Scary headlines are misleading. Being first meant that Tesla captured nearly 100% of EV sales. Now that there are reasonable competitors in the mix, it's only natural that its sales volumes will regress to the mean over time.
Markets also aren't zero sum- if the overall volume of EVs keeps rising then competitors entering the market don't necessarily mean your volume drops, as they could be taking a slice of the increase in overall sales.
I also find the headline and tone very catchy, perhaps biased. But this company has been so over hyped, even Musk himself recognizes its market valuation is ridiculous and that he would advise holders to sell.
EV will continue to grow as a hyper competitive market, as Elon said there is Tesla and 9 other makers, all Chinese, in the top 10. I wish Tesla the best but century old car makers are also in the race and aren't just retarded business aristocrates employing sub-par engineers.
Tesla's figures may continue to show poor results, car makers opex are massive, we may not see Tesla deliver any vehicle ever again by 2025 end. Not a wish, but those figures are a disaster for a company that should rather see healthy spikes in the expanding European EV markets.
I see nothing scary in headline, it is a pretty straight fact.
For comparison GM’s PE is 5 and Ford’s is 12.
So when the company, whose stock is so expensive compared to others in the industry, and is predicated on taking the world over with their cars, doesn’t grow as expected then yes it is indeed scary.
Even if I could buy a Tesla for $19K and it did 800 miles per charge, I wouldn't, because the control system alone is beyond terrible.
I don't like Tesla's leadership (Elon) but I disagree that the product is bad; everyone I know who owns one (including myself), is happy with it, and it's still far more popular than other EVs. Not my favorite EV, but they got a lot of things right.
You make it sound like HN is a forum for Tesla shareholders. Or Tesla short sellers. If you think Tesla is overvalued then short it instead of adding contentless noise and rants.
The oil lobby on the other hand...
https://alternative-fuels-observatory.ec.europa.eu/general-i...
Secondly, if you scroll down, Tesla is #1 and #2 from January to October 2022. Chances are they were not delivering many vehicles in October 2022 due to the nature of the import cycle at the time, hence the numbers in the month of October-only were low.