The Biggest Story Not Being Reported -- This Story Has Simply Disappeared -- Even Tesla Except For "Personality/Fluff" Stories -- February 2, 2024

Locator: 46718EVS. 

Overview Of Recent Posts

EVs 101: link here.

February 3, 2024: it's not getting any better or any easier.

November 23, 2023: game over?

 March 1, 2023: NIO -- margins are atrocious and losses are doubling. 

February 28, 2023: Rivian losses severe.

August 3, 2022: going from bad to worse: Lucid. 

July 22, 2022: great commentary in The WSJ. 

April 6, 2022: Rivian running about 2,000 trucks per quarter.

 Recently

EVs have definitely been pushed back a few years; the question is will they ever recover, and if they do, how long will it take? 

Link here.

Link here. 

Link here. 

From the linked article:

It’s not you, it’s the interest rates. The reasons are probably more nuanced than that, but a number of prominent car tech companies are finding themselves in the unenviable position of being dumped by the bigger companies that they’ve relied on for funding. It’s especially harsh when you consider we’re a few weeks away from Valentine’s Day. It started earlier this week, when auto parts giant Aptiv said it was pulling funding from Motional, the robotaxi joint venture it started with Hyundai in 2020. The reason? Money, of course. And how long it was taking to commercialize the technology. 

The next dumpee was Polestar, the Swedish electric performance brand, which found itself getting the “we’re growing apart” speech from Volvo. Volvo said it was handing over funding responsibility for Polestar to its Chinese parent company Geely — which is the equivalent of telling your ex you still want to be friends. 

But as interest rates remain stubbornly high and macroeconomic weirdness makes it difficult to make any solid predictions about the future, more splits could be on the horizon. The lonely hearts club may find some new members

Poppycock! This has nothing to do with interest rates. Americans don't want EVs -- this has nothing to do with interest rates. You can't blame JPow for this one.

EVs: link here. 

• scorecard
• cash burn 
• graphite
•  not for me. 
• "Energy transition is dead" is followed here. 
• EVs charging. 
• cold weather -- reality sets in -- January, 2024
• resale value -- a deal-breaker

The EV story has completely disappeared.

At best, the story has pivoted to the "fake EV," the hybrid.

But the big story: back to the future -- back to the ICE. 

Investors are tired of legacy auto manufacturers throwing money away on EV development. 

The most recent example -- which completely blows m away -- I vividly remember the day Volvo said they would be 100% EV by 2030 (or whatever year it was). Now, adios. 

How much do investors hate EVs? How much money can legacy auto makes earn if they ditch EV development?

This provides a hint:

More, at The WSJ:

Flashback to all the excitement, April 4, 2022: