The Collapse of EV-Charger SPACs: ChargePoint CEO Sacked, CFO out, Revenues Plunge, Losses Mount, Shares -96% from Peak. EVgo Not Far Behind by Wolf Richter • Nov 17, 2023 • 131 Comments With EV charging, America is divided into two parts: Tesla’s network and everything else.
Auto Loan Balances, Interest Rates, Subprime Delinquencies, Cash Buyers, Tight Credit: How Are our Drunken Sailors Holding Up? by Wolf Richter • Nov 8, 2023 • 68 Comments Those who can, pay cash to avoid the interest rates. Subprime credit tightens substantially.
Cruise Driverless Vehicles in San Francisco Suspended by California DMV “Effective Immediately.” Waymo Can Continue to Operate Robotaxis by Wolf Richter • Oct 24, 2023 • 120 Comments “Not safe for the public’s operation.”
Subprime Auto-Loan Delinquencies Hit Record, Prime Loans Are Pristine, after Easy Money Ends: The High-Risk High-Profit Business of Subprime Auto Lending by Wolf Richter • Oct 22, 2023 • 110 Comments What makes it work: Securitizing subprime auto loans and selling the Asset-Backed Securities to yield-hungry investors.
Our Experience with the Collapse of the Dollar’s Purchasing Power for Used Cars, Auto Insurance, Repair Costs, Rental Cars by Wolf Richter • Oct 9, 2023 • 260 Comments Or why auto insurance has gotten so ridiculously expensive — after used vehicles have gotten so ridiculously expensive.
New Vehicle Sales +20% in Q3 YoY. Pent-Up Demand Comes Home to Roost. Our Drunken Sailors in No Mood for a Recession by Wolf Richter • Oct 4, 2023 • 143 Comments Average listing price rose 2.2% to $47,417. The strikes, if they drag on, could squeeze inventories, which would pressure prices again.
EV Demand Not Sagging or Whatever: Rivian Deliveries +136% YoY, Tesla +27% YoY despite Factory Downtime for Upgrades by Wolf Richter • Oct 2, 2023 • 152 Comments And the “103 days’ supply of EVs” is BS because it doesn’t include Tesla, Rivian, and Polestar, with 65% of US EV sales.
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.
