Summary
Tesla’s European market share is declining sharply, with EU registrations dropping 40.9% in November 2024 compared to last year, and year-to-date registrations down 15.2%.
Including the UK and EFTA, Tesla’s registrations fell 13.7% this year.
The drop stems from reduced government EV incentives and growing dissatisfaction with CEO Elon Musk.
Despite Tesla’s decline, overall EV registrations in Europe have remained stable as competing automakers gain ground. Tesla remains the largest EV producer in Europe but faces growing pressure from rivals capitalizing on its waning dominance.
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overall EV registrations in Europe have remained stable as competing automakers gain ground.
Which competing car manufacturers are they so I can invest?
Probably Kia and Hyundai
🤷 for some reason hybrids did really well in Europe this year. Probably because some countries have really shit charging infrastructure but people still want to emit less carbon.
The hybrids are bad though unless you live in a house and charge them at home. They don’t have the hundreds of kW charging potential and if you charge them at work you often have to go move them during the day because you aren’t allowed to leave them in the spot with the charger all day. Contrast this with an all electric vehicle that you can charge 200 km in five minutes at a gas tank.
As much as I’d like to, I don’t try starlink for the exact same reason. (Although Starlink has other reasons why I’m not going to give them any money)
I had to use it for in flight wifi on Hawaiian. I needed to work, and that’s the only wifi on Hawaiian. It worked fine, but I was annoyed that indirectly I was helping Musk. I would have happily paid 8 bucks even for worse internet. Thankfully I didn’t have to give them any information to use it.
the biggest player in the electric vehicle game is having a rough year.
You couldn’t tell by looking at the stock price.
because tesla is basically just a pump and dump now considering the board are just musk stooges who greenlight anything he asks and investors are just musk cultists.
Were stooges stooges before the Three Stooges? Or was it the Stooges that defined stooges as stooges?
Whoa. So, I was bored and looked into the etymology of this, and it’s way harder to answer than I’d have thought.
The etymology of the word “stooge” is unknown, but it was first used in 1913 as a noun. The earliest known use of the verb “stooge” was in 1939, in the writing of detective novelist Raymond Chandler.
In its first known use in 1913, the word was defined as “stage assistant, actor who assists a comedian.” So, while it looks like it predates the Stooges by a decade, they really redefined the word as we know it now.
I would characterize Tesla stock not as a pump & dump scheme anymore, but as a bet on Musk’s position to extract concessions from his political connections. He has got his way already with Trump planning to end EV subsidies that mostly benefited Tesla’s competitors, although Trump intended to do so anyway, and he may yet push against regulation that would threaten Tesla’s market position in the US, like federal charging standards. He may also get Trump to impose harsher tariffs on Chinese electrical vehicles than he otherwise would, although such tariffs enjoy bipartisan support.
Good and I did not consider a Tesla when purchasing our first EV. We will continue to shop from the Tesla’s competition until “Leon” rockets off to Mars.
Tank god
Tank Girl.
Tank, fish
Reminder that the Tesla strike in Sweden is still ongoing.
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I have a Model 3 at the moment. I’ve had it for almost 5 years and it’s generally been great - cheap to run, quiet and comfortable on longer trips but still fun to drive on back roads.
Recently it had its first major breakdown, and although Tesla service did manage to take care of it, it’s got me browsing for new EVs - but now, buying a Tesla is not the foregone conclusion it once might have been.
First, they have been making some truly stupid design choices in their latest facelifts (deleting the indicator stalks and gear selector).
Second, their CEO has now gone completely mask-off fascist.
Third - after a few years for the competition to catch up, we now have genuine alternatives from other marques which are just as good if not better EVs than Tesla’s offerings.
I think my next car will likely be a Polestar 2.
Somehow investors will spin this as a positive thing and share price will go up still lol
I’m not sure they can spin their way out of this one. The number of new car manufacturers that are spinning up in the last ten years compared to the fifty before it is mind blowing.
I see Tesla getting swallowed whole in a very competitive market in the next twenty years. Their early mover advantage is all but erased.
Edit: and the European manufacturers are catching up fast. I heard the new Renault is a super little car. There will always be some bias to buying European in Europe (as I’m sure is the case with other places, but Tesla had genuine caché for a while). That God awful cyber tank thing will never sell well here.
I hope so!
RIP Tesla. I will never buy one ever again and now champion against them amongst friends & family. Good riddance.
riddance
Riddick
Thanks, updated.
No way I’m giving my money to that fascist, I don’t care how good or bad his cars are
“His” cars are dogshit for the price. The only thing they have going for them is they are fast. Which makes them dangerous since people drive em fast and then cannot stop, since huge battery equals weight. The build quality is dog, the rear door will happily close on your fingers, and sometimes it’ll just brick itself because F you.
And it’ll watch, listen, and report on you the entire time!
I don’t see how people fall for these grocery-store smartphone appliances on wheels, but their predictable, dangerously entitled driving patterns tend to check out.
I don’t like Teslas either due to Musk, the touchscreens, the build quality and their anti self repair antics.
But the model 3 is very reasonably priced for what it is.
And just because something weighs more doesn’t mean that the stopping distance is longer, because more weight means the tires are pressed onto the road harder, which means more grip.
Nah, there’s plenty of comparable cars for the same price. I’ll take a Hyundai ioniq any day. Europe, at least. In the us…dunno… but not tesla anyway
Yes, there are other EVs available that are also reasonably priced. I just wanted to say that the Model 3 doesn’t have dogshit value like the commenter I responded to claimed.
When my car gets too old I will get an EV and it will certainly not be a Tesla, but that has more to do with the company behind the car than the car itself in my case.
Well, there’s a huge list of issues that it has. Owners have made a list and some workarounds…dunno, At its price…yeah, that’s kinda dog shit.
I know someone who has a model 3 and he likes it, and I haven’t seen this list yet, so either these issues are minor to most people or my acquaintance just has luck with his car.
Damn shame too, cause the second gen Roadster is the car I’ve been dreaming of: hard top convertible, sporty, electric, faster than rabbits fucking. But I will never, ever own a Nazimobile.
I hope it at least inspires other automakers to bring back sporty convertibles. Until then I’ll hang onto my 350Z Roadster forever. If that never happens, I guess I’ll have to eventually convert the car to electric. I’m so sick and tired of every battery car being a god damn crossover. They’re too big and corner like shit because of their size.
There’s going to be an electric Boxster in 2025.
Nazimobile
so no Volkswagen, BMW, heck perhaps no big car company?
Ford in the early days. Henry Ford practically was a Nazi.
Companies arent people. Don’t treat them as such. What’s important is who is running the company now and what the company stands for.
How come those gods of capitalism aren’t even that good at running businesses? Seems like the whole thing is a sham.
And they always preach they wanna “run this country like a business.”
It’s so bleak.
Everyone who says that is actually a fascist. Countries are not businesses and they should not be run like them. They are not profit seeking enterprises.
The whole concept of maximising profits for the shareholders is toxic. Even for companies. It totally ignores the cost-benefit calculus of every other group connected to it. Employees, customers, environment, countries. There needs to be a change to this basic tenet in order for humanity to survive.
European view: I always thought I’d love a Tesla when I make the move to electric.
Would never, ever buy one now and it’s purely because of mister half a trillion election purchasing oligarch.
My parents got one somewhat recently (😒) and I have to say, features are also a negative point. Model Y door override is so inaccessible it might just as well not exist. No haptic control for most things except indicators as they are required by law.
Other than that it’s a car like any other, so no reason to support Tesla specifically.
I got myself an i3 2017 a few months back and while you can tell it’s a first gen EV and only basic non-BMW features (no Android Auto, only basic BT) I much prefer the i3. No random braking on the road, no crazy lane corrections. Not as powerful as the Tesla, but I drive in Eco, anyway.
I love Tesla for what they did for the EV market, but I’ll happily attribute that to the original founders and engineers. M*sk was only PR; if the car was half as tech geeky they’d still be where they are today.
100% agree. I used to dream of owning a Tesla, I used to love Elon Musk. But now that I found out who he really is… meh, I’ll never ever buy a Tesla.
But this is hitting EVERY ev carmaker in Europe. Germany ended its subsides to ev this December.
This has obviously impacted sales. Volkswagen, Volvo, Hyundai. All have been hit.
The only one that was not impacted that much was BMW.
This is nothing to celebrate. Ev adoption on Europe has been dropping steadily.
Companies like VW are getting raped in China where a substantial amount of their profits come from though due to their current EV positioning and it’s causing them catastrophic problems in the EU. Deiss the old CEO was warning about needing to cut back and refocus because of this and they kicked him out. Now the new CEO is saying the same thing but the delay has made it even worse, and the union, as expected, is fighting it. VW is in serious trouble right now.
Edit: Looks like new news on this yesterday, 35k jobs cut (25% of workforce), but no factory closures, and a reduction in 700k vehicles/y. Also no raises for 4 years.
“overall EV registrations in Europe have remained stable”
Is there a point where Tesla’s board will oust him to save the brand?
that would be really funny and i hope it happens
Who else is on the board besides him and his brother?
Even his brother tried to get him to back down on all this craziness, but he didn’t listen.
I’m guessing he then shut up and accepted his riches? Lol just wait, people show you who they really are…
Well, Elon blocked his own brother on Twitter after it, so something went down.
TBH I don’t know. I assumed it was a normal board of directors that has a check and balance to the CEO. I should have known it wasn’t.
Edit- Actually, there is a traditional board. My question still stands then. https://ir.tesla.com/corporate
The state of Delaware ruled in a lawsuit that the Tesla board is under control of Musk and not really an independent board as it should be
That’s…odd. Why even have one then?
for appearances? so you can pass the buck somewhere? … etc
Nope. They are tied to the hip. From what I see the Board are just cashing out as it sinks.
I personally will never consider a product he’s attached to.
I’d support him being attached to one of his rockets at launch
