Teslas turn toxic as sales crash in Europe and the UK

[microwave@lemmy.world]

Summary

Tesla's sales in Europe and the UK are plummeting, despite overall EV growth in the region.

In January 2025, Tesla sales fell 63% in France, 59% in Germany, and 12% in the UK, where overall EV sales rose 35%.

Sweden, Norway, and the Netherlands also saw major declines. Analysts cite Tesla's aging lineup and CEO Elon Musk's far-right political statements as key factors.

The Cybertruck's European road restrictions further limit appeal.

[tyfud@lemmy.world]

I did nazi that coming

[pelespirit@sh.itjust.works]

Seems like it should have gone down more in the US after the salute (check the further back timelines):

https://www.marketwatch.com/investing/stock/tsla

[evergreenguru@lemmy.world]

Tesla is likely facing competition from Chinese EVs as well.

[ryrybang@lemmy.world]

Market cap of $1.2 trillion. That's 3 Boeing's.

Plus 3 McDonalds.

Plus 3 General Motors.

With room to spare.

If anybody still owns this garage meme stock, get out now while you can. Sell before your friends do.

[nobodyelse@sh.itjust.works]

Wall Street has never had a problem with Nazis