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Tuesday, November 21, 2023

The Bad News Keeps Coming -- EVs -- November 21, 2023

Locator: 46128EVS.

Longer. Much longer. Link here.

Demand will continue to drop: link here.

Posted in this past 48 hours:

Locator: 46121EVS. 

That was Jim Cramer's comment this morning -- "this is the high water mark for EVs," about 8:30 a.m. CT on CNBC's "Squawk on the Street," with Jim Cramer, Carl Quintanilla, and David Faber. 

Faber ,with some light banter, pushed back on Cramer's comment. Cramer sounded more serious than Faber who simply called GM's Cruise setback a speed bump.

From the blog yesterday:

  • Fake EVs: taking market share. 
  • EVsfor the urban rich. Very rich. You and I don’t make the cut.
  • EVs: three articles to be linked in a.m. All three were “front-page” articles in The WSJ.
Cybertruck: deliveries to begin November 30, 2023, a Thursday, exactly one week after Thanksgiving.
 
Today, those three articles on the "front page" of yesterday's WSJ:




All this in the last 24 hours. Twenty-four hours. And the UAW is now running GM, Ford, and Stellantis.

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