Tesla Faces Crisis As Sales Plummet Rapidly | China's Fault?

It is not China's fault that Tesla can't compete, that's Tesla's fault.

12 years ago Elon Musk laughed at BYD cars during Bloomberg interview, he said BYD cars are not good

Awesome coverage on these news topics. Getting better and better 😎

thank you，good new for consumer

Tesla cars start around US$40,000 in America. When their government continue to wipe out the middle class and enrich only a selected few elites, of course fewer Americans would be able to afford a Tesla! Outside of USA, where Chinese EVs are available, people often choose them over Tesla, because of the lower prices, better reliability, physical buttons, etc. The combination of the above two reasons will have serious impact to the profitability of Tesla.

Time to cut ceo salary...😂

BYD is possible Tesla killah. Betting against the Chinese is always a losing strategy.

A few years ago we all started rushing towards EVs as the solution but things are different now. People are realizing that it is not an "all or nothing" situation. There are other options beside EV. China is not to blame for TSLA's problems

What is putting me off getting an EV is cost of the cars and the lack of infrastructure charging points in the UK. I’m all for reasonable priced cars but the mileage and infrastructure need to be there.

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Boring unchanging designs, like the iPhone.

14000 jobs? That is rough

Tesla uncertain of entering India ,Tesla to invest in Phillipines ,is it because Philippines support US intrests

Idiots will say EVs are finished as they are wrong about EV sales as they are up in the largest market in the world China which is 38% of all cars sold in the world and rising. Pure EVs are 28% and plug in hybrids combined with EVs are 50% of the Chinese market, keep in mind during Chinese New Year and this is every year sales of cars crash as consumers don't buy cars during the holiday season. The car market EV or ICE in China is expanding and exporting to the world including owning companies like Volvo and lotus (GEELY) and owning 23% of Mecedes Benz (GEELY & BAIC) that people don't realize. The products coming out of China are amazing and reliable as i have witness and owned in my fleet in Australia firsthand.

Where are you from?

Apple was too confident of its brand name to the point of complacency that there was no new innovations on its iPhone 15 lineup, except an expensive titanium band around the edge. It is no surprise that Huawei's Mate60 and now the new Pura70 reclaimed almost all lost market shares from Apple in the Chinese domestic market. Likewise, Tesla walked the same path as Apple's. Perhaps, Elon Musk should take a page from BYD and offer at least a new model each year instead of just 3 in the past 5 years. Old models simply look dated and will no longer attract the interest of the buying public. And Elon Musk must also be alert to the fact that Mercedes-Benz, BMW and Audi have entered into contracts with CATL for batteries and battery management systems for their high-end EV's to compete for top dollars with Tesla.

Tesla's Q1World Sales: 2024-387K 2023-423K 2022-310K 2021-185K 2020-88K 2019-63K 2018-30K. So yes, Tesla's sales were down a disappointing 8% in Q1 over 2023 at a time when overall EV world sales were up 21% w/ China's EV sales growth of 31% leading the way. On a positive note, that 387K figure is still 25% above Tesla's Q1 2022 world sales & more than double 2021 Q1 sales. Increased competition is the #1 reason for Tesla's sales woes. However, I believe anti EV propaganda here in N. Amca & in Europe is also a significant factor (Tesla being the #1 target). The vultures include the fossil fuel industry, the legacy auto makers & unions, the media, both mainstream & social, as well as the extremist protest groups i.e. those burning Tesla's in Germany.

It can be seen from recent news that the United States and Europe have clearly slowed down or even given up on the promotion and manufacturing of new energy vehicles. Tesla's impact on the traditional transportation industry is huge and far-reaching, but the problem is that the European and American markets and those traditional car companies that have long controlled this market are not truly prepared. The reason is very simple. Without soil, you cannot cultivate towering trees. China's power system, energy system that can maintain security, and the market created by a stable and prosperous society are the real foundation. Secondly, there are the industrial technology foundation, investment and other fields that serve the market. I personally do not think Tesla is a challenge or opponent to Chinese new energy vehicle companies. On the contrary, I think it is a friend of the Chinese people and a model of healthy competition between China and foreign new energy vehicle companies. I hope more foreign companies and capital will participate in fair and just competition. If Tesla collapses one day, the problem will only be with Western governments.

Tesla car is fine but the truck is big no for me😂😂😂 I'm also planning to shift into electric if I go I'll go for xiaomi. The Design and colour attract me 😊