this post was submitted on 26 Feb 2025
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Summary

Tesla’s European sales plunged 45% in January, while the EV market grew 37%, with rivals like Volkswagen and Renault gaining ground.

Production changes for the Model Y is claimed to contribute to lower sales, but Elon Musk’s political controversies also sparked backlash.

Musk’s support for far-right parties and attacks on European leaders have made him unpopular, as polls show negative perceptions in Germany and the UK.

Tesla’s struggles come as European automakers face stricter emissions targets, increasing competition in the region’s growing EV market.

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[–] [email protected] 10 points 1 day ago (3 children)

You are welcome yanks. Now feel free to do your part. I am joking, I would expect even Chinese Tesla customers to move first.

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[–] [email protected] 59 points 1 day ago (1 children)

When are the shareholders going to sue the fuck out of him for devaluing the stock they bought?

[–] [email protected] 17 points 1 day ago (2 children)

Never. They are "true believers"

[–] [email protected] 11 points 1 day ago (1 children)

Most shareholders are index funds that replicate the SP500 or other tech indices, they don't give a shit about beliefs and will sue if needed.

[–] [email protected] 3 points 1 day ago

Hope you are right but I'm not holding my breath.

[–] [email protected] 4 points 1 day ago

Their loss.

[–] [email protected] 51 points 2 days ago (1 children)

why would Europeans have a problem with a guy doing a nazi salute? we may never know

[–] [email protected] 11 points 1 day ago (1 children)
[–] [email protected] 7 points 1 day ago

A Nazi salute is a gesture tho

[–] wirebeads 134 points 2 days ago (2 children)

Good. Fuck Musk! Dirty asshole.

[–] [email protected] 18 points 2 days ago

Unwiped asshole

[–] [email protected] 11 points 2 days ago (1 children)

Please; show some respect to assholes. What we have here is a clearly unelected unrepresentative uniformly unqualified nazi turd; or, a cuuuunt if you will. 😝

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[–] [email protected] 71 points 2 days ago (3 children)

Yeah, I wouldn’t buy house paint for Hennrich Himler and I wouldn’t buy baby clothes from chairman Mao… definitely not buying stuff from Musk.

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[–] [email protected] 33 points 2 days ago (4 children)

Musk didnt learn a single thing from mismanaging twitter right into the ground. Tesla is up next. The US government after that.

[–] [email protected] 18 points 1 day ago (1 children)

He didn't mismanage Twitter. He realized that he could spend 44B and gain control of the ruling political party of the US. He said "Twitter's value isn't in it's advertising, but in the public manipulation I can do with it!"

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[–] [email protected] 4 points 1 day ago

Why would he learn from it, as far as I can tell it was intentional mismanagement.

[–] [email protected] 8 points 1 day ago (1 children)

I don't know about Twitter, it gave him and his cronies a platform, and won him an election. It's mismanaged for sure, but it got the job done.

Tesla is probably more of a blow, this doesn't help him in any way.

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[–] [email protected] 6 points 2 days ago

I honestly think he sabotaged it on purpose. I hate to give him any credit for intelligence, but in reality he must have told some friends to short the stock before he bought it and immediately crashed its value.

[–] [email protected] 64 points 2 days ago (1 children)

Remember when Musk called Bill Gates "categorically insane" for shorting Tesla? I think I can guess who will be laughing in the end.

[–] [email protected] 15 points 1 day ago (1 children)

Both of them, they're both fucking centi-billionaires, they couldn't give a fuck.

[–] [email protected] 5 points 1 day ago (1 children)

Bill Gates at least made his money by himself, transferred most to a genuine charity, and pledged that 99% of his remaining wealth will follow suit once he dies; plus he convinced a good number of other billionaires to do the same.

Hating on Windows and whatever Microsoft has become over time is one thing, but Gates himself is not a bad person.

[–] [email protected] 8 points 1 day ago

Isn't he? He may have mellowed, but by all accounts he was an asshole while at Microsoft, he made his money leading them through a hugely monopolistic period (was subject to antitrust litigation on two continents), has faces sexual harrasment allegations and spent a lot of time with Epstein.

Certainly he seems to be a lot better than Musk, I'll give him credit for his charitable efforts, but even in that there's controversy around the undue influence it gives him in the various spheres the charity spends money, pushing private education over public and working to prevent the Oxford COVID vaccine IP rights being waived.

[–] [email protected] 23 points 2 days ago (5 children)

Where does Musk's money actually come from? How big part of it comes from Tesla? How much from SpaceX and how much from Starlink? What else do Musk's companies do?

I'm just wondering: How long will he still be the richest person on Earth? And once he's not, what will Trump think of him?

[–] [email protected] 9 points 1 day ago* (last edited 1 day ago)

Government contracts to his companies amount to more than $8 million per day currently, expect that number to grow now that Musk can decide which government functions he should privatize for his own gain. Verizon's $2 billion dollar contract with the FAA is likely to be cancelled so Starlink can get their cut.

[–] [email protected] 13 points 1 day ago (1 children)

iirc most of his wealth is on paper, in the form of stock for his companies. He's relatively cash poor

[–] [email protected] 7 points 1 day ago (1 children)

As usual with billionaires (and actually most people with a significant wealth)

[–] [email protected] 4 points 1 day ago (1 children)

And they live off of loans collateralized by stock. Musk has easy access to as much cash as he could possibly want, whenever he wants it. He's definitely not "cash poor".

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[–] [email protected] 4 points 1 day ago* (last edited 1 day ago)

From insider trading and also griefing crypto bro.

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[–] [email protected] 50 points 2 days ago (9 children)

I've been saying this for years, Tesla will not remain #1 on electric cars once they become mainstream.
Tesla has declining sales in ALL major markets, and they have only half the profitability of the average for the industry!!
Tesla is not a competitive brand anymore, and unless something is done, Tesla will be gone in 10-20 years.

This is not just because of Musk, it's also because the alternatives are getting better than Tesla now. Musk is absolutely accelerating the decline of Tesla, both by making stupid decisions for Tesla, and by being an unpopular figure.
But Tesla is not developing at the same cadence as other makers, 5 years to make an updated model Y is a very slow development cadence, the average is about 3 years, and currently in China for EV it's allegedly half that!!
For a new type of car, where developments are constant on better technologies like batteries, 5 years is horrendously slow, and cutting prices hard kind of makes it worse, devaluing the entire fleet of existing cars.
Something Musk also promised wouldn't happen, as he claims a Tesla holds value better than any other brand, which is now obviously false.

[–] [email protected] 18 points 2 days ago

Most likely the profitability will come from DOGE funneling.

[–] [email protected] 9 points 2 days ago

Not uh bro, just give them another 5 years and their build quality will improve.......

It's almost like manufacturing vehicles takes skilled labor or something. I'll be happy when their valuation finally reflects something approaching realistic numbers. Just comparing simple metrics like employee retention should have been enough to tip off investors that Tesla was massively overvalued.

I mean there's a reason the other major manufacturers haven't killed off unions completely. You can't just keep replacing your entire workforce every couple years and expect any kind of quality control.

[–] [email protected] 3 points 1 day ago

I moved out of Tesla to BYD stocks couple months ago just based on the output and price of their cars and feeling that tariffs aren't going to keep them out forever. Looking good so far.

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[–] [email protected] 37 points 2 days ago (1 children)

Europe better be careful, they're about to be sued if they keep up this kind of behavior

[–] [email protected] 3 points 1 day ago

How exactly? Raising tariffs to 50%?

[–] [email protected] 36 points 2 days ago (5 children)

Who are the remaining 55% still buying swasticars?

[–] nova_ad_vitum 14 points 2 days ago

Those are preliminary numbers. They'll do everything they can to hide the real numbers too. I wouldn't be surprised if the real sales numbers are already down 80 percent.

[–] [email protected] 12 points 2 days ago (3 children)

Yeah right, only? I mean it's not a good decision politically, but also no longer economically sound, you might want to sell it down the road, to whom, and for what price?

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[–] [email protected] 14 points 2 days ago

Who wants to drive cars of this freek?

Thanks for pushing electric cars, but we don't need you anymore now!

[–] [email protected] 12 points 2 days ago

yay I needed this today

[–] [email protected] 14 points 2 days ago
[–] [email protected] 9 points 2 days ago* (last edited 2 days ago) (1 children)

I should go check my Volkswagen stocks.

EDIT: They're down -25% total, a huge improvement!

[–] [email protected] 6 points 2 days ago* (last edited 1 day ago) (6 children)

Last 5 years +4.92%

Last 1 year +7.09%

Last 6 months +7.09%

Last 1 month +7.09% (no I'm not mixing up numbers these are actual numbers, its the same number thrice)

Last 5d +6.46%

Last 1d +0.93%

Looking good, seems like you chose an unfortunate moment to invest.

Edit: +21.97% in 2025 so far. Probably correlates with declining Tesla sales?

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