Astounding Distortions & Historic Price Spikes in Used-Vehicle Wholesale Market Begin to Unwind by Wolf Richter • Oct 9, 2020 • 70 Comments This stimulus economy is producing the weirdest effects.
California Sales Ban of New Gasoline & Diesel Vehicles Jolts Half-Dead Business Model of Electric Utilities & Power Producers, Including in Other States by Wolf Richter • Sep 28, 2020 • 215 Comments A light goes on after more than a decade of falling electricity demand. No business wants to operate in a declining industry.
“Robinhood Traders” Trigger Massive Idiocy on Scheme by Nasdaq-Listed Chinese Penny Stock that Skyrocketed 4,387% & Collapsed by Two-Thirds in Just One Day by Wolf Richter • Sep 23, 2020 • 109 Comments #TheZooHasGoneNuts: One press release about an EV, but no money, no tech, no prototype, no facilities, no plans, no nothing. Getting pretty thick, even for our crazy times. SEC, are you awake?
Nikola Hype Collapses, Shares Plunge Further, Founder/CEO Pushed Out. GM Swoons by Wolf Richter • Sep 21, 2020 • 160 Comments This whole Nikola phenomenon was only possible in a market gone willfully blind and nuts.
Asset Class of Vintage Cars During the Pandemic: Sales at High End on Ice, After Steep Price Drops Earlier in the Year by Wolf Richter • Sep 19, 2020 • 105 Comments Affordable Classics rise the most, American Muscle Cars fall the most. Ferraris flat, after big drops earlier. Beautiful machines all of them.
How Life Changed During the Pandemic: Still Loaded with Stimulus Cash, Americans Went Shopping. But Where? by Wolf Richter • Sep 16, 2020 • 95 Comments Illustrated with 13 whiplash-inducing charts.
Subprime Auto-Loan Delinquencies, Loan Deferrals & Stimulus Curdle into Curious Phenomenon by Wolf Richter • Sep 13, 2020 • 136 Comments In the bizarre machinery of an economy that depends on consumer spending funded by stimulus and “extend and pretend.”
Used-Vehicle Market Digs Out from Supply-and-Demand Chaos that Caused Enormous Distortions in Wholesale Prices by Wolf Richter • Sep 8, 2020 • 92 Comments After spiking for months, used-vehicle wholesale prices turned south in late August, wholesale volume plunged again.
Tesla Not Added to S&P 500 Index, Shares Plunge After-Hours: Triple-WTF Chart of the Year Turns into Sharp Spike by Wolf Richter • Sep 4, 2020 • 148 Comments Four Days of Free-Fall Mania. Dream goes up in smoke. Passed over by Etsy, Teradyne, and Catalent.
Tesla, the Triple-WTF Chart of the Year: Just Put Your Brain on Tesla Autopilot and Believe in It by Wolf Richter • Aug 31, 2020 • 233 Comments I’m in awe of how a tiny automaker with less than 1% global market share is a Supernatural Phenomenon and the 7th most valuable US stock.
