LeX2K

Tesla sales growth story is over at least for now.

AMIRZA786

Tesla is able to move and react at the speed of light. Need to push inventory? Drop the interest rate. Now it back to 5.29 percent

LeX2K

20 million cars by 2030 is the goal that's not happening. Sales are stagnant so what's next the $25,000 car? If 10/10 doesn't live up to the hype Tesla stock is going to get hammered.

swajames

I don't think the growth era is necessarily over. On the one hand, Tesla is massively dominant still and has a tremendous future upside potential from its massive install base. Services and subscriptions may well power future growth. That's before we get to what might come on 10/10. On the other, it would take little more than Musk to stop the politically divisive stuff to see at least some potential customers come back into play. He's absolutely harming sales because he's actively alienating people. CA sales softness, in large part, is probably attributable to that IMO.

LeX2K

BMW's EV sales are down 13% QoQ what divisive rhetoric has Oliver been posting.

AMIRZA786

I personally think most people don't pay attention to Elon noise. There are 5 new Tesla's that were bought by co-workers that are on the other side of the political spectrum. The 1.99 financing is probably more attractive than what he writes on X. Sure there are people who absolutely won't buy a Tesla because of Elon, but there are also people who absolutely won't by a Tesla because it's an EV

swajames

Tesla can't do anything about those people.

Tesla can do something about these people.

AMIRZA786

My preference is he stays out of political conversations, but that's not a decision I have any say in. Saying that, I don't think he's hurting sales in any significant way, especially with their great numbers. Market share loss can be chalked up to competition of better EV's coming on the market, but I don't have any data to back this up, so it's just an opinion

swajames

It'a all opinion. With that said, probably their biggest decline seems to be in California, and the Musk effect is never going to be stronger than it is here.

AMIRZA786

Can't do much about this, the Musk effect isn't going anywhere. If I start seeing quarterly sales start hitting a cliff, then Musk and Tesla will have to re-evaluate

swajames

Remember, I'm talking California. If sales here had maintained at their prior levels, deliveries etc would be up. Californians are still buying cars. Just fewer Teslas.

spwolf

If we are taking about how can Tesla sell more cars, then obviously it is all about new models.

If Toyota had Camry, Rav4, Land Cruiser and Crown, it would sell about the same amount of vehicles as Tesla, world-wide - around 2m per year.

They need to add 10-15 new models to sell 10m per year.

However, is that what stock needs? Tesla trades at these levels because it is not a car company, and that focus on next big thing is hurting their car sales.
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Motorola

Elon can be obnoxious on social media but I doubt his presence or lack of it will hurt Tesla's success unless he does something that actually screws over new owners. A good product will sell regardless of the owners' public image, just ask Chick-Fil-A.

All the talk in previous threads about Tesla being luxurious or not is rather ironic because the new Model S and Model 3 interiors are like Bentleys compared to the horrible plastic crap masquerading as an interior in the latest BMW and Audi models like the new X3 and A6 E-Tron. The rear all-hard-plastic doors of the Q4 E-Tron alone belong on a economy crapbox.

AMIRZA786

I agree. Sales were up this quarter, I personally don't think most Model 3 and Y buyers even read what Elon posts. I certainly don't know what he posts unless someone forwards it to me. As long as prices are good and they give buyer's incentives like low finance rates, Tesla's will continue to move

bitkahuna

iTrader: (20)

i think your point in bold is way overblown, attributable to the fact that you don't like musk's views.

whether you hate his posts on x or not, he believes he's genuinely trying to save/enable free speech because of what he sees as horrendously biased and censoring 'mainstream media' which is patently obvious (endless examples every day).

but putting all that aside, he does a lot of stuff most think is great, like he's just sent tons of starlink dishes to people stranded in the mountains of north carolina so they can communicate, know what's going on, and let loved ones know they're alive. the return self-landing first stages of spacex rockets never cease to amaze.

and as has been said, tesla is more than a car company. it's only going to take reputable reviewers saying fsd is good enough for most people for the stock to take off. then there's the coming refreshed y which should do great. at some point they will have to redo the x and they're planning on offering a lower end model below 3 at some point, which may be less interesting in the u.s., but could be enormous worldwide. the powerwall business, the semis, robots...

absolutely. they liked the car, they bought the car. pretty simple.