Tesla Rental Deal is Propaganda Coup for Hertz’s “Selling Shareholders” & for Tesla. But Rental Fleets Are Low-Quality Sales Automakers Don’t Tout by Wolf Richter • Oct 25, 2021 • 155 Comments Hertz +10% ahead of share offering, Tesla +13%. But why does Tesla get into low-margin rental fleet sales if there’s strong retail demand?
The Ugly Math: GM, Ford, other Legacy Automakers Throw Hundreds of Billions at EVs, Only Auto Segment that’s Growing. Tesla Made Them Do It by Wolf Richter • Oct 6, 2021 • 218 Comments It’s a zero-sum game that’s eating up a huge amount of cash. But Electric Utilities are loving it.
Proposed EV Tax Credits = Braindead Economic Policy +Last Thing the Booming EV Industry & EV-Hungry Consumers Need by Wolf Richter • Sep 13, 2021 • 158 Comments Everyone loves more free money. But EVs can stand on their own four wheels, so to speak. Let competition force innovation on automakers.
“Tesla only sold ~10%” of its Bitcoin Holdings: Musk Speaks, Bitcoin Moves. But it Takes Two to Tango by Wolf Richter • Jun 13, 2021 • 152 Comments Pump and dump just for the heck of it? Why can’t this dude just shut up? That’s what people, including the SEC, want to know.
EVs Hit 8% Share in California’s Declining New-Vehicle Market: Shaking Up Legacy Automakers by Wolf Richter • Jun 9, 2021 • 180 Comments Tesla Model Y Blows doors off US bestseller Ford F-Series. But Tesla lost share within EV space against the giants it woke up.
Plastics & Semiconductor Shortages, Container Port Backlogs, the Texas Freeze Wreak Havoc on US Auto Manufacturing by Wolf Richter • Mar 17, 2021 • 136 Comments Americans trying to buy a new vehicle will end up paying more.
Why the EV Battle Is Brutal for GM, Ford, Other Automakers: Tesla Cuts Prices Again, Barriers to Entry Vanish, EV Entrants Muck Up High-Profit Pickup Truck Oligopoly by Wolf Richter • Feb 18, 2021 • 222 Comments What’s going on in the Wall Street Hype Machine regarding the EV space is hilarious, when you think about it for a moment.
California New Car & Truck Sales Plunged 21.7% in 2020, Far Worse than US Total. Even Tesla Sales Fell. Nissan’s Collapsed. But EV Market Share Rose to 6.2% by Wolf Richter • Feb 12, 2021 • 142 Comments Even the huge used-vehicle market got knocked down, except for older, cheaper used vehicles.
Tesla, GM, Ford Together in Ludicrous-Mode WTF Charts by Wolf Richter • Feb 10, 2021 • 218 Comments Global revenues, deliveries, market share, income, and for your amusement the WTF stock prices.
Tesla Finally Almost Hit 500,000 Deliveries, Two Years Behind its Promise, for a Global Market Share of… 0.7% by Wolf Richter • Jan 2, 2021 • 205 Comments But Tesla’s market capitalization is higher than the combined total of Toyota, Volkswagen, Daimler, GM, BMW, Honda, Ford, and Fiat-Chrysler. The zoo has gone nuts.