Tesla Sales Plunge 59% in Germany to Lowest Level in Years
Posted: Feb 05, 2025
- Tesla Inc. experienced a 59% decrease in sales in Germany in January, lowest since July 2021
- Musk's political activities, including support for AfD in Germany, may be impacting Tesla's sales
- Tesla also saw declines in France and UK, falling in Europe's top three EV markets
- Tesla shares dropped 3.1% following sales declines in Europe
- Competitors like Volkswagen AG, Stellantis NV, and Renault SA are gaining ground in EV market
- Musk's political interventions may be influencing Tesla sales in California and worldwide
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - While there are some sarcastic and speculative comments about Tesla's ability to maintain its stock value, the overall tone is skeptical and critical about the company's performance and Elon Musk's focus. Summarized comments: - Some commenters sarcastically suggest Tesla's sales plunge could somehow lead to a stock price increase. - There is skepticism about Tesla's valuation given the decrease in car sales. - Some are critical of Elon Musk, suggesting he is busy with other ventures. - The notion that the situation is already priced into the stock is mentioned. - There is concern that sales might drop in other regions, like Canada. - Discussion about Musk potentially adding assets to Tesla, including speculative ventures. Stock tickers discussed: $TSLA
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