Thursday, January 16, 2020

"New Tesla registrations in California nearly halved in the fourth quarter"

From CNBC:

The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted 46.5% to 13,584 in the quarter ended December 2019, from 25,402 in the same period a year earlier.

Model 3 registrations, which accounted for about three-fourth of the total, halved to 10,694.

Tesla did not immediately respond to a Reuters request for comment.

"One can assume that Tesla has hit peak performance in the U.S. because they have not exceeded their 2018 results for five months now," said Shane Marcum, vice-president of Cross-Sell.
Tesla is priced like a disruptive company, but it's sales figures look like a niche/fad product. The most economical vehicles are what taxi/Uber drivers use: Japanese hybrids.

1 comment:

Anonymous said...

Musk needs to be in jail.