GM killing it on big trucks and SUVs and is showing it off.
Sold only 16,400 EVs in Q1.
Who could’ve seen this coming ..
More: Talk to any dealer … resale is so horrendous most wont keep the cars on the lot (they immediately wholesale a trade in if they can).
If you build it, they won’t come.
It’ll be an interesting day for Tesla tomorrow. But they’re blaming it on other things of course.
https://www.zerohedge.com/markets/tesla-q1-earnings-preview-investors-brace-worst-results-7-years-ai-pivot-cybertruck
Without a significant improvement in battery technology, there will be no EV market. With the inferior technology that is the EV versus the ICE, there will be no more sales without socialist price supports (Taxpayer A being legally robbed by government B to give to EV purchaser C). Manufacturers (with shareholders, unlike governments) are required to bring a positive ROI to the table or their stocks are sold as junk. Therefore, either they sell a better product and make a positive ROI for their shareholders, or they sell an inferior product which no one wants to buy and they experience a negative ROI for their shareholders who, if they are smart, dump the stock and invest where they can get a positive ROI. Corporations are not in the business of losing money because there are real world consequences for stupid behavior. Governments don’t give a damn if they lose money because no politicians in North America have ever been hung from a tree for bilking the taxpayer. The worst that happens to the crooked politician is that they leave office wealthy on ill-gotten booty, and retire to a foreign country.
Legal never implies moral.
Tesla stock DOWN 41.5% in 2024.
I guess inflation has finally HIT the buying power of all the eco-virtue-signaling, leftist, high tech elites.
Goodbye Biden
And in support of the Palestinians along with my acknowledgement of the cultural changes in Canada … I have changed my screen name to kenjiq … may his unholy name be cursed
Biden’s effect on gas prices might help keep EVs in the game.
There is that … but anyone with a brain would buy a hybrid at the least
The market opportunity selling less-than-functional vehicles to progressive illiterates is now saturated. Liberal government will not, however, allow it to die because of the outstanding opportunity it provides to transfer wealth from working class, conservative (Trump-supporting) voters to already wealthy, woke progressive nincompoops. (The same dynamic applies to college loan forgiveness).
The typical Tesla buyer earns $150,000 a year, and owns a home. They need the subsidies provided by government, LOL. Gas prices eventually become irrelevant, because In order to bolster the market, liberal/progressive controlled states have already laid in legislation or governmental edicts that outlaw ICE vehicles post 2030. And the graft continues.
The stock is up 6% in after-trading even though their numbers are down. I don’t get it.
People figuring they can make money on the movement of the stock?
Musk trotted out a bunch of hooey about new model releases today, and this apparently drove the positive trades this afternoon. None of this works without endless, unethical government subsidy.
In other news it looks like you can run around town in an almost new low mileage Cadillac for $45,000
If a town runabout is all you would ever do it might make sense, I wouldn’t give up my real car though – for which I spent half that amount
Caddies look like crap nowadays. I owned 2 (a ’75 Eldorado and a ’78 DeVille) when I was in my disposable Cadillac phase – I could not afford a new car so I bought used Caddies. If I was looking for a new car now, I’d look at a Mazda.
The Cadillac CT 5 Blackwing and the CT 4 Blackwing are terrific cars.
Both have made “Car and Driver’s” Top Ten List the last few years.
https://www.caranddriver.com/features/a42187877/10best-cars-2023/
You have no idea what you are talking about. Go back to sleep, grandpa, after you eat your pudding.
Thanks for the update, they still look like crap, and proof that a fool and his money are easily parted.
Great review
https://www.caranddriver.com/news/a40992058/cadillac-ct5-v-blackwing-engine-failure/
TBF … if you read the comments to your CarandDriver article … those Caddies are IMPOSSIBLE to find. And if you do … you will pay a PREMIUM, well over MSRP prices.
As one commenter quipped … Soon we’ll be calling this the 10Scarcest list.
Just rolled out from Toronto to Moncton and back in a hybrid Maverick. Normally I do country roads and consistently get 47MPG with summer tires on and AC off. It gets a bit thirstier doing a steady 120km/h so 39MPG for that trip. Still…nice to do the drive for just a smidge under $300 and only stop long enough every 750km or so to have a pee, fill up the tank and grab a coffee.
It was joy not having to stop and spend a dime in Quebec.
Masters of the Obvious, and the price of inconvenience.
(The best way to maintain the resale value of your Hummer EV is to not drive it.)
“Moreover, the impact of vehicle mileage on the Hummer EV Sale Strategy can’t be understated—lower mileage often translates to higher resale value.”