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Top tech analyst says electric vehicles from Jaguar and Audi are stealing market share from Tesla

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Toni Sacconaghi said increased competition abroad is responsible for the weakness in Tesla's sales volume.

Bernstein said increased competition abroad is responsible for the weakness in Tesla's sales volume.

The firm said increased competition abroad is responsible for the recent weakness in Tesla's sales volume. Tesla's financials have been weighed down this year due to the Model S an X volumes falling, the analyst said. In the first half of 2019, the Model S and X gross profit dollars fell 57% year-over-year, Bernstein notes. Typically, Tesla produces about 20,000 to 25,000 Model S and X cars each quarter, but a drop in orders brings the average to around 14,000 per quarter. Tesla's stock has reflected the weakness, as it has plummeted more than 30% this year.

 

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Noooooo......... And the sun burns their solarpanels. Seems like they need a bad luck cleansing. For a couple of dozens of billions, I really could do something. If you click to my profile information, you will find that I'm one of the galaxies best gurus. So.

Now lets see some affordable EVs get made. 👍 Looking forward to Toyota, Honda, and Nissan line of EVs 🚗

Does BeckyQuick “cuddle” with her “big” interviewees in order to get the interview?

LOL to whom some believed they would take them ? French ZOÉ maybe ?

I’ve said from day one. Tesla will be the Microsoft Zune of the electric market. Tesla’s will be a collectors item.

that's actually a great thing... it means EVs are here to stay and will become a greater share of the overall vehicle market

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Why Ron Baron is betting on his long-term Tesla investment'The company has grown 10 times in revenues since the beginning,' Ron Baron, CEO, chief investment officer and portfolio manager of Baron Capital, says in regard to Tesla. 'Next year, I think they're going to do $35 or $40 billion in revenues.' But they lose money on EVERY car they sell... It’s a fact negative coverage is bought and paid for propaganda by oil and competitors. They know how to manage capital and build. Never been bankrupt. That’s hard for a car company to claim. Uh huh
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