Elon Musk’s backing of Donald Trump is hurting Tesla’s struggling EV business in Europe
Elon Musk’s backing of Donald Trump is hurting Tesla’s struggling EV business in Europe
German drugstore chain Rossmann said that Elon Musk's support for Donald Trump, the Republican candidate who calls climate change a hoax, goes against Tesla's mission—and it wants out.
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Especially now that a lot of countries are starting to notice the drain on energy networks.
Lmao
But I doubt they're really "struggling".
You don't have to sit there and imagine things, because they are a publicly traded company...
It's clear Musk's politics have turned off a ton of potential customers worldwide. Tesla sales are falling off, while eg the Hyundai Ioniq is setting sales records in the US
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Tesla's market share in Europe declined from 27.8% to 19.9% year over year as of this past March. Tesla's sales in Europe fell 36% while BMW and Volvo had 60% and 70% growth in EV sales over the same period, respectively.
https://www.whichev.net/2024/04/25/tesla-tops-european-car-sales-charts-but-theyre-still-not-happy/
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Is it weird that a part of me wishes I was as confident in myself being right about stuff as you are about yourself?
Nah, the Dunning Kruger effect is unfortunately just as common as impostor syndrome. It's incredibly rare for confidence to be appropriate to competence 🤷
When every other company manufacturing the same thing as you is making massive gains, because the whole market is expanding, and you're suddenly posting losses, that's going to raise so questions
LOL, seems like you are only are aware of Tesla losses and try to explain it that it is because a power grid can't handle it.
In reality it is that Tesla is losing customers which are fleeing to other manufacturers.
As for the energy consumption, for example in California 25% of new car sales are BHEV. Currently electric cars use 1% of the power and the estimates are that by 2035 (when sales of new ICE vehicles will be banned) this will go to 4%.
Since these cars easily take up the same as an entire household overnight.
You mean the same as the household take up overnight where most are sleeping and have turned almost everything off? That's not actually a lot..
"lots of people are buying Tesla's"
"People are stepping away from fully electric vehicles."
Which is it? Are Tesla's strong or weak? Or are we somehow in a situation where EVs are weak and Tesla is strong?