Dare Obasanjo

The Tesla Model Y is the world’s best selling vehicle of 2023.

Despite this $TSLA is down -25% so far this year. The company projected 50% sales growth but grew “only” 38% and profits are down 40% year over year.

The expectations are simply too high.

https://www.motor1.com/news/706258/tesla-model-y-worlds-top-selling-vehicle-2023/

Tesla Model Y Is The World's Best-Selling Vehicle For 2023

Preliminary sales information from JATO Dynamics and other analysis shows the Model Y had 1.23 million units sold in 2023, making it the best-selling vehicle in the world.

Motor1.com
Jan 29, 2024 at 2:20pmWeb
Show threadKeith (karmajunkie)Jan 29, 2024
@carnage4life i mean, i wonder why that is? surely it couldn’t have anything to do with its chief egotist inflating expectations?
Show threadRoo_44Jan 29, 2024

@kbg @carnage4life

Let’s not forget Kathy Woods helped,.🤣

Show threadAlyson DeckerJan 29, 2024
@carnage4life I get not reaching growth goals that are unreasonably high- but profits down 40% while being the best selling vehicle? That seems odd.
Show threadOliver SchafeldJan 29, 2024

"It's time to face the fact that Tesla is just a car company, and Wall Street should value it as such."

https://www.fool.com/investing/2024/01/26/tesla-is-just-a-car-company-wall-street-valued-it/

Tesla Is Just a Car Company, and It's Time Wall Street Valued It as Such

Despite being valued like an artificial intelligence (AI) and technology company, Tesla's profitability is heavily dependent on selling vehicles, just like a traditional auto stock.

The Motley Fool
Show threadSan WuJan 29, 2024
@carnage4life Expectations are not high, at least not relative to stock price. How else would you justify a market cap that's more than the top 4 manufacturers in the world combined, but with 1/20 of the sales volume?
Show threadFeralRobotsJan 29, 2024
@carnage4life what's the main thing driving the drop in profit?
Show threadDaniel Keys MoranJan 30, 2024
@carnage4life https://insideevs.com/news/702783/byd-plugin-car-sales-december2023/
BYD Sales Hit Massive Record In December, Overtaking Tesla

In December, BYD has once again set a global plug-in electric car sales record, which allowed to achieve its annual target of 3 million units in 2023.

InsideEVs