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Tesla UK sales up over 20% despite Elon Musk backlash

Nearly 4,000 new Teslas hit UK roads in February, with Model 3 & Model Y ranking among the top 3. Buyers seem unfazed by Musk’s controversies

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Tesla’s UK sales soared by over 20% in February, reaching nearly 4,000 vehicles. The rise in Tesla UK sales might come as a surprise, considering concerns over a consumer backlash tied to CEO Elon Musk.

On Thursday, March 5, The Society of Motor Manufacturers and Traders (SMMT) reported that the Tesla Model 3 and Model Y ranked second and third, respectively, as the UK’s most popular cars. The Mini Cooper was the most popular car in February.

Tesla sold 3,852 vehicles in the UK last month, with the Model 3 and Model Y driving its 20.7% year-over-year growth. SMMT data shows EVs now account for 25% of new registrations, fueled by demand for battery-powered models like Tesla’s Model 3 and Model Y.

The UK saw a 42% surge in electric vehicle (EV) registrations last month. The uptick lifted Tesla’s UK market share to 4.6% from 3.75% a year ago, defying fears that Musk’s political stances and criticisms might dent demand. Though Tesla’s European sales halved in January, UK buyers appear unfazed. While the broader car market dipped 1% to 84,054 registrations, Tesla’s gains signal resilience as buyers rush to buy EVs before a new tax hits in April.

SMMT chief Mike Hawes noted EV growth comes at a cost to manufacturers. “The good news is that electric car uptake is increasing, albeit at huge cost to manufacturers in terms of market support,” he said. “It is always dangerous, however, to draw conclusions from a single month, especially one as small and volatile as February.”

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Elon Musk

Tesla CEO Elon Musk’s simple message to vandals

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Justin Pacheco, Public domain, via Wikimedia Commons

Tesla CEO Elon Musk had a simple and straightforward message to the vandals who continue to damage cars, showrooms, and Superchargers that the company and its owners utilize during an All-Hands meeting last week.

For the first time, Tesla and Musk broadcasted on X an All-Hands meeting the company held with its employees.

It seemed to be a justified response to skeptics and investors who have said that Musk has spent more time worrying about the Department of Government Efficiency (DOGE) than Tesla.

During the meeting, Musk showed the company’s roadmap for the remainder of 2025 and into 2026 and aimed to resolve any sort of skepticism regarding his commitment. He told the employees to “hang onto their stock,” and commented on Tesla’s future impact:

“It’s very difficult like for people in the stock market, especially those that look in the rearview mirror — which is most people — to imagine a future where suddenly a 10 million vehicle fleet has five to ten times the usefulness. It’s so profound and there’s no comparison with anything in the past that it does not compute. But it will compute in the future.”

However, Musk did not stop there. He also had a message for those who have gone out of their way to key, damage, and sometimes even destroy Tesla vehicles and showrooms.

Several locations have been hit with gunfire, Molotov cocktails, and other things, while owners are reporting petty vandalism like keying and slashing tires more frequently now than ever.

Musk’s message to the vandals was simple:

“This is psycho. Stop being psycho!”

He continued:

“If you read the news, it feels like, you know, Armageddon. It’s like, I can’t walk past the TV without seeing a Tesla on fire. Like, what’s going on? Some people, it’s like, listen, I understand if you don’t wanna buy our product, but you don’t have to burn it down. That’s a bit unreasonable.”

Tesla’s biggest haters have continued to spew violence toward the company and owners of its cars, with some even putting on bumper stickers that read things like “I bought this before Elon went crazy!” to hopefully divert attackers.

The company also has the help of the federal government. The FBI has already established a task force to help investigate instances of vandalism and violence against Tesla. Additionally, President Trump has said attacks against the company are being considered as domestic terrorism.

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Canaccord reaffirms Tesla’s price target of $404 after Giga Texas visit

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Credit: Tesla Asia/X

Canaccord Genuity reaffirmed its price target of $404 for Tesla after a visit to Gigafactory Texas. The investment firm sees an optimistic future for Tesla in the long term despite near-term headwinds.

Canaccord analysts reiterated its “Buy” rating for TSLA stock and revised Tesla’s Q1 2025 delivery estimates from ~331,000 vehicles to ~362,000 units. The firm’s first-quarter delivery estimates for Tesla reveal its optimistic take on the company’s future, even though it is still below the consensus estimate of ~417,000 vehicles.

“Our estimate is informed by our opinion that some consumers are delaying vehicle purchases to access the new Model Y and 4Q24 earnings call commentary regarding Model Y-related factory retooling limiting production…We wonder whether purchase decision delays and production limitations are being misinterpreted as halted overall momentum for Tesla. While we do suspect there has been some macroeconomic/brand impact, we, again, do estimate 1Q25 deliveries are mostly being impacted by supply constraints–as well as some demand factors,” Canaccord Genuity noted.

Canaccord analysts recently visited Tesla Giga Texas and left with optimism for the American electric vehicle (EV) maker.

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“It’s hard not to be impressed with how future-forward Tesla is–whether it’s vehicle design or manufacturing. Consistently rethinking the status quo,” Canaccord Genuity analysts commented.

Analysts highlighted Tesla’s progress with Full Self-Driving, specifically version 13.2.8. They noted that Tesla’s unboxed manufacturing strategy would boost production efficiencies. Canaccord Genuity analysts also mentioned that Tesla’s robotaxi services will launch in Austin in the summer.

“For investors with duration and grit, there is a silver-linings playbook,” the Canaccord Genuity analysts concluded.

Canaccord Genuity reflects Elon Musk’s recent stock market advice during the Tesla All-Hands keynote. Musk advised investors to invest in companies with products they love, highlighting that Tesla has a few great products and will continue to launch more.

“Tesla stock goes up and goes down, but actually, it’s still the same company,” Musk noted.

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SpaceX’s Starlink dish with Gigabit Speeds leaves EU scrambling to catch up

SpaceX is preparing to launch a gigabit Starlink dish. Meanwhile, Europe is still searching for a Starlink alternative.

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Spacex-starlink-dish-gigabit-speed-vs-europe
(Credit: Starlink)

SpaceX is preparing to release a Starlink dish with gigabit speeds, likely leaving the European Union scrambling to catch up.

During a webinar for Starlink resellers, SpaceX mentioned the development of a new Starlink dish that would offer customers gigabit internet speeds. The new Starlink dish is expected to boost current download speeds of around 200 Mbps.

“Next generation, we’ll have smaller beams, more capacity per beam, lower latency,” noted SpaceX President Gwynne Shotwell in 2024. She teased that Starlink speeds would reach as high as 2 gigabits with the next-generation dish.

EU plays catch up with SpaceX’s Starlink

While SpaceX prepares to provide customers with gigabit speeds, the European Union is still trying to catch up to Starlink’s current internet services.

The Foreign Minister of Poland, Radoslaw Sikorski, accused Elon Musk of threatening to cut off Ukraine’s access to Starlink. The Polish Minister’s accusation came after Musk pointed out that Ukraine’s front line would collapse without Starlink.

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Sikorski interpreted Musk’s words as a threat. Musk later issued a statement saying he would “never” cut Starlink services to Ukraine.

Despite Musk’s statement, the EU is considering alternatives to SpaceX’s Starlink. It will be difficult, given that the EU currently has no companies that can match SpaceX’s Starlink constellation.

The closest company in Europe to SpaceX’s Starlink is Eutelsat’s OneWeb constellation, which has around 650 satellites in lower earth orbit. In comparison, SpaceX reported having approximately 6,750 satellites in the Starlink constellation as of February 2025.

Even if Europe managed to match SpaceX’s current Starlink constellation, having Ukraine switch from one service to another would be complicated. Multiple countries are paying for Ukraine’s Starlink services, including the United States and Poland. On top of that, each country isn’t paying the same amount–some seem to be paying more than others.

In general, it doesn’t seem like Elon Musk can cut Ukraine’s access to Starlink on a whim.

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Starlink Gigabit Dish Pending

SpaceX has a few boxes to check before releasing the Starlink gigabit dish. It will need to upgrade its Starlink constellation to harness a broader range of radio spectrum. But first, SpaceX must get clearance from the FCC to implement the upgrades.

PC Mag speculates that SpaceX could launch the Starlink gigabit dish later this year. The new dish’s release will depend on if SpaceX’s Starship can successfully deploy third-generation V3 Starlink satellites.

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