Tesla Inc (TSLA)

[Scumbag Fraudsters]

I'm learning that this "world's best" car co. still has a sinking (stinking?) stock.

In what universe has Tesla's pricing strategy "single handedly ended the internal combustion engines dominance?"

Autovista24 -- August 8, 2023

In the first half of 2023, EVs made up 15% of the worldwide new-car market

In your world 15% > 85%?

You need a remedial math class!

You seem willfully ignorant to the fact that the vast majority of vehicles sold today are not electric.

Look around you - how many EVs do you see nearby? 1 in 30 vehicles? Less?


It doesn't matter what BYD sells - the fact remains that every car they sell is another sale Tesla didn't make.

You forget that:

NOT EVERYONE WANTS OR CAN AFFORD A TESLA.

MANY PEOPLE WHO WANTED A TESLA WON'T BUY ONE - BECAUSE OF THE CEO.

Auto Evolution August 16, 2023

Return of the ICE: Have EVs Peaked?

EVs burst onto the automotive scene like a lightning bolt, capturing headlines and the hearts of environmentally conscious consumers. With remarkable acceleration, whisper-quiet operation, and an unparalleled promise of reducing carbon footprints, the EV movement seemed unstoppable.

However, the landscape shifted as EVs proliferated and competitors flooded the market. Some critics argue that the initial excitement has waned, leading to a stagnation in innovation and design. The question now looms: have EVs reached their zenith?

Carmakers have been rapidly ramping up their production of electric vehicles, introducing a stream of new models and outlining plans to phase out gas-powered cars within the next five to 10 years.

This might lead to the perception that EVs are flying off dealership lots, with buyers eagerly embracing the latest offerings from every automotive brand. However, recent findings from a survey conducted by Cox Automotive paint a different picture, indicating that the current supply of electric vehicles is actually outpacing consumer demand.

Research highlights a significant shift in the EV market dynamics. For example, during the second quarter of 2023, electric vehicles in the United States spent an average of 92 days at dealerships before finding buyers. This contrasts starkly with the same period in 2022 when EVs were typically sold within an average of 36 days. Interestingly, this trend has persisted despite the notable price reduction across the electric vehicle spectrum.

These shifting numbers have given rise to speculation among some analysts that electric vehicles may have reached a critical inflection point. While the enthusiasm for EVs remains palpable, this new data emphasizes a growing disconnect between supply and consumer appetite. The longer duration electric vehicles stay on dealer lots could signify a transition, prompting questions about the sustainability of the current production rates and actual market demand.

Only time will reveal whether this supply-demand disparity is a momentary hiccup or a more substantial reflection of the complex interplay between technology, consumer behavior, and market dynamics in the electric vehicle landscape.

Residual Values: The Shock of the Slow Depreciation

Residual values, a critical measure of a vehicle's worth over time, have emerged as a surprising puzzle in the current world of EVs. While traditional ICE-powered cars often experience a steep decline in value, EVs generally exhibit poor residual values.

According to findings from automotive research firm iSeeCars.com, the prices of used electric vehicles are experiencing a swift decline, surpassing the rate of depreciation observed in the broader used car market.

The firm analyzed data from a substantial pool of 1.8 million one- to five-year-old used vehicles sold between June 2022 and 2023. This comprehensive analysis unveiled a remarkable revelation: used EV prices have plummeted by nearly 30% compared to the same period in the previous year.

This counterintuitive trend raises concerns about the long-term economic viability of EV ownership. As enthusiasts ponder the allure of EVs, the nagging question remains: are EVs indeed a sound investment, or is their low residual value a warning signal of a broader trend?