Tesla’s Share of U.S. Electric Car Market Falls Below 50%
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A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.
How much of a brainlet do you need to be to have a huge lead in an industry and instead of making good products you fire your entire charging team?
How much of a barinlet do you need to be to give the culprit billions of dollars as a reward for this?
And when making hundreds of billions of dollars off of the 'woke' crowd that subscribes to the 'building a better tomorrow' ideal, turning into an ignorant and unrepentant fascist piece of shit is a good way to erode market share for free, if you exclude the $46 Billion USD social media site purchase, which is now worth essentially nothing.
The charging team thing seems like pretty standard power trip behavior from an exec, not that it's good... seems like the plan is to hire some of those people back and continue to invest in charging infrastructure.
What seems really braindead to me is the Cybertruck... they could have made a normal mid-size pickup and been absolutely killing it right now. I probably would have already bought one despite my opinion of Musk.
Honestly, because of the EPA regulations, it's difficult and expensive to make the small trucks that were so popular in the 1980s and 1990s. Tesla could have cleaned up with a simple single-cab electric truck (especially if it came with fleet purchase options). Because of the economics of the situation if it were priced in the 25-35k range it would fly off the manufacturing lines and become the new standard workhorse for local businesses (think plumbers going out to 5-6 calls a day and then charging overnight), plus it would have the added benefit of a "bring your generator to the worksite" stuff.
They'd just have to be willing to strip a lot of the fancy electronic stuff out for manual things (like manual doors, environmental controls etc...).
pretty standard power trip behavior from an exec,
Definitely not in public, and I doubt even behind the scenes is such behavior normal, despite most execs have psychopathic tendencies for powertrips, they usually have more self control than Musk.
Musk was not just being an asshole, he was being an outright idiot about his own company.
Regarding the Cybertruck, I believe it's a vanity project, because he wants to get rid of the woke image, as if that hadn't already happened.
He wants that psycho right wing macho image, that comes with a "brutal" truck.
Hell, Simone Giertz showed us with "Truckla" that an El-camino/Brat inspired pickup made from a Tesla sedan is more than enough. So the answer isn't all that far from business as usual.
Edit: or just mod a car from 1968 instead: https://www.evbuildersguide.com/electrifying-transformation-of-a-1968-chevrolet-el-camino-beloved-baby/
and it'll continue to fall, especially if they waste resources on dumb things like the cybertruck.
Isn't the Cybertruck a huge success though?
I assume you're probably thinking of all the "pre orders" they supposedly had. However, the take rate of zero-commitment "pre-orders" from 5 years ago for a product that was 50% cheaper with significantly better specs has been pretty low, especially given that far better vehicles have become available since it was announced.
How many recalls has it's (checks notes) roughly 11,000 total units had? Looks like four, lol. Banging success.
The market for hybrid vehicles has lately been growing even faster than for fully electric vehicles; hybrids, which do not have to be plugged in, allow consumers to avoid a patchy national public charging network.
Not to mention the lack of chargers at rented residences, and the inability for most of us to afford to buy our own house.
In the US, plug-in hybrid is a decent way to cover the breadth of consumer desires. Get a battery big enough for 50 miles of daily commuting, but have the ICE for 500 mile holiday trips. More complicated, having both power systems, and you still have the tie to gasoline, but you don't have to lug a massively oversized battery pack everywhere you go and you still get most of your transportation energy from the electric grid.
Yeah, if you've got a short commute, and some way to charge it at home, that's the way to go. I've heard second hand about people needing to add fuel stabilizer to their plug-in hybrid because they use so little gas.
The “tie to gasoline” is definitely a feature for me. I want to be able to fuel my car and keep going quickly.
Who wants to buy a car with no stalks? Maybe BMW drivers, as anyway they don't use the blinkers, but having the gear selector on a fucking touchscreen with no tactile feedback is dumb
Fascist Electric ⚡️
He’s a fascist because he’s successful!
Success!
After Goya did a stump for Trump they made The Enemies List and I was like "I don't know how you got a vegetarian to hate a can of black beans, Goya, but you fuckin' did it"
Dig this big crux: Elmo wrecked the company, it’s toast. His idiot layoffs have blocked the way forward, the focus on being a blowhard fascist has taken focus away, he’s an awful leader and a terrible ideas guy - he’s proven these things over and over again. And his crony brother board let him do it. There are no doubt many violations of various flavors which will go uninvestigated.
Oh well. SAD!
You might want to check in your portfolio to make sure that whatever Tesla stock you had got sold already. It's just going to go down from here.
I don't buy it, tbh. I've been hearing some variant of "Tesla isn't growing more and the stock is overvalued" or in the last five years "Musk is an idiot and is going to tank the stock" since I started paying attention to the markets circa 2012. Musk is a fascist piece of shit, but he does have some quality--and it may just be having more money than God and thus having a sort of wealth inertia--that keeps the stock merrily tripping its way upwards. I bought three shares several years ago on a whim, and between the upward growth and the stock splits I've sold my initial investment amount 3x already and could sell it three more times today and still have Tesla stock leftover
Why would anyone wish for Tesla to fail? Unfathomable
As expected.. COMBINED other manufactures are starting to make meaningful amounts of EVs. Individually it is funny how few they sell however.
Tesla still sells nearly 10x the number of EVs (BEVs) to the next most popular brand (globally).
Correction Tesla and BYD are embarrassing the "REST" of the the manufactures. Globally.
BYD numbers are often mix EV as a combination of PHEV and BEV, their BEV sales have substantially grown.
○ Tesla market share 20% ○ BYD Auto 15% ○ Geely Holdings 8% ○ Others 57%
https://www.counterpointresearch.com/insights/global-electric-vehicle-market-share/
Tesla still sells nearly 10x the number of EVs (BEVs) to the next most popular brand (globally).
Tesla only sold 4% more EVs than BYD last quarter
I imagine BYD is going to overtake them soon, as they already have in China. It’ll probably be hard for them to break into the protectionist U.S. market but I’m sure everywhere else would be fine with a cheap EV.
Plus, considering Elon Musk just mooched $60bn off of Tesla for doing K and tweeting rot all day, the writing is probably on the wall. I sure as fuck wouldn’t invest in a company where the executives are bleeding it dry.
...no? This is combined in the US, outside of it it's nothing like this.
This guy gets it.
At this point, I'm not sure why anyone would actually buy a Tesla. The alternatives are far less expensive, the "features" of a Tesla are unpolished and dangerous, and the money doesn't go to a megalomaniac with a god complex.
As someone who bought one recently (past yearish) there's several things:
Overall I got a mid-price electric car with a decent set of features. I'm relatively happy with my purchase while understanding the clear limitations of it
I just wanted to thank you for your reply. It was so well written and easily digested I feel like I got hours worth of research out of it. God bless Lemmy.
My 2 cents (more like $2 now that I wrote it) is that no car made in the past 20 years can be maintained to the degree older cars could, and electric cars will suffer from the same ephemeral lifespan as all modern autos do. Electric or not, makers will continue to abandon vehicle platforms regularly and aggressively in order to ensure no single component or technology becomes affordable or obtainable outside of a manufacturer-sponsored limited warranty plan. And they will lobby against our attempts to extend the service life of electric drivetrains in the name of safety or design secrecy.
Good thing Elon Musk fired the entire Supercharger team then.
https://www.reuters.com/business/autos-transportation/inside-story-elon-musks-mass-firings-tesla-supercharger-staff-2024-05-15/
Other autodealers aren't fucking their own company over by destroying the top reason you listed for buying their cars. We're well into the point where its clear that Elon is a terrible businessman not just morally, but also for you as the Tesla customer. There's no way Superchargers can be maintained (let alone expand) if the team is gone.
What's everyone's suggestion?
I want the dumbest smart car available. Like a Honda Civic but just electric. No smart features.
Closest in the united States is a chevy bolt, but that's still pretty far.
I'd love a fairly dumb ev. Give me just enough computer for battery/charging management and let me do the rest.
Dunno about no smart features, that's a tall order regardless of powertrain, unfortunately. But otherwise, what's your budget and can you charge at home easily?
VW ID.4 is not perfect but comes close to what you're asking for. also qualifies for full US tax credit. yes it integrates a bunch of stuff into the touch screen. But in terms of "fancy functions" it doesn't really have much except CarPlay/Android Auto.
I went with a Nissan Leaf. But only because it was the only EV I could have gotten on 2022, as it felt so hard to get them and dealers didn't seem to keep me updated on availability.
Most smart features can be disabled on modern cars if you dont want to use them.
The tracking is harder, but if you are willing to remove the stereo head unit, a lot of brands have their GPS junk attached to it.
Hyundai Ioniq 5 or Ioniq6 seems to be the dumbest EV (dumb in a good way).
I would suggest most people get a PHEV, like the Prius Prime though.
Honestly I'm hoping EV conversion kits become cheap and common. Id rather drive an EV converted 2010s Civic than most of the modern internet connected spyware cars out today.
I dislike Musk and Tesla’s interiors enough that I’m going with a different brand, that said…
The big answer is still the charging network, even with Telsa opening up to NCAS from other manufacturers. If you buy a non-Tesla NACS car, you still only get access to about 1/3 of their network. And the Telsa’s network is still usually much faster and more reliable than its alternatives.
I would also argue that the price to range ratio is still pretty compelling when compared to the competition.
Yup, the Supercharger network is great. Last year my wife and I did a road trip up a down the east coast in our Model Y, and thanks to the superchargers and their integration with the Tesla navigation system we never had any issues.
Having said that, I’m hoping that the rollout of other NACS networks picks up steam. 5 or so years from now when I start thinking about a new car I’ll be taking a hard look at non-Tesla options for both vehicles as well as charging.
the biggest reason back then was that it had the best charging network option. as NACS slowly becomes the defacto connector standard, the unique factors that teslas have starts to yo dwindle.
in pure EV though the alternatives arent entirely less expensive. its a game of certain features over others. For example with traditional car conpanies, many of them still have a terrible cartainment system, with some threatening for example to take away apple carplay/android auto in favor of their own propietary service.
It's one of the few cars that qualifies for the full federal tax credits
... which it has no fucking business doing. This is further evidence of oligopoly
Charging network and autopilot.
The other factor not yet mentioned is charging time/range. There are EVs with more range, and EVs with faster charging times, and EVs that are cheaper, but there are no EVs with a comparable long-range driving ability as Teslas for less money. The Hyundai ioniq 6 is comparable now but it's new, untested, and doesn't really have a used market
Is it? I've seen a fair few here in Seoul.