Part 7/13:

Industry Shifts: Legacy Automakers Struggle to Catch Up

Tesla’s competitors, particularly in Europe and the US, face tough times. Volkswagen's US sales declined by 6% in Q3, with their BEV sales down 16%. Mercedes-Benz sold 497,000 vehicles in Q3, a 12.6% drop compared to previous years, highlighting the struggles of traditional automakers to adapt swiftly.

Meanwhile, Toyota's reliance on hybrids is increasingly a concern. Despite high overall sales, especially in markets like Scandinavia, their hybrid-heavy strategy leaves them vulnerable as EVs take up a larger market share. Toyota's next pure EV platform isn't expected until at least 2027, which could cause them to lose significant ground globally over the next few years.