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.
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
“Quietly indicated.” They intentionally leaked that story to bring up the stock price.
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.
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
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?
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)
Fucking about with the workers union also adds to the lack of trust and desire for the brand.
Yeah, I think the union thing and the latest nazi salute form exactly the kind of combination Sweden won’t forgive easily. Tesla’s reputation is completely gone.
Did I miss something? He’s been throwing nazi salutes out this week also?
80% isn’t enough.
The story of Elon will be a phenomenal one. Icarus af. He could have ended world hunger and much more, but decided to become a nazi cunt and ruin everything. Money can’t buy intelligence.
To become a billionaire you have to be a piece of shit human being. No billionaire is ever going to solve world anything, because again… They are trash human beings.
There are two reasonably good ones, as far as I know - Gabe Newell and Bill Gates.
The rest though… yeah.
The world would be a very different place if every billionaire was anything like those two.
Gates became a billionare by being a trash human being, then probably decided he didn’t want that to be his legacy so he started being somewhat less of one. He’s doing significantly better than most, but still probably a net negative.
Best fucking country, so proud.
As a Scandinavian I too am proud of my brother Sweden. 👍😀
But you have to take it back about being “best”, when you obviously are only 2nd best! 🇩🇰
I don’t think racism is worse here than most places. Most people here who are against emigrants, have no problem with their emigrant neighbor or emigrant green grocer, it’s this weird phenomenon where the ones they know are OK, it’s all the others that are the problem.
Mostly standard fear of the unknown, which is a universal human trait.
I don’t know what makes it the best to you, I personally hate it here and the people/society is pretty selfish and apathetic, so generally not healthy.
