Why Volkswagen Is Beating Tesla In Europe
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- เผยแพร่เมื่อ 22 ก.ย. 2024
- In the U.S., Tesla dominates the conversation around electric vehicles, but in Europe, it’s a different story. Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to become the EV market leader in Europe, where it has an edge thanks to local manufacturing, brand familiarity, and cheaper price points. But whether Volkswagen can broaden its appeal to become the global EV leader remains to be seen.
Germany-based Volkswagen Group has risen from the ashes of its 2015 emissions scandal to become the EV market leader in Europe, where the company reported that it had 26% market share in the first half of 2021. While Tesla’s Model 3 has been selling well in the region, Volkswagen’s local manufacturing, brand familiarity and cheaper price points have helped give it an edge over Tesla.
But as Elon Musk aims to start production at the Berlin Gigafactory by year’s end, Volkswagen’s lead could be short-lived.
In the rapidly growing EV market, analysts say the Volkswagen Group benefits from its wide array of brands, which includes luxury marques like Audi, Bentley and Porsche. VW’s most popular EV in Europe is the more affordable ID.3, a hatchback that starts at around $40,000. And in September 2020, Volkswagen released the ID.4, an SUV aimed at the global market that has since become Volkswagen’s top-selling EV overall.
However, Volkswagen still lags behind Tesla globally. Tesla delivered more than 627,000 EVs in the first three quarters of 2021, while Volkswagen sold about 293,000 cars. But Volkswagen, along with other traditional automakers and EV startups, plans to release an abundance of new all-electric models in the next decade.
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Why Volkswagen Is Beating Tesla In Europe
I don’t know who is in denial here, VW or CNBC. The most sold vehicle in Europe in September was the Tesla model 3 - not the most sold EV, the most sold vehicle! That’s without counting Giga Berlin.
CNBC still holds a grudge against Tesla... the channel still acts like a spoiled irritated kid. For that last documentary they did about (the succes of )Tesla, they talked to people who have at least a mild negative view on Tesla and Elon... it was so obvious what they were doing. CNBC can be very unprofessional
They count total sales. Not only per unit.
VW has many electric car types.
thougt the same 😂 vw (diess where is he) is f’d. also the other 2 🏴☠️
@@KaypangAsli I think that also shows Teslas problem. It is hard to make one model that everyone likes. VW group must have over a dozen entirely different models on offer now. So everyone can pick what they want.
@@andreasvelten476 This is not a problem (yet). When you sell everything you can possible produce of the current models, those become high volume products where you can drive down cost of materials and optimize production expenses. When Tesla starts to produce their own batteries in higher volumes, I'm sure we will start seing more models. But for now it does not make much sense economically.
I am living in Europe and had to decide on an EV as company car. I testdrived a Model Y and an Skoda Enyaq. Both are compareable in size. The Tesla was 20k more expensive. But that was not really important being a company car. My conclusions had been that Tesla is ahead in Software and charging (Supercharger network). And the VW/Skoda was ahead on comfort, Interaction design (due to physical buttons), space, security (Tesla did not even have a cover for the trunk, so everything would be flying around in case of an accident). service network and brand trust.
We decided for the VW/Skoda and it is a phantastic car. The software is inferior. No doubt about that. But after all it is a car and not a toy.
20k is not a negligible difference.
@@zkdd23 it was on the company's dime, so no budget issues
It might seem that Tesla has increased prices to match production capacity. The price of a new model 3 has increased about 8000 USD since we got ours.
I came to the same conclusion basically and ordered the Enyaq. I must add that the leasing factor is 0.7 and thus really good. However, i ordered the car in July and still have no delivery date, not even an estimate. How long was the delivery time for your car? Greetings from Germany
What company do you work for ? VW
Short awnser - here in Czechia the entery level Model 3 costs as much as mercedes E class, whereas the base model ID3 can be had for the same money as a well specked Golf.
EDIT:
There have been some valid counterarguments, which I want to address:
1. Base model Tesla gives you a lot more tech than a base model ID3:
That's true, entery level ID3 doesn't have things like a heat pump, adaptive cruise controll (or vw offered a model without those, when I looked at it - they change it often). But especially the adaptive cruise controll/autopilot is one of those things that are nice to have but only useful when you drive long distances often. As they mentioned in the video, people here generaly don't drive nearly as much as you guys in the US (from my own experience I can tell you that driving 2 km to a train station, taking a train to a nearby city and moving around the city using trams, buses and trolleybuses is far more convenient and usualy quicker than driving directly where I need to go, likely because public transit vehicles have their own lanes and priority at bussy intersections; and I don't need a fancy autopilot to drive 4 km up and down a hill a day), so adaptive cruise controll/autopilot is one expensive thing that many customers can drop without remorse. Similar arguments can be found for many other software features of Teslas that VWs lack - nice to have but not really necessary for many people. VW at least gives you the option to not have what you don't need/can't afford.
2. Once the Berling factory is running Teslas will get cheaper:
Again - that’s true. Once VW builds it's battery factories VWs will get cheaper. What’s the price difference going to be in 6 years is anyone’s guess.
3. Tesla has better batteries than everyone else.
Possibly true. I don't know enough about batteries to critisize other people's work but my instict tells me it's a bit more complicated than just comparing a hadnful of possibly cherry-picked paramters like capacity and charge/discharge efficiency plus I belive VW has partnered with LG and Samsung who also make some really good batteries. However let's give Tesla the benefit of the doubt - even then superior technology is not a golden ticket to success. They also need to turn it into product the general public wants and can afford and VW has a huge andvantage there.
Yeah, i think that's the point
A Model3 is more like a Golf GTI...
@@C4H6As That's still a diffrence of around 13 000 usd between entry level Model 3 and Golf GTI / ID3.
@@C4H6As yeah the consumer group for golf gtis might be lucky and happy about that but thats like saying yeah its enough to sell the model 3 for those maybe 9% of car drivers within a nation.
@@frogg8891 There is massive depreciation and maintenance that needs to be done on the VW plus the cost of petrol is enough to eat up that $13000 in a couple of years. Bottom line is still the bottom line and this is entirely why people are moving to EV. The difference between the ID series cars and any Tesla is like comparing a yugo to a bentley( which is also owned by VW)
I'm still amazed that when speaking of diesel emissions cheating the part that is always left out is the rest of the auto makers who had similar cheat software for the diesels like BMW FCA Chrysler.... the information is out but it's hushed that anyone else was doing the same thing
Or the fact that no company but vw got hit with as heavy of fines and penalties
I think VW selling deisels in much higher numbers, thanks to heavily marketing their lies is the main driver for them being the main target. But yes, they all should have gotten enormous fines... but not equal fines
@@veganpotterthevegan I think it was because VW just bested Toyota and Chevrolet that same year in production numbers.... months later the diesel scandal hit and it was focused on Volkswagen
@@johnmoser2689 neither of those companies are nearly as big in Europe. And both sell a fraction of the diesel passenger cars in the US. Nearly all the diesel non-trucks sold in the US before that were from VW and their subsidiaries. WV's fine was fair. Everyone else should get fined too but per car, it would be a small consequence
@@johnmoser2689 No, it was because VW aggressively marketed their cars as Clean Diesel and then actively covered it up when they were busted.
It wasn't just some rouge engineers, the CEO of VW is going to jail for it. It was a cheating and fraud decision from the top of the company down. They are lucky they weren't sued into bankruptcy.
They were also the first to get busted and had the largest amount of cheating, and therefore were made an example of, and rightly so.
Who was funding the research to find these sophisticated cheating methods and why the EPA had already approved the cars
Virginia Tech had to get in touch with the CARB COMMISSION in California to further push the investigation
I would like to see side by side comparison numbers for all cars and trucks listed I can't believe a little VW turbo diesel pollutes anywhere close to what average turbo diesel trucks do
ill safe you 14 minutes: home bias and the fact that tesla currently just cant build more cars and has so wait for more factories to be finished
@Michel Bruns Tesla can build more BEVs than VW now!!! VW will not have the capacity to build as many as Tesla. Not to mention Tesla builds their vehicles more efficiently than VW .
The software in Tesla is far more advanced than what is in VW vehicles, but more importantly Engineers would rather work for Tesla than VW. This is what most miss about Tesla going forward. Their level of innovation and nimbleness is what leaves most manufacturers in the dust. The Tesla brand is synonymous with BEVs, more importantly Tesla Model 3 is the hottest selling EV in EU, when Giga Berlin is running at full steam Model Y will be the hottest selling EV in EU.
As for Technology, Tesla is the leader in BEV technology....and that has nothing to do with autonomous driving, which Tesla is the best positioned.
A better way to look at the BEV picture going forward, is to see what the companies plans are for production. VW isn't even planning to match Tesla's production levels going forwards. Part of the problem for VW and other legacy Automakers is Work Force. BEV (especially Tesla) require fewer workers. The BEV work force needs to be better trained and more nimble in abilities. This means the Legacy auto business will be a drag on BEV advancement, especially with companies that are Union shops.
Tesla does have serious competition that will probably overtake it as the leading BEV manufacturer. BYD is probably likely to be the new Toyota / VW, Tesla will largest premium brand in the BEV market. As for the Legacy Automakers, it is going to be a difficult road. Brand loyalty will be tested with EVs because their performance is so different than ICE.
www.motorbiscuit.com/tesla-electric-vehicle-10-hours-volkswagen-production-ceo-unable-keep/
@@tonespeaks i didnt read most of your comment, but i meant that tesla cant build/ship enough cars, IN EUROPE, to outsell vw there, which is the topic of the video, we are only talking about europe
@@michelbruns Historical event in the German models ranking: the VW Golf’s down -41% year-on-year it only holds 3.5% of its home market. In contrast, the Tesla Model 3 (+146%) takes the brand’s backloading in end-of-quarters to the next level and ends the month at #2 overall, only 58 sales below the Golf and smashing its ranking, volume (6.828) and share (3.5%) records in the process.
Here comes Tesla fan boi
@@xcortians482 If the Tesla fan boi is also a Tesla stockholder (like me) then we have a LOT to be a fan about. Ka-ching
CNBS is hilarious. This is after the CEO already said they need to change in order to compete with tesla.
They got another call from the oil and gass-holes that they need to step up the lies or their funding will be cut. 🤣🤣🤣🤣
Yeah because he wants to cut jobs lmao. Nobody at VW is against EV's and the workers council actually want to transition even faster than already planned.
Hey Kony Stark, Correction on the lettes CNBC It’s actually CNBS.Just ask Steven
Yeah.. CNBS!
This article overlooks Tesla's supply constraints. Tesla is selling every car it's capable of making. This isn't a zero-sum game where only Tesla or VW can "win". We're seeing the gradual conversion of the car market to EV, and Tesla's advantage is that their balance sheet isn't carrying ICE assets that will shortly flip to become liabilities.
I’m pretty sure the people that programmed my TDI to cheat on a test are more than capable of writing superior software for their electric cars.
ID.3’s software was full of bugs for a while from 2020 to 2021. Still needs fixing.
Hahaha! Nice one
Yes, they will probably lie about the efficiency of the cars. IMO.
superior to Tesla's software people?
HAHAHAHAHAHAAHAHA
I’m not necessarily a fan of Musk but his level on commitment to the EV cause is extraordinary. He dragged the entire industry forward by at least 15 years and forced every other manufacturer to re think and recalibrate their EV timeline.
that how it seems on the surface if you dont know the laws in the EU that were put into place in 2010 before Tesla had even sold a single model S.
Every single EV you can buy today has been in development for years because everyone knew since 2010 that they need an EV to meet their fleet emissions limits in the EU starting from 2020 on.
This video also fails to understand that entirely, its all thanks to regulations and not related to Dieselgate.
It's more government policy than Elon. Multiple countries have substantial EV policy and investments
@JohnnyFounder thats a real funny take on this considering Tesla is not producing any batteries right now let alone selling any to car manufacturers.
@JohnnyFounder oh i think we found another one here that really believes these false information.
Tesla does not produce any battery cells right now, they own the building but Panasonic is doing all the production for them since the very beginning because Tesla has no experience with producing battery cells.
Why not hydrogen?
Diess wants to move VW to EV's, but many at VW are fighting the change. VW needs Diess to survive the change.
Maybe that’s cuz no one wants to buy electric cars since their range is not enough to leave the state
VW and all the Europeans need to learn to be ethical first and they also need to earn to do honest business. They have only one god and that is MONEY.
He's going to get fired or just frustrated at their lack of willingness to convert and quit. I give him a year at most.
@@squidproquo2241 and whats different in the USA?
@@squidproquo2241 i think you meant the US there buddy
That certainly annoyed Tesla cultists here 😂😂😂
Their absolute faith in their great leader meeting ALL future deadlines (instead of past. past doesn't count), to control the entire world is endearingly naive.
Something wrong with supporting a company trying to make the world a little better? Imagine not breathing in all the toxic fumes every single day of your life because of Tesla.
@@khoatran415 no one is blaming any company here. But even you must admit the fact that there are some super toxic fanboys that hate anything that's not Tesla and the criticism against them.
@@khoatran415 there is def an issue with toxic fanboys as with everything toxic fanyboys are bad
You mean lying and making things up. Yep pretty annoyed
Just like the other day when Biden told GM they're leading the world in EV production.
You guys are missing, that Diess is under a lot of pressure at this moment and might get kicked off the throne at VW. His way to lead the company is not favorable for most high figures at VW.
that already changed in the last few days after internally clarifying that there is no alternative.
i think some petrolheads where a bit too vocal about their opinions. and the fear of losing a lot of jobs got some echo in the boulevard media.
i think his hard and consistent focus on EVs did not make him everyone's darling in the company. and recognizing the success of tesla with his buddy elon was a problem for others who only see enemies and no frenemy.
he will go through with his plans and no one can stop him.
@@stefanweilhartner4415 I would wish 🤞. I like his approach. Greetings from Bremen Germany
Tsla= Summon your car at your beckoning like a tech wizard.
VW=Fart to start.
Each appeals to a certain class of people. You can decide with your dollars what class of person you are. IMO one is CLEARLY the luxury brand 🤣
@@stefanweilhartner4415 "i think some petrolheads where a bit too vocal about their opinions. and the fear of losing a lot of jobs got some echo in the boulevard media."
No it's an internal thing and it has to do with the way many German businesses work. Diess, along with acknowledging they are years behind Tesla also said that the move to EVs would mean a reduction in jobs, and the union there doesn't like it. Unions have more say in Germany. So their Union is fighting against Diess. There's also a segment of the company that wants to slow the move to EVs, and this isn't VW specific, same is happening in the US. So, part of the management of VW along with the union doesn't want a transition to EVs to go as fast as Diess wants, and they could make a move to oust him.
Yeah office politics, involving other peoples interests. But why does it work in other companies but not VW?
I really hope that VW can afford to ramp up production of EVs and get positive margines one day so that the huge dept that VW has today can come down to normal size.
debt
@@anemeth9281 doubt XD
@@dragonmartijn Trust :)
VW group is corrupt inside out
VW will never go under, 25% owned by the state of Lower Saxony
I'll revisit this video in a year after Giga Berlin is up and running.
I doubt it will change much, Teslas are much more expensive and most new cars (atleast in Germany) are sold as company cars. The company i work for doesnt have teslas as company cars because they dont get a good enough price for them.
Correct!!!
You Americans don’t understand how stuff works in Europe
What cars are sold as company cars mostly? Estate cars! Tesla isn´t making them because they think nobody want´s them. The others are not making them to not not cannibalize their ICE cars. I think the first real, elegant looking and technically advanced electric estate car without SUV optics will be a great success.
This factory is going to create a whirlwind on the European car market.
You missed the part about Herbert Diess having significant pressure put on him from inside VW and possibly being forced out in the future for trying to push VW hard to EVs. He invited Elon Musk to a meeting of executives to discuss how to changed the culture of VW to make it more nimble. Diess has also spoken strongly about how worried he is that Tesla can build a vehicle in about 10 hours in the new versions of the factories, where it takes VW 30 hours to get through the assembly line. You also missed that the Model 3 was the best selling car in Europe in October, not just best selling EV, best selling car. Diess and the CEO of Ford have both spoken about how significant that is. This is the first time in the history of auto manufacturing when the best selling car was made outside of Europe.
Convienently missed those "Mic dropping" points. 😁
Tesla are not being blown away by VW, but VW has money behind it to be a serious competitor, especially if they are very focused on VW and take Tesla very seriously (which they do).
Also October hit many car makers very hard because of chip shortages. Something not affecting Tesla so badly. October car production in the UK for instance is the lowest since the 1950's. With not enough new cars, people have gone to buy 2nd hand cars with some 2nd hand cars apprichating by 60% in 2021 due to demand. I think Tesla may be the best selling new car but 2nd hand (1-3 year old) models of VW out sell Tesla.
Will be interesting to see if Tesla can sustain its top place once everyone else can start manufacturing cars again.
Tesla has a bad reputation on build quality something VW doesn’t have. The Tesla Model 3 starts over £ 40K in the UK far too expensive for a car of that type. The ID3 starts at a little over £ 30K so straight out of the blocks is attractive to more buyers. Tesla badly needs a small car in Europe that’s why it restarted talks with Toyota on technology sharing.
Not to mention that during the chip shortage Tesla was able to pivot to alternate supplies and their team was able to basically port the robust software to the new chip (with different instruction set) in about 2 weeks.
@@novainvicta Tesla will build its own small car...just as soon as demand for the medium sized cars decreases enough for them to care about it. Tesla is sold out for MORE than half a year on several of their models. Once the Texas and German GigaFactories come online...Tesla will dominate the EV market in Europe...just like they do in China and the US.
It does help that Volkswagen has a flexible dedicated platform, MEB, that allows VW to produce a large number of models fairly quickly (ID.3 and ID.4 now, ID.5 and ID.6 soon). Volkswagen is also developing a modified MEB platform for smaller cars that will replace something like the Polo model.
I concur. I am living in Europe and had to decide on an EV as company car. I testdrived a Model Y and an Skoda Enyaq. Both are compareable in size. The Tesla was 20k more expensive. But that was not really important being a company car. My conclusions had been that Tesla is ahead in Software and charging (Supercharger network). And the VW/Skoda was ahead on comfort, Interaction design (due to physical buttons), space, security (Tesla did not even have a cover for the trunk, so everything would be flying around in case of an accident). service network and brand trust.
We decided for the VW/Skoda and it is a phantastic car. The software is inferior. No doubt about that. But after all it is a car and not a toy.
@@arvedludwig3584 I did hear about that. But I think it applies mostly to US production. The chinese cars are better. Most likely I tested a chinese one.
It's been reported on other EV vlogs that it takes VW on average 30 hours to build their EVs while it takes Tesla only 10 hours.
@@richardcogbill6791 It is not important how long the assembly takes because that depends largely how pre-manufactured the parts arrive in the factory. If VW takes longer then most likely because it does more assembly inhouse.
It also helps that VW build quality is much better than tesla and they have a decent dealer network. US car manufacturers have never done well in Europe
Can't wait to come back to this video in a year and read the comments. 😂
why wait, come back now and read this comment..........................pleassseee!!!!!
@@colmcoakley3916 😂
come back, tesla has fallen off
@@nhkk2893 agreed, Tesla is currently exactly where they were a year ago. Could be worse though , had I invested in Volkswagen two years ago when I typed the comment I'd be down exactly 49%.
@@TheMadmax0609 VW ID.Golf was postponed till 2029, so let's check this again in 5 years 😅
I'd argue that VW was already bigger in Europe than in the US...so for that reason alone, it wouldn't be shocking to see VW EV's being accepted more readily in Europe than Tesla's offerings. People are more likely to accept a new technology from a company they already accept, then from one which appears new.
its also just untrue that vw has more demand than tesla, if you look at the numbers, tesla sells its entire quarterly shipment of vehicles into Europe in
Check Q3 2021 Ev Sales figures for europe... Tesla vastly outsells VW
Tesla doesn't make EVs in Europe meaning their supply is relatively low. So, even though demand is high, sales lag behind compared to places with Tesla factories. It's not complicated.
@@HopeIsFleeting You're 100% correct. Tesla currently only has supply for europe with what they decide to import from China. Despite this, they are still number one in Europe for Q3 2021 Plus number 2 in china... all from a single factory!
Plus, another significant point is that Tesla is the only EV manufacturer with any sort of profit margin on each car.. roughly 35% margin and constantly increasing. VW is basically selling EVs at a loss
Let's revisit this piece once Tesla begins production at its Gigafactory in Berlin.
VWWolfsburg plant makes already 1 M Gold a year, can switch to e-Golf anytime hahaha
@@brunokoegler2189 no. You can’t “just switch”
@@brunokoegler2189 oh, thats why VW plans to build a new plant in Wolfsburg for EVs. You can’t just switch to EVs in ICE-plants, to be competitive you need green fields, EVs from brown fields aren’t competitive in the long term. Tesla builds a car in 10h, VW needs 30h. Longterm that’s a huge problem.
@@brunokoegler2189 Its not just like an and on & off switch dude they need new infrastructure for EVs thats why Herbert Deiss is already sounding the alarm because not just Tesla but also other start ups who is not worry hurting their ICE sales whenever they sell an EV will eat the OEMs alive.
And once people in east Germany feel reminded of Trabi built quality when they get their first TESLA.
Because build quality and reliability mean something in Europe
Europe haven’t bought into to the overvalued hype of Tesla
Comical. Are you seriously claiming European vehicles represent anything resembling "quality"? European vehicles usually crowd the very bottom of the reliability scale, and most European cars in the USA are Lease and Dump vehicles only due to their dismal reliability and stratospheric maintenance cost after the warranty expires...
@@redbaron6805 Maybe because Muricans don't change oil
European vehicles made in Europe represent quality. Due to Americas less skilled workforce the cars produced there are also of low quality.
Also Tesla cars really are throwaway with their batteries.
@@illya3859 Not sure what you are basing that on. European cars are known to be notoriously unreliable and are considered basically leased cars you dump after 3 years.
And who would Tesla's be throwaway with their batteries and not European EV's which use inferior battery technology?
Your claims here make very little sense.
Just ask Audi E-tron owners, or Porsche Taycan how reliable these cars are... NOT REALLY.
This video is not going to age well. Giga Berlin is about to start production. Let’s see what the numbers look like in a few months.
100% of cars sold in Europe will be a Tesla. You just wait and see 😂
@@messijr5145 The fact that the model 3 was the best selling car in Europe without Giga Berlin up and running suggests otherwise. Fortunately for both of us, we can simple wait a few months and see how it plays out.
@@messijr5145 I am an european, never in my wildest dreams thought I'd buy an american car. Absolutely love my Tesla. I don't think people think of Tesla as being in the problematic american car category. Seems your president agree.
@@messijr5145 that’s why the model 3 was the best selling overall car in Europe in October? Imagine if they actually liked them!?
@@dubbelosexy That’s never gonna happen
I own a VW ID3, Will buy a model 3 next time……the software aren’t even close to tesla…it drives me insane on a weekly basis
This is exactly why VW is in trouble duet to their software
Go and drive tesla and tell me about rattles. You will be grateful that you drive id3. Drove both. Software is the only thing worth in tesla together with its battery technology
Software getting major upgrade monday. Wayray is gonna announce something afterhours monday and its probably gonna be connected to metamaterials buy MMAT. Your next car is Free. Your welcome 😅😁👍🏻
@@siiNke you can tell someone is a boomer when they care more about a 3mm panel gap or a lose piece of interior causing a rattle than the software/operating system
@@siiNke VW are junk I help out at a garage and VW are one of the worse cars to own and parts are costly.
Until Tesla Berlin opens Tesla is supply constrained. Silly story.
Yep… let’s talk next year when Giga Berlin is humming
The fanboys have already arrived in masses. Lol
As a Swede that just ordered my first EV and real family car cause children. I had to go with Skoda Enyaq/VW brand. I wanted to compare an Tesla model Y but for starting price at 20.000k more then an mid specced VW/Skoda it was easily out of the budget. Maybe in 3 years hopefully they can compete with the German factory!
Unlikely, Tesla will never move downmarket, they simply have to maintain their luxury margins to stay competitive.
It will be much less than three years...next year they will be pumping out Model Y's and will not have to pay transport or import taxes / fees. The supply shortage will end in the near future...and then the Model Y and Model 3 will be going back down in price to where they started. It's simply too few Tesla vehicles for the amount of demand for them right now. Giga Berlin and Giga Texas will start changing that next year.
@@xxXCromaxXxx which is ironic as wasnt the model 3 supposed to be the peoples car for 30k$?
Inte riktigt rätt att jämföra en model Y med en Skoda…
@@xxXCromaxXxx That's actually untrue. Tesla currently has a margin of >28% on the Model 3/Y, and this is being manufactured at just 2 factories currently, and expected volume will be around 900,000 vehicles for 2021.
This is important, because 2 new factories are due to begin low rate initial production of the 3 and Y in December 2021 in Berlin and Austin, TX. These factories are all new facilities designed to maximise production efficiency beyond the existing factories in Fremont, CA and Shanghai. When they hit full rate production in Q1 2023 we can expect the production numbers to go from 900K for '21 to above 2.5 Million by Q4 2023. This will enable Tesla to lower their prices significantly from the current 28% margin. The reason they are keeping prices high is because they can't keep up with demand, hence they've hiked the price by $7K on their vehicles as the order waiting time has blown out to 6 months. By 2025 we can expect a further 2 factories to be up and running which will see vehicle production increase to around 5 million vehicles per year.
This might seem incredibly ambitious, but lets remember the hard reality that the Berlin and Austin factories will have gone from an empty muddy field to producing their first vehicles in roughly 18 months, and the Shanghai factory did the same in a staggering 11 months. Tesla knows how to build their factories amazingly fast. And lets also keep in mind that the company has $16 billion in cash on hand, and only $2 billion in debt, not including their loan service to customers. Watch their revenue and earnings for Q4 2021. July to end September alone saw a net profit of $1.6 billion for the company, of which only ~$280 million was US government regulatory credits.
Ha ha I live in Germany. No way this is true.
Look at the numbers, ist wahr
It's only true because it's harder to get a Tesla in Germany than it is a VW. Once Giga Berlin is open, sales will be insane.
@@tobias7252 tesla model 3 was the best selling car In Europe in September beating the golf, I guess true in Germany and not the rest of Europe.
Great put me on your list!!!
@@HopeIsFleeting BS hahaha VW Wolfsburg makes 950 000 Golf a year, as much as Tesla in all fabs as of 2021! AND switch to e car is easy, same body tech etc!
4:31 So Volkswagen is beating Tesla with Evs and hybrids. You do realize hybrid’s do still need gas and are not fully electric cars so you can’t put those two together the hybrid and electric cars are two separate markets lol 😂
Hybrids and EVs are frequently combined into 1 category
@@derekwood8145 which they shouldn’t but in Volkswagens case it just helps there numbers look better 🤣
You do realize that e.v.'s run on electricity generated by fossil fuels
@@weirdshibainu lol am not even talking about that what am saying is that electric cars and hybrid cars should be two separate markets cause one still needs gas and the other is full electric. They shouldn’t be categorize into the same market just to benefit other automotive companies
@@Letthedogout you don't get it, 90% of trips are under 200 km / 130 miles, so hybrid means electric, and in case once a year for vacation, no stress end your trip on gas, maybe you'd short your TSLA stocks hahaha PER 400 ???
Most probably since Europeans value the quality of component consistency and assembly over pizzaz valued by Americans, Australians etc.
No, most Europeans value cheap and tiny cars.
@@KBS_ar Europeans cheap and tiny cars ? Audi, Bmw, Mercedes, Ferrari, Porsche, Lamborghini, McLaren, Rolls Royce, Bentley, Jaguar, Volvo, Aston Martin, Volvo, Polestar, Landrover all "cheap" and "tiny" :-)
Yeah these are very cheap cars compared to Ford, GM :-)
@@THEREALZENFORCE
When I say ‘Europeans’ I mean the masses not the top 1%.
Go look at the most sold cars in Europe, they are all cheap and tiny cars.
@@KBS_ar "Most cars in Europe cheap" ridiculous claim because the same cars in Europe cost (listing prices) more than the same cars in the USA.
The average VW Golf, Renault Megane costs more than a V6 Mustang. A BMW M3 costs way more in Europe as the same M3 in the USA.
It’s their territory 😂
funniest part is, the best selling ev in Europe this year was the model 3
@@KingFinnch no, it was the best selling car in September
the TESLA European INVASION has Already begun .
Tell that to the Chinese!
@DJProject2130 that was in the UK, i was just saying that the data pulled from the article in the video was wrong less than 6 months after it was posted
This "report" is totally off. I live in Germany, and there are so many more Tesla EVs on the road than VW EVs. The total number of new Tesla EVs registered in September 2021 was 7902, and the total number of EVs registered from all VW Companies (VW, Porsche, Audi, Skoda, Seat) was at 9262. Most of the people I know who have VW EVs work either (in)directly for VW or a dealership, or are VW fans. VW lost its share of the US market due to the diesel scandal, and no amount of blowing smoke up anyones ... will fix that problem.
tesla cars usually come once a quarter. vw cars are coming every month. so, the registration numbers from only one month is misleading. also the chip shortage is disrupting the real situation. over the last two years vw alone sold more EVs in europe than tesla. that will no change after ramping up giga berlin because vw is ramping up the factory in emden and will sell the id.5 and id.buzz next year. and one year later they will open the new factory in wolfsburg.
also, the plant in chattanooga will ramp up production in a few months and the ID.4 does not need to be shipped to the US. that means more capacity for europe.
it seems to go on like in the last years. while tesla is growing an impressive +60% per year, VW is growing around +100% in EV sales per year.
EV market is changing fast with the introduction of new options.
Curious example they all seem to be struggling for high tech, high power, high price range, high...
Then Dacia (Renault) comes along with the "ugly duckling". We call Dacia Spring! A bare bones vehicle to take you from A to B. Cheap, basic, simple!
Oops moment! Who knows, the fact is that in markets where it's availability is not an issue! It simply sell like hot cakes!
Treating vehicles as high tech products, real show cases of the latest technologies. It's all fine and dandy. But it's kind of obvious there's a huge market for simple, real world vehicles! I mean, when you go to the supermarket, or commute to work. Do you really need 5 or 6 LCD monitors! And all the games, videos, etc. etc. LOL 😂
Let's get real. I'm fascinated by technology as the next guy!
@@crpth1 yes, it is enough to drive from A to B. and that is what a car is for. also VW abandoned that 'cheap' market. VW and Seat and Skoda is now practically the same - makes no sense.
For me, the Dacia Spring is not the right car, because i need or want range. But i don't have 10k€ to spend for led matrix light and an augmented reality heap-up display.
Tesla fan boy you got to wake up😂Elon himself sold $10billion worth Tesla stocks, which says something about his confidence about the company
@@Krblkn tesla stock simply hit the ceiling. and now that he moved to texas, he pays less taxes for selling the shares. that is it :-)
It's not just the cars, it's the entire infrastructure:
If I would want to buy an VW EV or if I had any trouble with it, the next dealer/workshop would be less than 10 minutes away. If I wouldn't like that specific dealer/workshop, there are 3 or 4 more within 30 minutes of travel time. The same can be said for basically any other established brand like Mercedes, BMW, and VWs own brands like Audi, or Skoda. Tesla? The next "Pop-Up" is 40 minutes away, the next service center 2 1/2 hours.
Tesla may be able to build a "gigafactory" in two years, but the kind of infrastructure big brands offer takes decades to develop - and until they are able to provide service similar to VW et al. near me, I won't be buying a new Tesla, much less a used one.
Nico I have a Nissan e-NV200 have never been to the garage in 2.5 years since I bought it. A good EV hardly needs a garage.
I have a tesla since 2019. There was a noise on my steering. They came to my house and repaired it in my driveway. In covid times, I work at home.... it´s perfect, and FAR more convenient than a dealer experience.
@@renedalmeijer8260 you have to check your car every two years. teslas are really badly built.it is good enough for americans since they do not know how to drive. but civilized people want a well built car for that price.
@@Pr0nStYle You are right it is good to periodically check your car. My experience though with Japanese cars is that they are so well built they require much less checking then what is accepted as normal. The e-NV200 I have was actually assembled in Europe/UK but it seems Nissan makes sure they are up to the same standard as Japanese built. BTW I did my first repair since I purchased the car a new windscreen wiper for the co-driver.
To be fair tesla service is impeccable but yeah it is difficult to have that kind of infrastructure.
This aged terribly 😂😂
Tesla doesn’t have a plant opened in Europe yet … when the Berlin factory opens, what do you think is going to happen?
When the factory opens, they will build electric cars😆
one factory is gonna change the world :)))) because other companies just watch Tesla becoming bigger and bigger and not wanting a piece of the pie :))))
well i think Tesla should make a new model car rather than rely on mass produce model 3 and Y. It's pretty much boring if everyone car are Tesla model 3 or model Y
The trend mentioned in the video will continue. Ultimately as VW pushes out more EV models they are going to vastly outsell Tesla (at least in Europe). That is mainly because Tesla is a brand that offers premium cars that cost a lot of money. Meanwhile VW is going for volume products that cost considerably less. I'm sure the new European Tesla factory will be a huge success but it's unrealistic to think that Tesla will compete (in the long term) with high volume companies like VW.
The German people are doing everything they can to stop them giga Berlin was supposed to start in October bur some "environmentalist" called for review all over again to delay them when that was done they called for another again 2days ago
It's all about software. Is Volkswagen the new Nokia? As a German I am not sure if they can manage to get a competitive "software company"
German engineering is on another level to American junk.
America leads the way when it comes to technology companies though.
@@TimesNewRoumen Yes sad but true. Probably because we in europe still have a bit of a anicents when it goes about computers
Unfortunely all the best ingeneurs will work on Tesla and Space X .
it might take some time, but they will get there. don't worry too much.
I live in U.K. I’ve seen a total of 2 EV vws in past few months. I see many teslas every day
I see no VW ev in Sydney. Tbh, I don’t anticipate any EV from VW, anyway. Hyundai and Tesla dominate the EV market here.
Maybe it’s like how it is here in the US. Most units sold are mainly in certain select cities. So not many will see them in the wild for a few years. Also, most of what’s being counted as “sold” by a legacy auto brands are actually sitting at dealership lots waiting to actually be sold to a customer.
Depends where you are Tesla higher priced so in posher areas while vw cars are everywhere plus the id cars are far newer but I see them semi regularly.
@@sallydavies9253 Fair Point
Looking back at this is actually hilarious.
I like Volkswagens EV’s more because Tesla has a history of quality control issues.
are u kidding me. have u ever owned a vw. they fall apart just looking at them. the worst quality. so much plastic. we gave up on vw over a decade ago. the opposite of a toyota.
@@blomegoog i mean sure compared to the japaness cars everything is cheap plastic but VW's are def high quality cars you must have gotten a lemon if you really had that big of issues
Tesla built quality issues are highly over exaggerate by the media bcos on other car company gets more attention than twsla ask anyone who actually owns a tesla about built quality and let them tell you don't get you conclusion from the media
@@blomegoog Toyota is amazing I wish they come out with an ev
i owned one. it breaks down. Not a long lasting car.
So true that different commutes, road conditions and prices built totally different markets in Euro and US
Tesla Model 3 is a large car over here, and rather expensive. (not for what it is). And then there is the perceived quality issues in the fit and finish of the Tesla's. VW's aren't perfect either. The ID3 was a software disaster end 2019, but a extensive dealernetwork makes is a better bet.
@@JJVernig but if you have driven a model Y and then a ID 4, you do start to wonder why anyone would go for the ID 4.
@@EmilKlingberg because a id4 is 20-30k cheaper. Thats why.
@@EmilKlingberg ID4 is significantly cheaper, not even including tax credits. And even then it’s built better.
@@JJVernig Tesla will blow VW away as soon as the Berlin GigaFactory Opens up an starts producing at scale. The only reason that Tesla is not currently dominating Europe, is that they don't have their factory open yet. They have to split what they make in China with Europe.
Cheers!
Again, I rest assured that I as an informed retail investor I know more than the analysts.
Personally I fear that they are treating EVs as cellphones and that means introducing obsolescence into the equation. We will no longer be able to appreciate great vehicles that are 30 or 50 years old. I recently found an article about a person who rebuilt a wrecked Tesla and since the company had deemed that particular unit as wrecked, the person can't do a fast charge on Tesla's chargers anymore. Say good bye to your trusted mechanic and look into replacing your vehicle more often than expected due to it's built in obsolescence.
Very good point, and that drastically raises the carbon footprint of these new offerings ...
But with less moving parts ev's should last longer or do more miles, although the battery will need to be replaced...
Trusted mechanic lol
That has nothing to do with planned obsolescence. Damaged batteries are deemed too dangerous to let laymen handle them or to be used again without verifiable repairs and Tesla doesn't want to get sued because of something that stupid.
@@ehtuanK - Then that means Teslas are a dangerous design ...
The number 1 thing we need in America for Ev adoption are standardized charging ports, there's currently like 3 which in my view is unacceptable
hopefully, some kind of 500kW charger will be standardized everywhere.
CCS will be the most common standard. the japanese chademo is dying and even tesla is now adding ccs to their chargers step by step. at some point, tesla will use ccs for their cars too, to let them charge on ccs chargers.
Well technically there's 2, the one everyone else uses then there's Tesla. You might think there's 3 because there's, J1772, CCS, and Tesla. But CCS is just J1772 with support for fast charging, so it's basically one plug.
Use an adapter easy peasy lemon squeasy
@@iKingRPG Spot on!
The iconic sports car brand that is part of VW is called “Porsche” not “Porsch”! 🙈
looking for who tf asked
@@Convex. ok
Don't forget Janice (Joplin) sang "My friends all drives Porscheeees, I must make amends!" w/a nice twang.
@@vintageseattle - As for Janice, she was saying Porsches, as in the plural form of “Porsch” ...
Who cares? My daily driver is an old 924S and I certainly don't.
Imagine if the VW ID.3 had a Tesla badge? Would be a flood of YT channels with hype titles as "Game Over", "Genius", or "Every Automaker gonna get bankrupt". The power of having a Cult following.
Y dude its like Apple but for cars
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Hi CNBC. The whole point of this "report"/ad, is to highlight how VW is beating Tesla, yet the reality is that that is simply not true. Tesla beats everyone else, and having Giga Berlin open soon, even made Diess have a crisis meeting, as Tesla builds faster and cheaper than VW, and soon opens factory on VW home turf.
This is interesting, since the model 3 was the number one car sold in Europe last month. I wonder what will happen when the new plant ramps up and they aren't imports.
Source:
"FRANKFURT, Oct 25 (Reuters) - Tesla's Model 3 topped European car sales in September, marking the first time an electric vehicle has done so in monthly charts, research group JATO Dynamics said on Monday.
At 24,591 cars registered, Tesla's Model 3 recorded year-on-year growth of 58%, followed by Renault's (RENA.PA) Clio, Dacia's Sandero and Volkswagen's (VOWG_p.DE) Golf model, JATO said."
Prices for the Made-In-Germany MiG models will be lower than imported ones due to shipping costs and import duties.
Demand for Tesla's will remain super high as they ramp their local production.
This video makes a big deal about VW building a bunch of battery factories in the EU but doesn't tell you the expected output. All combined they're targeting ~240GWh by 2030. Tesla is targeting 100GWh in Berlin and ramping to ~250GWh as they build the rest of the phases. On one campus.
I'll bet money that before 2025 we see not only Berlin expanding their construction but a whole new EU factory being built by Tesla.
I wonder what happens when the rest pf the manufacturers actually can produce and are not screwed thanks to the chip shortage...
That s because Model 3 is the only model Tesla is selling in Europe. VW has for instance three main popular models and then you have the sister brands like Skoda, Audi sharing the market.
@@thomasthereal4067
They will continue to pump out many more ICE vehicles and under supply the BEVs being demanded by buyers…
Leaving more and more of a gap between the Pure BEV manufacturers and the mostly ICE manufacturers.
Tesla has deposits and / or back orders for nearly Two Million EVs.
The other automakers are failing to capitalize on the rapid transition of the industry to BEVs.
Partly because of poor planning, partly because of poor management and partly because of poor financials when it comes to BEVs.
Herbert Diess is the only major Legacy OEM automotive Exec to understand how fast things are changing…
And VW will likely fire him or try to demote him before the end of the next year. He’s telling VW the bad news and they don’t want to hear it.
Cheers
tesla has so few models, so that stat only sounds impressive
"Besting Tesla" and "Diesel Scandal" in the same breath says it all.
I would like an update on this at the end of 2022 with giga Berlin operational
They'll surely update this.
In EU VW and its subbrands are associated with quality, reliability, and good service network, while Tesla is just overpriced fanboys brand.
One thing not mentioned is that there is a long waiting list in Europe for Teslas and that they are sold before they even reach the continent.
Actually Tesla is the only supplier in Germany that does not have a waiting list today. You can get a Tesla right away while waiting time on other brands is between 3 and 12 mns
@@24goRillaZ intersting.
@@24goRillaZ That is because the other brands have not enough mass production like Tesla
@@TheGecko213 ahhhh, that logic kills me
@@24goRillaZ This is wrong, try ordering a Tesla model S or X now. It only shows "Pre-order" without them saying when you get it and what price. Can't get them.
VW is the most popular car in South Africa at one point I thought it is made here
It is. There is a plant in Uitenhage making VW Polo
@@nickvanrooyen3247 aww then it makes sense
Would be interesting to see when Tesla could get its $25K model into the market.
Tesla is regarded as a luxury car - it should stick to bringing premium cars, not compete with Toyota.
@@ahmedzakikhan7639 They already announce it in 2020. And the report said it would be released in 2023 at the earliest.
@@ahmedzakikhan7639 Tesla is not a luxury brand and wont sell "$25K" car in Europe anytime soon.
@@jonpetter8921 thats good
yes. in the matchbox car market
If vw was reliable as most Japanese cars, I would buy one.
The EVs are
VW in Europe is regarded As a very reliable brand.
who are these people at CNBC that think they know something about cars?
This is paid for by VW propaganda
qualified journalists who conduct research and fact checking i'd imagine
@@audience2 I am European and I can tell you volks wagen is doing a great job in Europe.
Vw is behind the eight ball, and will never catch up to tesla, in fact no one can catch up to tesla, because of the Elon Musk factor.
Teslas innovation rate is something other manufacturers does not even dream of implementing, because it is something that they do not grasp
@@frederikjrgensen252 your not allowed to say such things You'll offend and trigger the
Muskovites.
This video will not age well after Giga Berlin will start delivering vehicles.
Unlikely, Europeans don't have the same cultish obsession with Musk. European automakers are catching up quick, not only VW. Telsa already struggled in the past with no EV competition, let's see how they do when people can choose from a whole catalogue of non-Tesla EVs as well.
@@zagreus5773 Contrary to popular beliefs "cultish" customers as you call them are actually really low.
People want a simple reliable vehicle with low maintenance at an affordable price. All the extra blow and whistles like the great performance and games and other cool stuff.. are just some nice extras, in my opinion.
I really wish there will be better vehicles than Tesla. For us customers, the competition is excellent.
I just can't see when.. WV is having a hard time figuring out OTA updates and other simple and essential stuff.. that Tesla has been doing for a decade. And their technology for now is far from Tesla.
@@kpeterrafael Let's wait and see. Tesla had lots of problems as well in the beginning and the big automakers got late into the game, which is a shame, but they will figure it out in due time.
Meanwhile VW is valued at 5 times P/E while Tesla is valued at 160 times P/E
Tesla's rate of innovation is orders of magnitude higher than any traditional OEM. They say well Tesla may be selling at 3X the rate of VW (when you add in hybrids and the Eup city car), but just wait unit 2030. Do they really think Tesla will fall behind LOL. Tesla will be well over 10M vehicles per year by 2030.
@@rogerheuckeroth7456 If we are heading to a world with Robotaxis, why do you expect Tesla to sell 10 million cars by 2030? Owning a car is expensive because you pay insurance, taxes, parking and charging. Most people would just get a Robotaxi subscription. Tesla wouldn't be the only Robotaxi out there either. Baidu already has Robotaxis in China. If Baidu can do it, what prevents other manufacturers of doing it aswell?
@@imranarshad7302 Because Robo taxi widespread use is still many years away IMO. Owning a car will always be a worthy luxury that those that can afford it will own their own even if it does have true Level4/5 autonomy. I have to admit I'm looking at this on a US centric basis. For my use case a robo-taxi would be way too inconvenient. I have items in my car that I need for work. Also, how would Robo taxis work for rush hour? For those who commute to a job, they would all get on the app at once and request a Robo taxi for the exact same time. You would still need one Robo taxi per person for that use case.
@@rogerheuckeroth7456 Baidu already has Robotaxi's so I don't really think it's going to be that long away. Like you said, owning a car is a luxury. Luxury is not something the masses need however, which means that sales would decline, not increase.
I don't think Tesla would be the only Robotaxi on the road either. We could see subscription based services from many EV makers, but also from third party companies like Hertz and Uber.
@@imranarshad7302 I think Baidu is still in development. They still use a person in the drivers seat monitoring the system. Think full autonomy is still a ways off. And like I said it does not fit all use cases and would be constrained unless there was one robotaxi per commuter. That makes it less financially viable. I think widespread use is still over 10 years away.
Actually, Tesla was the leader in sales in Europe in the last quarter. Not elelectric vehicles, ALL vehicles (ICE, PHEV and electric.).
A simple google search might help you…!
@@ussamanayyer2570 Where do you think I got that info?
@@billedmonds7958 I don’t know maybe from other Tesla fanboys…!
@@ussamanayyer2570 I'm no fanboy, just an inveterate reader.
@@billedmonds7958 “I am no Tesla fanboy”, says every Tesla fanboy…Tesla was not even among the top 10 automotive companies by sales in Europe…So please stop spreading lies…!
I'm a European (I live in the Netherlands) and I hate to say it, but there's no way VW is beating Tesla over here, at least not yet. When you look at all the EV taxicabs at Amsterdam Schiphol Airport, or EVs in the Netherlands in general, especially in the company lease car segment, then you'd be hard-pressed to not to equate "electric vehicle" with "Tesla". Again, this might all change in the future, but for now, Tesla's holding a firm grip on the market, with several assembly plants in Tilburg, Netherlands and a brand new, soon-to-be-opened Gigafactory in the Berlin, Germany region (for manufacturing batteries and cars).
Well Tesla does sell a shitload of evs in the Nederlands. But its market share went from 50% in 2019 to 12,8% in 2020 to 5,4% 2021ytd. So you'll be seing more other evs pretty soon.
ie. Vw bev market share for the Netherlands: 12% 2019, 33% 2020, 28% 2021ytd
Volkswagen leading is like Brandon saying GM & Ford is leading the EV race in the US. The media today just sucks.
Well they do sell 2x more evs than Tesla so...
This isn't specific to Europe or Tesla.
American car companies have a flawed business model of asking for premium prices without offering competitive features for it owing mostly to the excessive car culture and hyper consumerist mindset ingrained through years of lobbying.
E.g- Even GM and ford failed in India even though local, german, korean and japanese companies are flourishing by providing the same features and better reliability for a fraction of the price.
Just my two cents.
But I think Tesla is different. Today they are making more 'higher end' products and selling them at a higher price point because there is a demand supply mismatch and they are taking advantage of that. But that is not their long term strategy. They have been very clear that they want to make driving itself obsolete and fill the world with low cost self-driving autonomous artificially intelligent robocars! And they are pumping back all the money they are making today into making that dream come true. And you can be sure they will make it happen.
And as for VW or any other manufacturer, they still have not, either understood Tesla's ambition or they just are not taking it seriously! And the chances are very high that all of them will go bankrupt in less than 10 years. And after that there will be Tesla and a few Chinese companies. Of course there will be a few others who make specialised cars for enthusiasts, but they will be small.
@@balaji-kartha they have been talking about a 28k tesla but honestly even that's a little too much when you compare that to EVs made by foxtron(Taiwan) or TATA(India).
Besides, non Americans drive a lot less on average so even having a smaller range won't matter in these sectors as long as it's cheaper.
@@shouryasanjeev9284 28 / 25,000 will only be the next step down from where are today. They started with 125,000, then 85,000 then 40,000 so 25,000 will not be their last product !! In this decade they will reach 5,000 or less and by then these will be robocars with no steering wheels or pedals and people would not even need to buy them! There will be fleet owners who will offer these cars to anyone who needs a ride !
@@balaji-kartha or or... We could have that car service as a secondary option and invest public money in walkable streets with good public transportation facilities like Europe where cars aren't a necessity for most people.
Helping with pollution, growing local businesses and building more interlinked, sustainable communities.
One large bus will always be better than 20 individual cars even if they're all electric.
@@shouryasanjeev9284 oh yes, of course! But that is not an either / or thing. Each of that is not exclusive to the other
The concept of urban living had to change (it was just too energy intensive and unsustainable, let alone being unhealthy), and this pandemic has (combined with us already being in the digital age) is forcing us to rethink on how and where we live and work
The concept of "downtown" (cluster of office and commercial buildings) now does not make sense. "Work from home" has shown that if we can have high speed bandwidth for digital internet connectivity (and mind you Elon has a solution for that too - his Starlink project that removes the need to lay thousands of kilometres of optical fibre cables) one can be living in the middle of a rain forest and still be connected to one's "office"!
So small community living where all one needs is a bicycle, if not walk, to go anywhere, will become common. Then of course public transport. We need to have electric buses. Then comes the question of producing electricity. Forget burning coal, why do we need large power plants in far off places with miles of electric wires to carry electricity? Highly efficient solar cells that can produce all the required electricity locally will be the most efficient way to go - (and Elon/ Tesla has a solution for that too - checkout their energy solution products!!!)
The point is, if humans have to survive long term on this planet, then we need to think differently about everything we take for granted today!
From January to October the sales of model 3 was at 101thousand and in a second place with 57thousand is ID3. I don’t know. Really is vw beating Tesla?
They are talking about their entire lineup but Tesla is beating them badly so much so that the CEO has had Elon speak to their leadership and the VW CEO admits they are not winning. Tesla's volume is low because they are servicing the US and EU ATM. Once gigaBerlin comes online, VW will barely be seen in the rear view mirror
The entire industry is in crisis mode, because of the changing perception of how the individual transportation of the future will look like.
To be remembered: In 2019 VW sold almost 11 million cars worldwide, operates over 100 factories all over the world, and has 600.000 employees.
That's what people think of when they refer to "economy of scale", with that alone VW will have a big advantage over Tesla.
Not to mention that they provide their workers with living wages, Government enforcement of Union participation, 30 and more days of paid vacation, bonus payments at year's end, Government subsidized retirement, * subsidized paid sick leave, * parental leave, company subsidized privat retirement plans, worker and union participation in company decisions by having seats on the company leaderboard.
@@AKAHEIZER if VW wanted to, they couldn’t sell 11 million electric cars for over a decade. Battery supply chain needs years to handle what Tesla has already ordered into. Additionally it would like VW group has some issues with batteries in their Porsche and Audi line ups. The bigger they are, the harder they fall.
The quality concept of cars in Europe is different than in the US. The painting, body assembly and interiors quality of a Tesla do not satisfy the requirements for most Europeans.
Most Tesla buyers never owned a luxury car before so they don't understand the lower quality they get. The sale gets harder when people used to high quality materials and construction come in. There is a limited market of poor people willing or able to over pay for cars though
Tesla takes 10 hours to make a Model 3, VW takes 30 hours to make ID 3 and GIGA Berlin has yet to open
Way different control quality too.
And it shows
This video was sponsored by VW.
the scariest thing is that they still think to sell ice cars in 2030 and not go full electric...
Everyone is a gangster until Toyota and Honda enters the ev market.
That's the thing, Toyota does not want to enter the market for at least another 5-10 years. They are doing everything possible to delay the fully EV revolution.
Toyota want to deliver the perfect EV, with a solid state battery maybe.
I give props to tesla for leading the EV Market in a shot term, but they arent in the same level as the og cars companies
@@JxcksonSF Yeah in the long run Tesla will lose its current position and Toyota isn't convinced Lithium is the way forward.
toyota and honda are so behind in terms of technology. The only reason they’re alive is because of their reputation
@@kristians2704 Toyota just launched a prototype runing on a solid state battery, just because they arent pumping EVs doesnt mean they are behind technologicaly
Who cares about who’s selling more, at least electric sales are on the rise and the future looks bright! 🙌
Tesla sells every car they bring to Europe, it’s not a matter of being outsold. This is just another hatchet job by CNBC on Tesla. The real test for VW will be when Tesla opens their new factory in Berlin next year.
It'll be a test for Tesla. They're still having issues getting their workforce together.
American company culture doesn't work well in Europe, that's why often big american businesses don't make it and get out of Europe sooner or later.
@@alhira5098 Don't know anything about US Corp culture in Europe... But I do know for sure that Tesla's culture is way diff from the typical corp culture - see their employee anti-handbook handbook. I also know that employees, including the production line workers, love their stock options.
What's great about Tesla is it already includes self-driving technology. None of the other EVs have that.
The best new Electric vehicle from VW is from his subsidary Skoda the Skoda Enyaq IV Coupe which will compete with the model y and can be bought for an affordable price.
But if you like buy it
But don’t spend your life compareing it to a Tesla because it not
Its nearly the same price as an model y long range if you want to same amound of options so no its not cheap just the base price but you need to add like 10-15k if you want the same amount of options that that tesla has standard and the model 7 har 350hp and the enyaq coupe has like 265hp in the highest trim with awd. And the Enyaq drivetrain is outdated compared to a model y just compare the effincy between the model y and enyaq.
@@stewarthalliwell Yeah Tesla are ranked among 3 worst reliable car brands according to consumer reports, over half all the ever produced Tesla cars have been recalled, panel gaps, FSD issues and inspection by authorities, stuck at level 2 FSD for years, stuck at 2017 400 volt tech for years, yeah Tesla is pretty bad compared to Skoda cars (quality, reliable, affordable)- And for 10k les than a Model 3 and Y, people can buy the car of the year Kia EV6GT (quicker recharge, as quick accelerations, same range, better interior, better FSD, can recharge other cars or electric devices) all better than the bad Tesla cars
It’s ugly And you can’t go anywhere
Great for Luxembourg
Tesla isnt trying to be everywhere right now. And frankly, it's a GOOD thing that this emerging market has seats at the table for other players.
But as you said, Tesla "dominates the conversation around electric vehicles". Mindshare that is far more valuable where they arent.
EV competition between companies will be good for all of us ☺ good to see
Currently Tesla can not make more vehicles as they are battery volume restricted. That is why there is a 14month wait on their cars. Wait for Giga Berlin and Giga Texas to triple Tesla current production. All current OEMs will be diminished to next to nothing.
wow..you sound like a 9 year old
ID5>MY
@@fathiah1741 Thank you bot.. you're the best.
@@tobias7252 Need to watch Sandy Monroe tear down of the ID5.. substandard build quality compared to the Model Y. Poor engineering and expensive manufacturing. The ID5 will sell for a while but do not underestimate the German people.. they are the first to understand quality and value.
VW ground has 136 production plants in over 20 countries with 670,000 employees. Once they scale up and share their tech amongst all their brands.... #Levels
This didn't age well, Tesla Model Y is the number one selling car in almost every market in Europe.
VW reports their sales as good, but actually, it is deliveries, as most VW EVs being delivered today are sold almost two years ago with 18 months of delivery., whereas new sales are dropping like a stone as the EVs never lived up to their expectations, software being poorly executed, the over the air updates never becoming a reality.
Volkswagen has now scrapped its EV platform and bought one from SAIC and acquired a 4.99% stake in Xpeng, most probably for manufacturing facilities making VW made in China and useless factories in Europe they ill afford to upgrade to EV production as their $189 billion USD debt and no assets of real value to offer as equity, banks or institutes are not going to be willing to lend out more money towards the development of EVs or restructuring of their business.
You can't trust Tesla.
Here in Ireland there are cases where Tesla forgot/failed to apply for the government grants on time and, instead of accepting responsibility for the mistake, they billed the customer.
Europeans aren't used to strange businesses practices like that and nor do they appreciate strange panel gaps and other build quality issues.
The supercharger network used to be a reason to choose Tesla, but there are other providers offering super-fast charging facilities and Tesla will soon be allowing non-teslas to use their facilities. So why buy from a dodgy start-up that doesn't seem to care about its own reputation?
Your loss buddy
Have No idea what you are talking about…
@@hunternewberry5860
Spoken like a true Tesla simp.
Tesla car sales are about to go BALLISTIC in Germany
If "about" means "in 2 years" .
very timely video lol, though i dont think it will age well by this time next year
Model 3 was the best selling car in Europe in September...
@@miguellopez3392 what you are sayings is kinda not true. Tesla topped in car registrations in september that is true, but that is because in some months very few teslas are registered.
@@frederikjrgensen252 The statement is perfectly true, far less misleading, than the title of this video you are commenting on.
@@retoblubber Not really VW is doing a great job in Europe and they may out compete Tesla. Europeans dont have American driving habits and no American car companies has succesfully overtaken the European car market. Europeans are not all about ev range which is one the advantages Tesla. They are more keen on price.
@@retoblubber Looking at the time you are writing means you are probably an american and has no clue about European driving habits and the European market in general.
VW beating Tesla 😂😂😂😂, on which planet?
The model 3 is actually the best selling car in Europe
I’m sorry…last time I checked the Tesla Model 3 was the BEST SELLING CAR in Europe. Not best selling EV, best selling car overall. So I don’t understand how VW is “beating” Tesla.
Exactly! This is a hilarious piece of journalism... clearly biased and uninformed. Amazing what passes for journalistic integrity these days!
apology accepted. Just don't let it happen again Justin...............OK?
On a more funny note the Dacia Sandero was third best selling in Sept 2021. Hope for simple good ol cars yet
They are comparing sales of VW's entire range of EVs to Tesla's entire range.
May be because VW sells more ev´s than Tesla in Europe ? VW has more models than Tesla. We takl about about companies not modesl.
VW sells more cars combined jesus…IQ 90?
You are missing the most important point, Tesla is making 30%+ profit. Once production meets or exceeds demand for Teslas, VW will not be able to compete. No manufacturer will unless the teardown all their factories and build new ones using Tesla's model. Even Diess says this.
Demand will exceed production for tesla until 2030 but that’s a good thing. They literally sell every car they make.
@@coolbluereview I agree, it will give them tons of money to keep growing. If and when anyone catches up, Tesla will lower prices.
Why there is no mention of Tesla's self-driving EVs?
This is great for us, the consumer, more competition among car manufacturers will translate into better and safer vehicles. I don't know if this also means more affordable necessarily.
I hope Tesla can manage to survive and eventually compete with the established car brands. Right now they are still ranked 18th place in Europe. What worries me is that Tesla is already starting to lag behind in self-driving. The Tesla FSD Beta only got level 2 approved by US authorities and the head of legal at Tesla declined an offer by authorities to re-evaluate the full release literally saying "the full release will not add any additional capability". I mean Mercedes already has level 3 self-driving vehicles on US roads. Plus its got much higher range than the Model S, it's direct competitor. Really worried right now that Tesla won't be able to become a rival.
Right. So hopefully everyone in Europe is making a better voice and buys a reliable EV not a Tesla or VW/Audi. We had Teslas in the shop. It's hard to even get informations to fix them if somethings broken, like the door handles or to calibrate the frontcamera. Volkswagen on the other hand just has glitchy software not just the EVs but also Tiguans, T6, (it's like a Ford Transit Custom), Golf mk8..There are here to safe production costs and to maximize provit without a fear of losing customers.
Nissans and Renaults are the way to go; cheap to buy and to run, for an EV resonably reliable, nothing to really worry about since Renault is building their EV car Zoe since 2013 sames goes for Nissans Leaf.
6 0
Not only that but cheaper material or defective *
@Jury Could Tesla is a joke when it comes to service, in my country you have 3-4 places that's it get real old driving a 100km for service and any one else just goes to a dealer close by. I'm more concerned about batteries tesla it's 20 k to replace and after 8 years warranty is over.... so after 10 years its end of economic life. Other care brands still keep going . My volvo v70 is 20 years old and it's stil good for an other 5 years ... E car... not so much 😕 especially tesla battery pack's are hugely expensive
Why are the likes of Volkswagen and Ford admitting they are way behind Tesla? Volkswagen even asked Elon to come speak with their leadership and provide advice how to be better?
Selling news by painting something as contradiction, secret or danger
No one cares about a Tesla anymore if you can buy a BMW, Mercedes, Porsche etc. with better build quality and same feature set. Tesla wishes it had the brand value of those.
Actually Tesla is one of the biggest brand in the world at the moment period. You're on a borad talking about it right?
"no one cares" meanwhile tesla with record demand
They sets always people who have their heads in the sand and don’t want to see the reality. It’s ok. Enjoy your life under the sand 🍻
I wanted a bmw until Tesla made the plaid S lol. I’m going for that Plaid S now. EV is the future and that model S plaid is truly ahead of its time. It’s also crazy high in demand so prob won’t get one for like two to three years lol.
@@khoatran415 actually I’d aspire for a Porsche over a Tesla. But if the choice is Tesla over VW … Tesla has the premium branding. But let’s be honest … market share wise Tesla will likely stay the leader … but it won’t achieve the premium aspirational branding if it also sell lower priced model. VW group got it right by having different car brands for diff target markets.
Meanwhile, Tesla sold twice as many EV than WV in December 2021.
Also meanwhile: CNBC desperately tries to hold on to their sponsors.
Lol I know. This is the exact opposite of reality. I don't even like Tesla but come on, their manufacturing costs and scale are lightyears ahead of VWs electric lines.
8:16 So Tesla is already down from 100% market share in the US to 63%. And counting ....
You realize that 100% marketshare is impossible to maintain if anyone else makes any EVs at all? 😂
It also comes to price point, most people will be happy to buy an inferior product if it’s cheaper and meets their needs.
They will end up around 20-25%. Which will be massive
Yes,
Once the Hyundai/KIA ionic5 and ev6 hit the market in full force and the Ford Mach E is available in full force, Tesla is going to see a drastic fall in its sales.
@@TheGecko213 tesla will never have a drop in its sales... their car price is boosted over 5k just from the over demand they have... they have almost 40% automotive gross margin... then can reduce price so far they will sell every car they can make for the next 10 years
The title/premise of this video misleading. The waitlist for Tesla deliveries in Europe is *10 months* long so it's not that VW has more buyers, there's just (slightly) more VW cars available to be bought in Europe. If Tesla had more cars to sell in Europe they would fly past VW. Also, the VW numbers are the TOTAL of ID.3 + ID.4 and they compare that against only the Tesla Model 3.. and still only barely "Beat Tesla in Europe:"
"in the first eight months of 2021 Volkswagen was able to sell 76,415 combined units of the VW ID.3 and VW ID.4 in Western Europe. Volkswagen sold about 44,000 ID.3 EVs and 33,000 units of the ID.4 SUV. These two closely related electric cars have together surpassed the sales numbers of the Tesla Model 3, which was newly registered 75,000 times over the same period of time."
Wait time for Volkswagen EV´s are similar to Tesla.
wait time for almost every new car is that long currently... This is not Tesla specific
Wait times in Europe :
Model 3: february 2022
Model Y: february 2022
Model S and X: end of 2022
Source: I just checked
9:20
she's the only person in the video that actually knows how to pronounce Porsche
And you’re one of only 3 people that cares ...
This entire article is SO out of date that it is worthless.
Was manipulative one year ago. Today it is a joke.
But if Tesla can build 3 cars to 1 time wise, will this not impact on VW's profitability?
Yes, so you ensure your competitors factory does not open...
@@aitorbleda8267 Ve Haff vays of stopping your production.
So? Tesla isn't the default choice for everyone. They might build them quicker, but they're built like crap. Not everybody cares about the Tesla cult.
In the video they say vw is better at scaling production but data like the speed of manufacturing says otherwise.
I’m also dumbfounded to see 50% of vehicles sold by vw in China and the us in 2030 not being electric…
@@bmw803 I don't know about their build quality, I have never examined or driven one and never will, but lots of people seem to favor buying them.
The whole premise of this report seems to be contradicted by recent sales figures for Tesla in Europe. Will CNBC do a follow-up report to correct this misimpression?
Teslas sales figures are sometimes very high in Europe, because sales are registered only after shipping and Tesla doesnt regularly ship cars to Europe, it ships them in batches towards the end of each quarter. Thats why its sales are close to zero most of the time and every once in a while, in fact at the end of every quarter, they are very high. Tesla is actually one of the least sold car brands in Europe. In fact its ranked on 18th place in terms of sales in Europe. If you sell a fraction of what your competitor sells, but you ship it all in one month, you are still selling a fraction of what your competitor sells…
2022 best selling cars in Europe Peugeot 208, Dacia Sandero, VW Golf. The Model 3 is not even top 10, these are the recent sales figures.
VW's one advantage is Tesla treats their customers who experience problems like dirt. Also, tesla has notoriously bad QC. Cars have been delivered with seats missing mounting bolts, glass roofs that have flown off cars at highway speeds and suspension components that are not torqued to required specs.
And Tesla owners have been repeatedly "punished" for complaining in the media by having their Fast-Charging rights revoked.
is it because VW generally makes better cars and has a much wider offering? The EV first mover advantage Tesla had is evaporating in all markets while they are still ramping up production. Tesla may have started the EV evolution but they will never dominate the car market. Its a rapidly growing transition so maybe Tesla will do just fine as a niche for the fan club.
you are funny
Still think that way?
@@thomaswilson2917 Absolutely. VW sells 8+ m cars a year and a big portion of that will slowly but gradually transition to EV as we move towards 2035 when new gasoline and diesels car sales will be banned in EU. Just look at the infrastructure investments these existing car companies are doing e.g. PowerCo as they transform their entire value chain from ICE to EV preparing for the future + they have broad governmental push and support (unlike US). Im not saying Tesla will do poorly and I appreciate everything it has done for the world but I do not believe it will ever dominate the car industry.
I don’t know may be because they actually don’t…like GM is no leader in EVs but keeps claiming they are.
America seems to be lying its way to becoming relevant. They want to claim they are the best in everything but if you care a bit of research you know the best are in Europe. Take for example lithography, they may have started it in America but ASML(Dutch) perfected it. Same in chip manufacturing, where TSMC is just way ahead of its peers.
11:39 just installing Electrify America chargers isn't enough; they need to maintain them - automotive press all seem to have had poor experience with EA stations
I bought a Kia two years ago and i am propably going to do it again in 5 years WHEN MY WARRANTY RUNS OUT! I love my Stinger and if they had a compelling EV at the time i would have bought that.
Tesla is still paying about 5000€ in import duties and probably another 5000€ for logistics costs as they have to import model 3 and y from shanghai. They also have by far the best margins in the industry, so once they can service demand the price is coming down. Give it a year of Giga Berlin ramp-up and we'll see. Right now there is just no telling.
The Berlin Gigafactory is producing bad headlines every day.
VW admitted Tesla can produce cars 3X faster. VW has invited Musk to speak to high level VPs in VW. CNBC FAILED to investigate in detail the simplest facts.
Why r u crying
Tesla being great in some aspects or not, why would people think we will all want to drive the same car? Do people all buy a Porsche Cayman because it drives well?
Because Tesla shills are delusional
Why do people use same iPhone? Because its the best.
@@Sharyf Iphone the best, a very American claim :-) Samsung Ultra's and Huawei P cellphones are superior to Iphones for the last 5 years.
This isn't the key issue. The key issue is that Tesla has already sold all its cars in the US. It has none left for Europe. We will get a better idea of the situation after the Berlin plant opens.
which is not true. tons of teslas are coming from china to europe. last time, i checked there was a waiting list of 1-2 month for teslas from china. but a waiting time for4-5 months for an id.3/4 here in austria/germany. only some tesla models come from the US where you have a waiting time of 3-4 months here.
that tells me that VW is more popular than tesla here in europe. and the sales statistics say the same thing. in the last two years, VW sold more EVs in europe than tesla.
and that is only VW, not the whole Volkswagen group including porsche, audi, skoda etc. that also sold quite some cars.
next year, giga berlin starts to ramp up production slowly. but unless they lower the price for the model3 and y, there won't be a significant change in sales figures.
on the other side VW starts the factory in Emden for the ID.4 and maybe the ID.5 and in the factory in zwickau, they start to produce the ID.buzz.
so, i don't think that tesla gets back some market share from tesla.
it is not possible because tesla brings a new model every two years and VW brings out two new models every year.
My diesel car has a range of 1200 km, I can fill it up in less than 5 minutes and filling stations are everywhere, that's comfort no EV is likely to beat anytime soon if ever.
But the fume of your diesel is killing millions of people as well as your children, you are so selfish. Lucky for us, Dinosaurs are dying
Clean diesel hybrid will be even better. Unfortunately VW messed up the clean diesel technology that is being implemented in many cars and trucks.
So how much does it cost per km to power your dinosaur juice-guzzling belcher? Run the numbers. Here in the states it only cost me 3 cents per mile compared to 10 cents / mile for gas in my area.