Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck...

34 percent depreciation after one year and 6,000 miles

Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.

In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.

  • Fair Fairy
    172·
    2 days ago

    Did u Americans even know there are BYD dealerships all over EU?

    Tesla can’t compete on price and that’s the only metric that matters in capitalism.

    • reiterationstation@lemm.eeEnglish
      121·
      2 days ago

      We aren’t under capitalism anymore. We are transitioning.

      At one point the merchants made more money than kings and that’s why we are under capitalism.

      Now tech has made all of the money, and holds most of it, and so we transition again.

      They don’t care about the old rules, that’s why they are breaking them.

      Musk doesn’t need Tesla. He already has everything he needs to be a borderless king. So he is.

      It’s you and I that need to care about money, but the oligarchs have transitioned from it already and no longer need to care.