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.

  • kiku@feddit.org
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    14 hours ago

    It’s also weird because if they get rid of Elon then people would start looking at the actual fundamentals of Tesla which would lead to a much much lower stock price. In December, Tesla was valued at roughly the same as the rest of the worlds auto manufacturers combined, despite selling only 3% of the worlds cars in 2023.

    • BilboBargains@lemmy.world
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      7 hours ago

      It’s an aspirational brand that is the result of a carefully curated public image. Tesla are notable for their litigation propensity, dubious technical claims and avoidance of benchmarking, e.g., JD Power.