You’ve got to admire Musk for snookering true believers into buying $2 billion of new shares a month ago that are now down 52%.
The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.
Market share of EVs reaches 5.3%. The registrations data is out in all its glorious detail.
GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region.
Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?
Ever since it got sidetracked by its “Smart Mobility” dream and blew billions on it, sales in its biggest markets have spiraled down. Not just in the US and China. Here are the ugly charts by market.
The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
81% of the vehicles are exported; they can be built anywhere. Honda is leaving. Nissan may be too. Vauxhall may be shuttered. Jaguar Land Rover offshored some production. But EV production soared.
Is this the black-swan event people have been predicting for years?
OK, let’s look at the Tesla magic briefly.