For sure. But they are south Korean, I thought. *Archived Message
Posted by longsnapper on April 3, 2024, 12:03:22, in reply to "But Hyundai/Kia will"
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They seem to have figured out how to make EV. Good cars that people want at a good price point. They'll have NACS later this year and then it's truly game on.
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At least for a while. The stink of Chinese-made might cause some issue.
I think you'll see the EV only producers struggle while the legacy automakers grab market share
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and it will be interesting to see what happens to a lot of these manufacturers.
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Q1 deliveries report... Not good. Not good at all.
Deliveries: -8.5% from Q1 2023, -20% from Q4 2023 Vehicle production down 2% compared to Q1 2023, 12% compared to Q4 2023
Shares tumble, down 7%
Total deliveries Q1 2024: 386,810 Total production Q1 2024: 433,371
Shares dropped about 6.5%.
For months, there's been legitimate signs the company is struggling, but they were largely ignored because Elon's neurolink smoke screen.
Increased competition from both foreign and domestic companies(actual, real car companies), EV fatigue, and reduction in government subsidies are going to make the next few years interesting.
the earnings call in a few weeks will be pretty wild