Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup

Tesla Finally Getting the Competition it Deserves?

August 21, 2019 By Young Research

By Alexander Kondratenko @ Shutterstock.com

Companies like GM, Toyota and Nissan have been trying to compete against Tesla for years with sub-par electric vehicle offerings. Inexpensive, but ultimately not up to the standards of vehicles produced under Elon Musk’s guidance.

Now, however, Tesla’s years of minimum competition may be over. High-end automakers like Jaguar and Audi are bringing new models to customers with features and performance that rival Tesla, and according to some analysts are stealing market share from the electric vehicle pioneer. Maggie Fitzgerald reports for CNBC:

Competition is weighing on Tesla’s sales, according to A.B. Bernstein.

The firm said increased competition abroad is responsible for the recent weakness in Tesla’s sales volume.

“Our analysis suggests that the deteriorating sales trajectory of the Model S and X may be primarily due to competition, particularly in Europe, from Jaguar and Audi,” said Bernstein’s senior technology analyst Toni Sacconaghi in a note to clients on Wednesday.

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.

Sacconaghi said Tesla’s sales weakness is brought on by competition, specially in Europe. New European luxury vehicles like the Audi E-Tron and the Jaguar I-Pace are all taking market share. Anticipated releases from Mercedes and Porsche could worsen the problem, he said.

Read more here.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • Tesla Wants its Money Back
  • Musk on Tesla’s Near-Death Experience
  • Tesla Slashes Prices after Missing on Deliveries
  • Author
  • Recent Posts
Young Research
Latest posts by Young Research (see all)
  • Happy Memorial Day! - May 30, 2022
  • Happy Easter! - April 15, 2022
  • India and China Quietly Eschew Sanctions, Buy Russia’s Oil - March 24, 2022

Search Young Research

Most Popular

  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Will the Fed Stick to Its Course?
  • Why Work When Taxes Take It All?
  • The Power of a Compound Interest Table
  • RECESSION? Dow 25,000, $8 Gas, Rising Interest Rates, Spell Mid-term Crack Up
  • Investing During a Recession
  • Is the Great Job Boom Over?
  • What Happens to Your Passwords When You Die?
  • Are Google, Amazon, and Microsoft About to Crash This Specialized Real Estate Market?
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • An Assault on America’s Central Core
  • Hillary Clinton Claws at Relevance by Publicly Insulting Clarence Thomas
  • RURAL RENAISSANCE: America Finds the Country Again
  • The Best Investment Strategy is Simple, Like Analog Music
  • RED WAVE COMING? Americans Fear the Future of Biden’s Economy
  • Biden’s Approval Lower Now than Trump’s Was after January 6, 2021
  • With a Nod from Turkey, Finland and Sweden Speed Toward NATO Membership
  • 10th AMENDMENT: Dobbs Decision a Win for States’ Rights
  • What Just Happened? Fixing Its Historic Mistake
  • Why Work When Taxes Take It All?

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2022 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.