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- cross-posted to:
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Autos trade group Mobility Sweden said new vehicle registrations of Tesla models were down 80.7% in April amid a backlash against the political activity of CEO Elon Musk.
Tesla registrations were 203 in April, down from 1,052 a year before.
It was one of the worst-performing automakers for the month in the Nordic country, and sat in contrast to an overall 11% rise in new passenger vehicle registrations to 24,292.
Polestar Automotive, a Swedish electric automaker and one of Tesla’s competitors, saw its sales hit 535 in April, an 11.5% increase.
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Fucking about with the workers union also adds to the lack of trust and desire for the brand.
Yeah, I think the union thing and the latest nazi salute form exactly the kind of combination Sweden won’t forgive easily. Tesla’s reputation is completely gone.
Did I miss something? He’s been throwing nazi salutes out this week also?
Just the same two he started with, but we don’t forget in Sweden.
Most people in Sweden appears to have forgotten what party Jimmie Åkesson joined, so I don’t know about that.
Most people in Sweden
According to whom? None in my circle of people anyway.
I base that on election results and the current government
“Most people” in Sweden didn’t vote for SD…
Yet the stock has jumped like 50% while every single indicator is red.
I can’t believe it will last. Bubble has to pop. International sales in the toilet, Cybertruck failing, domestic sales down, supply chains in shock from tariff chaos, and on top of it all, it’s PE ratio makes no sense compared to all other manufacturers.
The entire stock price is based on nothing but Elon Musk and the world is starting to look at him as an idiot.
Some people tend to double down when they notice that they have lost a high percentage
Those are rookie numbers we can get it much worse
“You love to see it” is an expression of satisfaction, amusement, or even mild glee when something good or desirable happens, particularly when it involves someone getting what they deserve or a situation turning out favorably. It often implies a sense of vindication or a feeling of relief that a situation has reached a positive resolution.
As far as I know, there’s fundamentally no particular moral imperative not to buy Tesla – except for Musk. They should chuck him.
- Elon and his brother hold most of the stock. He does not need to be the CEO to control Tesla and profit directly.
- Tesla are garbage cars that keep getting people killed and injured, even getting trapped and burnt to death inside.
- Tesla commits odometer fraud to avoid honoring warranties they sold to their customers.
- Other automakers who have been building cars for decades longer than Tesla have superior electric vehicle offerings, and much cheaper prices.
- Tesla committed rebate fraud in Canada.
- Teslas are one of the most expensive vehicles to insure, because they break down and malfunction at higher rates than other comparable vehicles.
I could go on and on and on, but the above alone should be sufficient.
You don’t know much, hey?
that’s true :)
80% isn’t enough.
im mean, are they even trying?!! :)
push harder people!
Still too many sales.
Not enough.
Yet tesla stock goes up. LOL.
How the fuck is the stock rising?
Oh. Wall Street is a joke. I forgot.
the entire stock market is a made up imaginary scam that all of our companies have forced us to care about by eliminating pension funds as a retirement avenue. i mean. the entire monetary system, but the stock market especially
Yet tesla stock goes up. LOL.
How the fuck is the stock rising?
It’s down quite a bit this year:
It’s down quite a bit this year:
Yes and that seems to be mostly from the inauguration, Nazi salute and DOGE, january through March.
But if you look from when the tariffs were announced in the start of April, and most of American stock is down in that period. Then Tesla has done pretty well in April compared to most, despite being a company that will be hit hard by the tariffs.
Gamblers. Shorting the stock is still a show of support. If you don’t like Musk, stop betting for or against the stock. Don’t be greedy.
what? shorting the stock is literally the same as selling shares
when you short, you sell someone else’s shares that you don’t own with a promise to buy them back at whatever it costs when you exit your position
(if the price goes up you’re forced to buy for higher and you lose money; if the price goes down you buy for a lower price and you make money)
Is the value you’re setting your short to still higher than comparable stocks like, say, Toyota’s? You’re still ‘selling’ at irrational prices. Algorithms still sees these as market movement and you just serve as insurance policy for Tesla.
Tesla stock is up because the board has quietly indicated that they are searching for someone to replace Musk
Quietly? I literally read about it yesterday right here. Do you mean like they’re calling newspapers, but whispering?
It wasn’t a statement to the press. It was leaked. That means that the whole board likely was not ready to announce it or that they’re trying to keep it on the down low, where mostly just investors will see it and act accordingly.
Why does everything have to be an argument?
At this point, my grudge is with the entire board and any investors who didn’t sell their shares when they were over $400 and the CEO was tweeting hate speech and throwing Nazi salutes. Elon can walk away or stay, I don’t care. If you hold Tesla stock, you are either a Nazi or ok with Nazis. I will never pass a Tesla without spitting on it.
I went so far as to trade my S&P500-flavored index funds for large cap value-flavored ones so I could avoid holding TSLA even by association. It’s so stupid how that moist waste of carbon-based material turned something as silly as an electric car brand into a political totem of autocracy.
Yeah I would never ever buy one, especially when there are better options anyway like Polestar and Rivian
Traded my Tesla for a Polestar 3. While it does have some weird software quirks and issues, it’s overall been great. Tesla has had a long time to polish their software compared to just about everyone else.
I expected software issues from a company still early into their ecosystem, but it’s base is Android Automotive so it’s not entirely the terrible in car systems like most legacy automakers.
I hope the Polestar puts a smile on your face! I’ve always thought they were cool since they started showing up around my area.
“Quietly indicated.” They intentionally leaked that story to bring up the stock price.
Possible! Companies do things like that all the time
Will removing him as CEO really matter? As long as he’s as heavily invested in the company as he is, its gains are his gains.
I dubt they can save the company anymore.
Musk loves the letter X, maybe they will make XXX robo cars?
Sexbot transformer cars?
More than meats the eye?
Yeah, except it will be just people in robot costumes because his robot tech will only be ready by “next year”.
Exactly, and only Musk can make them! And he claims they have the technology NOW, so it will definitely be available NEXT year! It will be the biggest production boost in history EVER!
Maybe if they pull a Boeing and
assassinatethe guy bringing their stock down commits suicide…
It matters in the court of public opinion. Most consumers don’t understand anything about corporate politics. CEOs are often just fall guys for evil companies.
It’s still the most overvalued stock on the US ticker and it’s not even close.
Even in the most charitable reading of the future, Tesla chooses a responsible leader, successfully course-corrects, and becomes “just a car company.” The techbro futurist hype goes away, and the value tanks back to reality.
it seems the stock is based on elon musk, and no others, releasing a mass market ready generalized artificial intelligence in the next 6 months.
6 months in musk time is like 25 years from now
Agreed
hey if they leaked it to see the reaction and it was good, perhaps that’ll seal the deal that they dump musk
… then we continue not to support tesla for all the same reasons because simply kicking him to the curb doesn’t solve any of those issues but now he’s also been fired
Even if the company cans him its not likely to ever recover from all this
Ha
I take comfort in knowing that their sales were already bad before all of this
Good.
I have literally since they were released wanted a Tesla…right up until he decided to start this right wing bullshit.
I have for a few years now said if in 2015 he decided to become a recluse and just revel in his companies grandeur he might be the next Edison or maybe more accurately Ford. Possibly Hughes.
Now we are aware of how much of a petulant, unfunny child this dickhead is. He and his reputation is ruined.
I was going to buy a Tesla in 2021, the only reason I didn’t was I needed a car immediately and they had a several month waiting list. If it had been available, I would’ve taken it. Even test drove one. Now, I will never buy a Tesla. I would rather have a Rivian anyway.
But Ford was a nazi too.
while he was alive this was less known, pretty much his point. 🤡
I even bought LOL-GAS personalized plates, in anticipation of buying a Tesla, but that aint happening now. I still have the plates, though, so maybe one day they’ll adorn a Chinese EV…
