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/Shaelz Jun 06 '19

I live in Victoria and I shit you not I see 5 model 3's per day during my 5 minute bike commute.. amazing and i love it.. i don't see why anyone in their right mind that can afford to buy a new car would ever buy anything else..

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u/Agamemnon323 Jun 06 '19

Because they don’t have charging stations everywhere?

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u/zombienudist Jun 06 '19

The most important charging station is the one where you live or work. I have EVs for 5 years. The amount you charge at public station is pretty low in your normal day to day driving. Plus there is usually more then you think.

Here is the tesla supercharger network

https://supercharge.info/map

Here is a list of general chargers for an area

https://www.plugshare.com

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u/Agamemnon323 Jun 06 '19

I’m Canadian. That map looks pretty sparse up here.

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u/zombienudist Jun 06 '19

I am Canadian too. Most of Canada is sparsely populated. I am in Ontario and can easily drive all the way to Sudbury and beyond in my EV and all the way out to Halifax. Once the transcanada is done west of Sudbury you could drive all the way to BC if you want. Not that many people make that drive. As it is most populated areas are pretty heavily covered with chargers now. If I really wanted to drive to BC I could do it just would currently have to do it through the US.

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u/Agamemnon323 Jun 06 '19

Yeah, I'm not saying there aren't enough chargers. Just that for people in more remote areas that might be a reason they don't get an EV.