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.
I know I will never buy a Tesla.
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.
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?
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.
Why would Elon care now? He got something better already… Control of the whole country
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.
You say that, but a lot of his wealth in other things is from leveraging TSLA. If that drops it might have a cascade effect.
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.
Top Two Reasons to Not Purchase a Tesla EV:
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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
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Won’t work with my fucking iPhone, and buddy, I love this here iPhone
Won’t work with my fucking iPhone
Well …… it can use your iPhone (and Apple Watch) as a key, it can use your iPhone over Bluetooth, and it has an iPhone app that can do many things.
…. Just not CarPlay
TSLA is still up over 2x on the year… the remains work yet to do.