ICE vehicle sales down over 30% in California since 2016. That’s a huge change. Meanwhile, Tesla slumped back down to 2022 volume level.
When the big 3 go full steam on EVs best sell your Tesla stock fast.
Another anti Musk hit piece.
#1 vehicle
By Model, the top market share leaders changed. The Tesla Model Y remained by far the #1 bestselling vehicle in the state, even as sales dipped a little year-over-year. But sales of the Model 3 plunged by 35%, knocking the model down into #4 position, from #2 last year.
Sales of the Toyota RAV4 and Camry both rose, and both moved up one notch, surpassing the Model 3. Sales of the Honda Civic and CR-V both rose, and they remained in #5 and #6 position respectively.
People are not so keen on buying EV’s. Rav4 and Camry have been around for decades. Most auto makers have reduced their EV’s production. In fact these same auto makers are losing $B’s ask Ford about it.
Despite all of the above Model Y is still #1.
What about that compadres?
Now wait when Tesla comes out with the Model II.
His latest remarks came in response to an investor asking: “When can we expect Tesla to give us the $25,000 non-robotaxi regular car model?”
Musk responded: “We’re not making a non-robo…,” before he was interrupted by another Tesla executive. Musk later added: “Basically, I think having a regular $25K model is pointless. It would be silly.”
Does that statement give you the confidence it will be out this year?
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Musk has been an advertising master. One of the reasons for Tesla’s success is their advertising campaign.
With Musk expect the unexpected.
This will be an interesting year to Tesla. Sales were down in 2024 and slumping big time in many places.
How much of the current stock price is based on rosy sales predictions that aren’t even close to being matched?
“I’d love to report on all the Tesla factories being built to produce 4–5 million cars,” but I cannot since that is no longer happening as it was supposed to by around this time — since Tesla has not been achieving its previously announced target of growing by 50% a year.”
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Fixed it for you.
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Tesla stock could be affected by dislike for Musk. I know I wouldn’t buy any shares for just that reason.
Goes the other way though which may be propping it up like DJT stock.
Early car sales data for January is starting to arrive from countries across the pond, and they paint an alarming picture for Tesla. Sales are crashing in France, Germany, and the UK—all affluent countries that are key markets for Tesla’s electric vehicles. Coming on the heels of a large financial miss, it’s just one more problem for the automaker.
Tesla sales dropped around 13 percent across Europe in 2024, but so far this year, the scale of the problem is far greater. In France, sales of new Teslas fell by 63 percent, while total car sales in the country fell by just 6 percent, with EV sales dropping just half a percent.
Yea, Musk himself is affecting sales. The board should fire him.
BYD is selling a $10,000 EV in China that gets 190 miles to a charge. Given the huge tariffs (100%) that won’t go on the market in the US but I think EU only tariffs it less than 20%.
Stuff like that is going to kill Tesla international sales. Interesting graph from the article below on US buyers interest and where Tesla is…
Fear not.
A complete paradigm shift is happening.
Don’t plug in, get ready to drop out.
Stock closed at $479 on December 16; currently at $368. $110 drop in less than 60 days.
The Tesla board is unlikely to act anytime soon IMHO. Stock would probably need to
fall another $200/share.
Back on Aug 2 2024 board approved his 46 billion pay package when shares were
at around $200 each.
Are we hoping for the Tesla stock price to drop? If so why?
I’m not. I’m just passing on what I see. I’d prefer they keep innovating and leading but I’m just not sure that’s happening anymore with them.
Honestly, I didn’t see anything really new in the article. $350 million raised to search for it is good…but seems like a paltry amount in overall scheme of things for exploration.
Hydrogen. That is the future. Not plugging into a grid powered by fossil fuels.
World wide it is happening on a huge scale. If you want to plug into a fossil fuel grid and over pay to Elon Musk…have at it.
But hydrogen is the future.
I hate to see a lot of the little guys get hurt
in a Tesla drop. OTOH, Musk’s antics are bit bad for US imho, and the only way he gets diminished is if his wealth evaporates.
EVs are like socialism, destined to the ash heap of history.
They were green status symbols. Now that symbolism screams “I stand with Elon”. Good luck with that.
A bad product was being bolstered by feelings of green solidarity.