This is going to get downvoted into oblivion lol
Would love to see it broken down by quarter and compared to 2024. Two straight years of declining sales imagine what could have been...
They only sell 2 models now. That is a meaningless stat from cultists. Time to flush this turd down.
Theranos was worth 9 billion, millions of people bought NFTs, countless people thought they could retire on Beanie Babies, and the global tobacco industry is worth nearly a trillion dollars. Just because something is popular doesn't mean it's good, nor does it mean the consumers are making an informed choice. If consumers always opted for the objectively superior product, we'd all be eating kale and browsing this site on Linux right now. You're going to get downvoted because you shared a pointless article that means nothing.
It's got three things going for it. One, is name recognition. Yes, there's a lot of negativity attached to it, but I think we can all agree by now that the average person is about as informed of current events as your average horse. Two, Republicans are buying it because to them, the negativity is a good thing. Three, tech bros still love Elon Musk, and there's a *lot* of tech bros in California.
how is it a meaningless stat? model x and s made up like 3% of tesla global sales, car companies routinely axe older models.
CA was supposed to be woke... guess we have stragglers trying to stay cool
I think outside of USA, Tesla getting crushed. In the USA most still use oil car. Maybe Tesla sales will pick up with oil car getting banned.
Toyota and Honda still outsold Tesla in California. The best-selling model thing is just a quirk of Tesla having only two relevant models.
Tesla isn't a car company, how is this even relevant?
Yeah. I don’t believe this at all. Not only will I never BUY a Tesla, I won’t get in one.
"Toyota finished 2025 as California's top-selling brand with a 17.8% market share, widening its lead. Honda followed in second place (10.8% share), while Tesla dropped to third, with registrations declining 11.4% to a 9.9% market share. The Tesla Model Y was the top-selling vehicle, and the Model 3 was the top sedan."
When Musk was actively in politics it definitely was down. But honestly with such a large market share that probably hurt EV adoption rate as a result too since plenty of people might have just bought a HEV or something since there’s no guarantee unless they already were an EV Owner that they would get another BEV. Back in 2024 Tesla had achieved that status for BEVs as Toyota is to cars in general in the US where it was the brand you buy when you don’t want to think. The biggest thing that’s also hurting Tesla though is there big shift in focus in AI has allowed their model lineup to feel dated despite the constant iPhone style of refreshes. If they made a Pickup that was a huge success things would be different for overall sales likely but that’s also not the case. For Europe they also desperately needed a C segment vehicle at min in the line up.
They keep saying "not a car company" which is a real fuck you to anyone buying the cars. I guess they got enough of a brand cachet that people kept returning and there was a big cult of fans around the cars. I think the numbers show you're right that politics hurt but actually slowly going stale is what really kills them. I don't think consumers care too much about the morals of their shopping but better value options coming along whilst Tesla stands still is what's gonna kill them. Everyone has phone as key, everyone has an app, driver assist game is increasing from everybody and opening up supercharger network - that was the killer USP they always had
It’s also really confusing strategy like realistically even if Robotaxi were perfected in the next couple years (it likely won’t be) it would be the next 20 years before the mainstream market would be ok with their personal vehicle not having a steering wheel and in the US If they want to make Tesla a broader company that’s fine but Tesla Motors should be a strong subsidiary in that company. To help fund these other initiatives. The only reason I can think of is that Tesla Stock is unusually high for a car maker so with Tesla achieving mainstream status for EVs he’s shifting to this new frontier of ai to keep stock prices high and make Tesla basically a 40 year startup.
The skeptics' point is that Tesla's valuation implies very high revenue growth rates and margins. Ashwath Damodaran used 35% for the first five years in back in 2021 (i.e. from 2022 to 2026). He revised the revenue growth down to 24% in 2023 (from 2024 to 2029) and still found the company expensive. (https://aswathdamodaran.substack.com/p/dissent-and-debate-the-pushback-on) In reality, Tesla saw growth of 18.8% in 2023 from year prior and has declined somewhat since then. Operating margins have been single digits in that period against the assumed high teen margins. The investors have been very patient with Tesla. Investors were patient with Amazon as well (though Amazon did not have such high, sustained P/E as Tesla does), and Amazon eventually grew into its valuation. But, Bezos was clear about his strategy and he encouraged investors to look past just P/E and focus on free cashflow/share. You can dismiss that if you wish - company CEOs will ask investors to focus on the most favorable metric. It's not clear to many investors (clearly not most, lol) exactly how Tesla plans to grow into this valuation. Tesla's valuation is higher than the rest of the top 20 car companies, all the listed car rental companies, and Uber and Lyft put together. Even if robotaxis became a thing, it's a capital intensive business whose margins are bounded by wages in traditional taxi services. It also assumes that no one else can come incorporate self-driving technology and provide robotaxi services. The valuation ultimately hinges on robotics. We have no idea when the robotics industry will make the necessary breakthroughs to have them be useful, but it is clear that Tesla has no discernible lead. Optimus looks like a college engineering project. No one is paying $30,000 to buy a robot which takes two hours to get a coke from the refrigerator. So, we wonder where all the optimism is coming from. Explaining it away as a "meme stock" is hardly satisfactory.
They sell two models and it was a significant drop in CA from 2024. Bullish.
Linux is shit for desktop though, that's bad comparison.
Bank of America just released a valuation breakdown for Tesla that's like 70% autonomous driving and 2% robots. Of course what little they released to support this makes no sense and contains various fallacies. They also own like $10b+ in TSLA. The numbers only start to work if you assume that large swaths of people will trade in personal vehicle ownership entirely for robotaxis which Tesla has an overwhelming monopoly on. And that idea falls apart under any serious cost analysis let alone customer sentiment analysis.
Among states in 2024 CA had the third most Trump voters, narrowly behind Texas and Florida and way ahead of fourth place New York.
I don’t argue with cult members.
How can you forget about the Wankpanzer?
2025 was the last year the non-Tesla EVs were stuck selling a dead plug form factor. For people who don't know, Tesla's plug is like USB-C while CCS-1 is like the [fat end of USB-B](https://www.datapro.net/images/1675_large.jpg).
One is the top selling vehicle one is the top selling in its class. Sorry bro, your anger makes no difference in the real world.
Best user name ive seen in a while
A lot of people want basic ass cars that just work. Tesla's great software, simple design, and crazy good reliability (compared to most of the rest of the industry) is a huge plus for them. Nobody wants a Tesla in 2026, but they're dead simple and a lot of people really like that.
I'm still amazed that Tesla has given access to the supercharger network. On one hand, it is great to get revenue from owners of competitors vehicles and have yourself the spot as defacto standard. The same time, losing a unique selling point and eroding customer experience with increased traffic to the supercharger network seems like a net negative
I think you're looking at it completely wrong when it comes to the valuation. Way too many people trust Musk at his word, so when he makes a promise, they value it as if it was already accomplished, and they never look at the actual results. So it isn't "Tesla is going to build robots at Fremont, and there may or may not be a market for them, and they may or may not be behind technologically", it is "Tesla is the leader in humanoid robots and they are currently seeing massive growth in Optimus robot sales". In the investors mind, the semi is making Peterbuilt and Mack trucks obsolete, the Cybertruck is a runaway success, robotaxis are highly profitable and waymo is going bankrupt, and the solar roofs are being installed in record numbers. It isn't even the same reality these people are living in
it was an own-goal in 2023, brought about by Elon panicking that the 2021 infrastructure bill was funding a full competitive alternative to the proprietary Tesla plug, turning things into an Android (CCS-1) vs Apple (Tesla) plug dynamic for Tesla. No doubt Elon is an Android user LOL.
But, why is it that investors are supposedly clear eyed when it comes to other companies but gullible when it comes to Tesla? Musk is manipulating markets or the investor base is a cult or other such explanations don’t seem right. It would be useful to have a good explanation around this. I guess that was the reason for this subreddit, but we haven’t landed on a passable theory yet.
What's even funnier about this is that even with government-backing, the competitive plug could have just given Tesla even more of a most as people may be more hesitant to switch. But congrats to Tesla on having the standard and one less differentiation
I don't think people are as clear-eyed as assumed. Most companies aren't run by people with such a penchant for outright lying, and who aren't positioned as Tony Stark. People fall for shit like Bernie Madoff and Theranos all the time. Institutional investors see a way to make a profit because the stock is so divorced from reality that the promises or a known liar make it go up. I also wouldn't put the same standards on Tesla that I would most companies, because it seems like they are given a pass when others would be crucified. All that we can say though, for certain, is that the stock is irrational and valued in a way that it is divorced from all reality. The fundamentals of the company actually look pretty grim at this point, and the financial reality will likely pull the stock back to earth, violently, but god only knows that the actual catalyst for the story to finally be broken.
Have you used a linux desktop recently?
People cannot quit Elon Musk.
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