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- cross-posted to:
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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.
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Yet the stock has jumped like 50% while every single indicator is red.
Some people tend to double down when they notice that they have lost a high percentage
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.
“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.
Good.
Still too many sales.
80% isn’t enough.
im mean, are they even trying?!! :)
push harder people!
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.
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?
Just the same two he started with, but we don’t forget in Sweden.
Most people in Sweden appears to have forgotten what party Jimmie Åkesson joined, so I don’t know about that.
Most people in Sweden
According to whom? None in my circle of people anyway.
I base that on election results and the current government
“Most people” in Sweden didn’t vote for SD…
Way to go! 💪🏼
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 🇫🇮
Ok, thanks, we all needed a laugh :)
But seriously, don’t ever change a thing about yourself, you’re too valuable as Russia’s speedbump.
Fuck, didn’t think you guys were around…
Dunno. Anecdotal, but I’ve seen a lot of racism in Denmark.
And that different to Sweden how? I think the difference is that the Danes are more likely to be more open about it. More than half of Sweden backed the racist right wing party in the last elections.
I don’t think racism is worse here than most places. Most people here who are against emigrants, have no problem with their emigrant neighbor or emigrant green grocer, it’s this weird phenomenon where the ones they know are OK, it’s all the others that are the problem.
Mostly standard fear of the unknown, which is a universal human trait.
FYI: Emigrants leave the country. Imigrants come to the country.
They left their country to settle here.
https://en.wikipedia.org/wiki/EmigrationEmigration is the act of leaving a resident country or place of residence[1] with the intent to settle elsewhere
I don’t see the problem.
Ok I was just trying to help you understand the correct use of those words, as you are a Dane and English not being your native tongue.
You are talking about them from your POV as a Dane. That makes them imigrants. If a Dane moved to the USA, he would, from your POV, be an emigrant.
In other words; a foreigner is always an imigrant, a fellow native leaving is always an emigrant.
OK, so what if I as a Dane are talking about people the leave their country that isn’t Denmark to settle in a country that also isn’t 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.
I take comfort in knowing that their sales were already bad before all of this
Yet tesla stock goes up. LOL.
How the fuck is the stock rising?
Oh. Wall Street is a joke. I forgot.
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)
Is the value you’re setting your short to still higher than comparable stocks like, say, Toyota’s? You’re still ‘selling’ at irrational prices. Algorithms still sees these as market movement and you just serve as insurance policy for Tesla.
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.
I dubt they can save the company anymore.
Maybe if they pull a Boeing and
assassinatethe guy bringing their stock down commits suicide…Musk loves the letter X, maybe they will make XXX robo cars?
Sexbot transformer cars?
More than meats the eye?
Exactly, and only Musk can make them! And he claims they have the technology NOW, so it will definitely be available NEXT year! It will be the biggest production boost in history EVER!
Yeah, except it will be just people in robot costumes because his robot tech will only be ready by “next year”.
It matters in the court of public opinion. Most consumers don’t understand anything about corporate politics. CEOs are often just fall guys for evil companies.
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.
I went so far as to trade my S&P500-flavored index funds for large cap value-flavored ones so I could avoid holding TSLA even by association. It’s so stupid how that moist waste of carbon-based material turned something as silly as an electric car brand into a political totem of autocracy.
Yeah I would never ever buy one, especially when there are better options anyway like Polestar and Rivian
Traded my Tesla for a Polestar 3. While it does have some weird software quirks and issues, it’s overall been great. Tesla has had a long time to polish their software compared to just about everyone else.
I expected software issues from a company still early into their ecosystem, but it’s base is Android Automotive so it’s not entirely the terrible in car systems like most legacy automakers.
I hope the Polestar puts a smile on your face! I’ve always thought they were cool since they started showing up around my area.
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.
it seems the stock is based on elon musk, and no others, releasing a mass market ready generalized artificial intelligence in the next 6 months.
6 months in musk time is like 25 years from now
Agreed
“Quietly indicated.” They intentionally leaked that story to bring up the stock price.
Possible! Companies do things like that all the time
Quietly? I literally read about it yesterday right here. Do you mean like they’re calling newspapers, but whispering?
It wasn’t a statement to the press. It was leaked. That means that the whole board likely was not ready to announce it or that they’re trying to keep it on the down low, where mostly just investors will see it and act accordingly.
Why does everything have to be an argument?
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
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 was going to buy a Tesla in 2021, the only reason I didn’t was I needed a car immediately and they had a several month waiting list. If it had been available, I would’ve taken it. Even test drove one. Now, I will never buy a Tesla. I would rather have a Rivian anyway.
Not enough.
Those are rookie numbers we can get it much worse
OMG. A Welcome Back, Kotter reference! Nice.
