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by henrikschroder
2110 days ago
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New BEV car sales January to August 2020 in Germany: Tesla: 10.6% VW Group: 35.3% Tesla had a fantastic first mover advantage, they're not making bad cars, but they're not special anymore. And in the real world, with competition, they're simply not stacking up very well. The trend is pretty clear to me. The stock market obviously disagrees, though. |
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No company in its right mind could hold 30% of the total car market, but what is actually surprising is that unlike many analysis's predicted, their global market share has been going up. Maybe the next round of Tesla killer is finally gone do something.
You are comparing Tesla to the largest auto maker in its home market during a global pandemic where Tesla has to export their car from California (yes they are insane enough to build cars in California) and they have to pay tariffs.
Tesla is building a gigantic factory in the middle of Europe until then Tesla will not have the market leading position in Europe while all European companies dumb their vehicles in Europe first. I still expect Tesla to big a significant junk of the European market going forward.