Tesla sales in Europe 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

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.

  • MBech@feddit.dkEnglish
    32·
    17 hours ago

    And that’s a very fair point, but at least around me, the deductible costs about 100€ if someone damages my car while it’s legally parked. I’m not going to worry much about someone dinging my car once in a blue moon with that kind of deductible, and I’m definately not going to pay ekstra to get a fancy camera system.

      • MBech@feddit.dkEnglish
        2·
        8 hours ago

        I just took a look on my insurances online calc. I’m contractually guarenteed to not have my rates go up no matter what.that isn’t an extra thing, it’s part of the base insurance. If I pay 100€ ekstra pr year, they completely remove the deductible from damage to the car while it’s parked up to a repair cost of 2000€.