Summary
Tesla’s sales in Europe collapsed in April, plunging over 50% in several countries despite an overall 23.9% rise in EU EV sales.
Sweden saw an 81% drop, the Netherlands 73.8%, and France 59%.
The refreshed Model Y failed to revive interest as buyers turned to alternatives, citing CEO Elon Musk’s controversies or superior competitors.
Tesla’s Q1 EU market share fell from 2.4% to 1.3%. Including the UK and EFTA, sales dropped 37.3%. Globally, 2024 was Tesla’s worst delivery year in two years, raising doubts about a near-term recovery.
I suspect Americans may forget, but maybe not Europeans given that him and Trump insulted their national pride. Same with Canadians.
I do hope Americans never forgive and never forget on this one.
What baffles is how completely overbought the stock is and how it refuses to collapse. There must be some big whales propping him up.
Europeans will forget.
Let’s put it like this: Antifascists won’t forget.
Here in the EU we have more than one country that was in fact rebuilt from the ground up centered around an Antifascist identity.
My country, Italy is one of them, and yes, we have at the government a woman who represents a party which is direct descendant of the fascist party, but that’s why you get students and professors in the universities and common people rallying together for Palestine AND against the neo-fascist government’s decrees.
There is an end in sight for Musk, one I can promise: this all ends when every fascist is dead.
Even if they do, Tesla is being unseated as the “default” electric car in the consumer mind, which will persist even if they forget why.
The only reason they may never come back is just how good BYD alternative models are. Tesla doesn’t have the edge anymore, and it was coasting on brand loyalty and reputation.
Well, that reputation is a Seig Heil now.