Replies to post #80742 on Tesla Inc (TSLA)

[1plus1]

With recession looming, tsla will drop below $200 this week

[Scumbag Fraudsters]

Great to see Tesla margins come down.

They'll NEED more sales to book the same revenue.

But Tesla's market share is shrinking - in the US and abroad.

Soon they'll also have to cough up big money for fines, judgments and/or settlements.

Most of that won't be coming out of the CEO's pocket, so who do you suppose will be on the hook for it?

Tesla’s EV market share fell from 72 percent in January-February of 2022 to 58 percent in the same time this year.

The big reason for this dip is pretty simple: competition. Other automakers are putting out stronger EV offerings in a market that Tesla used to dominate.

AutoNews says Tesla CEO Elon Musk has slashed prices considerably on most models. Despite his best efforts, demand is still easing.

June 28, 2023

Tesla's share in China's battery electric car market would shrink in the quarter to 13.7% from 16% in the first three months, while BYD and Aion, the EV band of Guangzhou Automobile Group (601238.SS), gained share

August 3, 2023

Tesla's (TSLA) electric vehicle (EV) sales in China fell more than 30% in July compared with June, data from the China Passenger Car Association (CPCA) showed on Thursday, as the company idled production while domestic Chinese EV makers gained market share with more-affordable offerings.

The decline comes at a time when domestic Chinese EV makers are gaining ground on Tesla in their home market.