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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Reminder that the Tesla strike in Sweden is still ongoing.
overall EV registrations in Europe have remained stable as competing automakers gain ground.
Which competing car manufacturers are they so I can invest?
the biggest player in the electric vehicle game is having a rough year.
You couldn’t tell by looking at the stock price.
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.
I would characterize Tesla stock not as a pump & dump scheme anymore, but as a bet on Musk’s position to extract concessions from his political connections. He has got his way already with Trump planning to end EV subsidies that mostly benefited Tesla’s competitors (although Trump may have intended to do so anyway) and he might yet push against regulation that would threaten Tesla’s market position in the US, like federal charging standards. He may also get Trump to impose harsher tariffs on Chinese electrical vehicles than he otherwise would, although such tariffs enjoy bipartisan support.
Were stooges stooges before the Three Stooges? Or was it the Stooges that defined stooges as stooges?
I used to be really keen on Teslas but a combination of Elon and stories of poor quality and after sales support have killed the brand for me.
They could be the best cars on Earth and Elon’s fuckery would be enough for me to do every tiny bit I could to keep their stock as low as possible.
Polestar sells something for a similar price and better quality, and without awkward associations with a billionaire nazi.
No way I’m giving my money to that fascist, I don’t care how good or bad his cars are
Damn shame too, cause the second gen Roadster is the car I’ve been dreaming of: hard top convertible, sporty, electric, faster than rabbits fucking. But I will never, ever own a Nazimobile.
I hope it at least inspires other automakers to bring back sporty convertibles. Until then I’ll hang onto my 350Z Roadster forever. If that never happens, I guess I’ll have to eventually convert the car to electric. I’m so sick and tired of every battery car being a god damn crossover. They’re too big and corner like shit because of their size.
There’s going to be an electric Boxster in 2025.
Nazimobile
so no Volkswagen, BMW, heck perhaps no big car company?
Ford in the early days. Henry Ford practically was a Nazi.
Companies arent people. Don’t treat them as such. What’s important is who is running the company now and what the company stands for.
Good and I did not consider a Tesla when purchasing our first EV. We will continue to shop from the Tesla’s competition until “Leon” rockets off to Mars.
I’m guessing Elon endorsing the “drive your car into a crowd of Christmas shoppers” party is not going to help.
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.
other automakers have stepped up to try and fill the gap left by Tesla,
Absolutely, IMO VW group has made a stellar job with the MEB platform, and are selling very good Electric cars at competitive prices.
VW group has of course the VW ID series, Skoda Enyaq and Elroq, Cupra Tavascan and Born, Audi E-Tron 4-6-8, Porsche Taycan.This is a very impressive lineup IMO. And generally they have lower noise and better driving comfort than Tesla. Allegedly drive assist systems are way better than Tesla. No sudden phantom breaking, and no weird warnings about traffic that is completely irrelevant. Common for all is that they are all very good cars, without the weirdness of a Tesla. VW group has about 14 distinct models, so you have way better chance of finding a perfect fit than with Tesla.
Apart from that, if you don’t give a shit politically, we also have some decent Chinese options. Xpeng is very attractive IMO.
The best selling EV here is the Skoda Enyaq, and that’s absolutely with good reason, there is just about nothing to fault on that car IMO, it is also my own personal favorite, although I hate to go mainstream.
To quote Elon Musk:
You’d be a fool to buyanything buta Tesla today.To be honest, VW EVs are extremely boring and overpriced. I would rather buy Volvo, Polestar, KIA or Hyundai. The fully specced ID.3 is something like 53K which is insane for such a small car. Their cars are simply uninspiring.
I’ve driven Kia, Hyundai, etc. Trust me, you don’t want one of those. The Ioniq 5, one of the higher-end Hyundais, has absolutely shit ride quality. I test drove that, got back into my old diesel E-class (and I mean OLD. 2003) and felt like the E-class was the slowest thing ever, but 10x as comfortable as the Hyundai.
I did end up getting a newer car, but it wasn’t an EV, it was a 2019 C-class, because it was a lot more affordable than any new car in early 2022 and also way more comfortable than any EV that would’ve been “only” twice the price I paid. That’s because VW or BMW didn’t really have a proper lineup yet and MB and Audi were only doing really expensive models.
Now that the Germans have somewhat proper EV lineups and Volvo is turning around as well, the Koreans are just going to be the cheapo EVs, much like they were cheapo ICEs. They can have cool designs, pretty good infotainment, etc… But the ride quality is abysmal because they cheap out on everything that isn’t visible or numerically significant.
There’s so much in a car that the size alone doesn’t tell you, nor do numbers. The Ioniq 5 has a McPherson strut for the front suspension. My C-class (which I’ve since sold because I now drive so much, I can’t justify a car that has room to depreciate, I put 80k on it in the last 8 months), had multi-link front. In the Ioniq 5, I didn’t feel very confident cornering at a high speed on a back road. In the C-Class, it was soooo much better. But then you’d think maybe if the Ioniq 5 wasn’t as great for spirited driving, maybe it felt better over bumps? Also no, it felt MUCH worse. Way crashier. You could feel every bump in the road. And bear in mind, I didn’t even have Airmatic suspension or anything.
Now if you truly can go drive a Polestar, a Mercedes and a Hyundai and tell me that the Hyundai felt like the best car to you - go for it. But personally I’ve been ruined by the fact that I’ve driven extremely depreciated luxury cars for 8 years out of the 10 I’ve had a driver’s license and a nearly new executive car the other 2. I can feel every single imperfection in a car’s ride quality at this point lol
Ah, an extra fun fact: The best car I’ve owned in my last ~8 months of driving shitboxes, was a V8 Cayenne. For years I figured “but it’s just a Volkswagen with a Porsche badge, it can’t be that great”, but I was so wrong. The first gen Cayenne isn’t as sporty as the newer ones, but it could still corner pretty damn good for a big hunk of SUV, yet handled bumps really well too. It had locking diffs and a low-range transfer case. It was an absolute beast in every way. Unfortunately, one of those ways was fuel economy and though it was OK once I had LPG installed, the tank was so tiny, I had to refuel it every 200 km, so it also had to go.
Is there a point where Tesla’s board will oust him to save the brand?
I personally will never consider a product he’s attached to.
I’d support him being attached to one of his rockets at launch
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)
I had to use it for in flight wifi on Hawaiian. I needed to work, and that’s the only wifi on Hawaiian. It worked fine, but I was annoyed that indirectly I was helping Musk. I would have happily paid 8 bucks even for worse internet. Thankfully I didn’t have to give them any information to use it.
