this post was submitted on 21 Dec 2024
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submitted 15 hours ago* (last edited 15 hours ago) by [email protected] to c/[email protected]
 

Summary

Tesla’s European market share is declining sharply, with EU registrations dropping 40.9% in November 2024 compared to last year, and year-to-date registrations down 15.2%.

Including the UK and EFTA, Tesla’s registrations fell 13.7% this year.

The drop stems from reduced government EV incentives and growing dissatisfaction with CEO Elon Musk.

Despite Tesla’s decline, overall EV registrations in Europe have remained stable as competing automakers gain ground. Tesla remains the largest EV producer in Europe but faces growing pressure from rivals capitalizing on its waning dominance.

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[–] [email protected] 5 points 3 hours ago
[–] [email protected] 9 points 6 hours ago

I have a Model 3 at the moment. I've had it for almost 5 years and it's generally been great - cheap to run, quiet and comfortable on longer trips but still fun to drive on back roads.

Recently it had its first major breakdown, and although Tesla service did manage to take care of it, it's got me browsing for new EVs - but now, buying a Tesla is not the foregone conclusion it once might have been.

First, they have been making some truly stupid design choices in their latest facelifts (deleting the indicator stalks and gear selector).

Second, their CEO has now gone completely mask-off fascist.

Third - after a few years for the competition to catch up, we now have genuine alternatives from other marques which are just as good if not better EVs than Tesla's offerings.

I think my next car will likely be a Polestar 2.

[–] [email protected] 4 points 6 hours ago (1 children)

Somehow investors will spin this as a positive thing and share price will go up still lol

[–] [email protected] 1 points 1 hour ago* (last edited 59 minutes ago)

I'm not sure they can spin their way out of this one. The number of new car manufacturers that are spinning up in the last ten years compared to the fifty before it is mind blowing.

I see Tesla getting swallowed whole in a very competitive market in the next twenty years. Their early mover advantage is all but erased.

Edit: and the European manufacturers are catching up fast. I heard the new Renault is a super little car. There will always be some bias to buying European in Europe (as I'm sure is the case with other places, but Tesla had genuine caché for a while). That God awful cyber tank thing will never sell well here.

[–] [email protected] 29 points 6 hours ago (1 children)

No way I'm giving my money to that fascist, I don't care how good or bad his cars are

[–] [email protected] 1 points 3 hours ago

"His" cars are dogshit for the price. The only thing they have going for them is they are fast. Which makes them dangerous since people drive em fast and then cannot stop, since huge battery equals weight. The build quality is dog, the rear door will happily close on your fingers, and sometimes it'll just brick itself because F you.

[–] [email protected] 5 points 7 hours ago

How come those gods of capitalism aren’t even that good at running businesses? Seems like the whole thing is a sham.

[–] [email protected] 31 points 7 hours ago* (last edited 7 hours ago) (1 children)

RIP Tesla. I will never buy one ever again and now champion against them amongst friends & family. Good riddance.

[–] [email protected] 5 points 7 hours ago (1 children)
[–] [email protected] 8 points 7 hours ago

Thanks, updated.

[–] [email protected] 43 points 9 hours ago

European view: I always thought I'd love a Tesla when I make the move to electric.

Would never, ever buy one now and it's purely because of mister half a trillion election purchasing oligarch.

[–] [email protected] -1 points 11 hours ago (2 children)

But this is hitting EVERY ev carmaker in Europe. Germany ended its subsides to ev this December.

This has obviously impacted sales. Volkswagen, Volvo, Hyundai. All have been hit.

The only one that was not impacted that much was BMW.

This is nothing to celebrate. Ev adoption on Europe has been dropping steadily.

[–] [email protected] 3 points 8 hours ago* (last edited 7 hours ago)

Companies like VW are getting raped in China where a substantial amount of their profits come from though due to their current EV positioning and it's causing them catastrophic problems in the EU. Deiss the old CEO was warning about needing to cut back and refocus because of this and they kicked him out. Now the new CEO is saying the same thing but the delay has made it even worse, and the union, as expected, is fighting it. VW is in serious trouble right now.

Edit: Looks like new news on this yesterday, 35k jobs cut (25% of workforce), but no factory closures, and a reduction in 700k vehicles/y. Also no raises for 4 years.

https://www.reuters.com/business/autos-transportation/rapprochement-between-volkswagen-union-wage-talks-sources-say-2024-12-20/

[–] [email protected] 17 points 11 hours ago* (last edited 11 hours ago)

"overall EV registrations in Europe have remained stable"

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