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Tesla (TSLA) releases Q1 2024 deliveries: disastrous results (electrek.co)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] sugar_in_your_tea 12 points 8 months ago* (last edited 8 months ago) (1 children)

Yup, demand for BEVs is going down. It turns out, the early adopter demand has been largely saturated and the mass market isn't particularly enamored with it. It's not just Tesla, it's pretty consistent across the market.

Prices need to go down, battery tech needs to improve, and infrastructure needs to be more convenient.

[–] [email protected] 6 points 8 months ago (1 children)

I think inflation eating the economic wiggle room for many is a bigger factor.
Unless of course ICE cars are doing better? But I think growth was not expected for ICE, but it was for EV.

[–] sugar_in_your_tea 1 points 8 months ago

Sales in the car industry are growing, while EVs are contracting:

Nearly all of the early adopters and people concerned about internal-combustion engines' impact on the planet have bought electric vehicles, and now automakers are facing more skeptical mainstream buyers, Edmunds Director of Insights Ivan Drury said.

My understanding is that hybrids are seeing the most demand, while EVs are seeing a drop in demand.