this post was submitted on 09 Feb 2025
874 points (98.4% liked)

World News

40512 readers
2896 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Summary

Tesla's European sales are plummeting, with Germany seeing a 60% drop despite strong EV growth. Similar declines hit Norway, Sweden, and France.

While some blame the Osborne effect—buyers delaying purchases for a refreshed Model Y—Musk’s endorsement of Germany’s far-right AfD may also be repelling customers.

Online backlash has linked Tesla to fascist imagery. In contrast, UK sales fell only 7.8%, suggesting political factors play a role.

With strong domestic EV competition in Europe, Tesla’s reputation crisis could further hurt demand.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 37 points 1 day ago (1 children)

The market can stay irrational longer than you can stay solvent...or sth like that.

[–] [email protected] 10 points 1 day ago

"In the short term, the market is a voting machine, but in the long term, it is a weighing machine" - Benjamin Graham ("father" of value investing and mentor to Warren Buffett)

Meaning that in the short term, stock prices can be swayed from a company's true value by investors' emotions and opinions.

But eventually the stock price will align with the company's actual profitability and growth potential.

And you're right that these are crazy times, and the "short term" irrationality can last a lot longer than past experiences.

Historically, we've used examples like the 17th century tulip mania, or the dot com boom, but it won't surprise me if Tesla becomes the poster child for this quote in the future.