If you bought and held five years ago, you are still up 8X times.
Musk is facing intense, state sanctioned, price competition in China, his largest market.
Posted on 04/05/2024 9:10:22 AM PDT by marcusmaximus
Tesla has shockingly canceled the much-anticipated $27,000 car it was relying on to break into the mass market.
The 'half price' EV was due to go into production starting next year and viewed by investors as a vital saving grace that could rescue the struggling automaker.
Tesla will instead continue developing self-driving robotaxis, according to Reuters, which broke the news on Friday.
In the minutes after the news broke, Tesla's share price fell more than 5 percent to just over $160. The company's stock is one of the worst performing in the S&P 500 this year.
This week its share price fell further after it reported it fell well short of delivery estimates in the first quarter. Competition is also ramping up with Chinese rivals like BYD, which recently launched an EV starting at $10,000.
(Excerpt) Read more at dailymail.co.uk ...
HODL TSLA.
Yes they will...
They all know Trump will tariff the crap out of them - it’s not a level playing field.
...so much on the line.
Get out and push?
There are many Youtube videos showing acres and acres of unsold Chinese EVs rusting away, EVs randomly bursting into flames on the road and while parked, etc. It’s quite possible the Chinese will never manage to get their crappy EV death-traps past U.S. regulators . . . at least not without massive bribes.
There is a difference between a few hundred dollar product and a $100k which can leave you stranded in the middle of nowhere. People will take a risk with a few hundred.
Two rounds of golf.
Easy come easy go
If you bought and held five years ago, you are still up 8X times.
Musk is facing intense, state sanctioned, price competition in China, his largest market.
Apple spent billions of research dollars in the last five years trying to build a self-driving vehicle.
They gave up a month ago, and laid off 600 engineers just a couple days ago.
If we get biden were are done...game over...do not pass go/ Tree of Liberty time.
WANNA BET???
I WOULD NEVER BET AGAINST MUSK.
“The vast majority of Americans don’t want to drive an electric car.”
The vast majority of Americans drive less than 30 miles per day. They would buy $10 to 15000 EVs with a 200 mile range and a fireproof LFP blade pack by the millions. Trump is right if BYD can sell their sedan sized cars here for under 15K they will bloodbath the American market.
This is an echo chamber here with people who live rural or semi rural and have no idea what real urban living is like where 75% of all Americans actually live. Every time I hear it’s X number or miles to the nearest Wal-Mart or grocery store that immediately tells me that person is in the 25% who doesn’t live in a urban county. Where Wal-Mart’s are at a three mile or less radius by design from each other. BYD has a 5 passenger sedan for 15k and the 250 mile LFP pack that covers the weekly driving needs of 99% of urbanites who take a longer trip two times or less per year. Your rent a car for this trips and be done with it. The avg price of a new car is $45,000 if China brings midsized EV sedans here for less than 20,000 they will dominate the market.
Musk is a government subsidy huckster and that’s why he’s in a panic.
Wishful thinking for the EV groupies.
Its poor form to ridicule something you don’t know anything about at least argue from a point of fact China EVs have better range than Teslas now. China is kicking butts and taking names with battery tech. They are a country with few liquid hydrocarbons and large amounts of power grid capacity plus dense cities and charges everywhere.
Last time I was in China every condo and apartment building had at least L2 triple phase by the 15 poles with two charge guns per L2 pole all along the edges of the parking lots.
Urbanites need a over might L2 charge once per week or less. 50% of new cars in Shanghai where I was are now EVs because they are ten times cheaper per mile than petrol. China doesn’t mandate EVs they are just economically better there. LFP blade packs also are fireproof they survive the steel spike completely driven though the pack while full charged. The electrolyte not flammable and those packs use no cobalt,nickel or manganese. They use lithium, aluminum,carbon, iron ,phosphate.
“Just a single week’s worth of water from hydraulic fracturing in Texas’ Eagle Ford Shale has the potential to produce enough lithium for 300 electric vehicle batteries or 1.7 million smartphones, the researchers said. “
That’s one week of flowback there are nearly 100,000 active wells in the Permian basin with 500+ drilled by your truly over the years. We knew the flowback was loaded with lithium it’s how to extract it vs all the other ions UT Austin GO HORNS! Solved that issue.
https://electrek.co/2024/02/15/byd-signs-deal-ford-gm-supplier-use-lfp-battery-packs/
Cold hard math, are you an urbanite? Do you live in a county with over 100,000 people? Subdivision ,condo or apartment? Of do you live on land outside an urban core?
What’s your daily commute? 5 or 7 days a week?
That’s your weekly mileage all in?
How many times a year do you drive more than 250 miles in a day? Away from home before coming home?
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