Is Elon Musk hurting Tesla? (Mod Note Post #1)

sk8board

https://www.boards.ie/discussion/comment/123230516#Comment_123230516

You’re being a bit selective - it’s only EV registrations, and only for February. Tesla’s delivery schedule is out of sync with the Irish market and always has been.

Tesla accounts for 1.1% of the new car market for 2025 to date, and Jan/Feb are the biggest sales months of the year bar July, so there will be months where Tesla have disproportionate market share.

Or to put it another way - 99% of buyers chose something else.

sk8board

interesting aside - if you bought TSLA in Feb 2021, you’re currently down. It’s really been quite a rollercoaster.

Haven’t had the open today yet, but I assume it’s following the market off a cliff

Red Silurian

https://www.boards.ie/discussion/comment/123230923#Comment_123230923

Yes, I am being selective, I selected one car brand and the sales figures for one month this year and the corresponding month last year. If you take January and February into account 2024 figures saw 412 cars sold and 2025 saw 540 cars sold. An increase of about 31%. IE 31% more sales of Tesla this year so far than last year

https://www.boards.ie/discussion/comment/123230949#Comment_123230949

Do you want to try that post again but this time in English?

liamog

https://www.boards.ie/discussion/comment/123231081#Comment_123231081

Seems reasonable in this case, lots of cases of people using the drop in sales of Tesla vehicles in other markets to show that consumers are going off the brand and seeking alternatives. The data is showing we're an outlier (30% increase) for Jan and Feb. I'd be surprised if that lasts through the full year.

meat eating green

A dozen Teslas were burnt out at a dealership in Toulouse yesterday

DrPsychia

Sales figures from Tesla Australia - Model 3 highland sales down 78% year to date compared to 2024. So the sales slump isn’t solely because of people holding out for Y refresh. His behaviour is affecting M3H sales

It’s solid evidence that Elon is damaging the brand. Share price -6.5% after 1.5hrs of trading.

yagan

Even if you didn't care about Tesla I can imagine there strong emotions around that would make a Tesla dealership a target to get back at Trump for his ambush last Friday.

Red Silurian

https://www.boards.ie/discussion/comment/123231135#Comment_123231135

There will be a boost later in the year when the new Y comes to our shores, the question is how significant a boost it will be

embraer170

https://www.boards.ie/discussion/comment/123231307#Comment_123231307

I don't know many people holding out for the updated Model Y. Most people I know looking for new electric cars and were previously considering a 3/Y are now going for alternatives: BMW / Polestar / VW.

cnocbui

https://www.boards.ie/discussion/comment/123231189#Comment_123231189

https://www.france24.com/en/live-news/20250303-dozen-teslas-torched-outside-french-dealership-authorities

Oh dear; I think that answers the thread question.

yagan

Sales reportedly down 50% in China.

sk8board

https://www.boards.ie/discussion/comment/123231081#Comment_123231081

there’s honestly no need to be insulting. The post is in English - it refers to the Tesla share price. Look it up.

As for the Tesla sales, they are the 21st top selling car brand in Ireland for Jan and Feb - a 30% movement off such small numbers isn’t unusual, it’s just statistics.

I look at them rationally, you look at them as some sort of dawn of a new age.

liamog

https://www.boards.ie/discussion/comment/123232376#Comment_123232376

I doubt many people would have predicted an increase in Irish EV market share for Tesla in the first two months of this year.

Red Silurian

https://www.boards.ie/discussion/comment/123232376#Comment_123232376

If you are referring to Tesla stock, you're wrong there as well, in February 2021 the share price was hovering about the $200-$250, yesterday it closed at $279.60, which is between 11% and 39% higher depending on what date in February you purchased stock. Ireland sales probably won't be too bad but almost every other European market will likely see sales drop significantly so I would expect the share price to collapse around April when EOQ results are in. Shares are a mugs game anyway

I look at all EVs as being the dawn of a new age like most people in fairness.

Red Silurian

https://www.boards.ie/discussion/comment/123232117#Comment_123232117

It happened with the model 3, sales of the older model were quite low in the run up to the highland launch. BMW/Polestar/VW would be much more expensive vehicles. The month of Xpeng's first deliveries will be an interesting one

JohnC.

There's loads of news stories and videos of Cybertrucks, from an owners club, being booed and having stuff thrown at them in a pre-Mardi Gras parade in New Orleans. One of the infamous bulletproof windows was even broken by Mardi Gras beads.

Stallingrad

Tesla fast becoming a pretty toxic brand courtesy of EM. Shareholders must go to bed each night praying for an intervention.

jimmycrackcorm

https://www.boards.ie/discussion/comment/123233070#Comment_123233070

What are you talking about - anyone can google the TEsla share price and see the actual drop in February.
A month ago the price was $378 - down 28%

MJohnston

https://www.boards.ie/discussion/comment/123233415#Comment_123233415

That poster was saying "since February 2021" so to be fair to them, that's not the comparison you're making.

But to not be fair to them — the topic of this thread is "Is Musk hurting Tesla" and I'm not sure why you'd be making comparisons to 2021 in that case. He only went full nutjob in 2023 or so

yagan

Polestar taking advantage of discontent Tesla owners.

https://insideevs.com/news/752184/polestar-3-tesla-lease-deal/

Last week, Polestar announced a special $5,000 discount for Tesla drivers looking to lease the company's new Polestar 3 crossover. With that deal and another $15,000 of incentives to lessees, Tesla owners could get a $20,000 lease discount to become ex-Tesla owners. 

On Friday, the brand's U.S. head of sales said in a LinkedIn post: "This week saw some of the highest order days for Polestar 3, and the response to our Tesla Conquest Offer has been incredible."

sk8board

https://www.boards.ie/discussion/comment/123232534#Comment_123232534

totally agree - I’m simply saying that the numbers are bordering on a statistical anomaly. It’s 400 M3’s and 120 Y’s, roughly, or to express it in marketshare it was 0.8% last year and 1.1% this year.

changes in Tesla’s deliveries changes the growth or decline numbers disproportionately.

The Feb Tesla numbers for China are particularly interesting in that they are built locally and don’t have delivery restrictions, while the overall market is booming it seems

Red Silurian

https://www.boards.ie/discussion/comment/123233415#Comment_123233415

I'll repeat your original comment below

interesting aside - if you bought TSLA in Feb 2021, you’re currently down. It’s really been quite a rollercoaster.

When you specified "Feb 2021" I presume you meant the month of February in the year 2021. Silly me

https://www.boards.ie/discussion/comment/123233566#Comment_123233566

I don't see that offer available here. Polestar 3 starts at €94.5k so a different market to Tesla I'd argue. Best not talk about the owner of Polestar either if you want people to change to your brand due to Musk

I wonder are owners of other car companies praying that their CEOs don't go full nutjob, or would they even care

MJohnston

https://www.boards.ie/discussion/comment/123233642#Comment_123233642

Both can be right — TSLA price in February 2021 ranged from $292.34 to $233.33, and is currently trading around $272.04

yagan

https://www.boards.ie/discussion/comment/123233642#Comment_123233642

Tesla isn't an Ireland only car.

I'm going to put you on ignore for a while as I feel you're being pointlessly defensive about something that's beyond our control.

Red Silurian

https://www.boards.ie/discussion/comment/123233684#Comment_123233684

I'm just giving the facts as it relates to Ireland. But also it's important to note that any given CEO can go nuts like he is

If you want my opinion I'd say the EOQ sales figures will crash and Tesla share price will drop in April as a result. Usually there's an annual shareholder meeting in June, this is an opportunity for the shareholders to fire him as CEO and de-toxify the brand. Will they take the opportunity? 50/50! Should they take it? Yes!

sk8board

https://www.boards.ie/discussion/comment/123233684#Comment_123233684

I did the same yesterday

DrPsychia

Tesla’s sales fall 76% in Germany amid Musk’s electioneering

It'll be interesting to see the markets reaction when it opens.

DrPsychia

https://www.boards.ie/discussion/comment/123233740#Comment_123233740

I hope I'm wrong, but I doubt the likes of Vanguard or Blackrock would want to endure unrelenting investigations and audits from the IRS, given Musks grip on the Oval Office.

It's true that any CEO can become unhinged like Musk, however I can't think of a CEO of a car manufacturing company or multinational that it has happened to, and if it did, I have no doubt the respective board of directors or shareholders would act swiftly and decisively.

The Tesla board is stacked with Musk's close associates. Vanguard and Blackrock along with a decent chunk of retail investors could vote to replace the current board with a hostile board who could get rid of Musk but it's a moonshot. I doubt Blackrock's Larry Fink, or the Vanguard CEO wants to be in the US presidents crosshairs. As far as I'm concerned, they're all psychopaths, and each of them is extremely dangerous in their own right.

sk8board

https://www.boards.ie/discussion/comment/123234321#Comment_123234321

bear in mind that the nature of ETF-like products means that everyone with a generic investment fund will own some TSLA in their portfolio, I know I certainly do.

In other words, vanguard, blackrock etc don’t own Tesla out of some astute investment research necessarily - they own it because they have to.

yagan

February figures in for Germany.

Just 1,429 of the US group's electric vehicles were registered in Europe's biggest auto market in February, down over 76 percent year-on-year, the KBA federal transport authority said.

In February, a total of around 36,000 battery-powered vehicles were registered in Germany, around 31 percent more than in the same month last year.

https://www.barrons.com/news/tesla-sales-in-germany-fall-76-in-february-9fb92a0d