15 min
EV-Hybrid Battle, Tesla’s Two Big Releases, Busy Black Friday Results The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
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Retail Auto is ready to roll after a great Thanksgiving weekend as we talk about the very tight race for the electric future between two titans. We also cover two notable releases from Tesla this week, as well as a review of a very busy Black Friday
Tesla and Toyota are in a philosophical and practical head to head as Elon Musk's push for an all EV world is being pushed back on by Toyota's renewed focus on the rapid (and affordable) deployment of its hybrid technology.
Musk aims to surpass Toyota as the top-selling automaker with Tesla's all-electric lineup by 2030 as Tesla is already outselling some of Toyota’s bestsellers in the U.S.The Model Y surpassed Camry this year and was within 7000 units of the Rav4Despite Tesla's growth, there's a slowdown in EV sales, while Toyota's hybrids, including Lexus models, are gaining traction due to their affordability and improved efficiency.Toyota Chairman Akio Toyoda emphasizes the consumer appeal of hybrids as a way to go mostly electric without the inconveniencesTesla, facing a competitive market, has cut prices and seen growth in Model Y sales, but struggles with profitability, as its profit fell 44% in the third quarter.David Christ, Toyota North America's brand head said: “The buzz of electrification in the industry has somewhat mainstreamed hybrids. It’s really had an awakening.”Tesla has two releases of sorts this week. FSD v12 and a Cybertruck:
Tesla has begun releasing its Full Self-Driving (FSD) version 12 update to employee testers, a key step in achieving its goal of true self-driving capability. This update notably shifts vehicle control from hardcoded engineering to neural network-based systems.The engineers had the first release, now all employees, next is consumersPreviously Musk had a stated goal of FSD capability by the end of this yearOn Thursday (Nov 30th) Tesla will host the much anticipated Cybertruck Delivery event where the first production units will be delivered to some very patient new owners
Black Friday 2023 has defied analyst expectations with a record $9.8 billion in online sales, showcasing American consumers' adoption of digital shopping for those great Black Friday dealsOnline sales hit a historic high of $9.8 billion, up 7.5% from last year, with mobile shopping accounting for 54% of these sales.The "Buy Now, Pay Later" (BNPL) trend saw a significant 47% increase, indicating a shift in consumer payment preferences.Store-branded credit cards are losing popularity, with registrations down 37% from 2015, as shoppers opt for more flexible and less brand-loyal payment methods.Hosts: Paul J Daly and Kyle Mountsier
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JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
Shoot us a Text.
Retail Auto is ready to roll after a great Thanksgiving weekend as we talk about the very tight race for the electric future between two titans. We also cover two notable releases from Tesla this week, as well as a review of a very busy Black Friday
Tesla and Toyota are in a philosophical and practical head to head as Elon Musk's push for an all EV world is being pushed back on by Toyota's renewed focus on the rapid (and affordable) deployment of its hybrid technology.
Musk aims to surpass Toyota as the top-selling automaker with Tesla's all-electric lineup by 2030 as Tesla is already outselling some of Toyota’s bestsellers in the U.S.The Model Y surpassed Camry this year and was within 7000 units of the Rav4Despite Tesla's growth, there's a slowdown in EV sales, while Toyota's hybrids, including Lexus models, are gaining traction due to their affordability and improved efficiency.Toyota Chairman Akio Toyoda emphasizes the consumer appeal of hybrids as a way to go mostly electric without the inconveniencesTesla, facing a competitive market, has cut prices and seen growth in Model Y sales, but struggles with profitability, as its profit fell 44% in the third quarter.David Christ, Toyota North America's brand head said: “The buzz of electrification in the industry has somewhat mainstreamed hybrids. It’s really had an awakening.”Tesla has two releases of sorts this week. FSD v12 and a Cybertruck:
Tesla has begun releasing its Full Self-Driving (FSD) version 12 update to employee testers, a key step in achieving its goal of true self-driving capability. This update notably shifts vehicle control from hardcoded engineering to neural network-based systems.The engineers had the first release, now all employees, next is consumersPreviously Musk had a stated goal of FSD capability by the end of this yearOn Thursday (Nov 30th) Tesla will host the much anticipated Cybertruck Delivery event where the first production units will be delivered to some very patient new owners
Black Friday 2023 has defied analyst expectations with a record $9.8 billion in online sales, showcasing American consumers' adoption of digital shopping for those great Black Friday dealsOnline sales hit a historic high of $9.8 billion, up 7.5% from last year, with mobile shopping accounting for 54% of these sales.The "Buy Now, Pay Later" (BNPL) trend saw a significant 47% increase, indicating a shift in consumer payment preferences.Store-branded credit cards are losing popularity, with registrations down 37% from 2015, as shoppers opt for more flexible and less brand-loyal payment methods.Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
15 min