Locator: 47018EVS.
Earlier today:
Tesla:
- in a world of its own
- lays off 10% of its workforce;
- cancels updated Model Y;
- delays delivery of Cybertruck without comment — reported today; came with no warning;
- if you’re losing money on each delivery, does one continue to deliver?
- Gary Black: great analysis of current state of Tesla -- looking for silver linings among the clouds; unlikely to find any;
- NYTimes: EV sales are slowing; Tesla's are slumping;
- Sandy Munro: this did not age well;
- Brad Munchen: Tesla sold only 6,000 vehicles last week, down 52% y/y
- same level of volumes as small local EV makers like Li and Aito (of which I've never even heard)
- quarter-to-quarter: Tesla's local sales are. 7,907 vehicles, down 59% y/y from 19,473 in 2023
Several months ago, this post: bottom line, "Americans don't want EVs." And more, "Americans don't like mandates."
The reason this comes up again: I just spent the last half hour going through the thread started by Gary Black at the above. My recommendation: TLDR. Too long, don't read. Same arguments that we've heard ad nauseum for the past decade.
Bottom line: "Americans don't want EVs. Americans don't like mandates."
I get such a kick out of this. If EVs were so great, we wouldn't see charts that look like this after decades of folks trying to sell them:
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