Why Tesla is losing share in Europe

Jon McNeill, DVx Ventures CEO and former Tesla president, joins CNBC's 'Squawk on the Street' to discuss Tesla's weak Europe sales, the company's competition with China EV makers, CEO Elon Musk's outlook on autonomous vehicles, and more.

[@RBLXGaming23]

The point of EV's was to save the climate, not protect US automakers.

[@tatata1543]

The point of them was to make money.

[@pjeverly]

If the point of EV's is to save the planet and the byproduct is to wipe out the US auto industry, maybe that should be discussed with the public with more clarity. This is a forced transition, not market driven. So the government is paying people to put the US auto industry out of business and raise everyone's cost of literally everything as everything is transported. I don't really care what powers my car, but this multi trillion dollar plan is not well thought out.

[@teebone2157]

Sorrry but my economic security has nothing to do with Tesla sales in europe

[@AndrewTran-bleh]

Bruh the Equinox EV is 42k, unless Jon is giving each of us 5k how can we get a less-than-30k car from Chevy anymore after the Bolt is discontinued?

[@PeterSedesse]

The Bolt isn't discontinued, it is coming back in a few months

[@nbagoats4819]

@@PeterSedesse The Chevy Volt is discontinued.

[@PeterSedesse]

@@nbagoats4819 In January 2024, General Motors (GM) CEO Mary Barra announced that the automaker plans to bring back plug-in hybrid powertrains to some vehicles in North America, including the Chevy Volt.

[@mikafiltenborg7572]

😂😂😂Tesla model Y was the Best selling carmodel on planet Earth in year 2023 ‼️‼️😂😂

[@brunoheggli2888]

Wrong!

[@TheMagicJIZZ]

​@@brunoheggli2888 it's true?

[@eduardohierro6086]

No ❤

[@greenearth9945]

And now their sales are down by 32% yoy in Europe despite price drops and overall EV sales crossing the 50% mark

[@natestrades]

Let's interview the board member from GM. He couldn't be biased in his view and statements at all lol

[@shawnp.2084]

What a clown he is on the gm board slandering Tesla

[@venture.brothers]

Lol Volvo is Chinese now

[@jks1311]

Volvo Car Group is owned by Zhejiang Geely Holding of China

[@ssuwandi3240]

Volvo is a small player that the rest of shares will be trashed by Copycat

[@jeffjenkins7979]

The equinox is not profitable yet, GM loses money on every car sold. I would not buy GM stock for another year or two. Remember this is CNBC advocating foe GM.

[@leechen7235]

Jensen delivers result, Elon delivers religion, hype, dream and promises. Elon created an EV industry, that is his legacy; unfortunately Elon is going to lose his EV sales, Tesla products has been boring and no new products since 2017. It needs to send his engineering team to China to learn the true hard-core engineering, Chinese top rivals refresh their products every 2 to 3 years. FSD is not better than Huawei, Xpeng autonomous driving, I said it from my personal experience.

[@Agent77X]

CyberTruck! Semi?😊

[@greenearth9945]

​@@Agent77Xsemi is still pilot production and CT is two years too late. Model Y is a 7 year old platform ans the S and X is 12 years old. Tesla is boring and slow

[@DanL57]

in the US, people of the Blue political persuasion are turning away in droves from Tesla.

[@harrychu650]

Are you freakin kidding me? At these ultra low prices, they are practically giving away Tsla shares. Buy buy buy you fools.

[@jks1311]

still too expensive

[@donkeychan491]

The smart money says this thing is going below $50

[@TashiTsering-jw9ek]

MSM trashing/trolling Tesla is coward & pathetic approach.

[@RichardKing-sx6xc]

$TSLA LOOOOOOOOOOING!!! 😎👍

[@joka5345]

Pump pump pump

[@Nutz-e5x]

No one ever wants a equinox 😂

[@ariso]

PHEVs eliminates range anxiety & charge times, reduces emissions, and avoids massive charging infrastructure investment.

[@rogerstarkey5390]

DO NOT roll out a GM/ CRUISE BOARD MEMBER TO TALK ABOUT TESLA.

[@DG-hw8it]

There's no competition for Tesla! Only corporate buying the competitors. 😢

[@magnum-kj5ip]

You have zero knowledge on this topic. Thanks for letting us know in two sentences.

[@joka5345]

Let me buy byd 10k car

[@greenearth9945]

Maybe not in the US but in EU, lots of competition

[@gloriajaimesa2811]

Brand issue, glad it's clear now. Somewhat delighted that consumers leave Musk for a little while. Competition is on ! Tesla share will go down to less than 25% in a rapid fashion.

[@OuterSpaceDogs]

BYD is Chinese. Stop saying BYD is a competition against China.

[@coolco1619]

What! Is he actually saying there a high amount of competitors in Europe?? Like which brands? Only one is BYD and hardly no one else. No wonder this guy is sacked from Tesla board.

[@ISRAK_MALEK]

Do you think Revux will pump before XRP?

[@reggie2261]

Who could compete with China in EV?

[@pjeverly]

No one. The US basically greenlit the all in Chinese EV market. They saw the opportunity to take over the worlds transportation and energy market. And they are doing very well. The US is getting played.

[@pravin0389]

I only invest in presales, biggest returns. That is why I love Revux. The key is to get in early guys.

[@syedarmaghanhassan4652]

So bottom-line guys, whoever is in Tesla because of the cars, just sell!

[@minghengtan]

If climate change is so critical, why is china subsidising companies wrong? Why?

[@TheMagicJIZZ]

The Berlin plant should make the model 3 and whatever the cheaper model is called

[@wrslss]

If the wacko enviro's will let them./

[@sarithasuresh6534]

My top picks for bull run are DOT, FIL, and SOL. And best ICO to invest is Revux, huge potential.

[@andrerodriguez7603]

Scandinavian auto maker like Volvo. Hmm, Volvo is owned by Geely of China who makes all the EVs for Volvo. I would differ on Volvo being a Scandinavian company.

[@fredrik3685]

Exactly. Just like Boston Dynamics is a Korean company and not American as many people seem to believe.

[@Agent77X]

Does not matter where it made, as long it not a Tesla brand car!😮

[@andrerodriguez7603]

@@Agent77X wow! Another tesla hater. Why do you hate Tesla the most American made car by hard working young Americans? Is it because of Elon Musk. If so I can see that.

[@Kendrick-dk8mz]

I wanted to purchase a car from Tesla ,i wanted to exchange with gold but they refused because i was from Africa

[@AbidaBegum-xt6xm]

Every new partnership announcement gets me more excited about Revux!

[@Jaspreetsingh-zw4ke]

The reason I got revux is because I believe decentralization is more important than anything else.

[@spstatus916]

FOMO kicking in as Revux partners with more and more merchants. Bullish!

[@woodswoods7621]

Tesla will dominate forever!

[@hankmoody7521]

Wow yes really huge registration numbers by BYD in Europe this year so far. Automotive News Europe based on Dataforce numbers is reporting 10,147 BYD registrations Jan-Apr... wow. Tesla deliveries are flat lining this year so far - overall Tesla sales are down about by 5% this year in Europe (Jan-Apr 100k). Overall leading car sales in Europe is VW group with 1.1M sales (Jan-Apr).

[@woodswoods7621]

Love the politics and advertisement for GM

[@_parth_gaming94]

No more FOMO for me - I'm all in on Revux!

[@nbagoats4819]

Tesla was nothing but an apple on wheels.

[@lppoqql]

I think Tesla needs to lower prices to compete

[@williamrogers1219]

They already have a Model Y with the $7.5k rebate at the point of sale, less than a high-end Honda CR-V, with much better technology and a vehicle that will improve its functions over time through over-the-air updates. For example, one can buy a 2017 Tesla with HW3 and have the same functionality as a new Tesla with HW4.

[@unclejoe8279]

Tesla car business look somewhere else and so goes his autonomous business.

[@roger_is_red]

wow that guy is a clown just boggles the mind that you would bother to interview him

[@MangalTiu-es4dw]

Forget the rest, Revux is where it's at. Potential moonshot!

[@sunilmajhi7434]

Dude, you need to get Revux NOW!

[@tigergemi]

Clearing out all my Alts going into BTC and Revux only, maybe a little BNB and SOL

[@tatata1543]

It’s a bizarre situation where a company implementing massive layoffs and suffering from falling sales is having a vote about handing a part time CEO a $46bn payout.

[@TheMagicJIZZ]

It's got lower sales so removing employees makes sense for the bottom and top line Plus that pay package was already awarded in 2018 and it's only 5.9 billion based on 2018 market cap Only given in full in 2033

[@fredrik3685]

Agree but they will vote so let's see .. .

[@power2me1]

It's an agreement from 2018, he already earned it by 10x revenue and 10x stock price. People who welch on deals are total losers.

[@tatata1543]

@@power2me1 I hope he does get it and cashes a fair part of it in (he is going to need money to hold off the banks looking for payments on the Twitter loans) and in the process screws the people pushing him to get his payment. Why do you think the institutional investors view this with horror? They see what he is up to.

[@power2me1]

@@tatata1543 he has to hold all the shares for five years. lotsa basic details never making it to the hate headlines.

[@wealthymindset6021]

Yes protect from American companies using cheap labor. Oh no that's okay, it's only the Chinese right?

[@georgesamaras2922]

blue zipcodes ? what this even mean

[@rajukadam1233]

I believe Revux token will go 100x after launch on Binance

[@OuterSpaceDogs]

Tesla will crush it

[@Politicalchaoss]

why the united states give subsidies so people in usa can get a good car with lowe prices

[@janosik150]

This I predicted last year....people there drive on lp gas...they don't need tesla...it won't be only tesla

[@Tao818]

Not going to listen to a dude that works at or with GM. I call BS

[@fast4oward922]

Problem is Tesla all look the same. exept the truck. need new designs offerings and better pricing.

[@TheMagicJIZZ]

The model 3 performance is super cheap

[@donkeychan491]

Maybe Tesla could try introducing some new models? - radical concept :-)

[@AR-rn8ok]

Elon is holding them hostage until he gets a new comp plan.

[@cakeismtrader4227]

This Jon is funny..

[@ThuDo-qn3rm]

Because TSLA needs to improve its quality of paint!!!!!!!

[@thomaskim3128]

Not just paint. Tesla’s fit and finish is worse than a Hyundai. It is fun to drive but the fit and finish quality is third rated.

[@livetolearn2022]

Suspension is bad too

[@mikafiltenborg7572]

😂😂😂😂Tesla model Y was the Best selling carmodel on planet Earth in year 2023 ‼️‼️‼️😆👍

[@sirus312]

Unlimited demand I was told!!!

[@eh7599]

poor lil elon baby boy

[@acs2777]

Yeah right 😂

[@woodswoods7621]

Haha! Tesla haters

[@DanL57]

In order for Tesla to survive, Elmo will have to be put on a rocket ship for a one way trip to Mars.

[@RichardKing-sx6xc]

*GM!!!* 😆😅🤣😂

[@wealthymindset6021]

Tesla stopped innovating and will pay the price

[@AR-rn8ok]

U should short tesla and get rich.go ahead and let me know how it goes!🤣

[@woodswoods7621]

GM is so trash

[@anuragsinha2013]

BYD>Tesla

[@MithunMahato-ex3ws]

The reason I got revux is because I believe decentralization is more important than anything else.

[@Ark-Gaming.48]

FOMO kicking in as Revux partners with more and more merchants. Bullish!