8% drop in car sales isn’t great but I think the article is overselling the idea that the company is straight up dying. (Sadly) Most people just don’t make a connection between how they spend their money and the politics of the people they prop up.
Tesla is definitely dying unless they can turn this around quickly.
Surplus capacity is expensive, and I bet they are already operating at a loss. And turning around a bad reputation is hard.
Their models are dated, the cheap Tesla is cancelled, the Cybertruck is a catastrophic fiasco, and the model Y has already lost a lot of popularity, so even a new mode already said to be mostly a facelift, is unlikely to make a huge difference.
The drop in sales in January in EU is 50%, and they are losing market share in China and USA too. So I think the actual drop is higher now than 8%.
Note that for Nissan a 5% drop last year was called catastrophic!! And their survival is also questioned, and they are way bigger than Tesla.
8% drop in car sales isn’t great but I think the article is overselling the idea that the company is straight up dying. (Sadly) Most people just don’t make a connection between how they spend their money and the politics of the people they prop up.
It’s close to 50% drop in Europe. The EU has 500 million people. They may not know it yet but Tesla is on hospice care.
Tesla is definitely dying unless they can turn this around quickly.
Surplus capacity is expensive, and I bet they are already operating at a loss. And turning around a bad reputation is hard.
Their models are dated, the cheap Tesla is cancelled, the Cybertruck is a catastrophic fiasco, and the model Y has already lost a lot of popularity, so even a new mode already said to be mostly a facelift, is unlikely to make a huge difference.
The drop in sales in January in EU is 50%, and they are losing market share in China and USA too. So I think the actual drop is higher now than 8%.
Note that for Nissan a 5% drop last year was called catastrophic!! And their survival is also questioned, and they are way bigger than Tesla.
To your list add that new Tesla sales are also competing against an increasing number of Tesla owners who now want to divest themselves of the brand.
More used Teslas on the market will only push down the market rates and thus profits of new Teslas even further.
They’re definitely dying in Europe. The YoY sale numbers are horrific.