But even as sales for EVs are reaching record highs, Tesla’s control over the market is starting to seriously wane, slipping below 50 percent in the second quarter of this year, the New York Times reports. Tesla represented 49.7 percent of EV sales over that period, down from 59.3 percent in Q2 of last year.
So EV market has grown, but overall sales of Tesla have declined in both Q1 and Q2 this year compared to Q1 and Q2 respectively of 2023. I feel like “collapsing” is hyperbole though, but that’s what the article says. (And clickbait attracts more clicks right?)
Didn’t they also drop prices by quite a bit? So they’re selling less and making less profit per sale.
Yeah, we will know the damage to the margins in a few weeks. But the only Q2 numbers reported so far are just the deliveries.
Its a short couple of weeks, no point speculating (even though we all know the prices dropped). Just wait for the real data.