Forums

LA Times Horrible Headline

LA Times Horrible Headline

I'm surprised I haven't seen any comments in the forum about the LA Times article. I don't want to post the link to give it more clicks than it deserves, but the headline is "U.S. sales of the Tesla Model 3 plunge 74% in January..." Is this a sensationalist headline? They sold 145k model 3s last year at a premium price. They're moving to Europe and presumably China to try and continue profitable sales at price point (while they work on bringing costs down). Then, once 2 years of pent up demand is satisfied -- and costs are such that they can make money selling a $30-something K version of the model 3 -- we will see what the true sustainable US market will bear.

The headline - and the article itself - makes it sound like the US has lost interest in the model 3 and Tesla may be in big trouble as a result.

Bighorn | February 11, 2019

That figure had been floating around in stories the past week. Disingenuous

casun | February 11, 2019

the headline seems pretty standard to me. a 74% drop is a plunge but i doubt it surprised many people who follow tesla. the drop was expected, if you ask me. i haven’t read the article.

Tuning In | February 11, 2019

Consider me a moderate when it comes to Tesla. They continue to have inventory (a small, not alarming amount) which indicates demand has been satisfied. As far as the 400k reservation, that is a it of a mystery. It was always estimated that half were outside of North American. Did a lot cancel? Are most waiting for a lease? Were they expecting $35k and full tax credits? Did they change their minds and decide to go and wait for a Model Y. It’s obvious that the balance of them are not interested or can’t afford the current offering, which means unless Tesla does something significant, sales will be lower this year than next.

ODWms | February 11, 2019

Everyone was trying to get their cars in time, before the expiration of the $7500 tax credit. It should be if no surprise that once that time passed, sales for the next month would dip. We’ll likely see a similar dip in sales in the month following the halving of the $3750 credit.

It’s all sensationalist “news” spinning. And it’s a testament to the decline of the newspaper industry on the whole. They should be writing headlines about that.

jimglas | February 11, 2019

FUD

jordanrichard | February 11, 2019

If in fact they "plunged", that because they are shifting most deliveries to Europe. I know that is a "line" that GM used to explain away the significant decline in Bolt sales, but from my understanding, that was basically a lie because the Bolt was sold as a Opel in Europe but that since GM sold off Opel, the Opel version of the Bolt was dead in the water.

Hal Fisher | February 11, 2019

I would not have rushed my purchase had I known they price was going to stay about the same. I actually just happen to lose about $5k in stock because of it. This is on tesla, they yelled fire (of course they’d rather have the cash then lower the price or layoff the workers).

Tuning In | February 11, 2019

White wine

sroh | February 11, 2019

"It’s all sensationalist “news” spinning. And it’s a testament to the decline of the newspaper industry on the whole. They should be writing headlines about that."

+1 ODWms. The LA Slimes has always expressed their biases in much of their reporting. You can be assured their bias is towards whoever is contributing the most dollars.

Pepperidge | February 11, 2019

They can gain views from anti and pro Tesla with negative headline, just trying to keep their business from dying.

Mike UpNorth | February 11, 2019

And for the record.... January historically is by far the worst month for car sales of all models and brands....I didn't read the article but doubt they mention that fact.

Mike UpNorth | February 11, 2019

All car sales 'plunge' in January.....not to say as much as Tesla but it is still a thing.

neylus | February 11, 2019

How many car manufacturers have ever had to fill a backlog of 200k orders in a year? Stupid article, of course they dropped.

gballant4570 | February 11, 2019

Hungry hacks get clicks when they use "Tesla" in the title of their zero value crap stories.

wiboater4 | February 11, 2019

Quick someone call the SEC . Maybe they'll fine them like Elon.

Lonestar10_1999 | February 11, 2019

Tesla could easily spur demand any time they want. They simply need to fulfill their end of the bargain and sell the M3 for $35k to anybody with a valid $1k reservation.

spuzzz123 | February 11, 2019

@Lonestar and they will as soon they exhaust excess-demand for the premium versions inside and outside US. It would be reckless and irresponsible to do it any other way, don't you think?

markr7 | February 11, 2019

Even my parakeet has requested that I remove the L.A. Times from his cage...

rxlawdude | February 11, 2019

I posted about this the day that article came out. Russ Mitchell is the resident LA Times auto writer, and hates Tesla. I've corresponded with him, and a couple of years ago he was pissed at Tesla because they wouldn't "give" him a Model X to review.

He's also engineered last week's headline that Tesla's M3 Autopilot was rejected by EU. Of course, later that very day, EU approved it. I emailed him about that. No subsequent correction. Crickets.

Any news source dependent on automobile manufacturer advertising has a conflict of interest when they post trash like Mitchell's columns.

rxlawdude | February 11, 2019

@markr7, your parakeet is no bird brain.

gcklo | February 11, 2019

Mainstream media and big oil will not miss any chance to badmouth Tesla.

billlake2000 | February 11, 2019

markr7, excellent post!

Mike83 | February 11, 2019

People wonder why there is no good journalism. This proves it.

DTsea | February 11, 2019

It is pure FUD. TESLA doesnt even report monthly sales figures.

bj | February 11, 2019

It doesn’t matter how much Teslas sales drop in the US, what matters is how many Teslas are sold globally. USA != world.

If Tesla sold all production in Q1 to Europe and Asia, then USA sales would drop by 100%. Would that prove Tesla is on the verge of bankruptcy?

Absolutely pointless piece of data.

jjgunn | February 11, 2019

LA Slimes....$#@r+ TSLA?

The biggest thing is big auto & big oil. They pay newspapers & TV an obscene amount of money for advertising. If they tell the papers/TV to "Rip Tesla" even if it's fake news the paper/TV will do it to continue getting their ad revenue.

That's all this is ever about....money. it's truly that simple.

finman100 | February 12, 2019

how do these types of things work on so many of the masses? I mean, really? It seems too easy for people to not think beyond a headline or a sound bite or an anti-EV ad.

Why did our system of media get so corrupt? How?

how so many are so fooled by these tactics is foreign to me.

I guess no need to offer any answers as the 2016 election proved out. sigh. WTF.

Neomaxizoomdweebie | February 12, 2019

Keep your Teslas clean and shiny, folks. The best way to get through to the masses is for them to see our incredibly sharp cars of the future as we quietly zoom past. The media will never be our ally. They suck.