- New Tesla -Sales have fallen in Germany, Australia, China and other places
- Used Model 3 and Model Y prices have also fallen in the US
- Web Searches After Used EVs are also away from Tesla
Whatever your political persuasion is, it’s hard to get away from the fact that Tesla has a hard time at the moment, with the sale of new cars that fell by up to 76.6% in some markets during the months of reason.
According to Carscoops, Tesla Sales in Norway fell by 44.4% up to and including January and February, meanwhile in Germany, where Musk’s now infamous Honor undoubtedly hit the hardest, sales were down a staggering 76.3% in February compared to the same period in 2024.
The picture looks even more bleak when you are considering that in both the Norwegian and German markets the total EV pass has been steadily on the rise, with sales in Germany climbing 30.8% in February, and Norway’s EV market is growing by 53.4% since the beginning of the year.
Tesla Diehards will be eager to point out that the updated Model Y is likely to have something to do with it as customers expose to buying new and waiting for that car to arrive in key markets, such as China, Australia and much of the European mainland in the coming weeks.
Whether it is down to a general decrease in consumer demand for Tesla products, or customers who love refreshed product, it is difficult to ignore the fact that these pricing accidents are also happening across the used market.
According to Forbes, the average price for a used model Y in the United States has fallen by more than $ 6,000 over the past 12 months to approx. $ 30,000 this month, according to data it received from used car experts cargurus.
The same thing happens with older, higher mileage model 3S, which Forbes says they can now be picked up for less than $ 15,000, making them a veritable used offer for the first time EV buyers.
But the anti-T-SLA mood that is rich in the United States right now could see that the stock is lingering on used cars for a longer period of time as buyers actively choose to move away from the brand.
In the United States, some Tesla owners have even resorted to stabbing rival car badge on their vehicles in an attempt to hide them.
This behavior is contagious and affects the overall demand for Musk’s product, with web search for Tesla vehicles falling 7% in February compared to the same period last year, while searches for others used EVs rose 28%, according to Davide Greene, an industry analyst who spoke to Forbes.
Big names turn on Tesla
With continued threats of demonstrations and even violent actions at Tesla dealers, the prospects of the brand are not rosy right now. And to make things worse, some Tesla advocates turn in a big name that they turn their backs to Tesla.
Recently, Apple co -founder Steve Wozniak went on a record to say that Tesla is “the worst in the world” when it comes to user interface, quoting the fact that constant updates to the infotainment system have made it a “miserable” experience, according to Fortune.
Wozniak was an early spokesman for Musks who praised the entrepreneur and revealed his love for his model S. Similar celebrities, such as Sheryl Crow, have publicly waved goodbye to their Teslas in recent months.
A 2024 article by Hollywood Reporter claimed that “Hollywood can’t ditch his Teslas fast enough,” with reference to several industry experts who have seen the demand for Musk’s electric vehicle plumming from a highest time 10 years ago when it loses market share to Audi, BMW, Mercedes-Benz and Relative Newcomers as Polestar.
However, some investors believe that the refreshed model Y will see Tesla’s fortunes change as the model has historically taken into account a large part of the company’s overall sales.
This Reddit post offers a fairly more optimistic assessment of Telsa’s wealth compared to the pummeling that the company gets elsewhere in the press at the moment, but only time will show whether Elon’s fire damage has been permanent or not.
