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.
Yet tesla stock goes up. LOL.
How the fuck is the stock rising?
Oh. Wall Street is a joke. I forgot.
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…
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.
“Quietly indicated.” They intentionally leaked that story to bring up the stock price.
Possible! Companies do things like that all the time
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.
Agreed
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
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?
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:
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.
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…
80% isn’t enough.
im mean, are they even trying?!! :)
push harder people!
The story of Elon will be a phenomenal one. Icarus af. He could have ended world hunger and much more, but decided to become a nazi cunt and ruin everything. Money can’t buy intelligence.
To become a billionaire you have to be a piece of shit human being. No billionaire is ever going to solve world anything, because again… They are trash human beings.
There are two reasonably good ones, as far as I know - Gabe Newell and Bill Gates.
The rest though… yeah.
The world would be a very different place if every billionaire was anything like those two.Gates became a billionare by being a trash human being, then probably decided he didn’t want that to be his legacy so he started being somewhat less of one. He’s doing significantly better than most, but still probably a net negative.
He isn’t even being better than anyone, all he does is publicity stunts while not fixing anything. Everything he has donated was for tax writeoffs.
Uh huh. The man who has donated roughly 100 billion in total - apparently as “tax writeoffs” - including funding the Gates foundation which spent countless billions treating malaria, aids, tuberculosis, polio, hiv and a myriad of other things, hasn’t fixed anything because billionaire = bad.
As he lobbies for stronger pharmaceutical IP (that he’s invested in) in African countries; when mosquito nets would have been more effective. If you follow the money all of gates philanthropy ultimately benefits gates. He’s a trash human like all billionaires, he’s just really good at PR.
At least he isn’t sacking thousands of government workers, and probably isn’t defrauding the government…
I sure do love it when people regurgitate Russian propaganda at me
I’d recommend listening to the Behind the Bastards episode on Bill Gates if you think he’s a good person.
Quote this in history books
Best fucking country, so proud.
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.
Take it to zero!
I hunger to see Tesla turn into a penny stock.
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 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.
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 hope this evil apartheid Nazi welfare queen gets a lube free dildo of karma everyday for the rest of his life
If by “dildo” you mean “cactus”, then I am 100% with you!
Everything’s a dildo if you’re not a coward.
Once …
Or a pinapple
Yes, good point
“The dildo of consequences rarely arrives lubed.”
- Robert Oppenheimer, 1945.
Or something like that.
Read “evil dildo” at first. Even that fits.
E. The fits was not intended, but suits here as well.
Still too many sales.
Tesla has and is doing exactly what Musk said the goal was for Tesla, long ago. To spur EV sales for other competitors, since Tesla could never meet a full market demand. Congrats Elon, you not only did that, you’ve backed away to give everyone a bigger share of the market. You genius.
Oh, what? You didn’t mean to do this? Are those tears? Be a big boy and suck it up.
I take comfort in knowing that their sales were already bad before all of this
Yet the stock has jumped like 50% while every single indicator is red.
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.
Some people tend to double down when they notice that they have lost a high percentage
Even if the company cans him its not likely to ever recover from all this
OMG. A Welcome Back, Kotter reference! Nice.
