Can anyone tell me how one takes an electric vehicle cross country?
This is shocking news.
Pent up demand for a prestige product. Once the trendies all get one, sales fall. Introduce a lower-priced product and a lot of the prestige goes away. It happens.
“Tesla vehicle sales dropped 31% last quarter”
Who coulda seen that coming? There are only so many people with money to burn.
I still say these cars are coal-powered. And if the Left wants to support coal or nuclear power plants, I’m glad to hear it.
But losing the electric subsidy will be a big reason they have peaked.
I’ve always been EV-curious until I saw the winter climate range range figures. Yeeeeeeeesh. I’ll be sticking with good old gasoline.
Tesla is a Ponzi scheme and under IRS investigation.
So...should be be expecting a “Tesla Fire Sale” soon?
Most of the short fall is due to cars in transit. Tesla sold more cars overseas last quarter.
Higher interest rates from the Fed could also be a factor.
https://www.marketwatch.com/story/new-car-loans-hit-highest-interest-rates-in-a-decade-2019-04-02
Everyone who wanted one, has one.
See AMC Pacer.
Until they do an SUV or pick-up or minivan.
Tesla quality issues:
Blurry backup camera.
Rust.
You need the touchscreen to adjust cruise control.
Issues with paint finish.
Door, window, and trunk defects.
Total touchscreen failure.
Getting locked out of the car.
Shutdowns while driving.
And catching on fire.
Lol.
Here’s Barron’s take on the stock today:
“Tesla stock has been mired in a two-year trading range, with a top near $385 per share, and a bottom near $245 per share. It is a massive rangeinvestors could have made almost 40% by buying at, say, $260 and selling near $360. Or they could have made more than 25% by selling at $360 and buying back at $260. Buy and hold, however, has been a roller-coaster ride to nowhere.
So whos right? Nobody yet. At some point, the range will break one way or the other, and then well have an answer.”