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.
Used Car & Truck Market Turmoil Mauls Freshly IPO-ed Unicorn Online Car Dealer Vroom. Shares -20% by Wolf Richter • Aug 12, 2020 • 65 Comments And how did the pros at CarMax do in the Crisis?
Tesla Gets Crushed in Germany by EVs from Volkswagen, Renault, and Hyundai Group: It Woke Up the Giants by Wolf Richter • Aug 10, 2020 • 134 Comments Tesla’s share of the EV market plunged to 8.7% year-to-date, from 18.4% last year. Competition is now huge and across the spectrum. Tesla faces the same situation globally.
No Payment, No Problem: Bizarre New World of Consumer Debt by Wolf Richter • Aug 7, 2020 • 255 Comments All kinds of weird records are being broken. But it’s scheduled to expire, and then what?
