“While some other automakers see rising EV sales in the U.S.—just look at General Motors or Kia—Tesla is on track for yet another down quarter. Cox forecasts that Tesla’s U.S. sales will decline 7% on a quarter-over-quarter basis, and 7.3% year-to-date. The firm pegs Tesla’s Q3 sales at 152,829, down from last quarter’s 164,264. Tesla’s sales dropped on a year-over-year basis in Q1 and Q2 as well.”
If they’re positive growth overall then it has to be because of international sales. I can’t find good statistics on that right now though.
This makes me think it’s worth it to short Tesla. Elon has only gone full Maga in the past few months so I don’t expect sales to improve anytime soon in the US. Politics isn’t the only thing that is dragging sales down, but shit, it’s not like republicans are the ones buying EVs.
They’re doing kind of OK. After the huge growth in recent years, that’s certainly disappointing. And while there are other factors, like increased competition and a general cooldown, Musk’s assholery very likely is also a factor.
He’s not wrong though. Last I read Tesla is doing pretty well.
Tesla sales are down.
“While some other automakers see rising EV sales in the U.S.—just look at General Motors or Kia—Tesla is on track for yet another down quarter. Cox forecasts that Tesla’s U.S. sales will decline 7% on a quarter-over-quarter basis, and 7.3% year-to-date. The firm pegs Tesla’s Q3 sales at 152,829, down from last quarter’s 164,264. Tesla’s sales dropped on a year-over-year basis in Q1 and Q2 as well.”
https://insideevs.com/news/735231/ev-sales-q3-2024-tesla/
I just read that Elon Musk said sales are at an all time high
Tesla sales are down 27% in the US in 2024 compared to same period in 2023 according to numbers here: https://www.goodcarbadcar.net/tesla-us-sales-figures/
If they’re positive growth overall then it has to be because of international sales. I can’t find good statistics on that right now though.
This makes me think it’s worth it to short Tesla. Elon has only gone full Maga in the past few months so I don’t expect sales to improve anytime soon in the US. Politics isn’t the only thing that is dragging sales down, but shit, it’s not like republicans are the ones buying EVs.
They’re doing kind of OK. After the huge growth in recent years, that’s certainly disappointing. And while there are other factors, like increased competition and a general cooldown, Musk’s assholery very likely is also a factor.