Tesla loses EV market dominance, falls below 50% in US [unit sales in 2024Q2]

Yeah, genius thought that creating CyberTruk and turn full Nazi will expand his consumer base.
Sucks for real founders of Tesla, but hey, at least you helped bootstrapping switch to EVs.
- seriously, I think if Elon could just sit back and shut the fuck up about everything since the beginning, he could have went down in history as one of the greatest man alive.
  
  Apartheid Space Karen just had to go and call the Thai cave diver a pedo because his tech bro submarine idea was dumb as fuck, and his fragile ego couldn't handle the L.
- turn full Nazi
  He's a Nazi? Like, literally? What's the latest?
  Edit: we're discussing the down votes for this comment below. I'm baffled, because I'm merely asking for info. Please, if you want to down vote, reconsider, and consider replying to me why instead. 🙂 I don't care about the votes, I'm just curious why a simple request could be so unpopular. Thank you.
  
  He lets Nazis use his platform and calls it "freedom of speech", although this exact freedom is limited by the wellbeing of others. And promoting Nazis is harmful to not only minorities, but the society in my opinion, as they strive to split the society with populist arguments.
  
  Thus website doesn't like any opinion that is anyway different to theirs. They want the echo chamber.
  
  Nope. Lefties like to call any outspoken conservative a "Nazi" to discredit them. It's like when conservatives call lefties "communist." It's juvenile IMO, but I guess it works.

Good? Even if Tesla wasn't shit it's probably for the best if one company doesn't make up the majority of an industry.
And normally this would be good for Tesla as it'd indicate the industry is growing a lot. So even if they aren't most of it their total sales would probably increase.
- Surprisingly their sales have actually gone down YoY, and considering the hugely growing EV market, that is hard to do.
  
  Idk, the EV market has stagnated quite a bit, which is why used EVs are getting a lot cheaper. They just don't have the range for broad market appeal, so those who want them largely have them.
  It's still growing, but a lot of EVs are sitting on the lots longer instead of being a waitlist. Essentially, supply has caught up with demand.

Tesla will probably be a case study one day in how to get the lead in a market that is hard to break into and somehow squander it.
- the problem is tesla basically got in early and did literally nothing to actually innovate and improve
  
  They did that prior to Musk getting involved.
- Are we all pretending that the investment in Tesla was organic and for the company?
  You guys have seen the man with creepy world leaders. Multiple countries investing in and pumping Tesla stock to get favors from Elon is PRETTY BLATANTLY what's going on.

- I saw a KIA the other day that I was surprised looked as slick as it did. Decided to look into it and saw a lot of positive reviews from owners. Was refreshing to see, but definitely surprising. The market is definitely changing and evolving. Tesla isn't the only game in town.
  
  A couple of years ago KIA hired new designers and changed their logo, they basically turned from being the butt of a joke to one of the hottest car makers around.
  
  I have a friend who got a brand new EV6 and LOVES IT. He's the absolute last person I'd expect to love Kias, his previous car was a Lexus SUV. And he loves everything about his EV6 and would buy it again ig. So yeah, the company does seem to be different these days
- I have a 2017 ioniq hybrid and I've been happy with it.

This is not surprising. When Tesla started out they had not much competition. Now that all the other carmakers have entered the market it is much harder to maintain their lead. Tesla losing market share was pretty much to be expected and Musk alienating their customers and the laughable Cybertruck certainly did not help.
- When Tesla started out they had not much competition.
  Half the joke of the company was how they stepped in and bought a bunch of the EV-1's patents and plant infrastructure for a song, then spun around and sold EV production credits to the Big 3 auto companies so they could greenwash the SUV industry. Had GE simply kept turning out EV-1s, they'd have cleaned up during the late Bush Era gas price explosion. Instead, Musk got top dollar to churn out heavily subsidized sports cars while racking in government subsidies and deposits on cars that wouldn't be built for half a decade.
  Musk alienating their customers and the laughable Cybertruck certainly did not help.
  Americans have a downright neurotic fixation on big trucks. I don't think his Cybertruck idea was necessarily all that bad on its face. But he's so fucking slow, he's such a shitty product manager, and he was so heavily derailed by the promise of Robotaxis that Ford and Rivian beat him to EV Truck delivery.
  Now his brand new flagship vehicle is barely more than a punchline.

The lack of CarPlay/Android Auto makes Tesla a non-starter
- I honestly don't care about that. For me, it's price, both for purchase and if I ever need to replace the battery pack.
  Used Bolts and Leafs are right in the price range I'm looking at, and I only want it for a commuter, so I don't need a ton of range or a vast charging network. I imagine a lot of other consumers feel similarly.
  
  Imagine a $5-10k commuter vehicle with little/no fuel cost. You could have another vehicle for longer range trips if you need to.

Tesla's sales in the second quarter of 2024 fell to 49.7 percent of all US EV sales.
Unless the other 50.3% were of a single company, which i highly doubt, i fail to grasp how Tesla lost market dominance.
- They lost dominance because they aren't the majority anymore, just the plurality. It's not a hard concept.
  
  I think the statistical nature of the comment you're replying to kinda flew right past you.
  
  Their point was clearly that they are still the majority out of all other companies in comparison, just not the most compared to literally the aggregate of all other manufacturers.
- chinese EVs are cheap, plentiful and work just as fine as teslas
  
  And aren't for sale in the USA. If they were Tesla would have lost that 50% a few years ago.
  That said overall EVs are taking up a larger part of the overall market, so this is just a headline number. This was always going to happen as the other manufacturers started making competitive EVs.

This deserves a pay package in the billions.

Its all good, Elon got paid.
- If that was the cost of BEVs getting a toehold in the auto industry...
  ... Nah that still sucks, bad deal
  
  It was a joke. The fact he got paid for doing nothing to right what is a failing car company is a condemnation of the stock market.

giving elon another bonus should fix it
- I'm still absolutely flabbergasted they gave him that bonus. Like, legitimately, what success has the company had recently that was worth it?

I’m sure there will be someone to lick up Elon’s Nazi tears

Elon Musk Will Reinstate Neo-Nazi on Twitter https://lamag.com/internet/elon-musk-will-reinstate-neo-nazi-on-twitter
Elon Musk expresses support for antisemitic post on X, calling it "the actual truth" https://www.cbsnews.com/news/elon-musk-antisemitic-comments-x-post-actual-truth/
Can't send links to actual tweets as the site is terrible now and won't let me enter it without an account. The second link is notable for promoting anti-Semitic conspiracy theories, like the Great Replacement.

That’s crazy they had above 50%, though I guess they were the only EV-only company in North America (I believe?).

This is the best summary I could come up with:
"EV sales exceeded expectations during a record-breaking quarter," said Cox's industry insights director Stephanie Valdez Streaty.
Much of the growth in electric vehicle sales is due to new kit from General Motors, Cox said, with additional strong showings from Ford, Hyundai and Kia.
A recent study on EV adoption from Cox reiterates those points and predicts US car buyers are keen on electric tech.
Increased competition "is leading to continued price pressure, helping push EV adoption slowly higher," she opined.
2024 hasn't been a great one for Tesla, which has seen worsening sales declines, an arson attack, mass layoffs, fallout from the Cybertruck launch and more lawsuits than you can shake a stick at - and all that's before the troubles owner Elon Musk has caused for the company.
It's not clear how far that market share could dip in coming years as EV buyers begin to migrate away from startups toward companies with established histories.
The original article contains 638 words, the summary contains 156 words. Saved 76%. I'm a bot and I'm open source!
- arson attack
  😮 What? I missed some juicy news, I see.

Good, tesla looks like a shit.

My buddy at work just bought one and I am not impressed or at least it doesn't feel the same as the first time I sat in one about 5 years ago.
It looks cheap on the inside I noticed paneling off. The only thing I truly love about it is how quiet it is when he is driving. It is insanely peaceful and the car does look clean just cheap. It's unfortunate because they are good looking cars in the outside but damn they just aren't impressive when you are in one.
I wouldn't tell him that he loves it and if he loves it then he loves it.
- Subjective i know: on the outside it's just the model S that can compete to the same design level you get with that kind of money.
  BMW at the same price range are better designed for example
  Audi? Same
- I rode in a 3 a while back, and to me it felt like a futuristic econobox.

Choke on shit, elon - You little emerald toting fuck.

So is the shares increasing cause of the Chinese EV tariffs?

If I wanted a death trap I'd buy a Ford Pinto!
- Credit where credit is due, Tesla makes some of the safest cars on the road if we exclude the Cybertruck.
  
  What other company sells cars that self-drive themselves into fatal collisions?
  
  The cybertruck seems ultra safe for the driver. RIP to who gets hit by it, though
- Tesla Model Y 2024 scores near-perfect in IIHS’ crash tests