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.
The issue with Musk is the very clear meddling in EU politics first, second his insane behavior and third, his Nazi salute.
If he kept in his lane and just kept his MAGA insanity stateside the Fallout would be a lot less worse.
But the moment he entered the EU political scene he murdered his brandS in the EU.
they will never recover. The damage was done at the worst time possible, when kia, Hyundai andthe entire German automobile industry went all out with EVs and China (byd) entered the EU EV market.
Tesla is done.
SELL. don’t HODL.