TL;DR
Tesla’s Norway sales crashed 61% after EV subsidies were removed, revealing a market built on artificial demand, not intrinsic value. History repeats itself – are we doomed to repeat these mistakes?
Story
Tesla’s dominance in Norway’s electric vehicle market took a nosedive, plummeting 61% in just one month. From market leader in 2024, Tesla slid to third place in January 2025.
What happened? Like a Jenga tower pulled too many times, the removal of government subsidies triggered a collapse.
‣ Subsidies: Government incentives (like discounts or tax breaks) that artificially boost demand.
These subsidies had propped up Tesla’s sales, masking the true affordability for Norwegian consumers. Once removed, buyers flocked to cheaper EVs, revealing a demand built on incentives, not intrinsic value.
This echoes past market bubbles—the dot-com crash, the 2008 housing crisis—all fueled by artificial hype and easy money. Once the supports vanished, the house of cards tumbled.
The human impact? While no personal stories are available yet, a 61% drop suggests potential financial strain for Tesla. Dealers might face losses, investors could see dwindling returns, and the company itself may experience pressure to adapt.
Consider this a stark reminder: Don’t be seduced by market hype. Research intrinsic value—not temporary incentives. Just like musical chairs, when the music stops, those without a solid seat are left standing.
Advice
Don’t invest based on hype. Dig deep, understand the real value, and watch out for unsustainable incentives. Otherwise, you’re gambling, not investing.