No. Quarterly deliveries are shit and ASPs are dropping. The only way it rallies is if he BSes the CC with phantom products.
Bill Gross says Tesla is the new meme stock https://www.cnbc.com/2024/07/10/bill-gross-says-tesla-is-the-new-meme-stock.html “Tesla acting like a meme stock — sagging fundamentals, straight up price action,” the former chief investment officer and co-founder of Pimco said in a post on X Tuesday afternoon. “But then there seems to be a new meme stock every other day now. Most are pump and dump.”
Tesla’s Share of U.S. Electric Car Market Falls Below 50% 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. Listen to this article · 4:55 min Learn more The company’s share of U.S. electric vehicle sales by quarter Source: Cox Automotive By The New York Times By Jack Ewing July 9, 2024 Tesla’s once-commanding share of the market for electric vehicles in the United States slipped below 50 percent in the second quarter of the year even as sales of battery-powered cars surged to a record, according to new estimates published Tuesday by a research firm. Tesla accounted for 49.7 percent of electric vehicles sales from April through June, down from 59.3 percent a year earlier as the company led by Elon Musk lost ground to General Motors, Ford Motor, Hyundai and Kia, the research firm, Cox Automotive said. It was the first time the company’s market share fell below 50 percent in a quarter, according to Cox. The firm, a leading auto industry researcher, estimates market share based on registrations, company reports and other data. The numbers are the latest sign that Tesla is losing its dominance in a market it in effect created in 2012 when it introduced the Model S sedan. Before that car, very few electric vehicles were sold in the United States. Overall, U.S. electric vehicle sales climbed 11.3 percent from a year earlier, suggesting that consumer demand for the technology remains healthy even if sales are no longer growing at more than 40 percent a year as they were last year. Americans bought or leased more than 330,000 electric cars and light trucks during the quarter, accounting for 8 percent of all new cars sold or leased in the three-month period. A year earlier, electric vehicles accounted for 7.2 percent of the market, Cox said. A few years ago Tesla didn’t have many competitors, and pretty much no other company could match its cars’ driving range on a full charge or acceleration. But established carmakers have been introducing electric vehicles that can travel 300 miles or more, equaling and sometimes exceeding the capabilities of Tesla’s cars. There are well over 100 electric models available in the United States, according to a separate report published Tuesday by the Alliance for Automotive Innovation, an industry group. Prices have fallen as the supply and variety of models have increased, making it possible for more people to afford one. Intense competition “is leading to continued price pressure, helping push E.V. adoption slowly higher,” Stephanie Valdez Streaty, director of industry insights at Cox, said in a statement. Many consumers are now buying electric cars from established carmakers like BMW or Ford, which have large dealer networks that can provide maintenance and repairs. Tesla sells cars online and many consumers have said that it can be hard to get their cars repaired at the company’s relatively small network of service centers. Tesla sales have also suffered from an aging lineup. Its best-selling vehicle, the Model Y, went on sale in 2020, making it dated by industry standards. Hyundai and its sister company, Kia, offer more electric models than Tesla, with competitive prices and newer designs. Mr. Musk may have also hurt Tesla sales with his embrace of right-wing politics on X, the social media platform he owns. Electric vehicle owners tend to be liberal or left-leaning and electric vehicle sales are highest in states that generally elect Democrats for statewide and federal offices. In recent quarters, sales of electric vehicles have not grown as fast as some automakers had expected, but the market is still expanding faster than the one for gasoline vehicles. 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 all carmakers are benefiting. Electric models including Mercedes-Benz, Polestar, Porsche and Volvo fell in the second quarter from a year earlier, Cox said. The firm said it would publish detailed sales and market share figures on Thursday.
https://cleantechnica.com/2024/05/0...yundai-kia-audi-bmw-chevrolet-toyota-combined Tesla Still Sells More EVs In USA Than Ford, Chevrolet, Hyundai, Kia, Audi, BMW, Chevrolet, & Toyota Combined May 4, 2024 Zachary Shahan Actually, wait, Tesla still sells more electric cars in the USA than every other automaker combined. The company accounted for 55% of US EV sales in the first quarter. First, let’s look through some charts. Then, I’ll get to editorializing on this. The first two charts show the share of the US EV market different auto groups and different auto brands had in the first quarter of 2024, and then the next two charts show their results in volume terms (EV sales). As you can see there, Tesla’s 55.2% share of the market is not comparable to anything else. It’s hard to highlight any other companies considering how far behind Tesla they are. However, excluding Tesla from the equation, Ford is the standout leader, with 8% share of the US EV market last quarter. Then, combining Hyundai and Kia, we get to another 7.3% of the US EV market. Those companies (Ford, Kia, and Hyundai) account for one third of the non-Tesla EV market. Aside from those three, you’ve got GM, Rivian, and Volkswagen Group above 5% — at 6.5%, 5.3%, and 5.2% of the market, respectively. On to model sales. This chart makes it even harder to look beyond Tesla and be positive about what we’re seeing. Tesla just sells so many more units of the Model Y and Model 3 that it’s hard to believe the other automakers are trying. But, if you want to pull out the leaders among the rest, you’ve got good performances from the Ford Mustang Mach-E (9,589) and the Ford F-150 Lightning (7,743). Good on Ford. The Rivian R1S also slips in there between those two models, with 8,017 sales. Overall, we can see that EV sales continue to rise strongly in the US. Yes, there was just a slight increase in Q1 2024 compared to Q1 2023, but that was down to Tesla’s sales decreasing a bit (note that Tesla attributed this to pausing the Model 3 production line in order to launch the new “Highland” version of the Model 3). Compared to Q1 2022, EV sales are up enormously. Yes, that’s 71% growth in the 1st quarter of this year compared to the 1st quarter of 2022 (and a 2% increase year over year). The problem is how much the US EV market depends on Tesla sales. If Tesla’s sales are up, US EV sales will surely be up. If Tesla’s sales are drooping for any reason, then discussions can devolve quickly. The US market has been diversifying, and it just needs to keep doing so by selling more and more EV models and more and more units of those EVs. It’ll be a much healthier market when Tesla is below 50% of EV sales and not so much rests on the young company’s shoulders. Note: This report was updated at 1:10 am ET, May 5, in order to correct a data error in Q1 2023.
https://www.teslarati.com/tesla-ene...nley-reason-to-modify-price-target-breakdown/ Tesla’s energy unit gives Morgan Stanley reason to modify price target breakdown CREDIT: TESLA ByJoey Klender Posted on July 10, 2024 Tesla’s energy unit was the talk of the second-quarter vehicle delivery report that was released last week. The numbers Tesla reported for its energy storage deployments for Q2 have Morgan Stanley and its analyst Adam Jonas considering the division as more of a factor in its breakdown of the $310 price target it has put on shares. “It’s no wonder that investors are starting to consider the real possibility that Tesla Energy may be worth more than Tesla Auto,” Jonas said in a note to investors. In the grand scheme of perception, most see Tesla as a car company. The reality is Tesla is much more than that. It builds cars and employs energy storage units on a massive scale; it could also be considered an AI, Robotics, and Software company. While the Tesla stock price has soared since it reported a delivery beat of 6,000 units over Wall Street consensus estimates, perhaps the biggest shock and one of the reasons more analyst firms are boosting their price targets is because of the energy division’s performance. The company saw a massive increase in energy deployments in Q2, setting a company record, and not in a modest way. Tesla saw a dramatic 132 percent increase over Q1, which was a company record at the time it was reported. Tesla reported deployments of 4.053 MWh in Q1, but this was drastically overshadowed by the 9.4 GWh it reported in Q2. It all goes back to things CEO Elon Musk said years ago. Musk said during the company’s Q3 2019 Earnings Call nearly five years ago that the Energy division of Tesla could be a much larger portion of the company than the automotive side. “It could be bigger, but it will certainly be of a similar magnitude,” he said. “It would be difficult to overstate the degree to which Tesla Energy is going to be a major part of Tesla’s activity in the future…I think both, over time, will grow faster than automotive. I think, especially, if you look at sort of — if you look at, like, year-over-year growth, it will be absolutely incredible … over the course of, say, a year, gigantic increase.” Jonas believes the same. In fact, his $310 price target has been broken down in a way that reflects auto making up $284 of it, Reuters said. Previously, Energy only accounted for $36 of the $310. Now, he is bumping it up to $50 per share. This also factored in Morgan Stanley’s reduction of 2030 auto sales for the company. Copyright © TESLARATI. All rights reserved.