34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum’s irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.