Then why did you bring Toyota into it and seek to separate their ICE sales from EV sales with an Toyota ICE model?This thread is about Tesla stock.
I simply replied they are all cars with 4 wheels if your in the business world then the bottom line is sales and profit on the products they produce, so why bring up a Toyota Corolla and compared it to Tesla? Toyota buries Tesla in every aspect of the automotive business.
Your post = "Here's the Statista numbers showing 200K more. My point is, the Corolla is a high volume, low margin product and got beat by a high volume, high margin car. That's a critical business metric. Pretty impressive, right?"
So what's the post above about? Toyota smashes Tesla in car sales, why pick out one of their vehicles? Tesla is in a bind, the CEO says so in the link I provided. HyBrids are hurting them, 1st quarter sales are in the negative.
Just like you say, this thread is about Tesla stock but you brought the sales of the Toyota Corolla into it, not sure why, Tesla or any car company can only dream to be a "Toyota" like company one day.
Tesla has a problem, they should have been devising a less expensive vehicle, but wasted time and money on a truck few can afford. If they had a visionary at the helm, they might have tried to protect themselves by designing a reasonable larger Hybrid SUV type car. But their shortsightedness/arrogance and lack of vision has them in a pickle right now. I cant help wonder if a hybrid will be in their future.
This company was supposed to continue an upward path of double digit growth near 50% and NOW they are at negative growth in all aspects.
Recent deal that Musk made with the Communist Party in China may help the stock price for Elon's followers (or it was just an excuse for a short squeeze) Once again offering promise for Tesla in a communist country that maybe short lived once China steals the technology and their own industry competes, as they did with EVs when Musk said they would never beat Tesla along comes BYD to do it. The communist country was the only reason for Teslas first true profit year only 2 years back and once the competition came along is the reason for their first back to back losses in the last two quarters.
https://www.businessinsider.com/tesla-challenges-amid-hybrid-craze-ford-gm-gas-profits-2024-4?op=1
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