Summary
Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales’ 0.5% decline.
Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.
Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.
CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.
Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.
Not many people want to be seen in a nazi car
Eh, people really like VW bugs, and those we’re commissioned by hitler and designed by the nazis. They’ve done a lot better at distancing themselves from their founder, though.
It’s round! Like a bridge!
I work in tech in Germany. My coworkers and I are the ideal Tesla customers. Nobody I know would consider buying a Nazi car.
I don’t understand how the stock is STILL so high
One of the few conspiracies I actually subscribe to is that there is no legitimate stock market anymore, it is 100% under price control. Wins and losses - such as they are - are being determined by huge banks and hedge funds using AI algorithms, dark pools and phantom shares to maintain an iron grip. I got started down this path when I read Michael Lewis’ book Flash Boys, which, like this video was made over 10 years ago.
I don’t know that there’s any sort of conspiracy, but it’s definitely true that a huge part of the market is in “dumb money” – index funds that just buy every stock weighted by market cap, and thus exert no influence on what the companies actually do.
insert I’m doing my part.jpg
I also suspect that because so much manufacturing is in China, what we think of as the world’s stock market is just a small fraction of anything. Does an index count if an index doesn’t measure much?
They released info to shareholders last week that showed an 8% drop in year over year sales… and yet the stock went up. Maybe people expected the drop to be even higher, so the drop was already priced in?? But it just feels like there is market manipulation going on.
My guess is that, with Musk basically in charge of the government now, investors are expecting huge returns from corruption.
Yeah, the guy who apparently now controls the strings of the government could just click a button to have the government order 1 million Teslas.
Other than investing in the hopes of seeing returns from corruption, it doesn’t really make any sense.
It’s a cult.
Elon and Trump are butt-buddies.
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The people who buy electric vehicles are left-leaning people who believe in climate change. If I were a major Tesla shareholder I’d be howling to have Musk ejected while the company still has a chance to retain some goodwill.
Why? Shareholders do not care about the health of the company so long as its stock price is high. And Teslas stock price is not based on any fundamental principle of investing.
Their market cap, or the total value of all their shares, is currently worth more than the next 30 largest auto manufacturers COMBINED.
Let me put it this way: Every single car sold in the United States this year could be made by Tesla and they still wouldn’t even be close to being worth what they are right now based on company fundamentals. Thats how insane this is. Shareholders of the company couldn’t be happier and yet their company is declining in sales and killing off its customer base. Absolutely insane.
Why? Shareholders do not care about the health of the company so long as its stock price is high.
And so long as it continues to remain high as long as they remain shareholders. Do Tesla shareholders really think Tesla is going to keep its value? Do they think that what Musk is doing as CEO is really helping enhance that value? I mean, when was the last time he actually did any work as Tesla CEO?
No they don’t think it will hold that value, yes they think that musk is helping enhance it (and I agree), no they don’t think his actions as CEO are helping their core fundamentals, and quite possibly his last actions were years ago unless you count him being at their press events as work.
This isn’t unique to Tesla btw, they’re just the largest example. Nvidia is also right behind them.
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That’s an interesting take. Doesn’t make much sense, but it’s interesting.
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Too much glue damages the brain
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People are still betting big on Tesla’s self driving and other technological advances.
Value of a stock isn’t just the current market success, but also perceived future value.
That said, Tesla is overvalued for sure.
I think that type of speculation is acceptable usually but their self driving tech hasn’t significantly improved in a while and has been out for years, so those expectations should be mostly priced in by now.
You add that to their falling sales figures and the fact that they spent crazy money developing cyber truck and have had multiple recalls on it already, the stock is completely out to lunch. Usually they’re somewhat in touch with reality. Like Apple is a bit out to lunch but its movement is still news-based somewhat. Not the case with Tesla, they’re not out to lunch they’re out till next year in Tahiti
They already hedged their bets long ago. Only main Street is gonna be left holding this bag. Yall need to get real. The world is falling apart and people still think the rich are gonna do something.
I don’t think you understand what “hedging their bets” means.
It means they invested a few of their spare billions into opposing technology and companies while you sit at home deciding if you are buying eggs or milk this week.
You dropped this 🤡
So, they’re not Tesla shareholders?
Unfortunately his fan Bois are all nazis now. They may claim they aren’t but nazis lie.
There’s a difference between “elon fan bois” and the various shareholders in Tesla and potential electric car buyers.
I’m specifically talking about fan bois that currently own Tesla. I am amazed at the number of fellow owners that say they will still by Tesla. Lots of them own stock and think as long as share price goes up, that nothing is wrong.
Looks like Elon Twittered Tesla.
Or he Xed it out.
He did not see that coming
He let that sink in.
Hop damn
Not one more Tesla should be sold in any democratic country.
The EU has so many much better EV makers it is crazy. Siemens, Altsom, CAF or Talgo are superior in every way.
Give me a break.
Hate on Musk all you’re pleased, I’ll join you. But I can’t deny how much better tesla was vs every other brand I’ve test driven (Ford, Kia, Polestar mg etc). Their software is unmatched unfortunately. Until we get another brand do this shit right, tesla will be the top car. EV is only as good as its software. Most other brands are half a decade behind.
Again, if you have experience and disagree? I’m happy to discuss! I’d love to hear about your experience with brands I haven’t tested. But 90% of comments here likely never driven Tesla and are just spewing bullshit because they dislike Musk. It’s fine not to buy a car because of it, but trying to mental gymnastics into the car being bad makes people look like complete idiots.
I’m sure there will be smart asses here talking about quality control or software recalls, so what? Sell so many of anything and you’ll have bad apples. You think other brands haven’t got those?
Tesla cars are a mixed bag (for Europeans, at least).
The software is good (although it got worse, many things now require multiple touches, which is really bad when driving), and it is better than every other brand I know.
But a lot of other aspects are suboptimal. E.g. the insulation is sub-par, resulting in more noise. The assistance systems are really bad, the car tried to kill me multiple times on the Autobahn. The cameras are bad when it’s dark outside, often I have to guess what I see in the rear camera when parking. The placement of the rear camera leads to dirt on it, I have to clean it every day to be able to use it. Etc, pp.
Nothing is so bad that I would advise against a Tesla, but these are many small paper cuts I was not used to in other brands.
That said: don’t buy a Tesla. Musk is a Nazi. Don’t support Nazis, punch them.
Edit: didn’t notice the train joke. Nice, you got me ;-)
That said: don’t buy a Tesla. Musk is a Nazi. Don’t support Nazis, punch them.
Should I buy a car from the manufacturer that was founded by Adolf Hitler instead?
With all the good arguments against VW you had to pick the dumbest.
Okay, give me the good arguments against VW. I don’t know of any, actually, and I’m genuinely shopping here.
That’s really a matter of opinion. I love CarPlay and prefer it to Tesla’s screen. The voice recognition is just not as good and fails most of the time when I ask it to dial or send a text message. It lacks WhatsApp integration, and my favorite podcast app just doesn’t work with Tesla’s system and never will.
Hyundai feels more comfortable both in seats and interface; I prefer actual buttons rather than trying to scroll through menus at high speed to turn on and off car features. Non-round steering wheels and lack of turn stalks should be banned for safety. I feel safer glancing at a speedometer in front of me rather than glancing away from the road so often. And Hyundai Ioniq cars have much better self driving on highway compared to what Tesla has, as Tesla keeps nearly clipping trucks or going out of lanes forcing me to take over far too often. I even like the auto park features.
But this really is a matter of opinion and preference.
EV is only as good as its software.
Well… as a current Tesla owner and previous owner of 5 different cars (one of em french!) I have to say that this car has had the worst hardware I’ve ever experienced. And it sure brings down the experience a tad when – let’s say – your side door window physically cracks because it failed to raise the window by half a centimeter, so it crashes into the car side when you try to close it. Or when the hinge in the boot just breaks randomly and the remote fix-r-up guy cannot do anything about it. Or when the side mirror just stops working because it’s chilly outside.
But sure, the software is pretty ok. And some things remain pretty nice, like the acceleration.
Pretty sure it’s a joke and the Electric Vehicle here are trains, as those 4 are train manufacturers. Regarding your (small) rant, no opinion, but the joke is funny and the electric train is the superior mean of transportation.
I get the joke, Siemens isn’t making cars obviously. But the sentiment stays. I’m in UK, our trains are nowhere as good as the mainland Europe ones unfortunately.
Not denying that, but it becomes a public investment issue and not a car manufacturer issue. There is no UK train manufacturer anymore, only branch of international manufacturers. It is clear that tesla is targeting an high end market and you have to be careful to compare their cars to similar ones with similar price point. I hope a 60ke car is better than a 30ke one, the question is how it compares to other 60ke cars. Then again I like train and know nothing of cars so I am not dismissing your opinion.
EV is only as good as its software
That’s odd, because usually when I’m driving a car, the only software I really need to do its’ job is the powertrain control module and I haven’t noticed that being so bad in literally any manufacturer.
I have a Tesla (it’s 4 years old, dont kill me. I wouldnt buy one now. I would unbuy it if I could. Fuck Elon, fuck Tesla) and my boyfriend has a new Hyundai Ioniq 5. The Ioniq is a really cool car, no problems yet with it so far, but the Tesla absolutely demolishes it from a software/end user standpoint.
It is definitely the best non-Tesla EV I’ve played with so far, though, but I am so glad he decided on it over a 2nd Tesla. I dont think I could look at him anymore if he bought one at this point…
Oh I am not saying that Tesla is not making good cars, but that cars are inferior to trains. Those companies mostly had full self driving before Tesla was founded. They also all build high speed rail, which means they are faster then Tesla. Trains also use less energy then cars. The onboard entertainment mainly is bring your own device and use the WiFi, but options for restaurants are decently common.
Whenever I see a Tesla, I immediately think of those fucking neo-Nazis and his weekly chats with the bastard Vlad.
Sadly, he’s already tapped the US Treasury like a Keg.
There’s another factor that jumps to mind when I think of cars in France: they buy A LOT of French cars! I don’t have any statistical data, but it feels like half of the cars on their roads are French… And now that their manufacturers’ offer of EVs is starting to flesh out, they probably prefer buying “local”.
Was in France for 3 weeks on holiday and saw almost exclusively Citroën, Renault, and Peugeot. My rental car was a Renault E Tech and after driving it,I looked into importing one to the USA (sadly it’s not possible for regulatory reasons).
Renault E Tech and after driving it,I looked into importing one to the USA (sadly it’s not possible for regulatory reasons).
That’s hilarious taking into account European standards are stricter than US. US industry clearly don’t like competition.
French cars are banned in the USA (also we use CCS1, moving to NACS, while y’all use CCS2 everywhere), but we have Volvo, Pollstar, and German brands everywhere. I wanted a Volvo for my new car, but they’re not rated for towing horses in the USA like they are in Europe (USA versions are rated half the towing capacity than in Europe).
Nissan, Renault and Mitsubishi share platforms. Mexico has Peugeot and Citroen. Who knows, maybe the Canadians will open up to the French automobile brands as Mango Mussolini continues to fuck GM, Ford and Stellantis (North American operations).
Mexico may have French brands, but here in Sonora (I live in on the USA side), I’ve never seen any. Actually learned something new haha.
I’ve see a single Renault up here in Canada every summer for the past few years and the one time I got close enough I saw it had Mexican plates on it.
As far as I know, Renault sales is ramping up.
I mean, have you seen the new R5? Sexy!
Can’t say I can blame them for not wanting to give their money to a Nazi.
I feel like no matter what animal people use to insult a human, the human is usually worse than the actual animal. Even with snakes. Muskrats are sweethearts, they just swim around ponds and tag along with beavers.
Snakes, rats, sharks, and pigs. These are all beautiful animals, but describe terrible humans. These animals don’t deserve the association. I agree with you, and maybe we should stick to double-crossers, snitches, shysters, and cops or find other catchy names that work.
He’s not worth the wasted filament…
Not a large drop enough, let’s make that 100% please
I waited until I could get my hands on a Hyundai EV because I couldn’t stomach Musk. A buddy is currently considering a used Tesla because prices have cratered - but is factoring in the cost of several large ‘Musk Sucks’ stickers to plaster all over it.
Couldn’t happen to a “better” man
