this post was submitted on 26 Feb 2025
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World News

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Summary

Tesla’s European sales plunged 45% in January, while the EV market grew 37%, with rivals like Volkswagen and Renault gaining ground.

Production changes for the Model Y is claimed to contribute to lower sales, but Elon Musk’s political controversies also sparked backlash.

Musk’s support for far-right parties and attacks on European leaders have made him unpopular, as polls show negative perceptions in Germany and the UK.

Tesla’s struggles come as European automakers face stricter emissions targets, increasing competition in the region’s growing EV market.

(page 2) 31 comments
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[–] [email protected] 9 points 1 day ago* (last edited 1 day ago) (1 children)

I should go check my Volkswagen stocks.

EDIT: They're down -25% total, a huge improvement!

[–] [email protected] 6 points 1 day ago* (last edited 20 hours ago) (2 children)

Last 5 years +4.92%

Last 1 year +7.09%

Last 6 months +7.09%

Last 1 month +7.09% (no I'm not mixing up numbers these are actual numbers, its the same number thrice)

Last 5d +6.46%

Last 1d +0.93%

Looking good, seems like you chose an unfortunate moment to invest.

Edit: +21.97% in 2025 so far. Probably correlates with declining Tesla sales?

[–] [email protected] 1 points 1 day ago (1 children)

Which Volkswagen stock are you looking at, there are several.

[–] [email protected] 1 points 1 day ago (1 children)
[–] [email protected] 1 points 1 day ago

I dont have that one.

[–] Tja 1 points 1 day ago (1 children)

Looking good? A boring etf givens you around 7% per year, getting 5% (total) over 5 years is pretty bad...

[–] [email protected] 1 points 1 day ago (1 children)

Looking good as in they're doing fine

[–] Tja 2 points 1 day ago

Underperforming the market by 30% is not looking good, or doing fine.

[–] [email protected] 14 points 1 day ago
[–] [email protected] 3 points 1 day ago

That's really unfortunate

[–] [email protected] 11 points 1 day ago (2 children)

I still don't get how is Telsa 20 times bigger than Toyota.

It's great thanks to Musk, Telsa could become a viable auto maker which in the current industrial context is already amazing, especially with production in place with expensive labour (Which is a great thing too)

However, it's not like other auto manufacturer would disappear from the market and it seems easier to add an electric system over an existing basis than to build a new car from scratch, let alone Chinese trying to enter the global market (and BYD is growing quickly in Europe) and Indian which will do the same at the point.

So not really a surprise that Tesla sales start to drop, especially when adding that nazi did good car isn't a reason to support nazi

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[–] [email protected] 6 points 1 day ago
[–] [email protected] 2 points 1 day ago

just like 1945?

[–] [email protected] 2 points 1 day ago

Unfortunately I believe that he does not give a shit.

[–] [email protected] 1 points 1 day ago

That is fucking wild!

American Speedrun to the ground.

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