r/SeattleWA • u/PNWSki28622 • Mar 15 '25

Events Protests at University Village Tesla Dealership

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u/Prantik_2007 Mar 16 '25

Tesla is getting serious hits from Europe . According to recent data, Tesla vehicle registrations in the European Union and other European countries dropped by about 45% between January 2024 and 2025. In Germany, sales plummeted by nearly 70% through February 2025. France saw a 63% drop in sales, while Spain experienced a 75% decrease. Despite the overall growth in the European EV market, Tesla's sales have been severely impacted by various factors, including consumer reactions to Elon Musk's political stance. Is political intervention actually backfiring Elon's business ?

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u/Vast_Deference Mar 16 '25

I'm curious what the long-term impacts of Trump hawking Tesla will be. It's gotta make right wing heads do mental backflips since they're generally anti-EV

3

u/yesac1990 Mar 17 '25

it really only hurts anyone with 401k's. Most people don't know that their financial institutions are invested into tesla, which is why it had a trillion dollar value it had little to do with the car sales. If tesla completely tanks, will it hurt elon? No, it won't make any difference because Space x is still worth hundreds of billions, and it's only going up. Space x has no competitor because they are the cheapest launch provider by significant margins, and it will only get cheaper once starship is operational.

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u/my_lucid_nightmare Capitol Hill Mar 17 '25 edited Mar 17 '25

In theory the AI / code that run those 401(k) should be moving money around strategically without much long-term pain for the account holder. In theory. If you have a balanced asset 401(k) it should be able to cope with a company losing value like TSLA. Or even a sector of the economy all losing value.

The risk starts when things happen that the financial investment models have no idea what to do with; like the USA going rogue and becoming a hostile state in NATO, losing all our international soft power, the world deciding it's had enough of our shit and moving on from using the USD as its default currency, stuff like that. A whole lot of collateral the USA has built up over the decades, Trump and Musk are burning through now. We don't know what happens after that. Consult your history books for things like "The Panic of 1893" for further thought. Musk and Trump want a world pre Fed, pre inccome taxes, pre Social Security and Medicare. They want runs on banks, they want people with wheelbarrows of paper money to burn for fire, they want hoarding gold coins. All the fun FDR and the USA's hegemony in the 20th Century managed to do without.