Tesla has consistently exaggerated the driving range of its electric vehicles, reportedly leading car owners to think something was broken when actual driving range was much lower than advertised. When these owners scheduled service appointments to fix the problem, Tesla canceled the appointments because there was no way to improve the actual distance Tesla cars could drive between charges, according to an investigation by Reuters.
I guess we add this to the pile of complaints about Tesla.
The real takeaway here for me is that if you make an amazing product, you can treat your customers any way you like. They’ll keep buying. Despite all of these complaints, their output is parabolic. They’re not just up YoY, they’re even up QoQ. In other words, their Q1 2023, which is typically the slowest auto sales period, just beat Q4 2022, which is typically the highest volume period. Their most recent market announcement for Q2 shows 466,140 deliveries; up from 422,875 in Q1. That’s 9% QoQ for an auto company. They now command 4.46% of the entire US auto market. An EV company. Not only is their total auto market share increasing, but their EV market share is increasing as well. This despite almost every major auto manufacturer entering the market with a century of auto making experience, and the supply chains to match.
I wonder how much of this is fulfilment of old orders (prior to Musk ruining his public image). It’d be interesting to see a chart of the amount of orders they’re getting rather than cars they’re shipping.
I think you’re overestimating the effect of news stories on his public image
I think we overestimate how much people care about Twitter and stuff. There is not much news about him outside of our bubble.
No one is waiting for their car since July 2015…
I’m always amazed at the amount of well researched pro musk comments pop up under things like this.
I see at least two multi paragraph, cited comments including yours on this thread. Amazing how fast y’all can just fire these huge sets of data off like that!
Before you go cumming over those financials, Tesla is currently slowly losing EV market share as other US producers bring on their vehicles https://www.axios.com/2023/04/05/tesla-ev-electric-vehicle-adoption.
In addition, worldwide BYD is either outselling Tesla or about to outsell Tesla depending on the vehicle type! All that after being laughed off as competition by Musk. https://cleantechnica.com/2023/02/07/tesla-1-in-world-bev-sales-by-big-margin-2022-world-ev-sales-report/
The American market loss is a matter of time as the larger auto makers being additional vehicles into the market, the global market loss has been written in stone for years now.
I am clearly a bot, sent from the Illuminati, to promote the image of Elon Musk in his pursuit of world domination. Now that you have caught me I will commit suduko and retire to the Matrix. WAAAAAAAGAAAARBLGBLGBL
The Axios article used data from Jan 2022 to Jan 2023, and over that specific period of time Tesla did indeed lose US market share. However when you include more recent data from Q1, Tesla made a large gain QoQ, and still increased their market share YoY. The key is to use current data to support your premise.
As for BYD, while they currently command 12.6% of global BEV sales, compared to Tesla’s 18.2%, they are growing quickly. I think that’s great for competition, and great for the industry. Don’t you?
No I’m just always amazed that you seem to have come from having this argument already fully prepared.
You can use current data, but if you are ignoring every bit of information that an investor would look at over a period of multiple financial cycles, you wouldn’t exactly be as bullish on the value and market share in comparison to other US makers who are increasing deliverables and aren’t having the same consistent QC issues.
In addition, Elon is currently leaching value from Tesla to prop up his other ventures. I will be much more invested in Tesla once the board replaces him, which as a lay person I’m guessing they’re gonna do in the next year.
Especially now that JB is back on the board. When they voted Straubel back in, Elon’s days were numbered imo.
You’re amazed that someone might know things? These are the same discussions reddit has been having for years.
So, buy TSLA is what I’m hearing?
Lol, no.
That parabolic growth is already baked into the price. It would need to do even better than extraordinary to make it a buy, and they won’t pull that off unless they can achieve full autonomous driving, which I still think is 10 years away. Whoever is the first mover on that will be one of the richest companies on the planet.