First sign: auto sales suddenly plunged.
Of the seven biggest, six have plunged by 78% to 92%. And there are now nearly 2,000 of them.
It’s cyclical: When will the biggest-ever boom end?
Here’s my math when this “balance sheet normalization” will end.
In terms of Tesla’s survival, this poses a problem.
An entire generation on Wall Street has never seen Treasury yields this high.
Why are these trends so long and so big — both, up and down?
And with impeccable timing, an immense flood of new construction.
A structural shift with some significance for the auto industry.
As with all “bleeding edge” technologies, the challenges are huge, and it’s possible they may end up derailing the whole venture.