>Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January.
>The drop in Tesla shares took the company’s valuation back below $1trn for the first time since November 2024.
>Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.
>In addition, Tesla owner Elon Musk has been making controversial political waves on both sides of the Atlantic, an analyst said.
>Tesla sales in January bucked European electric car sale trends, which grew by more than a third in the month, according to trade body Acea.
>Instead, Tesla sales across the EU, EFTA and the UK fell more than 45%, and more than 50% in the EU alone.
>It comes after Tesla sales fell last year for the first time in more than a decade as demand faltered and rivals gained pace.
>The main factor in the January sales slump was likely to be increasing competition, AJ Bell investment director Russ Mould said.
>Chinese manufacturer BYD has been making big strides, in part because it includes as standard some features which cost extra from other makers, Mould said.
>However, some car buyers may also be taking a “principled stand” on Musk’s political interventions, he said.
Obligatory fuck Swastikar
diamanthaende on
They should fall to zero – crappy cars with panel gaps larger than the grand canyon and more vapourware announcements than Duke Nukem Forever.
RCA2CE on
Let Tesla burn 🔥
According-Buyer6688 on
DUMP IT MORE
r/BuyFromEU
FeelingMassive on
Our company has (had) the largest fleet of Tesla vehicles in the UK for a while, but have been looking to move away from them even before the Nazism.
Its all fine unless something goes wrong, then they’re an absolute nightmare. We’d had power assist failures, suspension and steering components failing, multiple recalls due to defective cameras, software safety concerns, battery failures, plus all the usual build quality issues where even brand-new vehicles looked like they’d been lived in for months with gaps in panels and trimming.
Smartimess on
That picture…
It‘s like someone challenged Grok to create a picture in which both look like fucking idiots.
rantheman76 on
Still unbelievably overrated. They should be worth about 5% of what they are now, especially with the outlook of the (now called) swasticars.
BlinKlinton on
Stay strong Europe!
I remember in 2022 EU declared its goal to stop buying russian oil and gas completely. Three years later we see that the objective is accomplished.
Now lets wait and see are there going to be any sells of Tesla in Europe in 2028.
Other_Class1906 on
Can Tesla decide to dump Musk, cause he is hurting the company?
Various-Army-1711 on
Naaaah, just people dumping the bull run
KaliningradRussian on
There is also another contributing factor being missed in the article. You currently cannot buy the AWD Model Y new in most of Europe, Tesla’s most popular product. They have paused sales as there’s a new refresh Model Y that won’t be available till May or June for many European countries and the launch series is quite expensive.
Lopsided_Push_9608 on
Deserves!
qualia-assurance on
It was such a meme stock to begin with. Completely divorced from reality. Before the inauguration it was floating around $420 because that is a funny number. The kind of thing you put at the end of your gamer tag when your chosen name is already taken. Tesla is the least serious business in existence.
Overall-Ad-8402 on
So easy to create a luxurious car that is like elons teslas make it modern and sleek and nice and futuristic and nice and clean while not being cheap with how nice the engine is doesn’t take a rocket genius
Nyasaki_de on
Not really, sadly
-Stoic- on
FTFY: Tesla shares slump after Elon Musk gives his best Adolf Hitler impression.
cazzo_di_testa on
Hope that Tesla go bust. Yank oligarch.
Efrayl on
Meanwhile over at the tesla stock reddit, people are excited to buy “cheap” stocks. Let them have worthless stocks if they want.
wildrabbit12 on
Keep it up!!
Active-Strategy664 on
Fall? That’s the terminology that is used when there is a 5% dip, not a 45+% catastrophic drop. Sales in Europe are in a free-fall, and I hope the go to 0 soon.
2001-Odysseus on
Looks like the Tesla stock took a note from the Tesla cars – it’s crashing and burning like none others.
I’ll see myself out now.
explorer9599 on
Continue to boycott. Just don’t buy American!
zubairhamed on
MOARRR MOAARRR
SnortMcChuckles on
That’s OK, he’s making up for those with payouts from the White House
VolvicVoda on
It’s good that they didn’t got banned in the eu
25 commenti
>Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January.
>The drop in Tesla shares took the company’s valuation back below $1trn for the first time since November 2024.
>Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.
>In addition, Tesla owner Elon Musk has been making controversial political waves on both sides of the Atlantic, an analyst said.
>Tesla sales in January bucked European electric car sale trends, which grew by more than a third in the month, according to trade body Acea.
>Instead, Tesla sales across the EU, EFTA and the UK fell more than 45%, and more than 50% in the EU alone.
>It comes after Tesla sales fell last year for the first time in more than a decade as demand faltered and rivals gained pace.
>The main factor in the January sales slump was likely to be increasing competition, AJ Bell investment director Russ Mould said.
>Chinese manufacturer BYD has been making big strides, in part because it includes as standard some features which cost extra from other makers, Mould said.
>However, some car buyers may also be taking a “principled stand” on Musk’s political interventions, he said.
Obligatory fuck Swastikar
They should fall to zero – crappy cars with panel gaps larger than the grand canyon and more vapourware announcements than Duke Nukem Forever.
Let Tesla burn 🔥
DUMP IT MORE
r/BuyFromEU
Our company has (had) the largest fleet of Tesla vehicles in the UK for a while, but have been looking to move away from them even before the Nazism.
Its all fine unless something goes wrong, then they’re an absolute nightmare. We’d had power assist failures, suspension and steering components failing, multiple recalls due to defective cameras, software safety concerns, battery failures, plus all the usual build quality issues where even brand-new vehicles looked like they’d been lived in for months with gaps in panels and trimming.
That picture…
It‘s like someone challenged Grok to create a picture in which both look like fucking idiots.
Still unbelievably overrated. They should be worth about 5% of what they are now, especially with the outlook of the (now called) swasticars.
Stay strong Europe!
I remember in 2022 EU declared its goal to stop buying russian oil and gas completely. Three years later we see that the objective is accomplished.
Now lets wait and see are there going to be any sells of Tesla in Europe in 2028.
Can Tesla decide to dump Musk, cause he is hurting the company?
Naaaah, just people dumping the bull run
There is also another contributing factor being missed in the article. You currently cannot buy the AWD Model Y new in most of Europe, Tesla’s most popular product. They have paused sales as there’s a new refresh Model Y that won’t be available till May or June for many European countries and the launch series is quite expensive.
Deserves!
It was such a meme stock to begin with. Completely divorced from reality. Before the inauguration it was floating around $420 because that is a funny number. The kind of thing you put at the end of your gamer tag when your chosen name is already taken. Tesla is the least serious business in existence.
So easy to create a luxurious car that is like elons teslas make it modern and sleek and nice and futuristic and nice and clean while not being cheap with how nice the engine is doesn’t take a rocket genius
Not really, sadly
FTFY: Tesla shares slump after Elon Musk gives his best Adolf Hitler impression.
Hope that Tesla go bust. Yank oligarch.
Meanwhile over at the tesla stock reddit, people are excited to buy “cheap” stocks. Let them have worthless stocks if they want.
Keep it up!!
Fall? That’s the terminology that is used when there is a 5% dip, not a 45+% catastrophic drop. Sales in Europe are in a free-fall, and I hope the go to 0 soon.
Looks like the Tesla stock took a note from the Tesla cars – it’s crashing and burning like none others.
I’ll see myself out now.
Continue to boycott. Just don’t buy American!
MOARRR MOAARRR
That’s OK, he’s making up for those with payouts from the White House
It’s good that they didn’t got banned in the eu