34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Musk’s political activities have soured public opinion on the company and contributed to declining global sales.
That’s not a political opinion. He did a Nazi salute on live tv
Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Because they’re actually good cars and they come in varieties other than sports. Tesla has always had this problem that as soon as real car companies come along their own vehicles start to look less appealing in comparison. Just look at the explosion of electric pickups. And then Tesla answer that with the cybertruck, seriously that was the best they could do?
They had it all their own way at first because there were virtually no other EV car manufacturers. That is now starting to change and they haven’t responded to that threat in any real way.
And that’s despite a 27 percent tariff on Byd by the EU, which is even more embarrassing for Tesla.
That’s also Tesla’s fault. They massively overprice their cars so that even when they’re competing against a tariff their cars are still more expensive than the competitions.
Oh and BYD cars have actually decent self-driving capabilities. Not that it’s 100%, but it’s a lot better than Tesla’s offering, and unlike Tesla you don’t have to pay extra for it, it’s just standard.
Not the collapse I’m hoping for, guess I gotta wait a little longer for that one.
This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk
Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
I would be surprised if an incel camino lasts 3-4 years of regular driving.
Why is this the first time I’m hearing it called the “incel camino”? That’s great.
Edit: Left out a word 🤦♂️
Because technically if you chose to buy one, you volunteered to be celibate. So there is no involuntary about it. They just don’t realize it. They should have read the fine print of their fash wagon closer.
Honestly I think these are probably better designed and more durable.
I thought you were going to link to a Trabant, but I’ll also be with you that any vehicle in Robert’s fleet is more durable and better designed.
It has a bunch of other nicknames - CyberAztek and ClusterTruck are the only others I can recall
after spending 100k+ on it, its a copium for them.
I’m happy they bought it because they thought it would make them feel cool and get noticed, and now they know everyone who sees them driving it thinks they’re an idiot… at best. Best possible outcome for both musk and the cybertruck crowd.
i noticed 2 types of people drive it, 1 musk , trump supporters, the other buying it because some had a new apple phone type of people, then they want it, so impulsive buying.
Infamy or Fame
Noticed them though right :Dthey cant think that abstractly.
There’s a good chance it’ll kill the owner sooner rather than later, so it’s an accurate statement.
Elon Musk is a Nazi
Thoughts and prayers to the wealthy attention-whore douchebags that were affected.
Maybe they can make their money back from YouTube videos tipping CyberTruck over cliffs etc
Can Ford hand over their Edsal trophy now for the worst American vehicle made? At least the Edsal was ahead of its time and looked like an actual car. Apparently still worth around $25k too! $65k if you find one with all the bonus features…
I know new cars depreciate fairly quickly across the board. Does anyone know what the average is?
The industry average is roughly 20% in the first year. And then 5% to 15% every year after. Heavily depends on the brand, model and market conditions. Cult cars like the Tacoma, Wrangler, WRX, and MX5, hold their value well. Whereas high selling, popular cars like the 2013 - 2017 Ford Escape tanked hard. I remember reading an article about that one and it was only worth a couple grand after 5 years.
Escapes are pretty bad cars. My ex had one with just over 100k miles, engine cracked and started leaking coolant into one of the cylinders. Totaled the car with no accident.
I got a 2024 escape as a loaner vehicle and drove it around for over a week. It’s literally the worst vehicle I’ve ever driven with respect to driving feel. It felt like I was driving a schoolbus. It had such poor acceleration and handling; sticker price was like 70K, and I wouldn’t even pay 20K for one. Also, it was like 60$ to fill the tank. Like why lol.
I had a 2006 escape with a v6 that felt amazing to drive. That thing accelerated like a beast. Anytime someone with a flashy sports car would pull up beside me at a red light and be revving their engine id floor it as soon as the light changed and leap ahead of them, until i hit 60 and then id level off and let them pull ahead. Such a satisfying feeling watching these wxpensive new cars drop behind though. Of course thats probably all due to their drivers, i dont acrual have any illusions that it was the faster car in most cases, but it did have very unexpected power and a nice amount of cargo space. I really miss that car. Shame they seem to have gone downhill.
Did u Americans even know there are BYD dealerships all over EU?
Tesla can’t compete on price and that’s the only metric that matters in capitalism.
We aren’t under capitalism anymore. We are transitioning.
At one point the merchants made more money than kings and that’s why we are under capitalism.
Now tech has made all of the money, and holds most of it, and so we transition again.
They don’t care about the old rules, that’s why they are breaking them.
Musk doesn’t need Tesla. He already has everything he needs to be a borderless king. So he is.
It’s you and I that need to care about money, but the oligarchs have transitioned from it already and no longer need to care.
Hilarious and deserved. They should have built something useful instead of overhyping a truck that can’t do truck things and gets bricked by rain or broken latches.
What sucks - I fund this abomination because as a US citizen I cannot buy cheap byd because they keep them out to prop up Tesla shit
Wdym?
I know they’re not cheap but there are way better options now: Hyundai, Volvo, Rivian, etc are making EVs. Hybrids (especially plugin) are available from some of the most reliable companies, ie Toyota.
I don’t really want one, but I’m tempted to go down and haggle.
“Really, given how unpopular they are and the unsold inventory, you should pay me to take one. It’s costing you money every day it sits here… Stop the bleeding…”
“There’s a price I’m willing to pay to be seen as a Nazi supporter, but we aren’t low enough yet”
“You laugh, but $20 is $20, right?”
The zune of cars.
The Zune was actually a great piece of hardware that was marketed poorly.
The Swastikkkar is a shit vehicle marketed poorly.
Every good thing MS has they suck at marketing. The Zune was a hardware mp3 player, a music app, and a music store/subscription. I don’t see why anybody couldn’t figure out what it was…
The Zune was also brown. It’s like they wanted it to fail.
I like brown
Mine was black
Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
I read that as rust. thinking that must be some low quality stainless on those trucks.
as they should be.
That’s just how they look clean. That metal doesn’t last. It also gets wobbly. Warpy? Like… it’s not that super flat metal anymore.
They look awful. Good.
Someone in my town owns a cybertruck. The metal started getting badly discolored so they painted it black. It doesn’t look any better in black.
I saw one that had been painted a matte black, and I gotta admit, it actually looked pretty cool. Still a wildly impractical, deathtrap of a car, but it did look like a cool vehicle you’d see in a sci-fi movie.
The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum’s irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.
I see the same but cannot for the life of me understand how the stock isn’t shitting the bed. The whole US market is irrational at this stage but Tesla is just ridiculous
I think his wild promise around the self driving taxi is protecting the value some. It’ll never get off the ground though, and I think once that reality hits the stock will tumble again.
It’s already down 45% from its high, and it’s never going back. That high was all a delusion, based on nothing but faith in Skum, and now that we know him, people don’t have that same faith.
The stock is being supported at this level by institutional investors. Every big fund holds a large chunk of Tesla stock, but that will start to change. With each successive disastrous earnings call, the stock will shed more and more investors, and at some point, the big institutional investors will start to dump it, too, and then it will properly crash.
A lot of people still believe Musk is some sort of tech genius, and he will revolutionize AI and robotics with Tesla.
But Tesla isn’t even among the leaders in anything anymore, either Electric cars, or self driving, or AI/robotics.
Tesla boasted the most profitable car production a few years back, and people think he is also some sort of production of scale genius. But today Tesla is selling every car at a deficit!
Their profits comes mostly from selling CO2 tax credits and then some from financial gains. The main business is losing money already, and that will probably get worse as the competition out-competes Tesla heavily in China and EU, and only USA remains as a niche market for Tesla behind a protective wall of import tariffs.lol no.
It’s a meme stock.
He can keep Tesla stock high by doing something extreme. He just needs to keep being more extreme than the last time. Buckle up buckeroo.
Maybe I’m naive, but I generally like to think that at some point people wise up. But Trump has proven me wrong way more clearly than I’d like to admit.
So maybe you are right?
I really think people are banking on him buying a public contract to make the government use teslas.
That won’t cut it. This could work for SpaceX but not Tesla.
There’s already a $400 million deal to buy armored Cyber trucks.
maybe they think that agent orange will bail it out and they’ll get free money?
