Tesla’s market share in Europe falls in May despite booming EV demand, but pace of descent slows

Pace of descent slows. Are you working for Tesla marketing 😂 this is truly the shit they would say to frame it as a positive development. "look, in may, Elon our holy savior came back, sales decline stopped and now he will turn the ship around and drive us fully autonomous into the holy land where everybody just lays at the beach, having ten Optimus robots, doing all the work for us"  Pathetic. Not gonna be like that. Can only speak for Europe, but here tesla is cooked completely.

I can’t wait for the Nazi €&”%stain to lose his fortune and land in prison. Shared to show that the decline is continuing, and for the desperate spin.

I can’t wait for Tesla to collapse properly. Can’t be too far away anymore.

Somehow June numbers in markets which post weekly sales are super high. No fucking idea how that's possible as the sentiment didn't change in Europe. Probably some shitfuckery with selling the cars to themselves, or other accounting tricks. Don't know...  But yeah same for me. Hope he loses it all.

Don't hold your breath. Can be months, Can still be years more likely. But it will collapse eventually. The day I will celebrate.

Secondary derivative analysis is a classic from communication on bad figures

I live in Germany and I swear last year you saw Teslas all over the place. They are vanishing....

That's when people don't understand (or don't want to understand?) YoY numbers... You're completely right, this "slowing" doesn't mean anything. But Finance Bros think this is a good signal, lol

Heh, it’s kinda hard to fall much lower without getting out of the market altogether.

The pace of decline slows the American way the flow rate of water slows when the jug starts to empty.

Just realized your Name.i am loving it

Registrations in Sweden is low in June though. Will probably be 65% down or similar compared to June last year. In several markets delivery of RWD variant of Juniper didn't start until June or late May. That can also give a short peak in June.

I think that the biggest non Elon related problem Tesla has in Europe now is the fact that Europeans are starting to buy much smaller, characterful and less expensive cars than Teslas which have a very US oriented look about them.

I can’t believe this stock pop on that poor attempt to display FSD. This stock is ass backwards. Still is up since the election w lower sales worldwide

Sort of like you slow your rate of descent when jumping out of a skyscraper, you hit the pavement and then that seems to level out your rate of descent.

I know I will, when it’s time to get one.

They are cheaply built and will not stick around very long. In this midsized Nordic city (Turku) I see examples of brand new European, Korean and Japanese EVs all the time. Few new Teslas if any, but many older ones.

Believe it or not 10% up

Their biggest error was to make an ugly truck restricted to the US instead of focusing on a compact car that could sell everywhere in the world... This is really some anti genius

It is concerning that the decrease is leveling off. Who's still buying them?

They have a lot of money in the bank and could raise a lot of money through stock sales. It will be a while.

Some people have the memory of a goldfish. Some places have 0% financing and lower prices from what I've heard. So margins are gonna be shit but they at least sell something

A graph which exponentially declines to zero has a 'slowing pace of descent'.

Elon screwed himself...

Could it be there are a lot of better EV options

Europe is buying China’s EV’s

\^ this was also the exact thought that ran through my mind. News Report: "Deliveries were down 80% last quarter and 75% this quarter" OP: "Ah, so things are improving I see. 😈"

So far I've only seen one in my city. I see new European ones all the time. The exception is Volvo, which does see some sales. It was always popular in Finland, and I think people are confused and still think it's Swedish.

Model Juniper chasers.

Nothing says ‘sustainable business’ like negative free cash flow and capital raises. A real growth engine.

That would probably start a stampede of stock dumping.

You see them because you look for them. Buy a truck of any brand and suddenly you will also notice there are lots of them around.

People are making real innovation here and you’re shitting on them? I feel sad for you

I guess when market share reaches 0% they’ll be able to say the decline has been arrested.

No, they really havnt innovated since around 2019. Their aluminum batteries are now pretty old tech, even GM got manganese doped aluminum. Production methods are obsolete, can get an equinox SUV with 313 miles of range for 9k less than a model 3. Vision only self driving is a freebie in BYD cars now, and can offer LIDAR add ons for less than tesla self driving. Shit, Toyota TSS 3.0 offers hands free highway for free, and tesla still isn't hands free rated. 2023 Carolla is more innovative than tesla now. Be best if the car factories and investor capital went to car companies that still wanted to be car companies and Musk just go on to do his robotics with a smaller lean dedicated start up built ground up for it as oppose to imitate Honda asimo from 2001

What innovation? Tesla's range and charging platform stagnated since 2019, that's 5 years ago. The Juniper is basically the old Model Y with a custom suspension (*by the way, you can buy the same after market suspension and make the old Y as comfortable as the new one*). The only innovation is the FSD which is pretty much done by other brands as well. We start to see the first videos of Tesla FSD where it cuts other drivers off, hard brakes for shadows of the trees, doesn't obey speed limits etc. Oh, did I also mention that the CEO is a Ketamine-addicted white nationalist who likes to meddle with international politics and interfere with elections? Yea, there is that too...

Yeah most definetely the best use case of retaining branding. Whenever I tell people Volvo is Chinese owned they look at me in shock.

Factual.

And not just owned, but manufactured in China from start to finish.

So South Carolina doesn’t produce any Volvo Cars??????

Apologies, I meant the Volvo EVs sold in Europe.

I’m Confused the Volvo EV’s that are produced in Sweden and Belgium aren’t sold in Europe? Before this gets out of hand, yes Volvo is owned by a Chinese Company, and yes China produces Volvo. It is also True other cities around the world produce Volvo’s. It is also True American Car Companies Ford, GM, and Tesla also produce EV’s in China, and Multiple Cities around the world

I bet within the next 5 years Nazi Tesla will have to close all plants in the United States, because Nobody wants to buy a Nazi Car in the United States.

Volvo is now a Chinese car company. Some of the design work is still done in Sweden, but it’s not a Swedish company in any meaningful sense.

Pace of descent typically slows when get close to 0.