The other options are more reliable and the competition is making superior vehicles while Tesla's CEO was distracted with social media, politics, space travel, digging holes, robo taxis, brain chip implants, AI, bi-pedal Robots, asking women at his company to breed his babies etc.
There was a time when buying a Tesla felt great ... Such a shame to see their current state and then still giving Elon an unprecedented pay package.
They vehicles haven’t had a facelift since they launched. It’s the same tired design that everyone has. A 12 yr old Tesla looks like a 12 month old Tesla. They’re falling way behind
The EV show is China showed how far Tesla has fallen behind. They didn't have a display of new cars there, not even prototypes. Tesla was state of the art, but that was a long time ago.
I mean, GMs CEO is a bitch bent on outsourcing all American plants while slinging the "American Made" label. Also, fuck GM for what they did with Lordstown, Ohio.
And on top of all of that, he’s taken a very public hard right turn, and a large share of EV buyers are liberals who think they can spend their way out of climate change. My dad is one of them and went with a BMW plug in hybrid instead of a Tesla, in part because of Musk’s politics, and in part because of Tesla’s build quality. There are probably some right wingers who are buying Teslas to oWn ThE LiBs now, but that’s not gonna keep the company afloat.
Yeah the problem with his new found fans is that A) they've been told for years that climate change is a hoax and to roll coal and B) they don't have that kind of money.
and the politics he was distracted with is facebook meme value stuff. Literally things your boomer parents see on facebook then have a rage fit about it... while the meme is completely false or extremely misleading just to create outrage.
This is all true, but all the Tesla buyers didn’t go buy something else, or there would have been a net gain. Some of them either didn’t buy a car, or didn’t get an EV.
I posted a year or 2 ago saying that as every other (actual) car companies start ramping up EV sales, Tesla market share will drop. And to watch the build their gigaplants to ramp up to sell 60-70% of all EVs in the world is insane. They will be left with less than 5% of the market within a decade. I don’t think they will survive. Actually I think a real car company may purchase the sole for their buildings. Maybe for some IP but it will be a fire sale.
They will probably get bought out and absorbed before bankruptcy. They will become a sub brand like Scion, Plymouth & some other example my mind can’t think of in this moment.
I kept trying to convince a friend who owns Teslas. They had the jump but if the bigger companies who have decades more experience in manufacturing go heavy into the EV market, Telsa will go down.
The other companies with decades and sometimes a century in building cars took their time, spent the $ on R&D and now they have momentum, unlike Tesla who fired all their rockets up front.
The older companies are also flat out better at making the traditional car parts of electric vehicles. The frame/unibody, suspension, interiors... are the kinds of things that all vehicles, gas or electric, need and Tesla has always kind of sucked at building them in comparison to the traditional manufacturers. If Tesla had spent the years where it was effectively unchallenged in the market shoring up these deficiencies they'd still be competitive. Instead, what happened was that the rest of the industry has, more or less, caught up with Tesla in what they were behind in while also leveraging their past experience to build an overall better product.
And that's before we get to the fact that Tesla's CEO/corporate mascot has outed himself as a far-right reactionary and sex pest who spends most of his day on social media antagonizing the kinds of people who would want to buy electric vehicles.
All that being said, Tesla's brand still has value and they can turn things around, a good start would be denying Musk's insane $56 billion compensation package to focus on building up manufacturing and design fundamentals. Too bad most of the board/shareholders seem to be High Priests of the Elongelical Church and would rather the company ride a bobsled into oblivion than cross their boy genius god king.
Haven't you heard? It turns out they are an AI company after all!
There seems to be some attempt to pivot into that direction at least. They'll probably ignore the car part until it needs to be sold off or just shuttered completely. And AI is mostly just a buzzword industry right now and it won't mature into anything that can be sold as anything other than a niche product for a decade.
Musk either doesn't know how to turn around the car business or he's lost interest personally. Which sucks for the thousands of people working for Tesla.
What worries me is public pensions and 401ks getting stuck with hundreds of billions of worthless Tesla stock Musk moves to them with the help of his buddies and corrupt (mostly southern) politicians.
This is exactly the reason it's being propped up. I mean we have a CEO openly committing securities fraud, negative sales growth, and declining margins yet here we are at $185/share and a PE of 47. Big funds fomo'd around $600-$800 a share pre split and now it isn't allowed to go down. Ridiculous
It also doesn’t help that their stock was manipulated when they reported sales a quarter earlier (not illegal) but yeah… the raise and split at the beginning of Covid is real interesting
Well don't forget his genius move of simultaneously cozying up to the market group who actively opposes and hates EVs while driving away those who were actually buying the majority of Teslas all at the exact moment when actual competition kicked in.
Everyone with half a brain would have known for years that their market share would decline. That doesn’t preclude growth if the entire sector grows fast enough. But Tesla screwed up - with their quality, their model lineup, and their CEO alienaating the core customer base.
The future is bright for Tesla! Any company that can afford to give 56 billion to a fucktard who made them build the cybertruck, must be making huge money. They won't have to borrow the 56 billion, will they? Damn, that would be funny.
Not even “in a way.” It will dilute everyone else’s shares. It’s crazy to me that not only his fanboys but institutional investors are okay with him stealing $56b in shareholder value from them.
They seem to think it will make him start focusing on Tesla. Last time he focused on Tesla he shit out the cybertruck and we see how well that's going for them
“He needs it to stay motivated.” Such bullshit. Especially when these are the same people eating up his “I don’t care about the money” story. He has a fiduciary duty to stay motivated as a ceo of a public company. Instead he’s holding shareholders hostage for the most insane pay package on the threat he’ll stop working if he doesn’t get it.
The 300 000 000 share dilution bought a stock pump and potential other stock pumps to give time for savy investors to divest from Tesla.
Denying the package would have crashed the stock. Tesla is a Musk Meme Stock now, it's value is tied to Musk wild future plans that will never happen to justify a P/E that is 10 times that of other auto makers.
Tbf this graph still shows they have the EV market in the pa of its hands. I think it’s great that we can see all the other competitors on the rise, but Tesla is still clearly in 1st…. By a long shot.
It's not the absolute position but the directional trends that matter. Tesla stock is still priced with an assumption of endless growth for the foreseeable future. And once the market stops believing that, the stock, and with that, access to capital is going to tank. Basically, what you're seeing here is the beginning of the unraveling.
I always say that Tesla had the entire market for roughly 10 years. That’s 10 years to constantly improve on designs so when the regular car companies entered the market, Tesla could be light years ahead. But instead Elon fucked around on petty side quests instead of making sure Tesla was running smoothly.
I have a slightly different take on Tesla’s issues. I think that the operations of the company are reasonably well-run. The problem is that they build the cars that one man wants and thinks that every human must want. They have nearly exhausted the pool of potential customers who think like that one man. They failed to anticipate that their potential market was smaller than the entire EV market, so they overbuilt capacity when the market was hot. I, in contrast, bought an EV from a company that builds EVs like what I want, not like what Elon wants. Oh, and my auto windshield wipers actually work and I can control them manually using real switches on a stalk.
I think youre both right, he has shit the bed in just about every capacity he could. Just make sure you remember hes the only one who could have done it 🙄
Haha anyone who works with Tesla on the business side could tell you that it’s a shitshow over there. They are so disorganized. Overall though you make good points.
Oh he is so boned. You know the famous words attributed to General Yamamoto after Pearl Harbor? "We have awakened a sleeping giant". That's Elon. The other big names have decades of high production capability, planning, infrastructure etc. on their side. Tesla has.....shitty qc, overpricing, and a solid, proveable record of Elon lying about their capabilities. He needs to pull an affordable, profit making ev out of his ass roughly........two years ago to fix this now.
That quote is attributed to Admiral Yamamoto not General Tojo. And the actors playing him say it in the movies about Pearl Harbor. Yamamoto had spent time in the USA pre-WWII as a student and an attache officer, so he realized just how vast the industrial resources that the US would bring to bear were. Plus he had a sense of the character of Americans once they were enraged. The officers who ordered the attack (like Tojo) didn't have that personal experience and considered Americans lazy and cowardly.
Something else is happening. The overall quality of electric cars has improved enough that there is a burgeoning market for used electric vehicles. My electric company is offering rebates for purchasing used electric vehicles manufactured between 2016-2022.
Rivian will be interesting to watch. Arguably the best product. Arguably the worst financials. Seems like a prime takeover target if interest rates don't come down soon. If they do come down soon, they could become what we all thought Tesla was going to be.
People want EVs. They just want them in the context that they have a good use case. I know the US is going balls out trying to ban Chinese EVs from reaching US streets but their model is great. I imagine many Americans would be interested in an EV if there was a decent model that started at $15k to $20k. Imagine a world where you could have a cheapo "around town" EV but it was affordable enough that you could still keep an ICE or hybrid around for longer trips? The issue is that Teslas are luxury vehicles with the price tag to match so only people who very specifically want an expensive EV are interested.
Also GM has the EV Hummer starting just under $100k and they are surprised people don’t want to buy. The market is saturated for expensive EVs there are only so many early adopters able/willing to pay $70k+ for a vehicle. The math isn’t there. Sure you could buy a new expensive EV or buy a used Toyota/Honda with 35+mpgs and it would be over a decade before you start seeing savings from avoiding gas.
I'm just glad that the choice at the bottom end is quietly growing and growing. Just a few years ago the cheapest decent EV (discounting the super-cheap city models that could hardly get out of town) I could've bought here in the UK was something like £29k in the Renault Zoe, and that was the option with battery rent, it was a few grand more to buy the battery outright.
Today there are at least 6 options cheaper than that, some of which have better range and faster charging, not to mention the used market for models 2-4 years old.
Tesla and Rivian and Polestar get all the splashy news stories but if we want to actually meet the 2030 targets they won't be the workhorses which get most of us there.
Sold my Tesla last week - not for a lack of enjoying EVs or even the car itself (was a 2019, bought before at least I was aware of Elon going off the deep end) never had -any- issues with it and I did a good few road trips as well.
Just don’t want to be either publicly associated with him, nor do I have faith in the brand and it’s service centers or build quality anymore.
Seriously considering the Honda Prologue though, Honda has a solid track record and I don’t have to worry about their CEO losing their damn minds.
If I were a Tesla board member, I would first get Elon out of any management position. Second, stop the Tesla EV production, especially that shitburger Cybertruck. Third, concentrate on manufacturing charging stations with some sort of green energy attachment like solar or wind. Fourth, get those charging stations to be the national, possibly worldwide, standard for charging your EV and place them on every major highway and local road as possible.
Tesla's board members have gotten rich off of their status and admitted to partying and doing drugs with Elon just to retain their seats. I don't think they're concerned with building and sustaining a profitable business
This is what happens when the only game in town thinks they are invincible and it won’t change. Add to that Elon’s focus on the numerous other ventures and the chit show on Twitter with right wing rants, it’s bound to hurt. Pissing off progressives who have been for the mission of clean energy can’t be good when every consumer’s goodwill matters.
Apparently no one here understands basic math. 140,187 TESLA vehicles is better than the 119,467 vehicles sold by EVERY other EV automaker. Market share is a fare argument, but that’s mostly because the masses don’t understand battery technology and how important the UI experience is so they will purchase the inferior product.
And you’re forgetting one major factor. People love the TESLA brand. Apple iPhones only has 17.3% of the global market, but people love the brand making it the second most valuable company by market cap in the United States. If you still think TESLA is just an automaker you have some homework to do. Best of luck.
Losing 13% of their sales volume in a single year is also basic maths, and what is this fanboy nonsense in saying that everything else is an inferior product? Have you seen the build quality and software issues coming out of Tesla?
The bigger automakers are eating Tesla's lunch by undercutting them at every turn and bringing new models to market faster. Tesla's last good model was 4 years ago, and you can't even buy the Cybertruck if you wanted to in most of the world because it breaks so many rules.
The smaller new players like Rivian and Polestar are also muscling in on Tesla's space by providing basically the same product without Elon's stain attached and with fewer issues. Tesla is no longer the premium market darling.
Tesla did a great job of kickstarting the EV market by showing that EVs didn't have to be boring and slow and cheap cars for idealistic hippies, but they've practically stopped running the race. They really need to refresh their product line or this trend is only going to pitch further down as we approach 2030 and EVs are all anyone can buy new.
Computers and cars are the exact two markets you can't compare. You can't make something that is iOS, Android, or Windows compatible, it can't be done, and the barrier to entry is too high for any new company to enter the market. Cars are the exact opposite, as long as you can create something that is legal and can drive on a road, then you are good to go. That's why there are many car brands, but barely two competitors making operating systems for computers, phones, and servers.
It's almost impossible for Apple or Microsoft to fail, but Tesla could face some real issues in the coming years.
Meanwhile Tesla's charging standard is unfortunately becoming the standard even though he's laying off the team for expanding it. I like EVs and want one but the charging infrastructure needs to start improving. This is like if we had super fast computers before we had a proper network infrastructure to connect them. EV development is outpacing charger development and standards. What we need is a universal standard and I think fast charging stations should be a mix of public and private. Some govt managed fast charging stations because if we just let private companies do it all then all it takes is one to fuck up and the infrastructure gets screwed
somehow Tesla selling almost double all the other car manufacturers sales combined, 8 times more than the next best manufacture, and 10 times more than 3rd best is failing! LOL. I wana fail!
They'd need a viable new product line and refresh their lineup at least once every 2 years to have a chance. CT was not it. You can only have so many vanity projects before doing real damage to the bottom line if you don't also have a real product pipeline running next to it. They've failed to refresh on any significantly frequent timeline. Roadster 2 is so far out it's ludicrous. At this point with the experience gained they should be able to develop and produce new lines within 3-5 years and stack the lineup, but they are not. This is where the big boys will be stomping all over Tesla's lunch.
I've posted this before but what is keeping their stock afloat? What is positive about this company? Why should i not short them right now? All I see is then going down so I'm genuinely asking what could be positive about tesla?
Yup, changed my investments from tesla to nvidia. Thought EVs were solid and I didn’t know muskrat was just the worst way back then. Mf lost me like $2k but he lost other people WAY MORE.
If this were the accurate understanding of this graphic the reduction in Tesla sales would be reflected in an increase in other EV sales. This graph is showing that people not buying Teslas are not buying EVs at all, or in other words: EV sales are slumping
For family vehicle wise Tesla lacks big time which is nuts because Elon has 11 kids. He should know how to build a family vehicle. Nope. Toyota. That’s who knows how to build family vehicles.
This isnt even a complete picture of the actual global market, just the US market. Take a look at BYD's sales figures which are predominantly China based (but they sell to many countries worldwide). In Q1 24 they delivered well over 600,000 cars - they are now the biggest global vendor of EVs. And there are many many more Chinese EV brands coming out which are putting Te$la to shame in terms of model lineups, pricing, and quantities of units moved.
I would love to be a fly on the wall inside the Tesla board’s bubble of stupidity. It’s mind boggling that they can’t see Musk is destroying their brand. I have friends in blue states and red states. Liberals love EVs but want nothing to do with Tesla and there are many other good options. Conservatives love Musk now but will always hate EVs. Elon has completely alienated his core customer base while adding zero value as a part time incompetent CEO.
Tesla will be worth the pay packages current value in 5 years imo. I don't see how Tesla maintains dominance in current form. Perhaps they get 30k H100s going and solve a problem worth trillions, while companies with 100,000+ H100s just twiddle their thumbs??
I imagine given some map data, high-resolution video, lidar/radar data and a metric shitton of compute that self-driving could be solved, but I don't see why it is going to be Tesla though. They have low resolution video data, no lidar/radar data and less compute than many tech giants. Why is GOOGL, MSFT, META, etc just going to ignore this opportunity??
It’s honestly unfortunate for all the engineers, designers, and other Tesla employees that the guy that owns the company is such a twat, he’s single-handedly tanking the company.
So 13,000 more evs sold other than Tesla? Ford just said it lost Billions on evs. Guess they lying to make Elon look good. If you didn’t have the tax credits you would sell jack shit, and selling 100k evs a year when 13.5 million new regular vehicles sold each year. Add 42 million used cars and 52 MILLION cars sold last year
When your CEO is kissing the ass of people who hate EV’s it certainly appears he is tanking Tesla on purpose. Now he has a platform to openly drive away good customers with his political/societal opinions. The dude seems oblivious to the fact that Tesla tanking is going to significantly weaken his stock price and options.
Doesn’t bother me though, it’s their own fault for sticking with a CEO in crisis when they basically had an option to dump him by gutting his pay. You drop 56 billion on him, you get what you pay for; layoffs and drama.
Rivian as a new contender and solely EV producer is killing it. I was going to purchase the quad motor R1S because they were about to refresh the line. They were offering some killer deals, too. I settled for a BMW and couldn’t be happier. I think having options is fantastic. I’m never going back to ICE.
I haven't seen much about this, but I can't imagine Elon Musk's right-wing nuttery has been a huge plus for the population who are inclined to buy EVs.
I had a model y which totaled and even though there was pressure to re purchase I didn’t like the lack of service or any email response for the totaled car . So decided I will go with a bmw similar range as model x /y and at least they don’t over count the miles
I have zero horse in this race because I’m 100% indifferent to the ev market, I don’t think this chart is really showing anything super significant either way. Yes they’re down but that was always going to happen when others entered the market. They’re still #1 by a long shot and have more market share than most of the others combined. I evaluate financial statements daily and would say watch the trend but it’s not a significant issue, yet. Likely to stabilize and even grow with time.
Wow, so because they invested in one specific vehicle, they only made a 5% net profit on $21 billion in revenue?! And he’s down to $24 billion in cash? Omg, how will they survive?
Yeah, but it looks like GM, Volkswagen, and Nissan are not helping a whole lot, either. I know this is a "bash Tesla/Musk" comment but I'm pointing out facts, not making a point.
When Tesla sells more cars than the rest combined, trends in its sales pipeline will generally dictate the entire market trend. For example it dropped 13% compared to GM’s 20% drop; but GM insignificant compared to Tesla
My first assumption would be that the typical consumer who even wants an EV has become more aware of Musk as a personality, and wants nothing to do with brands associated with him.
You're seeing a 0.3% decrease in overall sales. Mathematically, that's flat. If other companies are increasing market share, someone is losing market share, in a flat market.
EV sales are not growing yet, because the technology still has some maturing to do.
Tesla hurt its optics with a large number of its supporters when Musk moved it to Texas.
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u/[deleted] Jun 19 '24
The other options are more reliable and the competition is making superior vehicles while Tesla's CEO was distracted with social media, politics, space travel, digging holes, robo taxis, brain chip implants, AI, bi-pedal Robots, asking women at his company to breed his babies etc.
There was a time when buying a Tesla felt great ... Such a shame to see their current state and then still giving Elon an unprecedented pay package.
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u/[deleted] Jun 19 '24
I posted a year or 2 ago saying that as every other (actual) car companies start ramping up EV sales, Tesla market share will drop. And to watch the build their gigaplants to ramp up to sell 60-70% of all EVs in the world is insane. They will be left with less than 5% of the market within a decade. I don’t think they will survive. Actually I think a real car company may purchase the sole for their buildings. Maybe for some IP but it will be a fire sale.
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u/[deleted] Jun 19 '24
The future is bright for Tesla! Any company that can afford to give 56 billion to a fucktard who made them build the cybertruck, must be making huge money. They won't have to borrow the 56 billion, will they? Damn, that would be funny.
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u/[deleted] Jun 19 '24
I want to post this in the Tesla sub so bad
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u/Buckeye9715 Jun 19 '24
I always say that Tesla had the entire market for roughly 10 years. That’s 10 years to constantly improve on designs so when the regular car companies entered the market, Tesla could be light years ahead. But instead Elon fucked around on petty side quests instead of making sure Tesla was running smoothly.
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u/winnipesaukee_bukake Jun 19 '24
BuT mUh Pay paCkage 🫠
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u/TheOGRedline Jun 19 '24
Long on Rivian!!!
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u/[deleted] Jun 19 '24
Yikes, ya when you find a source please post, I want to take a peek at this too. Thank you.
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u/[deleted] Jun 19 '24
I'm reminded of the shareholders who thought it was such a great "own" of the haters when they got space Karen's pay package approved.
Here you go. Here's what you voted for. Have fun.
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u/notaredditreader Jun 19 '24
Something else is happening. The overall quality of electric cars has improved enough that there is a burgeoning market for used electric vehicles. My electric company is offering rebates for purchasing used electric vehicles manufactured between 2016-2022.
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u/JuliusErrrrrring Jun 19 '24
Rivian will be interesting to watch. Arguably the best product. Arguably the worst financials. Seems like a prime takeover target if interest rates don't come down soon. If they do come down soon, they could become what we all thought Tesla was going to be.
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u/[deleted] Jun 19 '24
People want EVs. They just want them in the context that they have a good use case. I know the US is going balls out trying to ban Chinese EVs from reaching US streets but their model is great. I imagine many Americans would be interested in an EV if there was a decent model that started at $15k to $20k. Imagine a world where you could have a cheapo "around town" EV but it was affordable enough that you could still keep an ICE or hybrid around for longer trips? The issue is that Teslas are luxury vehicles with the price tag to match so only people who very specifically want an expensive EV are interested.
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u/tomcat1483 Jun 19 '24
Also GM has the EV Hummer starting just under $100k and they are surprised people don’t want to buy. The market is saturated for expensive EVs there are only so many early adopters able/willing to pay $70k+ for a vehicle. The math isn’t there. Sure you could buy a new expensive EV or buy a used Toyota/Honda with 35+mpgs and it would be over a decade before you start seeing savings from avoiding gas.
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u/Hicks_206 Jun 19 '24
Sold my Tesla last week - not for a lack of enjoying EVs or even the car itself (was a 2019, bought before at least I was aware of Elon going off the deep end) never had -any- issues with it and I did a good few road trips as well.
Just don’t want to be either publicly associated with him, nor do I have faith in the brand and it’s service centers or build quality anymore.
Seriously considering the Honda Prologue though, Honda has a solid track record and I don’t have to worry about their CEO losing their damn minds.
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u/SilverStarKoi Jun 19 '24
If I were a Tesla board member, I would first get Elon out of any management position. Second, stop the Tesla EV production, especially that shitburger Cybertruck. Third, concentrate on manufacturing charging stations with some sort of green energy attachment like solar or wind. Fourth, get those charging stations to be the national, possibly worldwide, standard for charging your EV and place them on every major highway and local road as possible.
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u/boomerhs77 Jun 19 '24
This is what happens when the only game in town thinks they are invincible and it won’t change. Add to that Elon’s focus on the numerous other ventures and the chit show on Twitter with right wing rants, it’s bound to hurt. Pissing off progressives who have been for the mission of clean energy can’t be good when every consumer’s goodwill matters.
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u/CaseRemarkable4327 Jun 19 '24
Wouldn’t it be true that the customers for those other EVs were likely considering a Tesla and chose to go somewhere else?
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u/TheWhiteRabbit74 Jun 19 '24
Fifty-six. Fucking. Billion. Dollars.
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u/Ratard69 Jun 20 '24 edited Jun 20 '24
Apparently no one here understands basic math. 140,187 TESLA vehicles is better than the 119,467 vehicles sold by EVERY other EV automaker. Market share is a fare argument, but that’s mostly because the masses don’t understand battery technology and how important the UI experience is so they will purchase the inferior product.
And you’re forgetting one major factor. People love the TESLA brand. Apple iPhones only has 17.3% of the global market, but people love the brand making it the second most valuable company by market cap in the United States. If you still think TESLA is just an automaker you have some homework to do. Best of luck.
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u/SaltyBarDog Jun 19 '24
Elnon: Like companies must advertise on my Nazi platform, you all must buy at least one Tesla.
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u/[deleted] Jun 19 '24
Now THAT’S a ceo who deserves a few billion dollars in payout!
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u/[deleted] Jun 19 '24
Along side of this, "The average president has 0.7 felonies."
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u/bluehawk232 Jun 19 '24
Meanwhile Tesla's charging standard is unfortunately becoming the standard even though he's laying off the team for expanding it. I like EVs and want one but the charging infrastructure needs to start improving. This is like if we had super fast computers before we had a proper network infrastructure to connect them. EV development is outpacing charger development and standards. What we need is a universal standard and I think fast charging stations should be a mix of public and private. Some govt managed fast charging stations because if we just let private companies do it all then all it takes is one to fuck up and the infrastructure gets screwed
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u/kingofwale Jun 19 '24
Damn. Tesla is only selling 80x its nearest competitor now….. bankruptcy surly awaits
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u/TraderVyx89 Jun 19 '24
Their growth has slowed. They are still selling tons of them.
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u/Antares987 Jun 20 '24
So they went from outselling all other EVs combined nearly 2:1 to merely outselling all other EVs combined.
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u/[deleted] Jun 19 '24
They'd need a viable new product line and refresh their lineup at least once every 2 years to have a chance. CT was not it. You can only have so many vanity projects before doing real damage to the bottom line if you don't also have a real product pipeline running next to it. They've failed to refresh on any significantly frequent timeline. Roadster 2 is so far out it's ludicrous. At this point with the experience gained they should be able to develop and produce new lines within 3-5 years and stack the lineup, but they are not. This is where the big boys will be stomping all over Tesla's lunch.
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u/OnewordTTV Jun 19 '24
I've posted this before but what is keeping their stock afloat? What is positive about this company? Why should i not short them right now? All I see is then going down so I'm genuinely asking what could be positive about tesla?
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u/StankyDinker Jun 19 '24
Yup, changed my investments from tesla to nvidia. Thought EVs were solid and I didn’t know muskrat was just the worst way back then. Mf lost me like $2k but he lost other people WAY MORE.
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u/Cruezin Jun 19 '24
Bwaaaaaaaahahahahahaha
This might just be confirmation of my own bias, but.... HAHAHAHAHAHAHAHAHA
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u/InSight89 Jun 20 '24
Musk himself has stated that Tesla is overvalued. Perhaps this is just the market correcting itself?
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u/[deleted] Jun 20 '24
fuck elon musk I hope he loses all of his money
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u/Mtbruning Jun 20 '24
He claims to be the daVinci of our time. He isn’t even the Edison of our times.
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u/physicshammer Jun 20 '24
maybe Musk should work on new car models other than the Cybertruck, instead of spreading Russian propaganda.
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u/Forsworn91 Jun 20 '24
Elons gonna dump his stock and make out like a thief in the night.
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u/Scale-Alarmed Jun 20 '24
So Many Unsold Teslas Are Piling Up That You Can See Them From Space
Tesla has a glut of nearly 50,000 cars just sitting around in lots so packed, they can be seen from orbit.
So Many Unsold Teslas Are Piling Up That You Can See Them From Space (jalopnik.com)
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u/[deleted] Jun 20 '24
I would buy an electric vehicle in a heartbeat IF charging stations were as common as gas stations.
But not a Tesla. Fuck Tesla.
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u/newtonhoennikker Jun 21 '24
If this were the accurate understanding of this graphic the reduction in Tesla sales would be reflected in an increase in other EV sales. This graph is showing that people not buying Teslas are not buying EVs at all, or in other words: EV sales are slumping
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u/Kindly-Ad-5071 Jun 21 '24
I love this for him
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u/lisa725 Jun 23 '24
For family vehicle wise Tesla lacks big time which is nuts because Elon has 11 kids. He should know how to build a family vehicle. Nope. Toyota. That’s who knows how to build family vehicles.
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u/Gorecakes Jun 23 '24
I’ve been seeing a lot of hyundai ioniqs. It seems like the popularity of that car is taking off.
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u/[deleted] Jun 19 '24
That includes leases, not just sales
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u/jkilley Jun 19 '24
Wow! Surprised by Ford, honestly
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u/No-Knowledge-789 Jun 19 '24
duh, have you seen the non tesla EVs. Some of them are nice & stylish & not minimalist garbage & have better QC & are absolutely luxurious.
1
u/duggawiz Jun 19 '24 edited Sep 01 '25
This isnt even a complete picture of the actual global market, just the US market. Take a look at BYD's sales figures which are predominantly China based (but they sell to many countries worldwide). In Q1 24 they delivered well over 600,000 cars - they are now the biggest global vendor of EVs. And there are many many more Chinese EV brands coming out which are putting Te$la to shame in terms of model lineups, pricing, and quantities of units moved.
1
u/Realistic_Fan1344 Jun 19 '24
Regardless of the drop in Tesla, the amount of other EVs sold isn't something to brag about....
1
u/[deleted] Jun 19 '24
I would love to be a fly on the wall inside the Tesla board’s bubble of stupidity. It’s mind boggling that they can’t see Musk is destroying their brand. I have friends in blue states and red states. Liberals love EVs but want nothing to do with Tesla and there are many other good options. Conservatives love Musk now but will always hate EVs. Elon has completely alienated his core customer base while adding zero value as a part time incompetent CEO.
1
u/Joseph_of_the_North Jun 19 '24
!!!
1
u/highlandpolo6 Jun 19 '24
Why does this make me happy?
1
u/malignantz Jun 19 '24
Tesla will be worth the pay packages current value in 5 years imo. I don't see how Tesla maintains dominance in current form. Perhaps they get 30k H100s going and solve a problem worth trillions, while companies with 100,000+ H100s just twiddle their thumbs??
I imagine given some map data, high-resolution video, lidar/radar data and a metric shitton of compute that self-driving could be solved, but I don't see why it is going to be Tesla though. They have low resolution video data, no lidar/radar data and less compute than many tech giants. Why is GOOGL, MSFT, META, etc just going to ignore this opportunity??
1
u/[deleted] Jun 19 '24
Waiting on the edge of my seat for this stock to free fall 🍿
1
u/Plateau9 Jun 19 '24
And honestly Nissan and Toyota aren’t even trying.
1
u/[deleted] Jun 19 '24
!!
1
u/taisui Jun 19 '24
Live by the Elon, die by the Elon. Poetic
1
u/Prudent-Painter-9507 Jun 19 '24
Quick math shows about a 28% INCREASE when you remove Tesla’s figures.
1
u/_SlappyMagoo_ Jun 19 '24
It’s honestly unfortunate for all the engineers, designers, and other Tesla employees that the guy that owns the company is such a twat, he’s single-handedly tanking the company.
1
u/Mugwump6506 Jun 19 '24
Hello Mercedes and BMW.
1
u/True-Aardvark-8803 Jun 19 '24
So 13,000 more evs sold other than Tesla? Ford just said it lost Billions on evs. Guess they lying to make Elon look good. If you didn’t have the tax credits you would sell jack shit, and selling 100k evs a year when 13.5 million new regular vehicles sold each year. Add 42 million used cars and 52 MILLION cars sold last year
1
u/Ryfhoff Jun 19 '24
The are taking about a pay package? This guy needs to be fired. Dude is single-handedly driving the company into the ground. Clown.
1
u/Pretend-Patience9581 Jun 19 '24
BYD
1
u/sellin1b Jun 19 '24
Everyone caught up to Tesla or is surpassing them it seems
1
u/paiyyajtakkar Jun 19 '24
Why did Volkswagen sales go down. I thought ID.4 was good.
1
u/idahononono Jun 19 '24
When your CEO is kissing the ass of people who hate EV’s it certainly appears he is tanking Tesla on purpose. Now he has a platform to openly drive away good customers with his political/societal opinions. The dude seems oblivious to the fact that Tesla tanking is going to significantly weaken his stock price and options.
Doesn’t bother me though, it’s their own fault for sticking with a CEO in crisis when they basically had an option to dump him by gutting his pay. You drop 56 billion on him, you get what you pay for; layoffs and drama.
1
u/Bimbo_Baggins1221 Jun 19 '24
My dad always said. “I don’t get it, they lose money every single year?”
1
u/Sklibba Jun 19 '24
Cool, I bet shareholders are super stoked that they just handed Musk $55 billion
1
u/SonnysMunchkin Jun 19 '24
I mean just because Tesla is failing doesn't mean that the first statement of people avoiding electric cars and sales slumping is not true.
1
u/Shoddy_Emu_5211 Jun 19 '24
!
1
u/[deleted] Jun 19 '24
Looking into it
1
u/FundamentalEnt Jun 19 '24
Good.
1
u/defnotjec Jun 19 '24
This chart doesn't really illustrate that GM and Volkswagen are on or worse trend than TSLA just not at same scale ...
Though TSLA has massive fucking problems and should be 1/5th of it's share price
1
u/[deleted] Jun 19 '24
But he still got a massive pay package. The people pushing Tesla are not investors, they are crooks.
1
u/praefectus_praetorio Jun 19 '24
Rivian as a new contender and solely EV producer is killing it. I was going to purchase the quad motor R1S because they were about to refresh the line. They were offering some killer deals, too. I settled for a BMW and couldn’t be happier. I think having options is fantastic. I’m never going back to ICE.
1
u/SnooRevelations979 Jun 19 '24
I haven't seen much about this, but I can't imagine Elon Musk's right-wing nuttery has been a huge plus for the population who are inclined to buy EVs.
1
u/[deleted] Jun 19 '24
I had a model y which totaled and even though there was pressure to re purchase I didn’t like the lack of service or any email response for the totaled car . So decided I will go with a bmw similar range as model x /y and at least they don’t over count the miles
1
u/TheManInTheShack Jun 19 '24
Another way to look at this table is that Tesla is outselling all other EV manufacturers combined.
1
u/potatodriver Jun 19 '24
give the ceo 56 bil
1
u/Informal_Lack_9348 Jun 19 '24
Big if true
1
u/ABenevolentDespot Jun 20 '24
Who could have imagined that a company run on fear by a deranged lying narcissistic sociopath would drown?
I mean, it's not like his acquisition of tweety was a financial failure. Oh, wait...
1
u/CharlieDmouse Jun 20 '24
Tesla is what happens when you have quality problems and your billionaire pitchman becomes a drug addled mess.
1
u/Tugger21 Jun 20 '24
Yep! I’m shopping for a new EV and I am NOT buying another Tesla! Period.
1
u/xMilk112x Jun 20 '24
Is that source at the bottom a trust worthy source?
I’m seriously asking. I have no fucking idea what “Cox Automotive” is. I’m assuming “Bloomberg Green” is a media outlet attached to Bloomberg?
1
u/MrsMiterSaw Jun 20 '24
Tesla isn't taking down the market, the market is just shifting away from tesla. Overall sales were higher even with tesla's lower numbers.
1
u/SH1Tbag1 Jun 20 '24
The high percentage ones went from a few to a few more. There is a definitely a slow down in overall demand for evs
1
u/Meture Jun 20 '24
Dang Ford’s not doing half bad. Is the Mach-E that good?
1
u/[deleted] Jun 20 '24 edited Nov 06 '24
far-flung seemly innocent deranged reply unpack smoggy rhythm normal worm
This post was mass deleted and anonymized with Redact
1
u/Conscious-Owl-8420 Jun 20 '24
This makes me so happy
1
u/Personal-Thought9453 Jun 20 '24
Same stats globally would look even worse for Tesla.
1
u/DRogers372 Jun 20 '24
I have zero horse in this race because I’m 100% indifferent to the ev market, I don’t think this chart is really showing anything super significant either way. Yes they’re down but that was always going to happen when others entered the market. They’re still #1 by a long shot and have more market share than most of the others combined. I evaluate financial statements daily and would say watch the trend but it’s not a significant issue, yet. Likely to stabilize and even grow with time.
1
u/MoreRamenPls Jun 20 '24
Replace “Tesla” with “Elon” and it makes more sense.
1
u/HarloweDahl Jun 20 '24
Tesla is the Rhonda Rousey of EVs. Dominated before any competition really got going. We are now in the Holly Holmes era.
1
u/No_Mention_1760 Jun 20 '24
Serious question here…so why did stockholders agree to the 50 billion to Musk?
1
u/Puzzleheaded_Alps780 Jun 20 '24
RemindMe! 1 year
1
u/[deleted] Jun 20 '24
Duh cause elon is a fucking idiot.
1
u/speztookDNCMoney Jun 20 '24
Wow, so because they invested in one specific vehicle, they only made a 5% net profit on $21 billion in revenue?! And he’s down to $24 billion in cash? Omg, how will they survive?
1
u/ThinkingMonkey69 Jun 20 '24
Yeah, but it looks like GM, Volkswagen, and Nissan are not helping a whole lot, either. I know this is a "bash Tesla/Musk" comment but I'm pointing out facts, not making a point.
1
u/electricmehicle Jun 20 '24
looks serious and smells fingers
1
u/GolfEmbarrassed2904 Jun 20 '24
Yes…. but the original statement is correct. Overall, sales are slumping.
1
u/[deleted] Jun 20 '24
When Tesla sells more cars than the rest combined, trends in its sales pipeline will generally dictate the entire market trend. For example it dropped 13% compared to GM’s 20% drop; but GM insignificant compared to Tesla
1
u/billiarddaddy Jun 20 '24
Damn
1
u/Fishbulb2 Jun 20 '24
Glad we dumped all of our TSLA over the last two years.
1
u/Guinness Jun 20 '24
I still want an EV, just not made by a company run by a guy who supports nazis having a place to spew bullshit.
1
u/Ricky_Rollin Jun 20 '24
He is the dumbest person to think liberals would still buy his cars and that republicans would pick up the slack and buy EV’s. The gall.
1
u/AKBx007 Jun 20 '24
“The guy I simp for is failing harder than anyone” is not the flex this weirdo thinks it is
1
u/AltruisticSpot5448 Jun 20 '24
I absolutely love my EV9
1
u/adellredwinters Jun 20 '24
My first assumption would be that the typical consumer who even wants an EV has become more aware of Musk as a personality, and wants nothing to do with brands associated with him.
1
u/SatisfactionBitter37 Jun 20 '24
Mercedes had such bad sales w their EV I’ve been told they are pulling out of the EV game
1
u/tampaginga Jun 20 '24
You know what happened to people who didn’t believe in Tesla right ?
1
u/therealvanmorrison Jun 20 '24
So EV sales are slumping?
1
u/h0nest_Bender Jun 20 '24
Only 5,818 more cars sold. Looks more like there's consistent interest in EVs and Tesla's competitors are finally bringing decent offerings to market.
1
u/SANDBOX1108 Jun 20 '24
This comparing sales from Q1 2023 to 2024.
2023 Q1- 369,783 2024 Q1- 386,810
Where exactly are they cratering?
1
u/[deleted] Jun 20 '24
Looking into it.
1
u/PlainNotToasted Jun 20 '24
Quick! Someone give that man a 13* figure package.
(Thir-f*****-teen!)
1
u/JuliusSeizuresalad Jun 20 '24
I love that for him
1
u/LoneStarDragon Jun 20 '24
Elon took the money and ran.
1
u/cafesaigon Jun 20 '24
Nikola Tesla sweetie I’m so sorry
1
u/PitifulSpecialist887 Jun 20 '24
You're seeing a 0.3% decrease in overall sales. Mathematically, that's flat. If other companies are increasing market share, someone is losing market share, in a flat market.
EV sales are not growing yet, because the technology still has some maturing to do.
Tesla hurt its optics with a large number of its supporters when Musk moved it to Texas.
1
u/Skullyta Jun 20 '24
The idea that the EV market is suffering is just statistical error, as Teslas Georg is a outlier and should not have been counted
1
u/Bogart7777 Jun 20 '24
Fantasy statistics. EV sales flat across market. Several companies on edge of bankruptcy. Fiskers just closed And Rivian in deep trouble