Tesla UK Sales Suffer £500m Loss As Brits Continue To Mistrust Elon Musk

Stock to $600

>With year-to-date figures showing a 5.45 per cent decline through August 2025, Tesla faces a pivotal test: can innovative strategies like robotaxis revive its fortunes, or will rivals like BYD tighten their grip on the UK market? "We need more efficient and clean transport!" -Musk "You mean busses and trains?" -City "What, no! That's peasant stuff! I mean cars that drive themselves!" -Musk Daily reminder that Musk proposed the hyperloop to sabotage california high speed rail network. A bus that carry fifty people, has a drivers to passenger ratio of 1/50. You get almost all of the benefit of self driving, plus the benefit of vastly decreasing transport costs. European cities increasingly ban cars altogether from city centers, and they become so much better.

It's not mistrust , it's saying no to Fascism .

I've lost faith in seeing this stock correcting to the true value. By the time it happens, we all will be too poor to afford internet...

Musk has poisoned his own brand and does not have an antidote for himself.

Correlation does not equal causation. My take is this is more due to the UK lease market now being flooded with options in the super important company car market. There may be a prestige aspect to this too. Company cars are generally given as an incentive (and speaking from experience as a business owner with a decent sized fleet of company cars), can be very emotive. Joe the sales manager gets very upset if, Janet the sales rep has the same car. - Tesla simply don't offer the range distinction of the traditional manufacturers, esp. since they axed the S/Y. I'm sure some business owners are blocking Tesla fleet on political grounds, but it won't be enough to move the needle. That's down to stale and narrow product line-up, and a huge amount of competition in the lease space. The private sector market is flooded with cheap used 1 and 2 year off lease hire Model 3/Ys (often low mileage), and without the BIK perks will be canabalising the new market.

Exactly car sales don't matter. Two years ago the plan was 20 million cars by 2030, but now the plan is 1 million bots by 2030? And this is all after the plan to have 1 million Robotaxis by 2020. As long as the goal posts move it doesn't matter

I also used to believe in merit, fundamentals, and logic...now I know better.

I don't think it will truly start to fall to its actual value until Vanguard and other pension investment groups start to divest from Tesla unfortunately.

That’s a very relevant point, a deep product range really is vital for company car market in UK

Brits got bombed by Roman saluters. Only a bright mind would use that to their advantage!

Oh my god this website is unusable!! So many shitty adverts

Public distrust TSLA = immediate stock increase

Yeah most Brits don't like them for some reason

Musk has made some huge promises regarding self driving cars. If these promises become reality he could generate revenues worthy of that share price. If he had self driving software, he could sell it to other companies. When he first made these promises, he would have had a monopoly on the technology, but other countries are catching up.

I wish the press would stop saying “a gesture likened to a Nazi salute.”

Yesterday I read an analyst calling it Tesla‘s „legacy EV business“. Dem people be crazy.

All that money they save if they don’t have to have cars, dealer networks or charging stations. To the moon.

They are right to do so

And Bob's your uncle!

Which won't happen for a while.

Mistrust or distrust? In the states we Distrust him and his taint spreads to all his organizations. Never Musk in my house, car, or internet.

"If"

"Mistrust". Is that a euphemism for "think he's a Nazi cock sucker"?!

The real question is “why?” It isn’t retail holding up the value of this stock. So why are the market makers still buying/holding? They aren’t doing so because it’s a viable company; it obviously isn’t. They know that just as well as us. So why?

Tesla Board: have another pay increase.

Often the higher level executives just get a car allowance and lease whatever they choose. That way they don’t have to be seen driving the same brand as a mid level manager’s wife.* For my wife’s company that meant most of those that qualified got to choose from a list of GM vehicles. Directors and above got a car allowance that was usually enough for a 5-series BMW while VPs+ could choose top of the line Porsche or Mercedes. Tesla was a popular choice for director level until recently. I disagree that politics doesn’t play a major factor in this decision. You don’t want a sales rep showing up to a new client in a car that could sour their relationship. You don’t want a parking lot full of teslas if an important new customer is in town for a meeting. Maybe it wouldn’t matter, but why take that chance. *the spouse was usually the one driving the company car because the sales manager had to lease a BMW so they could fit in with their director coworkers.

We saw a huge swing back from car allowances to direct company car leases once the BIK / salary sacrifice schemes made it more sensible to go that route. (Though of course some people still wanted stuff like petrol Porsches and kept their old car allowances). I currently run a small conference venue. Last weeks corporate group (all senior PMs for a large UK contractor) were all Audi EV or Polestar. Last year there would have been a couple of Model 3/Ys. The 2021 Lease hay days of Tesla UK are over and all those 3 year BCH cars are sat in some British Car Auctions field rotting, as Tesla drips them out into the used market at a pace that doesn't crater the residuals.

Why not both?

As a Yorkshireman I'm reyt chuffed at this! Now excuse me while I go t'pub for a celebratory pint!

Lol you're still wondering if the snake oil salesman will deliver. Be serious please. He's years behind Waymo doubling down on a stupid approach, and nobody wants anything to do with Mr "Roman Salute".

Their main products are hype and securities fraud why waste resources on anything else.

>Musk has made some huge promises regarding self driving cars. You misspelled "lies", and he's been spouting those off for a decade now. > If these promises become reality he could generate revenues worthy of that share price. Lol, no, not at the price they want for it. You think that the majority of people who already don't like the price of electric cars are going to shell out an extra $8k for FSD? >If he had self driving software, he could sell it to other companies. There's zero chance of that. Not only would be unwilling to sell it for a reasonable price, but what manufacturer would trust it? His fundamental lack of understanding about sensors and their limits, and especially sensor fusion, as well as the need there would be to use the same hardware, and the litigious nature of Tesla makes this idea a non-starter, for any company. >When he first made these promises, he would have had a monopoly on the technology, That's the dumbest FSD comment I've ever read. So because he made a ridiculously false statement you think that means they're ready to sell it? No. Randomly calling out what you *want* to make and pretending that means you made it then isn't how it works. FSD has never lived up to it's name. >but other countries are catching up. Countries? It's not about countries, other than maybe China, but even there, their companies are competing with each other, it's about companies.

> Correlation does not equal causation. Absolutely, but Tesla's sales are down (more or less) everywhere in the world, while other EV makers sales are up (more or less) everywhere in the world. Thinking that the cause in the UK is somehow unique is... a little simple.

I don't think it's the UK that's causing it. I think it's a stale product offer across a reducing number of segments. They went from a 4 car line up to a two car line up across all markets outside North America. People will probably hand wave away the tiny numbers of the S/X, however that's somewhat missing the point. Tesla could have put money into an all new Model X (sans the stupid doors) and had a credible Range Rover replacement that would have sold in significant numbers for great margins.

I’ve been holding since 2019 haven’t sold a single share and have made hundred of thousands. Think long term fundamentals. This stock will 5X in couple of years. An extremely volatile stock but the fundamentals always bring it back.

>can innovative strategies like robotaxis revive its fortunes That line made me laugh. Is it innovative b/c they are basically trying to sell a normal taxi as a robotaxi? Waymo is so far ahead of them in having an actual robotaxi. Not to mention taxis/ubers these days are low margin businesses.

I was trying to read the article when an ad popped up and it wouldn't close when I hit the "x". So that was the end of my ability to read it.

And I wish people would stop taking the bait, and discuss Tesla on its (lack of) merits, but here we are.

The fundamentals of a P/E ratio of 252 for a stock in a car company (yes, they're a car company, no matter what Musk tells you) that has never paid out dividends? Or are you talking about the fundamental sales numbers, which have never been lower? You gotta be kinda specific, because you are literally talking out your ass, trying to sound like an MBA. Here's the truth: You got lucky. If you are talking about "solid fundamentals" in that particular stock, you did the equivalent of sitting down at a poker table, drawing a straight flush and now giving advice based on "royal flushes happens all the time".

Which "fundamental"? Crazy PE ratio...dropping sales, or loss of carbon credits?

Didn't Tesla quit making RHD S and X...leaving only 2 models?

They tried for a bit to sell the Model S in the UK in LHD 🤣🤣 But as it stands now they've also stopped selling the LHD S and X in both the EU and Chinese markets. This will be because the homologation rules are always getting stricter and Tesla have spent no money on keeping up.

I almost forgot - they sold a "reaching stick" for the drive through lane.

So you're making money by funding a nazi. Shameful.

You can acknowledge that Tesla has a lack of merits and that it is also owned by a nazi. In addition to repeatedly saluting Hitler on television, Musk has repeatedly pushed anti-Semitic propaganda on the social media platform he owns. He spent Holocaust Remembrance Day telling a modern nazi party not to feel bad about the Holocaust, and the workplace he ran was found to systematically harrass its Black workers (including the presence of swastikas in the workplace, as noted by a court of law). Both things can be true: Tesla sucks on its own merits, and it is also owned by a nazi who sucks.

"There are only two things that are infinite: the universe and human stupidity. And I'm not sure about the universe"

For 'mistrust' read 'despise'.

They’re holding because it’s in their S&P 500 index. Buying individually? Because they <3 Nazis

Name single car company that would sign onto that much liability for something they can’t control.

You’re fucking kidding me.

[https://electrek.co/2023/06/30/tesla-gives-new-owners-uk-grabbing-stick-after-forcing-left-hand-drive/](https://electrek.co/2023/06/30/tesla-gives-new-owners-uk-grabbing-stick-after-forcing-left-hand-drive/)

The true value is that Tesla is everything. Clearly it’s not an auto company anymore. It’s an everything company. Energy, battery, tech, artificial intelligence, robots, hopes and dreams. With this as an excuse, the stock is destined to only go up. Any one sector can do bad, doesn’t matter - Tesla’s focus is everything else!

Robotaxi. They have a dozen vehicles in service that are manned.

The word “if” is doing a whole lotta heavy work in that comment…

Have one for me, mate.

You want it to say just "a nazi salute"? :D

Tesla - we do everything - or nothing - but nothing had been trademarked already... Edit: kind of like MomCorp in Futurama, isn't it?

Yes.

That would be false. It's an ancient greeting gesture from the Aztec tribes which means: "My heart has grown this much" and has nothing to do with nazis. Elon would never do such a thing, or take ketamine etc.

The number is going up by supporting a nazi. Nothing gets made until the sale happens.

I don't believe you understand what the word fundamentals mean.

[removed]

Well that's just rude...

I don’t engage with Nazi sympathisers. Again. Fuck off.

The price is a bet that Musk will eventually be atop the coming technocracy.

Well done UK, Bravo. Hope the whole world will follow👍