Hacker News Reader

Comment by cs702 | Hacker News Reader

Correction: ...as demand for non-Tesla EVs plunges.

Demand for Tesla EVs is... booming. Tesla sold 83% more cars in the most recent quarter than in the same quarter a year ago.[a]

[a] https://digitalassets.tesla.com/tesla-contents/image/upload/...

View on HN

The actual article has the following title for me: VW is cutting jobs at its German EV factory because demand is plunging

The HN title is: Volkswagen cuts jobs as demand for EVs plunges

Not sure why the difference but the article cites Tesla demand of one of the key reasons the demand "is plunging"

Perhaps "as demand for its EVs plunges" would be more appropriate, if it fits within the title length limit.

Past performance does not indicate future results, right? VW sold 52% more cars in that quarter as well.

> Volkswagen's all-electric car sales increased even faster, reaching roughly 94,800 units in Q2 - nearly 52 percent more than a year ago. [1]

[1] https://insideevs.com/news/678768/volkswagen-electric-car-sa...

They just cut the price on the model x and s.

They have thousands of model ys with discounts on their website as they are waiting to be sold at a dealership.

That not even including all the huge promotions on the model 3.

I wouldn't say Tesla isn't at least slowing down based on their nearly 3 month old earnings report.

And both model S and X have been completely discontinued in the UK due to the lack of interest. The only Tesla you can order here is a model 3, and it's got fierce competition from other brands.

That's incorrect. You can order a Model Y.

https://www.tesla.com/en_gb/modely

More accurate on the S/X to say they're not enough demand in RHD. Same reason they're not available in Australia.

Yes sorry I completely forgot about the model Y.

S and X discontinued in Australia as well.

But 3 and Y seem to be doing well, despite the boss's attempts to dissuade buyers.

I think the cybertruck will sell very well for consumer and fleet. Probably good for Tesla to have extra inventory of S, X, 3 Y so they can make enough trucks

Some softness is to be expected considering the current macro and rising interest rates, but when people want EVs they’re buying Teslas.

The Model Y is the top seller in Europe, California, and other large markets.

https://www.tesmanian.com/blogs/tesmanian-blog/tesla-model-y...

https://www.greencarreports.com/news/1139959_pickups-aside-t...

https://qz.com/tesla-model-y-best-selling-ev-in-china-2023-1...

Tesla’s been dropping price, so they too must be seeing softening demand.

They were the "cool kid" on the block but every kid grows up, becomes an adult and is no longer cool. Th same can be said about Tesla, their roadster was without a doubt a cool looking car and the fact that it was electric made it even cooler. Since then it's rode the "scrappy new start up road" busting the balls of the large auto manufacturers but Elon is getting a little long in the tooth and soft in the head, the upper income liberals don't like what's coming out of his mouth and considering the price they'd be better off purchasing their over priced EV from Mercedes or BMW. Further it's a pretty well known fact that Teslas are horrible cars, Kia quality at BMW prices. Finally like anything that's considered cool everyone wants on the band wagon, Teslas are no longer just for the monied tech mom it's open to everyone including Uber drivers, yep Uber made a deal with Tesla so instead of being edgy a Tesla is what picks you up when you go to the airport -to quote Memphis Raines, " I saw three of these parked outside the local Starbucks this morning, which tells me only one thing. There's too many self-Indulgent wieners in this city with too much bloody money! Now, if I was driving a 1967 275 GTB four-cam...". Nobody is going to drop $70K to drive the same car and Uber driver drives.

I don't think interest is plunging at all, the problem is the price is too damn high. Wages aren't increasing as much as the price for new cars has.

What causes Tesla's demand to be so high ? price only ? or did VW EV effort failed ? I didn't read about it but it, but last year or so, IDn cars prototypes were reviewed favorably.

They have good brand visibility. Like Apple. I won’t say that their product isn’t differentiated, but it isn’t offering much that’s spectacularly divergent from other brands.

Teslas are seen as a status symbol in the Bay area for some reason.

Because the brand is built around being sexy, and buying a car is an emotional purchase.

https://www.thedrive.com/supercars/4626/scientists-tell-us-w...

https://www.citnow.com/us/blog-us/building-emotional-connect...

In the US it’s the far superior charging network. This is about to change however as other brands are granted access.

I think the problem is price. Traditionally VW has been cheap, reliable cars that are almost as good as the 'fancy' brands, but for a lot less money. However when it comes to EVs, the ID.4 costs just as much a Tesla model Y and I guess when given the choice between a VW and a Tesla for the same price, people choose Tesla.

Competition is coming for tesla rolls eyes

Reply on news.ycombinator.com