Tesla's California market share tumbles despite aggressive price cuts

Re:Tesla's California market share tumbles despite aggressiv... by electrondood on Saturday April 22, 2023 @05:40PM (#35671166)

Market share is irrelevant. Tesla makes more in margin per car than their next 8 competitors combined.

Recall that Apple took 35% of the profit in the smart phone market with only 7% market share.

Also, Tesla's target market is not EVs. Their entire mission is to lose market share, by encouraging competition to transition to sustainable energy. Tesla's target market is all vehicles.

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Re:Tesla's California market share tumbles despite aggressiv... by TheLoafOfBread on Saturday April 22, 2023 @05:53PM (#35671248)

Are they? Since the last earnings margin went way down

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Re:Tesla's California market share tumbles despite aggressiv... by bagacrap on Saturday April 22, 2023 @05:56PM (#35671270)

Margins are crumbling and now the story is that they'll make it back by selling fsd.

On top of that, all the insane valuations assume both of the things (high market share of EVs and high penetration of EVs across car market).

Anyway you already knew that.

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Re:Tesla's California market share tumbles despite aggressiv... by nxm on Saturday April 22, 2023 @08:31PM (#35672210)

And yet they still have one of the best margins in the auto industry

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Re:Tesla's California market share tumbles despite aggressiv... by bagacrap on Sunday April 23, 2023 @09:52PM (#35682815)

Musk seems to think it's a tech company and margins are not so amazing for that industry.

If you think it should be considered an auto company the valuation is even more ludicrous.

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Re:Tesla's California market share tumbles despite aggressiv... by itsoktocry on Saturday April 22, 2023 @07:06PM (#35671724)

Mercedes just reported ~14% margins and rising, Tesla reported 19% and falling.

Bit of a gap, but not 3x anything. And Tesla plays a little fast and loose with how they capitalize things. Oh, and they make huge margins off a product they sell that doesn't exist (fsd).

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