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True, but Tesla have sold over 1.7 million cars total, with yearly sales rising by about 50% per year
by mavhc 5y ago
True, but Tesla have sold over 1.7 million cars total, with yearly sales rising by about 50% per year
- gamblor956 5y agoIt's much easier for a tiny competitor to scale by double digits, especially when said competitor only sells cars in a few countries. For GM to increase car sales by double digits would likely require the sudden disappearance of one of its major competitors like Toyota creating a huge void in the global market. For example: the Toyota Mirai, a very niche hydrogen car, saw 1000% YoY sales gains. The Chevy Bolt EV saw a 335% YoY increase in sales. Also, note that GM sold 50% more cars in the U.S. this past quarter alone as Tesla sold all of last year worldwide. Toyota edged GM by fewer than a 1000 cars in the U.S. Each of them has sold almost as many cars this year as Tesla has ever sold.
- maxdo 5y agoYep, but the only difference is that tesla in those few markets start outselling other brands in certain categories and their annual volumes will count in millions next year. You can easy compare them to BMW or Audi. next year they will be companies with comparable volume. Somehow I don't see BMW or Audi growing that fast.
- gamblor956 5y agoTesla's annual car sales is anticipated to exceed 1 million (but not 2 million), so technically yes, they would be in the "millions." I also don't see BMW or Audi growing very fast; they're luxury brands and scale would actually harm their image. However, I do see GM, Ford, and VW scaling very quickly once they launch new EV models. Ford's F150 Lightning will handily outsell the Cybertruck once it's available. (And the F-series itself is the best-selling vehicle of all time in the U.S. [Edit: and second-best all-time worldwide, after the Corolla series].)
- mavhc 5y agoOnly if they can buy enough batteries
- mavhc 5y agoYet Tesla is planning to make 100x the batteries of these larger companies.
- deleted 5y ago[deleted]
- paulmendoza 5y agoTesla is moving into heavy battery manufacturing. If there isn’t car demand they can put those batteries into power walls and utility power packs or Semis. GM is just focused on cars. Tesla is targeting 200GWh+ of batteries in 2022 just from suppliers + their own 4680 production. But not all will go into cars.
- gamblor956 5y agoGM is targeting 750GWh+ of batteries by the end of 2023. Just from their own domestic battery factories.
- mavhc 5y ago'the long-term plan of a total Tesla battery output of 100 GWh by 2022 and 3 TWh by 2030 – that’s “supplemental to what we buy from our usual suppliers,”' Where did your 750 GWh number come from?