thax

joined 1 year ago
[–] thax 24 points 9 months ago

The game is finished and ready to play, I think that the reports of bugs are blown out of proportion having played it since launch.

[–] thax 4 points 1 year ago

I guess it was unavoidable. I really liked that you didn’t need that complexity added to the charger but that was possible with a closed ecosystem. Now with so many 3rd parties joining the network, even if those 3rd parties are supposed to automatically work, I would guess Tesla is hedging that a backup payment method is required. Probably a good choice based on the software capability of legacy manufacturers, which can be pretty awful. This will prevent the supercharger for being blamed for 3rd party incompetence, or when the 3rd party has no backend infrastructure.

[–] thax 4 points 1 year ago

Epic, this is the kind of content we need. Subscribed.

[–] thax 1 points 1 year ago (1 children)

Yup, even though Tesla service and support is utter garbage, dealing with sleazy dealerships is worse. I am hoping that Tesla will grow to a point where there is better 3rd party service and support options, or Tesla has to improve service to grow market share. The problem that Tesla has always had is that the product is so much better than the competitor that they can keep high margins and the cost of support at a minimum.

[–] thax 1 points 1 year ago

Every legacy manufacturer’s car seems covered in complexity, endless switches, knobs, sliders, and other moving components litter the interior of the car. It would seem that Tesla has a minimum set of features already, which is why it has the highest margins in the industry. Basically when Sandy Munro ripped the first Model 3’s build complexity they have bee relentless on removing build complexity. There is still room for improvement, but I wouldn’t be looking at competitors for inspiration, they are all copying Tesla right now.

[–] thax 1 points 1 year ago

Future proofing is a major factor and I would think probably the biggest factor. Another factor is the higher voltage support, allowing non-Tesla that currently support 800V to achieve decent charging rates, whereas right now they often get poor charging rates. This is important to reduce charging times, thus preventing charging locations from be clogged with slow charging non-teslas. This was the big push on the supercharger v3, it dramatically improved the throughput at high congestion charging locations, which improves the user experience.

 

In the burgeoning field of electric vehicles (EVs), achieving advancements isn't merely about speed and range. The industry's frontrunner, Tesla, has demonstrated that attention to fundamental safety measures and the refinement of the user experience is equally significant. A recent video by Consumer Reports titled "Braking Without Brake Lights | Talking Cars Bonus" underscores this point.

The video illustrates a potential safety issue encountered with some EVs from legacy manufacturers, including Mercedes-Benz and Hyundai-Kia-Genesis. During the one-pedal driving mode, the brake lights switch off prematurely before the vehicle has come to a complete halt, which could potentially cause confusion and risk to following drivers.

In response to this issue, the manufacturers maintained that their systems comply with existing regulations. They argue that regulations do not stipulate the need for brake lights to remain illuminated while the vehicle is stationary and the brake pedal is not depressed. Nonetheless, it is apparent that this rule interpretation doesn't necessarily enhance safety on our roads.

It's worth mentioning that this issue was initially identified and highlighted by Alec Watson on the Technology Connections YouTube channel.

Contrary to these manufacturers, Tesla has proved itself attentive to such intricate details. Tesla's EVs, renowned for their innovative design and technological advancements, do not display this brake light issue in the one-pedal driving mode. The focus here isn't just about delivering impressive range or rapid acceleration but also about refining the driving experience and prioritizing practical, safety-centered needs.

Moreover, Tesla's edge over traditional automakers is its robust over-the-air update system. This unique capability allows Tesla to quickly and remotely rectify any software-related issues or enhance functionality without necessitating physical servicing of the vehicle. Should a similar concern arise, Tesla can address it promptly, further establishing their leadership position in the EV market.

As the EV market continues to evolve, the focus on getting the basics right becomes as crucial as future innovations. Tesla appears to be leading in both aspects, offering comprehensive safety and efficiency in its vehicles. In this regard, Tesla's pioneering approach to EVs serves as a benchmark for others in the industry. As more manufacturers venture into the EV space, the refinement of basic operational and safety measures will undoubtedly be critical to their success.

In recognizing the contributors to this dialogue, a special mention goes to Alec Watson, who first brought this topic to light. His insightful video on the Technology Connections YouTube channel has been instrumental in identifying the brake light issue in one-pedal driving mode. For a more in-depth look into Alec's exploration of the problem, you can watch his video here: Electric cars prove we need to rethink brake lights. His vigilant and tech-savvy perspective is an asset to the EV community, demonstrating the importance of critical analysis in the rapidly evolving field of electric vehicles.

 

Despite the promises from legacy automakers to boost their electric vehicle (EV) production and sales, Tesla's dominance in the US EV market remains unwavered. According to data from Motor Intelligence, Tesla is approximately 300,000 units ahead of its closest competitors, Hyundai and General Motors. This gap has increased since the first half of 2022 when it was around 225,000.

Tesla has been able to maintain its leadership position through significant sales growth, with an estimated 336,892 vehicles sold in the U.S. during the first half of the year, reflecting a 30% increase from the previous year. The growth has been driven by production at Tesla's new plant in Texas. Tesla's Model Y has become the world's best selling car in the first quarter of 2023.

Tesla's market share of U.S. EV sales dropped to 60% due to the entry of new competitors and overall market growth. Despite this, Tesla's global deliveries surpassed 889,000 EVs during the first half of the year. The company is aiming to produce at least 1.8 million electric vehicles in 2023, as indicated by CEO Elon Musk.

Meanwhile, Hyundai and General Motors have seen some gains but remain far behind Tesla. Hyundai, including its subsidiary Kia, managed to increase its EV sales by approximately 11% to 38,457 units. GM more than quadrupled its EV sales to 36,322 units in the first half of this year.

However, the vast majority of GM's EV sales were of its outgoing Chevrolet Bolt models, set to be discontinued later this year. The slow production ramp-up of its newer EV models has been a point of criticism. Despite these challenges, GM plans to roll out more mainstream EV launches in the coming year and aims to catch Tesla in sales by mid-decade.

Overall, Tesla's continued dominance illustrates the strength of its strategy and execution, even as more competitors enter the EV market. The company is set to continue leading the EV revolution, with strong growth projections for the coming years.

 

The electric vehicle (EV) industry in the United States is revving up, with sales hitting the 4 million mark at the end of June. Tesla continues to lead the charge, accounting for about 61% of the EV market.

This surge is fueled by a mixture of factors such as Tesla's price cuts earlier this year, tax credits of up to $7,500 for consumers, and an overall increase in manufacturing capacity. It took nearly eight years to sell the first million EVs in the US, which was achieved in 2018. However, the pace has been quickening with the fourth million achieved after just 10 months.

All major players, including Tesla, General Motors, Rivian, and BYD, have reported strong US sales and deliveries for EVs during the second quarter. Tesla's strong performance, despite being an established player in the EV market, underscores the overall market strength.

Tesla's reach continues to extend as it plans to open its Supercharger network to other vehicles, including those from Ford, GM, and Rivian. This initiative addresses a significant concern for US drivers - the limited availability of fast public charging. With about 12,000 Superchargers, Tesla represents around 60% of the total fast chargers available to US EV drivers.

Furthermore, Tesla's consistent discounts have played a key role in driving sales up. Earlier this year, Tesla cut prices across its models, leading to a record delivery of 466,000 cars between April and June. It further reduced prices in March, making its high-end models more accessible.

The EV sales boom has also been supported by the Inflation Reduction Act, part of President Joe Biden's climate change policy, offering consumers up to $7,500 in tax credits. As Tesla has already sold more than 200,000 EVs, three of its models are eligible for the full tax credit, further fueling its market dominance.

As the electric vehicle market continues to grow, Tesla’s continuous innovations and strategic pricing are making it an undisputed leader in the sector.

[–] thax 3 points 1 year ago

This news is certainly an exciting step forward for Tesla. With the permits for the Gigafactory in Mexico advancing, this will likely give Tesla a significant advantage in the EV market within the Latin American region. I am particularly intrigued by the mention of a new vehicle model that's allegedly going to be the most affordable and efficient electric car in the world. If they can deliver on this promise, it could fundamentally shift the demographics of electric vehicle ownership, making it accessible to a much wider audience. This is not only great news for consumers but also for the planet as a whole, as we transition towards more sustainable modes of transportation. It's important to note, however, that the success of this venture will be highly dependent on the Gigafactory's operations and quality control, given the slight delay compared to the original schedule. We can only wait and see how this unfolds.

 

The China Association of Auto Manufacturers (CAAM) has withdrawn a commitment to avoid "abnormal pricing" that was signed by 16 automakers, including Tesla, Nio, Li Auto, and Xpeng. The pledge, which had been viewed by some as a ceasefire in a price war threatening profitability across the industry, was retracted after CAAM recognized it violated China's antitrust law. The day before the retraction, Tesla unveiled a global program offering additional incentives to buyers through referrals from existing customers, a long-standing tactic used by traditional automakers to increase sales. CAAM plans to encourage its member companies, including the 16 signatories, to adhere to the antitrust law and engage in fair competition with independent pricing.

Community sentiment seems to reflect a mixture of skepticism and humor over the brief lifespan of the agreement, with some suggesting that it was a political move, or that Tesla would have disregarded it anyway. Other discussions highlight the challenge of price competition in China's EV market, where sub-$10,000 vehicles are common.

 

Tesla has requested the Biden administration to establish stricter vehicle emissions limits than those suggested by the Environmental Protection Agency (EPA) in April, in contradiction to the views of other automakers. The EPA's proposed regulations aim to reduce emissions by 56% and result in 60% of new vehicles being electric by 2030 and 67% by 2032. Tesla, however, argues that the EPA should enforce a more stringent plan that ensures over 69% of vehicles are electric by 2032 and phase out gasoline-powered vehicles as early as 2030.

The automaker also criticized the EPA's cost assumptions, claiming they overlook the decreasing costs of battery cells and packs as well as efficiency improvements in battery electric vehicles. A trade group representing many automakers, excluding Tesla, argued that the EPA's proposal is unreasonable and unachievable, suggesting instead a 40%-50% requirement for electric, plug-in electric, and fuel cell vehicles by 2030.

Tesla also advocates for the elimination of credits that internal combustion vehicles can obtain to meet pollution targets. It further argues that the EPA's models significantly underestimate Tesla's vehicle sales, predicting less than 100,000 per year, a figure that Tesla contests, stating its U.S. sales in 2022 were nearing 500,000 vehicles.

 

In a recent groundbreaking move, Mercedes-Benz has announced plans to adopt the North American Charging Standard (NACS), which will pave the way for its electric vehicle (EV) customers to leverage Tesla's expansive Supercharger network starting from 2024. This pivotal development, announced on July 7, 2023, underscores the importance of industry collaboration and the cross-utilization of resources in driving the growth of the EV market.

Tesla's Supercharger network, with over 12,000 locations across North America, has been a critical driver of Tesla's success by providing reliable, high-speed charging. This robust network has set a high standard for other automakers venturing into the EV market. Mercedes-Benz's decision to adopt NACS represents a significant endorsement of Tesla's infrastructure, as the German automaker seeks to augment the EV charging experience for its customers.

In 2025, Mercedes-Benz will become the first German Original Equipment Manufacturer (OEM) to incorporate NACS ports into its new electric vehicles. For existing Mercedes-Benz EVs that utilize the Combined Charging System (CCS), the company will introduce an adapter in 2024 to enable seamless charging on the NACS network, furthering its customer-focused approach to electrification.

This initiative highlights the growing acceptance of Tesla's NACS in the automobile industry, with other leading manufacturers like General Motors, Ford, Rivian, and Volvo having already endorsed the standard. As Mercedes-Benz aligns with this trend, it further validates Tesla's charging standard and extends its influence in shaping the industry's future.

Moreover, Mercedes-Benz plans to roll out its High-Power Charging Network, consisting of more than 400 charging hubs and over 2,500 high-power chargers across North America by the end of the decade. These hubs, open to all EV brands, will be equipped with both CCS1 and NACS plugs, ensuring that a wide range of EV owners can access these facilities.

The company's decision to both tap into Tesla's Supercharger network and develop its proprietary charging infrastructure signifies a commitment to facilitate the adoption of electric mobility by providing their customers with increased charging options. Ola Källenius, Chairman of the Board of Management at Mercedes-Benz Group AG, emphasized, "To accelerate the shift to electric vehicles, we are dedicated to elevating the entire EV-experience for our customers - including fast, convenient, and reliable charging solutions."

This embrace of NACS is a testament to the growing influence of Tesla in the EV sector, as Mercedes-Benz leverages the established Supercharger network to benefit its customers. Simultaneously, the creation of a new high-power charging network further emphasizes the automaker's commitment to shaping the future of electric mobility, embodying the renowned quality, reputation, and customer focus for which Mercedes-Benz is known.

By providing access to Tesla's Supercharger network and investing in its charging infrastructure, Mercedes-Benz is ensuring that the future of transportation is electric, accessible, and powered by sustainable energy. The integration of NACS is a crucial step in this journey, facilitating an exciting chapter in the evolution of the EV landscape.

[–] thax 2 points 1 year ago

It would have helped to include that analysis in the article if they already had the data. I would assume that average isn't as sensational as they liked.

 

As the electric vehicle (EV) market continues to grow, two key players, Tesla and Hyundai, vie for the top spot. One of Tesla’s most popular offerings, the Model 3, competes head-to-head with Hyundai's newest arrival, the Ioniq 6. Despite both cars having their unique strengths, the data shows a clear victor.

Tesla and Hyundai both have dedicated followings and unique selling points. However, when it comes to their all-electric offerings, Tesla's Model 3 pulls ahead. Priced at just over $40,000, the Tesla Model 3 not only sits at a lower price point compared to the Ioniq 6 but also offers an impressive suite of amenities.

While both vehicles compete in terms of price and amenities, Tesla edges out the competition with a base price of $40,240, compared to the Ioniq's $41,600. Furthermore, the Tesla Model 3 offers features such as heated front and rear seats, a 15-inch touch screen, and blind-spot monitoring, enhancing its value proposition.

The Model 3 also secures its spot in terms of seat comfort, offering more rear legroom than the Ioniq 6. The added bonus of heated rear seats as standard equipment in the Model 3 gives it the upper hand in this category.

When it comes to cargo space, the Model 3 further solidifies its lead with 19.8 cubic feet of rear cargo room, coupled with an additional 3.1 cubic feet of space in its front trunk, dwarfing the Ioniq 6's 11.6 cubic feet trunk.

However, the Ioniq 6 did have its wins, notably in the interior features category. With a straightforward infotainment system and standard Apple CarPlay and Android Auto, Hyundai’s EV takes the lead.

In terms of performance, the Tesla Model 3 still holds the throne. While the Ioniq 6 offers impressive acceleration, the Tesla Model 3's 455 horsepower powertrain outpaces the Ioniq 6, reaching 60 mph in a stunning 3.1 seconds.

Tesla’s Model 3 also proves to be a more thrilling ride. Its taut suspension coupled with comfort and smooth driving dynamics make it a class leader in fun-to-drive electric cars.

When considering battery range, the Ioniq 6 surprisingly outperforms the Model 3, with a range of 361 miles compared to the Model 3's 358 miles. However, these figures are so close that most drivers are unlikely to notice the difference in daily usage.

On the safety front, the Model 3 impresses with a perfect U.S. News safety score and a Top Safety Pick+ rating from the Insurance Institute for Highway Safety.

In conclusion, while the Hyundai Ioniq 6 does impress in some areas, the Tesla Model 3 emerges as the winner in this head-to-head. Despite the minor advantages of the Ioniq 6, the overall performance, comfort, and value proposition of the Tesla Model 3 help it retain its crown in the compact electric car segment.

 

As the electric vehicle (EV) market expands at an impressive pace, one car that has consistently come out on top in Europe is the Tesla Model Y. The midsize crossover has been leading the European EV sales charts for seven consecutive months, maintaining its dominance over a growing range of competitors. This steady growth illustrates not only Tesla's success but also the increasing consumer preference for electric vehicles.

As of May 2023, Europe registered some 253,000 plugin vehicles, marking a 38% year-over-year increase. Despite the overall auto market growing by 18%, the EV market share stands at a respectable 23% of total auto sales, demonstrating the market's healthy recovery following some challenging years.

In the race towards electrification, battery electric vehicles (BEVs) have been outpacing their plugin hybrid electric vehicle (PHEV) counterparts. BEVs saw a surge of 67% YoY in May, accounting for 68% of plugin registrations that month.

Against this backdrop, the Model Y continues to captivate the European market. With 21,967 registrations in May, the Model Y more than doubled the sales of its nearest competitor, the VW ID.4, a testament to its popularity among consumers. This surge in sales can be attributed to Tesla's recent price cuts and its effective supply-and-demand management, ensuring quick deliveries to eager customers. The Model Y has already reached what could be termed its "natural market limit," echoing a phenomenon previously referred to as the "Toyota Camry effect."

In Europe, Germany led the pack in Model Y registrations (4,240 units), closely followed by France (2,709), Norway (2,691), the UK (2,502 units), Sweden (1,903 units), Denmark (1,164), and the Netherlands (1,048 units).

But it isn't just the Model Y making waves in the European market. The VW ID.4 secured the runner-up spot with 8,600 registrations, and the Volvo XC40 captured third place with 8,233 registrations. Rounding up the top five were the MG4 with 6,535 registrations and the Fiat 500e with 6,347 sales.

Despite the Model Y's undeniable dominance, it's worth noting the strong performances from other models. The BMW i4 secured the #10 spot, the recently introduced BMW iX1 hit #13 with a record 4,046 registrations, and the Polestar 2 and Opel Corsa EV also had strong showings.

In the midsize segment, the Model Y led with 21,967 registrations, trailed by the BMW 3 Series (8,463 registrations) and the Mercedes C-Class (8,324 registrations). Meanwhile, the Fiat 500 is transitioning smoothly to the electric era, with 48% of its sales now coming from its EV version.

Looking at the 2023 ranking so far, the Model Y sits comfortably in first place, with three times as many deliveries as the runner-up, the Volvo XC40. The focus now turns to the remaining podium positions, where the VW ID.4, the Tesla Model 3, and the VW ID.3 are competing fiercely.

It remains to be seen how the rest of 2023 will unfold, but one thing is clear: Tesla's Model Y continues to hold the European EV crown. As the market matures and more options become available, this dominance might be tested, but for now, Tesla shows no signs of slowing down.

 

Tesla Inc. continues to shatter expectations, delivering approximately 18,000 more vehicles than analysts predicted in the latest quarter - a surplus of over 43,000 compared to any previous period. Having already produced over 920,500 cars in H1 2023, Tesla is confidently on track to meet its annual production target of approximately 1.8 million vehicles.

The focus now shifts to the impact of Tesla's growth-focused approach on Q2 margins and the company's plans to leverage its two workhorses, the Model Y SUV and Model 3 sedan, responsible for 97% of its total deliveries this year.

Despite being on the market for three and six years, respectively, the Model Y and Model 3 remain crowd-pleasers, topping the luxury vehicle charts globally last year. Efforts to maintain this high demand included substantial price cuts, potential access to up to $7,500 federal tax credits in the US, and attractive perks like free fast-charging.

Nevertheless, Tesla's production still outpaced sales by about 13,300 vehicles in the last quarter and by roughly 74,300 over the past year. According to Bernstein analyst Toni Sacconaghi, this could pressure Tesla to further reduce pricing and/or increase promotional activity, leading to a squeeze on margins.

Future model launches are not expected to significantly ease this pressure anytime soon. Tesla's anticipated Cybertruck, set to start production later this year, will initially have a slow production rate. Elon Musk has noted that keeping the pickup affordable will be challenging due to the new manufacturing methods it requires.

Until Tesla can ramp up production of lower-cost next-generation models – which Bernstein predicts won't occur until at least 2025 – the company will have to maximize the potential of its current star performers, the Model Y and Model 3. Work is already underway on refreshed versions of these models, dubbed Project Highland and Project Juniper, though the timelines for their readiness remain unclear.

Throughout the pandemic, Tesla's minimalist approach to its model lineup proved advantageous, helping the company navigate the supply chain disruptions. However, the limits of this strategy are being tested as Tesla continues its pursuit of growth. It's anticipated that a blend of price reductions and product revamps will be necessary to meet market expectations.

Despite these challenges, the electric vehicle titan continues to push the boundaries of innovation and growth, further solidifying its dominance in the global EV market. Tesla's performance not only signals its resilience but also underscores the vast potential that lies within its minimalist model strategy.

 

Tesla's Model Y is making considerable waves in Australia, as recent sales statistics show a decisive tilt in the automobile market's preferences. For the first time ever, the Tesla Model Y, an all-electric SUV, outranked the Ford Ranger, solidifying its position as Australia's top-selling passenger car, excluding utility vehicles.

In a significant shift, the Tesla Model Y's sales surged in June 2023, with 5,560 vehicles reported sold, landing it as the second most popular new car in Australia, behind only the Toyota HiLux ute. This milestone marks the first time an electric vehicle has ranked second in Australia's new-car sales charts, a clear indication of the changing tides in Australia's automobile market.

Indeed, Tesla's Model Y's sales growth seems to have surpassed expectations. In year-to-date sales, the Model Y dethroned the Toyota RAV4, registering a total of 14,002 vehicles sold compared to RAV4's 13,523 from January to June 2023. With this, the Tesla Model Y became Australia's top-selling passenger vehicle for the first time.

Tesla's growth, especially that of Model Y, contributes to a larger trend of electric vehicle (EV) adoption in Australia. The Federal Chamber of Automotive Industries reported that 11,042 electric cars were sold last month, boosted significantly by the influx of Tesla vehicles. This performance outstripped hybrid vehicle sales, which stood at 9,020, showing that EVs are increasingly preferred by Australian consumers.

Electric vehicles accounted for 8.8% of all new motor vehicle deliveries in June 2023, an increase that industry analysts believe will continue to be the norm as more electric vehicles enter the market.

Despite general industry challenges, with automotive sales in the country facing a slowdown due to rising interest rates and cost-of-living pressures, Tesla seems to be defying the odds. The EV manufacturer's impressive growth may be a signal that consumers are ready to embrace more sustainable, electric-powered transportation options.

It's clear that the future of transportation in Australia is increasingly electric. Tesla, with the Model Y at the forefront, is riding the crest of this wave. Its record-breaking sales numbers are testament to the growing acceptance and demand for electric vehicles in the country. This also underlines the need for continued investments in EV infrastructure and sustainable transport solutions.

To conclude, the rise of the Tesla Model Y in Australia is a significant development for the EV industry. The vehicle's success could pave the way for increased adoption of electric vehicles across the country, setting the stage for a greener, more sustainable future.

 

Lucid Motors CEO, Peter Rawlinson, who previously served as an engineer at Tesla, shared insights into the company's forthcoming plans during an interview. He specifically targeted Tesla's stronghold on the EV market, revealing plans to introduce rivals for the Tesla Model 3 and Model Y.

Rawlinson has a deep connection to Tesla, having been instrumental in the development of Tesla's first fully in-house production car, the Model S. Leveraging his extensive experience, he aims to guide Lucid in releasing models to compete directly with Tesla's successful lineup.

Lucid, which recently secured a lucrative supply deal with Aston Martin and witnessed the success of its first car, the Lucid Air, is planning to expand its own product range. The first vehicle in this expansion plan is the Gravity SUV, due for release next year, and will be followed by new models designed to compete with the Tesla Model 3 and Model Y, priced at around $48,000 to $50,000.

Beyond vehicle production, Rawlinson discussed Lucid's vision to become an 'intel inside' for the automotive industry, by licensing their EV tech to other manufacturers. This strategy could also indirectly challenge Tesla's market position, as it could accelerate the global adoption of EVs by providing advanced tech to a wider range of manufacturers.

Lucid's technology, recognized for its compact design, efficient battery usage, and power, is already in use in the Lucid Air and in all Formula E cars. Such efficiency could provide a significant edge in their planned face-off with Tesla.

In terms of mass-market EVs, Rawlinson shared a bold vision of improving efficiency to achieve 6 miles per kilowatt-hour, enabling the creation of smaller battery packs, reducing EV costs, and potentially enabling the production of a $25,000 EV. While Lucid does not intend to manufacture such a vehicle, they could provide the enabling technology, potentially opening a new front in their competition with Tesla.

In summary, Lucid Motors, under the leadership of the ex-Tesla engineer Rawlinson, is preparing to mount a significant challenge to Tesla with its forthcoming models and innovative EV technology.

 

The article discusses Tesla's current financial situation and its impacts on the company's future. Despite experiencing an increase in both production and sales volume, the gains were achieved through substantial price cuts, which are impacting the company's profitability.

The growth in production is noteworthy, and Tesla has succeeded in reducing inventory, an encouraging achievement from a manufacturing standpoint. However, the decline in Model S/X sales (the company's highest-margin vehicles) poses a concern.

Furthermore, these price cuts seem to be necessary for Tesla to maintain sales volume. Interestingly, these price cuts are also reflected in the used vehicle market, which has seen a decrease in Tesla used vehicle prices.

The competition is heating up in the EV market as companies like Rivian are increasing their production capabilities. Traditional car manufacturers like Ford, BMW, Honda, Hyundai, Toyota, and Stellantis are rapidly advancing their EV productions, which will put additional pressure on Tesla's margins and potentially its market share.

Despite its sales growth, Tesla's revenue and profits are expected to struggle. The company's Q1 revenue dropped by more than 5% quarter over quarter, while gross profit dropped by 17% year over year. The net income also decreased by 24% YoY, which indicates a potential decline in Tesla's profitability.

While this article paints a challenging picture for Tesla's future, it is essential to consider a few points in a pro-Tesla context:

Tesla's production and delivery growth demonstrates its efficient manufacturing and supply chain capabilities. Despite the challenges posed by price cuts, it can still increase production volume and reduce idle inventory.

Price cuts may not be solely a reflection of weak demand but could be a strategic move to gain more market share by making EVs more accessible.

The rise of competition in the EV market is a clear sign of the industry's overall growth, which Tesla pioneered. As the industry's frontrunner, Tesla's innovation, brand recognition, and extensive supercharger network set it apart.

The potential for self-driving technology is also a significant aspect of Tesla's future value. If Tesla can solve autonomous driving before its competitors, this could provide a significant competitive edge and revenue stream.

Tesla's investments in battery technology could lead to lower manufacturing costs over time and potentially reinstate some of the profitability lost due to price cuts.

[–] thax 1 points 1 year ago

Great content, thank you for sharing it with everyone.

[–] thax 2 points 1 year ago

I can confirm it blackholes on text only posts more frequently than 30 minutes, so this could be part of the problem it isn't the complete problem.

[–] thax 2 points 1 year ago

Same, all that is important for EV adoption is a common standard, looks like it will be NACS for North America.

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