Autos trade group Mobility Sweden said new vehicle registrations of Tesla models were down 80.7% in April amid a backlash against the political activity of CEO Elon Musk.
Tesla registrations were 203 in April, down from 1,052 a year before.
It was one of the worst-performing automakers for the month in the Nordic country, and sat in contrast to an overall 11% rise in new passenger vehicle registrations to 24,292.
Polestar Automotive, a Swedish electric automaker and one of Tesla’s competitors, saw its sales hit 535 in April, an 11.5% increase.
Still too many sales.
Take it to zero!
Yet tesla stock goes up. LOL.
How the fuck is the stock rising?
Oh. Wall Street is a joke. I forgot.
Tesla stock is up because the board has quietly indicated that they are searching for someone to replace Musk
Will removing him as CEO really matter? As long as he’s as heavily invested in the company as he is, its gains are his gains.
At this point, my grudge is with the entire board and any investors who didn’t sell their shares when they were over $400 and the CEO was tweeting hate speech and throwing Nazi salutes. Elon can walk away or stay, I don’t care. If you hold Tesla stock, you are either a Nazi or ok with Nazis. I will never pass a Tesla without spitting on it.
I went so far as to trade my S&P500-flavored index funds for large cap value-flavored ones so I could avoid holding TSLA even by association. It’s so stupid how that moist waste of carbon-based material turned something as silly as an electric car brand into a political totem of autocracy.
Yeah I would never ever buy one, especially when there are better options anyway like Polestar and Rivian
It’s still the most overvalued stock on the US ticker and it’s not even close.
Even in the most charitable reading of the future, Tesla chooses a responsible leader, successfully course-corrects, and becomes “just a car company.” The techbro futurist hype goes away, and the value tanks back to reality.
it seems the stock is based on elon musk, and no others, releasing a mass market ready generalized artificial intelligence in the next 6 months.
“Quietly indicated.” They intentionally leaked that story to bring up the stock price.
Quietly? I literally read about it yesterday right here. Do you mean like they’re calling newspapers, but whispering?
It wasn’t a statement to the press. It was leaked. That means that the whole board likely was not ready to announce it or that they’re trying to keep it on the down low, where mostly just investors will see it and act accordingly.
Why does everything have to be an argument?
hey if they leaked it to see the reaction and it was good, perhaps that’ll seal the deal that they dump musk
… then we continue not to support tesla for all the same reasons because simply kicking him to the curb doesn’t solve any of those issues but now he’s also been fired
Yet tesla stock goes up. LOL.
How the fuck is the stock rising?
It’s down quite a bit this year:
It’s down quite a bit this year:
Yes and that seems to be mostly from the inauguration, Nazi salute and DOGE, january through March.
But if you look from when the tariffs were announced in the start of April, and most of American stock is down in that period. Then Tesla has done pretty well in April compared to most, despite being a company that will be hit hard by the tariffs.
Gamblers. Shorting the stock is still a show of support. If you don’t like Musk, stop betting for or against the stock. Don’t be greedy.
what? shorting the stock is literally the same as selling shares
when you short, you sell someone else’s shares that you don’t own with a promise to buy them back at whatever it costs when you exit your position
(if the price goes up you’re forced to buy for higher and you lose money; if the price goes down you buy for a lower price and you make money)
Tesla has and is doing exactly what Musk said the goal was for Tesla, long ago. To spur EV sales for other competitors, since Tesla could never meet a full market demand. Congrats Elon, you not only did that, you’ve backed away to give everyone a bigger share of the market. You genius.
Oh, what? You didn’t mean to do this? Are those tears? Be a big boy and suck it up.
“You love to see it” is an expression of satisfaction, amusement, or even mild glee when something good or desirable happens, particularly when it involves someone getting what they deserve or a situation turning out favorably. It often implies a sense of vindication or a feeling of relief that a situation has reached a positive resolution.
