Huh, not what I’ve been reading here on reddit lol
Reddit is very very anti Tesla and anti Elon. But the Tesla owners I know barely know Elon owns the company and just love the product itself.
But the Tesla owners I know barely know Elon owns the company…
I’m sure there are some of those. I also think most people, even those who know of Elon, just do not care at all about what he says on X, and don’t listen to the media that spins everything Tesla and Elon does as negatively as possible.
Reddit, by comparison, is obsessed with Elon and insatiably consumes all negative media coverage. As a result, Reddit cannot comprehend why Tesla remains so popular with consumers.
And of course, always forgotten by many people is the fact that some people actually agree (gasp) with Elon’s politics.
oh, Come on, Elon is one of the most widely known own people in the world.
And most don’t know or care about his antics
It’s because there’s no fucking infrastructure outside of Tesla. It’s not a mystery. There’s nowhere to charge an electric vehicle outside of Tesla’s network. I was going to buy an VW ID4 until my Tesla-owning friend turned me into this fact. Once there’s a serious reliable, ubiquitous, and cheap charging network in the US the EV demand will follow. We’re putting the cart before this horse in this country and it drives me insane.
lol, this is an issue like 5-10% of your ownership time IF that.
You just need to ensure you have a home charger.
This is correct. 99% of the time you charge at home but that 1%? That’s enough to turn customers away.
I based my decision on that 1% and it’s been by far the best decision I could’ve madeHow’s that?
Because if you’re left stranded 1% of the time you’ll never go long distance ever again.
I’ve been driving non Tesla for years and I basically never left my cars range area due to very real range anxiety. Now I feel my car is a car again and I can drive wherever I want. That 1% lifted a lot of weight of my shoulders
I’m unsure of what you mean. Do you mean you bought a Tesla and dont feel range anxiety anymore?
Given the range on Tesla’s is mediocre at best, I’m going to assume the super charger network that’s opening up for most if not all vehicles solved your anxiety?
It’s like with an ICE car you never really think about the range of your gas tank. There’s almost no “range anxiety” even on long trips because you just stop at the next gas station, fill up in 2-3 minutes, then just keep going. You don’t worry if any gas station pumps are broken because there are often 10-20 (at big travel centers), or if they are compatible with your car since they are standardized, or if they are the “fast” kind because they are all the fast kind.
But with an EV, you suddenly are acutely aware of how far you can go, and that you have to figure out where you can stop, and if it’s going to be compatible and fast (and not broken). And if you get it wrong, well now your options even narrower than an ICE car. People focus on those edge-cases far more than the day to day “drive to work, drive to the store, drive home” routine.
At least Tesla’s network is getting to the point where it almost feels the same way. So that removes some of the mental burden.
I never worry about range in my Tesla. Driving to Florida and back was actually fun
I charge my car at home the majority of the time and most do. The infrastructure is really only critical when you drive a lot or if you live in an apartment building etc.
I get that at home charging only works for a lot of people but for a sizable number it won’t. I just couldn’t stomach the idea that to drive long distances I would need an entire other ICE car. My single car needs to be able to do anything.
But I think a lot people have a hard time internalizing things like this. “I can’t buy an EV because once a year we drive 800 miles to grandma’s for Thanksgiving, so our only option is a King Ranch F150”
They’re shy because they loose money on every EV they sell. As far as I know Tesla is the only EV maker that makes money on EVs, about $10k per vehicle. Meanwhile, Ford looses about $30k per vehicle. Clearly not sustainable and probably the reason a lot of EV players are getting cold feet. I’ve read that Lucid looses upwards of $400k on every unit they produce. Truly mind blowing.
It is amazing that Tesla still has this high of a market share in the USA. Tesla doesn’t have this much market share in Europe… American (and Japanese) automakers have really dropped the ball with EVs.
Because In Europe we have much cheaper options available. But Tesla’s are incredibly common in Europe , more so than any other brand
What’s next for these headlines, “Tesla remains kind of the California EV market”?
Shy sure spends a lot on factories.
“remains king”… But steadily falling in market share over time, but that doesn’t fit the “Tesla numba one” narrative.
When EVs are the same price as ICE vehicles, have the same range, can recharge in 5 minutes, and the range isn’t drastically reduced by the cold, highway speeds, hauling or towing I will get one. I figure by 2040 this might happen.
I like how you took the time to come to the EV sub and tell us this. Slow day?
You’re not the target demographic. This is what new car buyers want, hence why every brand is investing billions.
When ICE vehicles can refeul in my garage, create more fuel from braking, the range isn’t drastically reduced by city driving and traffic, and can automatically warm the cabin for my daily commute without filling my garage with carbon monoxide I will get one. I figure this will never happen.
Cars are expensive and high interest rates damage sales
Is interesting this is what is always pointed to, but not when it’s about EV sales continuing in the EU. Doesn’t seem to hurt the CT5 Blackwing, it yet to be released Lexus GX550 with waitlists etc.
This sub cant handle people maybe not wanting EVs over every other car.
Tesla is competing on the same field.
Tesla also received federal grants that are not available anymore while building out their entire company on top of the $7,500 per vehicle subsidy.
Biden introduced a loophole in the bill to allow the same credit for hybrids.
So? GM and Chrysler were literally plucked from bankruptcy by the federal government.
What federal grant? You mean the $400m loan They repaid early, the same loan system that’s chucked literally ten billion dollars at Ford and GM?
That federal grant?
Yeah and might I suggest their discounting might not be long term sustainable and say thus is war chest burning to keep the sales and delivery numbers up, since that seems to be what company leadership cares about. Maintaining markets have and delivery numbers.
Don’t be surprised once the economic situation improves, the Tesla prices will come right back up to match the increased demand and customer ability to pay.
Yes, if demand increases, Tesla will increase prices. They’ve made it very clear that they adjust their prices to manage their sell through of their cars. They have less parking lot space to maintain an inventory than the legacy OEMs and their dealership network. So Tesla has to be more nimble than the OEMs on this issue.
However, based on breakdowns of the car costs and their own financial disclosures, Tesla has excellent margins on their vehicles (and that is before they get to the 100% margin part of their business where they sell you a software update to get stuff like FSD). So with the current cost of lithium (which is back to historically normal pricing) there seems to be little problem for Tesla to keep this level of pricing and still cash flow enough to support the car part, expensive R&D like cyber truck, and silly Elon stuff like buying Twitter. Cash on the balance sheet increased from $23 billion to $26 billion last quarter. I would guess that current pricing is sustainable from a cash flow perspective and Tesla certainly says in its public reports to shareholders that it is sustainable.
Their customers tend to be wealthier.
Lol people downvoting you because they know it’s true
Vs other car buyers? Sure. Vs other EV buyers? Doubt it.
Compared to the people who would buy an EV from a Detroit automaker.
Volvo, Audi, Nisan, VW, Hyundai/Kia exist.
Yes they do. Read the article. The “big car makers” in the title of the article refers to the American car makers.
“The big-name EV companies of the future in the US may very well be Tesla, Rivian, Hyundai-Kia and Volvo.”
Market cap matters more than market share. Execs at GM and Ford shouldn’t be able to ignore the stark difference in market cap between them and Tesla, but they sure try.
GM is just spinning right now
The other way of writing the headline would be:
“Tesla loses market share again, down 18% from 2022 and down 33% from 2020 peak of 78%”
It’s actually good news for all, EV sales are up 65% overall.
Getting Shy? BMW will no longer make IcE cars in Germany.
“Combustion engines are no longer built in Munich, but remain in production in other plants in Austria and the UK,”
They will still make ICE vehicles at the Dingolfing plant.
That is because they are transitioning into 100% electric vehicles, and they are no longer developing new engines or ICE vehicles. DUH!!!
By 2030, BMW says it expects EV sales to make up 50% of its product mix.
Jaguar, Bentley, BMW mini, Porche (80%), will be all electric by 2030. GM will have 30 EVs by 2025.
tesla wants to be the back end supplier for ev.
that where the money is at.
if you doing long term planning.
It’s a forgone conclusion that Tesla’s market share in the U.S. will rise since the competitors are scaling back. The false narrative is that the EV transition / demand is the basis for the automakers scaling back their EV plans.
If the EV transition were to slow, which it’s not, then the situation would be different.