Valuation Technology
1. EV = Cars x EV%
Annual car sales declined even before COVID-19
Annual EV Penetration in Europe takes off (subsidies)
Annual EV Penetration in Europe takes off (subsidies)
Monthly car sales in China recover, US recovers in 2021
Monthly EV penetration benefits from low car sales / EU fines
Monthly EV penetration benefits from low car sales
2. BEV vs. PHEV
BEV and PHEV suffered in April/MAy
Annual PHEV is trailing in US
China PHEV is far behind BEV
PHEV and BEV penetration in % track closely
Tesla Model 3 and Y boosts BEV vs. PHEV in US
Growth is driven by BEV in China
3. Brand/Models
In Europe Tesla M3 is flat, others emerge
Tesla is >75% of US BEV market
Tesla M3 stays ahead in 4Q20
Quarterly Tesla deliveries filtered out
Tesla US market share remains high, no competition yet
Many Chinese brands take share
4. Tesla Special
In Europe the EV market exploded over 4Q
Tesla is >75% of US BEV market
Tesla M3 grew strongly in China
Tesla LT sales projection
Tesla M3 lost EV market share in Europe over FY20
Tesla market share in US stable around 60%
But China EV market share stabilises
Tesla quarterly sales by region
