Tesla's EV Shipments in China Dropped a Massive 19% in February vs Year Ago

Non-Running Current Events

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1 month ago 03/05/2024 12:05am EST

re: car blog reader

car blog reader wrote:
This is totally wrong. The problems people have with EVs in the US is due to poor EV infrastructure. That is not the issue with Tesla's EV sales in China. In China, the new car market is now over 25% EVs, compared to 7% in the US. As Chinese automakers have rapidly developed EVs, they have moved to the head of the global EV market. The hot cars in China are home brands as they've reached parity and gone past Tesla and that's why Tesla is losing market share. BYD is now the largest EV maker in the world.

No, you are totally wrong. It's because EVs suck as cars with a lot less practicality and a lot more repair costs. Fine if all you want to do is wait around to baby your EV where there's no cold weather. Case in point, even BYD saw a 37% crash in the EV sales in February. If it was only American EVs that suck, BYD wouldn't have also saw their EV sales crash.

"Even China’s BYD, which surpassed Tesla in overall EV sales in Q4 and generally dominates the Chinese EV market, saw its February sales tumble to 122,311 units from 193,655, a 37% drop."

1 month ago 03/05/2024 12:08am EST

re: factsmatter

factsmatter wrote:
Show me a year where the worldwide EV sales are down from the previous year. Guess what? You can’t.

1 month ago 03/05/2024 12:09am EST

re: tlm1959

tlm1959 wrote:
The coming failure of Fisker and Rivian

Yup, Fisker doesn't have enough cash to last 2024 and Rivian only has enough funds for 6 quarters according to Elon Musk. Remember that just a few years ago, both Fisker and Rivian were some of the biggest companies in the world by market cap. Now, Fisker is a penny stock.

1 month ago 03/05/2024 12:17am EST

re: factsmatter

factsmatter wrote:
factsmatter wrote:
Show me a year where the worldwide EV sales are down from the previous year. Guess what? You can’t.

You really keep trusting your "InsidersEV" like it's the Bible of God. Why don't you listen to the actual EV makers where every single one of them is sale their EV sales are crashing? BYD, Tesla, Rivian, Nio, Fisker, Apple, take your pick.

1 month ago 03/05/2024 12:29am EST

re: EV Hype Bubble Has Burst

EV Hype Bubble Has Burst wrote:
factsmatter wrote:
You really keep trusting your "InsidersEV" like it's the Bible of God. Why don't you listen to the actual EV makers where every single one of them is sale their EV sales are crashing? BYD, Tesla, Rivian, Nio, Fisker, Apple, take your pick.

“You can’t.”

1 month ago 03/05/2024 12:33am EST

re: EV Hype Bubble Has Burst

EV Hype Bubble Has Burst wrote:
car blog reader wrote:
This is totally wrong. The problems people have with EVs in the US is due to poor EV infrastructure. That is not the issue with Tesla's EV sales in China. In China, the new car market is now over 25% EVs, compared to 7% in the US. As Chinese automakers have rapidly developed EVs, they have moved to the head of the global EV market. The hot cars in China are home brands as they've reached parity and gone past Tesla and that's why Tesla is losing market share. BYD is now the largest EV maker in the world.
No, you are totally wrong. It's because EVs suck as cars with a lot less practicality and a lot more repair costs. Fine if all you want to do is wait around to baby your EV where there's no cold weather. Case in point, even BYD saw a 37% crash in the EV sales in February. If it was only American EVs that suck, BYD wouldn't have also saw their EV sales crash.
"Even China’s BYD, which surpassed Tesla in overall EV sales in Q4 and generally dominates the Chinese EV market, saw its February sales tumble to 122,311 units from 193,655, a 37% drop."

I hadn't read the non-sports news today, so I was pointing to recent trends. And to be clear, though I'm an environmentalist and worked in the field, I'm not a fan of EVs as they are currently in the US. We should be able to agree that as much as EVs suck or don't suck, the sales having a drop from December to January or February doesn't prove anything either way. In the US, you could argue that the people that want to buy an EV and can afford them have already bought them. I don't know enough about the Chinese market to say that for China. I'm pretty sure the calculation is different because they have inexpensive as well as expensive EVs rather than almost entirely expensive EVs in the US.

Sales in China for everything are always down for a week during Chinese New Year, which was in February this year. This says Li Auto had the best sales continuity during the holidays, only down 3%.

carnewschina.com

China EV registrations in W6+7: BYD 30,600, Tesla 8,200, Li Auto 7000, Nio 1,500

Jiri Opletal

The car sales were significantly down due to Chinese New year celebrations.

Link:carnewschina.com/2024/02/20/china-ev-r...

1 month ago 03/05/2024 1:44am EST

re: EV Hype Bubble Has Burst

EV Hype Bubble Has Burst wrote:
factsmatter wrote:
Yet worldwide EV sales have increased every year.
Your "facts" about EV sales are as reliable as Al Gore predicting we would all be dead by 2020 (I'm still alive, by the way). From the same article I posted, the largest EV maker in the world, BYD, also saw a massive drop in EV sales of 37% vs a year ago:
"Even China’s BYD, which surpassed Tesla in overall EV sales in Q4 and generally dominates the Chinese EV market, saw its February sales tumble to 122,311 units from 193,655, a 37% drop."

You sure you’re still you are alive brah?

1 week ago 04/23/2024 5:50pm EDT

re: car blog reader

car blog reader wrote:
Saying it in a more succinct way: EV sales in China are going up, but Tesla is rapidly losing market share (and sales down 19%) to Chinese automakers. The Chinese automakers are outcompeting Tesla.

Tesla’s Profit Fell 55%, Adding to Concerns About Its Strategy
Thefirst- quarter results are likely to fuel worries that competitors will
continue grabbing a bigger slice of a market dealing with slowing
electric car sales.

nytimes.com

Link:www.nytimes.com/2024/04/23/business/te...

1 week ago 04/23/2024 6:14pm EDT

re: Henry Ford III

BYD sold less EVs than Tesla did this past quarter.

insideevs.com

Top EV Carmakers By Sales In Q1 2024: Tesla Vs. BYD

During the first quarter of 2024, Tesla once again sold the highest number of all-electric cars—noticeably more than BYD, which won in Q4 2024.

Link:insideevs.com/news/716305/top-electric...

1 week ago 04/23/2024 6:40pm EDT

re: Cornpop

Is anyone thinking its a good time to buy Tesla stock, maybe in the next week or two? It's in a real dip right now.

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Tesla's EV Shipments in China Dropped a Massive 19% in February vs Year Ago

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