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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

#91

Post by DoesntMatter22 »

Aurornis wrote: post #13
andsoitis wrote: post #5

Company value is dependent on expected future profit/revenue/etc. not market share per se. If the market grows in size and you’re able to grow revenue and profit, reduced market share in and of itself doesn’t matter. While the U.S. market share has declined, Tesla's overall annual revenue has continued to grow from $11.75 billion in 2017 to over $97 billion in 2024, though it saw a slight decline in revenue for the 1…

> If the market grows in size and you’re able to grow revenue and profit, reduced market share in and of itself doesn’t matter. The Tesla story and its high valuation were based on the idea that Tesla had won the car market, others couldn’t catch up, and Tesla was going to be doing laps around the competition with all of their additional business lines that grew out of their class-leading EV business. If their EV bus…

Most of the issue is that their competitors are selling at a big loss. Ford admitted so recently and are starting to make fewer cars. Rivian and lucid are also hemmoraging money.

Without the tax credit these companies may cease to exist or stop making evs in the case of Ford.

It's likely they will have fewer competitors soon

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

#92

Post by malfist »

yalogin wrote: post #62

This is expected. Tesla enjoyed a more than a decade long position as the leader. Even now it’s a strong pick because of the extensive charging network they built. No other company comes close, and this charging network will reap recurring revenue for them. However the cars themselves are really shitty. I mean really bad for quality and do not offer any aesthetic value either, they appear very plain and generic at th…

NACS is on all the new cars, and most older cars have shipped out adapters if it was made in the past year or two. The network no longer matters.

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

#93

Post by andsoitis »

nabla9 wrote: post #15
andsoitis wrote: post #5

Company value is dependent on expected future profit/revenue/etc. not market share per se. If the market grows in size and you’re able to grow revenue and profit, reduced market share in and of itself doesn’t matter. While the U.S. market share has declined, Tesla's overall annual revenue has continued to grow from $11.75 billion in 2017 to over $97 billion in 2024, though it saw a slight decline in revenue for the 1…

As the link you provided shows Tesla's revenues have been flat almost 3 years now.

> As the link you provided shows Tesla's revenues have been flat almost 3 years now.

2024: $97.69 B, i.e. +0.95% vs. 2023

2023: $96.77 B, i.e. +18.8% vs. 2022

2022: $81.46 B, i.e. +51.35% vs. 2021

So flat for 1 year (going into 2024) and we don't yet know 2025 numbers, which is less pessimistic than your "almost 3 years flat".

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

#94

Post by Fomite »

rcdemski wrote: post #26
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…

Again, politics aside, I just find the lineup boring. Every model outside the Cybertruck looks like a ten year old car. Even the refresh of the model Y is still reskinning a design language started with the Model S, but with any interesting soul stripped out to reduce cost. The nerd in me loves the technology, particularly behind the scenes features of the Cybertruck like 48v architecture. In the end I want to drive…

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.

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

#95

Post by SoftTalker »

rayiner wrote: post #35
rcdemski wrote: post #26

Earlier quoted context omitted.

Again, politics aside, I just find the lineup boring. Every model outside the Cybertruck looks like a ten year old car. Even the refresh of the model Y is still reskinning a design language started with the Model S, but with any interesting soul stripped out to reduce cost. The nerd in me loves the technology, particularly behind the scenes features of the Cybertruck like 48v architecture. In the end I want to drive…

My wife thinks they all look like jellybeans. Tesla makes them like that to maximize efficiency, and they’re still #1 on that metric, but people don’t care about that.

All cars made in the last 20 years look like that. It’s wind tunnel design, there’s only one optimal overall shape that a car can have.

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

#97

Post by BLKNSLVR »

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.

Tesla's focus on robotics feels like Meta's focus on AR: Waaay ahead of time.

I may be proven wrong, but until then I'll point to ~ten years of FSD promises.

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

#98

Post by SoftTalker »

johnnyanmac wrote: post #64
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…

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.

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

#99

Post by kurttheviking »

DoesntMatter22 wrote: post #82
stingraycharles wrote: post #36

Earlier quoted context omitted.

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.

The model Y is the best selling car in the world, so this statement doesn't really make sense

I thought the Rav4 had been outpacing it for awhile now. (Plus, that's also artificially limiting total vehicle sales which are, unsurprisingly, still trucks.)

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

#100

Post by bsder »

hammock wrote: post #38
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…

> 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 I don’t know if you have checked out other OEMs lineups lately…Ford doesn’t even make a sedan anymore. That’s right. Just SUVs and trucks. And mustang supercar. Other OEMs have similarly trimmed their lineups. You can thank CAFE er al for that.

> You can thank CAFE er al for that.

Somewhat, but I'll blame business finance way, way, way more.

The US automakers are doing the exact same dumbass thing they did in the 1970s with "BIGGER!-shouted (and more profitable)-whispered" until the Japanese automakers showed up and wiped the floor with them.

Well, BYD is coming and is going to wipe the floor with them.

"Those who cannot remember the past are condemned to repeat it."

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