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Tesla sales dropped in Australia 17% in 2024. And if you exclude them the overall EV market grew by 32%. It definitely is the combination of Chinese competiti
by threeseed 2y ago
Tesla sales dropped in Australia 17% in 2024.
And if you exclude them the overall EV market grew by 32%.
It definitely is the combination of Chinese competition and Musk's antics.
- 2muchcoffeeman 2y agoI honestly don’t think Tesla sales would have dropped if it was a sound economic decision. But BYD is so much cheaper. If you need a car now, Musk antics just push you over the edge. I get to save a few thousand dollars and not give my money to this lunatic.
- stevage 2y agoAs an Australian in the market for an EV, who used to be very pro-Tesla, I can tell you there is zero chance I'm buying a Tesla. It would have to be by far the cheapest on the market, and even then I'd hate myself.
- senectus1 2y agoI bought a brand new EV in 2024 for 30k. I love it. it gets me to work and back, and the shops for free. So very glad i didnt overshoot and buy a tesla.
- scarab92 2y agoTesla sales only dropping 17% after BYD launched here is surprising. BYD’s launch was aggressive with several new models and significantly cheaper pricing.
- bdangubic 2y agoTesla should celebrate these “wins” - only 17% is amazing feat for a company like Tesla, instead of 100+ forward P/E ratio stock should be at $1,000/share minimum. robotaxis coming in 2087 will help too /s
- scarab92 2y agoAustralia had very few EV models available prior to the BYD launches. A 17% fall in the face of such a large step change increase in competition isn’t too bad.