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Tesla market share in US drops to lowest since 2017

reuters.com

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Re: Tesla market share in US drops to lowest since 2017

#241

Post by alextingle »

hyperadvanced wrote: post #151
bdangubic wrote: post #143

Earlier quoted context omitted.

shorting TSLA is never smart because TSLA investors are not driven by any rhyme or reason. Elon is the greatest salesman to ever live and people have been buying his sh*t for decade+ now. if TSLA was a reasonable company investment-wise I would mortgage my house to short the shit out of it :)

Yep, that’s why I clarified that I am a recent bear. I think that in the next year funds will reevaluate them and we will see at least a 20% drop in price.

It'll never drop by 20%. Either it keeps on growing, or it collapses.

Given that they apparently have no new models in development, I'd expect the latter.

- Their roadmap is just updates to their existing line-up, and vapourware crap that relies on their "Full Self Driving" somehow magically starting to work.

Re: Tesla market share in US drops to lowest since 2017

#242

Post by assimpleaspossi »

AsmaraHolding wrote: post #9
assimpleaspossi wrote: post #4

Earlier quoted context omitted.

Yes. A lot of people, and obviously some "news" reporters, need to learn the difference between market share and stock price. And that as a market grows one company cannot maintain the same market share as competitors join in over time.

> as a market grows one company cannot maintain the same market share as competitors join in over time. Why not? Look at Apple's smartphone market share in the US. It's been fairly constant at 60% for the last 15 years.

Taken to the extreme for example, say Apple had 100% of the market. If a competitor entered the market and gained 1% share,then Apple's market share will have decreased.

In Tesla's case, a number of competitors have entered the market. It would be impossible to maintain whatever market share they had no matter how good the product is or how well their stock price is doing.

Re: Tesla market share in US drops to lowest since 2017

#243

Post by 01HNNWZ0MV43FF »

ajross wrote: post #159
lgleason wrote: post #45

Boring lineup, Lack of recent innovation, poor repairability and a CEO who has alienated people on both sides of the political isle. The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO.

Nah, they're still the best cars you can buy[1]. It's all down to Musk's political antics. [1] Seriously, it's hard to be lacking in innovation when other brands still don't even have walk-up unlock or 360° cameras, much less drive themselves around or launch like rockets. And the repairability thing is a meme from back when they had part production lag due to crazy scaling. Getting a Tesla fixed now (and yes, I have…

Istg I had a ten year old Prius with walk up unlock

They're terrible for privacy too. Just give me the finished product after the AC button is in and the telemetry is gone

Re: Tesla market share in US drops to lowest since 2017

#244

Post by utyop22 »

dghlsakjg wrote: post #56
utyop22 wrote: post #19

Earlier quoted context omitted.

Marketshare is how revenue is determined. If the market as whole grows but Tesla's share of it does not at least stay static, it means it is losing revenue.

That's not how revenue is determined. Revenue is determined by, well, revenue. You can lose market share and increase revenue if the market is growing fast enough. If you measure market share by units moved (as many markets are measured), you can raise prices and increase revenue despite lower unit sales and lost market share.

If the total sales of a market = 100 and Tesla has 20% share then it has 20 in revenue.

Basic math dude.

There’s such a thing as a top down vs bottom up approach.

Re: Tesla market share in US drops to lowest since 2017

#245

Post by TheOtherHobbes »

SoftTalker wrote: post #98
johnnyanmac wrote: post #64

Earlier quoted context omitted.

I don't know why we're putting politics aside. I'm sure those political escapades didn't help in cratering their stock. All companies are trying to cut on variety right now. Of course, a software service used daily won't be hit as hard as a mid-class car company. Heck, even the affordable car companies are charging mid tier prices these days. The results are clear if things don't change.

I agree and actually think it’s the overwhelming factor. People loved Tesla and Musk until he started promoting his politics. It was a stupid thing to do as a CEO, especially for a company whose customers tend toward the opposite end of the political spectrum.

People loved Tesla and Musk while he was pretending to do green and progressive politics. That was a huge boost to the brand, because the cars, the batteries, and Starlink all made sense as an ecosystem that came with attractive branding and customer identification.

Then he did a 180 and set it all on fire. It's now a top-down zeitgeist, not a bottom-up one, and the most understated thing anyone can say about that is that it's causing growing resentment.

Re: Tesla market share in US drops to lowest since 2017

#246

Post by strken »

hyperadvanced wrote: post #124
Fomite wrote: post #94

Earlier quoted context omitted.

This. None of them make me go "Damn, that's a good looking car..." any more than a number of others. The Cybertruck is just am embarrassment, design wise.

OTOH, Cybertruck is one of the only original car designs in modern memory. It’s dumb as hell, but I like it. That said, I have no idea who it’s for, I wouldn’t buy one. But I respect them for designing such a ridiculous vehicle, and for it actually being able to sell, albeit somewhat poorly compared to expectations. I say all of this as a recent $TSLA bear with a healthy short position.

I thought it was a neat concept but I'm surprised they took it directly into mass production. I thought they'd take the design language and make something a bit more mainstream with it.

The matte steel body and the unbroken slope on the front are cool, if impractical. There's something funny about the tray and the featureless non-grille though.

Re: Tesla market share in US drops to lowest since 2017

#247

Post by alasdair_ »

ajross wrote: post #159
lgleason wrote: post #45

Boring lineup, Lack of recent innovation, poor repairability and a CEO who has alienated people on both sides of the political isle. The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO.

Nah, they're still the best cars you can buy[1]. It's all down to Musk's political antics. [1] Seriously, it's hard to be lacking in innovation when other brands still don't even have walk-up unlock or 360° cameras, much less drive themselves around or launch like rockets. And the repairability thing is a meme from back when they had part production lag due to crazy scaling. Getting a Tesla fixed now (and yes, I have…

We have a model X and model S. I still like them but for our latest car we bought a Rivian SUV instead. The interior is just laid out better and there is a lot more space despite being roughly the same size as the X.

The Rivian has the 360 degree view and other stuff as well.

And as for the delays - our X was in a minor collision last November and is STILL not fixed. The only way to contact Tesla is through the app and so we make an appointment, take photos, describe the issue and then are told to wait two months for our appointment. Then invariably the day before the appointment, we are told that the center we had the appointment at cannot do the work and to go to another center, with another two month delay, which then tells us the same thing.

Not being able to reach a human to fix out $100k+ car is infuriating.

Re: Tesla market share in US drops to lowest since 2017

#248

Post by TheOtherHobbes »

stingraycharles wrote: post #36
cosmic_cheese wrote: post #16

Political issues aside, Tesla has a variety problem. If we converge the split between midrange and premium, their lineup consists of a midsize sedan, a midsize SUV, and a niche truck. Early on this was in their favor, but with more automakers entering the fray with serious attempts to compete, they’re going to have to add at least a couple more models to reman competitive: something in the vein of a Chevy Bolt on one…

They haven’t released anything decent since the Model 3, which was a massive success. It’s baffling to me that they’re now betting the company on robotics, rather than improving and extending their existing lineup of cars.

Musk is now reliably erratic. He's convinced his dramas are entertaining, and he's playing it all for the attention and the lulz.

None of that makes him a credible or even a competent CEO.

Considering that Tesla's P/E is the highest in the S&P 500, and is 3.5X higher than the next company in the list, it's been hinted that Tesla's valuation is coming from - cough - alternative sources and isn't a sensible estimate of potential earnings.

Mocking conventional investors seems very much the current MO, just as much as mocking customers.

So I don't care what he's betting the company on. Tesla is now a drama for the sake of drama stock, and anyone who is expecting it to produce credible products may want to reconsider that possibility.

Re: Tesla market share in US drops to lowest since 2017

#249

Post by [deleted] »

tayo42 wrote: post #195
loloquwowndueo wrote: post #59

Earlier quoted context omitted.

People are tripping over each other to pay $60k for suvs and trucks. There’s no incentive for smaller or cheaper cars as long as people are happy paying current premium prices.

Ford maverick has waitlists. Small and around 30k

[deleted]

Re: Tesla market share in US drops to lowest since 2017

#250

Post by unwind »

Way over here in tiny little Sweden, I've multiple times seen Teslas with custom stickers saying "I got this before Elon went crazy" or something similar on the trunk.

The situation might be different here though since there has been a rather long-running and high-profile conflict between Tesla and the unions, on top of all the other madness.

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