Haven't looked at Tesla's complete figures , but however if you do , I reckon you have to put it in a more complete perspective. Not just scaremongering through social media
Like for instance lets say the average sales price across their product offering is $85,000 , then the number of units produced this year is 301,412 in achieving that $25.62 billion , and which is an increase of 15,294 vehicle units compared to last years 286,118.
So that's a lot of Sales Dollars generated from what amounts to very few units that other businesses would produce measured in number of units.
And we can compare all kinds of businesses and economic metrics if we want. Like the average ANNUAL number of NEW house starts in the US since as far back as 1959 is 1.433 million and were up 155% in 2023 compared to just 15 years ago in 2009 where the Industry hit its lowest ever point when new dwellings fell some 35.6%.
Apple alone sold 151.3 million iPhones globally in 2023.and currently sit at 30% global market share. Its worth mentioning that the first iPhones came on market in 2007 and since then Apple has sold around 2.32 billion IPhones and where there is currently 1.46 billion active iPhone users on the planet , and which is expected to conservatively increase to 1.56 billion by the end of 2024. And while Apple recorded around $212 billion in revenue for the first half of 2023 , its sales contribution from IPhones sales was $117 billion for an average selling price of around $1,160.
So basically in those 15 years of Iphone manufacture , 860 million have become obsolete , disposed and or destroyed . That's an average of 57.33 million units each year over those 15 years and represents 37.9% of new production each year.
So Apple at a MC of $3 Trillion Dollars v Tesla at US$651.23 Billion would seem really good value when you consider the potential growth in vehicle numbers Tesla will ultimately achieve against say FORD who had its best ever year of EV sales year to date for the 9 months in 2023 of only 20,962. And this compares to FORD's F-Series and Silverado truck sales of almost 1 million ( 976,791 ).
And that doesn't even include their actual ' Truck ' sales of another 275,554 vehicles.
So what happens then when Tesla ramps ups its Cybertruck sales where it expects to produce and I assume sell 275,000 per year....or moreover when FORD ends up converting its F-Series customers to go ' Electric ' with their current numbers of 573,370 vehicles currently being produced for the 3rd quarter Year to Date period.
I mean we can do this all day , but the point here is Tesla sales would have to fall away in significant numbers to indicate a major trend reversal in take up or even Industry sentiment.
Growth still on track in my opinion with battery minerals still being very much in demand going forwards.
Home sales haven't dropped since the GFC and are back on long term trend numbers , and in fact most NEW homes will be ' Green ' as well , and therefore putting even more demands on energy storage, charging , electrification and the use of batteries.
(20min delay)