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by triceratops 636 days ago
How did Tesla become the most valuable carmarker in the world making mostly sedans?
6 comments

Tesla primarily sells into coastal cities where the driving conditions and use cases are ideal for an EV sedan. That said, most of the people I know with a Tesla also have an ICE SUV or truck.
The world is a lot bigger than the US. And valuation is not actual value but more whatever the current overhyped investor thinks it's going to bring in the future.
By being valued as a tech company instead of as an automaker.
Tesla's sales were mostly in cities (where people still buy sedans), and they were mostly taking away business from foreign manufacturers.
The Model Y is Tesla's best selling car and has been for a while
Tesla combines Model 3 and Model Y sales when they report results, so we don't actually know that. According to estimates*, and my own eyes, more Model 3s are sold than Model Ys.

* 2021 is the last year for which Wikipedia has estimates for both vehicles. The Model 3 sold over 1m, the Model Y around 400k.

https://en.wikipedia.org/wiki/Tesla_Model_Y#Sales

https://en.wikipedia.org/wiki/Tesla_Model_3

Right but some countries (incl China) have explicit registration data so these estimates are not a shot in the dark. From Jose Pontes' article where the Wikipedia Y estimates came from, there were 530k 3s sold and 1.2M Ys sold

https://cleantechnica.com/2024/02/05/world-ev-sales-report-t...

Your figure for 2021 Model3 Sales is actually 3+Y btw
Consistently making things up/lying to boost the stock price