Wasn't Tesla Model Y globally the most sold car in 2023 and 2024. And second most sold car in 2025 (Toyota RAV4 was the most sold model).
Given that, objectively speaking I could not call Tesla irrelevant.
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As others have noted, breakdown by model probably isn't accurate since Tesla has so few models. I did some shallow searching and it appears Tesla sales were down 8% in 2025 [0] while global EV sales were up 20% [1]. It's a crude comparison but probably more accurate than models.
0 - https://www.cnbc.com/2026/01/02/tesla-tsla-q4-2025-vehicle-d...
1 - https://www.reuters.com/sustainability/climate-energy/global...
Tesla might maintain its current level of sales/revenue while losing 95% of its market cap. Whether it’ll survive the market cap deflation is the question.
The market can remain irrational more than you can remain solvent. But the writing is on the wall for the valuation.
It's not a very good comparison as Tesla has far fewer models than other carmakers.
The number of models doesn’t seem that relevant? If anything it would make Tesla’s numbers all the more impressive being a niche market EV.
As I recall, the original Bondi blue iMac was the best selling model of personal computer at the time. This wasn't because Apple suddenly stopped being the Betamax of the home computer world, it's because there was only one model when everyone else had a full range, and the effect disappeared the moment they came out in multiple colours.
Same deal with Tesla: They have two core models (Y top, 3 next, all else a rounding error), while everyone else has a full range that sales are split across.
If I want to buy a four-door Toyota sedan, I could buy a Prius, Corolla, Camry, Crown, or Mirai (not even counting Lexus or Century models), diluting each model's car sales, while overall vastly outselling Tesla. Ditto for cross-overs, SUVs, etc.
Of course its relevant as Tesla is valued to much more than the other makers despite selling in total fewer cars.
Tesla is indeed a niche maker, but their valuation does not reflect that fact.
We’re not discussing valuation we’re discussing model sales?