Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.

Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla’s billionaire CEO had promised a “major rebound” was coming last month, adding to a recent buying frenzy among investors.

They were selling on Wednesday, pushing the prices down more than 4% in early afternoon trading.

  • korsystems@lemmy.ml
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    3 hours ago

    Never understood the appeal of Teslas. I tried one once and the finishes are truly the worst I’ve ever seen in a car. Inside the vehicle, it’s really Dacia tier

    • Xande@discuss.tchncs.de
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      1 hour ago

      It’s like with Apple and their overpriced stuff… Well marketet and a rich posterboy.

  • Kickforce@lemmy.wtf
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    18 hours ago

    I read Musk fired the Tesla manager for Europe and North America over the low sales, as if those weren’t a direct result of Musk’s own actions. Like there is only one person responsible for pushing the stupid cybertruck and for associating the brand with fascism.

  • NutWrench@lemmy.ml
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    1 day ago

    Could I have a list of these “investors?” Because they sound like fools who deserve to be tricked out of their money.

  • dellish@lemmy.world
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    1 day ago

    who had hoped anger toward Elon Musk would have faded by now

    Even fucking goldfish remember what he’s done. He has irreversibly associated Nazism with Tesla at the same time that cheaper and better electric vehicles are coming out of China. The only way is down and that’s not going to change until he is no longer part of Tesla and a lot of time has passed.

          • towerful@programming.dev
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            17 hours ago

            From the wiki, and I’m simplifying:
            VW was handed over to the German government after being offered free-of-charge to Ford in 1948 by the British government (who ran the factory up till then).
            In 1946 the produced 1000 cars per month. In 1949, 2 cars were sold in the US.
            In 1952, 12 VWs were sold in Canada.
            In 1955 they produced over 1 million Beetles.

            So 3 years on life support being ran by the British. Dunno how long being run by the German government before becoming GmbH.

            • matlag@sh.itjust.works
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              17 hours ago

              And at these times, they could claim “Nazism is dead”. The issue with Musk and Tesla is nazis are not going anywhere anytime soon. Maybe they should hire VW’s CEO, actually. He managed to get the brand past the diesel-gate.

              • Redredme@lemmy.world
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                2 hours ago

                The issue with Musk is the very clear meddling in EU politics first, second his insane behavior and third, his Nazi salute.

                If he kept in his lane and just kept his MAGA insanity stateside the Fallout would be a lot less worse.

                But the moment he entered the EU political scene he murdered his brandS in the EU.

                they will never recover. The damage was done at the worst time possible, when kia, Hyundai andthe entire German automobile industry went all out with EVs and China (byd) entered the EU EV market.

                Tesla is done.

                SELL. don’t HODL.

              • towerful@programming.dev
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                15 hours ago

                So, we should be sending people to prison? Cause that’s what happened to people involved in dieselgate. Along with the affected cars being recalled and the owners compensated.

                • matlag@sh.itjust.works
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                  13 hours ago

                  I doubt Elon will go to jail for being an asshole. Tesla may get in troubles for the promises of unsupervised FSD, but that’s not the issue here.

                  I was more thinking about the brand’s reputation recovery.

    • T156@lemmy.world
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      1 day ago

      Eve if he suddenly no longer had influence over Tesla, he’s ruined their reputation enough that others have had time to catch up and make better vehicles.

    • wewbull@feddit.uk
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      1 day ago

      Cheaper and better EVs are here from lots of European, Korean, and (to a lesser degree) American brands.

      It’s been a long time since was “the only choice”.