Are EVs on the same popularity track as face masks? From Eric Peters at ericpetersautos.com:
It took three long years for Sickness Psychosis to wane. Eventually, enough people figured out that the sickness was mostly in the mind – and that wearing “masks” wasn’t the cure for it.
EV Fever seems to be following a similar trajectory. Finally. It may now be at the point that “masking” was at about two years ago. As in, people are getting over it. And so, apparently, is the stock market.
Tesla stock is down 15 percent, representing a $94 billion loss so far. Bloomberg News styles this a “reality check as EV winter sets in.” The Financial Post says 2024 is the company’s “worst start to any year – ever.”
Part of the reason why has to do with fleet sales tanking. Car companies rely on these to move models that otherwise don’t sell well; fleet sales also fluff the numbers – making it appear there’s more retail demand for a given model than there is. Hertz – the rental car company – was a fleet buyer of Teslas. It very publicly dumped its fleet of these devices a few weeks ago.
The cold has not helped.
Now you know why comrade Elon (FEW) went with his small hat in hand?
A local has a Tesla that always starts honking when I walk past for some reason, sarcasm alert, it hasn’t moved in weeks but it is now in the 40 degree range and fifty by the weekend.
Consumer demand or rejection of items isn’t a construct and can’t be corrected by nudging. (h/t-Fink RAT)
Still laughing at the Kalifornia (CCP/CPUSA) Zil Trabant EV charging stations powered by diesel generators.
Those won’t work in plains states during a blizzard?
The power is always in the question even if it is rhetorical.