Summary
Tesla’s European sales plunged 45% in January, while the EV market grew 37%, with rivals like Volkswagen and Renault gaining ground.
Production changes for the Model Y is claimed to contribute to lower sales, but Elon Musk’s political controversies also sparked backlash.
Musk’s support for far-right parties and attacks on European leaders have made him unpopular, as polls show negative perceptions in Germany and the UK.
Tesla’s struggles come as European automakers face stricter emissions targets, increasing competition in the region’s growing EV market.
When are the shareholders going to sue the fuck out of him for devaluing the stock they bought?
Never. They are “true believers”
Most shareholders are index funds that replicate the SP500 or other tech indices, they don’t give a shit about beliefs and will sue if needed.
Hope you are right but I’m not holding my breath.
Their loss.