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I have mixed views on this. Long Tesla: If prices are falling, costs must be falling. Surely the $4500 USD Chinese EV represents close to the true long term mi
by acyou 3y ago
I have mixed views on this.
Long Tesla: If prices are falling, costs must be falling. Surely the $4500 USD Chinese EV represents close to the true long term minimum cost of producing one of these. Margins compared to ICE are going to be awesome and only get better.
Short Tesla: In 10 years, we'll look back at taxpayer funded lithium ion EV as policy failure, as well as an unmitigated environmental disaster from heavy metals mining and battery disposal, as well as a structure and vehicle insurance disaster due to adverse collision and fire risk. If the technology is so great, it should stand on its own merit, without the excessive subsidies. Failure of FSD isn't helping.
As for Hertz, sucks to suck. Not much silver lining for the company. Sounds like they need to die and get replaced by manufacturers going direct with rentals.