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.

  • Phoenicianpirate@lemm.ee
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    3 hours ago

    They should scour military stockpiles for any left over ww2 explosives and use them to demolish all tesla factories and dealerships. Give those old material their final hurrah in taking down fascism.

  • febra@lemmy.world
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    10 hours ago

    It’s a completely overvalued company. Other car companies have a much higher production rate, sell more cars, at a much better quality, and have more market share, yet don’t “enjoy” the same kind of market valuation. In Germany, Teslas are on par with Dacia in terms of production quality, yet Dacia sells cars at a fraction of the cost of Tesla. In other words, it’s a bubble. One way or another, it will burst, and if it takes the nazi boss in charge down with it, even better.

  • Psythik@lemm.ee
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    12 hours ago

    They need to calm down with that title. It’s only been a few months. Unfortunately people forget way too easily.

    • AntelopeRoom@lemm.ee
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      10 hours ago

      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.

        • kn33@lemmy.world
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          7 hours ago

          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.

        • 3abas@lemm.ee
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          7 hours ago

          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.

    • reptar@lemmy.world
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      12 hours ago

      There’s a pretty decent chance of major government action to support the company can be bought. Shit, musk may help build a very expensive situation for himself.

  • lsibilla@lemm.ee
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    12 hours ago

    I don’t understand why their stock is still 51% higher than it was one year ago.

    It went down significantly since the beginning of the year (~-25%) but less that it went high after November election (~+100%).

    • OhNoMoreLemmy@lemmy.ml
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      10 hours ago

      Because Tesla is a meme stock.

      It’s price has always been completely decoupled from the number cars they sell, and depends on musk constantly lying and promising fully working humanoid robots and self driving taxis by next year.

    • caffinatedone@lemmy.world
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      12 hours ago

      Because Tesla stock is essentially a meme stock and always has been. It’s not based on the actual boring making of cars, but rather the strength of musk’s bullshit powered reality distortion field.

      There’s always some vaporware next big thing that he pitches, but never actually delivers on which is used to justify their ridiculous valuation.

  • LupusBlackfur@lemmy.world
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    17 hours ago

    Fucking wonderful!!!

    More of this please!!

    “Drive” the value of the Swastikar into the fucking ground.

    🤡 😂 🖕 🖕

    • ExtremeDullard@lemmy.sdf.org
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      17 hours ago

      Tesla is the poster child of companies that feel the wrath of people who oppose fascism. But this needs to happen to all the companies that kowtow to Trump and his regime, and there’s a whole litany of them.

  • filister@lemmy.world
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    14 hours ago

    What baffles me is that conservatives usually don’t believe in global warming and don’t care about the environment so they are less likely to purchase an EV. So why is Musk courting them? Presumably he did a lot of damage to the brand. And it doesn’t help either that the Cyberpunk is one giant flop, similar to Fiat Multipla.

    • Ledericas@lemm.ee
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      12 hours ago

      hes hoping to get into the AI space like thiel with palintir, ive said it he largely abandoned “TESLA” already

    • IphtashuFitz@lemmy.world
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      16 hours ago

      The SuperCharger network needs to be spun off into its own company. It’s one of the few positive things to come out of the company, especially now that the Tesla NACS plug/socket has become the SAE J3400 open standard and most EV manufacturers have announced support for it. It’s the only international EV fast charging network that can be seen as comparable to similar gas/petrol chains.

      Their battery storage division that manufactures PowerWalls, MegaPacks, etc. should also be saved (perhaps spun off as well). Those are good quality home & grid-scale battery solutions.

      Their cars, vaporware solar products, robots, etc. all deserve to go the way of the dodo as quickly as possible.

    • Saleh@feddit.org
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      13 hours ago

      Hypothetically another major recall could cause more cars to be returned than sold.