Your report about Stellantis being unable to sell its plant in China despite pricing it 75% below what it cost to build is an eye opener. That proves that Legacy Auto’s plants are worthless and their debt will never be repaid…
Chinese automakers have about 16-18 million vehicles in excess production capacity. Japanese, European, and American automakers have been closing factories in China due to extreme price wars, shrinking demand, and struggling economy. Multiple large car dealerships in China have already gone bankrupt and closed shop. While Stellantis may not be a big player in China, VW has always had significant market presence. They were the largest foreign automaker in China in terms of market share. Slowdown of sales and closure of factories will trickle down to multiple suppliers, eliminating many jobs in China. It's a blood bath. And the debt on B/S is mostly for funding auto-loans.
Stellantis is in real trouble, but this isn't a legacy auto thing. Tons of auto factories are up for sale in China right now as the industry shrinks and consolidates.
Either that and/or they know they can squeeze them more. And there is no competition really between the brands in China. If the big guy says nobody buys the factory until they discount it more, so it is.
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It proves you're a China bot spreading propaganda.
Regarding European car sales - car ownership is now extremely expensive especially for younger people who face eye-watering cost for insurance and driving lessons often running into several thousand £. Consequently a lot of younger and older people are giving up on car ownership and using public transport instead. If you are a European city dweller then car ownership is now undesirable.
We know VW has basically reset their EV programs. ICE sales are falling, but EV is still not a big part of their company bottom line. The "We have two years" statement for making major changes from the current VW CEO feels two years too late. Autoline gave the VW EV reset good coverage when it happened, so I can understand not making the delays and production stoppage for ID production a lead story.
I do not think Stellantis will be alone in being una le to unload ICE factories. Over the next five years, these kinds of stories will become more common.
Even its Belvedere, IL facility is in this category... It's been quietly been shopped around possibly to one of the Chinese OEM's because Stellantis clearly has no real plans to build electric trucks there as promised to its UAW members... If they can find a buyer like BYD great. A quick cash infusion might starve off long-term decline for a few more years but until they can figure out how to make PROFITABLE BEV's, they are just buying time before death!
chinese government release EV development plan in 2004 (even before tesla release their first car), existing & new companies joining, and now, this is the result. foreign manufacturers should know about the plan, but they just enjoy the big sales of their ICE cars.
That ID.4 news is hardly surprising. That car was a nightmare. One gets the feeling it was a super low effort compliance car they then rushed into full production, but it was clearly far from ready to be sold.
EU puts 100% Tarifs on the only compelling EVs and they expect EVs to sell like last year. Car prices are too high as legacy tries to squeeze profit out of their customers. No one is blaming Legacy auto for their problems. Are they waiting for BYD and others to fix their problem for them. They will replace them. Stellantis should sell some brands to BYD and others. Hydrogen is dead. How many sources for Hydrogen are their?
The talk about how much assets the legacies have is borderline dumb. These assets have no value during the EV transition. ICE factories are like empty shopping malls
@@nguyep4 Couldn't have said it better myself. The cost to retrofit these dying facilities isn't worth it which is why most of these will be headed for the wrecking ball or conversion to Amazon warehouse space as is the case here in Canada with what happened to the St. Thomas Assembly outside London, Ontario... Used to make Crown Vic's.. Now? An Amazon warehouse sits on its site!
Ditto with VW... Too much capacity worldwide not enough sales to justify its workforce or factory locations... They had the future in their hands and squandered it, now look at them!
@@stickynorth Some of us who watched the industry from 2010 - which includes me - knew that they were way over their skis in the terms of planning. Even in 2012, you could see the problems with the EV "revolution". similar even today.
.... down in Europe. Germany stopped their subsidies, and everywhere they're bot keeping up on chargers. And folks are probably wondering if the Chinese are going to step in.
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@@FrancescMuro China like Tesla have overproduced and now have thousands of vehicles sitting on lots and in fields collecting dust.
Tesla and the Chinese years of laying the foundation for the battery and electric vehicle boom. My Tesla Model 3 has CATL batteries in it. Giga Shanghai has been a big part of the Tesla success story. Let us not forget BYD blade batteries us European Tesla Model Y. The Chinese companies are fine with trying new things and copying what works. Their business culture seems to be more agile than many Western legacy builders. That might be due to the top Chinese builders being young companies that do not deal with legacy bureaucracy that places like GM and VW have.
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Do you mean all cars will have crap build quality, cheap dull interiors and terrible paint finishes?
You have not seen Tesla vehicles lately. The new Model 3 and Y from Giga China and Giga Berlin are great based on reviews by owners. Much of the build issues have been addressed at most factories.
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@@kevtheobald The latest with the exception of the CyberFlop which is a build quality nightmare are better but still below industry standards.
Not what I am seeing from reviews from Europe and China. The Cybertruck is such a new type of vehicle, it is impressive what they accomplished and I suspect that like the Model 3, Cybertruck will rapidly improve. The stainless steel body has never been successfully mass produced and they have done it. Higher numbers than DMC12 and it is a vehicle many critics said could never be made or made in numbers larger than a thousand a year. I get peoplevhatr Musk, but Tesla is upgrading and improving vehicles at a very high pace. People want refuse to believe a Model 3 is not as good as a Camry, but more and more data is showing Model 3 is holding up very well. Time will tell, but seeing how well the refreshed Model 3 turned out, it shows Tesla has improved a ton.
"this could be the beginning of the great shakeout everyone's been anticipating"* *except the vocal minority over at forums like arstechnica and everywhere else, where they thought legacy automakers could just magically catch-up to Tesla
@@ethanwelner1230 Yep, Ars has always been just a mouthpiece of legacy sponsors and an extreme woke echo chamber, they used to be good before getting bought by the Conde Nast media conglomerate. And I say that as a left leaning centrist.
Bob Lutz is a good talker, but his track record is mixed. Remember the company he headed up that was going to put an GM engine, the LS9 Supercharged, in the first Fisker sedan, the Karma. That failed. He has been associated with a range of vehicle ventures that went nowhere. Lutz was good at slamming Tesla and claiming it would never be more than a niche builder. Bob Lutz reminds me of Lee Iacocca. They are hype type of leaders. Lutz has far more charisma than Mary Barra and more than Jim Farley. I like Farley, and I do not always agree with his leadership choices. Lutz has had a career few will ever match. Just remember he likes to spin and hype things. Is he less hype oriented in his 90's, I guess we will see.
Yup. He's an interesting and colorful interview but accurate? Not even close... One of the most over-confident and under-delivering car CEO's in my lifetime...
I question the accuracy of this channel and others when quoting car and EV sales. Some say down some -and say up, who is accurate? Who do you believe? Where is the data from?
It's how you interpret the actual numbers, and dealing with outside influences and projections. "Unprecedented slowdown" is sales were less than exponentially rising, when some thought EV sales would be 100% by now. The substitution of "electrified" hybrids for EVs (which dealers hate) is another factor, which comes at the expense of ICE sales mostly. Germany's cutoff of incentives fueled a large increase before, followed by a large decrease in EV sales. Sales of cheap small EVs in the USA are nil, because nobody here makes them and the government won't let Chinese ones in.
Factory shutdowns left and right. The "valley of death" phenomenon that experts predicted seems to be starting to play out gradually as legacy automakers struggle their way through this disruptive "smart car" and "EV" convergence. No amount of "No EV demand" marketing, or begging for regulatory relief, or lazy compliance solutions with bad software, is going to save the laggards from having to deal with weathering the storm. Compounded with bad global economic conditions, and it's just a painful period for all market players, though some more than others clearly. Hyundai group seems to be doing a good job out of the pack so far at least.
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But now it's the new automakers struggling to sell vehicles.
Legacy management has gotten away with "NO" for too long. No to new ideas, no to improvements, no to better approaches. At some point engineers just give up and either leave or retread the same old stuff with a new grill every year. They feel adding some marketing words helps too, such as the "FaultyEngine 3000". They are sure some suckers will swarm to buy it. Perhaps no longer.
EU automakers using their failure to sell cars as an excuse to flee their obligations is comical. It's not going to protect them from China's rise, or the switch to smart cars, something they're not equipped to provide. Expensive lazy compliance EVs wont save them here, they're leaving the door wide open for companies like Tesla and BYD etc to disrupt them globally, regardless of whether EU market itself can recover in the short term or not. Might also be better for them to focus on affordability, their consumers are no longer able to sustain their prices in this bad global economy.
VW and Stellantis are having big issues, I find weird that VW who got caught with that Smog scandal pledge to go all electric and at here in the US has one EV (ID Buzz isn't available just yet), but Audi which they own have at least 4 or maybe 5. Why start with them and not themselves? Stellantis, I feel they really might have to cut a few brand if UAW do another strike.
That 0.5 % decrease is a good start, I'll shop for a new car when they get close to the 0% financing for well qualified buyers again. Stagflation era prices and curb tax are bad enough, I'm not going to pay an insane loan rate on top of that.
@@nguyep4 We have accessible electric vehicles in Europe, dacia spring, renault 5, renault zoe, vw e-up, opel corsa and so on,But no one buys them, why? MG4 24,000 euros MG ZS 17000 euros MG4 26 minutes charging (fast charging but expensive) MG ZS 5 minutes "charging"
@puscaovidiu1 Incentive can be a good thing, but it can be a negative thing. I may have been over generalized low-cost EV. Not all ICE cars are made the same, same with EV. Low price but good value is what people may be looking for. And couple with incentives, people will naturally buy more than when incentives are reduced and ultimately removed. Think of sales or holiday sales, drive up transactions but once the sales are over, these are normalized. EV adoption normalized based on cost and value.
If you have paid any attention to EV prices they keep coming down. The change is happening. Think about where EVs were at in 2018 and where they ended up at in 2023. Model Y was the best selling vehicle in the world for 2023. Real change takes time and the cost of technology needs time to ramp to get the economies of scale to lower the costs which usually ends up at the retail level eventually. Keep in mind their are still people who fear recharging their vehicles being a headache or range anxiety, often both. As more people own EVs, it will help others to see it is nothing to fear. Just like ICE options, you have pick the good ones.
And in the meantime… Fanboys : EV sales are fine, it’s just a bump, everyone will drive EVs by… hmmm, a bit later maybe, but Tesla rules ( all the way… down )
3 vehicles in mine, it's a pain in the rear alternating cars and the motorcycle so batteries don't drain and tires don't rot. Also removing covers with morning dew annoys me, evening too
For how much longer can the Tesla Shanghai production line keep spitting out the old 3/Y in the face of totally new Chinese domestic products, that are luxuriously furnished, in a fashion obsessed market ?.
Musk did all Americans a huge favor by taking Twitter away from government influence. That immediately made him a target for media, the governments execution arm.
Clickbait. Clickbait. Decent Channel. Good analysis but no charts only video filler. Everyone has these photos. Everyone has this content. Dont Watch. Clickbait
Tesla is coming off a Stellar year and due for Juniper Refresh on the Model Y. Tesla will be, pardon the pun, Sparking things up on the Warner Brothers Studio lot on. 10/10/2024, with the unveiling of the Robotaxi and the $25,000 Model 2. I’m sure Tesla will have free rides through the expansive lot for all guests! I suspect, Tesla will be leaving these Robotaxi behind and WB will continue to use those Robotaxis for their set tours, and personnel transportation needs within the set lot! This will allow Tesla to get some experience and log some miles on these first edition Robotaxis!
@@DishNetworkDealerNEO Oh they did. The RoboTaxi and $25k projects were canceled per key suppliers. Adrian threw a fit and restarted them. Go reread their reports.
No one will buy the Cybertruck... It turns out ~5100 registered vs 5400 for all other EV trucks combined. Cumulatively, it barely beat out CT.... wait until CT far surpass the others. But yup, Teala is Fk. In a good way ;)
I am not a Tesla fanboy, but I was a VC consultant to an engine company group in the vehicle power generation industry before retiring. It is interesting that their stock is up nearly 9% month to date. One new part of their business, whose profit has grown 140% year to date, is their power storage. Their stock will keep rising in the next two months when they open another 40GWh manufacturing MEGAPAK facility. They also appear to be in good shape with the new Juniper project, which increases the range of the 2025 model Y by an estimated 24%.
@@Carl_in_AZ yes the Energy sector will rise but it cant compensate for the falling carsales and collapsing profits!Just watch next earningscalls,it will be horrible!
@@BrunoHeggli-zp3nl@BrunoHeggli-zp3nl I guess we will have to wait and see. It is surprising that they need to sell 1000 cars to equal the profit of one MEGAPAK. I followed the diesel, H2, electrical battery, power generation, and electric power train business for heavy vehicles and building emergency power. I no longer have access to the tools I once had.
Tesla pushing the Robotaxi over the affordable model is because the Chinese are nipping at their heels. They are hoping the Robotaxi/FSD will keep them ahead of the pack.
Tesla is coming off a Stellar year and due for Juniper Refresh on the Model Y. Tesla will be, pardon the pun, Sparking things up on the Warner Brothers Studio lot on. 10/10/2024, with the unveiling of the Robotaxi and the $25,000 Model 2. I’m sure Tesla will have free rides through the expansive lot for all guests! I suspect, Tesla will be leaving these Robotaxi behind and WB will continue to use those Robotaxis for their set tours, and personnel transportation needs within the set lot! This will allow Tesla to get some experience and log some miles on these first edition Robotaxis!
No one is going to buy the stock based on you pumping it in a youtube comment. That robotaxi will do nothing since FSD still can't even do level 4 and it's not a legal vehicle in any market anyway. It's going to be a paper machet car in a pre-prepared lot using a fixed route and it's not going on sale this decade. It's just another optimus/mars lie to keep the stock pumped.
@@stickynorth - Well with legacy "changes" making a grill change every year, Tesla is behind. With entirely new cars under the skin, Tesla is ahead. If you want lipstick on a pig, keep buying those legacy cars. If you want the latest quality technology, go with Tesla.
Your report about Stellantis being unable to sell its plant in China despite pricing it 75% below what it cost to build is an eye opener. That proves that Legacy Auto’s plants are worthless and their debt will never be repaid…
Chinese automakers have about 16-18 million vehicles in excess production capacity. Japanese, European, and American automakers have been closing factories in China due to extreme price wars, shrinking demand, and struggling economy.
Multiple large car dealerships in China have already gone bankrupt and closed shop. While Stellantis may not be a big player in China, VW has always had significant market presence. They were the largest foreign automaker in China in terms of market share. Slowdown of sales and closure of factories will trickle down to multiple suppliers, eliminating many jobs in China. It's a blood bath. And the debt on B/S is mostly for funding auto-loans.
@@yo2trader539
China has too many car manufacturers. They started with over 500 and need to continue to weed out the least capable.
Stellantis is in real trouble, but this isn't a legacy auto thing. Tons of auto factories are up for sale in China right now as the industry shrinks and consolidates.
Either that and/or they know they can squeeze them more. And there is no competition really between the brands in China. If the big guy says nobody buys the factory until they discount it more, so it is.
It proves you're a China bot spreading propaganda.
Regarding European car sales - car ownership is now extremely expensive especially for younger people who face eye-watering cost for insurance and driving lessons often running into several thousand £. Consequently a lot of younger and older people are giving up on car ownership and using public transport instead. If you are a European city dweller then car ownership is now undesirable.
I guess it is even before the eye-watering rents.
How is the id4 news not the headline?! That production stoppage until next year is crazy
Don't want to upset them, money talks. In this case, not.
We know VW has basically reset their EV programs. ICE sales are falling, but EV is still not a big part of their company bottom line. The "We have two years" statement for making major changes from the current VW CEO feels two years too late.
Autoline gave the VW EV reset good coverage when it happened, so I can understand not making the delays and production stoppage for ID production a lead story.
Hopefully they'll do a redesign for the NACS port while they figure out how to fix the problem.
@@TheJ1s outlook: not great
Stellantis is the poster child of bad everything automotive.
It's a conglomerate of all the worst brands.
It’s the bad bank of the automotive world. Merged all the shitty brands together until they are to big to fail.
I do not think Stellantis will be alone in being una le to unload ICE factories. Over the next five years, these kinds of stories will become more common.
Even its Belvedere, IL facility is in this category... It's been quietly been shopped around possibly to one of the Chinese OEM's because Stellantis clearly has no real plans to build electric trucks there as promised to its UAW members... If they can find a buyer like BYD great. A quick cash infusion might starve off long-term decline for a few more years but until they can figure out how to make PROFITABLE BEV's, they are just buying time before death!
chinese government release EV development plan in 2004 (even before tesla release their first car), existing & new companies joining, and now, this is the result. foreign manufacturers should know about the plan, but they just enjoy the big sales of their ICE cars.
That ID.4 news is hardly surprising. That car was a nightmare. One gets the feeling it was a super low effort compliance car they then rushed into full production, but it was clearly far from ready to be sold.
Was it on purpose? VW also funded Electrify America and those chargers have huge downtime.
EU puts 100% Tarifs on the only compelling EVs and they expect EVs to sell like last year. Car prices are too high as legacy tries to squeeze profit out of their customers. No one is blaming Legacy auto for their problems. Are they waiting for BYD and others to fix their problem for them. They will replace them. Stellantis should sell some brands to BYD and others.
Hydrogen is dead. How many sources for Hydrogen are their?
The talk about how much assets the legacies have is borderline dumb. These assets have no value during the EV transition. ICE factories are like empty shopping malls
@@nguyep4 Couldn't have said it better myself. The cost to retrofit these dying facilities isn't worth it which is why most of these will be headed for the wrecking ball or conversion to Amazon warehouse space as is the case here in Canada with what happened to the St. Thomas Assembly outside London, Ontario... Used to make Crown Vic's.. Now? An Amazon warehouse sits on its site!
Stellantis is like K-Mart/Sears right now, especially with how they responded to dealers recently.
Overconfident and ignorant before the big collapse.
I loved shopping at Sears and K-Mart as a kid in the 1970s. It was a weekly thing.
I think they saw the handwriting on the wall but couldn't do anything.
Ditto with VW... Too much capacity worldwide not enough sales to justify its workforce or factory locations... They had the future in their hands and squandered it, now look at them!
@@stickynorth Some of us who watched the industry from 2010 - which includes me - knew that they were way over their skis in the terms of planning. Even in 2012, you could see the problems with the EV "revolution". similar even today.
C'mon, it'll cut your payment maybe $10 a month.
Maybe 15 lol
Dealers: "lower interest rates? Let's hit-em with more pre-installed add-ons, a bit more ADM, and more extended warranties"
And "market adjustments", and overpricing EVs to prove "nobody wants them, waaah waaah"
@@jamesvandamme7786 Kia shop near me has some $70K EV6s. Yeah, they're not exactly lining up.
Maxus has been selling its eDeliver vans in Europe for years now.
If VW needs 6 months to fix a door handle leak maybe it should ask its Chinese partners to engineer the solution. Would take them an afternoon
VW has shoddy construction. I remember when Tesla had door handle problems. Maybe Tesla can teach VW how to build better cars?
Tesla still has the worst styling, build quality and interior design in the industry.
I thought you guys report EV's increased sales at least 1% worldwide? Now you guys report EV sales are down all over the world?
They are up in China, where about 75% of global EV sales take place
No the best channel
This goes way back, they were calling an EV slow down since January, frequently quotes EV slow down between quarterly EV increase reports
.... down in Europe. Germany stopped their subsidies, and everywhere they're bot keeping up on chargers. And folks are probably wondering if the Chinese are going to step in.
@@FrancescMuro China like Tesla have overproduced and now have thousands of vehicles sitting on lots and in fields collecting dust.
Bob Lutz, the Tesla Model Y will be a failure. Choking down pride is a bummer.
Corolla still #1. Leon failed again
Lutz is a blowhard with several key missteps throughout his career.
hate saying “i told you so”, but i told you so
It’s ok!
What did you tell us?
The “Tesla Effect” is taking place!
Tesla and the Chinese years of laying the foundation for the battery and electric vehicle boom. My Tesla Model 3 has CATL batteries in it. Giga Shanghai has been a big part of the Tesla success story. Let us not forget BYD blade batteries us European Tesla Model Y.
The Chinese companies are fine with trying new things and copying what works. Their business culture seems to be more agile than many Western legacy builders. That might be due to the top Chinese builders being young companies that do not deal with legacy bureaucracy that places like GM and VW have.
Do you mean all cars will have crap build quality, cheap dull interiors and terrible paint finishes?
You have not seen Tesla vehicles lately. The new Model 3 and Y from Giga China and Giga Berlin are great based on reviews by owners. Much of the build issues have been addressed at most factories.
@@kevtheobald The latest with the exception of the CyberFlop which is a build quality nightmare are better but still below industry standards.
Not what I am seeing from reviews from Europe and China. The Cybertruck is such a new type of vehicle, it is impressive what they accomplished and I suspect that like the Model 3, Cybertruck will rapidly improve. The stainless steel body has never been successfully mass produced and they have done it. Higher numbers than DMC12 and it is a vehicle many critics said could never be made or made in numbers larger than a thousand a year.
I get peoplevhatr Musk, but Tesla is upgrading and improving vehicles at a very high pace. People want refuse to believe a Model 3 is not as good as a Camry, but more and more data is showing Model 3 is holding up very well. Time will tell, but seeing how well the refreshed Model 3 turned out, it shows Tesla has improved a ton.
"this could be the beginning of the great shakeout everyone's been anticipating"*
*except the vocal minority over at forums like arstechnica and everywhere else, where they thought legacy automakers could just magically catch-up to Tesla
I'm not sure ArsTechnica is a bastion of meaningful car talk.
@@ethanwelner1230 Yep, Ars has always been just a mouthpiece of legacy sponsors and an extreme woke echo chamber, they used to be good before getting bought by the Conde Nast media conglomerate.
And I say that as a left leaning centrist.
Bob Lutz is a good talker, but his track record is mixed. Remember the company he headed up that was going to put an GM engine, the LS9 Supercharged, in the first Fisker sedan, the Karma. That failed. He has been associated with a range of vehicle ventures that went nowhere.
Lutz was good at slamming Tesla and claiming it would never be more than a niche builder.
Bob Lutz reminds me of Lee Iacocca. They are hype type of leaders. Lutz has far more charisma than Mary Barra and more than Jim Farley. I like Farley, and I do not always agree with his leadership choices.
Lutz has had a career few will ever match. Just remember he likes to spin and hype things. Is he less hype oriented in his 90's, I guess we will see.
Yup. He's an interesting and colorful interview but accurate? Not even close... One of the most over-confident and under-delivering car CEO's in my lifetime...
I question the accuracy of this channel and others when quoting car and EV sales. Some say down some -and say up, who is accurate? Who do you believe? Where is the data from?
It's how you interpret the actual numbers, and dealing with outside influences and projections. "Unprecedented slowdown" is sales were less than exponentially rising, when some thought EV sales would be 100% by now. The substitution of "electrified" hybrids for EVs (which dealers hate) is another factor, which comes at the expense of ICE sales mostly. Germany's cutoff of incentives fueled a large increase before, followed by a large decrease in EV sales.
Sales of cheap small EVs in the USA are nil, because nobody here makes them and the government won't let Chinese ones in.
Rate cuts, but bond yields went up, making purchases more expensive.
Check again, I made a big CD purchase a few days ago and the rates are down.
So ZF did an EGR for H2 for fuel cell
Factory shutdowns left and right.
The "valley of death" phenomenon that experts predicted seems to be starting to play out gradually as legacy automakers struggle their way through this disruptive "smart car" and "EV" convergence.
No amount of "No EV demand" marketing, or begging for regulatory relief, or lazy compliance solutions with bad software, is going to save the laggards from having to deal with weathering the storm.
Compounded with bad global economic conditions, and it's just a painful period for all market players, though some more than others clearly.
Hyundai group seems to be doing a good job out of the pack so far at least.
But now it's the new automakers struggling to sell vehicles.
Legacy management has gotten away with "NO" for too long. No to new ideas, no to improvements, no to better approaches. At some point engineers just give up and either leave or retread the same old stuff with a new grill every year. They feel adding some marketing words helps too, such as the "FaultyEngine 3000". They are sure some suckers will swarm to buy it. Perhaps no longer.
Tesla bot has spoken.
EU automakers using their failure to sell cars as an excuse to flee their obligations is comical. It's not going to protect them from China's rise, or the switch to smart cars, something they're not equipped to provide.
Expensive lazy compliance EVs wont save them here, they're leaving the door wide open for companies like Tesla and BYD etc to disrupt them globally, regardless of whether EU market itself can recover in the short term or not.
Might also be better for them to focus on affordability, their consumers are no longer able to sustain their prices in this bad global economy.
China wants a BEV revolution. Everyone else? Performative efforts only...
VW and Stellantis are having big issues, I find weird that VW who got caught with that Smog scandal pledge to go all electric and at here in the US has one EV (ID Buzz isn't available just yet), but Audi which they own have at least 4 or maybe 5. Why start with them and not themselves? Stellantis, I feel they really might have to cut a few brand if UAW do another strike.
A strike would be great for Stellantis. After 2 years the dealer inventory might become normal.
Sandy Munro tried to warn them
He's gone senile.
That 0.5 % decrease is a good start, I'll shop for a new car when they get close to the 0% financing for well qualified buyers again. Stagflation era prices and curb tax are bad enough, I'm not going to pay an insane loan rate on top of that.
Tesla offers 2% financing right now, and I suspect a few other car makers do as well. Worth it to check around.
Europe's EV market share DOWN to 14%😂😂 i thought EVs were the future?? how shocking that customers just want an affordable car
You just answer your own question. Lower price EV is not yet available in EU, and when they are, they are not allowed.
@@nguyep4 We have accessible electric vehicles in Europe, dacia spring, renault 5, renault zoe, vw e-up, opel corsa and so on,But no one buys them, why? MG4 24,000 euros
MG ZS 17000 euros
MG4 26 minutes charging (fast charging but expensive)
MG ZS 5 minutes "charging"
The EV tax credit has been reduced
@puscaovidiu1 Incentive can be a good thing, but it can be a negative thing. I may have been over generalized low-cost EV. Not all ICE cars are made the same, same with EV. Low price but good value is what people may be looking for. And couple with incentives, people will naturally buy more than when incentives are reduced and ultimately removed. Think of sales or holiday sales, drive up transactions but once the sales are over, these are normalized. EV adoption normalized based on cost and value.
If you have paid any attention to EV prices they keep coming down. The change is happening. Think about where EVs were at in 2018 and where they ended up at in 2023. Model Y was the best selling vehicle in the world for 2023.
Real change takes time and the cost of technology needs time to ramp to get the economies of scale to lower the costs which usually ends up at the retail level eventually.
Keep in mind their are still people who fear recharging their vehicles being a headache or range anxiety, often both. As more people own EVs, it will help others to see it is nothing to fear. Just like ICE options, you have pick the good ones.
And in the meantime…
Fanboys : EV sales are fine, it’s just a bump, everyone will drive EVs by… hmmm, a bit later maybe, but Tesla rules ( all the way… down )
Hahaha too dense to know how high interest rate has effect on big ticket items that cost average $45k. Oh, hint the legacies can't make EV for profit.
By that logic all cars are doomed given these european numbers. Which would probably be for the best, cars are kind of a bad idea.
@@ethanwelner1230 Cars are bad unless you need to get around and there's no alternative. EVs are better than ICE so let's start building them.
Probably cause we already have 4 cars in our driveways. We don't need another one.
3 vehicles in mine, it's a pain in the rear alternating cars and the motorcycle so batteries don't drain and tires don't rot. Also removing covers with morning dew annoys me, evening too
The biggest secret in the auto industry has to be Ford's Euro trucks.
Manufacturers need to reduce insurance costs, make cars cheaper to repair, otherwise they are just unaffordable.
For how much longer can the Tesla Shanghai production line keep spitting out the old 3/Y in the face of totally new Chinese domestic products, that are luxuriously furnished, in a fashion obsessed market ?.
TESLA is aiming for his BEST YEAR IN CARS SOLD, this year. CHINESE and TESLA will be the ones winning
How about rating Musk as well.
Lutz said Musk would fail back in 2016.
Musk has done more to move humanity forward than most people on the planet.
But liberals hate him because of his politics. 😂😂😂
@NomenClature-o8s He gets hate from both sides. Trump just likes Musk's money.
Musk did all Americans a huge favor by taking Twitter away from government influence. That immediately made him a target for media, the governments execution arm.
Bob Lutz = dinosaur
Elon Musk = Fascist Headcase.
Clickbait. Clickbait.
Decent Channel.
Good analysis but no charts only video filler.
Everyone has these photos.
Everyone has this content.
Dont Watch.
Clickbait
....and Lutz better discuss Tesla; no doubt he'll admit how wrong he was. No one is correct 100% of the time, right?
😅😆😂🤣
Tesla is coming off a Stellar year and due for Juniper Refresh on the Model Y. Tesla will be, pardon the pun, Sparking things up on the Warner Brothers Studio lot on. 10/10/2024, with the unveiling of the Robotaxi and the $25,000 Model 2. I’m sure Tesla will have free rides through the expansive lot for all guests! I suspect, Tesla will be leaving these Robotaxi behind and WB will continue to use those Robotaxis for their set tours, and personnel transportation needs within the set lot! This will allow Tesla to get some experience and log some miles on these first edition Robotaxis!
Rude to ignore Reuters who revived both projects after Leon killed them.
@@bobbbobb4663 you are funny! Reuters Tooters did not play any factor in Elon’s or Tesla’s engineering or production schedule or decision making!
@@DishNetworkDealerNEO Oh they did. The RoboTaxi and $25k projects were canceled per key suppliers. Adrian threw a fit and restarted them. Go reread their reports.
Are you OK there? Tesla has had a terrible year and it's getting worse.
Tesla is fucked
No one will buy the Cybertruck... It turns out ~5100 registered vs 5400 for all other EV trucks combined. Cumulatively, it barely beat out CT.... wait until CT far surpass the others. But yup, Teala is Fk. In a good way ;)
I am not a Tesla fanboy, but I was a VC consultant to an engine company group in the vehicle power generation industry before retiring. It is interesting that their stock is up nearly 9% month to date. One new part of their business, whose profit has grown 140% year to date, is their power storage. Their stock will keep rising in the next two months when they open another 40GWh manufacturing MEGAPAK facility. They also appear to be in good shape with the new Juniper project, which increases the range of the 2025 model Y by an estimated 24%.
@@Carl_in_AZ yes the Energy sector will rise but it cant compensate for the falling carsales and collapsing profits!Just watch next earningscalls,it will be horrible!
@@BrunoHeggli-zp3nl@BrunoHeggli-zp3nl I guess we will have to wait and see. It is surprising that they need to sell 1000 cars to equal the profit of one MEGAPAK. I followed the diesel, H2, electrical battery, power generation, and electric power train business for heavy vehicles and building emergency power. I no longer have access to the tools I once had.
Tesla pushing the Robotaxi over the affordable model is because the Chinese are nipping at their heels. They are hoping the Robotaxi/FSD will keep them ahead of the pack.
Very informative and interesting! Thank you for such content! 🧡💖
Tesla is coming off a Stellar year and due for Juniper Refresh on the Model Y. Tesla will be, pardon the pun, Sparking things up on the Warner Brothers Studio lot on. 10/10/2024, with the unveiling of the Robotaxi and the $25,000 Model 2. I’m sure Tesla will have free rides through the expansive lot for all guests! I suspect, Tesla will be leaving these Robotaxi behind and WB will continue to use those Robotaxis for their set tours, and personnel transportation needs within the set lot! This will allow Tesla to get some experience and log some miles on these first edition Robotaxis!
No one is going to buy the stock based on you pumping it in a youtube comment. That robotaxi will do nothing since FSD still can't even do level 4 and it's not a legal vehicle in any market anyway. It's going to be a paper machet car in a pre-prepared lot using a fixed route and it's not going on sale this decade. It's just another optimus/mars lie to keep the stock pumped.
Tesla only has the $25K car up its sleeve. Otherwise the lineup is stale-dated even with a "refresh"...
@@stickynorth - Well with legacy "changes" making a grill change every year, Tesla is behind. With entirely new cars under the skin, Tesla is ahead. If you want lipstick on a pig, keep buying those legacy cars. If you want the latest quality technology, go with Tesla.
@@stickynorth Tesla has nothing 'up it's sleeve' Musk has walked away his scam has been uncovered.
The Robotaxi will be an immediate spike to the stock and then wait for the first "incident". Media will eat him alive when that happens.