Simple. Everyone is getting into EV.
There isn't a car company around right now that doesn't have an electric model coming out in the next couple of years. And so Tesla has nowhere to go but down.
There isn't a car company around right now that doesn't have an electric model coming out in the next couple of years. And so Tesla has nowhere to go but down.
Tesla is the leader, not a follower in the segment. They have advantage of manufacturing, charging network, battery, software, and last but definitely not least their brand. If anything some laggards will lose out, for example Chrysler or Mazda.
Tesla booked about 110,000 orders this past quarter. That's a very healthy demand. [0]
[0] https://electrek.co/2019/09/26/tesladelivering-record-cars-q...
It's actually simpler. The attack campaigns negatively influence the stock.
VW ID.3/4 are looking like being winners and will likely outclass the Model 3/Y. eTron, I-PACE and EQC are all selling well against the Model X.
And again. Everyone is coming into EV this year and next.
The VW ID.3/4 are not coming to North America.
The eTron, last month sold 434 units in the US. The Model X sold 1,675 in the same month in the US. The Model 3? 20,250. The I-PACE sold 160 units and the EQC isn't being sold yet. The eTron has been a massive sales disaster, sales are not growing. https://insideevs.com/news/369439/august-audi-e-tron-sales-u... https://insideevs.com/news/373812/ev-sales-scorecard-septemb...
I'm not trying to say Tesla has no risks at all, but you have to _really squint_ to not seem them as the clear market leader currently. The Model 3 simply has no competitors today - and to invoke the Taycan is about as disingenuous as it can get.
Ahh, I see - the line must be at $120k, right? Since I can order a $115k Tesla which is somehow mass market?
b) VW ID.4 is coming to the US.
c) There is more to this world than the US so not sure why you seem to restrict the sales there.
Its a good car, but this is as exaggerated a position as I've seen from anyone on either side.
The VW ID.3 is ugly, and it's long range version is 100 less miles than the Model 3 long range version.
Neither have Tesla's charging network either.
Range and charging is the most important thing about an ELECTRIC car. 100 miles is a big gap, and every car coming out has that gap.
And in many places e.g. EU the Tesla charging network isn't a huge advantage as you have superior alternatives e.g. Ionity.
“The maximum range for the Taycan is listed as just 450 km (279 miles) on the WLTP test cycle. The Audi is rated at 255 miles on WLTP and 204 on the U.S, EPA cycle. When the Taycan gets its EPA certification, it will likely have a range of around 220 miles.” - Forbes