TL;DR
Tesla’s European sales plummeted 44% in February, overtaken by rivals. But even those “rival” sales are inflated by employee leases, painting a grimmer picture of market realities.
Story
Tesla’s European dominance is crumbling faster than a stale croissant. February sales plunged 44%, overtaken by old-school giants like Volkswagen and BMW, and even some Chinese upstarts. Like a faded rockstar clinging to past glory, Tesla’s facing a harsh reality check.
What happened? A perfect storm of self-inflicted wounds and rising competition. Elon Musk’s political endorsements and the Model Y’s phase-out are hitting sales hard. It’s a classic case of hubris meeting market forces—a tale as old as time.
Think of it like a game of musical chairs. Tesla had a comfy seat, then the music stopped. Now, they’re scrambling while everyone else grabs a spot. Meanwhile, folks who bet their savings on Tesla are left holding the bag, watching their portfolios shrink like ice cream on a hot day.
But here’s the kicker: many of those reported VW/BMW sales are just employee leases, not actual customer purchases. It’s like inflating a balloon with hot air—looks impressive until it pops. So, the true picture is even grimmer than the headlines suggest.
This isn’t just about cars; it’s about the dangers of blind faith. Remember the dot-com bubble? The housing crash? History repeats itself because human nature doesn’t change. We chase hype, ignore red flags, and then act surprised when the house of cards collapses.
‣ Market Share: The percentage of total sales a company holds in a specific market. ‣ Phase-Out: Gradually discontinuing a product. ‣ Portfolio: A collection of investments.
So, what’s the lesson? Don’t fall for the hype. Do your research. Diversify your investments. And always remember: if something sounds too good to be true, it probably is.
Advice
Don’t be fooled by hype or inflated numbers. Always dig deeper, especially when it comes to your investments.
Source
https://www.reddit.com/r/stocks/comments/1jiqjct/volkswagen_bmw_group_electric_cars_outsell_tesla/