Stellantis EV market share decline
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Jeep, Ram Share Drops Cause Stellantis’ Market Share to Decline
Though Stellantis finally reported a sales increase after several quarters of declines, it still underperformed the market, which had sales up 17% versus Stellantis’ 6% gain. That caused Stellantis to lose market share. Stellantis closed the second quarter with a market share of 10.56%, off almost a percentage point from the year-ago quarter, according to Cox Automotive calculations. It was Stellantis’ lowest market share for the quarter in at least six years. For comparison, Stellantis’ market share in the second quarter of 2019 was 13.45%.
Though Stellantis finally reported a sales increase after several quarters of declines, it still underperformed the market, which had sales up 17% versus Stellantis’ 6% gain. That caused Stellantis to lose market share. Stellantis closed the second quarter with a market share of 10.56%, off almost a percentage point from the year-ago quarter, according to Cox Automotive calculations. It was Stellantis’ lowest market share for the quarter in at least six years. For comparison, Stellantis’ market share in the second quarter of 2019 was 13.45%.
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$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWC OP : Unlike other automakers that report quarterly earnings, Stellantis provides an update every six months.
Haymaker78 : What does this mean for NIO?
ZnWC OP Haymaker78 : Stellantis is 3rd largest EV company; definitely will affect the market share of other carmaker including NIO.
Haymaker78 : Why is NIO up in after market, it was just upgraded by JP Morgan, it’s technicals are so beautiful I can’t even believe it’s happening- and 18 is the the bottom of the next threshold? I am not saying that the since NIO’s long distance cousin is having problems- but let’s not be so quick to dismiss the obvious fundamentals and technicals.
ZnWC OP Haymaker78 : I took analyst's rating with a pinch of salt. As for the fundamental, it depends on what you believe.
Haymaker78 ZnWC OP : Well my friend. I am afraid you are going to get your rear end handed to you if you are long puts or short the stock. I am all about keeping it real. But when you have nothing going for you and you stretch your rational to dig up competitors issues- you might just want to move on down the line. Just a lil advice. I’ve been there bud - it’s not fun. Just move on. You’ve missed this one and that’s ok.
ZnWC OP Haymaker78 : Just for the record, I didn't short sell nor long put this stock. Just sharing an article.
MonkeyGee Haymaker78 : yeah, he is still telling people he didn't short nio or xpeng but has been pumping negative news on them every 5 minutes. people been make comments on his post. here is something help him feel better.
MonkeyGee Haymaker78 : he argued with me about xpeng just before the pop. I told him we will check back at the end of the month. this guy must be a newbie if he thinks stock price has anything to do with news or fundamentals. I feel sorry for all his followers. Stock price goes where the market wants it to go or where the Goldman AI wants it to go.
ZnWC OP MonkeyGee : Nothing personal just sharing an article about Xpeng.
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