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Featured Letter to Biden from 4,000 US car dealers: Slow BEV production and distribution

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Gokhan, Dec 2, 2023.

  1. john1701a

    john1701a Prius Guru

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    Dealers typically don't handle those types of repairs. That's business for body shops.
     
  2. bisco

    bisco cookie crumbler

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    then they should be opening more body shops. it's interesting how few dealers have them
     
  3. mikefocke

    mikefocke Prius v Three 2012, Avalon 2011

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    Amazingly, one of the dealers who signed that letter just had 2 chargers put in front of their store. I wonder if they can charge a customer for charging their plug-in vehicle as part of a service visit?
     
  4. bisco

    bisco cookie crumbler

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    i've never been to a dealer with gas pumps
     
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  5. vvillovv

    vvillovv Senior Member

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    And how much different dealer body shop estimates ( bottom line ) typically are when comparing them to independently owned and nationwide corporately owned body shops.
    Repairs when needed aren't cheap most of time. At least $100 ( to cover equipment costs ) just for requesting a techstream health report.
     
  6. bisco

    bisco cookie crumbler

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    a classic business model for dealers, and often necessary for electrified vehicles.
     
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  7. PriusCamper

    PriusCamper Senior Member

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    Because Rivian & Tesla design vehicles so almost all components can primarily be worked on via software changes it's clear that the future of car repair is going to have more to do with computer repair than mechanical repair.

    If we had better consumer protection laws and actual competent political leadership to help in this massive transition, we'd be seeing dealerships transitioning to online services and mobile support rather than a big box location.

    And the 800 pound gorilla in the room is the pandemic proved that most commercial real estate investments aren't viable with more than 1/3 of all leases in the US behind on their payments.

    Of course nobody wants to talk about what's going to happen to both of these sectors if the economy has another downturn, but it's gonna require a massive bailout.
     
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  8. Gokhan

    Gokhan Senior Member

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    Before you label it "nonsense," do you even know what an index fund is, what is out there, and what a concentrated position is? It sounds like you have no knowledge of investments and stock markets.
     
  9. bisco

    bisco cookie crumbler

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    i was responding to your first sentence, nothing to do with the best market performance, although i'm sure you're long retired on your excellent stock picking.
     
  10. Gokhan

    Gokhan Senior Member

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    ARKK? Yucks! :eek: That's one of the worst ETFs out there. She had her luck during the pandemic and beat the market, but its performance has been dismal since with no hint of recovery. She often makes outrages statements and most of her later decisions turned out to be bad ones. I don't think she know much really, despite her experience. The fund has too much biotech and too many small, super-high-risk companies. I would avoid that fund like the plague.

    Concentrated positions could easily bring financial ruin, and you won't even see what hit you. After a certain age, even index funds could be too much risk taking.

    As you said, there is no guarantee, but there is risk, and know the risk you are taking and how much risk you can tolerate before you invest.
     
    #30 Gokhan, Dec 3, 2023
    Last edited: Dec 3, 2023
  11. Gokhan

    Gokhan Senior Member

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    If I knew as much as I knew now when I was younger, I would have long-retired, yes, but I made my own mistakes, from which I learned.
     
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  12. Gokhan

    Gokhan Senior Member

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    No one can predict a particular stock or the stock market; so, there is no such thing as honest or dishonest when it comes to it. You can only guess it—hopefully an educated guess that is right.

    So, your gains were only 5X? There are many funds out there that made 50X gains during that time. In fact, if your TSLA timing were good, you would have made an over 200X gain since from its launch to its peak.

    Inflation-reduction act does not give incentives to the Japanese companies—that's why they are struggling with BEV sales. Moreover, Tesla's cars have matured as I said, and Ford and GM are still trying to learn how to make BEVs. It will be a while before they catch up. Meanwhile, China has become the leader in BEV and battery manufacturing.
     
  13. hill

    hill High Fiber Member

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    There are various company rules that prohibit moving Roth retirement funds until certain parameters were met so it couldn't be done until it WAS done - or believe me that would have been ideal. Nevertheless with Tesla bringing more and more product online by the time we cash out - it may possibly be much higher. And since it's roth funds - it will be tax free, my favorite tax rate
    ;)
    .
     
  14. Gokhan

    Gokhan Senior Member

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    Love it or hate it, all companies do boom and decline. You need to put emotions aside when you invest. Stocks are money-making tools surrounded by predators, and you will be eaten alive if you invest with your emotions.
     
  15. hill

    hill High Fiber Member

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    ..... or sell out due to emotions
     
  16. bisco

    bisco cookie crumbler

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    the only way to keep china from dominating in the us is to place burdens on them that will create a level playing field. otherwise, we're screwed.
    but tesla has a huge advantage and should be able to compete well.
     
  17. bisco

    bisco cookie crumbler

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    i'm not invested in tesla, so i have no dog in the fight. i admire what they have done, and how far advanced they are over the competition. it isn't even close, except maybe the chinese because of cheap labor and stolen tech.
     
  18. Gokhan

    Gokhan Senior Member

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    Cheap labor also means low living standards and poverty. Purchase-power adjusted GDPs for US and China are $80k vs. $23k, respectively—nothing to desire for.

    China also has been greatly subsidizing BEVs—much, much more so than the US—which has been putting further strain on their economy.

    Stolen tech? Not quite. They lead the lithium-ion battery technology, and the other countries are trying to "steal"/learn the technology from them actually.
     
  19. hill

    hill High Fiber Member

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  20. Gokhan

    Gokhan Senior Member

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