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.

  • Buffalox@lemmy.world
    8·
    4 days ago

    A lot of people still believe Musk is some sort of tech genius, and he will revolutionize AI and robotics with Tesla.
    But Tesla isn’t even among the leaders in anything anymore, either Electric cars, or self driving, or AI/robotics.
    Tesla boasted the most profitable car production a few years back, and people think he is also some sort of production of scale genius. But today Tesla is selling every car at a deficit!
    Their profits comes mostly from selling CO2 tax credits and then some from financial gains. The main business is losing money already, and that will probably get worse as the competition out-competes Tesla heavily in China and EU, and only USA remains as a niche market for Tesla behind a protective wall of import tariffs.

    • reiterationstation@lemm.eeEnglish
      6·
      4 days ago

      lol no.

      It’s a meme stock.

      He can keep Tesla stock high by doing something extreme. He just needs to keep being more extreme than the last time. Buckle up buckeroo.

      • Buffalox@lemmy.world
        3·
        4 days ago

        Maybe I’m naive, but I generally like to think that at some point people wise up. But Trump has proven me wrong way more clearly than I’d like to admit.
        So maybe you are right?

    • Daggity@lemm.ee
      6·
      4 days ago

      I really think people are banking on him buying a public contract to make the government use teslas.