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Musk's embrace of right-wing politics risks turning off car buyers and sinking Tesla's stock (apnews.com)

submitted 4 months ago by alyaza@beehaw.org to c/news@beehaw.org

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Tesla sales plunged 45% in Europe in January, according to research firm Jato Dynamics, even as overall electric vehicle sales rose. That comes after a report of falling sales in California, its biggest U.S. market, and the first annual drop globally for the company last year.

“I don’t even want to drive it,” said Model 3 owner John Parnell, a Democrat from Ross, California, adding that he also is cancelling his order for the company’s Cybertruck, losing a $100 deposit. “He’s destroying the brand with his politics.”

The sales numbers were particularly bad in Germany and France in January, down roughly 60% each, more than the average decline for the more than two-dozen European countries surveyed. Sales in France fell another 26% in February.

More worrisome was the breakdown for Tesla’s individual models. Sales of Tesla’s Model 3 dropped 33% across all European countries even though that car is not being updated and there is no reason for buyers to wait

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[–] Powderhorn@beehaw.org 12 points 4 months ago (1 children)

Those numbers don't work. $400M != 1/4 $96B.

[–] ragebutt@lemmy.dbzer0.com 11 points 4 months ago* (last edited 4 months ago) (1 children)

You’re correct, in my frustration I did shitty math

I leave my post unedited to expose my shame

Edit upon further reflection I did edit my post only to highlight my shame as it appears this got buried and I do not want to promote misinformation

[–] AckPhttt@beehaw.org 9 points 4 months ago* (last edited 4 months ago)

I'm on the DOGE team, and those values seem completely accurate and verified to me. /s

Edit: And if they are wrong, by our accounting that means that you just saved the government $399.6 Billion dollars.