"Nobody lost more money Monday as the stock market reacted to President Donald Trump’s tariffs than Elon Musk, Trump’s self-described “first buddy” and the world’s richest person, as shares of Musk’s electric vehicle company Tesla struggled."
Tesla shares lost 5.17% of their value and Musk lost $11.8 Billion from his net worth.
Musk Net Worth Falls $12 Billion As Tesla Stock Reels From Tariffs https://search.app/TgYXUJYJASCwqhKM9
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European sales figures for Tesla, comparing January 2024 to January 2025, show an almost 50% drop in sales.
I did Nazi that coming...
https://electrek.co/2025/02/03/tesla-tsla-sales-are-dropping-like-a-rock-in-europe-but-its-not-just-because-of-elon-musk/
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In China, Tesla's biggest market outside the U.S. sales were up in 2024, but their actual market share went down. Their share of the Chinese EV market went from 7.6% in 2023 to 6% in 2024. This was mostly down to having aging models in an increasingly competitive market. 2025 is forecast to be the year where Chinese branded EVs overtake and outperform Tesla in the Chinese market in a big way.
And this was all before Trump started a trade war with China....
https://www.cnbc.com/2025/01/06/tesla-china-sales-2025-as-competition-heats-up-.html
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In Australia, Tesla also saw a 33% drop in sales in January 2025 compared to January 2024.
Was it something somebody said ?
https://thedriven.io/2025/02/04/tesla-sales-crash-in-australia-as-musk-impact-has-consumers-looking-for-another-brand/
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Bonus points in the Don't buy Nazi cars competition have got to go to Norway. Not only did they see a 38% drop in Tesla sales last year, this was in a rapidly increasing market for EVs. In Norway, EV sales accounted for an amazing 96% of all new vehicle sales last year.
Boycotting Nazis AND saving the planet? I'm in!
[#]ClimateAction
https://thedriven.io/2025/02/04/norway-ev-share-hits-96-pct-in-january-as-toyota-tops-list-and-tesla-slumps/#amp_tf=From%20%251%24s&aoh=17386706772412&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fthedriven.io%2F2025%2F02%2F04%2Fnorway-ev-share-hits-96-pct-in-january-as-toyota-tops-list-and-tesla-slumps%2F
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Now this one has got to hurt. In Ireland, Tesla was the Number 1 selling electric car brand last year.
The sales figures for January show that it's not even in the top ten. It was beaten by Volkswagen, Kia, Hyundai, Nissan, Peugeot, Volvo, Byd, MG, Ford and Skoda.
Musk is a feckin' eedjit.
https://www.thejournal.ie/ireland-electric-vehicles-tesla-drops-out-top-selling-brands-6613362-Feb2025/
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In the U.K. Tesla sales dropped a measly 12% in January compared to January last year.
In the Don't buy a Nazi car competition, the U.K. seems to be lagging behind other countries, but this headline figure is misleading. It doesn't account for the fact that, overall, EV sales in the U.K. got off to their best ever start to the year and jumped by 35% in January.
Tesla's U.K. market share is now down to 5%.
https://www.uktech.news/evs/tesla-sales-sunk-12-in-january-despite-best-ever-start-to-the-year-for-ev-market-20250204
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In the Don't buy a Nazi car competition, Germany just wiped the floor with everybody else.
In January 2025, EV sales increased 53.5% from January 2024. At the same time, Tesla sales just dropped by a staggering 59%.
The Tesla market share in Germany just went from 14% to 4%.
Germany, we salute you!
https://www.tagesschau.de/wirtschaft/konjunktur/e-autos-januar-100.html
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@ProjectFearlessness go Spain!🇪🇸
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@ProjectFearlessness The UK figure is illuminating. But yeah, go Spain!
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@Janeishly @ProjectFearlessness unfortunately the UK remains a fascist state full of far right Nazis, billionaire owned media & angry racists, of course they absolutely love apartheid Clyde's overpriced shit boxes...
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@Janeishly
I wouldn't read too much into month on month sales figures in the U.K. Tesla sales figures have been trending downwards since a peak in 2023. We could infer that the rest of Europe have suddenly realized that Musk is a Nazi, which the U.K. has known for a while. But these are just month on month sales figures.
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@Janeishly @ProjectFearlessness
Fleet sales would probably factor in somewhat here, for tax reasons a lot of corporate purchasers switched to Tesla for company cars etc. Historically Teslas have held their value at the end of the 3 year leases meaning they are cheap to lease.
What will be interesting is if sales of used Teslas start to dry up, causing prices to fall and consequentially lease costs to go up.
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@CuterwithCatEars @Janeishly
Following the salute, there were some fairly large fleet cancellations in Germany. These were ethical rather than financial decisions. If Musk's actions can persuade big companies to cancel even though it will cost them more, he's in trouble.
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@ProjectFearlessness he's probably going to sue all those people who didnt buy a tesla ...
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@ProjectFearlessness
"I did n̶o̶t̶ ̶s̶e̶e̶ Nazi that coming…" 👍 🤣
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@65dBnoise I wish I could take credit for that joke, but it was actually used by Musk himself when he tried to laugh off his Nazi salute. I just thought it was a fun time to repeat it.
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@ProjectFearlessness
Very fitting to the circumstance indeed.
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@ProjectFearlessness
de SALES?
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@dekks
Sorry, not all European sales figures are on this chart. It's taken from an article published a couple of days ago. I'm not sure if all countries have reported their figures yet.
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@ProjectFearlessness
Scandinavian results are no surprise given Tesla's union issues, But the factory is in DE so sales there may be interesting.
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@dekks
It will be interesting. I can't find any sales info for January, but 2024 saw a 41% drop in Germany for Tesla sales compared to a 27% drop in sales for all electric vehicles. They only sold 38,000 cars in total, and that was before the Nazi salute.
Germany’s EV sales crash as buyers abandon electric cars in droves | Fortune https://search.app/jCmw6PPnijb8zxsDA
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@ProjectFearlessness @dekks
It would behoove Germany to offer the 5 passenger VW Hippie Van relaunch in the US. I had my heart set on that as my next vehicle and they blew it by only offering the 7/8 seat van.
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@CatHerder @dekks
With the German car industry in crisis mode and the EU bracing for U.S. tariffs, you may be waiting quite some time for that. Have you seen the electric conversion kits for the original VW Campers?
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@ProjectFearlessness @dekks
No, I haven't and wouldn't have a clue about taking on a project like that.😂 😱 🚙 Yikes!
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@ProjectFearlessness The people in Europe still buying Teslas must be either the most stupid people on earth or the most evil ones.
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@sergiotarxz @ProjectFearlessness Some of them also couldn't care less what Musk does because they don't think it affects them, so they buy Tesla anyway. I've met some of those.
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@veronica @sergiotarxz @ProjectFearlessness which is then option 1
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@ProjectFearlessness
https://www.bnnbloomberg.ca/business/2025/02/03/tesla-sales-plunge-63-in-france-the-eus-second-biggest-ev-market/
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@Remittancegirl France is doing well on 63% decrease in Tesla sales, but Spain is winning on 75%. Not that it's a competition. OK, it's a competition, a don't buy a Nazi car competition. Good luck!
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@ProjectFearlessness Wow. I didn't see that. Spain got pretty crazy for them until recently. I'm glad to see the sales have tailed off!
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@ProjectFearlessness @Remittancegirl
[#]schwasticars are out.
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@ProjectFearlessness there are way better EV's than Tesla available all over Europe - I was visiting relatives in SE England last weekend and stopped at South Mimms (as its a long drive from where I live) and there were way more non-Tesla EVs at the charging stations, and it was only a month ago when I last made the same journey..
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@vfrmedia
Yes, say this quietly, but a fairly big chunk of Tesla's sales decline is because they haven't innovated and all the competition are catching up and overtaking them. The Nazi salute will just accelerate what was already happening.
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@ProjectFearlessness I'd prefer it if they weren't drilling and exporting oil at such a fast rate, but this is great to see.
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@ProjectFearlessness
The reason Norway has such high EV adoption is purely financial: The government axed the 25 percent VAT on car purchases for EVs. Similar idea to the $7500 rebate for EVs in the US.
More from a recent article here:
https://english.elpais.com/economy-and-business/2025-01-16/why-90-of-cars-sold-in-norway-are-electric-vat-exemptions-free-tolls-and-taxes-on-combustion-vehicles.html
[#]taxpolicy #evs #norway #vat
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@Ehay2k
You're right. The government giving financial incentives for people to adopt green technology is a great thing.
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@ProjectFearlessness
I'd tweak your comment and say that "The government giving financial incentives to encourage people to do the right things" is a pivotal part of governance.
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@ProjectFearlessness public transport and better comma infrastructure (and equitable access) would save the planet more
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@MxVerda
In fairness Norway is one of the least densely populated countries in the world. Public transport there is good, but it's not going to address every transportation problem.
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@ProjectFearlessness @MxVerda
It needs saying over and over. EVs are not a silver bullet for climate change, but they are at the present point in time an important element alongside other measures. Even in the Danish countryside where I live actually useful public transportation is at best a decade out, and I dream of the day my household only needs one car, the shift to EVs is now.
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@SuneAuken @MxVerda
Exactly this. The future is all public transport, but that journey to the future has to be by car for a lot of us.
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@SuneAuken @MxVerda @ProjectFearlessness and they a joy to drive ❤️.
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@pms @MxVerda @ProjectFearlessness They are too. And much more practical in everyday life.
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@ProjectFearlessness It's going to be much harder to punish the other billionaires, but this is a good start!
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@kimlockhartga It's definitely a morale booster. We don't have a lot of weapons against the billionaires, but spending power is one of them.
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@ProjectFearlessness hear hear!
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@ProjectFearlessness
I'm thinking this is a...generous assessment....
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@cavyherd
I'd like to think it was more understated, but yes.
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@ProjectFearlessness
There must be some great bargains out there now. i wish I could afford one, even so.
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@kennethb
I know. I'm still riding my bike, in envy of all the electric cars. Affordability is still a massive issue for EVs, but prices for both new and used are falling. The tipping point will come at some point soon.
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@ProjectFearlessness As a UK citizen, it's sad how surprised and happy it makes me that people in the UK are doing something positive and good.
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@JustinMac84
I know. We've had a rough few years, but there are some green shoots of recovery. You do have to look really hard though...
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@ProjectFearlessness Let's hope so. Not seeing it atm. The UK being one of the few nations to block tax loophole prevention in the UN, not coming out more boldly to support the ICC, the Online Safety Act, The Bank Account Spying Bill, the Data Sharing Bill, the repeal of the Winter Fuel Allowance. Our Government is disappointing.
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@ProjectFearlessness I shall probably buy an EV sometime in the next couple of years.
I don't know yet which one I'm going to buy, but can absolutely promise you that it won't be a #Swasticar.
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@statsguy
I like repeating this fact, so I will. Tesla was number 1 EV brand in Ireland in 2024. In January 2025 it was number 11.
Apart from the welcome fact that Ireland hates Musk, it also means you have at least 10 other brands of EV to choose from. With so many non-Nazi options, Tesla's in big trouble
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@ProjectFearlessness Swasticar sales plummeting. Good.
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@ProjectFearlessness
Where do the VW EVs fit on this spectrum?
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@qurlyjoe
It depends which spectrum we're talking about. Financially, VW is struggling, but remains European EV leader with over 20% of the market. Nazi-wise, they're totally rehabilitated.
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@ProjectFearlessness 🫡
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@ProjectFearlessness at last, something we did that was helpful 🥹
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@ProjectFearlessness
Some Germans are proud to be German because they are German. I am proud to be German when Germans are ruining fascists.
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text/gemini
