Tesla’s share of China’s EV market shrank to just 3.2% in October, down sharply from 8.7% the previous month and its lowest in more than three years.

Tesla’s poor performance in the world’s largest auto market follows dismal sales last month in European countries such as Germany, Spain, the Netherlands, and the Nordics, in the latest sign that it continues to struggle on the continent.

  • thejml@sh.itjust.works
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    4 days ago

    It’s not tepid demand… i know plenty of people who would buy one if the CEO wasn’t Elon. Seriously the best thing the board could do for the stock growth is to can that guy.

    • TryingSomethingNew@sopuli.xyz
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      4 days ago

      Except the only reason Tesla stock is worth its crazy price is because Musk is there. The instant the Reality Distortion Field vanishes, so do they. Which is why they voted for that pay package - he vanishes and so does all that money.

    • LOGIC💣@lemmy.world
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      4 days ago

      I have heard that the Tesla board is stacked with people who Elon personally chose. So that is why they constantly give him money and basically do not act anything like a public company. I suspect they are all stealing from the company’s shareholders.

      So just firing Elon is not enough. The board needs to be completely replaced, and the new board needs to file the biggest lawsuit in history against Elon and the former board members. That’s really the bare minimum for Tesla to recover.

      But most likely, the company simply needs to go under and let some other company buy their IP.

    • 3abas@lemmy.world
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      4 days ago

      Chinese Tesla would be buyers don’t care about Elon’s Nazi salute or his fascist ambitions. One of Elon’s dumbest moves was to open the China factory, they sold like hot cakes until China did what China does…

      You can buy a premium trim fully loaded zeekr x for under $30k, it’s a dual screen Model Y on steroids with significantly more luxury features, why would you buy a Tesla with all the Chinese EVs offering more for less?

  • Øπ3ŕ@lemmy.dbzer0.com
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    4 days ago

    Tepid, flaccid, repugnant, pernicious, noxious, prolapsed meatstick… All ways to describe Musk. 🤷🏼‍♂️

  • hansolo@lemmy.today
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    4 days ago

    Y’all, please remember that the Tesla Board only offered to pay Elon $1T if he made it the most successful car company in the history of the planet.