290
submitted 5 months ago by MicroWave@lemmy.world to c/politics@lemmy.world

Summary

Tesla is facing a steep global sales decline, with drops of 63% in France, 59.5% in Germany, and 11.5% in China.

Analysts attribute this to growing competition, economic concerns, and backlash against Elon Musk’s support for Donald Trump.

Investors worry about potential tariffs from the Trump administration, which Tesla admits could impact its supply chain and profitability.

The company has not released a new model since late 2023, and Tesla stock has fallen from $480 in December to around $350. Some investors call this a "Trump-lash" against Musk and Tesla.

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[-] TheDemonBuer@lemmy.world 67 points 5 months ago

I know I will never buy a Tesla.

[-] snekerpimp@lemmy.world 45 points 5 months ago
[-] hddsx@lemmy.ca 20 points 5 months ago

Stolen joke, but Teslas aren’t Nazi cars. The nazis made good cars

[-] DaddleDew@lemmy.world 7 points 5 months ago* (last edited 5 months ago)
[-] drekloge@lemmy.today 1 points 5 months ago

Lol. Took me a sec.

[-] radiohead37@lemmynsfw.com 38 points 5 months ago

It can’t be overstated how toxic Musk is to the Tesla brand. He is alienating the people who are most likely to buy an electric car. He may think that the democrats are in the bag and now he is courting republicans, so he can sell electric cars to them too. Well, the sales numbers speak for themselves.

[-] drekloge@lemmy.today 5 points 5 months ago

I bought a model 3 in 2019 thinking I was doing a good thing being a relatively early adopter. Now I'm stuck driving this stupid thing. Who the hell is going to buy a used swasticar?

[-] notsoshaihulud@lemmy.world 4 points 5 months ago
[-] drekloge@lemmy.today 7 points 5 months ago

But I thought they only used Uhauls...

[-] BeigeAgenda@lemmy.ca 3 points 5 months ago

You are excused, as people talk about the Thai cave in 2018 was one of the earlier signs that something was not alright with musk.

My colleagues brought Teslas in 2023 some months after he brought twitter. And voiced my concerns: Do you know he is weird and is known for disabling cars of people who disagree with him on twitter.

[-] BassTurd@lemmy.world 2 points 5 months ago

I'm not a bumper sticker guy, but I'd plaster a billboard on my Tesla with that information if I were in your position. Can't have people getting the wrong impression.

[-] mtoboggan@feddit.org 32 points 5 months ago

I‘d always planned on buying a Tesla one day. Musk is the main reason for me never to buy one. The lack of support for Apple Carplay is the second one.

[-] JudahBenHur@lemm.ee 1 points 5 months ago

Top Two Reasons to Not Purchase a Tesla EV:

  1. Company run by man who recently openly did the ol' zieg heil and is helping a monster who led a violent insurrection perform a digital, soft coup from within the halls of power

  2. Won't work with my fucking iPhone, and buddy, I love this here iPhone

[-] Elextra@literature.cafe 17 points 5 months ago

Why would Elon care now? He got something better already... Control of the whole country

[-] partial_accumen@lemmy.world 2 points 5 months ago

His control is contingent on his wealth. A very sizable portion of that wealth is represented by Tesla stock (TSLA). If the stock price declines, his wealth does too. That isn't to say if Tesla stock went to zero he'd be poor. He'd still be have something like $200B, but that's less than half what he's worth right this second.

[-] earphone843@sh.itjust.works 12 points 5 months ago

This sparks joy

[-] AlecSadler@sh.itjust.works 5 points 5 months ago

Good.

An insane friend of mine put 100% of their 401k into Tesla, they're way up right now, but continuing to doubling down for some insane reason. May their portfolio rest in pieces.

[-] partial_accumen@lemmy.world 2 points 5 months ago

Tesla stock is down 15% in the last 5 days, and as of this writing, 5% just today. If he had $100,000k in his 401k 5 days ago, its only worth $85k right now.

Tell your friend that Elon's brother Kimball sold $28 million of Tesla stock 5 days ago right before elon's announcement he wants to buy OpenAI. Kimball is a Telsa board member. Ask your friend if Elon and Kimball are selling, why is your friend still holding?

[-] mako@lemmy.today 5 points 5 months ago

I can't believe people don't want to drive their own swaskicar.

[-] Placebonickname@lemmy.world 3 points 5 months ago

I wasn’t gonna buy one anyway cause I am a broke bastard that is getting every dollar I can out of my 2005 Prius.

this post was submitted on 11 Feb 2025
290 points (99.3% liked)

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