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The world’s best selling vehicle means nothing? Extremely safe vehicles mean nothing? I get that it’s way over hyped, but they have real results that can’t be

The world’s best selling vehicle means nothing? Extremely safe vehicles mean nothing? I get that it’s way over hyped, but they have real results that can’t be denied

fabian2k 1y ago
That would justify a valuation in the same range as other car companies. Not the valuation Tesla has right now.
tzs 1y ago
The best selling model counts for something, but even with that Tesla just isn't a big car company when compared to the other major car companies. They have the best selling vehicle by a little under 1%, with the Tesla Model Y just edging out the Toyota Corolla. But Toyota also has the 3rd best selling model (RAV4) that is about 7% behind the Model Y. And they have a third model in the top 10, the Camry, at a little over half the Model Y sales. Just those 3 Toyota models combined sell about 30% more than all Tesla models combined. Across all models Toyota sells 6 times as many cars as Tesla. By number of cars sold per year Tesla is the 15th biggest car maker. The list is Toyota, Volkswagen, Hyundai-Kia, GM, Stellantis, Ford, BYD, Honda, Nissan, Suzuki, BMW, Mercedes-Benz, Renault, Geely, and then Tesla. If we go by revenue from sales rather than units sold it is 12th. The list is: Toyota, Volkswagen, Hyundai-Kia, Stallantis, GM, Ford, Mercedes-Benz, BMW, Honda, BYD, SAIC Motor, and then Tesla. Yet Tesla has something like 6 times the market cap of Toyota and around 30 times the market caps of VW and Honda. That's pretty much all hype.
- testing22321 1y ago
  So a thing has to be among the “world’s biggest” to be of note? Of course not. They don’t make as many vehicles or have the revenue of other auto manufacturers, but who cares. What they do, they do very, very well. They lead to mass market EV adoption. Even if they crumble tomorrow their contribution is immense. Who cares about market cap, it’s all just gambling.

The world’s best selling vehicle means nothing? Extremely safe vehicles mean nothing? I get that it’s way over hyped, but they have real results that can’t be denied

fabian2k 1y ago

That would justify a valuation in the same range as other car companies. Not the valuation Tesla has right now.

tzs 1y ago

The best selling model counts for something, but even with that Tesla just isn't a big car company when compared to the other major car companies. They have the best selling vehicle by a little under 1%, with the Tesla Model Y just edging out the Toyota Corolla. But Toyota also has the 3rd best selling model (RAV4) that is about 7% behind the Model Y. And they have a third model in the top 10, the Camry, at a little over half the Model Y sales. Just those 3 Toyota models combined sell about 30% more than all Tesla models combined. Across all models Toyota sells 6 times as many cars as Tesla. By number of cars sold per year Tesla is the 15th biggest car maker. The list is Toyota, Volkswagen, Hyundai-Kia, GM, Stellantis, Ford, BYD, Honda, Nissan, Suzuki, BMW, Mercedes-Benz, Renault, Geely, and then Tesla. If we go by revenue from sales rather than units sold it is 12th. The list is: Toyota, Volkswagen, Hyundai-Kia, Stallantis, GM, Ford, Mercedes-Benz, BMW, Honda, BYD, SAIC Motor, and then Tesla. Yet Tesla has something like 6 times the market cap of Toyota and around 30 times the market caps of VW and Honda. That's pretty much all hype.

testing22321 1y ago
So a thing has to be among the “world’s biggest” to be of note? Of course not. They don’t make as many vehicles or have the revenue of other auto manufacturers, but who cares. What they do, they do very, very well. They lead to mass market EV adoption. Even if they crumble tomorrow their contribution is immense. Who cares about market cap, it’s all just gambling.