The demise of the OEMs

[Buckminster]

https://twitter.com/x/status/1785202663518261578

 

[T3SLAROD]

This has to be one of the funniest threads on this forum. The title should be changed to the Demise of Tesla in California. BTW, that money Ford lost on EV’s was covered by ICE vehicles…. Something Tesla doesn’t have ….

 

[Doggydogworld]

This has to be one of the funniest threads on this forum. The title should be changed to the Demise of Tesla in California. BTW, that money Ford lost on EV’s was covered by ICE vehicles…. Something Tesla doesn’t have ….

I also laugh at this thread's title. That said, Tesla's Q1 sales were down 7.8% y/y in Cali, a bit less than their global 8.5% decline. They still managed to sell 11.6% of all new vehicles in the state and are the #2 overall brand. Not quite a "demise".

 

[kpanda17]

https://twitter.com/x/status/1785199631212716518

@Merc, give us a break, your EVs are fugly

 

[T3SLAROD]

@Merc, give us a break, your EVs are fugly

Right, and Tesla's are the Picassos of the EV world

Lets not even get to the interior comparisons

 

[Buckminster]

https://twitter.com/x/status/1785616073166909558

 

[Doggydogworld]

https://twitter.com/x/status/1785616073166909558

The Q4 to Q1 comparison is kinda silly. China's auto market in general and BYD in particular are highly seasonal. BYD would have down Q1s even back when they were growing >100% y/y.

Tesla's China revenues were down 25% sequentially in Q1 vs. BYD's 30%. Perhaps BYD's segments are even more seasonal. Or perhaps they engage in good, old-fashioned Q4 channel stuffing.