Tesla Price Cuts, Followed by other Automakers, Plus Surging Incentives, Hit Average Transaction Prices, after Toxic Spike by Wolf Richter • Sep 12, 2023 • 145 Comments Detroit automakers hugely overstocked, ready for a strike.
EV Maker VinFast’s Market Cap Spikes to $159 Billion on 9th Day of Trading. This Stuff Would Be Hilarious if it Weren’t so Serious by Wolf Richter • Aug 25, 2023 • 121 Comments As an extra special for VinFast, I’m keeping a beautiful slot open in my increasingly packed pantheon of Imploded Stocks.
Full Commercialization of Robotaxis Arrives in San Francisco by Wolf Richter • Aug 11, 2023 • 278 Comments Not everyone is happy.
The Collapse of the EV SPACs: Another One Goes Bankrupt, Others on the Verge by Wolf Richter • Aug 9, 2023 • 146 Comments The SPAC boom will surely go down in history as one of the biggest stock-market heists ever, made possible by Consensual Hallucination.
Used-Vehicle Wholesale Prices Sagged to Where They’d Been 2 Years Ago, But Are Still High. Where Will They Go? Automakers’ Finance Companies Placed their Bets by Wolf Richter • Aug 8, 2023 • 90 Comments They have to set residual values for three-year leases. And it’s risk off.
I Love how Tesla Wreaks Havoc: Ford Slashes Prices of Electric Pickup Trucks, after 3 Big-Fat Price Hikes. Let the Price Cutting Continue by Wolf Richter • Jul 17, 2023 • 170 Comments Americans got battered for years by huge price hikes, especially on trucks, amid oligopolistic pricing behavior by legacy automakers.
Americans Still in No Mood for Recession: New Vehicle Sales Jump 17.5% in Q2 YoY as Inventories Normalize after Shortages by Wolf Richter • Jul 6, 2023 • 88 Comments Incentives jump but still below normal. Average Transaction Price and Average Listing Price stuck at ridiculous levels.
Delinquencies in Subprime Auto-Loan-Backed Securities Have Second-Worst April Ever, Behind only Lockdown April: The Cost of Free Money by Wolf Richter • May 24, 2023 • 61 Comments In the free-money era, subprime auto lenders took huge risks amid seething demand from yield-chasing investors.
EVs Made the First Visible Dent into Gasoline Consumption by Wolf Richter • May 11, 2023 • 277 Comments Gasoline sales have already been stagnating for years, interrupted by big drops in demand.
Remember the Lithium Shortage & Huge Price Spike? In the Four Months since, Lithium Collapsed 70% amid Talk of Lithium Glut by Wolf Richter • Apr 29, 2023 • 152 Comments Fits with Tesla’s big price cuts, aimed at internal-combustion-engine vehicles.
