For what ? Have to sell to take the profit 
Not understand really these posts should help people to buy the right stock instead post gain after…
Quite impressive
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At the same time there were some news, that in 2020 Tesla does not sell well anymore in Norway. And other reports stating, that in China they are not supply limited, but demand limited. I don’t know, each of these news has to be really taken apart to really know if it’s good or bad.
Yes, VW ID3 outsold Tesla in Norway (prime EV market in Europe/world) in September.
And EV sales accounted for >60% of the (new) car sales, which is in itself significant.
Anybody care to explain why Norwegians buy Audi e-tron? It costs $90’000 and has a laughable range of under 300 km (and no supercharger access, good luck on a roadtrip).
Source:
Prestige / brand snobbery / interior quality.
Same for MB EQC.
Range is obviously a secondary criteria in that case. 
eco-friendly SUV moms? xD
It’s like asking : “why a lot of switzerland people between 20 and 30 are buying expensive german power car like Audi RS, Mercedes AMG and BMW M ?”
Because they just want fancy bolid 
For Norvegian I suppose it’s useful to have an SUV and a lot of space compare to a Mode 3 from Tesla ? And maybe there is a lot of advertisements about Audi E-Tron ?
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By the way, a loosely connected topic to Tesla and Musk is Hyperloop. To me it’s a big mystery. Why are businesses and governments investing billions in this idea, when it does not seem at all viable? I mean, you gonna lock people in a low pressure tube and send them through it at 1000 km/h? And after so many years what do we have? Some short test tunnel, some laughable speeds, the test capsules are very small. It all looks like a big joke, but an expensive one. Even Musk, who floated the idea, did not get involved.
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Maybe an elaborate marketing idea for his Boring Company?
boring company is a side project to investigate electric boring machine for Mars colonies.
I know it’s crazy, but I kind see the point that if you are going to Mars (and SpaceX has a good record track for the moment) you need to parallely build the technology to start building up living space in Mars - and boring technology will be key to expand caves where people will live protected by the radiation.
It’s all crazy, but it all makes sense in a way. At least there is consistency in the plans. It would be stupid to create a rocket and don’t have a plan for technologies to actually create/build something up there.
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Not surprising. Demand for luxury services and products that can be enjoy locally/domestically has increased during this pandemic, from what I’ve heard and read. Some of the well-heeled opt for cosmetic surgery, while others buy a Tesla.
With Tesla not selling much else than that model, they held a market share of 5.3% in september. These monthly figures should be taken with more than just a grain of salt however.
Case in point: Tesla had a market share of only 0.2% two months prior, in July. In that month, Porsche outsold Tesla by a 10:1 ratio.
Actually Hyperloop is not a new idea at all. Among similar projects, you find Swissmetro: https://en.wikipedia.org/wiki/Swissmetro …
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Interesting. Yes, I know he didn’t think of it first, but he kind of inspired people and the current developments stem from his ideas. But for example he envisioned a turbine at the front of the pod, which none of the existing prototypes has. So it seems like his idea was half-baked and maybe he didn’t get into it because he was not super convinced.
I just can’t grasp how hyperloop could ever make sense. How would they keep hundreds of kilometers of pipes under low pressure? I also some route design visualisations. If the pod should travel at fast speeds, the curves need to be reaaaally smooth. So the pipe would cut through hills, then emerge, then go into a tunnel again, cutting through neighbourhoods etc. Super expensive.
The Japanese MagLev Shinkansen is under construction and it can travel at 500 km/h and carry a thousand people at a time. These funny hyperloop pods can carry how many people? 20? In best case, it would be a solution for the rich, because of very low throughput.
Don’t these things happen all the time? (analysts changing their ratings)
And it has more or less effect on the prices.
I wouldn’t get too crazy about it…
It’s probably consequence of yesterdays news
China’s vehicle sales grew 12.8% yearly to 2.565 million units in September, according to data from China Association of Automobile Manufacturers (CAAM).
Of which, NEV sales burgeoned 67.7% annually to 138,000 units.
Market growth for NEV is immense.
Pretty crazy given they don’t have a single working product…
I think you are mistaking NIO with some other brand.
They are the second only to Tesla in EV sales in China.
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