Tesla’s cooked.
I don’t talk about Tesla much on the channel and if we look back a year ago, this video did not age well. Tesla just outsmarted the auto industry and I’ve made very little Tesla focused videos since then. Most of the videos are just in comparison to Tesla like Tesla who in regards to the more affordable front-wheel drive built-in Japan Nissan Leaf. This video did well. Tesla’s the new king of depreciation. And typically when I talk about Tesla on the channel, since I don’t own them, I don’t own stock. I don’t have very nice things to say about them. But honestly, I don’t have that much Tesla experience like my friend Ben who does amazing Tesla content. And if you want a more but more hands-on approach with Teslas, he’s owned so many different Teslas, Rivians, etc. If you want more of a an enthusiast electric car perspective, Ben does a great job. Ben and I both agreed when we drove the Nissan Leaf together for the media drive that Tesla needs more than just what they have currently on the market. They need more affordable models. They they can’t just focus on robo taxis. Robo taxis, great. Full self-driving, I hear it’s amazing from my friends and colleagues that have full self-driving and use it. However, that is not that’s still a niche part of the market and it’s also a very expensive part of the market. Now, that allows them to kind of keep floating as a brand. All right? On the hopes of expanding robo taxis, on the hopes of expanding autonomous driving, AI, all that stuff. But as promising as that tech could be for Tesla, you need to have a foundation. And their foundation is absolutely crumbling. Tesla is struggling to course correct from sales skid. So, in today’s video, we’re going to talk about how Tesla is in trouble largely in Europe. They are in trouble here in the United States, too, I would say. All right. Especially after the EV tax credit going by the wayside. Now, Rivian, Tesla, they’ve said, “Hey, we’re going to be all right without the tax credit because all these other manufacturers out there, if you look behind me, you have the Jeep. I haven’t even driven it around, but I’ve walked around it and looked at the build quality. It’s horrendous. Wagon Ear S. I think it might rank on the the cars I reviewed this year. It’s It’s either going to be D or C. All right. It’s relative that I drove Charger Daytona Scat Pack. I thought it was a beautiful car. This car is not nearly as beautiful as Mazda CX70 that’s sitting next to it. Oh my gosh. Comparing the build quality of the the two is hilarious. with with other EVs from other manufacturers that have gas cars, those cars could very well be cancelled, disappeared. Look, Nissan pulled out the Arya here in the United States. So, in theory, there could be Do I have toothpaste on me? Just realized I have toothpaste on my shirt. But with less competition in theory, Rivian, Lucid, Tesla, maybe they end up being okay because the rest of the manufacturers are going to pull out of a highly competitive niche market that is still EVs here in the United States. All right, so I’m going to get back into this article over at Reuters. It’s three biggest markets, obviously, China, United States, and Europe. It’s all bad for Tesla. In Europe in October, 45% sales fall compared to the previous October of 2024. For the year, its sales are down 30% in the region. So, their sales are accelerating in the wrong direction. And well, you might be saying, Kirk, well, maybe EVs aren’t hot in Europe. That is not the case. EVs have jumped for the year in 2025, 26%. So, the market’s grown roughly 30%. And Tesla’s diminished 30%. There’s just too much competition now from European manufacturers. But also, the Chinese, let’s be real, the Chinese have a stronghold in Europe at this point, and it’s only going to keep growing unless something is done from the uh the governmental level to keep Chinese autos out. But yeah, and so as a result, the auto industry in Europe will continue to be a shell of itself and maybe even replaced by Chinese car production in the in the in the European Union um in favor of what used to be European branded cars. That’s a possibility that I could see in my lifetime. Absolutely. So Tesla’s global vehicle deliveries are expected to decline 7% this year after a just a 1% drop in 2024. Now, they had a record third quarter delivery Tesla globally, but that was because of the EV tax credit going away. So, September 30th was the last day to take advantage of the EV tax credit. They set a third record delivery or sorry, third quarter delivery record, but they’re still down this year. And back in 2023, Tesla Model Y was the best selling car in the world. Well, just a year later, that became the RAV 4. It’s going to be the Rav four again this year. Let’s talk about blowing smoke. Musk told shareholders last year that he expected vehicle sales to grow 20 to 30% in 2025. Well, he was right about EV growth in Europe anyways. I wouldn’t say he was right about it, but his his idea that growth was going to happen, it happened, but not for his brand. Okay. So he was just completely puffing up the shareholders last year when he said there was going to be growth. They’re down 7%. He was projecting up to 30% up. Completely clueless or he knew exactly. He’s just telling the shareholders what they want to hear. In January, Tesla said there would be a return to growth without offering an estimate. Yeah, let’s let’s not do what he did the year before and completely botch that projection. And then they pulled that guidance saying that there would be a return to growth the following quarter. And in October, Tesla said any growth would depend on macroeconomic factors and how quickly it could add autonomy to its cars and ramp up factory production. I don’t know about you, the majority of people that I know that drive their cars, 99% of them don’t want autonomous driving cars. Yes, maybe they want safer driving cars in the fact that, you know, for highway driving, a better ADAS, you know, radar cruise control, lane keep, that sort of thing. I have no desire at this point in my life to want my car to drive for me. If you do, great. Go buy a Tesla. You probably already have one because that’s what you care about. Now, in Europe, Volkswagen has risen to have better EVs. Now, I haven’t driven a Volkswagen. Well, okay, I take that back. I drove the ID Buzz this year. I loved it and hated it at the same time. Volkswagen, one of the worst EVs I’ve ever driven was the ID4, but I haven’t driven that in like three or four years. The vehicle drove like complete crap. I’m sure it’s a lot better now. I mean, I didn’t mind how the ID Buzz drove. I thought it was fine. All right. For the most part, it was just that, you know, lack of cargo space, lack of vehicle to load, lack of real climate control buttons in there and volume buttons. Like, that was the frustrating part for me. All right. Not anything to do about how it drove. But apparently in Europe, the competition just keeps mounting up. Over at Nay Asia, um over at the Guanghou Motor Show, China car makers are selling more EVs, plug-in hybrids for under $21,000. I don’t know why there’s a kettle bell there. That’s odd. That’s a huge kettle bell re reimagination. But there are just so there’s just a flood of vehicles coming from China. And their mission over at Leap Motor and I’m sure most of the other uh you know manufacturers there is to make their flagship car mo model for drivers all over the world. They want to sell outside of China. China’s too competitive. So they’re not making enough money there. But if they can export these things to Europe where cars are so expensive and undercut the competition, they will be doing quite well. In fact, BYYD is doing quite well in Europe. The Model 3 and the Model Y is not going to save Tesla in Europe. Even though they introduced a stripped down lowerric model is not cheap enough and like the competition is just unreal in in the UK where there’s more than 150 electric cars uh available and a ton of them being Chinese cars. At least 50 new electric models are due out next year. So you’re going to have about 200 electric cars which that is not good news for Tesla. And out of those 50s, none are Teslas. Of course, they have no new models coming other than them just saying, “Hey, full self-driving or autonomous Robocops or Robocops eventually, right? Or Robo taxis.” In Europe, BYD sold 17,470 cars in Europe. That doubled Tesla’s sales. When I see that there Tesla’s just completely done in Europe, they don’t have a shot. Volkswagen saw sales rise 78% through September and has sold over 520,000 triple Tesla’s sales. No shot. They just don’t have a snowball shot in hell to have success in Europe. China, I wouldn’t say any either. United States is their last maybe hope and it runs on the fact that they’re running robo taxis in Austin. Now, I just came back from Austin where I drove the Palisade hybrid and I had a couple cab drivers and we saw Whimos everywhere and there’s Tesla robo taxis is the next thing taking over and he’s like, “I’m worried for my job.” Yeah. So these mega corporations can just send out all these vehicles from their factories and put them straight into, you know, Uber or whatever it is and full self-driving and overnight you could have people losing their jobs as Uber drivers, taxi drivers, etc. It’s crazy and it’s likely to happen at some point in the future. So let’s focus on China’s market for Tesla. it it the drop hasn’t been as drastic there, but deliveries in China fell to a three-year low in October, dropping almost 36%. Tesla sales in China were down 8% through October. So, they were probably down just maybe 5% or less. And then October happened, they’re down 36%. That is insane. In the United States, Tesla sales went up 18% September again because of the EV tax credit of 7,500 bucks going away that month. October, they fell 24%. And that is going to continue to happen. November is going to continue to drop for them. December, etc. for probably some time. I don’t know when Tesla’s going to hit rock bottom, but they’re still in freef fall. I I guess we’ll finish with Musk and his massive pay plan. Everyone’s been unless you’ve been living in Iraq. He has the potential to have a trillion dollar pay payout, which doesn’t make any sense for such it’s just all stock fluff. That’s what the where this brand’s worth is. It’s not in automobiles anymore. It’s in it’s in future tech. Not that that’s a bad or a good thing as a car guy. That’s what’s frustrating to me is a lack of innovation with their cars. They’ve just been innovating with software. I like driving cars. I don’t like them driving me. If they do drive me, I would rather a human being drive me. Am I Am I full boomer? No. I think I’m just human. All right. Musk’s new pay package does not require sales growth. The CEO can unlock a multi-billion dollar award if Tesla averages just 1.2 2 mill million vehicles annually over the next decade as long as the shares go up in value. However, that is 500,000 less cars than the company sold in 2024. So, they are projecting based off of his pay plan or his payout or pay bonus or whatever you want to call it, they’re projecting a massive drop in sales to a rock bottom for the company, that’s what they expect, 1.2 million vehicles every year. Okay, over the next decade. It could be less than that. It could be more than that. Time will tell. All right. But the world’s richest man, awfully rich on a car company that is no longer focused on cars. No new models, no innovation with with manufacturing, no innovation with batteries, no innovation with motors anymore. They’ve all been passed by the Chinese. And the Europeans are there, too. Now, in the United States, very few, and I don’t mean meaning less than 20%, maybe less than 15%, maybe less than 10% of buyers are interested in electric cars. That doesn’t look good when the government is no longer pushing them forward, paying the company millions of millions of dollars on green credits. That’s all done and away with. They can’t get money off of Jeep putting V8s in their Wranglers. All right. They can’t take advantage of selling green credits to those companies in the tune of billions of dollars like they had in the past. Their cars, well, there’s too much competition for them now. Here in the United States, which is a small market for EVs in Europe with Volkswagen, other European automakers, but especially Chinese men in China, they don’t have a shot anymore. At one point, they did. they had an advantage with tech that doesn’t take long for the Chinese to to to not only match but surpass you when it comes to battery tech, software, etc. AI even. All right, I’ll see you guys in the comments. Happy Thanksgiving if you’re watching this around Thanksgiving. Have a great day and we’ll see what happens to Tesla.
#tesla #byd #ev #vw #rivian #musk #fsd #modely #model3
Tesla is in freefall. Here’s what’s happening to their sales in Europe, China and US. With no new product coming, Tesla is going to keep diminishing.
sources
https://www.reuters.com/business/autos-transportation/tesla-struggles-course-correct-sales-skid-2025-11-26/
https://asia.nikkei.com/spotlight/electric-cars-in-china/china-carmakers-sell-more-evs-plug-in-hybrids-for-under-21-000
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