Utopia Talk - Politics - Tesla Dying in April Sales

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Utopia Talk / Politics / Tesla Dying in April Sales

williamthebastard
Member Fri May 02 10:07:13
Europeans continue to shun Tesla as April sales plunge

May 2 (Reuters) - Tesla's (TSLA.O), opens new tab sales plunged across Europe in April, including an 81% drop in Sweden to their lowest level in 2-1/2 years, data showed on Friday, as Europeans buy more Chinese EVs and some protest against CEO Elon Musk's political views.

In Sweden, Tesla's new car sales in April plunged 80.7% to their lowest since October 2022. Its sales in the Netherlands fell 73.8% to their weakest for that month since 2022 and were down 33% in Portugal, a bigger drop than the previous month.
Sales in Denmark dropped 67.2%, data showed on Thursday, while France reported a 59.4% fall.
The figures will increase doubts about whether the launch of a revamped Model Y in some countries can revive Tesla's fortunes in Europe.

Meanwhile, the group is offering car loan discounts and other financial incentives for new purchases of its existing models in Norway, Sweden, Germany and Britain, in a bid to drum up demand.

REPUTATIONAL HIT'
Musk's embrace of far-right politics in Europe has led to protests against the billionaire CEO and the company, as well as vandalism at its showrooms and charging stations across the U.S. and Europe.
"The brand has taken a reputational hit here in Europe," said Electrifying.com CEO Ginny Buckley, adding that 59% of respondents said that Musk had made them less likely to buy a Tesla

In the same period, its Chinese competitors BYD (002594.SZ), opens new tab, Chery (CHERY.UL) and SAIC (600104.SS), opens new tab recorded increases of 223%, 2,467% and 4% respectively in combined sales of battery-electric and plug-in hybrid vehicles in the EU, data released on Friday by research firm Rho Motion showed.

http://www...rkets-plunge-april-2025-05-02/

Average Ameriacn
Member Fri May 02 10:51:50
Opens new tab?

williamthebastard
Member Fri May 02 11:35:15
They want to open a new tab for suppliers cos theyre outta cash right now

murder
Member Fri May 02 16:15:22

"Opens new tab?"

If you click on the stock symbol on the Reuters site, it opens in a new tab.

And of course Tesla's stock is up. lol :o)

williamthebastard
Member Fri May 02 16:28:44
"And of course Tesla's stock is up. lol :o)"

At this point, the only people buying Tesla stocks are the major investors panicking at losing all the money of the stock crashes

williamthebastard
Member Fri May 02 16:29:09
all their money if the stock crashes

tumbleweed
the wanderer Fri May 02 19:00:53
all US products (& tourism) will be hurt around the world thx to dear leader

show deleted posts

williamthebastard Member	Fri May 02 10:07:13 Europeans continue to shun Tesla as April sales plunge May 2 (Reuters) - Tesla's (TSLA.O), opens new tab sales plunged across Europe in April, including an 81% drop in Sweden to their lowest level in 2-1/2 years, data showed on Friday, as Europeans buy more Chinese EVs and some protest against CEO Elon Musk's political views. In Sweden, Tesla's new car sales in April plunged 80.7% to their lowest since October 2022. Its sales in the Netherlands fell 73.8% to their weakest for that month since 2022 and were down 33% in Portugal, a bigger drop than the previous month. Sales in Denmark dropped 67.2%, data showed on Thursday, while France reported a 59.4% fall. The figures will increase doubts about whether the launch of a revamped Model Y in some countries can revive Tesla's fortunes in Europe. Meanwhile, the group is offering car loan discounts and other financial incentives for new purchases of its existing models in Norway, Sweden, Germany and Britain, in a bid to drum up demand. REPUTATIONAL HIT' Musk's embrace of far-right politics in Europe has led to protests against the billionaire CEO and the company, as well as vandalism at its showrooms and charging stations across the U.S. and Europe. "The brand has taken a reputational hit here in Europe," said Electrifying.com CEO Ginny Buckley, adding that 59% of respondents said that Musk had made them less likely to buy a Tesla In the same period, its Chinese competitors BYD (002594.SZ), opens new tab, Chery (CHERY.UL) and SAIC (600104.SS), opens new tab recorded increases of 223%, 2,467% and 4% respectively in combined sales of battery-electric and plug-in hybrid vehicles in the EU, data released on Friday by research firm Rho Motion showed. http://www...rkets-plunge-april-2025-05-02/
Average Ameriacn Member	Fri May 02 10:51:50 Opens new tab?
williamthebastard Member	Fri May 02 11:35:15 They want to open a new tab for suppliers cos theyre outta cash right now
murder Member	Fri May 02 16:15:22 "Opens new tab?" If you click on the stock symbol on the Reuters site, it opens in a new tab. And of course Tesla's stock is up. lol :o)
williamthebastard Member	Fri May 02 16:28:44 "And of course Tesla's stock is up. lol :o)" At this point, the only people buying Tesla stocks are the major investors panicking at losing all the money of the stock crashes
williamthebastard Member	Fri May 02 16:29:09 all their money if the stock crashes
tumbleweed the wanderer	Fri May 02 19:00:53 all US products (& tourism) will be hurt around the world thx to dear leader
	show deleted posts

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