The sales of vehicles made by Musk's Tesla fell sharply in the European Union in the first months of 2025.

Summary

Tesla’s EU vehicle sales dropped 49% in January and February 2025, with registrations falling to 19,046.

Analysts link the decline to Elon Musk’s political alignment with Trump and nationalist European parties, sparking backlash, including arson and vandalism at Tesla facilities.

Compounding issues, newer Chinese-made EVs are surpassing Tesla sales in Europe, with Tesla’s market share falling from 18.4% to 7.7% year-to-date.

  • Buffalox@lemmy.worldEnglish
    15·
    3 days ago

    I saw a clip from some TV station, with someone claiming people should buy Tesla now, because it will never get this cheap again.
    And then he raved on about how Musk is a tech genius, who would make Tesla a robot/ai company.

    Idiots like that cannot be helped. Even if Musk succeeds with AI which is unlikely, chances are slim that it will be Tesla that benefit from it. Robotaxi is not even close. And chances are that Musk ruined the chance for Tesla to actually compete on it, when he decided against using lidar.

    Unless Tesla cook the books for Q1 2025, Tesla stock is likely to take another huge nosedive when the financial report comes out.
    Sales have plummeted violently, so unless they book the cars on storage at unrealistically high values, the result for Q1 will probably be in the red.
    You simply can’t have a company that operates at less than 10% margin, lose almost half their revenue, while still having the cost of production capacity, without also having serious losses.