Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.

Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla’s billionaire CEO had promised a “major rebound” was coming last month, adding to a recent buying frenzy among investors.

They were selling on Wednesday, pushing the prices down more than 4% in early afternoon trading.

        • towerful@programming.dev
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          2 hours ago

          From the wiki, and I’m simplifying:
          VW was handed over to the German government after being offered free-of-charge to Ford in 1948 by the British government (who ran the factory up till then).
          In 1946 the produced 1000 cars per month. In 1949, 2 cars were sold in the US.
          In 1952, 12 VWs were sold in Canada.
          In 1955 they produced over 1 million Beetles.

          So 3 years on life support being ran by the British. Dunno how long being run by the German government before becoming GmbH.

          • matlag@sh.itjust.works
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            1 hour ago

            And at these times, they could claim “Nazism is dead”. The issue with Musk and Tesla is nazis are not going anywhere anytime soon. Maybe they should hire VW’s CEO, actually. He managed to get the brand past the diesel-gate.

            • towerful@programming.dev
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              3 minutes ago

              So, we should be sending people to prison? Cause that’s what happened to people involved in dieselgate. Along with the affected cars being recalled and the owners compensated.