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They clearly are at no risk of being put out of business by Tesla. All electric car sales are still only a fraction of ICE and given Tesla’s stagnant sales nuns
by hodder 7y ago
They clearly are at no risk of being put out of business by Tesla. All electric car sales are still only a fraction of ICE and given Tesla’s stagnant sales nuns it looks like it will remain that way for a while.
Tech early adopters have bought and most others aren’t interested until the price falls significantly and the reliability becomes something like a civic.
- pmorici 7y agoTesla's sales and sales of EV's in general look like they are in the early days of an exponential growth curve. They have been at around 100% or better YOY sales growth for the past 3 quarters. At that rate it will only take a few years to go from niche to dominating the market. Car sales in general are flat or in slight decline and Tesla is seeing 100% YOY growth. It doesn't take a rocket scientist to see that if that trend continues for a couple more years some of the traditional auto makers are going to go out of business. The real nail in the coffin though will be if Tesla crack full self driving by 2021 which is what they stated they think they will do.