They also had the Volt - I really thought GM did a great job on the 2nd gen Volt. Of course, GM did what GM does - kill a well executed vehicle…
Ford-ditches-new-EV
- Thread starter Trav
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That was an article a few months ago, it was just after close of Q2, and referenced YOY & 1H23 vs 1H24.
Again, what do the numbers mean? Increases in sales I guess.
If so, percentages are misleading in early major product releases.
If I sold 1 and then sold 2, that's 100% growth. But I still only sold 2. And lost a ton of money!
Look at Tesla. They sold far more EVs than everyone else combined, but bled money for the 1st 10 years (or whatever it was). If it wasn't for Toyota's help in the early days, there would be no Tesla.
No one knows where the EV market will go. But getting to break even point and then to profitability takes time, if it happens at all.
I am sure the CEOs and their staff are doing what they believe is best for their companies and their shareholders.
Apologies if this is not what you are talking about.
Where my ears perked up: "Ford will now focus on developing ... more affordable models.". So two realizations in one, really. Electrics aren't lighting the world on fire (figuratively) like they bet so heavily on, and something about their sales numbers is forcing them to return to an abandoned customer base, the middle to lower income classes. I wish I had bet on it long about the time they chased the Fusion and Focus out of town.
The article itself didn’t make it appear negative. I wish it had been a site I was more familiar with and I could have dug it back up.
About the only thing they kept touching on was Tesla’s total market share, and that it dipped below 50% for the first time ever. While I’m no EV-hugger, even I know that tack is bull, because when Tesla was first there were no legit competitors. Now there’s 25-30 EV manufacturers worldwide and if they all sell just 1 car, Tesla gets a mere 3%. The fact that it’s still ~50% is a huge tell if one ignores the sensationalist headline wants you to believe.
Tesla sales are falling. Its market share continues to plummet.
Americans do not want 4 door sedans is all that is about. Not sure why they have to copy Tesla, Tesla should copy Ford and produce bigger vehicles. Tesla does fill a nitch for performance compact cars but they wont grow without SUVs. Problem is, batteries are so expensive that they wouldnt sell larger vehicles because they are to expesive to produce as learned by the $100,000+ Cybertruck.
The only way to Tesla to continue to succeed is government forced regulations.
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That's why we see lots of Model 3s and Ys though. The bigger vehicles, especially the Model X being a crossover/SUV is very expensive. I rarely see Model S or Model X, but I see plenty of 3s and Ys. Maybe most don't want sedans. It's either that they're one of the few making one so they sell or the price point gets people to make the exception.
I like the Model 3. I would not buy a Model Y. I wish we had more car options. I will specifically only buy a car at this point because it's what I prefer. I'd be interested in a Polestar 2, but there's no dealer or service location in my state at all. Tesla works because they still keep service stations around even though they can't sell in the state.
I would only ever consider a bolt a "city car". In that use case it's a great tool for that job - run around for a day come home hose it up. If thats the use it's the right car.
Once you head out on trip outside its radius it becomes wildly impractical and not an ice replacement due to charging speed. Id love to see an ultium version.
Yet it's still the most valuable car company in the world, and from what we can tell the only American company making a profit on Ev's.
Market share in and of itself isn't a great metric. GM had the most market share when they went under remember?
Telsa market share can only go down, that was a fait accompli.
The question is can they grow?
It's going to be hard for them, especially when they blow it w dogs like the cybertruck.
The model Y is an SUV. It's done pretty well. The X an even bigger one, but it's too expensive.
I never said anyone had to copy tesla, many here said their tech would be easy to copy. Turns out not so much.
We still havent seen another EV with unified control, giant forgings/stampings, equal MPKWH, a viable charging network, and all the other things that allow tesla to be profitable.
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Well, very few companies have invested in manufacturing plants on a scale like Tesla - that will calm and go steady state building what’s in demand … Look how many times the older companies have re tooled to crank out the right units. Like where you live.
Special shout out for you and GMBoy - when I was a little boy - I got to tour GM in Arlington Tx - they were building GTO’s - and I watched them dyno a GTO Judge - lock the rollers and squirt him into the parking area …
I have owned several good SUV’s from that plant - See signature
Value as placed by shareholders not profits/ I keep hearing most valuable car company and it makes me laugh. Its current value is almost 50% less than a few years back using that measure. Not exactly bragging rights.
GM still sells more cars in the USA that anyone else for 90 years minus one year
Tesla market share falling by double digits, Tesla profit margins falling by large numbers, and Tesla makes no profit on ICE vehicles because they have none, worse, Tesla only made a profit on it vehicles for 2 years out of 15 and the first of those 2 years was overseas operations not USA operations.
3 years back it was selling carbon credits which allowed a small profit and to this day, we are not even sure Tesla ever made a profit on its USA operations. But forget all that, 15 year head start with one type of engine system, 3 years profit and one of those years was selling carbon credits, not automobile profits.
Btw- I could be off one year on the profits but it wasnt until around 2021 Tesla showed anything positive.
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They will figure out that it’s best to nurture/groom the type of grass each planted and watered …
Polestars to me are awesome looking cars. You can really pick up a lightly used one at amazing prices. It's a scary market as they struggle to survive, to me, more a victim of lackluster EV demand and a little late in the game to be established.
You can get a low mileage 2 2024 with 4k miles for 33k and most all other late models 2021 to 23 for less than 30k
I know nothing about the cars and pricing but one caught my attention one time and I was like wow, nice car than looked it up.
BMW outsold Tesla in BEV sales in Europe for the first quarter 2024.
https://electrek.co/2024/08/22/bmw-tops-tesla-ev-sales-first-time-gap-narrows-eu/
https://electrek.co/2024/08/22/bmw-tops-tesla-ev-sales-first-time-gap-narrows-eu/
For the month of July, not the quarter.
US BEV sales 2024 Q2
There are lots of reports out there if you are interested, but for now this should help.
My guess is, as more models come out and charging further emerges in condos and apartments (it's happening here now), growth will continue and level out.
Tesla is the big dog, of course. They needed to refresh the 3/Y cars. My car is 95% new parts. Even though it looks very similar, the new 3 is on another level. Drive one. IMO the RWD LR, if you are eligible for the tax credit, is a compelling configuration for many.
The new Model Y is nearing production release, late this year or early 2025. Owners love 'em and the new ones will sell like crazy. Rumors abound; perhaps 400+ range? Who knows?
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For a company that wasn't supposed to make it id say being, and staying #1 in market share is worth bragging about.
If Elon could keep his mouth shut they would probably do better.
I want GM to do well. If GM's leadership were better they would have all of teslas market. There were there first with the EV1 and let it all go.
I want all American manufacturers to do well. I don't want to cede this sector to the Asians or the Europeans like we did small cars and SUV's.
Telsas first full year of profit was in 2020 it took 18 years.
They became profitable independent of credits in Q2 of 21.
Why not, "they" control 1/3+ of the US population by doing so. JUST by using accusatory words.
That's a start. Lets see how things do going forward. In the US it looks like Hyundai/KIA is gaining a little traction too. I've been saying this for a long time, as more EVs enter the market, they take away sales from TSLA. Only time will tell.
Well said except the GM part is what I don’t get in your posts. GM is doing well, its profits over the last ten years blow Tesla profits out of the water.
I think you mean you want Tesla to do well, they haven’t proven anything yet.
Profitable for 3 years their best profitable year matched/came closest to one of GMs worst in ten years.
I’m unsure how. In this case GM can do much better as a company, being the largest selling car in the USA for 90 years except Covid year is a pretty good record compared to Tesla
I’m not saying any company like GM is the holy grail but they sure have done better as a USA car company than anyone selling cars on our shores. Its income per share also blows Tesla out of the water.
However shareholders place more value in Tesla than any car company but that value is only speculation, not profits and that can change as it already has as Tesla investors have slashed the value of the company by darn close to 50%
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