Focus On Electricity -- EVs -- August 16, 2024

Locator: 48434EVS.

Breaking

Later, 10:06 a.m. CDT, August 16, 2024. Holy mackerel -- look what just broke!

Original Post

Continuing our focus on electricity today, we continue with EVs.

Norway: the headline caught my eye. Then the backstory. LOL. The headline: almost every car now being sold in Norway is an EV. Wow. Almost every car. Then the small print: car sales in Norway are down an incredible, whopping 50% year-over-year That's the lowest in fifteen years. Link here.

Norway: re-thinking EVs.

Lucid: oh-oh. It's just a matter of time before Saudi says sayonara. Probably one of the best analyses I've seen on this subject. Link here.

Tesla: this is a story I would have expected in a throw-away, clickbait-heavy source, but here it is, in The WSJ. Amazing. People pay $100,000 for this and then accept what they get without complaining. 

Even after an incredibly bad five years, their shares continue to collapse. 

Rivian, the darling of Wall Street. Over five years it has lost an incredible 90% of its value, but in the past year those loses have continues, having lost almost 40% of its value over the past year.

Lucid, the car company for LIV players. Over five years it has lost 69% of its value, but in the last year, it has lost almost 50% of its value.