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How did Tesla become the most valuable carmarker in the world making mostly sedans?
by triceratops 2y ago
How did Tesla become the most valuable carmarker in the world making mostly sedans?
- rendang 2y agoThe Model Y is Tesla's best selling car and has been for a while
- triceratops 2y agoTesla combines Model 3 and Model Y sales when they report results, so we don't actually know that. According to estimates*, and my own eyes, more Model 3s are sold than Model Ys. * 2021 is the last year for which Wikipedia has estimates for both vehicles. The Model 3 sold over 1m, the Model Y around 400k. https://en.wikipedia.org/wiki/Tesla_Model_Y#Sales https://en.wikipedia.org/wiki/Tesla_Model_Y#Sales https://en.wikipedia.org/wiki/Tesla_Model_3 https://en.wikipedia.org/wiki/Tesla_Model_3
- rendang 2y agoRight but some countries (incl China) have explicit registration data so these estimates are not a shot in the dark. From Jose Pontes' article where the Wikipedia Y estimates came from, there were 530k 3s sold and 1.2M Ys sold https://cleantechnica.com/2024/02/05/world-ev-sales-report-tesla-model-y-is-the-best-selling-model-in-the-world/ https://cleantechnica.com/2024/02/05/world-ev-sales-report-t...
- rendang 2y agoYour figure for 2021 Model3 Sales is actually 3+Y btw
- katbyte 2y agoConsistently making things up/lying to boost the stock price
- dehrmann 2y agoTesla's sales were mostly in cities (where people still buy sedans), and they were mostly taking away business from foreign manufacturers.
- wkat4242 2y agoThe world is a lot bigger than the US. And valuation is not actual value but more whatever the current overhyped investor thinks it's going to bring in the future.
- jandrewrogers 2y agoTesla primarily sells into coastal cities where the driving conditions and use cases are ideal for an EV sedan. That said, most of the people I know with a Tesla also have an ICE SUV or truck.
- stonogo 2y agoBy being valued as a tech company instead of as an automaker.