Summary
Tesla’s European sales are plummeting, with Germany seeing a 60% drop despite strong EV growth. Similar declines hit Norway, Sweden, and France.
While some blame the Osborne effect—buyers delaying purchases for a refreshed Model Y—Musk’s endorsement of Germany’s far-right AfD may also be repelling customers.
Online backlash has linked Tesla to fascist imagery. In contrast, UK sales fell only 7.8%, suggesting political factors play a role.
With strong domestic EV competition in Europe, Tesla’s reputation crisis could further hurt demand.
My understanding ia that they get carbon credits for producing EVs which they then sell to carbon producers to offset. They also produce batteries.
That being said, its not going to take a deep dive unless they have consecutive missed eps targets. Even then though, part of Elons MO is to promose some visonary tech that takes year to peoduce so just sitbtight man becauae im telling you its coming…
This time around its robots for the home. Laughable not because we dont have the technology, but who has the disposable income to afford it? Even if they come out, and it turns out people buy them (which also means not heing turned off by musk); where is the moat? What stops a competitor like boston dynamics, samsung, etc from seeing it as validation of a market and then entering it?
Even if Musk wasn’t a Nazi, he’s still a big enough douchebag that I wouldn’t want to buy a car associated with him. And even if he wasn’t a douchebag, the Cybertruck has demonstrated what kind of stupid shit Tesla does when they take orders from him. And even without Musk’s influence, I still wouldn’t buy a Tesla because there are so many other options on the market, and people have gotten very vocal about things like the build quality of Tesla cars.
That’s gotta start hurting their stock price at some point.