- cross-posted to:
- europe@feddit.org
- cross-posted to:
- europe@feddit.org
Summary
Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales’ 0.5% decline.
Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.
Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.
CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.
One of the few conspiracies I actually subscribe to is that there is no legitimate stock market anymore, it is 100% under price control. Wins and losses - such as they are - are being determined by huge banks and hedge funds using AI algorithms, dark pools and phantom shares to maintain an iron grip. I got started down this path when I read Michael Lewis’ book Flash Boys, which, like this video was made over 10 years ago.
I don’t know that there’s any sort of conspiracy, but it’s definitely true that a huge part of the market is in “dumb money” – index funds that just buy every stock weighted by market cap, and thus exert no influence on what the companies actually do.
insert I’m doing my part.jpg
My 3%-match 401k: ididntdoshit.jpeg
I also suspect that because so much manufacturing is in China, what we think of as the world’s stock market is just a small fraction of anything. Does an index count if an index doesn’t measure much?