#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?
This whole Nikola phenomenon was only possible in a market gone willfully blind and nuts.
Affordable Classics rise the most, American Muscle Cars fall the most. Ferraris flat, after big drops earlier. Beautiful machines all of them.
Illustrated with 13 whiplash-inducing charts.
In the bizarre machinery of an economy that depends on consumer spending funded by stimulus and “extend and pretend.”
After spiking for months, used-vehicle wholesale prices turned south in late August, wholesale volume plunged again.
Four Days of Free-Fall Mania. Dream goes up in smoke. Passed over by Etsy, Teradyne, and Catalent.
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.
And how did the pros at CarMax do in the Crisis?
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.