Tesla Losing Major Source of Profitability

Discussion in 'The BS Topic' started by The Champ, May 6, 2021.

  1. Bikefixr

    Bikefixr Veteran Member Lifetime Gold Member

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    Hewlett Packard makes printers in order to sell the $$$ ink.
    Gillette makes razors in order to sell the $$$ blades.
    TESLA makes cars in order to sell/trade the $$$ carbon credits.
     
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  2. The Champ

    The Champ Veteran Member

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    Forgot about Opel being purchased by Peugeot...

    Opel has outsold Tesla in Norway this month 35 - 1...
     
  3. The Champ

    The Champ Veteran Member

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    Dan

    You bring up a lot of good points about Tesla being a "disruptor". Tesla has been around longer than most people realize - 18 years now and their market share is shrinking, not growing.

    At one time, they were by far the world leader in EV's. There were 3,250,000 EV's sold in 2020. Tesla sold less than 500,000 of those 3,250,000 cars worldwide. Tesla sold 184,000 cars in Q1 of this year. ASSUMING they can keep or exceed that pace, can they even hold their 15.3% market share?

    Not when the expectations for the EV market are expecting a 75% increase in worldwide sales.

    https://www.ev-volumes.com/dcnews/#:~:text=We are also presenting our,units, a 75 % increase.

    China is the largest market for EV's currently. #2 is Germany. #3 is USA.

    [​IMG]

    Both China and Germany have multiple home grown EV manufacturers that Tesla has to compete with. I'm not even going to try and claim I'm familiar with Chinese automakers, but German and US....

    Tesla has to compete with long established companies like VW, Audi, Porsche, BMW, Mercedes in Germany... All those brands have longtime loyal customers that will certainly look at these home based manufacturers that have a solid reputation.

    Likewise here in the US. The Ford Mustang Mach E is doing well and Ford has a very loyal following. GM has/had the Volt and the Bolt, but the Cadillac Lyriq will go on sale later this year and the GMC Hummer is close to reality too. Buick and Chevrolet will be adding more EV's soon. GM's Ultium battery technology has received a lot of good press lately.

    Yes, Tesla is building a factory in Germany, but it was just announced this week that there is at least another 6 month delay before it can open.

    https://www.marketwatch.com/story/t...actory will be,worldwide, and first in Europe.

    Delays in opening the new Tesla factories (Germany and Texas), coupled with declining emission credit sales while it's competitors are kicking their EV programs into high gear does not bode well. The emission credit gravy train is rapidly disappearing. Losing that gravy train reduces Tesla's ability to expand.

    Tesla needs more volume to make a profit on actual car sales. While Tesla struggles with increasing capacity to make a profit, the legacy manufacturers won't. For instance, GM is looking to hit 1,000,000 EV sales per year by 2025.
     
  4. The Champ

    The Champ Veteran Member

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    Just happened to notice this little tidbit...

    In Norway (once again - the country with the highest percentage of EV's in the world), the new Mustang Mach E (Ford's only plug in model) has outsold all Tesla models combined 163 - 10 since it's introduction there last month.
     
  5. BonzoHansen

    BonzoHansen Administrator Lifetime Gold Member

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    Note: I cleaned out the off topic posts. Carry on....
     
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