Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.
Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla’s billionaire CEO had promised a “major rebound” was coming last month, adding to a recent buying frenzy among investors.
They were selling on Wednesday, pushing the prices down more than 4% in early afternoon trading.
At this point if a person buys teslas they are either a Nazi or ignorant and neither is good.
Oh no how unfortunate.
I’ll be happy when there’s nothing to report because there are no more sales.
I read Musk fired the Tesla manager for Europe and North America over the low sales, as if those weren’t a direct result of Musk’s own actions. Like there is only one person responsible for pushing the stupid cybertruck and for associating the brand with fascism.
Don’t you know that he’s a genius and none of what he says or does can have any bad consequence? If it’s not because of him, it must be because of someone else. Oh, BTW: he also fired a manager in Tesla who voiced against him damaging the brand name.
None of these people know anything about anything. Only Elon knows!!
Let’s hope they drop even further 🙏
Even MAGAs are embarrassed to drive one of his Nazi mobiles
Liquidate Musk
Could I have a list of these “investors?” Because they sound like fools who deserve to be tricked out of their money.
Let’s keep it going, I wanna get paid for getting a Tesla.
Unless he steps down as CEO and sells all his shares I don’t see a Tesla redemption arc in Europe anytime soon.
And if he does step down as CEO and sell his shares, the stock will tank anyhow. The only reason it’s currently about 100x over its realistic value is that people bought into the idea that Elon was this genius who was going to… well who knows. Nothing he could have done would have justified that valuation.
Even then it’s a shitty company, cause look how long they’ve tolerated him for.
That would also tank the stock price though.
Sooner or later, the stock price will tank. It’s actually quite something that it is still that high, if anyone needed anymore proof that stock investors are not smarter than average Joe.
But Tesla sales are crashing worldwide, not just because of the brand, but because competition has caught up and is now getting ahead. Robo-taxis are going to compete with players that are years ahead on self-driving and safety concerns are going to force Tesla to trim down their price (assuming they manage to no longer need their “safety monitors”, in which cas they will just not happen).
Humanoid robots are a tool that needs to find a use justifying its price (and there again, we might see competition from China…).
What’s left??
Short term yes but I think they could quickly recover beyond where they are now if Tesla managed to keep some good press coming.
who had hoped anger toward Elon Musk would have faded by now
Even fucking goldfish remember what he’s done. He has irreversibly associated Nazism with Tesla at the same time that cheaper and better electric vehicles are coming out of China. The only way is down and that’s not going to change until he is no longer part of Tesla and a lot of time has passed.
Even fucking goldfish remember what he’s done.
There is precedent for a car brand started by a Nazi successfully shaking that image eventually
Over what sort of timeframe?
Couple months? Couple years? Couple decades?Dunno, wasn’t born yet 🤷
From the wiki, and I’m simplifying:
VW was handed over to the German government after being offered free-of-charge to Ford in 1948 by the British government (who ran the factory up till then).
In 1946 the produced 1000 cars per month. In 1949, 2 cars were sold in the US.
In 1952, 12 VWs were sold in Canada.
In 1955 they produced over 1 million Beetles.So 3 years on life support being ran by the British. Dunno how long being run by the German government before becoming GmbH.
And at these times, they could claim “Nazism is dead”. The issue with Musk and Tesla is nazis are not going anywhere anytime soon. Maybe they should hire VW’s CEO, actually. He managed to get the brand past the diesel-gate.
So, we should be sending people to prison? Cause that’s what happened to people involved in dieselgate. Along with the affected cars being recalled and the owners compensated.
Yeah, that actually might work
Of course, Elon would have to be rid of his Tesla shares also
Cheaper and better EVs are here from lots of European, Korean, and (to a lesser degree) American brands.
It’s been a long time since was “the only choice”.
Eve if he suddenly no longer had influence over Tesla, he’s ruined their reputation enough that others have had time to catch up and make better vehicles.
Oh, i thought it was only down because Elon was off in Washington making America super awesome and not around to provide his brilliant leadership to Tesla
Hey elon dont worry the right wing nut jobs are gonna start buying your teslas, ah right most of them are broke lol
Awww go fashy, stonk crashy :‘( :’( LOL
Even better they don’t drive teslas cause they want those gas guzzler.
Honestly, if he can get them to switch from those gas guzzlers to Teslas, that would still be better. But for that to work, the brand has to be utterly reviled by any “libtards”. So keep sinking Tesla and let the Nazis rescue it.
“You could charge it with solar for free”
“Fuck you libtard”
😂
Looks like Elon took the “shut your stupid fucking mouth up” advice. Too bad the damage to his image is irreversible. Oh well. I’m afraid I’m all out of tiny violins as well.
🤣 🤣
a blow to investors who had hoped anger toward Elon Musk would have faded by now
Methinks they may have underestimated Elonazi’s dickishness, stupidity, arrogance, and power to piss people off…
OMG that’s funny. 🤣 🤣
Some of them may quietly have the same political view as him, and at worse, most of them don’t care about his views. Their failure to understand the rest of the world does mind just show that they’re not half as smart as they think, and they’re totally disconnected from the normal world.
Not too mention Tesla stock being his slush fund to ruin the world with his Nazi bullshit
Apart of Elon being idiot why would we even consider buying Tesla anyway? Competition is much better when it comes to things like access to authorized service. Charging network is a non-issue in Europe as we have full roaming and one socket standard and brands like Kia, Mercedes or even BYD have competitive prices while all being great quality.
Also, one huge Pro to not having a tesla is not having to worry about it blowing up for no reason.
Or (hopefully?) not having private stuff the car recorded passed around the company’s office for chuckles.
Or having it vandalized.
Or it being a death trap in an accident.
c’mon, incidental explosions are what make life exciting!
According to Tim Urban’s blog article on Tesla and Muck from 2015, one of Muck’s stated goals was to jumpstart the other auto manufacturers into producing their own EVs to accelerate the trend toward a more sustainable energy future. Whether that was true then or now is irrelevant, but it is nice to see EVs of many brands being made and purchased. Obligatory Fuck Muck, existential disappointment that he will forever be.
That is the one credit I will give to Tesla and Musk, they made the EV not only a realistic choice, but actually cool.
The original Model S was a cool car when it was launched, but now there are plenty of other cooler alternatives.
It’s not rare for the first company to bring a product to market to not be the top dog once other companies get involved.
For instance, Kodak pretty much invented the digital camera, but Canon and Nikon are the clear leaders now while Kodak’s digital camera division was sold off.
Xerox has entered the chat, with the first commercial photocopier, the GUI, laser printer, and computer mouse, in addition to the ones you think of.
It’s not rare for the first company to bring a product to market to not be the top dog once other companies get involved.
Except Tesla wasn’t the first mass market EV. It wasn’t even the second. The first would be the GM EV1 in 1997:
Many would argue that the EV1 doesn’t count because it was on old technology. Fine then, the Nissan Leaf from 2009 then sporting its lithium battery:
Tesla Model S brought performance, range and styling that both of those were missing. However, we don’t need Tesla anymore in the world if Musk is still benefiting from it.
The first would be the GM EV1 in 1997:
The Flocken Elektrowagen is a four-wheeled electric car designed by Andreas Flocken (1845–1913), manufactured in 1888 by Maschinenfabrik A. Flocken in Coburg. It is regarded as the first real electric car.
You skipped the “mass market” part.
Detroit Electric from 1907 then. They produced 13 000 units in ~30 years. Obviously small numbers compared to today, but mass produced models anyway.
Those advancements were made possible by the Roadster, which was the true pioneering product that made EVs cool again. A car that was dreamed up and invented by Martin Eberhard, and would go on to be built by someone else that gave him the shittiest end of the most shit-covered stick there ever was.
Everything that has given Tesla a reputation as an imnovative company was either done by the original inventor or their amazing engineers over the years.
Elon brings money and celebrity recognition to the company. If the celebrity recognition turns and becomes a net negative, the money is going to start becoming an issue too because his loans might get called and then he’s got nothing to bring to the table. I choose to dream about that future right now.
Those advancements were made possible by the Roadster, which was the true pioneering product that made EVs cool again. A car that was dreamed up and invented by Martin Eberhard, and would go on to be built by someone else that gave him the shittiest end of the most shit-covered stick there ever was.
All credit due to Eberhard and Tarpenning for the idea and some of the initial development of the BMS, but its not like they had a full car ready to sell and before Musk came in. Tesla was established as a company in 2003, Musk was brought in (with his money) in 2004. The first Roadster sold in 2008. Now stop making me say anything positive about Musk just to set the record straight. Its making me sick to talk about him positively after what he’s become and how much harm he has caused human society.
Electric cars have been around for a very long time. According to Wikipedia, in 1912, 38% of 33,842 cars in the US were electric.
I think that Tesla showed that a modern performance car could be electric. It made electric cars cool again.
I would never be caught in a Tesla though.
In Tesla’s case, its because they rushed to beat the competition. You’ll notice they were a “tech company” not a traditional car company. The actual car companies came out with mature, fully baked, offerings rather than trying to be the first.
Oh boy, you haven’t heard of the ID.3, have you? Or the bzx4. Or the corsa. Or…
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The current move towards electrification would not have happened or would have taken a lot over without Tesla. The Model 3 really was a huge breakthrough by showing that you can build a car that people actually want to drive and make it affordable. That pretty much made all the excuses of the incumbents moot.
I don’t think the 3 was a huge breakthrough, although it sure appeared to be, the S/roadster was really where it happened. The leaf had been out for several years, granted it had limited range in its first production models. The 3 was only remarkable because it had higher range at the price point, but that was more of a battery technology thing than a Tesla thing, as the bolt and leaf both had comparable range at the same price point around the same time, they just had the baggage of their manufacturers reputations and/or previous model specs holding back their PR.
Rivian seems better in literally every way, isn’t it?
Price wise also?
In Europe at least, Chinese cars.
Last month on my neck of the woods, YoY car sales were up 16% and yet Tesla was down 68% this month alone, while BYD was up 331,6% (yes, 3 digits).
With these changes, Tesla isn’t even in the top 10 anymore (at one point it was #2!) and has been leapfrogged by BYD, who seems very likely to continue climbing and break into the top 3 sellers.
Tesla is dead.
In Europe, European cars are a better choice than Teslas.
It’s been a while since I looked at EVs, but my (US) experience at the time was that Tesla was one of very few companies offering sedan-shaped EVs. The US market was full of crossovers & SUVs (like Rivian), and that form factor seems antagonistic to many of the things that make high performance, long range EVs: terrible aerodynamics, high body weight, poor visibility… They’re big enough to fill will batteries to compensate for the poor efficiency, but that just raises costs.
Don’t know about availability in the US, but at least in Europe there are many, many alternatives out there, both from traditional brands (Mercedes, BMW, etc etc) and more recently, from Chinese brands.
A friend bought a BYD Seal the other day, he got a total bargain for their top version at 41k€, but that got me looking into them, and their lineup is looking pretty impressive.
Like I said, it’s been a minute, but BYD isn’t available in the US; looks like Mercedes offers 4 SUV/crossover models starting at $55k and 2 sedans starting at $75k; Kia is all SUV; Hyndai has one sedan and two crossovers. Ford is crossover/truck; GM is all SUVs. More than there were, but non-Tesla sedans are still the exception. I’d love to see BYD in the US. Love to see KEI in the US.
The Mini EV is in the US, but its range is just adequate. Then there’s older models, like the Bolt or Leaf. Ford has an EV Transit van for commercial customers, but its range also sucks.
Hyundai Ioniq 6 is out there, at least.
Yeah, the US market for EVs is bad. Just SUVs and trucks with few exceptions. Not even a good (mini) van.
Had a conversation about this the other day with a coworker, albeit about ICE cars but still applicable I think. Car manufacturers made tremendous progress in effeciency and negated all of that by justifying making their cars 2x bigger than they were 20 years ago. It’s ridiculous. A modern Subaru Outback is about the same size as a mid-90s Suburban. Gets about the same mileage as my 2001 Outback, even with all the effeciency tech
modern Subaru Outback is about the same size as a mid-90s Suburban.
No it isn’t
Fair points! In my mind I guess I was thinking cyber truck vs. Rivian truck.
No lol.
I am unaware of any other EV that has sentry mode on the cameras like that on the Tesla. Would absolutely love to be proven wrong.
AFAIK Kia has a Korean only release EV6 that had it, but none of the other options utilise the whole suite of cameras to record.
Why is sentry mode the the bar to cross?
It’s not specifically “the” bar, but the original comment was saying they didn’t see how Tesla would even be considered, and I felt this feature is one reason why someone may still consider a Tesla.
For me, my dash cameras have come in handy when my vehicle was running, but the hardwire mode has not been able to handle what I wanted it to. I want my next vehicle (whenever that may be) to be an improvement over what I already have. I have personally had my vehicles damaged more than once whilst it was parked, and I have always parked well. Sentry mode would have been very bloody useful to have the responsible parties pay up. Instead, I was left with a damaged car, which was notably rather heartbreaking when one incident occurred within the first month of ownership.
EDIT: My motorcycle was hit and if I hadn’t had known, I wouldn’t have been aware enough to take it to the shop to be inspected in case any of the internals had been damaged. Sometimes damage can be internal and without an alert, you would be putting yourself in danger.
But is it needed on anything other than a Tesla?
I’ve had a Ford (mid range SUV) and a Toyota (base model sedan) which were both damaged whilst parked, and nobody left a note. Lots of people posting in the community groups about carpark damage and no notes being left, and no luck with local cameras.
So yes, it is needed.
And that’s a very fair point, but at least around me, the deductible costs about 100€ if someone damages my car while it’s legally parked. I’m not going to worry much about someone dinging my car once in a blue moon with that kind of deductible, and I’m definately not going to pay ekstra to get a fancy camera system.
What about your insurance rates going up?
I just took a look on my insurances online calc. I’m contractually guarenteed to not have my rates go up no matter what.that isn’t an extra thing, it’s part of the base insurance. If I pay 100€ ekstra pr year, they completely remove the deductible from damage to the car while it’s parked up to a repair cost of 2000€.
Sounds nice!
A lot of smart features are not even being dreamed of by other companies… Hell, the most you might get is scanning your phone to just open the car, but not drive.
Tesla is technologically 2 generations ahead. But no one here will admit it. But do go to a dealer and ask how they compare, they at least will be honest. The most honest was Porche in my experience and surprisingly, BYD was good at listing all the things not in their car (with million excuses how it’s okay and I’ll get used to it).
The worst? Ford. MG also tried to make shit up how it might be added in software! Bitch please, you haven’t got over the air updates working.
