Tesla sales drop in Europe for fifth month in a row
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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.
Ohhhh, nooohhhh...! How teeeeerrible...! I'm shóck!
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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.
wrote on last edited by [email protected]Well, at least his big robotaxi trial is going smoothl— uh, oh no.
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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.
wrote on last edited by [email protected]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.
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Also, one huge Pro to not having a tesla is not having to worry about it blowing up for no reason.
Or having it vandalized.
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I hate how much BYD pays people off. And they're suing people in China for "damaging their brand". I guess so did Tesla that one time, but only one of them runs slave camps (including outside of China).
And this is only one of their dubious “techniques” to lower the costs: https://www.heise.de/en/news/Presumably-Chinese-industrial-spies-stole-VW-data-on-e-drive-technology-9692416.html
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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.
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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.
wrote on last edited by [email protected]Honestly I don't think it's really due to Elon hate. Sure people might not like him there much but it's not nearly as intense as the left/right divide in the US.
The real reason is that in Europe they aren't banning Chinese cars outright, so they have to compete against Chinese cars that are amazingly advanced for the price.
Anyways I'm sure Tesla's plan to drop the $25000 model is working out just fine.
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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.
Hey elon dont worry the right wing nut jobs are gonna start buying your teslas, ah right most of them are broke lol
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Hey elon dont worry the right wing nut jobs are gonna start buying your teslas, ah right most of them are broke lol
“You could charge it with solar for free”
“Fuck you libtard”
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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.
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
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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.
Not too mention Tesla stock being his slush fund to ruin the world with his Nazi bullshit
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Sad part is that they’re getting outcompeted by the Chinese EVs, not the European carmakers. The whole money will just fund CCP’s ambitions instead of US ambitions, neither of which is good for European future
Even European brands like Polestar belong to Chinese companies by a large share. But yes, German car manufacturers were asleep at the wheel and now they even lobby against the combustion engine ban because they would be left with near zero business.
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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.
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.
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Or having it vandalized.
Or it being a death trap in an accident.
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Hey elon dont worry the right wing nut jobs are gonna start buying your teslas, ah right most of them are broke lol
Even better they don't drive teslas cause they want those gas guzzler.
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Rivian seems better in literally every way, isn't it?
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.
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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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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?
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Sad part is that they’re getting outcompeted by the Chinese EVs, not the European carmakers. The whole money will just fund CCP’s ambitions instead of US ambitions, neither of which is good for European future
Do you have numbers? Because Chinese cars are growing by triple digits because they were basically at 0, the numbers I saw recently VW, stellantis, Hyundai, BMW and Mercedes were in the top 10.
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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.
