Re:Auto execs are coming clean: EVs aren't working
by datavirtue on Thursday November 02, 2023 @10:35PM
(#38123734)
Tesla just steeply discounted the hell out of their cars. The minimum discount I can recall was $10k. Several cars were dropped by over $30k. They basically just fucked the resale value of all their existing customers. This was done out of desperation. EV demand fell off a cliff after the pandemic.
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Re:Auto execs are coming clean: EVs aren't working
by toomuchtodo on Thursday November 02, 2023 @10:37PM
(#38123753)
Good! This increases the available pool of buyers while putting more distress on legacy auto. Tesla can afford the margin compression. If they are less profitable, that’s fine, replacing combustion units is most important to pull forward the combustion supply chain death spiral.