this post was submitted on 26 Jun 2025
656 points (98.8% liked)

World News

47857 readers
4231 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

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.

top 50 comments
sorted by: hot top controversial new old
[–] [email protected] 2 points 2 hours ago

And their stock is still too damn high!

[–] [email protected] 2 points 7 hours ago

Oh no how unfortunate.

[–] [email protected] 9 points 8 hours ago

At this point if a person buys teslas they are either a Nazi or ignorant and neither is good.

[–] [email protected] 5 points 9 hours ago

I’ll be happy when there’s nothing to report because there are no more sales.

[–] [email protected] 24 points 12 hours ago (1 children)

I read Musk fired the Tesla manager for Europe and North America over the low sales, as if those weren't a direct result of Musk's own actions. Like there is only one person responsible for pushing the stupid cybertruck and for associating the brand with fascism.

[–] [email protected] 7 points 10 hours ago

Don't you know that he's a genius and none of what he says or does can have any bad consequence? If it's not because of him, it must be because of someone else. Oh, BTW: he also fired a manager in Tesla who voiced against him damaging the brand name.

https://electrek.co/2025/06/18/tesla-manager-fired-sounding-the-alarm-explains-why-automaker-screwed/

None of these people know anything about anything. Only Elon knows!!

[–] [email protected] 10 points 12 hours ago

Let's hope they drop even further 🙏

[–] [email protected] 10 points 13 hours ago

Even MAGAs are embarrassed to drive one of his Nazi mobiles

[–] [email protected] 4 points 14 hours ago

Liquidate Musk

[–] [email protected] 18 points 18 hours ago (1 children)

Could I have a list of these "investors?" Because they sound like fools who deserve to be tricked out of their money.

[–] [email protected] 1 points 5 hours ago

Just look up the Musk followers on Xitter.

[–] [email protected] 23 points 22 hours ago (1 children)

Let's keep it going, I wanna get paid for getting a Tesla.

[–] [email protected] 12 points 19 hours ago (3 children)

Unless he steps down as CEO and sells all his shares I don't see a Tesla redemption arc in Europe anytime soon.

[–] [email protected] 1 points 9 hours ago

And if he does step down as CEO and sell his shares, the stock will tank anyhow. The only reason it's currently about 100x over its realistic value is that people bought into the idea that Elon was this genius who was going to... well who knows. Nothing he could have done would have justified that valuation.

[–] [email protected] 8 points 13 hours ago

Even then it’s a shitty company, cause look how long they’ve tolerated him for.

[–] [email protected] 2 points 14 hours ago (2 children)

That would also tank the stock price though.

[–] [email protected] 2 points 10 hours ago

Sooner or later, the stock price will tank. It's actually quite something that it is still that high, if anyone needed anymore proof that stock investors are not smarter than average Joe.

But Tesla sales are crashing worldwide, not just because of the brand, but because competition has caught up and is now getting ahead. Robo-taxis are going to compete with players that are years ahead on self-driving and safety concerns are going to force Tesla to trim down their price (assuming they manage to no longer need their "safety monitors", in which cas they will just not happen).

Humanoid robots are a tool that needs to find a use justifying its price (and there again, we might see competition from China…).

What's left??

[–] [email protected] 2 points 13 hours ago

Short term yes but I think they could quickly recover beyond where they are now if Tesla managed to keep some good press coming.

load more comments
view more: next ›