Tesla sales drop in Europe for fifth month in a row
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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.
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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.
Let's keep it going, I wanna get paid for getting a Tesla.
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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€.
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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!
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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.
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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.
wrote on last edited by [email protected]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.
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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
Awww go fashy, stonk crashy
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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 (hopefully?) not having private stuff the car recorded passed around the company's office for chuckles.
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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.
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".
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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.
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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.
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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.
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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.
Could I have a list of these "investors?" Because they sound like fools who deserve to be tricked out of their money.
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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.
Regarding the other brands - some cars, like the very popular Dacia Spring, are not manufactured by Dacia in Europe but 100% by Dongfeng in China.
The Chinese brands are on the rise and those are not just the relative numbers but the absolute numbers too. The data for Q2 shall be there in a few days, I guess it’s worth to wait for it
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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.
There is precedent for a car brand started by a Nazi successfully shaking that image eventually
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Regarding the other brands - some cars, like the very popular Dacia Spring, are not manufactured by Dacia in Europe but 100% by Dongfeng in China.
The Chinese brands are on the rise and those are not just the relative numbers but the absolute numbers too. The data for Q2 shall be there in a few days, I guess it’s worth to wait for it
Well, I think it confirms what I said, BYD barely making it to the top 10 with 7k units sold while Volkswagen group has 3 of the top 4 brands (for EVs) with 50k units sold. Plus BMW, Mercedes, Renault and Hyundai groups. Chinese cars are growing by a lot of % because they had a minuscule market share. As of today, they are still a small part of the market, let's see where they land when they stabilize.
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Unless he steps down as CEO and sells all his shares I don't see a Tesla redemption arc in Europe anytime soon.
That would also tank the stock price though.
