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I feel like the EV adoption plunged since last year.
I'm ready to buy a second one, to replace an older vehicle, but I will get a used one this time.
The funny thing is that people had to come to the absolute conclusion that Elon is a piece of shit to finally stop buying his shitty cars.

Both things have been obvious for a very long time. Better late than never.

And still trading at a p/e of 180+. Anyone able to offer an explanation?
Giving the middle finger to the people that helped build your brand probably isn’t a great way to inspire repeat customers, especially with so many compelling apolitical alternatives.
It's worse than that. Two years of declining sales at Tesla.[1] Mostly for ordinary car manufacturer reasons. Tesla hasn't had a new model in years other than the Cybertruck, which was a dud. Prices are still too high.

Electric cars still cost more than gas cars in the US. This seems to be a US-only problem. Electric cars are doing fine in the rest of the world. A majority of new cars in China are electric.

Here's the BYD Dolphin Surf. Costs US$11,000 in Europe.[2] It's apparently a fairly good car. BYD has a whole range of cars, from super-cheap subcompact to supercar. BYD sold over 4 million cars in 2024. Tesla was around 1.7 million and dropping.

[1] https://techcrunch.com/2025/07/02/tesla-faces-second-straigh...

[2] https://electrek.co/2025/06/30/byd-adds-range-to-most-afford...

> Here's the BYD Dolphin Surf. Costs US$11,000 in Europe.[2]

It costs the equivalent of $11k in China. It costs 19k EUR in Europe (some of this is tariffs, but they're likely also just taking advantage of how limited the sub-20k EV market is in Europe right now, and I'd expect that they have room to drop this once the VW 20k car launches).

At a normal corporation the board would have removed teh CEO by now. All politics aside, the sales and stock performance is a firable offense.