Tesla sales in China rebound a shocking 76% in spite of competitor discounts
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- Опубліковано 26 вер 2024
- Tesla sales in China rebound a shocking 76% in spite of competitor discounts
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#tesla #evsales #china #competitors #discount #price
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0:50 Wrong: Model Y in Germany is at 45k Euros! Go to the Design Studio of Tesla DE and have a look on your own.
We know month to month fluctuations occur for almost any type of product. The important thing is the overall trend, likely at least quarterly and yearly trends. Reporting on month-to-month fluctuations doesn't yield much value unless there's a significant event that can be directly linked to the fluctuation, like a major tariff adjustment, a vehicle recall, a vehicle fault, an incident, or even an interest rate rise or hold. Anyone who listens to the media about declining sales on a whim, with no other supporting evidence, is not paying attention to reality or is in denial of reality. The long-term EV trend is up and isn’t slowing down. Month to month data can be misleading if taken out of context and other relevant factors aren't appropriately considered and taken into account.
I am having my 2024Tesla model 3. The level of refinement, accelration, quietness... is too high that I believe people will choose Tesla over competitors
There will always be folks that choose differently from the majority or best practice. Why would anyone buy a Lada, Alfa Romeo, Fiat, Citroen, Renault, Peugeot, Opel....unimaginable but still happening.
@@HarrythehunCitroen make great cars, owned 2, both hardly cost anything in maintenance and were very efficient to keep for the decade I had them. First one I bought for £2500 and sold for £1800 many years later, diesel and drove everywhere in Uk and over to Europe. I’ll take it you never owned one and are just spouting 💩
@@paulb1951Are you talking about EVs?
@@janh-r8h not hard to work out!
The competition is way better!
I bought Model Y quicksilver 3rd May. Now being told likely delivery September. So much for lack of people wanting them….. 😂
really. what area, if I may ask?
Yes, which part of the USA and world are you in?
@@allcan4175 Perth Australia 🇦🇺
@@scottbreseke716 Perth Australia
Viking: Tesla sales up 76% in China. Frankly I'm surprised... Then proceeds to show the sales graph showing China sales literally up 75% then down 60% every alternate month. How are you surprised? 🤣🤣
In fairness to the Viking, he puts up the sales graph so you can see the real numbers and use the statistics whatever way you choose or prefer. You are correct that the sales swing wildly month to month so a month on month comparison is useless really. But comparing to previous sales in May of 2020 (11,000), 2021 (22,000), 2022 ( 10,000) and 2023 (41,000) shows that May 2024 at 56,000 sales was the best May on record by a long way.
I also noticed this.
@@zoransarin5411 Knowing what the graph looked like, Viking elected to make a video titled 'Tesla sales in China rebound a shocking 76%...'. Tells you all you need to know about this channel.
Remember Sam, Canada is supplied by Shanghai
A YoY comparison (+29.89%) would have been a much fairer way to represent the increase than MoM (+76%).
Tesla sold 55,215 vehicles in China in May, up 29.89 percent from 42,508 a year earlier and up 75.73 percent from 31,421 in April.
Sales was down because of the Osborne effect. The Model 3 was being refreshed and people were waiting for the new version.
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Listening to MGUY & E-Viking, Its like two planets, mars and venus! Both can be right oddly.
And these numbers are without the Performance version of the Model 3 available yet, and the Y suffering the Osborne effect depressing sales as many potential purchasers wait for the Juniper update (let alone the long awaited Model 2 that is on the horizon)
The Model 3 Performance models ARE available. My neighbor up the street got his a week ago, in the northern California area.
The local model Y HAS to be better in China to outsell the local brands even with locally made battery cells.
CATL is killing it.
Safety and piece of mind.
Checked the inventory online for Tesla in Ireland. Only inventory models are Model S (2 cars) which are a tough sell, as they are LHD.
Chinese brands dominate May car sales in China:
Position Brand Sales
1 BYD 268,226
2 FAW Volkswagen 124,029
3 Geely 123,768
4 Changan 95,739
5 Chery 88,873
6 Shanghai Volkswagen 83,713
7 GAC Toyota 69,593
8 Dongfeng Nissan 61,725
9 BMW Brilliance 55,301
10 Tesla China 55,215
So VWs are still doing well.
@@lewismay5909
Not if you believe Sam. It's in the brink of bankruptcy 😁
Best to do your own research.
@@hardi.howdy.983 I think the message is that you shouldn't believe Sam. He pushing a specific narrative and every video he makes is in support of that. Truth, facts and balance be damned.
@@lewismay5909 How much did they made money?
@@hardi.howdy.983 I think Ice cars included...
Well, the Tesla cars built in China are of reasonably good quality and they've "sorted out" most of the issues with this type of vehicle years ago. If I were in China I'd only get Tesla or a lower-end BYD model.
We might want to compare Tesla China sales to the overall car sales in China. My guess is that overall car sales are down due to economic pressures across the broader economy and that Tesla's percentage YoY might look pretty good within that economic context. The same might apply to all the Chinese EVs.
The Chinese are factoring in future value of FSD when purchasing.
I would rather have tesla with less horsepower. Rights now in the UK most Tesla cars have insurance group 50 due to their performance !
What is the profit margins on Tesla vehicles now. Are they actually making profits…?
Still profitable. They dropped prices and pundits threw their arms in the air - when they released Q1 results it was clear that all price drops were matched by decreases in vehicle cost - particularly batteries.
Without government subsidies, Tesla would be out of business.
Nope, they’re losing money on every car. This is a war of attrition. The last one left with any money in the bank will become the predominant EV manufacturer. All those dozens of other EVs Sam mentioned will be gone. No wonder hybrid sales are on the way up, too much confusion and hype for prospective EV buyers to wade through.
@@michaelnurse9089 Nope. Tesla is losing money on every car. Profits come from carbon credits and (miniscule) from grid storage (battery packs).
According to Autoline Daily, Tesla makes almost $5k per vehicle.
Effects of massive discounts?
Just one among many brands with massive discounts in China.
@@jameswalsh8837 They may discount themselves into oblivion. TBH as an engineer and environmentally conscious I’m not a big fan of EVs.
So you are environmentally riding a diesel pickup? Or what's it supposed to mean?
@@jantjarks7946 EVs are damaging to the environment and the wallet. I’ll stick to my Nissan Skyline 370GT Type-S. 16 years old and still going strong, an EV will last maybe 6 years and then it will be due for a new battery, the problem being the vehicles value will be so low that or won’t be worth it. So therefore a complete waste of money and time, not to mention an incredibly foolish decision…
Is it possible that lower quality cars are exported to qualify for government incentives at the destination?
The shareholder vote went well, Elon gets his pay and Tesla incorporates in Texas.
Don't count your chickens before all eggs hatch...more voting to occur during the meeting in a few hours!
If Tesla is doing so well in China, where BYDs are originally from, how the hell is BYD going to "beat" Tesla in the rest of the world?
Really,
How many full electric models do BYD actually have that compete with Tesla ?
I think 2, get it right please
2 may very well prove to be sufficient.
Two?
No worries then. Made of paper.
😂😂😂
I would be curious to see Consumer Reports on Chinese EVs and long-term reliability testing. Cars looks nice off the lot, but what about in 5 years? Maybe the Chinese realize Tesla quality is excellent, which is why they continue to sell. Based on the reports I've heard, I'm scare for Chinese EV owners; they sound like a money pit long-term.
Again with the Tesla advertisement here from Mr. Sam Evans
"There is some"? Sam!
This is your first language, dude!
Not the educated type, I guess 😁
FSD approval in China.
Tesla sales being up in China is not a surprise, as Tesla is still the gold standard. Sure, the heavily subsidized Chinese brands may be a bit cheaper, but that does not make them any better.
Tesla is getting compleat destroyed outside the US
Give me a break from ur government subsidies BS
Too much tofu dregs in Chinese EV’s so Chinese are falling back to more reliable models?
I wonder if its sales have increased now that people know china has allowed testla to install self driving in all its cars as the chinese are crazy about technology.
🤘
Everybody knows the best EV engineering is still TESLA, the king, the OG.
Bullshit
Old Sam is at it again with misinformation. He likes fudging numbers
What is the average cost of an Ev repair? Let’s talk some truth, instead of propaganda.
If you can't afford EVs, stick to ICE.
@@100c0c well that was not an answer 🤣
@@100c0c and many Ev owners are going back to ICE.
The facts show that they crash much less than any other! Who cares about repair cost if you died in a crash?
@@larrymans4 another non answer 🤣
👍👍
Say something bad about NIO so we know this one isn't AI generated deep fake video.
Don’t be surprised. Tesla is still the best in many aspects.❤
Who exactly?😂😂😂
they are cheaper for a good reason they are not as good.
China is a good place for Tesla's ... Tesla is a low quality cheaply built car , it will be tight at Home there
This reporting is so misleading and confusing , so lets just get the facts straight.
In May 2023 Tesla sold 77,695 vehicles from the Shanghai factory. Of these 35,187 units were exported out of China and 42,508 sold in China.
In May 2024 Tesla sold 72,573 vehicles from the Shanghai factory. Of these, 17,358 units were exported out of China, and 55,215 sold in China.
I guess you can always spin a positive story, and it is true the domestic Tesla sales in Cina is up significantly from 2023 to 2024, but if you look at total sales, which is what matters for Tesla, the total Tesla sales in May 2024 of cars made in China is down 6.6% compared to May 2023.
Maybe 6.6% sales drop is not a disaster, but remember the overall Global goal (before the year started) was to sell 25% more cars in 2024 than in 2023, so you better hope US and German build Teslas sell better.
Cheap does not mean quality. Even Chinese are tired of buying Chinese junk. Tesla is the future
Tesla is the past!
@@BrunoHeggli-zp3nlbegone troll
The Data shows that Tesla has the safest car on the road, from all independent sources. I own 2.
Cheers mate
ua-cam.com/video/dZ_G6mOSiqU/v-deo.htmlsi=_e4I7_QdFRBtMssr
I will just leave this up here.
Just an old guy upset about time.
@@hardcoreherbivore4730 an engineer who brings facts and figures and reality into the conversation verses a guy who simps for all things EV and doesn’t see the reality that EV does more damage than anything.
@@kevinW826 An unverified survey? That’s your guys proof. Anyone can respond to those, whether they owned an EV before or not.
Your attempt at appealing to authority is a typical logical fallacy.
Be specific, exactly what material in an EV are you concerned about?
@@hardcoreherbivore4730
ua-cam.com/video/OprBrJ2qrnM/v-deo.htmlsi=QGJUzvTIKqBJ-hTN
Somebody else is covering it. It’s verified now
Morning mate
Tesla is still doing well all over the world, obviously because of its good quality cars, but is already blown away by the diversity and high quality of NEV-vehicles in China. As Tesla will not be more innovative and does not generates in short time new popular cars (no Cybertruck, no Tesla transport truck, no sportscar, but new model 2, model S, coupe), it will become a second class EV producer in a few years.
Will this news report on Tesla vehicles from China require manual data extraction or additional support?
Canada also get Model 3 & Y from China.
Why not from the US through NAFTA?
@@larryc1616 Because Tesla wants to keep the US built Model 3 & Y for the US, because of the $7,500 incentive that Canada only have $5,000 from Federal Government. Some provinces such as Québec, BC, PEI that have some incentive over & above the Federal incentive.
What is worth noting that the average hourly wage for an auto worker in China is .59 in U.S. $ in Germany $30.66 and in the U.S. $28.03 that is the hourly rate minus benefit obligations.
nah, it's just tesla discount of $2000 on the cheapest models, nothing about it is 'shocking'
FSD in China is the difference.
Model Y is being treated as the benchmark by other manufacturers. It's competitors don't stand out from each other, but everyone trying to match Y specs and beat its price highlights what a good car it is.