Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Tesla sales in Britain and Germany fall by more than 55% as China’s BYD soars (www.cnbc.com)

submitted 1 week ago by schizoidman@lemmy.zip to c/electricvehicles@slrpnk.net

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Data published by the U.K.’s Society of Motor Manufacturers and Traders (SMMT) showed Tesla’s new car sales dropped by nearly 60% to 987 units last month, down from 2,462 a year ago.

BYD sold 3,184 units in the U.K. in July, more than quadrupling its sales from a year ago. The company enjoyed similar success in Germany, notching a year-on-year sales uptick of nearly 390%.

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[–] cron@feddit.org 4 points 1 week ago (1 children)

Tesla stock is 50% up in the last year, despite losses in the EU and a poor outlook in the US.

Who thinks now is a good time to buy this stock?

[–] prodigalsorcerer@lemmy.ca 1 points 1 week ago

Tesla's stock price isn't based on car sales, so falling car sales shouldn't make a huge difference.

Maybe 10% of their stock price can be attributed to the auto sector, but when they can swing that much every week, it's basically irrelevant.