Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.

Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla’s billionaire CEO had promised a “major rebound” was coming last month, adding to a recent buying frenzy among investors.

They were selling on Wednesday, pushing the prices down more than 4% in early afternoon trading.

  • dellish@lemmy.world
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    14 hours ago

    who had hoped anger toward Elon Musk would have faded by now

    Even fucking goldfish remember what he’s done. He has irreversibly associated Nazism with Tesla at the same time that cheaper and better electric vehicles are coming out of China. The only way is down and that’s not going to change until he is no longer part of Tesla and a lot of time has passed.

          • towerful@programming.dev
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            22 minutes ago

            From the wiki, and I’m simplifying:
            VW was handed over to the German government after being offered free-of-charge to Ford in 1948 by the British government (who ran the factory up till then).
            In 1946 the produced 1000 cars per month. In 1949, 2 cars were sold in the US.
            In 1952, 12 VWs were sold in Canada.
            In 1955 they produced over 1 million Beetles.

            So 3 years on life support being ran by the British. Dunno how long being run by the German government before becoming GmbH.

    • wewbull@feddit.uk
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      9 hours ago

      Cheaper and better EVs are here from lots of European, Korean, and (to a lesser degree) American brands.

      It’s been a long time since was “the only choice”.

    • T156@lemmy.world
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      9 hours ago

      Eve if he suddenly no longer had influence over Tesla, he’s ruined their reputation enough that others have had time to catch up and make better vehicles.