this post was submitted on 03 Feb 2025
923 points (98.9% liked)

World News

40161 readers
3217 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

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.

top 50 comments
sorted by: hot top controversial new old
[–] [email protected] 8 points 16 hours ago (1 children)

ELMO will surely sue the French customer for it.

Wait for it.

[–] [email protected] 1 points 9 hours ago

Yes, that’s it. Drag the French masses into this situation. I like the cut of their gibs.

Signed, random American.

[–] [email protected] 14 points 23 hours ago

The interesting part of the story is not so much that Tesla is losing -- it's who is winning. Electric vehicles are in MASSIVE demand throughout the world. The USA has responded more or less by putting an iron curtain in place against BETTER electric vehicles produced elsewhere. Sure, our governments use some scary words around Chinese imports, but look at their cars in isolation, especially BYD. By almost any metric you can imagine, BYD products are superior. The USA is temporarily putting their head in the sand about China. However, make no mistake, in other markets where there is FAIR competition, America's lunch is getting eaten. This cannot go on forever. Hopefully our US auto producers get their heads out of their ass and start competing instead of relying on tariffs to level the playing field. Tarriffs can make Tesla competitive domestically, but if you want to dominate the world, this is almost certainly not the way forward.

[–] [email protected] 33 points 1 day ago (16 children)

The EU has so many much better EV makers it is crazy. Siemens, Altsom, CAF or Talgo are superior in every way.

[–] [email protected] 16 points 1 day ago (7 children)

Are you expecting someone to say "I never heard of those" so you can share some gem of niche industry knowledge with us?

Sigh. Alright. "I never heard of those".

[–] [email protected] 39 points 1 day ago (2 children)

Those are all train manufacturers.

load more comments (2 replies)
load more comments (6 replies)
load more comments (15 replies)
[–] [email protected] 4 points 22 hours ago

And they haven't even slapped a bunch of tit-for-tat tariffs on them yet.

[–] [email protected] 108 points 1 day ago (1 children)

I work in tech in Germany. My coworkers and I are the ideal Tesla customers. Nobody I know would consider buying a Nazi car.

[–] [email protected] 76 points 1 day ago (13 children)

Call it a swasticar, Elmo hates it.

load more comments (13 replies)
[–] [email protected] 196 points 1 day ago (19 children)

Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.

load more comments (19 replies)
[–] [email protected] 58 points 1 day ago (12 children)

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.

[–] [email protected] 37 points 1 day ago (12 children)

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.

[–] [email protected] 43 points 1 day ago

That sounds like a bubble that needs a pin 📌

[–] [email protected] 2 points 23 hours ago (2 children)

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.

[–] [email protected] 2 points 22 hours ago

I'd say they're more betting on his ability to convince road safety regulators to allow his automated death trap Johnnycabs onto American roads.

[–] [email protected] 1 points 20 hours ago

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

load more comments (10 replies)
load more comments (11 replies)
[–] [email protected] 2 points 22 hours ago

Good keep it going!

[–] [email protected] 38 points 1 day ago (4 children)

Looks like Elon Twittered Tesla.

load more comments (4 replies)
[–] [email protected] 68 points 1 day ago (7 children)

I don't understand how the stock is STILL so high

[–] [email protected] 53 points 1 day ago* (last edited 1 day ago) (2 children)

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.

[–] [email protected] 33 points 1 day ago (2 children)

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.

load more comments (2 replies)
load more comments (1 replies)
[–] [email protected] 43 points 1 day ago

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.

load more comments (5 replies)
[–] [email protected] 64 points 1 day ago (1 children)

You couldn’t get me to drive a Tesla even if you paid me for it

load more comments (1 replies)
[–] [email protected] 78 points 1 day ago (1 children)

The French (rightly) hate Nazi stuff. 🤷‍♂️

load more comments (1 replies)
[–] [email protected] 13 points 1 day ago

Sadly, he's already tapped the US Treasury like a Keg.

[–] [email protected] 40 points 1 day ago

Not one more Tesla should be sold in any democratic country.

[–] [email protected] 18 points 1 day ago* (last edited 1 day ago)

Whenever I see a Tesla, I immediately think of those fucking neo-Nazis and his weekly chats with the bastard Vlad.

load more comments
view more: next ›