- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
A survey of 100,000 Germans found that 94% refuse to buy a Tesla, signaling a major crisis for the company.
Tesla’s German sales dropped 70% in early 2025 after a 41% decline in 2024, despite overall EV sales rising.
Analysts attribute the slump to CEO Elon Musk’s far-right political endorsements, including promoting the AfD party and making Nazi-related gestures. Musk is under European investigation for political meddling.
With Tesla’s reputation plummeting, industry experts predict further losses in Germany’s competitive EV market.
If the Tesla board of directors was being responsible to shareholders, they’d have recognized the damage the public perception of Elon is doing to the company and either have him rein it in or outright remove him. However, Elon’s gotten a number of his cronies onto the board, so I don’t think it’s happening unless the shareholders vote out the current board.