Anonymous wrote:

Anonymous wrote:Germany got rid of the EV tax credits in 2024. All the EV sales dropped. Economy is partially in recessions.

Tesla was down 50% in Europe. They have not changed or updated their products in almost ten years. Plus European do not like unelected extremists.

I think Musk was just trying to stop the Chinese cars for coming in to the US. If the Chinese car are allowed in here they will dominate the market. A $14-$25k priced car will sell and dominate the market even if it is an EV. Average new car(gas, EV, whatever) cost in America was $48k. The Chinese are treating cars like phone. They have plans available to trade out your old car for a new better one after a year. It is really insane.

Anonymous wrote:Germany got rid of the EV tax credits in 2024. All the EV sales dropped. Economy is partially in recessions.

Anonymous wrote:I read the morning star report on Tesla, and I took away that their valuation is not based on them selling cars at all but on theoretically coming out with robotaxis and AI...something.

So I guess the car sales are almost irrelevant? The value of the car business is so far removed from the stock price, or even a place like Morningstar's valuation which is much lower than the current stock price?

Anonymous wrote:Don't celebrate just yet. People have very short memories, and some of these "lost" buyers are MUCH smaller dips in France and the UK (the UK has a ~12% dip if I recall), and other European countries, than in Germany, and that's probably due to the Nazi salute, support for AFD, and general neo-nazism trumpeted by Elon right now. Some Germans might vote for AFD, but they don't want an outsider telling them what to think. But again... people have short memories.

Don't count him or his cars out, sadly.

Tesla’s sales have dropped nearly 60% in January in Germany compared to the same period last year. The same thing is happening throughout Europe.
Earlier this week, we reported that Tesla’s sales crashed throughout all European markets in January.

The two main reasons are believed to be the introduction of the new Model Y and the disapproval of Tesla CEO Elon Musk and his meddling in politics, which is especially not appreciated in Europe.
At the time, we didn’t have the number from Germany, but now we do.

Reuters reported that Tesla’s sales were down 59.5% in January:
German road traffic agency KBA’s website on Wednesday showed the number of newly registered Tesla cars fell 59.5% to 1,277 in January, while the overall German market was down just 2.8% at slightly more than 207,000 vehicles during the month.
This is undoubtedly a Tesla problem because the German auto market was down just 2.8% in January, and the battery-electric market was up 53.5% during the period.