Tesla Registrations Continue to Decline, but That Won't Stop Tesla from Dominating Electric Vehicle Sales - Latest Global News

Tesla Registrations Continue to Decline, but That Won’t Stop Tesla from Dominating Electric Vehicle Sales

Good morning! It’s Friday, May 17, 2024, and this is The morning shift, your daily roundup of the biggest automotive headlines from around the world, in one place. Here are the important stories you need to know.

1st Gear: Tesla sales fall another 12 percent

Tesla might have scored a small victory yesterday when it was revealed that the Cybertruck existed officially the second best-selling electric pickup truck in America, but it’s not quite like that I’m not out of the woods yet. After a massive 25 percent drop in new car registrations was reported in February, The declines continue for the manufacturer of electric vehicles.

In March, Tesla reported that New car registrations fell another 12 percent compared to the same period last year, Reports Automotive News. In total, more than 50,000 new Tesla cars were registered here in America in March. As Automotive News explained:

According to the data, Tesla saw a 12 percent decline in registrations in March compared to the same month last year to 50,474. In February, Tesla suffered a 25 percent decline compared to the same month last year.

“There are a lot of other brands that we knew were coming [with EVs] and they are here and they are competitive,” said Tom Libby, deputy director of industry analysis at S&P Global Mobility. “When Tesla dominated 80 percent of the electric vehicle market, the conventional wisdom was that it wasn’t going to last.”

According to S&P Global Mobility, Tesla’s share of the EV segment fell to 52.4 percent in March from 61.5 percent in the same month last year. Tesla accounted for 80 percent of electric vehicles sold in the United States in calendar year 2020.

The 52.4 percent market share Of course, that means Tesla’s declines aren’t enough to cause it to lose its title as the best-selling electric vehicle maker in America. In fact, the company is so far ahead that there is actually hardly any competition.

While Tesla sold 50,000 new electric vehicles, second-place Ford struggled to reach 10,000 electric vehicle sales. Behind it was Hyundai, which shifted 5,686 Electric cars in March and BMW sold 4,246 electric models.

2nd gear: China paves the way for the introduction of the self-driving Tesla

Here in the USA it is Introducing Tesla’s advanced driver assistance featuresAutopilot and full autonomous driving were fraught with problems. There have been fatal accidents, Videos showing equipped cars with technology turning into traffic and even the entry of Most users wouldn’t pay for the function. But that won’t stop boss Elon Musk from rolling out the features in new markets, and it now sounds like China could be next.

Musk was reportedly in China earlier this year to try to push the launch of Autopilot, but had to overcome some privacy hurdles before his plan could be put into action. Now, Reuters reports that lawmakers in Shanghai have begun paving the way for the introduction of Autopilot and FSD in China.

Secure data is currently being collected in China cannot be divided externally The country has been a sticking point for Tesla, which wants access to all the FSD information it collects. However, lawmakers have drawn up a pilot program that would allow certain companies to share some “important” data abroad. As Reuters explains:

The government of Shanghai, China’s market and economic capital, has compiled an initial set of “normal data” in three sectors – smart and connected vehicles, investment funds and biomedicine. These require the least regulation for data transfers, the government document says.

Under a year-long pilot, companies registered in the city’s Lingang Free Trade Zone, where Tesla’s Shanghai factory is located, will be able to transfer data on the list abroad without requiring further security assessments, according to the document provided to participating companies An event to announce the white list in Shanghai was made available.

As soon as the probationary period comes into effect, Tesla will be able to share research results and development data collected overseas in China to its teams in America. There it can use it to refine and train the FSD and autopilot systems.

3rd Gear: Stellantis joint venture will sell electric vehicles made in China

While we’re talking about China, let’s take a look Jeep owner Stellantiswhich reportedly has plans to do so Start offering electric vehicles made in China as part of a new joint venture that is in the works, according to the Detroit Free Press.

The Alfa Romeo owner has plans to start doing this offers affordable electric models made in China in nine European countries as well as select international markets including India and Australia. The move is part of a new deal between Stellantis and EV startup Leapmotor. As the Free press explained:

Stellantis CEO Carlos Tavares explained in a subsequent discussion that the lack of Chinese electric vehicles being sold in the U.S. influenced the strategy, but he also noted the impact of tariffs. The Biden administration announced significant new tariffs on electric vehicles and other products from China on Tuesday.

“There is no real Chinese competition in the US market right now,” he said, pointing out that Europe is a different case. “It looks like the US is going for very strong protectionism, while Europe is keeping the market somewhat open for now with a lower tariff rate of 10%.”

The cars will initially be sold in countries like the Netherlands and Germany, and the decision to bring them to America will all depend on tariffs, reports the Free press. This week the Biden administration has one 100 percent tariff on electric vehicles made in China and increased tariffs on other products, affecting more than $18 billion in Chinese goods.

4th Gear: There is a labor shortage at the Mexican Toyota plant

After Closing production lines at its facilities In Japan last year it emerged that there were also failures at the Toyota plants in Mexico. However, instead of being like that a result of computer problemsThe work stoppages in Mexico are due to a labor shortage.

Toyota plants in Tijuana, Mexico, stopped work for 19 days between February and March. reports Reuters. The shutdown came after local labor shortages impacted production and suppliers of essential parts. As Reuters explains:

Toyota halted production at its plant in Tijuana, Mexico, where it makes the Tacoma pickup truck, for a total of 19 days in February and March, according to two respondents. Technical problems at the plant were also a factor in the shutdown, it said.

Reuters spoke to four people at suppliers and Toyota. They all declined to be named because the information has not been made public.

Toyota is now working with some suppliers to ease the burden. Still, some parts makers are struggling to maintain production due to labor shortages, one of the respondents said.

In his works in Mexico Toyota builds models like the Tacoma for the US market. So far, the company has not commented on what the slowdown will mean for Tacoma orders here in America.

Neutral: Heading to the races?

I was looking through my summer plans for this week and noticed a distinct lack of race dates so far. Are you in the same boat or do you already have tickets for the hottest races? If so, where are you going and what are you most looking forward to?

On the radio: Alexandra Savior – “Mirage”

Sharing Is Caring:

Leave a Comment