Re: THE Electric Vehicle (EV) Thread pt 15
Posted: Fri 26 Apr 2024, 07:48:07
A brutal elimination round is reshaping the world’s biggest market for electric cars
Even the Chinese are in trouble.
And just for fun.
LA Times
Man who drove Tesla off cliff with family in car was 'psychotic,' doctors say
Probably disparing because of the higher interest rates and the fact he can't sell his Tesla for anything like it cost him. When rates shoot up like they have people tent to sell toys bough in the good times, often at a big loss. But the losses on a used Tesla are so great now it's hardly worth selling one.
https://finance.yahoo.com/news/brutal-e ... 49807.htmlA “life and death race” has begun to unfold in the world’s largest market for electric vehicles (EV)
Chinese EV makers showing off their newest models at Auto China, which kicks off in Beijing on Thursday, have enjoyed generous support from the government for years, with some growing rapidly to become global players. BYD, for example, is now vying with Tesla for leadership of the battery electric vehicle market.
But all of the country’s more than 200 EV manufacturers are now grappling with huge oversupply, and experts predict many smaller companies will not survive the fiercely-competitive environment.
From a brutal price war to slowing sales in a weakening economy, the challenges unfolding in China have also forced some global automakers to retreat. And, it doesn’t help that the enthusiasm for EVs is waning in other markets around the world.
“China’s EV industry is only going to go from strength to strength as a whole, but not every player today will see the finish line,” said Mark Rainford, an automotive industry commentator based in Shanghai who hosts the YouTube channel “Inside China Auto.” Even Chinese officials have said that carmakers will need a cast iron stomach to pull through the next few months.
Even the Chinese are in trouble.
And just for fun.
LA Times
Man who drove Tesla off cliff with family in car was 'psychotic,' doctors say
Two doctors testified that the man who drove his Tesla off a cliff with his wife and children in the car suffered from major depressive order and was experiencing a psychotic break at the time of the crash.
The testimony came Wednesday in the case of Dharmesh Patel, a Pasadena radiologist who was charged with three counts of attempted murder after he drove the family's Tesla off the cliff at Devil's Slide on Highway 1 near Half Moon Bay, according to prosecutors.
Probably disparing because of the higher interest rates and the fact he can't sell his Tesla for anything like it cost him. When rates shoot up like they have people tent to sell toys bough in the good times, often at a big loss. But the losses on a used Tesla are so great now it's hardly worth selling one.