How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

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Thread: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

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    News Contributor Premium Member EJD1984's Avatar
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    How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%
    Seeking Alpha
    Anton Wahlman
    Jul. 7.17

    Summary
    • Tesla grew U.S. unit sales by 6% in the first half of 2017: From 19,030 units in 2016 to 20,140 units in 2017. This was way below the 50% target.
    • The main reason was the December 2016 introduction of the Chevrolet Bolt EV, which sold 7,592 units in the U.S. in the first half of 2017.
    • As you can see, without the Chevrolet Bolt EV stealing most of Tesla’s incremental sales, Tesla would have been close to meeting its 50% growth target.
    • The lesson here should be obvious: Tesla is the Titanic, and Chevrolet Bolt EV was the iceberg that stopped Tesla’s growth almost to zero (6%).
    • If this is the immediate impact from the Chevrolet Bolt EV, imagine what the next 135 competitive EVs in the industry pipeline will do to Tesla’s growth rate. Look out below.
    *Full Article at Link

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Bolt vs Model 3 will be interesting even though all they compete with each other is on price.

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Lets see now , newest Tesla just out , the model 3 starts at 35,000. in Canada , and is in the hot size market , the middie , plus it seats 5 . It has a range of 345 K's , 0 to 60 in less than 6 secs . It has quick charge outlets all over the place ( all right , all right...more in some areas than others! ) .One might add that when the temp. gets minus 20 to minus 40 , the tires get flat spots and life in the igloo gets rather invigorating such that an electric car is usually not the first thing that comes to mind . I know there is a point to this story , oh yes , that the strangling of Tesla , will of course see Tesla return the favor !! ?

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Cadillac better have an Alpha based All Electric before Tesla Model 3. They can do it! If I was them, (Cadillac) I'd be busy cooking it like now.. now now call it ET3

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    I don't think Tesla was planning for a 50% increase in US sales at all. In fact, their global first-half sales are exactly what they predicted last year -- around 47,000. There was never going to be production capacity for 50% growth in US sales.

    Besides, the Seeking Alpha article after Q1 said Tesla's US sales are plunging. A 6% increase seems like a huge improvement from that

    If I had to guess who "stole" Tesla sales this past quarter, my guess would be Tesla. Now that Model 3 production is almost here, a lot of people were/are waiting to see if there will be an interior/feature/performance update to S and X to create more separation and were/are holding off. Some of that already happened with 0-60 times for mainstream S and X dropping by a second or so in July. Plus there's less of an opportunity to convert Model 3 reservation holders to S and X buyers now.

    Seeking Alpha (always negative) and Electrek (always positive) are useless as sources of analysis of Tesla info.
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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Quote Originally Posted by mbukukanyau View Post
    Cadillac better have an Alpha based All Electric before Tesla Model 3. They can do it! If I was them, (Cadillac) I'd be busy cooking it like now.. now now call it ET3
    With all the franchise reboots these days, ya never know when Universal plans on coming out with their own ET2... Might want a different nomenclature.

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    The author of this piece is a total Tesla hater who writes nothing but click bait articles about them. The premise of the headline is so obviously flawed it's laughable. People that would have dropped $100k on a Model S or Model X bought Bolts instead. About as likely as S-class sales being lost to Cruzes. That said, based on the way Seeking Alpha authors are paid he's laughing all the way to the bank, too.

    I'm not a huge Tesla fan by any means, but that's the truth of this guy's writing. There are plenty of blind Tesla fanboys writing articles on comments on the same site if you want the polar opposite. The truth is somewhere in between.

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Of the people that bought Bolts; what Tesla were they going to buy again?

    The Bolt will impact 3 sales, but at this point, an unknown.
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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    I'll say this......the fact that big, old school General Motors beat Tesla to the affordable long range EV market is a really big deal for both companies. They are "releasing" the Tesla 3 now, but they won't actually ramp up production for another 6-18 months. The goofy little Bolt has been on sale now for a while, and "end users" are already claiming 230+ mile range without much effort on their part.

    Chevrolet is embarrassing Tesla with their Bolt by beating them to the market. If you don't believe me, just take a look at Elon Musk had to say about the Bolt. It's embarrassing to him that his swift little startup couldn't offer an affordable long range car before an "old world" Detroit company like Chevrolet could.

    I'll make a prediction: The Bolt will both outsell the model 3 this year and likely next year as well. By the time the Model 3's production is at full capacity, the 2nd generation Bolt will be a couple of years away and the new Nissan Leaf will be on the market. IMO, the Model 3 roll out was too damn slow. If you signed up for a 3 right now, Tesla's slow production rates would mean you are still 2 years away from your new car. There will be many more long range EV options on the market at that point.
    Last edited by member12; 07-10-2017 at 05:57 PM.

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Quote Originally Posted by Ed753 View Post
    Of the people that bought Bolts; what Tesla were they going to buy again?

    The Bolt will impact 3 sales, but at this point, an unknown.
    In the EV market, there probably is a tiny bit of overlap with the Bolt and other Teslas. These zero emissions cars are status symbols and social currency in some areas, and there aren't that many long range EVs out there yet.

    Steve Wozniak could afford any Tesla he wants (and he has bought at least one Tesla S in the past), and he did buy goofy little Bolt this year.

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Quote Originally Posted by member12 View Post
    I'll say this......the fact that big, old school General Motors beat Tesla to the affordable long range EV market is a really big deal for both companies. They are "releasing" the Tesla 3 now, but they won't actually ramp up production for another 6-18 months. The goofy little Bolt has been on sale now for a while, and "end users" are already claiming 230+ mile range without much effort on their part.
    I don't think that's an accurate characterization. GM has real-world EV experience going all the way back to the EV1; longer than any other car company. Plus GM has the engineering capabilities to beat anyone in the world if the company puts its mind to it. What they have lacked in recent decades is the conviction to stand behind their innovations.

    Besides, if you forget the actual names and ages of the companies, you'd come to a very different conclusion about who is old-school. Company X out-sources major chunks of engineering to partners, has Asian suppliers build major sub-systems, and acquires high-profile software startups with important technologies. Company Y engineers pretty much everything in house (even mundane things like seats and glass), builds the entire vehicle in a single facility in the US, and believes it's crucial for the company to have the ability to build every non-commodity part it needs by itself if it had to. Which one sounds old-school to you? Yeah, X is GM and Y is Tesla.
    Last edited by emh; 07-10-2017 at 07:36 PM.
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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Quote Originally Posted by Ed753 View Post
    Of the people that bought Bolts; what Tesla were they going to buy again?

    The Bolt will impact 3 sales, but at this point, an unknown.
    Quote Originally Posted by chris442 View Post
    The author of this piece is a total Tesla hater who writes nothing but click bait articles about them. The premise of the headline is so obviously flawed it's laughable. People that would have dropped $100k on a Model S or Model X bought Bolts instead. About as likely as S-class sales being lost to Cruzes. That said, based on the way Seeking Alpha authors are paid he's laughing all the way to the bank, too.

    I'm not a huge Tesla fan by any means, but that's the truth of this guy's writing. There are plenty of blind Tesla fanboys writing articles on comments on the same site if you want the polar opposite. The truth is somewhere in between.
    Was thinking the same when I read the article. A bunch of tenuous links and coincidences, I don't see Bolt sales taking away any material amounts of $70K+ cars. My guess is the Model S has been around awhile now and we are seeing a natural drop-off in sales.

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Quote Originally Posted by member12 View Post
    In the EV market, there probably is a tiny bit of overlap with the Bolt and other Teslas. These zero emissions cars are status symbols and social currency in some areas, and there aren't that many long range EVs out there yet.

    Steve Wozniak could afford any Tesla he wants (and he has bought at least one Tesla S in the past), and he did buy goofy little Bolt this year.
    It is not at all clear what the point is here. It kinda sorta seems that you are saying that Tesla buyers are Tesla buyers and not EV buyers with Steve Wozniak the exception that proves the rule.

    If this is the point, then my personal experience is to the contrary. I have one friend who owns and drives a Tesla--a Model X. My friend absolutely loves his Model X. However, he is also a strong proponent of EVs as a means to reduce our dependence on fossil fuels. As such, my friend strongly supports the Chevrolet Bolt.

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Quote Originally Posted by MisterMe View Post
    If this is the point, then my personal experience is to the contrary. I have one friend who owns and drives a Tesla--a Model X. My friend absolutely loves his Model X. However, he is also a strong proponent of EVs as a means to reduce our dependence on fossil fuels. As such, my friend strongly supports the Chevrolet Bolt.
    Your friend is not an aberration. There are a lot of people in the Tesla community (of course, not all -- there are fanboys everywhere) who are also strong supporters of the Bolt. And it's not just for environmental reasons. The longer Tesla remains unique, the longer they can get by without addressing the weaknesses of their vehicles.
    "The irony of the Information Age is that it has given new respectability to uninformed opinion" -- John Lawton

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    Re: How The Chevrolet Bolt Strangled Tesla's U.S. Growth Rate Down To Only 6%

    Quote Originally Posted by dslay04 View Post
    Bolt vs Model 3 will be interesting even though all they compete with each other is on price.
    I'd wait to see how much a Model 3 actually costs before assuming cost parity.
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