Tesla sales crash 45% in Europe as rivals surge, Musk’s politics spark backlash
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Remember when Musk called Bill Gates "categorically insane" for shorting Tesla? I think I can guess who will be laughing in the end.
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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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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. -
I still don't get how is Telsa 20 times bigger than Toyota.
It's great thanks to Musk, Telsa could become a viable auto maker which in the current industrial context is already amazing, especially with production in place with expensive labour (Which is a great thing too)
However, it's not like other auto manufacturer would disappear from the market and it seems easier to add an electric system over an existing basis than to build a new car from scratch, let alone Chinese trying to enter the global market (and BYD is growing quickly in Europe) and Indian which will do the same at the point.
So not really a surprise that Tesla sales start to drop, especially when adding that nazi did good car isn't a reason to support nazi
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Tesla is currently four times as big as Toyota by market capitalization.
...But that number is total BS, just gambler's hype, it doesn't actually represent how "big" a company is. Like, I'm more "pro investment" than most of Lemmy and subscribe to the Buffet ideology that stocks aren't a total gamble, but Tesla's stock price has been untethered from reality for years.
Tesla is a very good startup/player, but the idea that they would somehow take over the entire auto market (as the price suggests) makes zero sense.
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Who are the remaining 55% still buying swasticars?
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Most likely the profitability will come from DOGE funneling.
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Unfortunately I believe that he does not give a shit.
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That is fucking wild!
American Speedrun to the ground.
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China updates car models every 1.5 years? That's kinda cool.
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Unwiped asshole
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yay I needed this today
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Europe better be careful, they're about to be sued if they keep up this kind of behavior
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People who don't know or care, I hope it ends up being like 5-10% of their normal sale forcing them to only have a single store in each country.
And with the way they fall to pieces, it will be a curiosity in 10-15 years.
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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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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.
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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.
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I should go check my Volkswagen stocks.
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Yeap, a lot of people confuse market capitalization with market share. The two should be somewhat intrinsically tethered in some way, but a lot of investing nowadays is purely speculation based on marketing (aka lying).
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Yes, and this is a very important factor if you want to get or stay ahead.
Intel had their famous Tik-Tok strategy up until 2016, and when that broke, Intel broke.
Nvidia had a similar strategy churning originally out new GPU models at twice the speed of competitors. And Nvidia is now the most successful chip making company ever.This article is a bit more modest than twice the speed, stating only 30% faster development cycle in China, but there is no doubt the Chinese market is extremely competitive:
https://www.msn.com/en-us/money/companies/how-china-is-churning-out-evs-faster-than-everyone-else/ar-BB1jhlzH
