Tesla car sales in Europe are plummeting. France and Germany are showing over 50% drops.
Car sales here are about to plummet as American consumers realize the massive damage that Elon Musk is doing to the American economy.
American farmers sell the U.S.A.I.D $2 billion of farm crops each year — some of which is now rotting on wharves and in transport as USAID workers are jobless and not moving the crops. Thank you Elon.
News I found: Tesla delivered 1.79 million vehicles worldwide in 2024 – 1.1% fewer than in 2023. The figure marks the company’s first-ever annual sales drop, The New York Times reports. Tesla commanded less than half the electric vehicle (EV) market for much of 2024, as more competitors released new electric cars than ever before.
Chinese competitors are ramping up big time — especially in Europe. We haven’t seen the onslaught of Chinese EVs into the U.S. — yet. Chinese EVs are remarkably appealing, says my son, Michael, who lives in Amsterdam.
The last three months have not looked great for Tesla’s stock. The “Election Bloom” has disappeared for the reality of the ill-will Musk is creating for himself and his cars.
Don’t believe me about the ill-will? Google “Demonstrations Against Musk.” Look what you get this morning:
Elon is trying “The Twitter Strategy” with the U.S. government; Fire as many people as possible. Run a learner, more profitable operation. Sadly, the U.S. Government is not an online app. It has to do real things — like build roads, send social security checks, pay seniors’ medical bills.
The Federal government employs around three million people. It is not the paragon of virtue or efficiency. Wasn’t that the job of the Inspectors General? Oops…Trump fired them.
I don’t see anything positive for Tesla shares coming up. And the shares are falling from their December 17 high.
There are better shares around. My top % gainers are now META, NVDA, GRAL, and NFLX.
I listened to Amazon’s earnings call last night. It was engrossing. Here’s one of the slides. Amazing growth, given that AWS is already so large:
You can catch the rest of the slides and listen to the webcast on Amazon’s site.
AMZN may fall a little this morning, making it cheaper to buy.
I’m outta Tesla. I suggest you do the same.
See you shortly. — Harry Newton