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EVs Are Selling Well for Everyone Except Tesla

jalopnik.com

11–20 of 90 posts

Re: EVs Are Selling Well for Everyone Except Tesla

#11
And yet "Tesla Y has taken the top spot on the sales chart, outselling the Corolla in 2023 as the world's most popular passenger car."

According to https://www.drive.com.au/news/tesla-model-y-worlds-best-sell...

I think the car advice journalism is hopelessly polarised and political, like everything else. Sad.

Re: EVs Are Selling Well for Everyone Except Tesla

#12
> Electric sales were up 14 percent as a whole, which is a promising number. Yet, when you take Tesla out of the equation, those numbers skyrocket: Non-Tesla EV sales grew a full 69 percent over the same period. Nice

This is such dodgy reframing that I feel compelled to fix it: "EV sales are up 14%. Manufacturers other than Tesla made up the bulk of that".

Re: EVs Are Selling Well for Everyone Except Tesla

#13
post #12

> Electric sales were up 14 percent as a whole, which is a promising number. Yet, when you take Tesla out of the equation, those numbers skyrocket: Non-Tesla EV sales grew a full 69 percent over the same period. Nice This is such dodgy reframing that I feel compelled to fix it: "EV sales are up 14%. Manufacturers other than Tesla made up the bulk of that".

But that isn’t the story. Tesla’s contribution to the 14%, the growth, was negative. We’re looking at the difference in differences, not absolute values.

Re: EVs Are Selling Well for Everyone Except Tesla

#14

> Sales data from April, collected by Automotive News, shows growth in the EV market outpacing that of vehicles as a whole. Electric sales were up 14 percent as a whole, which is a promising number. Yet, when you take Tesla out of the equation, those numbers skyrocket: Non-Tesla EV sales grew a full 69 percent over the same period.

Maybe Tesla's market/customer base has just saturated.

Being so strongly associated with Elon Musk and therefore his political opinions really shrank the customer base.

EVs aren’t very popular with the average right wingers.

Re: EVs Are Selling Well for Everyone Except Tesla

#15

Ah. Just a stroke of good luck that Musk's $48 billion package has be approved by the shareholders then..

I guess…

But it was approved a while ago, except for some reason Delaware went against precedent and disallowed it so they moved to Texas where it was re-approved.

Re: EVs Are Selling Well for Everyone Except Tesla

#16
https://www.autonews.com/sales/april-us-ev-registrations-ris...

Clicking through to the source—or at least the part that’s not paywalled—it’s not clear how great that 69% increase is. It’s described as the result of heavy incentives to clear excess inventory.

Re: EVs Are Selling Well for Everyone Except Tesla

#17
post #12

> Electric sales were up 14 percent as a whole, which is a promising number. Yet, when you take Tesla out of the equation, those numbers skyrocket: Non-Tesla EV sales grew a full 69 percent over the same period. Nice This is such dodgy reframing that I feel compelled to fix it: "EV sales are up 14%. Manufacturers other than Tesla made up the bulk of that".

it's dodgy reframing, but you can't conclude that non-Telsa manufacturers made up the bulk of it, at least from that isolated quote

Suppose Tesla had 99% market share at the start of the period. Sales of the entire market growing by 14% could be explained by 13.44% growth for Telsa's share and 69% growth for the other 1% market share.

without knowing the absolute values, the headline is fairly meaningless

Re: EVs Are Selling Well for Everyone Except Tesla

#18

> Sales data from April, collected by Automotive News, shows growth in the EV market outpacing that of vehicles as a whole. Electric sales were up 14 percent as a whole, which is a promising number. Yet, when you take Tesla out of the equation, those numbers skyrocket: Non-Tesla EV sales grew a full 69 percent over the same period.

Maybe Tesla's market/customer base has just saturated.

This is the financial model the large investors have been working on. Luxury market saturation followed by commoditisation of EVs.

Go look at the Invesco QQQ ETF on Morningstar and they're the only loss in the top 10. Also why you diversify your investments and don't go all in on TSLA. Ride it, dump it.

Re: EVs Are Selling Well for Everyone Except Tesla

#19

And yet "Tesla Y has taken the top spot on the sales chart, outselling the Corolla in 2023 as the world's most popular passenger car." According to https://www.drive.com.au/news/tesla-model-y-worlds-best-sell... I think the car advice journalism is hopelessly polarised and political, like everything else. Sad.

> car advice journalism is hopelessly polarised and political

Not sure why you’re coming to such a weird conclusion from two sets of facts that are mutually compatible.

Tesla makes the best-selling EVs. We don’t have sales numbers for Q1, but they’re probably in line with 2023. The news is that while most of 2023 involved reporting on how EV sales were flagging, on review, we find EV sales are growing fine, it’s Tesla’s that are stable. That means they’ll continue to be a top seller. But less top than before.

Re: EVs Are Selling Well for Everyone Except Tesla

#20
post #9

I am in the market for a new vehicle and am strongly considering purchasing an EV. Tesla’s lineup seems stale to me. The Model 3 is relatively modern. However, the Model Y is due for a refresh but project Juniper has been delayed. The Model X, and S are also stale. Competition offers fresh models with more better build quality and design. Tesla seems to be falling behind.

It’s not clear if Tesla is focused on new models anymore. Seems like they think that the only way to justify their stock valuation is if they improve FSD.
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