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.
Tesla’s Stock Makes it the Second Most Valuable Automaker in the World. But How About its Size?
This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.
“Challenging environment with weakened consumer demand”: This nosedive in a vast industry, affecting consumers and manufacturing, is happening even as GDP officially booms at 6%?
GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.
The Changing Supply of Used Vehicles.
Amid a shakeout among trucking companies & production cuts and layoffs among truck makers.