can the legacy automakers profitably make EVs?* Archived Message
Posted by ECEIllinois on April 3, 2024, 12:22:35, in reply to "I'm not convinced BYD will have a huge impact on the American market."
Previous Message 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 Previous Message and it will be interesting to see what happens to a lot of these manufacturers. Previous Message 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. https://mb.boardhost.com/TheDeuce/msg/archive/1706622004.html 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
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Message Thread: | This response ↓
- Tesla numbers shock analysts, stock drops - longsnapper April 3, 2024, 5:05:05
- Oh hi, META* - longsnapper April 5, 2024, 13:28:13
- it’s all about china. they’ve shifted their focus from real estate to evs - Ari Gold April 3, 2024, 11:16:56
- The competition and production challenges are definitely the biggest factors - snipes824 April 3, 2024, 11:10:33
- how much did they light on fire developing and building the cybertruck? - VIV April 3, 2024, 11:07:53
- late 2021/2022 they really screwed over their owners by drastically cutting prices to goose sales - ATL April 3, 2024, 8:06:42
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