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IMO Tesla reached "maturity" with two issues: - It was so incredibly overvalued before being mature, that once it actually started to deliver on some promises
by aylmao 4y ago
IMO Tesla reached "maturity" with two issues:
- It was so incredibly overvalued before being mature, that once it actually started to deliver on some promises its price shot up even further from where it should be.
- It reached "maturity" too late. Other car makers have caught up. Consumers can buy a Ford F-150 Lightning, an Rivian R1T or a GMC Hummer EV today, but not a Cybertruck. Kia, Nissan, Mini, Porsche, Audi, etc have great EV offerings. Tesla isn't even the biggest seller of electric cars in the world anymore (it's BYD, 354k sales vs Tesla's 254k)[1]
[1] https://www.counterpointresearch.com/global-ev-sales-61-q2-2022-byd-leads-market/ https://www.counterpointresearch.com/global-ev-sales-61-q2-2...
- eecc 4y agoAlso Rivian tanked 50% last two months.
- MrMan 4y agoRivian makes cool looking things but will probably go out of business.
- dukodk 4y agoIf you look into the numbers almost 50% of BYD is PHEV, the BYD Song, their top-seller, is a PHEV. https://www.ev-volumes.com/ https://www.ev-volumes.com/ The most important part in the EV transition is still who can buy/produce the most batteries.