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Tesla electric car sales plunge again in Australia - Model 3 down more than 81 per cent (thedriven.io)

submitted 3 days ago by [email protected] to c/[email protected]

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Tesla sales plunge again in Australia in February, with the Model 3 slumping more than 81 per cent compared to the same month a year earlier.

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[–] [email protected] 4 points 3 days ago (1 children)

The trend is bad. I did some Google searching but can't find any quality public response from Tesla, which is concerning (if you're a TSLA holder). Still, I suspect Elon being this close to Trump will guarantee at least another round of pumping (subsidized cars, anyone?) before the end.

[–] Mitchie151 6 points 3 days ago (2 children)

Tesla is doomed in the AU market because Chinese competitors offer unbelievably better value for money as imported cars. The price to quality ratio is just so outrageously in favour of BYD, Geely, etc. that there's just no way Tesla is sustainable down under.

[–] GaMEChld 2 points 3 days ago (1 children)

I just saw this clip yesterday, how far ahead of Tesla they are is ridiculous:

https://youtube.com/shorts/uSfuOf8P_aQ

[–] Mitchie151 3 points 3 days ago (1 children)

Yep, Tesla's early agility and willingness to try outrageous things with the tech in the vehicle is what set them apart but they started a trend that China has gone running with. Now they aren't keeping up on any front and are way more expensive. Not to parrot the typical sceptic too much but I definitely think Tesla is massively overvalued and once people start seeing it as a traditional automotive stock in a market of very capable competitors, the correction will be devastating.

[–] GaMEChld 2 points 3 days ago

Oh absolutely, Tesla has been overvalued for ages, and their Quality Control is trash. I hear they can't even build with consistent tolerances between panels.

[–] [email protected] 2 points 3 days ago (1 children)

One thing Tesla has always stood out to me for was the self driving though. Do the cheaper EVs have car follow/etc at least?

[–] Mitchie151 7 points 3 days ago (1 children)

BYD have added autonomous driving to their entire lineup for free. 'Gods Eye' as they call it is SAE level 2 or 3 depending on the version which is on par with Tesla's full self driving.

[–] [email protected] 3 points 3 days ago

Just looked Gods Eye up and gawd damn I didn't expect it to be that. I guess I'll look into a BYD for my next car!