Business opinion about the EV market.
https://www.zerohedge.com/energy/sorry-president-biden-nobody-wants-glorified-golf-cart
9 replies (most recent on top)
Ford to Cut Production of Electric F-150 Lightning Amid Weaker Demand
Automaker now expects slower EV sales growth than anticipated in 2024
https://www.wsj.com/business/autos/ford-to-cut-production-of-electric-f-150-pickups-amid-weaker-demand-df2f2763?mod=djemalertNEWS
https://www.zerohedge.com/markets/ford-prepares-cut-f-150-lightning-electric-truck-production
Here more on Hertz…
https://www.zerohedge.com/markets/hertz-begins-dumping-20000-evs-shift-back-petrol-cars
Bloomberg — Hertz to sell 20,000 EVs in a shift back to gas-powered cars due to weak demand and high repair costs
check this article about Tesla in china
https://www.cbsnews.com/detroit/news/chinas-byd-is-selling-more-evs-than-tesla/#:~:text=Over%20the%20year%20as%20a%20whole%20Elon%20Musk%27s,narrower%20than%20the%20400%2C000%20units%20posted%20in%202022.
Tesla and BYD to import EV's from Mexico to dominate the EV market.
If you don't know Zero Hedge and Tyler Durden you probably think Rachel Maddow is smart because she was a Rhodes Scholar and you are part of the problem.
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"Nobody wants a glorified golf cart.." especially when lack of adhering to OTA fundamentals can brick the damn thing. Mach e anyone? The more complex something is...the more likely it is to fail....the more centralized the control of that asset is, the more reverse pyramid of doom applies. Good luck everyone.
Amen!!