Tesla Sales Down Bigly

[bambino]

Well well, Tesla model Y reclaims top spot for SUV sales in China for May.


https://carnewschina.com/2025/06/09/...china-for-may/

[HDGristle]

...but their Chinese sales are still down 30%

[bambino]

Originally Posted by HDGristle

...but their Chinese sales are still down 30%

You skipped the part that BYDs sales are down 20%. But the model Y is still King.

[HDGristle]

Trending in the wrong direction, bigly

https://www.autoblog.com/news/tesla-...igher-ev-sales

[HDGristle]

Asking some legitimate questions here

https://www.charlotteobserver.com/ne...308507535.html

[bambino]

Sales are booming in Norway.

https://www.reuters.com/business/aut...ay-2025-06-02/

[HDGristle]

Yup. Only bright spot in Europe so far

[bambino]

In China: Tesla has the strongest cash position BYD has the weakest.

After paying off debt (as of March 31, 2025):
• Tesla: +167.9B CNY
• BYD: -242.7B CNY

What does this tell you about the future of EVs?

[HDGristle]

Some Tesla shareholders are calling for Musk to step down. Not small rank and file. Some large institutional investors

https://www.actumoteur.fr/en/tesla-s...eek-27535.html

[HDGristle]

https://finance.yahoo.com/video/tesl...203209231.html

[HDGristle]

Tesla will be temporarily halting production due to excess inventory, sagging demand and low sales

https://www.msn.com/en-ie/cars/news/...ry/ar-AA1H7UpN

[HDGristle]

https://www.digitimes.com/news/a2025...era-sales.html

Tesla's global sales have sharply declined, with the US and European markets experiencing the steepest drops. Sources cite multiple contributing factors, including public tensions between CEO Elon Musk and US President Donald Trump, as well as intensifying head-to-head competition with China's BYD across major markets.

Tesla has heavily invested in automotive camera development to advance its autonomous driving ambitions, but insiders report internal indecision over design strategy and growing pressure from BYD's surging sales. Nonetheless, Tesla has asked suppliers to set up production bases in so-called "third countries."

Sources say Tesla's self-driving roadmap remains uncertain, prompting some suppliers, especially those tied to emerging projects like camera modules, to reconsider their involvement. The recent sales downturn has led several vendors to scale back or exit ongoing engagements.

The "third countries" Tesla is targeting are largely in Southeast Asia, with Thailand emerging as the preferred location. Dubbed the "Detroit of the East," Thailand offers a mature automotive supply chain ecosystem and a strong export base.