A trusting MSM follower might conclude that Tesla is a "niche" company in deep trouble because of "demand cliff"
Hard data prove the opposite: M3 DECIMATED US midsize luxury segment, more so than the worst econ. disaster since 1929 Great Depression: 2008 Financial Crisis
Vladimir Grinshpun on Twitter
Hard data prove the opposite: M3 DECIMATED US midsize luxury segment, more so than the worst econ. disaster since 1929 Great Depression: 2008 Financial Crisis
- US midsize lux. sales (blue) were on a healthy growth trajectory before 2008 Financial Crisis which caused 28.5% 2-yrs sales slump
- Segment recovered and sales grew during the following 6 yrs, before seemingly inexplicable 23.6% 2-year drop starting in 2016
- The slump, of course, coincided with M3 reveal and world record number of reservations backed by $1k deposits
- Segment sales excluding M3 continued slumping by another 8.6% into a third year, once M3 mass production started in 2018
- Just after one full year of M3 deliveries (red) the segment total sales (including M3 - green) recovered to within 4.7% of the top sales in 2015
- in just one year following start of mass production, in 2018, M3 took whopping 31.12% market share of the segment
- During the first 5 months of 2019 including the "demand cliff" M3 share fell only by less than couple percent. So far in 2019 M3 still holds huge 29.4% market share
- I can't wait until June data explode the charts
Vladimir Grinshpun on Twitter
