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OriginalCompetitive t1_iycy70f wrote

Reply to comment by Loki-Don in Competitors chip away at Tesla's US electric vehicle share by Sorin61

Tesla sales are growing at an incredible rate, something like 50% per year growth. By far the fastest in the industry. By comparison, many manufacturers’ sales are falling.

Tesla’s falling “market share” is simply the result of the fact that EV market growth is even faster than Tesla market growth. Most of the growth is in lower end vehicles where Tesla doesn’t compete.

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Loki-Don t1_iyd8ewl wrote

When you are only selling ~200,000 vehicles a quarter, the yoy growth rate is immaterial. VW (for example sells ~2.3 million vehicles per quarter.

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OriginalCompetitive t1_iydkd3y wrote

Your claim was that the decline was devastating to Tesla. As to that claim, Tesla’s fast growth is highly material. Whether VW makes more money is irrelevant to whether Tesla is earning money.

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FTR_1077 t1_iydowsx wrote

>Your claim was that the decline was devastating to Tesla.

To be fair, it's devastating to stock valuation.. how much that matters is relative.

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