Elon Musk seems a lot less sure about how Tesla could benefit from Twitter/X super app
Elon Musk seems a lot less sure about how Tesla could benefit from Twitter or the new X company the social media platform is now operating under – something he promised would happen to Tesla shareholders last year.
Financially speaking, Tesla shareholders are those who suffered the most from Elon Musk’s Twitter acquisition.
The CEO had to sell tens of billions of dollars’ worth of Tesla stock to acquire the social media platform, which heavily contributed to a crash in Tesla’s stock. Some also suggested that Musk’s behavior on the platform has been negatively affecting his and Tesla’s credibility with buyers and investors.
Amid the crash late last year, Musk claimed that he would “make sure Tesla shareholders benefit from Twitter long-term,” but he didn’t explain how.
During Tesla’s earnings call following the release of its Q1 2023 financial results, Musk was asked if he had more clarity about how Twitter or a new X.com/super app would potentially help Tesla’s business model and shareholders.
In his response, the CEO seemed a lot less sure about the benefits, seemingly having forgotten his promise made to shareholders last year:
Well, I don’t know. I guess it could make it potentially easier to buy cars? Somewhat off-topic here, because I think there’s some benefit. I think probably there’s some benefit, yes.
This didn’t do anything to squash concerns about Musk losing interest in Tesla since the Twitter acquisition, especially following reports that he is building a new AI company to compete with OpenAI.
This move has been concerning to Tesla investors since he initially severed ties with OpenAI due to a conflict of interest with Tesla’s own AI effort and recruitment.
Since then, Tesla has doubled down its efforts to build AI products – primarily to power its self-driving program, but also through its Tesla Bot humanoid robot.
Musk actually went so far as to claim that Tesla has the strongest AI team in the world, saying he believes the company would “play a role in developing artificial general intelligence (AGI).”
Yet he is now reportedly starting a company separate from Tesla to develop AI products.
Electrek’s Take
I think this should be the top concern for Tesla investors or at least the top problem within the company’s control. Macroeconomics and interest rates are not really within Tesla’s control, but its CEO is to a degree, and having a CEO who is focused on multiple major ventures unrelated to Tesla is a genuine concern.
It was one thing when it was just SpaceX and a little time spent on The Boring Company, but now with Twitter and a new AI company, it’s starting to be a lot, especially when he is in charge of arguably the world’s most critical company when it comes to transitioning the world to a sustainable energy economy.
I think Musk is too used to being able to do whatever he wants, and it is starting to affect some of his decisions negatively. It was helpful when people were telling him that his ambitious goals were impossible, but now it is beginning to be a problem.
How was the question “somewhat off-topic” when he was directly asked what plans he has for Twitter that will positively affect Tesla shareholders – something he said would happen?
I think it’s a fair question, and he clearly doesn’t have the answer to it, making his promise a lot less credible.
Ultimately, that’s a big part of the problem. He is losing credibility. The man has accomplished some incredible things, things that many thought would never happen or not happen for years to come. That has given him a ton of credibility with a lot of people, especially Tesla shareholders.
I know many people still think he is just a charlatan, but I personally believe the credibility he gained from his part in building Tesla and SpaceX is warranted. But I also see how he is currently losing some of that credibility.
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Tesla sales were down in every European country except for the UK in the first quarter, and there’s a reason why.
That’s while electric vehicle sales are still booming in Europe.
Tesla’s sales declined for the first time in Europe last year, but the decline accelerated in 2025.
Over the last three months, we have been reporting on worrying sales results for Tesla across most European markets, especially in important markets like France and Germany.
Now, we have the delivery numbers for Tesla in all European countries, and the automaker is down 37% on the old continent compared to 2024, which was already a down year for Tesla.
On top of it, Tesla is down in every single country except the UK.
Here are Tesla’s Q1 2025 deliveries in each European country compared to Q1 2024:
| Country | Q1 2024 | Q1 2025 | Change |
| Germany | 13,068 | 4,935 | -62.2% |
| UK | 11,768 | 12,474 | 6.0% |
| France | 11,360 | 6,696 | -41.1% |
| Belgium | 7,219 | 3,019 | -58.2% |
| Netherlands | 6,854 | 3,445 | -49.7% |
| Norway | 5,121 | 3,817 | -25.5% |
| Other | 4,420 | 3,301 | -25.3% |
| Sweden | 4,312 | 1,929 | -55.3% |
| Italy | 3,721 | 3,469 | -6.8% |
| Spain | 3,601 | 3,169 | -12.0% |
| Denmark | 3,558 | 1,549 | -56.5% |
| Switzerland | 3,264 | 1,238 | -62.1% |
| Portugal | 2,888 | 2,145 | -25.7% |
| Austria | 2,506 | 1,304 | -48.0% |
| Poland | 1,264 | 899 | -28.9% |
| Finland | 894 | 475 | -46.9% |
The drop in sales in Germany was the most devastating for Tesla. It went from being Tesla’s biggest European market to being a distant third.
France also saw a significant 41% decline in sales.
This is also happening while electric vehicle sales are surging, regardless of Tesla’s performance.
Tesla is feeling the pain virtually everywhere in Europe except in the UK, but that’s because Tesla is selling its vehicles for much cheaper there.
In the UK, the Model Y PCP leasing starts at £399, which is the equivalent of €462, when the same vehicle starts €570 in Germany:
Interestingly, that’s not the case for the Model 3, which starts higher in the UK than in Germany.
Electrek’s Take
The reason for that is unclear to me. I’d love to hear theories in the comment section.
Could it be that Tesla planned to produce too many right-hand-drive vehicles and had to lower prices to ensure that it could deliver them?
It’s unclear, but I think the theory has some traction since I just learned that Tesla is also already discounting the new Model Y in Hong Kong – another right-hand-drive market.
Either way, I think it’s clear at this point that Tesla is having significant brand issues in Europe, in addition to increased competition.
Yes, Model Y had some supply issues due to the design changeover, but Model 3 sales are also down 11% compared to Q1 2024, when Tesla was still ramping up production of the Model 3 design refresh.
Tesla shareholders need to wake up. This is a self-inflicted wound that can be remedied by removing Elon Musk.
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That Kia EV sedan we’ve been waiting for is almost here. Kia also confirmed it will launch a midsize pickup in North America. Next week, three new Kia vehicles, including the EV4, its first electric sedan, will debut at the New York International Auto Show. Here’s what to expect.
Kia’s first electric sedan will debut at the NY Auto Show
Back in 2023, the EV4 stole the show as a concept during Kia’s first EV Day. Earlier this year, Kia unveiled the production model, debuting as the brand’s first electric sedan and hatchback.
The electric sedan is among the most highly anticipated EV launches of 2025. Kia’s EV4 will arrive this year as part of its low-cost EV lineup, and it could be a true challenger to the Tesla Model 3.
After opening orders in Korea last month, Kia said the EV4 will “set a new standard for electric sedans,” starting at just 41.92 million won, or about $28,000. It has two battery options, 58.3 kWh or 81.4 kWh, providing a range of 237 miles (382 km) and 331 miles (533 km) in Korea.
With its North American debut now officially set for next week, Kia teased the new EV, claiming it will be one of three new vehicles.
The new vehicles include a sedan, an SUV, and “something in between.” Two will be fully electric, while the other offers a “sporty and versatile approach in the compact car segment.”
More EVs are on the way, including an electric pickup
During its CEO Investor Day on Wednesday, Kia confirmed plans to launch a new midsize EV pickup for North America. In the long-term, the company aims to eventually sell 90,000 units for about 7% of the market share.
Kia’s electric pickup will be based on a new EV platform built for city and outdoor use. According to Kia, it will offer “best-in-class interior and cargo space, a robust towing system, off-road capabilities, and advanced infotainment and safety features.”
Following the EV6 and EV9, Kia is expanding its electric car lineup with the new EV3, EV4, and EV5, which will roll out this year. Kia is also launching its first electric van, the PV5, to kick off its new PBV business.
By 2030, the company plans to sell 2.33 million electrified vehicles, accounting for 56% of global sales. This includes 1.26 million EVs and 1.07 million hybrids.
As it expands its lineup, Kia expects electrified models to account for 70% of sales in North America, 85% in Europe, and 73% in Korea by the end of the decade.
Kia boasted that it will “lead the mass adoption of EVs by expanding its EV lineup with the addition of another volume model, the EV2,” which is expected to launch in early 2026.
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