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Tesla's sales in China are shrinking, but for ordinary car sales reasons - the competition has cheaper cars.[1] The disaster in US automotive is that the manuf
by Animats 2y ago
Tesla's sales in China are shrinking, but for ordinary car sales reasons - the competition has cheaper cars.[1]
The disaster in US automotive is that the manufacturers thought they could increase prices, and discovered that, instead, unsold cars are piling up. Tesla's oversupply can be seen from space.[2] Stellantis overdid price increases so much that the CEO was canned.
The US currently has 3 million unsold new cars.[3] One wonders how many will still start.
[1] https://www.wsj.com/business/autos/teslas-china-sales-fall-as-competition-heats-up-b940f08b https://www.wsj.com/business/autos/teslas-china-sales-fall-a...
[2] https://jalopnik.com/so-many-unsold-teslas-are-piling-up-that-you-can-see-th-1851526312 https://jalopnik.com/so-many-unsold-teslas-are-piling-up-tha...
[3] https://www.bing.com/videos/riverview/relatedvideo https://www.bing.com/videos/riverview/relatedvideo
- iknowstuff 2y agoJalopnik has been peddling stories about tesla’s imminent demise due to parking lots full of unsold teslas every year since before the model 3 release lol