Elon Musk's Tesla cuts prices in major markets as sales fall | BBC News
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- Опубликовано: 21 апр 2024
- Tesla has cut its prices in a number of markets - including the US, China, and Germany - as the electric car giant faces falling sales.
A price war has been intensifying between electric vehicle (EV) makers, with particularly fierce competition coming from Chinese firms.
And Tesla - run by multi-billionaire Elon Musk - reported a sharp fall in global vehicle deliveries in early 2024, and has been forced to recall thousands of its new Cybertruck over safety concerns.
Last week, Tesla also announced plans to lay off more than 10% of its global workforce.
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#Tesla #ElonMusk #BBCNews
$2,000 a Significant Price Cut? 😂.
BBC must work harder to report ‘significant’ news.
EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead
BBC and Tesla don't understand that it is NOT about the Price Cut. The car buyers are just not interested in Electric cars anymore because of the bad range when its too cold or too hot + long charging times ( when its too cold or too hot weather )
@@legolas7r that or tesla is not the only elextric car company
I think the biggest absurdity is the subscription based service for their upgrades.
For what? Full Self Driving? Does FSD come as standard with other vehicle (hint: nope). Don't want FSD, don't pay for it.
Maybe in the US, a lot of countries will just regulate against it
EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead
Corporate America, needs to keep the stock holders happy.
to me, the Tesla Model 3 is not a premium product hence will only pay £30,000 or less.
Fans call removing buttons /indicators/head-up display off the car as style, I call it cost-cutting 😀
I've not heard any tesla fans call it style but tesla repeatedly say it is for cost-cutting reasons. For example, they removed lumbar support because analysis of vehicle data showed that it was rarely ever used. Why include components that do not get used?
Your definitely right cost cutting
They been removing more stuff with new revisions
Why would a businessman alienate half of his potential customers in the US?
Correction: a majority of his potential customers throughout the free world.
@@Steven-vo4ee then why aren't those people buying his cars as well? Is Elmo going to blame DEI too? lmaoo
Why would half of America not want free speech?
@@the0ne809 I have no idea what you're talking about.
@@tommybinson Free speech doesn't exist on Twitter / X, it's still moderated and it's not the free speech [or lack therefor of] that's alienating potential customers, rather Musk's own [alt-right] outbursts.
And EV propagandists claimed Toyota would go the way of the Dodo. Look who is laughing all the way to the bank now on the back of Hybrids!
Hybrids like CFL lamps are a stopgap technology, they serve a purpose but will be made obsolete within at most two decades. I doubt "Toyota will go the way of the Dodo" no least due to their size and reach. Also good for them on capitalising on the hybrid market, I recall when they were derided for the Prius, now the same people champion the technology. Toyota should use the hybrid revenue to stay ahead of the game, for when hybrids inevitably fall out of favour.
@@Steven-vo4eeToyota understands the car market very well and when they finish developing an electric battery that gets 700+ miles on a single charge in 10 minutes you’ll see them producing them in the millions vehicles, which should be around 2027.
@@Steven-vo4ee You talk about 20 years as if that is a short time. You really think by then Toyota has not perfected the technology for EV? Toyota's main point is that EV technology is premature and infrastructure is not ready. Also, Toyota sells cars pretty much in every single country in the world. Compare that to Tesla and the ones who went EV too early who only sell in first world ones.
@@wander9642 Within 20 years pure BEVs will be cheaper than ICE, Hybrids or PHEVs, they will be the mainstay of the automobile industry by the middle of the century. New ICE vehicles [and their variants] will no doubt be niche by then.
I don’t believe Toyota or any other marque has ‘perfected EVs’, I doubt that’s even possible. ICE vehicles haven’t been ‘perfected’, despite having been in continuous production for well over a century.
And yes, 20 years is a relatively short period of time. To me at middle age, a five year period seems shorter than a single year in my youth.
@@Steven-vo4ee bet you didn't know the new hybrids from toyota like the rav 4 can get almost 100 mpg. and evs will always take 3 hours or more for a full charge. Also evs have range issues. Your brain is going the way of the dodo.
Somebody who just bought it two weeks ago is going to be super pissed.
Or any time in the last 3 years, the price drops have been hideous. Customer will have huge negative equity on their finance agreements.
@@Billywoo12 if they've bought a brand new car it has lost a lot of value with or without discount as soon as they drive it off the parking lot.
@@MrLaughinggrass not if you buy the right brand with a good resale value. I bought a sub and it’s lost only 1k in value and that’s the miles I’ve put.
@@MrLaughinggrassand it’s even worse if the manufacturer decreases the sticker price, which Tesla just did again 💀
This has happened MULTIPLE TIMES, esp. with the high end models (Plaid). Which were bought by the super Tesla fan early adopters. Which Elmo Muscovy just completed fucked over and alienated.
there goes previous tesla buyers their car lost value 50% after it leaves the. dealership. Had they bought a Toyota Rav4 Hybrid instead they would have been enjoying a $5,000 increase in value!
Gonna get even more bumpy. There is no more brand loyality.
well yea but in this case u have to earn brand loyalty as opposed to crapping on your customers every chance you get....
Most tesla owners would only buy another tesla.
Who needs that garbage anyway
@@Dale-11 that was the case 5 years ago but virtue Signalers now have other options.
How about the customers that paid way too much? Tesla is way too unstable for me and most people
The price cuts hurt existing customers whose cars are overnight worth far less.
Anyone who buys a new car has paid way too much.
BYD is better
He should stop pissing off potential buyers and stop sucking up to far right losers who will never buy his cars (they hate EVs).
By far right you mean anything left of you then? I suspect you probably think the same of Jordan Peterson? Perhaps it’s you that has trouble with opinions that differ from yours? Ever considered it might be you with the problem?
@@sticky70 Jordan Peterson fans are like vegans or cyclists. They can't stop themselves from mentioning it at any opportunity.
@@sticky70 oh sweety. Jordan is far right, you are the one being delusional here. Sad state of affairs.
@@GolfWhisky Of course they hate EVs. Their oil baron masters have told them to.
“ everything I don’t like is far right”
How to tell everyone cnn owns your tiny mind.
Wtb a car thats just a car.
I don't need a TV, heated seats, and a smart fridge that can play Skyrim in my car. -.-
Also why TF are cars so bloody massive suddenly? Every truck on the market suddenly thinks it needs to be the size of a H1 Hummer for no reason.
That's just American idiocracy at play and corporate greed.
Large cars can be classified as a "light truck" in US motoring law, which don't have the same emissions regulations as "private vehicles".
I'm happy with roll up windows and a manual transmission.
i just remembered the hummer when you said it, i remember in like 2005 being a kid and thinking they were so cool lmfao
Lada
He fired employees and now slashing prices. People will be mad. Even worse are former employees who had bought Teslas then got fired before they finished paying off those vehicles. 😂
Tesla Depreciation is huge. The price cuts devalue the cars you own. It is a slap in the the face of current owners.
It is, I have a friend in Australia with $40k negative equity! 2 year old Model 3 performance, finance owing $85K, value $45k! He will never look at them again.
A 2000$ discount will not make buyers run out and buy a car. The discount should be 10,000$ minimum 💯💯💯💯💯
Everyone else should do the same no one can afford these stupid prices 2k is still no where near enough tho 😂
EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead
Only 2000 in two countries. How is this even news. Seems like an ad for tesla.
Because if you look up news on Elon, its going bad on every front and this is simply another nail in the coffin.
They have dropped 30% in 3 years. That's more of a problem!
I once wanted a Tesla, I'm glad there's more options now
You're a fool. Awful quality control
BYD I like
it is truly amazing how fast the bots are with the comments
Bought and paid by Elon
Says the bot.
@@Cryaboutmyhandle Oh oh. Sounds like it's reaching self-awareness.
Examples? I can't see any in support of tesla
@@nsbd90nowikr
Wow 2k will make a big difference 🤦🏽♂️🤣
It may be enough for the monthly payments to fit a person's budget, or for the credit itself to be approved.
Theres 2 million of them, only a cuck that can't do math wouldn't think it's not a lot
They have dropped 30% in 3 years globally - this is a problem! @@thearousedeunuch
NOT
Cut Elon not prices.
It sounds like you paid overprice for your Tesla😂
Cut the man behind the biggest car change since Henry Ford 😂 delusional.
You wait till self driving cars then the robots 🤑
😊
Elon is a genius
I won’t be buying a Tesla car or stock anytime soon. I don’t trust Elon Musk.
Why
@@sojajose9886 Tesla is overpriced, EV’s market is saturated and Elon is a habitual liar and emotionally unstable.
I hate Elon
EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead
😂😂😂😂 who cares grandpa
I love the fact that the prof has a substantial drinks trolley just off to the left of the screen 👍🏻
That's just what we can see. 😂😂😂
Could go a shot or two.
I wonder how much Elon's toxicity is affecting sales. It seems he is at war with his core consumer.
It's a significant factor, the removal of the stalks from the S, 3 and X are also driving away potential custom, however Tesla shares are overvalued regardless.
...he needs to lay off Twitter...X...whatever. Seriously, guy is a multi-billionare who is addicted to his own stuff
@@MusehanaH he even cosplays as a child under another account.... seriously sad.
Just cut workforce too
That after leaving California for a more favourable business environment in Texas. 😂😂😂
A $2000 price drop is not particularly newsworthy, you can get any brand of car on sale for at least that much off at the right time of year.
Maybe release a smaller version for Europe, not a sedan
@@santostv.Cybertruck will never be sold in European markets, it cannot comply with the pedestrian safety regulations and is far too large
I doubt it even has a real future in the North American market, it’s too niche a product.
BYD dolphin
Who would buy from Fascist Motors? He’s firing workers to pay his $50 billion annual pay package.
That's a truth
I think elon is just a businessman and he lacks empathy for other's
That word. I don't think it means what you think it means.
The entire workforces jobs will go if he doesn't run it like a business and instead runs it as a charity just to employ people.
Fascist Motors? Are you talking about the German car brands like BMW, Audi, Porsche and Mercedes that supported the Nazi's during WW2?
How about increasing fit & finish quality???
German or Japanese have quality and finish. That's not the MO of Tesla
Price cuts everywhere except the UK. Where peoples real income is falling…
I know, talking of price cuts, cheapest model 3 in UK is 40k, which is like 50k USD.
It's a joke lol
@@EvilijoUK Prices are determined based on market clearing price. UK has different market clearing price to USA. Same reason iPhones are more expensive in UK compared to USA
Real income is falling all over the world...
@@defaultdefault812 Its much worse and more prolonged in the UK (than say the US)
@@mrakronyahoo Hey those yachts won't pay for themselves!
Well there's competition
That will compel Tesla to make cheap cars. I think they flopped when they decided to go with the robotaxi instead of the cheap car
No one seems to be able to answer if FSD cars will be entitled to the autonomous upgrade when it becomes available. Or will it be a separate purchase????
Tesla has had people fooled for a while now, but all the Hype has caught up with them . People are starting to see Right through them now.
And still,can’t give them away
I am an owner, and their cars are becoming miserable to own. I had paid for FSD (Full Self Driving) and the recent version 12 update disabled cruise control in my car. I no longer have traffic aware cruise control in my car. Just absolutely wonderful. They also removed the ability to call the service center to save money. I used to tell everyone I know to buy a Tesla and now I tell everyone to NOT buy a Tesla.
Bigger demand for hybrids now and Tesla has none
Tesla has a tired line-up with nothing new coming
A boss who want his 56 billion pay reinstated whilst laying off staff and shares price tumbling
You do realise he doesn't take a salary? Only stock incentives.
this is Tesla Vs Chinese Government..... totally uneven playing Field
This is China having more highly skilled engineers than the US by a factor of 10:1 and having much better supply chains. They have tonnes more capacity and capability.
Bll Clinton started the Globalization act and eventually made China the World's factory. Companies from the west came flocking to China and the Chinese learned new technology because of them. And now, China is striking back, competing with the forces that helped them grow... That seems a far fetched attitude to me..... Always learn from the people that taught you and made you grow....or else....
I was expecting this years ago. Amazing it has gone so many years until the inevitable happened.
Buyers may have realized that Tesla cars have quality of being disposable.
an ev is too extreme for most situations . tesla is missing out on the hybrid dollar .
The only way to win back confidence in Tesla is to get rid of Elon Musk.
Tesla might have been a much better product had not Muskrat bought his way into he business and started interferring.
No. Get the right logic and reason. The Chinese are the best in solar panels and batteries. They produce the best EVs now and they are not expensive. With the sanctions on Russia by Europe, China found a great market to sell their tech. They have flooded Russia with these cars which are super beautiful. Some European countries are now eying them. Therefore Tesla has no option. Germans understand these well. That was one of the reasons the Chancellor visited China recently where they talked of Chinese 'over capacity'. Again, China has a friendly relation with countries in Africa where they get the minerals for their batteries. They see Africans as partners and not 'nobodies'. China is building capital based projects, infrastructures that Europe out off arrogance neglected. The tide has changed so Tesla has no option. Watch out what India will do to the aerospace soon.
👍👍👍👍
@@SawSaw-zd1cyyou said the right story
@@SawSaw-zd1cyindia has already got well established native car companies like Tata motors Mahindra motors etc amd also German motors us own company ford BMW etc
Many reports from inside and outside China indicate growing cost of living problems are impacting people and businesses. Unemployment in China is a major problem, political import restrictions are not the only factor causing economic problems.
Buyers regret has spread wide throughout California
Isnt this good? All this talk of inflation, more company should cut their price.
2000 bucks discount hardly makes a difference.
And the BBC still has beef with Elon after that Twitter interview.
pretty sure i saw this anchor somewhere else
Here’s hoping the Cybertruck comes down in price too
My money is on it being discontinued long before any other current Tesla model.
@@Steven-vo4ee Yeah agreed. By the time they respond to all the problems it will be cheaper to recall and refund the lot.
Walmart is selling tricycles, with a grocery basket on it to carry bags, and Newport approved golf carts, like the villages in Florida, but new england has4 seasons, and bike lanes in the roadways are for 2 wheelers 😷☕🇺🇲😮
The fact is most tesla haters have never even stepped foot in a tesla, alot of jealous people tbh and I really hope the stock price drops more I definitely need more! Please remember this comment in the next 5 years 🤝
Just because you have something that is expensive does not mean people are jealous of you, especially when they would have to downgrade specifications, build quality and running convenience to acquire a Tesla. At £39,990 in the UK at least very few people can afford to step a foot in to a Tesla. Most people aren't Tesla haters but indifferent to an expensive car especially given the minimalist specification. I would not buy a car without an in front instrument display and simple things like that available in far cheaper ICE cars exclude the basic Tesla. Very little in a Tesla to be jealous of. Most people just do not care about EVs and the price cuts are meaning losses for the companies rather than any sign that this technology is becoming affordable. Tesla show no sign of the affordable car they promise and the ever erratic behaviour of Musk really does not do the company any favours. The EV bubble is bursting not through hate but indifference to an overpriced and tricksy product.
@@michaeld5888 tesla makes a profit on every car it sells what on earth are you talking about? they have nearly 30 billion in the bank with no debt, the last quarter which was poor for them they still made 21billon in revenue 😂
And for affordability you can lease a model 3 from the tesla website for as little as £168+vat. My old x5 was £60 a week in fuel now it cost me £4
@@michaeld5888 not to mention they are one of the fastest cars on the road but more importantly they have the safest car rating too. The sound system beats 99% of all cars, the computer system is 2nd to none it's not even fair to compare tbh, no service, no tax. Wait till full self driving happens in the next year, 25k brand new car start selling end of next year.
I've had alot of nice ice cars in the past when I first heard of tesla on top gear 10 years ago I thought bullshit crap cars ect, did some research you'll see nothing competes value for money and I'll never go back to one again ice.
@@Dale-11 There is absolutely no evidence whatsoever of a £25,000 Tesla starting next year beyond marketing puff, even if Tesla do survive which is not a certainty. The current ones look spartan enough inside so the mind boggles what they will strip away to cut costs. I know full well from my camera hobby a good rule of thumb is if you cannot buy it now it does not exist and never will. My new ICE car is far better specified than any of the Teslas which are entirely out of my price range anyhow. Enjoy your Tesla but stop trying to make us all buy one and love them as most of us are just not interested even if we could afford one.
@@michaeld5888 you can lease a model 3 from tesla website for as little as £190+vat so I would say it's affordable to most working adults tbh, as for them going bust gd luck with that close to 40 billion in the bank and no debt. (the robots business will make far more money than cars in 10 years)
Most tesla haters have never been inside one. I had a x5 fully loaded great ice car but after one test drive it was like going back in time 😂😂😂
The only plus in ice cars is that they can drive 500miles without stopping(cost £150 in fuel) , my does 300miles (cost me £3-4) free in the summer with solar panels or tesla superchargers £22 and that's more than enough me for 99% of the year.
trying to sell cars in the country you hate with the economy you want to collapse doesn't come off as a sound strategy
Hahahhahah, global recall of the cybertruck, now this. What a genius.
The cybertruck is only sold in the USA (so there is no global recall). They recalled less than 5000 vehicles. Toyota has recalled 2.3 million vehicles due to an identical issue with the accelerator pedal. Thankfully Tesla issued the recall early before they sold millions
I test drove a model y and and ioniq5. Ended up buying the ioniq5. Not a big fan of the simplicity of Tesla and having to use the screen for everything
They must with all the recalls and issue, why are people still trusting? There is a city here in the US, (can't recall which) that are using Tesla Cop cars now...
Do you Trust Toyota? They recalled 2.3 million vehicles due to an almost identical issue with the accelerator pedal. Fortunately Tesla addressed it early so they only recalled ~4000 vehicles
@@OBWAT
Toyoda can recall 5 million or more of Tundra/Tacoma and or Camry = Made in USA, Get it done = same by Workers in Assembly Line that CEO get paid a Million Times more than them... While as Toyoda and/or Honda Subaru = the Owners CEO salaries not more than 500 times the Workers.
There would be a Line up of Loyal Owners of the Honda/ Toyoda/Subaru/ Nissan/ Mazda waiting for Orders to arrive at the Dealers they ordered.
@@carmencajayon937 I'm struggling to decipher whatever point you are trying to make. Are you suggesting that any loss in public trust resulting from recalls can be offset but having a CEO that is paid less and workers based in USA? Makes no sense to me.
You realise Musk isn't paid anything by Tesla and only receives stock options if the stock hits certain targets determined by the board and shareholders?
Sony and Nissan were the first companies in the world to create EV cars equipped with lithium-ion batteries, but they were not popular in Japan due to their high price.
Later, Toyota created a hybrid car, and hybrid cars became mainstream in Japan.
Although lithium does not emit carbon dioxide, it causes serious soil pollution.
Quantum engines are the future of cars.
I suspect that the fall in quarterly deliveries was as a result of compound effect of Q1 being generally lower than Q4 and that the poorer EV market in China is mirrored in the downturn of the real estate market. In spite of putting on a brave face by the Chinese government, consumers in China are voting with their wallets and curtailing their discretionary spending reflecting a deeper grass roots concern about the economic outlook.
Thank you, for the update.
I thought Teslas were investments???🤔🤔🤔
😂😂
To pump and dump the stock? Yes for the rich who got into it first.
Since when? Cars rarely make good investments
@@OBWAT I build custom cars and I’ve never thought of them as investments. It’s money pit and that’s it. You be amazed how many dudes spend 80k building a car and get angry when offered 50 at most for it. They are a depreciation asset.
Why would a toy car be an investment. It’s a battery with wheels. I have Lego technic set that is now different. Just smaller.
Next is intel and AMD after the completion of 2nm chip , the last will be AWS.
Challenge for Tesla: Make an affordable vehicle with all the basic functions for less then $10k.
Ev is dead. Too expensive and takes time to charge. My time is vital.
Charge overnight. Wake up with a full battery. Can't do that with an ICE car (unless you have a fuel station at home?)
He has to do good marketing techniques or tools to achieve hike
Agreed. Should be priced like toy cars.
In May 2012, after a Nissan GT-R crashed into a BYD e6 taxi in Shenzhen, China, the electric car caught fire after hitting a tree killing all three occupants. This winter of 2023 in the united states stories of people found dead & stranded in their electric vehicles was a wake up call knowing now that the limitations of EVs can threaten your life September 13, 2021, a Chevrolet Bolt caught fire in a private garage in Cherokee County, Georgia, USA. The owner had either been unaware or simply ignored the recommendation to park outside
No one has been found dead in a stranded EV..
Hybrid baby is to go Mr Akio toyoda he is the genius
He could give me one for free and I still wouldn’t drive it
Because you don't drive?
@@OBWAThe doesnt have license
I certainly will drive it so you can send yours along to me. Thanks
@@Loneranger670 He doesn't have a car. Or a driving license
@@OBWAT all the more reason to send it to me 😂
End child slavery. Ban EV'S.
Those eyeglass frames, though! 🔥
Yeah and they say plastic bags are a problem…
@@oo0Spyder0oo huh?
Lol when you realize the cut was just $2,000 🤣🤣🤣
The only major car company hesitant to sell cars in Africa.
So that means teslas should have never been that expensive, its kind of sad that they sell cars way above the materials and assembly costs, We the customers paying the premium to make their end of year figures look good. Especially us in the UK >.>
Not to mention the low-hanging fruit of the profit world like data mining and sales, monthly subscriptions, and declining service requests.
Tesla make profit on every vehicle sold. This reporting is lazy and purely to make us watch it. Look at there profits! They have just released FSD in the US, however no one is reporting on it
The way the Chinese are building EVs, at a fraction of the cost, with essentially the same quality, there is just no way anyone would waste money by buying over-priced Teslas. Already, the demand for EVs is waning and the costly ones will just remain unsold.
With real estate, buy, then wait. With new tech, wait, then buy.
This is all Rowan Atkinson's fault😂😂
Not sure why anyone would want one of those horrific cars but hey, some people just plain naive.
2000 euros???? Boooo hooooo!
I would a like a truck that goes rusty and doesnt like being washed. Said no one ever.
Who would have thought all that hype
For the Love of our Toyota Hybrids.
35 years ago the prediction was that the EV revolution would stand on the shoulders of Hybrids.
The argument might be stronger if it focused on how investing in the Cybertruck, which has limited appeal due to its US-only availability and low sales figures (under 4,000 units), might have detracted from potentially more profitable ventures such as launching a new car or updating existing models more significantly than just facelifts. Many customers who previously owned a model may switch to a different brand when their lease ends if the same model hasn't evolved significantly. To retain brand loyalty among car enthusiasts, it's crucial to offer new and innovative models regularly, providing fresh options for customers looking to upgrade. This could keep them engaged with the brand instead of seeking alternatives.
Tesla has the highest retention rate of any vehicle brand so I'm not sure how you came to that conclusion
Thanks to BYD and Chines car manufacturers breaking the Tesla monopoly. Market competition is always good for consumer. Low price and better quality. it is just like smart phones today we have many good options with reasonable pricing.
Tesla is history.
Well, half the world doesn't have electricity 24/7, so it makes sense. As a matter of fact, here in South Africa, where Elon comes from we still using carburetors
Tesla should have build a 15k car that charges in 15minutes , with a range of 450miles .. now that’s how you beat the competition, instead they build a gimmick called cyber truck.
Why would anyone want to buy a car which we know is going to cost a lot less in a few weeks or months.
I’ll stick to my rav 4 hybrid….5 litres per 100 km and RELIABLE!!
This is a classic trap and the only way out is for Elon to sell Tesla to larger car manufacturer
I'll never buy an EV
so deadly for thr environment.
petrol for me
Yes, petrol is great for the environment! 🤦
Tesla could've just built cheaper options. Their existing customers aren't going to be happy.
These EV cars were only ever really a viable financial proposition if leased as they depreciate in value too much, and the service or parts are just expensive. Its a never never HP job.
As the person who is trying to understand English, I wonder if the voice of the anchor is the standard British accent. I could not understand at all.
The BBC really don't look at the bigger picture when it comes to Tesla.
I'm far from a Tesla fanboy but the production efficiency at the factory allows Tesla to slash prices without losing profit to gain market share.
As for the Chinese, their strategy in Europe isn't really in full swing at the moment. The cars may be cheap in China but need to be cheaper than the current prices are in Europe. The public's brand knowledge isn't good enough and there is no real incentive to go for their products over more well known brands. BYD sell older designs with the Atto 3 and Dolphin with only the Seal being a real competitor in the market.
It is my belief that the Chinese are only just dipping their toe in the European market and will only come on song when factories are built in Europe and they have better marketing knowledge of how to sell to Europeans.
Tesla are so far ahead in design of software and efficiency and make profits from superchargers and batteries for home wallboxes as well as their other interests in aerospace and robotics. They also sell the best selling car in Europe, the Model Y, by a solid margin.
Falling sales are due to many factors, for example the terrorist attack on the Berlin factory or how Tesla delivers vehicles per month.
Invariably the trend in terms of momentum is increasing market share and Tesla and the Chinese will be the beneficiaries.
The legacy makers will have to merge with Chines brands and some may well be taken over as they become less relevant. They have taken too long to adapt and are already behind in production efficiency, software design and knowledge of EV Drivetrain efficiency.
Great job BYD
BYD deliveries down 43% since Q4 2023. All vehicle manufacturers are struggling in this market
Competition is good for consumers. Monopoly only milks you dry
@@OBWAT BYD deliveries are not down. 43% is only from previous quarter comparison. Due to Chinese New Years, that quarter is ALWAYS get a massive drop. You need to see Year to Year comparison, not quarter to quarter. Watch next quarter, BYD sales will skyrocket because Chinese New Year is over and public goes back to usually shopping habits.
In the first quarter of 2024, BYD sold 626,300 vehicles, a year-on-year increase of 13.44%.
@@OBWAT Look at car sales over quarters and you'll see all manufacturers have lower sales in Jan and Feb. Standard, normal sales volume fluctuations. YoY is the only variable that counts and they're up nearly 15%.
Elon failed to contribute to the Nikola Tesla museum in Belgrade?
Companies with cheap cars 😂 will suffer a huge loss , as companies you must think of of the future
Cut prices to make sales as his vehicles aren’t selling
Tesla model Y was the Best selling carmodel on planet Earth in year 2023 😊😊
Tesla model Y was the Best selling carmodel on planet Earth in year 2023
Tesla model Y was the Best selling carmodel on planet Earth in year 2023
@@mikafiltenborg7572false ccp bot. If you remove the forced buy and government. It’s the worst selling in world.
@@Cryaboutmyhandlewake up, dude
I hope BYD comes to USA. They have amazing car designs and also they are cheaper and more affordable. Tesla designs look all the same and very simple in the inside. Chinese market is growing super fast at electric vehicles. Selling 3times more than what Tesla sales.
EVs crashing while Ebikes are going up 😂
e bikes are powered two wheelers. They should be subject to regulation just like ICE vehicles.
@@davecooper3238 they are.
@@BenState As a long time U.K. motorcyclist I can say that the regulations definitely aren’t the same in the U.K.
EVs are not crashing. Sales of EVs and ICE vehicles are falling as interest rates make them more unaffordable, but EVs are continuing to take market share from ICE vehicles
If you purchased a Tesla 1-3 years ago, anywhere in the world, you are going to be really upset. Finance agreements will be worthless, with huge negative equity. Tesla better have a retention program to keep customers. A friend of mine in the Australia is having to deal with $40k negative equity!
Same is true with just about any EV. Take a look at the depreciation on a porsche EV over a 3 year period! You'll be down over $60,000!
Tacans have taken a real hit. BMWs seem to be ok?@@OBWAT
You may think that EV saved the petrol cost. However EV got low resell value in second hand market. When the battery is aging the car worth nothing.
Seems to me that EV in the accounting book is not an asset. It is an expense - an expenditure item and quickly depreciated to nothing.
1. Range anxiety
2. High repair cost in particular on battery
3. High depreciation due to Tesla cut price rapidly and low resell value
Current generation batteries will outlast the cars they're installed into.
@@Steven-vo4eecorrect, the batteries should easily last 200-300k miles, how many of you drives ICE cars with that kind of mileage??
@@EvilijoUK If you ever listen to them they apparently go 800 miles every day without stopping so must rack up 200,000 miles pretty quickly!
To be honest, any car that isn't a limited edition Supersports Car will depreciate in Value rather quickly, a normal car loses 25% of its value in the first year and will loose 50% in the next 3.
Please, make sure your guest speakers' audio quality is on par! This is unacceptable and ruins the whole experience. You are BBC!