Toyota Sales SURGE While Tesla Misses the Mark: Here's What's Happening!
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- Опубликовано: 16 май 2024
- ( www.alltfl.com/ ) Check out our new spot to find ALL our content, from news to videos and our podcasts! Automakers are reporting their first-quarter sales results, and there's a major shift toward certain vehicles in the data, while others -- namely EVs -- are slowing down from past years. That shift seems to be hurting all-EV manufacturers like Tesla, though those that poured resources into hybrid vehicles, like Toyota, are seeing double-digit increases over this time last year. Tommy and Andre break down the details in this report!
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For most people hybrids are a perfect blend. Toyota is the king of hybrids
Stellantis has hybrids?
I hate to agree but yep
Hybrids are the worst of both worlds
Hybrids where ok pre 2019 old tech, I had a Prius now a Tesla hybrids make no sense. Might as well stick with a normal engine. You will never recoup the price difference from normal gas engine to hybrid.
You guys love Toyota highly sus your not sponsored by them basing Tesla every moment you get usually same tactic good cop vs bad cop
Unbelievable. Consumers want reliable transportation that's economical and inexpensive to maintain. If only other manufacturers focused on this.
You’re calling the 4Runner economical? 50k plus. Maintenance on electric is tire rotations and tire replacement every38k in my experience
@michaelpartridge3723 averaged over the lifetime of the vehicle it definitely is. Check back on the resale in 10 years and 150K miles against any ev. You can't give away used evs.
who would of thunk, lol
People like myself, don’t want overly complicated electronics, screens, and safety nannies. Just give me a vehicle like the “old” 4Runner.
@@michaelpartridge3723I’ve own 2 4Runners. I got 65,000 and 80,000 miles on Michelins. Bought them At Costco, rotation and balance is FREE every 7,000 miles.
My local Toyota dealership has about 10 new cars on it's lot. That doesn't mean that their not selling cars. Most of the the new cars are already sold before they reach the dealership.
Hate to hear it
Bought a 24 Toyota Corolla Hybrid LE for 22k OTD l! I have 893 miles with first full tank of gas! $30 full tank and loving it. Toyota surely knows how to make a hybrid!
This is exactly why I'm not nervous about how they proceed with the 4Runner. I'm good with my 2020 for at least another 10 years. But, I am interested in seeing the improvements in the Tundra overt the next 4 years.
I rented a Crown XLE with the base hybrid drivetrain for a week. I could not drop the average MPG below 42 mpg. The highest average MPG was 48 mpg which was impressive for a large midsize vehicle priced at $42K. Very quiet and good performance.
I've been hoping to get one of those! I haven't seen any with National yet.
Just ugly
After all this time 50 to 52 mpg is the best any auto maker can do?
@@COSolar6419 If 80% of vehicles sold achieved 40+ MPG, BEVs would be a hard sale as they are generally more expensive than hybrids and the charging infrastructure for mass adoption is simply not there.
@@chrispnw2547 New technology isn’t ever mass adopted overnight. Light bulbs needed power lines built. The first automobiles needed highways built. The first cell phones needed cell towers built. High speed internet needed fiber optic lines built. The charging infrastructure for electric vehicles is being built as the number of EVs increases.
My Dad always say......." STICK WITH TOYOTA son........"
Dad must be boring person
@RigginTheRod010
....LOL maybe........BUT DEPENDABLE LIKE TOYOTA thou
@@RigginTheRod010 Boring? Pretty sure Never bored waiting at the shop to get a car fixed. Your kinda boring is different than those of us who worry less. 😎🔧
@@mbaktari8194 Your dad must be from Japan. There are plenty of dependable and reliable products that offer better daily experiences for the same money Toyota is demanding. Y’all keep paying a premium for the perception of lasting forever just to switch the old out with the new every 4-5 years.
A plug in option for the Landcruiser, Tacoma, and/or 4Runner would be sweet.
Agree.
The future for the next 5-8 years will surely be plug in
Tesla is struggling because:
1. The majority of people that wanted one, got one.
2. The vast majority of the public can't afford one.
3. Insurance on Tesla's has gone up significantly due to their repair costs.
4. Most people don't live in a location where charging is easily available.
5. Most people don't like Elon Musk.
6. Quality control issues.
7. Government incentives and rebates have gone away in many states and provinces.
8. Poor resale value (market is flooded currently).
Toyota is prospering because:
1. The majority of people can't afford to buy a new vehicle every 2-3 years anymore, so they are having to compromise and ensure what they DO get is something they can keep for possibly 10 years and work well (reliability).
2. Hybrid is a seamless option to get better fuel economy and it's not that much more $.
3. Insurance is lower.
4. Good quality control.
5. Brand reputation in general.
6. Dealer network for servicing.
7. Good resale value. Always has and likely always will.
8. Supply parts stock (reduced wait time for repairs vs Tesla).
Best comment of the year.
my full coverage insurance via tesla on a brand new long range model y with 500 deductable, car rental, and increased bodily damage is 150/mo. The 3rd party insurance companies are gouging people, but if you insure directly via tesla (why wouldn't you its so easy) is way cheaper
Spot on.
Nicely said. To say Tesla’s sales are down due to Elon’s antics, are simply missing the mark on market dynamics. It really comes down to #1 and the inability of the EV technology to “cross the chasm” of technology adoption lifecycle. Didn’t Ford just cut EV production? Didn’t GM dealers tell GM that they wanted more hybrids and less EV’s? Isn’t Mercedes Benz having trouble selling their EV’s?
Saying MOST people don’t like Elon, is a massive stretch. Half of the people love him now but the half that loved him a few years ago can’t stand him currently.
Approximately the same number of people likes him today as liked him a few years ago. He just swapped the half of the population that likes him vs dislikes him. Unfortunately for Tesla the half that started liking him now doesn’t buy EVs. 😃
Love the quarterly report videos! Keep them up please!
Bought a Tundra hybrid last week. Big dealer discount and 2.25% interest.
2024? I was looking in December, but couldn't find a Crew Max with a 6.5' bed in a Limited trim. Got a 2020 F150 Lariat with 12k miles and all but 1 option I wanted from the Tundra.
BOPSE(Brotherhood Of Properly Spelled Eriks) sends its greetings.
@@leechburglights trying to find a Tundra CM w a 6.5' bed in a Limited trim was a thorn in my side....but I eventually did grab a '24 with those features and it even had the TRD Off Road package....no easy task
Sorry to hear
I feel like Toyotas results are simply due to an increased supply. For most models they sell as many as they make, so sales figures are really just dependent on the supply.
It's true, Toyota has been suffering from their inability to build cars quickly enough...whatever they build sells in seconds.
What a problem to have
going to pick up my new RX this Friday :) waited for 4.5 months
An interesting bit on the Supra, there are none at dealers. There is not a single new Supra for sale within 500 miles of me, and I am in California where we have a metric ton of Toyota dealers. As far as I can tell, they aren't building them.
I drive a petrol car for the moment but i am considering, in the future, to replace it with something more economical. And it is going to be probably a hybrid and not an EV. It make more sense for a a variety of traffic condition, you are not dependent of the charging stations , and it has good fuel consumption/power. it can be a Toyota, Hyundai and so on. My problem with Tesla is that : a ) why do I need such a powerful car for day to day driving? b) I can really see any service/dealer on the road. If o have a problem with the car what is going to happens? But for the moment this are still rhetorical questions. The sound of a powerful petrol engine is still the best coffee in the morning.
👍🏼 love the video. I enjoy a nice hybrid but I’m going diesel!
Toyota here saving us again!!!!! Thank you!!!!
As much as I like to dunk on Tesla, we have to bear in mind that Toyota suffered greatly from supply chain issues due to the "pandemic" (which, the pandemic didn't cause, our ridiculous reaction to the pandemic caused the supply chain issues).
Exactly my point in my comment. 2022 Q3, Q4, and 2023 Q1, Q2 were way down due to supply issues. I'm sure they may have been as high or higher had supply chain not been a factor.
All brands were suffering from supply chain issues, including EV producers. Toyota was nothing unique. The dust is just settling, and the market is correcting for the overexuberance for EVs. At the same time, there's really nothing more typical than a $25,000-$45,000 Toyota. No matter the direction of the wind, that's what the market wants.
Once the hydrid tacoma drops, i expect it to pick up more sales.
Agree.
But then many are saying hybrid on Tacoma isn't for fuel economy but power, same as Tundra. We shall see.
Toyota should have made the Supra Hybrid!!!!! 🤣😂 Toyota is laughing 😂 all the way to the bank 🏦
Great overview, guys. One thing worth noting is that you are looking at Toyota's U.S.-market delivery summary. During the overview, you then look at Tesla's GLOBAL delivery summary. All of your points are valid, but comparing the numbers that Tesla offers (globally) incorrectly significantly inflates the brand's apparent volume when you are discussing just the U.S. market. Keep the great stuff coming.
It also doesn’t show market issues - ie was Tesla up in USA but down in other regions? Was Toyota up in US but down in other regions?
My wife has her 2022 RAV4 hybrid and loves it! 40mpg on a small 13gallon tank can last her two weeks solid! Great job Toyota 🙌🏼
I prefer plugin hybird , 🤷🏻♂️
Way to go mr supervisor tommy this year your doing outstanding with the leadership role by the way how have you never done a long term review of a RAV4. Bud
Andre, what are you getting in place of your Colorado? I saw the video with you and Nathan about selling your vehicles
In another video he said he wanted full size. Found the Colorado/midsize too limited for space.
I second the vote for full size for Andre, moved from a 2018 Colorado to a 2024 Silverado. Wanted more room for the family on road trips.
I traded my 2017 crew cab Colorado, which I loved, for a 2019 crew F150 which I love even more simply because of the interior size. I can totally understand his reasoning.
This month I'm about to get a Subaru Solterra, made by Toyota. Chalk another one up for Toyota Manufacturing of Japan.
Discounts EV incentives (B.C. Canada) and 1.5% over 84 months is hard to say no to.
Actually, it's easy to say no to a new vehicle 😬 Always cheaper to buy a used one.
Unless Tesla's loses shifted to other EV manufacturers, I seriously doubt a significant portion of those loses were due to Elon Musk. I think most people who want an EV have one and that is catching up with Telsa now.
EV sales of Hyundai, BMW, Ford and others suggest otherwise.
Q: Were Tesla numbers global and Toyota global? I ask as interesting things are happen in some of the global markets and the Tesla numbers seem to be global and Toyota is North America only.
All Toyota sales slumps is all due to the BS dealerships put consumers through.
Another point you forgot to mention. The Tesla has more competitors in the EV segment and some people are not interested in an bland and boring design. For example, in our market, the EQE, i4 and ID7 outsells the Model S, the EV9 and BMW iX outsells the Model X and the Enyaq outsells the Model Y to date in 2024.
Agreed
What market are you in? In the US they are fire selling cars like the iX and EQE. Massive incentives they just sit on lots
Toyota officially said Rather than replacing one of the 100 internal combustion vehicles with a BEV, replacing it with 90 HVs that can be made with the same battery capacity can reduce co2 by 30 times. One BEV battery is equivalent to 90 HVs.
@TFL When you say a manufacturer 'sold' X number of vehicles, does that mean they shipped (sold) them to dealers, or are these actually sold, registered and titled, to end buyers?
Great question - it may vary by brand where Tesla is t sold until delivered but most other brands it’s sold when the dealer receives the car from the manufacturer and may be in inventory.
Years ago, when Chrysler was in bad shape (what else is new?), Chrysler reported as sold those vehicles they crammed down the throats of dealers. Other brands counted "sold" as actually sold to a consumer thus Chrysler falsely made itself look better. I'm interested to know how it's done today.
Toyota has to do well in the US market they were way down in the Chinese market where 48% of all vehicles sold in Q1 were EVs.
I’d love to pick up a 4Runner but the prices are 10k more than a year ago…to rich for me
Not surprised about Tesla, their quality control is disastrous.
There’s better built EV’s from other manufacturers.
Keep in mind that last year (2023), Toyota was hindered by a parts/component shortage caused by covid in 2022. They throttled down the production of nearly every vehicle and that is clearly seen in the quarterly number across the board for Toyota. The huge jump you're seeing is most likely due to the lower numbers last year. Also, do not discount the fact that it is the last model year of the 4Runner after 14 years of production. People who love these vehicles are likely trading in older ones, or getting into a 2024 so they can enjoy another 10+ years of quality, and reliable ownership.
No wonder 4Runner sales keep growing, may be people like myself buying 4Runners for entire family?
Toyota has two plug in hybrid models in their entire fleet. Until very recently they didn’t actually manufacture very many of either. Two years ago we wanted a RAV4 Prime but after a year of waiting we gave up and bought an Ioniq 5. We have been very happy with it. The media EV hysteria seems vastly over inflated.
As long as the gas prices are below $4 per gallon nationwide, the gas cars will sell. When the gas goes up to $6-$7 we will see a different picture. The reason Toyota is selling better than the other gas car makers is that their products are more reliable. With prices of a new vehicle so high now, the consumer is looking to buy something which will hold on longer. This is a trend which will continue to exist for some time.
I disagree. People will find vehicles with better fuel economy.
Good to see people increasingly rejecting EV's
So the reason Toyota Tacoma sales dropped so significantly (70 percent) was because it was a redesign shift into production but Teslas (7 percent) sales drop when shifting over production of their second most popular model was due to Elon? Yeah right….
New Camry will begin customer production next week.
A small but not insignificant percentage of people that bought Tesla when they were the only game in town are less interested to buy another one with more competition and the rhetoric
I think Toyota is kicking butt because they are the only company that didn’t jack up the prizes. Tesla really has no new vehicle so no need to buy and sell.
Toyota didn’t jack up the prices? Well you clearly haven’t seen the Tundra and Tacoma prices then. The most expensive trucks on the market are the Toyotas.
@@is6566 Base price Tundra is $38,500
@@is6566 Toyota trucks have always been the highest priced trucks because of the longevity they are known for.
Ev's will always be held back until there's enough charging infrastructure so that apartment dwellers can use them (no home or work charging)
We can thank Build Back Better and the empty promises and lies argued for 2 years ago. Zero has been invested out of the $1.9 Trillion... Not one station! Nothing. Leaving America to their own choice making, they will always chose to save during an economy of 8-13% inflation.
Here Here
You also need cheap/free electricity, expensive gas, warm climate and most importantly continue government subsidy/tax credit to justify EV's.
It doesn't matter how many public chargers you produce. Most apartment dwellers aren't willing to wait around for an hour or more every few days to charge their EV at an expensive "fast" charger. They'll just keep their ICE vehicles that takes 4 minutes to fuel up once a week.
This is the whole flaw in thinking over public charging investment. It's not the number of chargers. The tech still isn't there for it to replace ICE.
In most instances, I agree on that. But the more chargers there are ( especially lvl2 cheap types), the more the convience factor will rise. I can see charging for an hour while at the grocery store or at some other errand location.
Will be very interesting to see what happens with Ram REVolution vs Ramcharger.
You're right about Musk's rhetoric. That's the reason I crossed Tesla off my list. I'm sure I'm not alone.
Did he hurt your feelings?
Range anxiety is not an issue with a hybrid. Elon’s mouth is an issue.
Evs are wack
Gangbusters is the word of the day at TFL today
I drive 23 rav4 and many times I see rav4's in front, rear, right and left of me going in a diamond pattern on the freeway. Lol. A reason why I paid extra for xse trim to be bit different but it's still the rav4. 😁
You're still an NPC driving that boring thing
@@RigginTheRod010 Coming from Lexus IS350 yeah, it's bit boring but it's my commuter. Can't beat the 40+mpg in SoCal traffic though. Besides I don't change car often, so I'm set for next 10~15 years as long as I don't total it or dramatic changes in EV market. My 2nd getaway car is lifted 2007 Tacoma with over 306K+ miles and I'm an original owner. So all good for now.
I think people are really worried that the new 4runner will be too big of a departure from what it is, I.e.maybe no roll down rear window, turbo 4cyl, might not be made in Japan, etc.
@8:47 "I think most of the LCs are bought by our friend James"
Blue cars are my weakness! :-)
I think part of Tesla being down is rental fleets are no longer buying them bc of the upkeep.
I'm no Tesla fan. Drove one of those POS for almost a year, but I think people don't want to buy a Tesla when the refresh is just coming out and they probably weren't available during the time of the decrease of sales. People that want those crap cars probably want to wait for the 2024 models. Also, since Tesla is opening their network, people are probably choosing other vehicles now that they have more of a choice. People are also choosing hybrid because there just aren't enough charging stations. Building of stations isn't keeping up with demand.
Automakers went too mainstream too fast on EVs, the market for $40-50k EV midsize crossovers is saturated, the one for luxury lifestyle EV pickups just isn't there yet. Meanwhile the bestselling legacy-automaker EV last year was the Chevy Bolt and they discontinued it.
The 4Runner is a cockroach, and that's why people want them.
The 4Runner is up because people just want stuff that works and makes sense
Completely agree with TFL as far as elon's antics. I was planning on buying a Tesla before Elon got involved in politics.
It would be great if you spent 20 seconds reviewing ALL car manufacturer sales for Q1-24.
We would see that most BEV manufacturers are suffering… especially startups.
Legacy manufacturers ain’t doing well either.
BYD went down significantly from their high in Q4-23.
Considering the intro of a new model 3 (ramp up!), a terrorist attack in Germany against Tesla, Union issues in Scandinavia, the inability to move cars from China to EU due to the Houtis. It’s not great but not a total disaster.
The ramp of the cybertruck is to be expected due to all the new tech implemented… I find it hard to understand your logic regarding the cybertruck NOT selling well?!? And in the next sentence you say they are hard to get!?!… with over 2,000,000 reservations… please explain your logic.
-BYD is up year over year, Tesla is down.
Year over year
BYD Q1 2023 (264,647) vs Q1 2024( 300,114 (+13%)
Tesla Q1 2023 (422,875) Q1 2024 386,810 (-8.5%)
-The Model Y inventory in the US has been at all time highs for at least a month now, this is a demand issue.
-A similar situation with the Model Y in Europe.
-Even with the potential issues Tesla may have had with production because of Unions, the attack in Germany, etc. Tesla still managed to over produce by nearly 50,000 cars for Q1 2024.
-The only real excuses Tesla currently has is that they are supply constrained in the US with the Model 3 as the switch over to highland is taking longer than expected.
This is clearly a demand issue, and one of the reasons why after 6 years Tesla pulled Ads from Facebook, they restarted selling ads on that platform as well as RUclips to try in entice more buyers.
Came here for hyper sensitive comments from Tesla Cultists.
Not disappointed.
I just drove past a train storage yard in Bensenville Il and there were hundreds of new Tacomas stretching for blocks.
Those that want reliability and simplicity will buy an old design. Toyota knows this which is why they don't do refreshes every other year. Add to that the claim to fuel efficiency with high gas prices, and it's not hard to see why people buy them.
I get 43 mpg in my 2020 Camry hybrid on fast So CA freeways. Just wish Toyota prices weren’t at such a premium else I’d swap my Ram diesel for a Tundra or 4Runner.
The model y sales is slowing because many are waiting on the new version. Also, everyone want the cybertruck. If Tesla is able to make 250k a year they would be up.
I said a couple of months ago that Toyota and their hybrids will steam role everyone. It's starting to happen.
Agree
The 4 runner is up 70% because nobody wants a turbo 4. LOL.
or they dont want all the electronics
WRONG, PEOPLE WANT TURBOS
What the hell is wrong with a Turbo 4?
What the hell is wrong with a Turbo 4?
@@user-tg8do2kr4v You want turbos. For the majority of those who expect their 4Runner to last 350,000+ miles with little or no issues, they don't want turbos.
My 2015 Lexus RX450h gets an average of 29 mpg in town and 33 to 35mpg on highway.
Just keep it under warranty as its complicated to diagnose and repair.
@musoui Awesome! How many lbs are you towing and towing what type of trailer?
are those toyota sales numbers compared to last year? because they were not getting any cars last year. I had to buy my lease, because I waited a year to get a new model to replace the lease last year, without success. so I'm sure their sales numbers were way down last year.
The numbers are compared to the first quarter of last year - Q1 2023 vs Q 2024. In total, Toyota sold 11.2 million vehicles worldwide for 2023.
I’ll buy an electrified vehicle eventually, but it will never be a Tesla.
tesla missed their mark because of new model 3 production isuses. all white interrior orders are delayed in US.
Akio Toyoda "haha told you so!'
Im not buying a vehicle with a turbo or traditional CVT. Currently have a Highlander with a V6, but the new Highlander's turbo 4 takes it off the list. Dont like how Honda/Acura's 3.5L v6 is still sporting timing belts. What is up with that Honda? This makes options very limited with the RAV4, 4Runner or a hybrid with a eCVT as options.
Turbos can be a good thing. At elevation and you can mod them to run on ethanol which runs cooler
@@iskdude9922 I don't live at elevation and if I wanted a faster vehicle, I would buy a faster vehicle.
@@iskdude9922can be? How about NEVER WAS. 😂 MAN people sure have short term memory issues
All the Tesla fans already bought and overpaid for their vehicles, the rest of us can’t be convinced to give Elon musk our money.
I think cars 🚗 maker of the world 🌎🌍 are making a mistake 😭 when does Toyota start making hybrids 20 some years ago Now everyone try to catch up the Toyota it is probably too late
No one seems to be talking about the Tesla Phantom Braking problem. I like Teslas and have been considering changing from my Toyota to a Tesla Model Y, but I draw the line at safety. The phantom braking is a deal breaker for me and I don’t have that issue in my Toyota. I experienced phantom braking in a past Nissan product we had and I vowed never to get another Nissan product especially because of the phantom braking problem. Toyota reliability can’t beat that peace of mind.
I've never encountered that, must be only using FSD which I don't have.
People used to talk about Tesla phantom braking all the time, so less conversation about it likely means its not a big deal anymore. In the 9 months I've had mine it only braked once without any explanation. It has braked hard a couple of other times but for both of those i understand why it did.
@@EwanM11 that’s good to hear. Prior reports indicated that it happens mostly in long distance driving using Tesla’s version of cruise control on sunny clear days. Out of curiosity has it ever happened to you at night? Most people think it is because of glare in front of the front camera, since Tesla does not use radar anymore, obstructing the front camera might be a problem?
@@jraguilar86 ive never had a problem at night. The two problems i know about, once was coming out of a tunnel into bright sun, the other time a freight truck strayed into my lane.
@@EwanM11 thanks so much
I'd be interested in the Tacoma sales going forward to see how the market accepts those. I would have loved to buy a new one with a 6-cyl or 4 cyl engine but nix'd that idea when it came out with a turbo 4cyl only. Nope, don't want that. I also don't want a hybrid model. Maybe that's why the 4-Runner is selling like gangbusters? Right now I'm thinking of buying a new Camry before the 2025 'hybrid-only' platform comes out.
Toyota hybrids are great!
The 4runner 70% increase is misleading, look at the sales numbers for all years, 2023 was anomalous and low compared to 2022 and before. it looks more like they were just able to get manufacturing recovered to normal, not additional demand
You are right my friend. This so called 70 percent sales boost don't mean anything. Rivals of the 4 runner like. wrangler sold 38.308 while the bronco is 24.066 .4 runner rivals have crushed the 4 runner.
I have 2 Teslas, 2 GMCs, and a Chrysler (yes big family)... Teslas are great vehicles, but I do live in CA where the gas is high and infrastructure favors EVs. But hybrids are the best all around value, best of both worlds for most. But Elon Musk vowed to reduce EV pricing, and he is doing that. Now, at least some used EVs will be affordable for those who want them. I personally can't wait for the Ramcharger HD!!!
Tesla is doomed and was never intended to be a big player in cars over the long haul. 10 years and they'll be non- existent. Toyota knew this would happen and sat back and watched.
I drive an FJ Cruiser with w/230K miles on it and even I know none of that is true. The best-selling car (EV or ICE) on Earth...is a Tesla Model Y.
Fads COME AND GO. 🍿 people who got them got them now.
If someone needs a mid size truck, 3row SUV, there is no affordable EV option.
We will NEVER buy a Tesla. End of story.
Early Ev adopters live in Delulu land now it’s pain in the as$ to find a charger which works and tesla also has own limitations they don’t do any mass manufacturing of Trucks & Suv’s segment which controls 75% in US markets instead they just eat some market share of Japanese economical cars.
Model Y - a SUV - was the most popular SUV in the world by sales last year. Tesla not only has a place there it is number one in sales in the SUV segment for a single model.
@@chrisbuczeksmith8289 Suv that can go extreme 4x4 off-road I’m not talking about Jacked up Sedan with Extra 2 Seats & Awd
Everyone wants a Supra but they're just too expensive for the demographic.
Maybe we've hit peak EV for this decade? Nothing against them specifically, but they just don't make allot of sense for most consumers at this time. TOYOTA saw this several years ago and played it right with their hybrid strategy. ICE powered vehicles will disappear when they're legislated out of existence.
EVs are surprisingly easy to own as long as you have a way to charge at home. If you can meet that requirement, they are so much better in almost every way for most people most of the time. EV maker need to maybe go back to more physical controls though. I think the crazy software turns a lot of people off.
@@TheScottShepard - There is definitely a use
case for an EV. However, it is quite limited as of
2024. Perhaps in ten years it will make more
sense to more consumers? I think the government should ease up on their mandates
and let the market adopt or not adopt EVs.
@@TheScottShepard I would agree with this. However in many of the older rural towns in the north east, people don't have driveways. They park their car on the street and don't have access to plug in their vehicles. Our family homested is in a town that was incorporated in 1895. Cars were not part of the plans and many pepole don't have garages. My sisters don't have the money to run electric to the garage that is over 100' away from the house. Hell they can't afford a new or even a used car. I would never let them get something electric as their only parking is 20 feet across the street. Truly, this is the case for millions of Americans. I just don't see how things will ever go to being 100% EV.
@@TheScottShepard They're not easy to own nor are they better for most people. They're expensive and have very limited use case. Unless you're rich, have a high tax liability that can apply a tax credit to, drive many miles a year but don't drive long distances at a time, and if you have a garage charger and cheap electricity rates, EVs aren't going to make any practical sense.
@@allentechpt9026I would amend your statement in a couple of ways. They're not easy to own if you don't have access to electricity where you live. This may be the majority of Americans. I don't have the statistics though. The cheapest gas cars are much cheaper than the cheapest EVs, and the cheapest EVs like have an unreasonably short range. If you can afford the average price of a car in the US and you have access to electricity where you park, then an EV is practical. Otherwise it's a waste of money. Ask your community to install electrical outlets in the parking areas.
Tesla's path resembles that of Nissan Leaf.
Nothing wrong with the Nissan Leaf
economy is down and tech layoffs.
Tommy,where is YOUR EV.
Because they are not supras.
And this is why
Cathie Wood's New $80 Million Tesla Bet
Brighter with Herbert
Cathy wood dont know crap...
I used to think I wanted a Tesla but Elon went insane so now that I can actually afford an EV, I’m going Rivian.
But but “toyota gonna be like KoDak” Remember those original comments? Oh wait theres still more using that comment.😂
Tbh I like the rav4 power train no turbos very simple but the interior to me feels super cheap
Tesla had logistics issues that drove inventory higher and numbers lower. During the Red Sea incident, Tesla kept producing units instead of hitting the pause button, which will show in the next quarter's sales. They had a terrorist attack that shut down a whole factory. China sales were off because of the New Year and its an historically slow sales quarter, yet they still trounced BYD.
Model Y inventory is at all time highs in the US, demand related. Europe decline was demand related because they have had high existing inventory as well. Tesla did decrease output slightly to try and meet closer to demand but still over produced by nearly 50,000. Model 3 is supply constrained in the US as Tesla is currently trying to optimize Fremont to push out Model 3 Highland units and is taking longer than expected to complete.
Year over year, BYD Q1 2023 (264,647) vs Q1 2024( 300,114 (+13%). Tesla Q1 2023 (422,875) Q1 2024 386,810 (-8.5%)
Also, Chinese New Year hits BYD harder than Tesla because BYD doesn't currently have access to the North American Market.
@justin9152 Tesla revamped its inventory system, so there is no easy way for the public to count accurately. The Highland M3 is constrained by by switchover and caused the Osborne effect on the current M3 sales while more people are awaiting the redesign. The ONLY reason BYD numbers went up was because they're flooding the market with numerous models and cheaper models which goes nowhere and also the reason for the decline. Cheapness. At the Chinese annual consumer fair, their product had some of the highest number of consumer complaints.
-Teslas inventory system hasn't changed since early last year. This system has never been 100% accurate, but has allowed some analyst to be within +/- 3% error over the last few years. The Model Y excess inventory was actually higher than what most predicted.
-The Model 3 production at Fremont was low. It was much lower than they could have delivered because they still have people waiting in line to get the Model 3 Highland. Not exactly Osborne effect as the Model is in production, the issue is backlog as they are having production issues on this Model at that factory and can't get them to customers.
-Glad we can agree that BYD numbers are up regardless of the reason.
Inventory is interesting - all reports have indicated that Tesla has less than most everyone - Toyota included.
@@chrisbuczeksmith8289 For Q1 2024, Tesla’s Days of Inventory has increased to 27.82, based on a new inventory level of 143,462 unsold vehicles. Being that Tesla sells direct to consumer, too much unsold inventory can become a real problem real fast as they can't offload to dealers to keep factories open and running while determining a strategy to move the unsold units. Toyota and Tesla use different sales models so days of inventory in this sense isn't comparable.
This is the least surprising update ever. It was a matter of time before all the fanboys get their teslas and then sales start to drop because 1) They cost too much 2) The charging infrastructure is STILL trash 3) The tech is improving so quickly that in 5 years they'll be 1000 mile ranges and your 300 mile range rolling ipad won't be worth spit. Stocks been a joke and remains a joke.
Toyota throwing money at their two prong marketing campaign is paying off, 1) boost HEVs and 2) slow telsa EV momentum in US. Amazingly this stop gap strategy is working.
Elon antic's? One of the best CEOs in the world.
We have a 2023 Rav4 Hybrid and a 2014 4Runner. Happy with both vehicles for totally different reasons. Rav4 great gas mileage and still room to haul people and stuff. 4Runner terrible gas mileage not a great car...great off-road and towing our trailer. Many people love the old school reliability. We can't wait to get a 2025 Land Cruiser or 4Runner turbo hybrid. Toyota has the technology to do it right. Eventually, we will replace our 2012 Fusion Hybrid with another Toyota (plug in hybrid). We are Toyota FanBoys now. Once the charging infrastructure is fully in place, electric vehicles will become more mainstream.
@@kurtburkhardt5862 I agree with you, but we've waited over 2 years to see even one Build Back Better electric charging stating. $1.9 trillion just wasted and we saw nothing from it. I doubt the infrastructure is coming anytime in the next 5 or 10 years.
I’m picking up my new Y today ✌🏼😎
Congrats!
Someone will buy it from a used car dealer in 2 years for half what you paid for it. Maybe less.
@@eriknephrongfr8847 I was going to buy used, but people are asking too much in SoCal. I think it depends on where you live.
I just bought a 4RUNNER last week. Gotta have the V6
I don't think its Elon so much as people are deciding to go back to the tried and true. And why not? During this last bitter cold snap it seems alot of EV cars had alot of trouble. Meanwhile old school tried and true kept working. Also people are tired of the EV thing being shoved down our throat. It almost feels like the political branch is shoving the EV down our throat by force.
It's probably the market hitting It's saturation point. Everyone who wants an EV has got one.
Man. I wish I could get my hands on a 4runner!
You had to just plug the “Elon’s rhetoric/antics may contribute to slow sales” Cmon man, that’s what Dems in Boulder would def say.Everyone that can afford/want it already bought them 💯.