Popularity has plummeted in markets like Germany, a country still haunted by its fascist past, where Tesla's share of EV sales plummeted to just 3.7% last month versus 14% a year earlier.

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.

  • prodigalsorcerer@lemmy.caEnglish
    9·
    14 days ago

    The share price isn’t based on car sales. If it were just about car sales, it would be about 10% of the price it is now.

    The share price is mostly ridiculous, but it is also people trying to get in early, on the assumption that they solve FSD, battery storage, Optimus (their robot), and battery manufacturing.

    If they solve all of this, then Tesla could 10x again. It’s very future dependent, and I think that future is a lot longer away than a lot of other shareholders think.

    I got in at ~$20 per share. I’ve significantly reduced my position over the last few months, but I do still believe in the original mission of Tesla. I just don’t think they’re going to get there with Elon.