Tesla should celebrate these “wins” - only 17% is amazing feat for a company like Tesla, instead of 100+ forward P/E ratio stock should be at $1,000/share minimum. robotaxis coming in 2087 will help too /s
I honestly don’t think Tesla sales would have dropped if it was a sound economic decision. But BYD is so much cheaper. If you need a car now, Musk antics just push you over the edge. I get to save a few thousand dollars and not give my money to this lunatic.
As an Australian in the market for an EV, who used to be very pro-Tesla, I can tell you there is zero chance I'm buying a Tesla. It would have to be by far the cheapest on the market, and even then I'd hate myself.
And if you exclude them the overall EV market grew by 32%.
It definitely is the combination of Chinese competition and Musk's antics.