Dr. Michael Schwekutsch’s Post

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!

The move comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year. A price war has been intensifying between electric vehicle (EV) makers, with particularly fierce competition coming from Chinese firms. Tesla is due to report financial results for the first quarter of 2024 after the US market close on Tuesday. #us #tesla #ev #cars #automotive #carindustry

🚀 BYD Soars to New Heights as Tesla Faces a Crucial June 🚗🔋 🚗 In May, #1 BYD recorded 314,000 registrations, its second best result ever! BEV sales grew 22%, but PHEVs really shined with a 54% YoY jump, setting a new record with 172,000 units delivered. Meanwhile, Tesla's 140,000 registrations marked a slight increase after months of decline. June will be crucial for Tesla to gauge 2024's trend. 🌟 #ElectricVehicles #EVs #SustainableTransport

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

Electric vehicle-maker Tesla’s sales in China climbed to a record high last year. Sustaining that performance in 2025 could prove tricky as competition with homegrown players intensifies, analysts said. ➡️ The U.S. electric vehicle maker saw annual sales in China jump 8.8% to a record high of more than 657,000 cars in 2024. In December alone, its sales rose 12.8% from the previous month to 83,000 units, according to Tesla China. ➡️ However, Tesla has been losing market share to Chinese new-energy-vehicle players, down from 7.8% in 2023 to 6% in the January to November period last year, according to Bill Russo, founder and CEO of Automobility, who believes Tesla is “struggling to keep pace [with domestic rivals] and has a limited and aging product portfolio.” Read the full story here: https://cnb.cx/3W2SYO0

Despite China’s overall economy coming down with a bad cold last year, its EV companies are still raring to go — and even upstaging the world’s most valuable auto company. Tesla reported its first annual sales drop in over 10 years, while its biggest Chinese competitor BYD posted annual sales that comfortably beat expectations. #EV #Tesla #BYD #thedailyupside https://hubs.ly/Q031cD7q0

#Tesla reports record sales in China. #US electric vehicle maker Tesla said on Friday that its #China sales rose 8.8% to a record high of more than 657,000 cars in 2024, as Reuters reported. This strong performance came in a competitive market during a year when its annual global deliveries fell for the first time. Read the full story at https://lnkd.in/dZ2nS_94

Quarterly BEV Sales: Tesla vs BYD China’s BYD made waves for outselling Tesla in Q4 2023, prompting many to believe that the once dominant EV king would fall further behind in 2024.  However, figures for Q1 2024 are now out, and they reveal a dramatic 43% decline in BYD sales from the previous quarter. Meanwhile, Tesla reported a slightly less painful 20% drop in sales.

Tesla Inc. achieved a record-breaking sales performance in China, surpassing 657,000 vehicles in 2024, reflecting an 8.8% increase from the previous year. This impressive growth highlights China’s crucial role in Tesla’s strategy, accounting for 36.7% of the company’s global sales. Despite this success, Tesla faced challenges globally, with total deliveries dropping 1.1% year-on-year to 1.79 million vehicles, marking its first global sales decline. In December, Tesla’s China sales grew by 12.8%, with 83,000 vehicles delivered. However, the company faced tough competition from local automakers like BYD, which saw significant growth in global EV sales. In response, Tesla introduced incentives, including discounts and zero-interest financing, to maintain its foothold in China’s competitive EV market. #Tesla #ChinaSales #ElectricVehicles #EVMarket #BYD #GlobalSales #EVGrowth

Legacy automakers are still paying Tesla for regulatory credits because they aren't selling enough #electricvehicles. BEV sales are growing globally. Many establishment OEMs have increased sales. But laggards are still buying a lot of ZEV credits. Tesla's quarterly report yesterday stated: "We also recognized our second highest quarter of regulatory credit revenues as other OEMs are still behind on meeting emissions requirements.” Despite these trends, some automakers have delayed their BEV production plans/targets. Will that be a multi-billion dollar mistake? Thoughts/comments? #Tesla #Sales #Technews #ClimateChange #CarbonEmissions #Automotive #Transportation #OilGas #FossilFuels #Sustainability #TechforGood #Futurism https://lnkd.in/gkKt6JYB