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Musk’s politics see Tesla sales collapse in Europe

Arstechnica

Arstechnica · 3m ago

Musk’s politics see Tesla sales collapse in Europe

Tesla is experiencing a significant sales decline in Europe, with drops over 50% in countries like the UK, France, and the Netherlands. Sales fell by 62% in the UK and 46% in Germany despite rising overall BEV sales. Contributing factors include an outdated product lineup, competition from Chinese and European brands, and CEO Elon Musk's controversial political stance. Meanwhile, Tesla’s production capacity remains underutilized, with only Italy and Norway seeing sales growth.

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Elon Musk’s introduction to politics | TechCrunch

TechCrunch · 2m ago

Elon Musk’s introduction to politics | TechCrunch

Elon Musk has become heavily involved in politics, aligning with Republicans to address government waste. However, he is frustrated with a new Congressional bill that impacts Tesla adversely, describing it as a "disgusting abomination." The bill proposes ending the EV tax credit in 2026 and restricts solar tax credits, threatening Tesla's energy and automotive divisions. Musk's alignment with politics hasn't shielded Tesla from policies affecting clean energy and electric vehicles.

Protests, broken windows, even arson: Tesla’s massive Elon problem

Arstechnica

Arstechnica · 5m ago

Protests, broken windows, even arson: Tesla’s massive Elon problem

Elon Musk's involvement in politics, particularly with US President Donald Trump, has tarnished Tesla's reputation, leading to protests and vandalism against the company. Once the leader in electric vehicles, Tesla now faces fierce competition from established automakers and Chinese startups. Declining sales in Europe and China further strain the company. Demonstrators across the US express anger at Musk's political influence, resulting in vandalism and arson targeting Tesla properties.

Tesla continues to circle the drain

The Verge

The Verge · 2m ago

Tesla continues to circle the drain

Tesla is facing a brand crisis in Europe, with sales dropping nearly 50% year-over-year in April, despite a rise in overall electric vehicle sales. This decline coincides with recent political controversies involving Elon Musk, who has supported far-right politics in Germany and been involved with the Trump administration. Competition from domestic and Chinese manufacturers is also intensifying. Musk's focus on other ventures, like AI and robotics, exacerbates Tesla’s challenges, leading to a weakened brand image.

Teslas turn toxic as sales crash in Europe and the UK

Arstechnica

Arstechnica · 6m ago

Teslas turn toxic as sales crash in Europe and the UK

Tesla's sales in Europe and the UK have significantly declined, with sharp drops in France (63%), Germany (59%), and the UK (12%) in January 2025. Despite overall growth in electric vehicle sales across these regions, Tesla's outdated model range and CEO Elon Musk's controversial involvement in European politics are possible factors contributing to the decline. Additionally, Tesla's sales in Sweden, Norway, and the Netherlands also saw substantial decreases, indicating a broader regional challenge.

The case against Elon Musk’s $46 billion pay deal

Livemint

Livemint · 1y ago

The case against Elon Musk’s $46 billion pay deal

The upcoming annual general meeting at Tesla will see a vote on Elon Musk's controversial $46 billion pay deal. Critics argue that the deal is disproportionate, being nearly 300 times higher than the salary of America's highest-paid CEO. Furthermore, it is more than double Tesla's cumulative free cash flows and represents about 8% of the company's market value. Proponents argue that Musk deserves this compensation for his outstanding performance, and that denying it now would be biased hindsight. However, the focus on this issue highlights the governance problem at Tesla, where Musk dominates the board that is meant to oversee him.

Tesla board opened search for a CEO to succeed Elon Musk

Economic Times

Economic Times · 3m ago

Tesla board opened search for a CEO to succeed Elon Musk

Tesla's board initiated a search for a successor to CEO Elon Musk, prompted by his involvement with the Trump administration and declining sales of Tesla's vehicles, according to a Wall Street Journal report. Musk, facing investor criticism, pledged to focus more on Tesla. However, the status of this succession planning remains unclear. Protests and vandalism related to Musk's politics have impacted Tesla, but it's uncertain if Musk was informed of the board's actions.

With BYD in fast lane, Tesla's Europe sales in July decline over 50% on-yr

Economic Times

Economic Times · 8d ago

With BYD in fast lane, Tesla's Europe sales in July decline over 50% on-yr

Tesla's sales in Europe's key electric vehicle markets are declining, with July sales in Germany and the UK dropping by over 50% compared to last year. The slump continues despite increased production of the redesigned Model Y. China's BYD is capturing market share, quadrupling registrations in both countries. July saw BYD outselling Tesla in Germany for the third time this year. Analysts predict BYD could surpass Tesla globally for 2023, as it gains traction in Europe.

Elon Musk’s reputation is falling — and it’s taking Tesla with it

The Verge

The Verge · 1y ago

Elon Musk’s reputation is falling — and it’s taking Tesla with it

Elon Musk's controversial behavior is likely contributing to the declining sales of Tesla, according to reputation tracking firm Caliber. Data shows that Tesla's consideration score, indicating consumer interest in the brand, has fallen to 31% from its high of 70% in November 2021. Meanwhile, consideration scores for competing EV manufacturers Audi, BMW, and Mercedes have increased slightly. Another study found that 42% of US consumers view Musk unfavorably, with his conduct facing scrutiny and controversies. While Musk's behavior is likely a factor, Tesla also faces challenges such as manufacturing delays and increasing competition from other EV providers.

Elon Musk’s wealth soars $34 billion as Tesla comes roaring back

Economic Times

Economic Times · 9m ago

Elon Musk’s wealth soars $34 billion as Tesla comes roaring back

Elon Musk's net worth surged by $33.5 billion as Tesla's shares had their biggest gain in over a decade. This solidified Musk's position as the world's richest person, with a wealth of $270.3 billion. The boost came after Tesla reported its highest quarterly profit since 2023 and Musk predicted strong vehicle sales growth. Tesla's success is crucial for Musk's wealth, as the company's shares and options make up about three-quarters of his fortune. Musk also made headlines for his support of Donald Trump and his advocacy for autonomous vehicles. He believes that Tesla will become the most valuable company in the world.

Elon Musk’s computer coup

The Verge

The Verge · 6m ago

Elon Musk’s computer coup

On The Vergecast, David Pierce discusses Elon Musk’s influence over US government systems, analyzing the risks and implications. The episode also covers tariff issues affecting tech products, highlighting potential price hikes and distribution challenges. Additionally, it explores changes in the streaming industry, including Fox’s new service and Disney’s cable strategy. Lastly, the hosts delve into Sonos's upcoming products, FCC controversies, and OpenAI's branding updates. The discussion encompasses technology, politics, and media shifts.

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