34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Because they’re actually good cars and they come in varieties other than sports. Tesla has always had this problem that as soon as real car companies come along their own vehicles start to look less appealing in comparison. Just look at the explosion of electric pickups. And then Tesla answer that with the cybertruck, seriously that was the best they could do?
They had it all their own way at first because there were virtually no other EV car manufacturers. That is now starting to change and they haven’t responded to that threat in any real way.
And that’s despite a 27 percent tariff on Byd by the EU, which is even more embarrassing for Tesla.
That’s also Tesla’s fault. They massively overprice their cars so that even when they’re competing against a tariff their cars are still more expensive than the competitions.
Oh and BYD cars have actually decent self-driving capabilities. Not that it’s 100%, but it’s a lot better than Tesla’s offering, and unlike Tesla you don’t have to pay extra for it, it’s just standard.