Not sure how it will affect things going forward, but the Model 3 may help. Jay Leno did an excellent segment about it a few weeks back, with a pair of Tesla engineers:
Tesla releases Q1 2024 deliveries: disastrous results
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Re: Tesla releases Q1 2024 deliveries: disastrous results
#32i hope elon's behavior is part of the drop in demand. i'm afraid it is mostly economic though.
I am shopping for an EV right now. I absolutely refuse to look at Teslas. So there is some effect of unknown size, and in hard times that added effect can push things over an edge.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#33So trying to establish how to attribute this to:
- World wide supply issues (Red Sea) - TSLA specific issues (Strikes, Pay Dispute) - Overall demand for EVs - to this factor, any good benchmarks out there to establish demand?
Re: Tesla releases Q1 2024 deliveries: disastrous results
#34Earlier quoted context omitted.
I shared this in my other comment, but there is some support for that notion: https://www.reuters.com/business/autos-transportation/would-...
great article. i have a tesla -- it is a great car. i regret that elon is such an awful person and i will definitely look elsewhere before buying another. at least as long as he's involved.
Tesla should be absolutely terrified of this. I think lots of us would love to like Elon, but the man is such a disgrace that we are actively disincentivised to root for his success.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#35This may be related as well, in a smaller way: https://www.reuters.com/business/autos-transportation/would-...
> It's very likely that Musk himself is contributing to the reputational downfall
This. I really like Tesla as a brand, but Musk should really stop over-promising and under-delivering.
Their technology is really good, but far away from the promises of their CEO.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#36A CEO that doesn't take responsibility is a major issue. Unfortunately shareholders will have to punish him.
Yep. Unfortunately, Telsa's toothless board is mostly friends and family.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#37Interest rates and vehicle prices too high, must come down to expand TAM. Future benchmark rate cuts should improve affordability (most people finance and buy a payment), but Tesla will need to navigate burn rate until central bank pivots.
FWIW they had some insane discounts toward the end of March, to the extent that I'm not sure high prices is the problem. I bought a new long-range AWD Model Y myself a couple weeks ago because between the discounts and tax credits I ended up paying under $40k (would've been around $36k but even after sales tax and fees and stuff it was still only around $39k). At those prices I'm not sure how they aren't selling more…
I was looking at adding another Y to our household while those sales were offered, but didn’t because my income prevents us from getting the tax credit, so maybe next year. Agree it’s a great value, more customer research required (what price do the vehicles need to get to in order to move faster, and can Tesla still make a profit at those prices).
Re: Tesla releases Q1 2024 deliveries: disastrous results
#38This may be related as well, in a smaller way: https://www.reuters.com/business/autos-transportation/would-...
I ask owners of other EV vehicles how they like their car, and >50% of my sample size of ~10 bring up "at least it's not owned by that crazy man" as a big reason as they explain the other deficiencies. (Mostly bad controls, UX, etc. stuff that the Tesla gets right.) I have a Tesla Model 3 right now and it's my favorite car ever, by far, but I also will be unlikely to buy another tesla. It's not the same company as si…
I chose a Kia eNiro because it had ”bad” but predictable controls/UX. Basically a normal, boring car with dedicated buttons for most things, but with a EV drivetrain.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#39Are Tesla sales levelling off? I'm not convinced that electric cars are going to be mainstream, apart at the high end, for a few decades.
> Are Tesla sales levelling off?
No. Tesla sales are dropping. This is worse than "leveling off".
EDIT: Tesla hasn't had sales this low in a quarter since 2022.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#40Earlier quoted context omitted.
It's a global issue. Even BYD's sales crashed by almost 50% [0] [0] - https://www.reuters.com/business/autos-transportation/byd-ma...
Those are sequential sales. YoY BYD is up 13%. TSLA sales are down sequentially but more relevantly also YoY.
BYD is a state backed enterprise.
The rest of chinas EV market is in Freefall (plant closures) and much of their output is of a quality level you would expect from china.