this post was submitted on 24 Apr 2024
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Tesla

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Tesla profits drop 55%, company says EV sales 'under pressure' from hybrids (techcrunch.com)
submitted 4 months ago by BrikoX to c/teslamotors
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Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.

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[–] [email protected] 2 points 4 months ago* (last edited 4 months ago)

I'm really confused by the data you're providing as evidence, as it seems to say the opposite of what you are trying to prove.

Year on year increase for both EV and PHEV with both a bigger market share and bigger slice for EV is what I see there. PHEV has been around 20% of the total (with some fluctuations) since the pre-pandemic boom.