Quote:
Originally Posted by simon varley
sales down 36% in Europe first quarter. Even in the US they are down 14% first quarter. Nobody can sustain that for long.
Even though our figures are small, they are down 75% in February !!!
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Don't forget almost every brand is down with the current economic state of play.
For Tesla though, they're retooling and ramping their new model Y that is significantly better than the old one. The real test is once production is ramped for them in all markets.
This is the issue when you have only 2 models in your lineup (S and X aren't sold in any meaningful numbers given their price point) and your biggest seller, the Y, is about to get refreshed.
Once you appreciate how big an improvement the Y is, you'll understand why people are waiting and sales tanking.
For all the showboating, he only owns 13% of Tesla. He is a very small part of the equation.