this post was submitted on 03 Feb 2025
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submitted 20 hours ago* (last edited 20 hours ago) by MicroWave to c/world
 

Summary

Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales' 0.5% decline.

Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.

Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.

CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.

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[–] [email protected] 66 points 17 hours ago (6 children)

I don't understand how the stock is STILL so high

[–] Supervisor194 50 points 16 hours ago* (last edited 16 hours ago) (2 children)

One of the few conspiracies I actually subscribe to is that there is no legitimate stock market anymore, it is 100% under price control. Wins and losses - such as they are - are being determined by huge banks and hedge funds using AI algorithms, dark pools and phantom shares to maintain an iron grip. I got started down this path when I read Michael Lewis' book Flash Boys, which, like this video was made over 10 years ago.

[–] grue 32 points 16 hours ago (1 children)

I don't know that there's any sort of conspiracy, but it's definitely true that a huge part of the market is in "dumb money" -- index funds that just buy every stock weighted by market cap, and thus exert no influence on what the companies actually do.

[–] [email protected] 3 points 8 hours ago (1 children)
[–] [email protected] 2 points 7 hours ago

My 3%-match 401k: ididntdoshit.jpeg

[–] thisorthatorwhatever 6 points 15 hours ago

I also suspect that because so much manufacturing is in China, what we think of as the world's stock market is just a small fraction of anything. Does an index count if an index doesn't measure much?

[–] dogslayeggs 43 points 17 hours ago

They released info to shareholders last week that showed an 8% drop in year over year sales... and yet the stock went up. Maybe people expected the drop to be even higher, so the drop was already priced in?? But it just feels like there is market manipulation going on.

[–] grue 21 points 16 hours ago (1 children)

My guess is that, with Musk basically in charge of the government now, investors are expecting huge returns from corruption.

[–] [email protected] 15 points 15 hours ago

Yeah, the guy who apparently now controls the strings of the government could just click a button to have the government order 1 million Teslas.

Other than investing in the hopes of seeing returns from corruption, it doesn't really make any sense.

[–] SkunkWorkz 12 points 17 hours ago

It’s a cult.

[–] [email protected] 1 points 13 hours ago

Elon and Trump are butt-buddies.