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Tuesday, January 30, 2024 11:57:37 AM
He jumps on board here and pumps crypto, EVs, solar etc.
What Tesla has done is impressive. However, it lost $93 billion last quarter. Ford lost $4.5 billion on its investment into EVs, last year. The public does not want them. Dealers can't get rid of them. The tech may be the future, but it's not mainstream yet.
The government should not be forcing the issue with EVs. If the tech was so good, the cars wouldn't need rebates. Governments mandating EVs and stopping production of ICE powered cars is foolish. Everyone knows that consumer demand is what drives sales - not government mandates.
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