Tesla Vehicles Megathread

Hamartia Antidote · Feb 18, 2024

Developereo · Feb 18, 2024

Hamartia Antidote said:
Tesla tries to lower the price by making their manufacturing more efficient. That's why it is selling more and more cars every year.

Some people have a different view.

Elon Musk started a price war that Tesla can't win

Tesla has spent the past year slashing its prices to try and drive away the competition. That's a losing strategy.

www.businessinsider.com

Lower prices are not translating into higher sales. The number of cars Tesla delivered to customers in the third quarter actually declined. Revenue is dropping, and the company's once fat profit margins are getting squeezed — down to 17.9% in the third quarter, compared with 25.1% a year ago. Competitors aren't being driven out of business, either. Once totally dominant in the EV space, Tesla's share of the US market has fallen from 62% at the beginning of the year to only 50% today.

Unfortunately, cost cuts can't be spoken into existence, not even by Musk. In the third quarter, Tesla's capital expenditures actually ballooned to their highest level in a year — $2.4 billion, up from $1.8 billion a year ago. If prices are going down, and costs are going up, even the most fervent of Musk's Wall Street believers will tell you that margins don't have a prayer.

It could be that some of the increased capital expenditure is going into R&D, marketing or other expenses, so I agree that the picture would be a lot more complicated than a simple balance sheet.

Hamartia Antidote · Feb 18, 2024

Developereo said:
Some people have a different view.

Lower prices are not translating into higher sales. The number of cars Tesla delivered to customers in the third quarter actually declined.

This is simply not true when looking at the big picture:

2021 and 2022

Tesla Sales Figures – U.S Market

Automotive Sales Data and Statistics

www.goodcarbadcar.net

Tesla is the best-selling electric vehicle manufacturer in the United States. In 2022, Tesla sold a total of 354,822 vehicles in the US, up from 234,000 vehicles in 2021. This represents a growth of 53%

2023

Tesla dominated US EV registrations in 2023, but Rivian and Hyundai are catching on

New EV registrations in the US were up 23% in December as adoption continues to grow. Although Tesla’s 11% growth...

electrek.co

Rank Model 2023 US EV registrations % of market
1 Tesla 642,496 56.2%

Anybody who lives in the US can easily tell you by looking on the streets that Tesla sales in the US are going insane..,and remember Tesla's are relatively small compact cars in a land of huge SUVs

2021: 234,000
2022: 354,822
2023: 642,496

tesla-model-y-2021-suv-vs-ford-f150-2017-4-door-pickup-supercrew-5.5-raptor.jpg

Hamartia Antidote · Feb 18, 2024

As shown above Teslas are small cars that go very fast and sell amazingly well in a market dominated by large vehicles.

All they have to do is make a full-sized SUV for the US market and they will takeover.