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

submitted 5 days ago by alyaza@beehaw.org to c/news@beehaw.org

24 comments fedilink hide all child comments

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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[–] thejml@lemm.ee 34 points 5 days ago (2 children)

Elon Musk is probably the single worst thing for Tesla. Sure the FSD that drives into trains and lakes and people is a problem, but you can potentially fix or mitigate that with OTA updates and recalls.

If the Tesla board was smart, they’d fire Elon as before he tarnishes the brand even further.

[–] takeda@lemm.ee 25 points 5 days ago (1 children)

The thing is that he also was the reason why the stock was so inflated in the first place. I think that's why they still keep him.

If they remove him out likely will fall further, on the other hand if no one is buying their cars the company is nothing but a scam stock.

[–] MaggiWuerze@feddit.org 5 points 5 days ago

nothing but a scam stock

[–] Butterbee@beehaw.org 12 points 5 days ago

You could fix the fsd by simply taking it out. Come to think of it, that could work for Melon Husk too.