Tesla shares fall on weak China auto sales

Wednesday, March 05, 2025

Shares of Tesla tumbled Tuesday following data showing a big drop in auto sales in China, adding to recent losses amid backlash to CEO Elon Musk's alliance with US President Donald Trump.

Posted by LampLighter at 01:20 AM | 6 COMMENTS | permalink

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... The electric auto maker sold 30,688 vehicles in China in February, down 49 percent from the year-ago period, according to data from the China Passenger Car Association.

Near 1840 GMT, Tesla shares were down 4.4 percent.

Tesla has lost more than one third of its market value since mid-December as Musk has deepened his association with the polarizing US leader. ...

#1 | Posted by LampLighter at 2025-03-05 01:21 AM

Shouldn't the CEO of a company be concerned about maximizing the financial returns of that company to its shareholders? That should be a basic thing. No?

Mr Musk's apparent abandonment and disregard of that very basic responsibility task regarding his Tesla corporation role seems to speak volumes regarding how he may be viewing his tasks in destroying our Federal government.

#2 | Posted by LampLighter at 2025-03-05 01:26 AM

People are avoiding the Wankenpanzers like the plague and who could blame them.

#3 | Posted by LauraMohr at 2025-03-05 04:46 AM

Counter-tariffs from Canada and China will also hurt Tesla sales. And Swastikar sales are plummeting in Europe. Source:

electrek.co

#4 | Posted by C0RI0LANUS at 2025-03-05 05:21 AM

Someone tried to bring an Incelcamino to a Mardi Gras parade.

It didn't end well.

gizmodo.com

#5 | Posted by Nixon at 2025-03-05 07:20 AM

Was Leon's swasticar in self-driving mode when this happened?

abc7chicago.com