Featured Global electric-vehicle meltdown: What you need to know

Summary?

 

stats? data? of course, it's all about stock price

 

The sky is falling! Nobody but Tesla is selling EVs in quantity. Inventory is piling up. Shifts cancelled. No one else is making profits off EV production. Yet investments in capacity are still being made.

Tesla stock down 7% over the last 5 days. (But up 1.7% today) But then go look at a year ago (-11.8%) or or five years ago (+769%). Tesla off 50%ish from high.

 

Less time if you set the playback speed to 1.5x. Regardless:

• 2019 Tesla Model 3 Std. Rng. Plus - new with trade-in cost $24,000 in March 2019.
  • Extra $3,750 tax credit savings the next year, 2020.
  • $2.50/100 miles electric cost not including 10-15% free charging.
• 2017 BMW i3-REx - used $15,000 in August 2023.
  • Extra $4,000 tax credit tax credit savings, 2024.
  • $2.75/100 miles electric cost not including 10-15% free charging.

Neither of mine are for sale. As for the problems traditional manufactures have making Tesla level, price-performance, Sandy Munro has already covered how badly they've been running their businesses. Now they try to follow Tesla practices to a greater or often, lessor extent. I have as much sympathy for them as the GM apology for our 1981 Chevette.

The best quote, "I am, a non EV owner."

Ignorance does not justify foolishness.

Bob Wilson

 

Posted this in another thread on this topic, "For years the EV market has been having record breaking growth year after year. For the first half of the year in the US that growth was 97%. Then the market slowed down, and the third quarter growth was just...49.8%. This is leading to naysayers to gloat, even though it is a growth still faster than they predicted.

A cool down of an extremely hot market is expected at some time. It even happened in China. Yet EV market share there still managed to double from 15% to 30% with the slow down.
Canalys Newsroom - Global EV sales up 49% to 6.2 million units in H1 2023, with 55% of vehicles sold in Mainland China 
Electric Vehicle Sales and Market Share (US - Updated Monthly) - CarEdge "

During the pandemic, EV sales were increasing while the rest of the market was decreasing. Only fools would think that growth rate would continue indefinitely. The annual market share is over double what hybrids have in the US and increasing. Let me know when that changes, then we might be able to call the EV market in trouble then.

Despite a 'meltdown' in a meteoric climb, total EV sales in the US still set a new record in the US.
https://www.coxautoinc.com/market-insights/q3-2023-ev-sales/

Not everyone cares to watch videos.
Is it any different than the other doom and gloom articles you've posted on the subject.

The fulfillment of Hertz's EV orders was slower than announced before, and they haven't cancelled or reduced any of their orders.

 

I've got no trouble finding other things to spend four minutes on, if someone who already knows what's in a video can't be bothered to include a few words about it.

 

I couldn't be bothered to watch either, yet anyways. Gotta love comments so far.
all jokes aside, still can't help LOL like.

 

Naysayers gloat says a lot. What is the matter with people these days, everything has to be a war about their opinion. Something is driving this behavior, someday there will be stories about this era and what happened to people. If it just went halfway, large adoption of plugins, gas would fall like it did due to covid cutting back on vehicle use in 2020. Way back. Then the gas cars become more attractive. Back and forth. You have your car of choice, what does it even matter to you what is popular to others, except some kind of yet to be explained reason.

 

Picked up a new bolt for 22k after taxes, I’d call that affordable.
Could have had a M3 for 29k, very affordable compared to the average car price.
Our new hycam was 35k, and I see plenty of people here spending 30k+ for a new Prius

 

I got another letter the other day, LOL "someone wants my Prime" . Took a looks see at local dealers and there were no Prius Primes available anywhere around here. Looks like no base trim for 2024 either. Starting MSRP looks like 38 and change.,
Tons of Rav4 Primes everywhere. humm .... prayin for rain in panama and a 24 LE

or some solid state to test out in a year or 3.

 

Invest in side-businesses eg MobilEye (autonomous driving) instead of big autos due to uncertainty of power train outcome

 

All it means is that the shorts have taken over cnbc

 

until now? or else they want everyone to sell so they can buy more at lower prices

 

In the first half od the year, EV sales in the US for the first half of the year were twice the number of the previous year. For the third quarter, they were only one and half times the previous year. That can be a reason to reconsider investments, but this is the meltdown is being pinned for the cause of other developments that have multiple factors.

They only do business with the best, those with huge busniesses, perfect geniuses if you will. They must be on the up and up.

edit to add:
September US auto sales reflect pressures of current market conditions, projection of 1.3 million units | S&P Global


The overall car market is showing some signs of a slow down.

 

Not I

December arrival of Prius Prime might be good news for me. We'll cross that bridge when we get to to it.