Tesla sales see the biggest drop in history: Is now the time to sell your Tesla?

Dear Elon, you brought this on yourself.

Tesla sales have plummeted since the unelected South African tech bro was gifted powers like a secondary villain in a desperate DC attempt to copy a Marvel success story. The son of an emerald mine owner, Elon Musk is the world’s richest man; a once cool guy who wanted to go to Mars and revolutionise the world of sustainable transport, he was handed a copy of the keys to the White House by the maniacal President who wants to buy Greenland, tariff a penguin-inhabited island and write ALL CAPS messages on his own social media site calling his enemies ‘lunatics’. If Stan Lee, God rest his soul, wrote these lines at the start of Spiderman #145, we’d roll our eyes so hard they’d fall out of our backsides.

But it’s true, and this is the world we voted for. It’s a good thing then, that people are seeing the light.

Should I sell my Tesla? Here are the numbers

Tesla sales have, as mentioned, skyrocketed like a Falcon Heavy exploding over the Pacific, crashing and burning up in the atmosphere before landing square in the ocean. The 13% drop across the first three months of this year is the biggest ever fall off for the brand, and totals some 50,000 fewer vehicles compared to the first three months of last year. Until last year, Tesla was reporting year-over-year sales growth of between 20% and 100% virtually every quarter, with the pandemic the only exception.

As for the shares, the company has lost 44% of its value since hitting an all-time high in December. A last-ditch sales pitch on the White House lawn, with Trump holding in his hand a piece of paper with the specs, failed to ignite voters into going out and spending their money on the same vehicle the President says he drives.

Protests outside dealerships across the world have seen signs held up mocking Elon, comparing him to a Nazi (I mean, he did do the thing) and stickers bought for those already with Teslas saying ‘I got this before Elon went crazy’.

In Europe they protest in a different way, and showrooms have been set ablaze with the cars inside. Sales also fell 49% on the continent, even as the popularity of electric vehicles grew by almost 30%.

The angry customer reaction comes following Musk’s devastating cuts to public and federal services across the United States. Social Security and Medicare are under serious risk of toppling, as is the agricultural sector, due to his chainsaw approach to firings across the board in the name of ‘efficiency’. Services are no longer functioning as queues get longer in offices, telephone waiting times grow like Pinocchio’s nose and websites simply cease to offer help. The decimation of the public sector in an attempt to push people to go private, where the money is to be made by Musk and co., is having a truly catastrophic effect on the neediest in the country, a lot of whom were sold by Trump/Musk’s ideas of populism. Now people are voting with the thing they can control: their morals.

But this is the post-truth world, where unfavourable facts are simply ignored, brushed aside or called out as lies. “Thank you to all our customers, employees, suppliers, shareholders and supporters who helped us achieve these results,” the company said in their statement. Turning a blind eye, Elon, or scared to face reality that people are no longer on your side? Whether you should sell your Tesla or not is not for me to say: there are various ways to show your discomfort with Musk and still keep your planet-saving vehicle, but buying one of the previously popular motors now no longer means the same thing.

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