All the reports say interest in Tesla fading, pictures tell a different story
- Thread starter GON
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Just saw this.
https://finance.yahoo.com/news/tesla-sales-plunged-76-february-152605713.html
“ Tesla’s (TSLA) German sales fell 76% in February to 1,429 cars, a steeper decline than the 60% drop in January, Reuters reports. Earlier this week, data showed that Tesla also suffered major sales declines in Scandinavia and France in February from a year ago. “
https://finance.yahoo.com/news/tesla-sales-plunged-76-february-152605713.html
“ Tesla’s (TSLA) German sales fell 76% in February to 1,429 cars, a steeper decline than the 60% drop in January, Reuters reports. Earlier this week, data showed that Tesla also suffered major sales declines in Scandinavia and France in February from a year ago. “
edyvw
$50 site donor 2025
Different problems.
Tesla has numerous competitors. EV, hybrid or ICE, doesn’t matter.
Amazon has pretty much monopoly on 2nd day delivery, which is problem in itself.
If Tesla had position like Amazon, this would be different conversation. But, no company should have position like Amazon.
Isn't this amazing, Tesla is doing worse than anytime in the last 5 years (or more) and its stock is selling at the highest multiple since around 2000
ONE HUNDRED AND THIRTY times its earnings.
Meanwhile GM with better sales and earnings is less than 8 times earnings
Toyota less than eight times earnings
Either there is something we dont know yet or a lot of people are going to lose money like they have in the last 3 years of sideways movement. Unless you short term trade.
I wonder if it would be enough for Elon to just distance himself from Tesla. No more marketing for Tesla. No more mention of Tesla from his lips. No sticking his fingers in the decisions. But I don't think that is in his nature. I suspect in a few months, when he gets bored with his current endeavor, he will be back to being involved in Tesla. His ego, and his desire to tweak everything, will not allow him to stay away.
Looking doesn't necessarily equal sales. Tesla sales year to date in California feb 2024- feb 2025 are down 12% while ev sales are up 1.5%. Australia is down a whopping 70.1% ytd so far.
Absolutely true. I have seen this time and again.
From my own observations, I strongly doubt this. I see at least three separate groups of Tesla buyers.
First are those that I suspect you are referring to, those that believe in the zero emissions goal, and think that the Tesla is leading the way towards that. They prefer Tesla, because Tesla is all electric, while they feel most other car companies sell EV cars only to pick up a share in the market, while still selling gas/diesel cars.
Second are the techies. They love all the technical gadgetry and development in a Tesla, and they perceive Tesla as being the leader in technology. Even though it is regularly reported that Cadillac and Mercedes both offer a far superior self driving experience, the techie who wants FSD will choose a Tesla.
The third group, of which I can really relate to, are those that are drawn by the attraction of the economy of EV over gas. They may or may not consider the long term economy of battery failure. But they don't care. They won't keep the car that long.
@BHopkins another group is people like me who want to support the local economy and buy American if it makes sense.
@Dave Hess a key reason German sales were down is changeover to the new Model Y Juniper. Among other issues, of course...
Interesting times ahead. If stock and sales slides continue, and it appears likely, what will Musk do?
@Dave Hess a key reason German sales were down is changeover to the new Model Y Juniper. Among other issues, of course...
Interesting times ahead. If stock and sales slides continue, and it appears likely, what will Musk do?
I did have a nice chunk of Tesla stock (over $200K).
I liked the cars but I felt the company was overvalued and benefited from the stock run up.
What would Tesla be today if there were zero EV tax credits ?
Not 1¢ from Gov ????
Yeah, Im waiting for that to happen. It will be interesting IF (and that is a big if) the tax credit goes away how the entire industry maybe affected.
Haven't heard a peep from DOGE about the cost of giving Americans $7,500 to buy an EV. Im waiting for someone in the media to ask why? (we all know I think)
They don't need DOGE for that. Musk has already addressed that, and stated why he is in favor of eliminating the credit.
An EO was signed on 1/20/25 to pave the way to doing just that. Legislation has been proposed to eliminate the credit, and another to impose a 1k fee at the time of purchase, since EV's don't contribute to road tax by purchasing fuel.
edyvw
$50 site donor 2025
Kay reason for German decline is what you stated as “other reasons.” Y is distant other reason.
I simply don’t understand this. Factory that can push 500,000 vehicles and then destroy any chances to be successful bcs. ego, narcissism.
VW helped propel Tesla like nothing else when that dieselgate happened. It seems Musk is returning favor bcs. Absolute winner in this is VW.
edyvw
$50 site donor 2025
Absolutely. He is confident that Tesla owns market. Eliminating tax credit hurts much more other EV’s.
I don't on an EV but e have friends who do and they say they pay an additional tax yearly.
Well aware. My State does the same. But not every State does, hence the proposed Federal legislation.
And now I hear vows for Canada and EU to impose 100% tariffs on Tesla... Canada is now charging 25% tariffs, taxes, duties and tariffs on taxes and duties for those who cross border shop now, groceries etc. What a snow balling gong show ...
Same here, I'm loyal to my wallet and if I can get a good deal I take it. Having said that there are certain brands and people I won't do business with no matter what. The fact of the matter is I don't dislike Bezos enough I guess. OTOH I'm liking Elon a lot lately but not enough to buy an EV, but that goes for any EV. Go figure.
You've never apparently owned a Tesla nor worked for a dealership and to deal with their terrible customer service. They aren't well designed, minor damage totals out a Tesla that is repairable in other manufacturers. Musk went on and on about once Tesla offers direct insurance will "Significantly " lower the price. Well according to a number of Tesla owners that hasn't happened, nor have quick repairs.
I may be remembering wrong, but I seem to remember that way back in the very infancy of Tesla, when Elon defined his plan, one of the elements was a desire to drive a change in culture, where EV became the norm. I thought he even stated that after his company (Tesla) had developed leading edge EV technology, that he would make that technology public domain, so as to encourage global acceptance of EV across the globe.
It seems that his competitive nature has taken over this goal.
Many states, recognizing that EVs escape paying road tax that is included in buying gas and diesel, have put in place an annual road tax for EVs. This helps make sure that EV owners are paying their share of road tax. Is this what your friends are referring to, when they claim they are paying an additional tax?
I understand this perfectly, and I am aware of it.
I just haven’t heard or seen anything more about it. You are correct with the EO however it was to investigate if I remember correctly, eliminating the EV tax credit as well as some other items.
Maybe it’s just me but out of all these actions that was the one that stood out in my mind with the word directing the agency to investigate. Not directing the agency to eliminate.
I’m aware of all those things, including a neighbor whose rear tail light went out on one side. She drove around the Tesla forever something like it was going to take a long time to get and when she heard the price, she just never repaired it.
However, she has a new Tesla in her driveway as of last month after having the last one for three years.
I’m not saying anything more than they seem to be reliable cars and as far as the insurance, I think we will find that will happen with any electric vehicle. They all will cost more to ensure.
I’ll never own one just because I don’t buy that style car in any brand
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