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.

  • KayLeadfoot@fedia.io
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    1 month ago

    This story combines like 3 headlines worth of bad news into one shit sandwich, and man the whole deal tastes like Schadenfreude feels XD

  • Fair Fairy@thelemmy.club
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    1 month ago

    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

  • Echo Dot@feddit.uk
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    1 month ago

    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.

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      1 month ago

      And that’s despite a 27 percent tariff on Byd by the EU, which is even more embarrassing for Tesla.

      • Echo Dot@feddit.uk
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        1 month ago

        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.

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    1 month ago

    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.

    • Fair Fairy@thelemmy.club
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      1 month ago

      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

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        1 month ago

        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.

  • Gates9@sh.itjust.works
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    1 month ago

    This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.

    Liquidate Musk

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    1 month ago

    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.

    • NotJohnSmith@feddit.uk
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      1 month ago

      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

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        1 month ago

        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.

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        1 month ago

        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.

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        1 month ago

        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.

        • reiterationstation@lemm.ee
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          1 month ago

          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.

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            1 month ago

            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?

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          1 month ago

          I really think people are banking on him buying a public contract to make the government use teslas.

  • keys42@literature.cafe
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    1 month ago

    I know new cars depreciate fairly quickly across the board. Does anyone know what the average is?

    • icedterminal@lemmy.world
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      1 month ago

      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.

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        1 month ago

        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.

        • Horsey@lemmy.world
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          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.

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            1 month ago

            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.

    • normalexit@lemmy.world
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      1 month ago

      The new slate truck looks super cool. I don’t want to support bezos, but a small affordable electric truck is what I personally want.

      I just want something to run to the store with that doesn’t burn gas.

      • NotJohnSmith@feddit.uk
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        1 month ago

        Does that need to be a truck though? I guess in your situation it does but I can’t imagine living so far off road that I need a truck to run to the store.

        I do like the concept of Bezos truck (having always felt EV design should have gone in the direction of small efficient low range cars) but feel it won’t carry anything that a small estate couldn’t.

      • Fair Fairy@thelemmy.club
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        1 month ago

        I doubt Tesla can survive in US alone.
        They need global sales.
        And market is such where Chinese electric cars are much cheaper anywhere where they sell them. Tesla is going to Iose global sales for sure

        • Ledericas@lemm.ee
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          1 month ago

          yea, tesla isnt surviving, which is why musk already moved onto to his new tow, AI.

  • nthavoc@lemmy.today
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    1 month ago

    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…