Think about that for a moment. They sold every car, even though they’re all the same. An ev is a ev, there is nothing to separate them. It’s not like you can build different pkgs, different engines, transmissions. The only people buying them are the homers for evs. That’s all they make, that’s the only choice, it’s a limited group of people that will be buying them. Unless they outlaw the use of petrol cars, these companies will go bankrupt if all they offer are evs. That’s why Toyota is smart, by the time they are ready to build evs, Tesla will have to start building ice cars for the other half of the population or they’ll go bankrupt.
Yes, they sold every car they can make, every year, and they can't produce enough to match demand. The lines just keep getting longer.
The line is longer after selling a million in a year than it was after selling 250k in a year.
Why on earth is that a problem?
You don't need different packages. That's because an electric motor is inherently superior. There is no transmission, lol. There is no "different engine"; there is only a difference in the number of motors. Single motor, dual motor, or tri-motor. Some have quad.
It's not a limited group of buyers.
You can't sell 2 million EV's in a year to a bunch of sold-out liberals or whatever. There aren't enough of those. The cars are actually good, and they are telling you that. Ford is desperately selling things at a loss just to match price and specs...kinda.
If only half the car market ever goes EV, Tesla can still double a few more times and be the largest in the world.
And that's if ICE cars dominate. It is a very common business misunderstanding that you have to offer something for everyone. You don't. You can be the biggest in the world and never even attempt to reach certain car segments.
Tesla is 5 times the market cap of Toyota and basically sells 4 models. lol.