Business Today’s Post

Improved Tesla performance in Europe but competition closes in - In September, the European #EV market returned to growth, while Tesla extended its advantage as the region’s best-selling plug-in brand. - Benefitting from an end-of-quarter delivery peak, Tesla increased its market share across the first nine months of 2024. - At the end of September, it accounted for 11.4% of all EV deliveries in Europe. This was 0.5 percentage points (pp) ahead of its result recorded in August. The performance will likely see Tesla secure its third EV best-selling brand title in a row. - However, despite this success, the brand’s competitors closed the gap compared to last year. In the first nine months of 2024, a market share difference of 1.4pp separated Tesla from its nearest rival. This was down from a 4.3pp lead recorded 12 months ago. The carmaker may, therefore, have a harder time replicating its success in 2025. Read the full analysis here https://lnkd.in/eEwNFT5Z #Tesla #automotive #newcars #sales #markets #BMW #electricvehicles

Could #BYD account for one third of #electric #vehicle (#EV) #registrations in #China during the first nine months of 2024? Did #Tesla increase its market share in the country? What was the best selling #OEM from January to September? To find out all the answers, read the article linked in the post below👇🏻

Tesla continued to lead the growing European electric vehicle (#EV) market, but its competitors have closed the gap. José Pontes, #data director at EV-volumes.com, reviews the data with Autovista24 journalist Tom Hooker 👇

Tesla's spring sale continues across, with prices dropping across Europe and in line with U.S. drops, as reported in ElectricDrives. The headlines: - Hot on the heels of a $2,000 discount on various models in the USA, Tesla has now cut prices in selected European, Middle East, and African countries. - The price drop seems to be in line with US discounts, with the Model 3 dropping from €42,990 to €40,990 on its German website. - The move comes as Tesla attempts to further push its inventory, after it reported a decline in the number of vehicles delivered. #evs #electricvehicles #emobility #sustainability #tesla

Tesla enthusiasm is maintained with the announcement of Tesla China sales on the first week of December, at 21,900 units. We can't compare this to last year's numbers, because they are usually not available week by week, but we can compare them to BYD's sales in China that week, at 85,000 units... which hardly justifies the crushing sound that Tesla pretends to hear. Looking back into November 2024 numbers (Tesla touted record sales of 73,490 vehicles, a 12% growth y/y), the reality is not rosy: the BEV market grew in China that month 29% y/y, so Tesla is losing market share even in the restricted BEV market, while the EV market grew at 47% y/y due to the phenomenal growth of 86% of the PHEV (hybrid EVs) market, which means that Tesla is losing significant market share in the largest EV market of the planet. Pretending you are having a great month when you lose market share used to be frowned upon by Wall Street. But we appear to live on the other side of the mirror now 🤣. Let us see how this unbounded enthusiasm evolves when we receive the full 2024 delivery numbers for Tesla and BYD!

❗ WEEKLY TESLA UPDATE ❗ 🥇TOP SELLER Tesla's Cybertruck is now the top-selling American-made EV truck in May, with 3,907 registrations, beating Ford's F-150 Lightning (2,353) and Rivian's R1T (1,237) according to S&P Global Mobility data. ☀️🔋SOLAR STORAGE DEAL Tesla secured a major deal with Intersect Power for 15.3 GWh of Megapacks for solar and storage projects through 2030, making Intersect one of the largest Megapack operators globally. 📉CALI SALES DOWN Tesla’s California sales dropped 24% YoY in Q2. However, Tesla sold 112K BEVs outside CA, up 5% QoQ and 24% YoY.

The new Model 3 with a range of 702 km (WLTP), really unrivaled in price and range in Europe. Acceleration of 5.2 seconds (0-100 km) and a speed of 201 km/h. 44,900 Euros in France. 6,000 Euros down payment then 528 Euros per month. 75 Euro/month estimated fuel saving. "With this range/price ratio other brands in Europe will have harsh competetion from Tesla, not from Chinese any more with additional tax." The only problem is that Tesla is the most profitable car maker in the world and It has not changed body of this model since 2017. #Tesla #EV

In August, Tesla's European sales experienced a significant drop of 36%, continuing a troubling trend for the electric vehicle (EV) market on the continent. Despite efforts by Elon Musk to stimulate demand through price cuts, discount financing, and minor updates to models like the Model 3, European consumers have increasingly turned to rival brands that offer newer models more suited to their preferences and local conditions. The drop in Tesla's sales aligns with a broader decline in the European EV market, reflecting a stagnant overall car market where competition is fierce, and consumer choice is wide. The decline in Tesla's market share, which began in March, has been steady and persistent, raising concerns among automakers about the future of the EV market in Europe. The latest data from the industry association ACEA highlights this ongoing struggle, with Tesla's sales matching the overall downturn in EV demand across Europe.

Tesla’s 2024 Delivery Results: A First Annual Decline Since 2016 Tesla has announced its delivery results for 2024, marking the brand’s first annual decline in volumes since 2016. Total deliveries for the year reached 1.79 million units, a slight drop from 1.81 million in 2023. The Model 3 and Model Y accounted for an impressive 95% of these sales. Several factors contributed to this minor decrease: The Model Y, Tesla’s best-seller, is preparing for a facelift, which impacted its performance in 2024. Tesla’s aggressive discounting strategy in 2023 did not yield the same results this year, as global competition intensified in key markets like China, Europe, and the USA. Despite the decline, Tesla retained its position as the world’s top battery electric vehicle (BEV) manufacturer, delivering 1.76 million units—outpacing BYD and other competitors. As Tesla gears up for the Model Y facelift and navigates a rapidly evolving BEV market, 2025 promises to be a pivotal year for the brand. #CarIndustryAnalysis #AutomotiveTrends #Tesla #EVMarket #CarSales #TeslaModelY #BEVLeadership #SustainableMobility

Tesla with double-digit profit margin again in Q3 2024. Yes, and it's still alive! 10.8% profit 25.1 billion dollars in sales (up 8%) 17% increase in net profit compared to the same period last year   Also pleasing registrations of electric cars in Europe rose by 9.8% in September. Purely battery electric cars thus accounted for 17.3% (up 2.5%) of the EU car market. P.S. I like Tesla not Elon https://lnkd.in/dmteC_KD https://lnkd.in/dPCA6Ujv #electric #vehicle #growth