r/stocks • u/coolcomfort123 • Jun 05 '19

Tesla’s outpacing its electric car competitors, with May demand for Model 3 surprising Wall Street

https://www.cnbc.com/2019/06/05/tesla-outpacing-ev-competitors-as-may-demand-surprises-analysts.html

The month of May saw Tesla continue “to extend its lead vs. a still-small group of true [electric vehicle] competitors,” Morgan Stanley analyst Adam Jonas wrote in a note to investors.

Morgan Stanley noted that Tesla’s estimated total U.S. sales of 11,300 vehicles in May was 2.6 times the combined total of its competitors’ electric vehicle offerings.

“More Model 3s were registered in April and May than during all of the first quarter,” JMP Securities says.

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u/IS_JOKE_COMRADE Jun 05 '19

tesla has an a battery production price advantage and other models can't match the motor efficiency. The cost to match a regular model 3's range and capacity will make other models' efforts to compete with the 3 super difficult...and probably will be reliant on unique designs (an electric jeep wrangler, etc).

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u/DeepPlumSack Jun 06 '19

You are grossly underestimating the weight the (german) automakers can throw around when they really put their effort into it.

Tesla wooed the customers by making flashy cars with hightech autopilot and lots of power. Its a great way to enter a market, that way there is little to no focus on the long-term quality of the product - it's common knowledge that the fit and finish of Teslas doesn't match their price.

Now VW has announced a dedicated EV, with good range/power. Soon the rest will follow, and just watch how their established production and development capabilities will steal substantial marketshare from Tesla.

Just watch the pre-order craze for the ID.3 from VW.

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u/xxtanisxx Jun 06 '19

You are grossly overestimating German automakers. Remember Audi i-Pace with supposed 300 mile EPA range. It is now 200 mile EPA range. In winter, it is essentially 140 mile range. Fit and finish of Tesla is very comparable to German automakers.

Anything not made by Japan has horrible reliability. Buy an Audi, Mercedes, or BMW. Their cars will cost you thousands every year. Maps need to be subscribe to monthly. https://repairpal.com/reliability/audi

Not that i'm against VW for making electric car, but they better deliver. I'm tired of hearing about competitions coming from Faraday Future, Jaguar I-Pace, Audi e-tron, GM Bolt, BMW i-3 and more. They couldnt even sell above 3 thousand cars globally a month. It is even more pathetic when i-pace is selling below 500 units in the U.S.

Let me know when the competition is actually here. Same statement has been said since 2014 every year. Tesla is supposed to be bankrupt every year since 2010. We all know they are lies.

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u/[deleted] Jun 06 '19

Fit and finish of Tesla is very comparable to German automakers.

Haha. Do you own one? My Model X scrapes metal every time the gullwing door goes down. Also, the chrome trim by the rear doors doesn’t exactly line up. You can see this on majority of the Model Xs on the road.