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Scary headlines are misleading. Being first meant that Tesla captured nearly 100% of EV sales. Now that there are reasonable competitors in the mix, it's only n

Scary headlines are misleading. Being first meant that Tesla captured nearly 100% of EV sales. Now that there are reasonable competitors in the mix, it's only natural that its sales volumes will regress to the mean over time.

MisterBastahrd 2y ago
That's of little consolation to the people who bought Tesla stock when it was far more overvalued than the still grossly overvalued price that it has today. The quality of their products is bad. The quality of their leadership is even worse. People have taken notice and are voting with their wallets. Even if I could buy a Tesla for $19K and it did 800 miles per charge, I wouldn't, because the control system alone is beyond terrible.
- ripjaygn 2y ago
  > That's of little consolation to the people who bought Tesla stock when it was far more overvalued than the still grossly overvalued price that it has today. You make it sound like HN is a forum for Tesla shareholders. Or Tesla short sellers. If you think Tesla is overvalued then short it instead of adding contentless noise and rants.
  - MisterBastahrd 2y ago
    And here, gentle readers, we have a poster with a long history of astroturfing for Tesla.
    - ripjaygn 2y ago
      Tesla doesn't even have a PR department, you think they're going to pay astroturfers? The oil lobby on the other hand...
- insane_dreamer 2y ago
  my comment has nothing to do with Tesla's overinflated stock price I don't like Tesla's leadership (Elon) but I disagree that the product is bad; everyone I know who owns one (including myself), is happy with it, and it's still far more popular than other EVs. Not my favorite EV, but they got a lot of things right.
_dark_matter_ 2y ago
What are you talking about? Tesla was not even in the top 5 by model in October 2022. https://alternative-fuels-observatory.ec.europa.eu/general-information/news/europe-electric-car-sales-report-136-new-cars-fully-electric https://alternative-fuels-observatory.ec.europa.eu/general-i...
- freshpots 2y ago
  Turning the question around, what are you talking about? Firstly, why did you choose an article from 1.5 years ago? Secondly, if you scroll down, Tesla is #1 and #2 from January to October 2022. Chances are they were not delivering many vehicles in October 2022 due to the nature of the import cycle at the time, hence the numbers in the month of October-only were low.
  - _dark_matter_ 2y ago
    The claim was 100% was Tesla up until recently. Clearly that is ridiculous
blackoil 2y ago
Not if the overall market was growing. Problem is when you are losing market share and overall market is stagnating. I see nothing scary in headline, it is a pretty straight fact.
tedivm 2y ago
The market value (stock price) assumes a lot more growth, so the idea that volumes are dropping is pretty bad if your wealth is based on that stock price. Markets also aren't zero sum- if the overall volume of EVs keeps rising then competitors entering the market don't necessarily mean your volume drops, as they could be taking a slice of the increase in overall sales.
hirako2000 2y ago
When Tesla shows triple digit growth in a market that didn't exist, that's genius. When competitors effectively start to eat up its lunch that's misleading, not newsworthy. I also find the headline and tone very catchy, perhaps biased. But this company has been so over hyped, even Musk himself recognizes its market valuation is ridiculous and that he would advise holders to sell. EV will continue to grow as a hyper competitive market, as Elon said there is Tesla and 9 other makers, all Chinese, in the top 10. I wish Tesla the best but century old car makers are also in the race and aren't just retarded business aristocrates employing sub-par engineers. Tesla's figures may continue to show poor results, car makers opex are massive, we may not see Tesla deliver any vehicle ever again by 2025 end. Not a wish, but those figures are a disaster for a company that should rather see healthy spikes in the expanding European EV markets.
root_axis 2y ago
Why is it misleading? Your comment offers a possible explanation for the headline, it doesn't contradict it.
vel0city 2y ago
This comment is the misleading one. This article isn't talking about marketshare, its talking about actual number of cars delivered. Registration of new Teslas were down 32% in one month. That's not losing marketshare, that's losing sales entirely.
vishnugupta 2y ago
It is news worthy because TSLA’s current P/E is 45 even after the stock is down 28% YTD. For comparison GM’s PE is 5 and Ford’s is 12. So when the company, whose stock is so expensive compared to others in the industry, and is predicated on taking the world over with their cars, doesn’t grow as expected then yes it is indeed scary.
- brandonagr2 2y ago
  That's not what the stock price is predicated on

MisterBastahrd 2y ago

That's of little consolation to the people who bought Tesla stock when it was far more overvalued than the still grossly overvalued price that it has today. The quality of their products is bad. The quality of their leadership is even worse. People have taken notice and are voting with their wallets. Even if I could buy a Tesla for $19K and it did 800 miles per charge, I wouldn't, because the control system alone is beyond terrible.

ripjaygn 2y ago
> That's of little consolation to the people who bought Tesla stock when it was far more overvalued than the still grossly overvalued price that it has today. You make it sound like HN is a forum for Tesla shareholders. Or Tesla short sellers. If you think Tesla is overvalued then short it instead of adding contentless noise and rants.
- MisterBastahrd 2y ago
  And here, gentle readers, we have a poster with a long history of astroturfing for Tesla.
  - ripjaygn 2y ago
    Tesla doesn't even have a PR department, you think they're going to pay astroturfers? The oil lobby on the other hand...
insane_dreamer 2y ago
my comment has nothing to do with Tesla's overinflated stock price I don't like Tesla's leadership (Elon) but I disagree that the product is bad; everyone I know who owns one (including myself), is happy with it, and it's still far more popular than other EVs. Not my favorite EV, but they got a lot of things right.

_dark_matter_ 2y ago

What are you talking about? Tesla was not even in the top 5 by model in October 2022. https://alternative-fuels-observatory.ec.europa.eu/general-information/news/europe-electric-car-sales-report-136-new-cars-fully-electric https://alternative-fuels-observatory.ec.europa.eu/general-i...

freshpots 2y ago
Turning the question around, what are you talking about? Firstly, why did you choose an article from 1.5 years ago? Secondly, if you scroll down, Tesla is #1 and #2 from January to October 2022. Chances are they were not delivering many vehicles in October 2022 due to the nature of the import cycle at the time, hence the numbers in the month of October-only were low.
- _dark_matter_ 2y ago
  The claim was 100% was Tesla up until recently. Clearly that is ridiculous

blackoil 2y ago

Not if the overall market was growing. Problem is when you are losing market share and overall market is stagnating. I see nothing scary in headline, it is a pretty straight fact.

tedivm 2y ago

The market value (stock price) assumes a lot more growth, so the idea that volumes are dropping is pretty bad if your wealth is based on that stock price. Markets also aren't zero sum- if the overall volume of EVs keeps rising then competitors entering the market don't necessarily mean your volume drops, as they could be taking a slice of the increase in overall sales.

hirako2000 2y ago

When Tesla shows triple digit growth in a market that didn't exist, that's genius. When competitors effectively start to eat up its lunch that's misleading, not newsworthy. I also find the headline and tone very catchy, perhaps biased. But this company has been so over hyped, even Musk himself recognizes its market valuation is ridiculous and that he would advise holders to sell. EV will continue to grow as a hyper competitive market, as Elon said there is Tesla and 9 other makers, all Chinese, in the top 10. I wish Tesla the best but century old car makers are also in the race and aren't just retarded business aristocrates employing sub-par engineers. Tesla's figures may continue to show poor results, car makers opex are massive, we may not see Tesla deliver any vehicle ever again by 2025 end. Not a wish, but those figures are a disaster for a company that should rather see healthy spikes in the expanding European EV markets.

root_axis 2y ago

Why is it misleading? Your comment offers a possible explanation for the headline, it doesn't contradict it.

vel0city 2y ago

This comment is the misleading one. This article isn't talking about marketshare, its talking about actual number of cars delivered. Registration of new Teslas were down 32% in one month. That's not losing marketshare, that's losing sales entirely.

vishnugupta 2y ago

It is news worthy because TSLA’s current P/E is 45 even after the stock is down 28% YTD. For comparison GM’s PE is 5 and Ford’s is 12. So when the company, whose stock is so expensive compared to others in the industry, and is predicated on taking the world over with their cars, doesn’t grow as expected then yes it is indeed scary.

brandonagr2 2y ago
That's not what the stock price is predicated on