this post was submitted on 21 Dec 2024
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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] 3 points 2 hours ago (1 children)

the biggest player in the electric vehicle game is having a rough year.

You couldn't tell by looking at the stock price.

[–] [email protected] 1 points 1 minute ago

because tesla is basically just a pump and dump now considering the board are just musk stooges who greenlight anything he asks and investors are just musk cultists.

[–] [email protected] 2 points 3 hours ago (1 children)

overall EV registrations in Europe have remained stable as competing automakers gain ground.

Which competing car manufacturers are they so I can invest?

[–] [email protected] 1 points 2 hours ago* (last edited 1 hour ago)

🤷 for some reason hybrids did really well in Europe this year. Probably because some countries have really shit charging infrastructure but people still want to emit less carbon.

The hybrids are bad though unless you live in a house and charge them at home. They don't have the hundreds of kW charging potential and if you charge them at work you often have to go move them during the day because you aren't allowed to leave them in the spot with the charger all day. Contrast this with an all electric vehicle that you can charge 200 km in five minutes at a gas tank.

[–] [email protected] 10 points 4 hours ago

As much as I'd like to, I don't try starlink for the exact same reason. (Although Starlink has other reasons why I'm not going to give them any money)

[–] [email protected] 36 points 10 hours ago

Reminder that the Tesla strike in Sweden is still ongoing.

[–] [email protected] 14 points 14 hours ago (1 children)
[–] [email protected] 5 points 6 hours ago
[–] [email protected] 21 points 16 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 16 hours ago (1 children)

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

[–] [email protected] 5 points 11 hours ago* (last edited 11 hours ago) (1 children)

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] 2 points 7 hours ago
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