Target staff 'preparing resumes' after company's major sales slump
Target is struggling. Employees are worried.
Economic Boycotts Work! Elon Musk and Tesla Are Losing Billions of Dollars, Target Suffers Huge Losses, & Wal-Mart Is Feeling The Heat!!
- Thread starter Rollie Forbes
- Start date
Johnson: Costco’s DEI stand shows how to do the right thing
Peter Johnson: Celebrating Costco for its commitment to DEI
www.dallasnews.com
the bossman
Superstar
Only problem is he making up for it by extorting countries and govts to sign Starlink contracts or lose those foreign aid dollarsTesla sales are down across the world, but in Europe they are down 70% in some places. They have hundreds of billions of Cyber Trucks in inventory they can’t sell.
Profits are also down because they are basically giving so many incentives they are essentially giving them shyts away.
The downfall of the Boer is upon us.
ORDER_66
I dont care anymore 2026
other countries can build their own starlink networks. the arrogance that they NEED this cornball is offensive!!!
SpaceX is a flawed business model. The market for rockets and Starlink internet is not needed by the people who can afford it and it is too expensive for the few people that need it.
There is a scientist on YouTube named Thunderfoot who has been calling out this fraud and his businesses for a decade now. He makes the case much better than I could.
Cat piss martini
Veteran
Cybertruck resale value just crashed, Elon’s worst year gets worse.
Tesla Cybertruck owners who want to trade in their vehicles at a Tesla dealership know that the value of their recently purchased truck has dropped
www.elhayat-life.com
Tesla is offering Cybertruck owners $65,400 for their 2024 model-year vehicles, down from the original retail price of $100,000, Electrek reported Sunday. This represents a 34.6% drop over the year. By comparison, Electrek notes that traditional pickup trucks typically depreciate 20% annually and take three to four years to reach Tesla’s price.
Musk touted the oddly shaped Cybertruck as a technological marvel, and it received widespread media coverage when it was first announced and launched. Initially, Tesla claimed that one million Cybertrucks had been pre-ordered, but only 40,000 were ultimately sold.
Tesla faces collapsing sales in Canada's Québec province, with new registrations tumbling 85%
Tesla sales have plummeted in the province of Québec, with just 96 new Model 3 cars registered in the first three months of 2025.
www.businessinsider.com
Tesla faces collapsing sales in Canada's Québec province, with new registrations tumbling 85%
By Thibault Spirlet
Elon Musk's Tesla registrations suffered a drop in Québec. Chip Somodevilla/Getty Images
May 30, 2025, 7:35 AM ET
- Tesla sales in Québec plunged 85% in the first quarter, mirroring sharp declines seen in Europe.
- Canada has frozen $43 million in Tesla EV rebates due to Trump's tariffs and fraud concerns.
- Musk's DOGE work sparked backlash, boycotts, and dealership vandalism across the US and Europe.
Tesla's sales woes have reached Canada.
Data from the vehicle registration authority in the province of Québec shows a dramatic decline in Tesla registrations in the first quarter of 2025.
Only 524 new Tesla vehicles were registered in Québec between January and March 2025, down over 85% from the 5,097 units logged in the final months of 2024.
The company's top-selling Model Y saw the steepest drop in terms of pure numbers, falling from 3,274 units in the final quarter of 2024 to 360 in the first quarter of 2025. The Model 3, Tesla's cheapest car, plunged from 1,786 to just 96 units over the same period, a fall of 94%.
While the drop is precipitous, it should be noted that auto sales are generally lower in the first quarter of the year than later in the year.
Though confined to one region of Canada, the collapse mirrors similar issues in Europe, where Tesla sales fell by nearly 50% in April despite overall EV demand continuing to grow.
In Québec, as in Europe, demand for electric vehicles remains strong, suggesting that Tesla's slump is less about market conditions and more about the brand itself.
Rebate freeze and trade tensions
Several factors appear to be converging.
Tesla has been excluded from Canada's federal EV rebate program, with $43 million in rebates frozen and each individual claim now under review.
Transport Minister Chrystia Freeland ordered the freeze in March following a last-minute surge in Tesla rebate applications — from 300 a day to nearly 5,800 — which triggered a probe into possible abuse.
Freeland also said that Tesla would remain ineligible for future incentives as long as President Donald Trump's 25% tariffs on Canadian goods are in place.
In parallel, provinces, including British Columbia, Prince Edward Island, and Manitoba, have removed Tesla from their rebate programs.
Political backlash
Tesla's registration drop in Québec also comes amid a broader global backlash, especially in Europe, against CEO Elon Musk, who has endorsed a number of European political parties, including Germany's far-right AfD party and Britain's populist Reform UK party.
In North America, Musk's role leading the Department of Government Efficiency has led to protests, boycotts, and vandalism of Tesla dealerships across at least a dozen states.
Musk said this week he was stepping away from DOGE after months of involvement as a "special government employee." Federal law stipulates that those with this title cannot serve for more than 130 days in a 365-day period.
Tesla's shares, which had come under pressure during Musk's DOGE stint, began rebounding in April after he announced he would step back from government work and "spend 24/7 at work" on his companies.
In a Q&A published by Ars Technica on Tuesday, he said he'd been too involved in politics since wading into the 2024 presidential race last year — a campaign he heavily financed to the tune of nearly $300 million.
In a sit-down with Bloomberg at the Qatar Economic Forum last week, he said he's no longer going to be spending big on politics, like he did in the 2024 election.
Tesla did not immediately respond to a request for comment from Business Insider.