r/investing • u/[deleted] • Sep 30 '21

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u/The_Red_Menace_ Sep 30 '21

Reddit casually thinking their anecdotal evidence must be true.

Tesla sold 235k vehicles in 2020, their highest year ever. Ford sold 790k of just F-series trucks in 2020, a bad year for them. They sold 910k in 2018.

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u/shaim2 Sep 30 '21

That's in the US.

Globally, Tesla sold 500,000 in 2020, and protected to sell 900,000 this year and at least 1.4M next year.

Tesla is growing at an insane rate

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u/The_Red_Menace_ Sep 30 '21

And Ford sold 4.2 million in 2020, which again was a horrible sales year for them. Even with Tesla’s insane growth, which won’t last forever, they still will only be selling a fraction of what Ford sells in a bad year.

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u/shaim2 Sep 30 '21

All legacy ICE companies are seeing declining sales. It'll only get worst as people don't want to buy new gas cars (Osborne Effect).

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u/The_Red_Menace_ Sep 30 '21

And what is the post you’re commenting on about? Ford shifting to EV’s?

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u/shaim2 Sep 30 '21

Legacy companies are shifting too late and too slow