The declining sales is a concern. Was curious though so I looked it up and Tesla is currently selling more than Volkswagen, Ford, Rivian, Mercedes, and Toyota combined. Interesting.
The big dog is BYD though. Twice as many as 2nd place Tesla.
The big dog is BYD though. Twice as many as 2nd place Tesla.
"But it's high margin", sure it is, but so is Ferrari, and their P/E is 30-40.
But it is stunning that legacy automakers are sticking to fossil fuels.
They also know that this means that the EU will push the target date for the end of fossi fuel cars.
Indeed. Global 2024 data shows Tesla selling about 1.8M. EV's only by that group of automakers comes to around 1.5M. Toyota and Ford are hybrid-first, not EV. VW is the only legacy automaker that comes near Tesla's EV scale. Mercedes prioritizes margin over volume. Rivian is capacity-limited.