I personally put more money in Tesla on Friday and woke up to a nice surprise this morning.
Because it wasn't. For example, In July alone, Toyota sold 26,311 Camrys and 26,754 Corollas. In August , Toyota sold: 30,141 Camrys and 26,155 Corollas. This means, even if they sold no cars in September, both Toyota models sold more in Q3 than the Model 3.
The Model 3 was the best-selling EV sedan in Q3, but it should have been, given that it doesn't yet have any real competition.
When it’s “most popular vehicle” then we have something to cheer about.
Most popular sedan is being the biggest fish in a small aquarium.
https://www.cbtnews.com/people-arent-buying-sedans-anymore/
The 3, admittedly has done reasonably well, but out of the total number of sedans sold, it’s still tiny. Out of total cars sold, it doesn’t even register as significant at all.
I am not knocking Tesla, but their competitive advantage is diminishing. Audi’s e-tron and all of the other electrics coming from big name producers are set to crush Tesla unless they figure out how to scale; not just production, but the parts and repair pipelines.
As far as the media posting negative news; has there been much news that hasn’t been negative? Musk picks a fight with the SEC, tweets like a 12 year old (remember the pedophile allegation?) and still it takes months to get a car. (And still no CarPlay support!)
They should focus on building cars and less on trying to play with the stock price. The best way for Musk to beat the shorts? Shut up and ship.
And it wasn't even that. It was the most popular _EV_ sedan, which is like being the biggest fish in the water pale my son plays with in the backyard.
Wait... by _revenue_? Who cares about that? Now units sold isn't the benchmark? C'mon.
[1] https://www.cnet.com/roadshow/news/tesla-model-3-outsells-al...
You realize he also hurts longs with this crap, right?