Tesla Sales Soaring, Competition Failing
#1
Pole Position
Thread Starter
Tesla Sales Soaring, Competition Failing
Summary
Tesla reaches No. 4 best selling passenger car in the US and should pass Toyota Camry in Q4 to become the No. 1 selling passenger car in the US.Tesla has ~90% of the US EV market space.
Tesla deliveries in Q3 are double the deliveries in Q2.
Tesla sales are projected to grow from $4B last quarter to $6.78B this quarter. Net profit in Q3 is likely.
Legacy auto companies may suffer an unexpectedly rapid collapse in sales. This collapse may already be underway.
I was pretty shocked by this graph, didn't realize they were able to ship so many Model 3's in September. (Just noticed it said estimate, but even if we give a 10% variance, its still pretty shocking)
#2
Lexus Fanatic
iTrader: (20)
of course a ton of that volume is just filling years of back orders and the musk hype train.
let's see how it's doing in 6 months. but still impressive.
let's see how it's doing in 6 months. but still impressive.
#3
Whats there not to like about the model 3? Fairly cheap, looks great, and is an EV. Hopefully this will get all the other manufacturers to churn out a great looking full EV.
Last edited by theory816; 10-16-18 at 12:05 PM.
#4
If Model 3 sales continue like this, then TMC better get their BEV out quickly.
Despite using electric turbos in F1 racing, and Benz's in-line six, no wonder few manufacturers are focusing on electric turbos.
TMC is right to not focus much on plug-in hybrids either.
Hydrogen fuel cell powered electric has almost come to a halt, and will play second fiddle for those who travel long distances.
Full battery powered electric is just around the corner.
Charging is slow, while high speed charging causes more rapid battery degradation, however for most motorists, most trips are short, and more frequent daily top up charging is used as opposed to traditional fill ups once a week.
Despite using electric turbos in F1 racing, and Benz's in-line six, no wonder few manufacturers are focusing on electric turbos.
TMC is right to not focus much on plug-in hybrids either.
Hydrogen fuel cell powered electric has almost come to a halt, and will play second fiddle for those who travel long distances.
Full battery powered electric is just around the corner.
Charging is slow, while high speed charging causes more rapid battery degradation, however for most motorists, most trips are short, and more frequent daily top up charging is used as opposed to traditional fill ups once a week.
#5
Honestly I'm disgusted Toyota hasn't offered some competition to fight the model 3. I want an EV, but not a Tesla. Why did Chevy make the bolt the ugliest car of the world? You hear that Chevy? "Your the reason this is happening!!!!"
#7
The Model 3 Is ugly and the interior is past the level of boring however you can't beat the price that's being offered for it. It's not a car for me but I understand why people want it.
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#8
Lexus Fanatic
Looks great? I don't see how can anyone say that hideous ugly car looks even okay, it is ugly inside and out. It is not fairly cheap, it is actually pretty expensive for what you get, nobody is getting them for 35K. EV is mark against it in my opinion. I think this is mostly filling back orders and the new trendy car for a bunch of California buyers. I doubt it will retain anywhere near these sales, especially with all the issues it has been having.
#9
Link to the main article: https://seekingalpha.com/article/4211882-tesla-sales-soaring-competition-failing
I was pretty shocked by this graph, didn't realize they were able to ship so many Model 3's in September. (Just noticed it said estimate, but even if we give a 10% variance, its still pretty shocking)
I was pretty shocked by this graph, didn't realize they were able to ship so many Model 3's in September. (Just noticed it said estimate, but even if we give a 10% variance, its still pretty shocking)
I mean it is super stupid to write how Model 3 is killing Corolla or Accord....
Legacy auto companies may suffer an unexpectedly rapid collapse in sales. This collapse may already be underway.
#10
Looks great? I don't see how can anyone say that hideous ugly car looks even okay, it is ugly inside and out. It is not fairly cheap, it is actually pretty expensive for what you get, nobody is getting them for 35K. EV is mark against it in my opinion. I think this is mostly filling back orders and the new trendy car for a bunch of California buyers. I doubt it will retain anywhere near these sales, especially with all the issues it has been having.
#11
https://finance.yahoo.com/news/cant-...161318245.html
Answer #1: Franchise laws
Answer #2: Protectionism
No wonder Tesla had to come up with some creative sales methods and global deployment of supercharger stations over the past 5+ years. Tesla defined a sexy looking car unlike the Volt (which failed on its first beauty contest, and it was too late for any sexy appeal the 2nd time around (2016 later)).
Buyers were there for the Volt but Chevy was not ready to produce any significant volume. Only Tesla had the ambition to do what was necessary with little or no help (gigafactory, supercharger network, scaled up manufacturing to meet demand that was not conceivable a year ago).
A backlog of more than 250,000+ cars is a great problem and buyers were patient for it.
When was the last time a 'new' car had that kind of reception? Tesla totally disrupts the normal "build to dealership lot and let dealers take over sales" model. Is this the new way of car buying? (build a backlog of orders, when certain milestones are met -- the car is in production). To put it into perspective with regard to Lexus GS350 -- the 3rd generation and 4th generation mfg cycle is about 125k cars over 7-8 years each generation. That's 14-15 freaking years of build and find buyers sales. Car buyers want hot and sexy now and Tesla is delivering a new car experience from purchase to ownership around the franchise laws and protectionism difficulties in place.
#12
When was the last time a 'new' car had that kind of reception? Tesla totally disrupts the normal "build to dealership lot and let dealers take over sales" model. Is this the new way of car buying? (build a backlog of orders, when certain milestones are met -- the car is in production). To put it into perspective with regard to Lexus GS350 -- the 3rd generation and 4th generation mfg cycle is about 125k cars over 7-8 years each generation. That's 14-15 freaking years of build and find buyers sales. Car buyers want hot and sexy now and Tesla is delivering a new car experience from purchase to ownership around the franchise laws and protectionism difficulties in place.
Heck lets throw building your own car transport trucks since you can deliver 20k cars per month in the USA without problems, and lets also blame it on someone else.
#13
Lexus Champion
I share the sentiment of others very disappointed Toyota doesn't have a BEV.
Short sighted thinking.
#14
Pole Position
Thread Starter
Totally agree, it seems the author has something to gain if Tesla stock goes up. Nothing in the article supports the assertion that ICE manufactures will go out of business or fail because of the success of the Model 3.
#15
Lead Lap
Looks great? I don't see how can anyone say that hideous ugly car looks even okay, it is ugly inside and out. It is not fairly cheap, it is actually pretty expensive for what you get, nobody is getting them for 35K. EV is mark against it in my opinion. I think this is mostly filling back orders and the new trendy car for a bunch of California buyers. I doubt it will retain anywhere near these sales, especially with all the issues it has been having.