Yeah, I don’t think the lack of a new Model Y was the reason TSLA sales are crashing…
Tesla shareholders were holding on to the theory that the decline was almost entirely attributable to the Model Y changeover.
The automaker updated the design and some features of the Model Y, its best-selling car, limiting availability as it updated production lines in the first quarter.
It must indeed have had an impact and Tesla also blamed the Model Y changeover for lower deliveries in Q1 during its earnings call last week.
However, it also stated that production is now back to normal in April, and yet, Tesla’s sales continue to decline in Europe.
Within the 5 European markets that report car registrations daily, Tesla is not only tracking down about 50% from the same period in 2024 (Q2 2024), but it is also tracking behind its terrible Q1 2025 despite having the new Model Y
Fucking lol, that’s some Grade-A hopium right there.
Because Tesla is the most overvalued stock, by a long shot.
Just looking at the stock price, they’re worth more than the other three American brands combined. Ford, GM, and RAM sell more half-ton pickups than all of Tesla models. That’s absolutely nuts!
You want to know what a cult looks like? Tesla’s sales are down in every segment and people are protesting outside dealerships every week. They announced their profits are down 71% at their Q1 shareholders meeting. The only reason they had any profits was because of government subsidies.
And their stock has only gone up since that meeting.
So you tell me- why hasn’t Tesla’s stock gone down?