Autos trade group Mobility Sweden said new vehicle registrations of Tesla models were down 80.7% in April amid a backlash against the political activity of CEO Elon Musk.
Tesla registrations were 203 in April, down from 1,052 a year before.
It was one of the worst-performing automakers for the month in the Nordic country, and sat in contrast to an overall 11% rise in new passenger vehicle registrations to 24,292.
Polestar Automotive, a Swedish electric automaker and one of Tesla’s competitors, saw its sales hit 535 in April, an 11.5% increase.
It’s still the most overvalued stock on the US ticker and it’s not even close.
Even in the most charitable reading of the future, Tesla chooses a responsible leader, successfully course-corrects, and becomes “just a car company.” The techbro futurist hype goes away, and the value tanks back to reality.
it seems the stock is based on elon musk, and no others, releasing a mass market ready generalized artificial intelligence in the next 6 months.
6 months in musk time is like 25 years from now
Agreed