I Love How Tesla Wreaks Havoc among Automakers with Massive Price Cuts, Huge Sales Growth, Even Huger Production Growth, and Overcapacity by Wolf Richter • Apr 22, 2023 • 317 Comments Shareholders hate it. It’s bitter medicine for the industry that pushed upscale and jacked up prices so average Americans can no longer buy new vehicles.
EV Sales Spiked in California. Share Hit 17%. ICE Vehicle Sales Plunged. First Uptick in Electricity Sales after 13 Years of Decline by Wolf Richter • Feb 10, 2023 • 1 Comment Camry was dethroned as perennial #1 by Tesla Model Y & Model 3. And finally a little growth for electric utilities.
EV Competition Finally Produces Results: Ford Cuts Prices on Mustang Mach-E, after Tesla, Kia, Hyundai, Chevrolet, Nissan Cut Prices on their EVs by Wolf Richter • Jan 30, 2023 • 93 Comments EVs now start at $27,000, about $20,000 below the average new-vehicle transaction price. That’s a good thing all around. Except for stock prices.
Tesla Joins my Imploded Stocks, -70% from Peak: Object of Religious Veneration Turns into Automaker by Wolf Richter • Dec 24, 2022 • 267 Comments Beyond the consensual hallucination, the real world for automakers is not fun.
Ford Jacks Up Price of F-150 Lightning for 3rd Time since EV Incentives: What You Get for Subsidizing Products Already in Hot Demand & Short Supply by Wolf Richter • Dec 16, 2022 • 135 Comments Since the $7,500 EV incentives in the Inflation Reduction Act last August, Ford hiked the Lightning price by $16,000.
As Used-Car Prices Have Hit Wall amid Signs of Buyers’ Strike, Used EV Prices Spike amid Huge Demand and Little Supply by Wolf Richter • Aug 24, 2022 • 142 Comments Craziness in used cars is far from over. Cheapest used EV models see biggest price gains. Only the Porsche Taycan, most expensive used EV, sees dip.
What I think Musk Did, Genius Manipulator he is, by Threatening to Decimate Tesla’s Salaried Staff & Management while Increasing Headcount of Factory Workers by Wolf Richter • Jun 3, 2022 • 270 Comments He has a rebellion over WFH on his hands, not a demand problem for EVs, and is knuckling them into submission.
How the Vehicle Production Nightmare Upended Everything and Why Automakers & Dealers Don’t Want the Old Ways Back by Wolf Richter • Mar 17, 2022 • 114 Comments But There’s No Shortage of Used Vehicles.
EV Sales in California Spiked in 2021, Share Hit Nearly 10%. Legacy Automakers, Years Behind, Finally Put Heat on Tesla by Wolf Richter • Feb 19, 2022 • 226 Comments Electric utilities, mired in declining electricity sales since 2008, are praying for more EVs.
Tesla’s Market Cap (Gigantic) v. Next 10 Automakers v. Tesla’s Global Market Share (Minuscule) by Wolf Richter • Oct 26, 2021 • 154 Comments It’s a ridiculous comparison, but hey, the CEO walks on water.