Posted on 11/06/2023 3:18:43 PM PST by george76
Electric vehicles hit another sales record—but manufacturers are losing money.That's the business model being pushed/taught in the universities these days.
They sure liked socialism when they were being propped up. They should have known there were strings attached, this is what socialism is all about.
“They sure liked socialism when they were being propped up. “
it appears the typical oversized electric golf cart buyer is a leftist, so maybe they have no problem with that.
Incredibly, there are plenty of them here at FR that show up on these EV related stories.
“Lose money on each, make it up on volume.”
That’s a fantastic marketing strategy huh?
More than a few trolls and other questionable characters here.
Thanks
“At some point, Ford’s stupid decisions will cause its stock price to crash. As of today, it’s $10.31 per share. I’m watching Ford, and I believe I’ll be a buyer if it drops to $5 per share.
Comments, anyone?”
Ford is printing money. EPS of 7 and paying a 6% dividend. No way it is going to 5.
“If, as the article says, fewer than 1.5 million are sold in a year,”
Tesla, alone, has sold almost that many in three quarters. A 35% increase over last year.
“There is no spare tire in a EV
In the interests of economy and to lower the weight of the vehicle...no spare wheel nor jack is included.”
My last four Mustangs came without spare tires.
You’re probably right. And that’s why I’ll never be rich. I place buy orders at ridiculously low prices. Then those orders expire because those low prices are never reached.
No matter. I just pop in a ‘Three Stooges’ DVD. Then I forget all about my market failures.
“Fewer people can now afford a new cars so sales are down there. So that makes the EV’s equal a higher percentage of the total”
Completely wrong. First, year-over-year car sales are up 14% in most recently reported month.
And the relative sales increase in EVs, although modest, has nothing whatsoever to do with “percentage of the total”.
“And the relative sales increase in EVs, although modest, has nothing whatsoever to do with “percentage of the total”.”
It is directly related to the percentage of the total.
“Tesla, alone, has sold almost that many in three quarters. A 35% increase over last year.”
P.T. Barnum has been proven to be right again.
Article: “With 313,086 vehicles sold, that exceeded the record high of 298,039 sold in the second quarter”
Texas Spammer: “It is directly related to the percentage of the total.”
The difference between 313,086 and 298,938 has NOTHING WHATSOEVER TO DO with how many total ICE plus EVs are sold.
The post you were referring to used 0.07%. The increase in total market sales was 0.7%.
“Article: “With 313,086 vehicles sold, that exceeded the record high of 298,039 sold in the second quarter””
False data. Tesla, alone, sold more than that.
That seemed rich to me, too.
Seems like we’re getting stuck on the numbers here. The way l read it they are calling going from 7.2% market share to 7.9% a “record leap”. I think it’s quite a stretch to call a .7% increase in market share a “leap” especially since we know the momentum is dying fast for many good reasons. Epoch Times is usually better than this.
If sales were really so great the manufactures would be churning out many more electric cars. Gas car prices are much higher to subsidize the electric vehicle prices just like solar, wind are subsidized by the coal, nuclear, natural gas and hydro power plants.
In 2022, the auto industry in the United States sold approximately 13.75 million light vehicle units. This figure includes retail sales of about 2.9 million passenger cars and just under 10.9 million light trucks.
https://www.statista.com/statistics/199983/us-vehicle-sales-since-1951/
2023
https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month
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