this post was submitted on 10 Jul 2024
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RealTesla
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They lost 17% of their market share in a year, while also having 2 quarters way below expectations. That's not insignificant.
The title is still sensationalist.
It makes kind of sense if you take the massively overvalued stock price into account, though.
but thats not because they are selling less just they are not the only game in town anymore.
Tesla is selling less. Q1 and Q2 are both less than last year. The numbers have already been released.
Tesla sold fewer cars AND the market has grown, there's more EVs being sold than ever before while Tesla sales are declining. Its a double-whammy on market-share.
Didn't they also drop prices by quite a bit? So they're selling less and making less profit per sale.
Yeah, we will know the damage to the margins in a few weeks. But the only Q2 numbers reported so far are just the deliveries.
Its a short couple of weeks, no point speculating (even though we all know the prices dropped). Just wait for the real data.