Jan 14, 2023 2:18:13 AM
- Whoopsy
- Rennteam Moderator
- Loc: Vancouver,BC , Canada
- Posts: 16151, Gallery
- Registered on: Sep 19, 2006
- Reply to: Boxster Coupe GTS
Re: Tesla
Boxster Coupe GTS:TesIa is a car manufacturer with an economic problem...
...demand for TesIa is less than existing supply (e.g. 2022 Q4 deliveries of 405k vs Q4 production of 439k) while competition is increasing and the economy is heading into a recession!
I have been reporting Teslas sitting on the lot waiting to be bought, a sign of slowing demand and depleting pre-orders, but someone doesn't want to believe that and wanted to believe Elon and Tesla forums instead. 🤷🏻♂️
I believe Tesla's overall EV market share has dropped below 70% now, they were literally 90% not a couple years ago.
The major price cut is the Model Y, a model that has serious competition and the competition are better cars, namely the Hyundai Ioniq 5 KIA EV6 and the Ford Mustang Mach E, all of which there are still over a year of backlogged orders. I actually checked yesterday, I was asking a Hyundai dealer can I place and order for a Ioniq 5, a car I still wanted to own, the answer was that the order book hasn't been re-opened yet. And they still don't know when Hyundai will open it.
In contrast, I drove by the Tesla lot on the way to the Hyundai dealer, I could walk in there and have a choice of at least 10 Model Y in various colours and trims, and walk out with a car. With today's price cut, I suspect perhaps quite a few will be gone by Monday.
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