Tesla sales collapsed in August# Stock
k*n
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http://www.thestreet.com/story/12866305/1/bmws-electric-car-cru
On the fourth month of BMW selling its all-new, from-the-ground-up electric
car, the numbers show sales of BMW's i3 are 70% higher than Tesla's (TSLA_)
in the U.S. market. According to industry authority insideevs' best
estimates, Tesla sold 600 cars in the U.S. in August compared to BMW i3
sales of 1,025.
Part of this story is not just BMW's sharp increase in electric car sales
but Tesla's spectacular collapse in U.S. sales this year. Tesla's August
number represented a 54% decline over last year
Tesla's U.S. sales collapse was even worse in July -- a 72% decline from
last year. What about the first half of 2014 as a whole? Tesla's U.S. sales
fell from 10,050 cars in 2013 to 7,400 in 2014. That's a 26% decline.
...
Meanwhile, in some other European countries, according to their monthly auto
registration statistics, Tesla's August sales numbers practically round to
zero:
Finland: 8
Spain: 1
Italy: 4
Estonia: 4
Belgium: 26
Holland: 70
Austria: 9
On the fourth month of BMW selling its all-new, from-the-ground-up electric
car, the numbers show sales of BMW's i3 are 70% higher than Tesla's (TSLA_)
in the U.S. market. According to industry authority insideevs' best
estimates, Tesla sold 600 cars in the U.S. in August compared to BMW i3
sales of 1,025.
Part of this story is not just BMW's sharp increase in electric car sales
but Tesla's spectacular collapse in U.S. sales this year. Tesla's August
number represented a 54% decline over last year
Tesla's U.S. sales collapse was even worse in July -- a 72% decline from
last year. What about the first half of 2014 as a whole? Tesla's U.S. sales
fell from 10,050 cars in 2013 to 7,400 in 2014. That's a 26% decline.
...
Meanwhile, in some other European countries, according to their monthly auto
registration statistics, Tesla's August sales numbers practically round to
zero:
Finland: 8
Spain: 1
Italy: 4
Estonia: 4
Belgium: 26
Holland: 70
Austria: 9
