Posted on 04/11/2025 9:05:24 PM PDT by Cronos
Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric vehicles grew, according to data compiled by a research firm.
Car buyers are moving away from Teslas and toward models like General Motors’ Chevrolet Equinox electric vehicle, which starts at around $35,000 and can travel more than 300 miles on a charge, Cox Automotive, the research firm, said in a report.
Sales of all-electric vehicles in the United States rose 11 percent during the first quarter to about 300,000 cars and light trucks, Cox said, much faster than the overall auto market, which has been flat. About 8 percent of new domestic car sales were electric, Cox said, a slight increase from 2024.
“Despite many obstacles — and what you may read elsewhere — electric vehicle sales continue to grow at a healthy pace in the U.S. market,” the firm said.
Tesla, whose chief executive is Elon Musk, still sells far more electric cars in the United States than any other automaker, accounting for 44 percent of the market, according to Cox. But its share has fallen from 51 percent a year earlier.
The decline in Tesla’s U.S. sales mirror a global slump. The company said this month that deliveries during the quarter in all markets fell 13 percent to 337,000 vehicles.
Analysts attribute the decline to Tesla’s aging selection of models; poor sales of its newest one, the Cybertruck; increasing competition...sales of the Cybertruck have not lived up to projections made by Mr. Musk. Tesla sold 6,400 Cybertruck pickups during the quarter, more than double a year earlier, when the company was still ramping up production, but just half as many as in the last three months of 2024.
(Excerpt) Read more at nytimes.com ...
Violence works...
That crook Elon is using DOGE to expand his empire!
End sarcasm for the humor impaired.
I loved my EV golf cart for 15 years. Much quieter than gasoline carts, no tuneups, no trips to gas stations.
Gas prices haven’t gone down...unlike oil prices.
“The invisible hand...”
Law breaking Democrats keyed enough Tesla’s. They are just common criminals.
I heard a Portlander say exactly that, with anger, not humor.
* About 8 percent of new domestic car sales were electric, a slight increase from 2024.
* ...electric vehicle sales continue to grow at a healthy pace in the U.S. market"
Which is it? A "healthy pace" or a "slight increase"?
It that’s what he’s trying to do, he’s not doing a very good job of it.
End sarcasm again.
It is to be expected, as more manufacturers jump in on EV, that sales would moderate.
Useless for my job and 600km just to get to work.
Let’s face it... Teslas or any EVs still only make practical sense for one segment of auto buyers: urban drivers in relatively warm climates who can charge their vehicles overnight at home and can afford a 2nd ICE-based vehicle for road trips. Who are such people? Largely upper-middle-class liberals living in places like L.A. or San Francisco. Elon, to his credit, didn’t give a damn about alienating such folks when he decided to help Trump save the country... but now, unfortunately, his company is paying a price for him dipping his toe into politics.
Eight percent of market for EVs compared to ICE vehicles. It’s not nothing but it’s also not huge either.
Gas prices is mostly determined by local demand. Refineries try to price their product to ensure 0 surplus inventory. If they raise the price, denand has gone up. If the price lowers, demand has slumped. If price is steady for a while, the sweet spot has been achieved.
TESLA CHINA SALES SURGE 177% IN MARCH—NEW MODEL Y FUELS DOMESTIC DOMINANCE
Tesla China just posted a 78,828-unit March, with 74,127 sold domestically, marking an 18.8% YoY and 176.8% MoM jump, despite ongoing Model Y transitions.
The new Model Y accounted for 49,029 units, a stunning 510% surge from February, showcasing strong local demand even as exports dropped to 4,701.
Tesla now holds 7.48% of China's NEV (New Energy Vehicle) market, and 11.47% of its BEV (Battery Electric Vehicle) segment.
China sold 991,000 NEVs in March, up 38% YoY.
Tesla is once again flexing dominance where it matters.
https://x.com/MarioNawfal/status/1910150747049845083?t=F2rs6HIBnmBgSgorMODVdg&s=19
I am not worried about Elon becoming homeless.
My daughter has an EV golf cart for horse shows which apparently sat in the trailer too long during the winter and yesterday and today they’ve spent hours trying unsuccessfully to get it going again.
The primary factor is that for years Teslas were babe magnets for lefty chicks. For this reason, 74% of Tesla buyers have been men. Not all of them were lefties but the vast majority were hoping to get lucky. Now lefty chicks with loose morals are pissed off at Elon and are no longer putting out for guys who own Teslas. This does not eliminate all sales but is good for a large reduction in demand.
So once again hard-up guys with pickups, Mustangs, Corvettes, along with European and Japanese sports cars are able to again get action from lefty chicks. What guys is going to buy a new Tesla that is likely to lose half its value in the first 5 years if he is not going to get lucky?
Well, it’s also inevitable that Tesla is going to continue to lose market share as the rest of the auto companies start to catch up in the EV world. Tesla was kind of like Henry Ford at the beginning of the 20th century for a while, but now there’s competition legitimately.
You have a solid thesis there. I think you should apply for a government grant to further your research.
(Only half /s)
Would you buy an EV car from a company which made the Pinto or the Chevette? Or you would
buy a car from the same people who delivered the Crew Dragon capsule which rescued stranded
astronauts from outer space?
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