Quote:
Originally Posted by chedder
Ford sold 4.2million vehicles and GM sold 6.8 million in 2020. Tesla sold half a million or 4.5% of the two giants number.
Global auto sales are around 64 million vehicles. Of that, Tesla is less than 1%. I know Tesla sales growth has been incredible. I just don't see them being anything but a niche, yes trendy, automaker. They definitely can be a profitable, trendsetting, technology leading company that will benefit the ev space in the future. Market cap currently has nothing to do with number of cars on the road.
I think very soon companies like VW and the American giants will be selling the lion's share of ev's and their luxury brands will start to chip into Tesla's dominance.
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Well by end of year Tesla will have sold about 900,000 vehicles and probably more soon. Stellantis waited too long to get in the game and I predict they're waaaay behind by the end of the decade
VW has big plans to knock Tesla off the top of the EV market by selling 1 Million EV's by 2025. That ain't going to cut it as many analysts have Tesla pegged for 1.3M by next year (which is more than triple last years numbers). Demand isn't dropping for Tesla at all as they've been completely supply constrained their entire existence. When was the last time you saw a Tesla advertisement? 1.2 Million people gave Tesla $100 to put their name on a list to buy a Cybertruck. I'm not naive enough to believe that they'll all turn into orders, but the Ford lightning only has 130,000 reservations so I'm not sold that there's the same demand elsewhere.
If EVs don't take off like they look to, you'll be right. If they do, GM and Ford will be behind the curve a fair bit. GM only recently started investing in battery development and production and Ford is still looking for battery sources for future vehicles. Tesla owns most of their supply chain including much battery production and component sourcing. While that's still going to be a source of supply constrain, they'll be in a better position to weather it than the big boys who are still going to be relying on foreign vendors to supply them with batteries