3mo ago

Tesla sales plummet 80.7% in Sweden amid Elon Musk backlash

www.newsweek.com

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.

109 comments

Yet tesla stock goes up. LOL.
How the fuck is the stock rising?
Oh. Wall Street is a joke. I forgot.
- Tesla stock is up because the board has quietly indicated that they are searching for someone to replace Musk
  
  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.
  
  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.
  
  “Quietly indicated.” They intentionally leaked that story to bring up the stock price.
  
  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.
  
  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
  
  Quietly? I literally read about it yesterday right here. Do you mean like they're calling newspapers, but whispering?
- 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)
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?
80% isn't enough.
- im mean, are they even trying?!! :)
  push harder people!
The story of Elon will be a phenomenal one. Icarus af. He could have ended world hunger and much more, but decided to become a nazi cunt and ruin everything. Money can't buy intelligence.
- To become a billionaire you have to be a piece of shit human being. No billionaire is ever going to solve world anything, because again... They are trash human beings.
  
  There are two reasonably good ones, as far as I know - Gabe Newell and Bill Gates.
  The rest though... yeah.
  The world would be a very different place if every billionaire was anything like those two.
- Quote this in history books
Best fucking country, so proud.
- As a Scandinavian I too am proud of my brother Sweden. 👍😀
  But you have to take it back about being "best", when you obviously are only 2nd best! 🇩🇰
  
  More like in the top 5 🇫🇮
  
  Fuck, didn't think you guys were around...
  
  Dunno. Anecdotal, but I've seen a lot of racism in Denmark.
- I don't know what makes it the best to you, I personally hate it here and the people/society is pretty selfish and apathetic, so generally not healthy.
  
  Apathetic in the large scale, but very warm and friendly at the smaller one.
  I lived in the American South, I find this to be much more to my liking as the smiling faces seem less likely to be covering deep, hateful racism looking for an excuse to resort to violence.
Take it to zero!
- I hunger to see Tesla turn into a penny stock.
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.
- 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...
I hope this evil apartheid Nazi welfare queen gets a lube free dildo of karma everyday for the rest of his life
- If by "dildo" you mean "cactus", then I am 100% with you!
  
  Everything's a dildo if you're not a coward.
  
  Or a pinapple
  
  Yes, good point
- "The dildo of consequences rarely arrives lubed."
  Robert Oppenheimer, 1945.
  Or something like that.
- Read "evil dildo" at first. Even that fits.
  E. The fits was not intended, but suits here as well.
Still too many sales.
Tesla has and is doing exactly what Musk said the goal was for Tesla, long ago. To spur EV sales for other competitors, since Tesla could never meet a full market demand. Congrats Elon, you not only did that, you've backed away to give everyone a bigger share of the market. You genius.
Oh, what? You didn't mean to do this? Are those tears? Be a big boy and suck it up.
I take comfort in knowing that their sales were already bad before all of this
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
Even if the company cans him its not likely to ever recover from all this
- OMG. A Welcome Back, Kotter reference! Nice.
i was looking at BYD EVs this week, they seem alright? even tho they are mega tariffed
- My biggest issue with BYD would be maintenance in my location. I got dealers for American, Japanese, but nothing for anything Chinese. My normal independent shop I use doesn't want to touch our hybrid either.
https://www.youtube.com/watch?v=2LM0CZZ9Uw8
Good.
Not enough.
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.
Way to go! 💪🏼
Ha
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 :)
Sweden
Oh no...anyway.
- You do know that Scandinavia has a very high PHEV quota, right? Sure, would have liked to see this news coming from Norway, but this is still very much relevant.

109 comments