The fossil fuel industry really got their lobby money's worth this week! The same news is reapeated and repeated all over again.
How much did Tesla earn YTD..?
And this is why Tesla is dominating the EV industry and worth 1.5 trillion. With Robotaxi incoming they will be worth 8 trillion withing 10 years.
Gotta dish out those stock awards (I am sure the board has already sold) before q4 results come out and show that they are no longer profitable
You can’t have a blanket ban on ICE when until now we have only EV for medium size end consumer vehicles. What about vans, trucks and lorries? I am all for supporting EVs but you have to be realistic as well.
Wow it's been years since I've heard of the big ole fossil fuel industry
>dominating That word might not mean what you think it means. By your definition, my KC Chiefs are "dominating" the NFL this year. Market share: 2020: 23% 2025: 12% Total Deliveries: 2023: 1.8 million 2025: Will be 1.6 million
Yeah, get used to it. They will not give up their shady business model without a fight. Huge media offensive this week.
My new porn star name is going to be Big Earl.
All of these vehicles exist already, infrastructure for these vehicles exist as well, and are constantly being expanded upon.
BEVs are showing that they are useful for last mile applications, although long-haul is still out of reach with current technology.
You think its about fuel industry? think again. NOBODY can compete with chinese EV models. NOBODY. a xiaomi SU7 ultra has 1600hp and has a price sticker of 80.000 usd in china. Now, you walk into a dealership. On one hand you got a porche taycan, with a base price sticker of 110.000 euro and on top of that, you can spend another 20-30k on extras easily. All that for just 400 hp. Then you turn your head and you see a car that has 1600hp, costs 80.000 usd, has 18 speakers on the base model, which then you go check and you find out that there is not a single thing you can add to it because it is already PACKED with extras. Carbon ceramics breaks? Included. Meanwhile at porche you need like 15k just for carbon breaks. 15.000 DOLLARS. You can double that and buy the base model SU7 just so you dont put many miles on your SU7 ultra while you go grocery shopping. Europe is fucked and now we are just witnessing panic.
LOL. The cars are at best a 2M/yr business since Elon's business model isn't going to scale any further than that. He had the choice to go for it in 2023-24, but backed away. $8T market cap at a 15 P/E is $500B/yr in earnings, 10X from a decent outcome for robotaxi @ 5M units in operation with a $50B/yr net income (supporting todays $1.5T market cap at a 30 P/E). Note Uber's 6M fleet is earning $50B on the topline. $8T market cap would be a world flooded with Teslas. Good luck with that.
Huh? All this is available right now
All of that exists on road today in the EU. Vans have a rather high share of new being EVs, trucks and semis are getting more and more common as EVs and there are multiple truck charging spots in a 100 km radius around me.
I believe that Ford's retreat from the electric vehicle (EV) space is short-sighted and will come back to haunt them. This decision lacks comprehensive long-term planning to counter and compete with other EV makers, especially as Chinese-based automakers begin to enter the North American market. If this happens, it could severely impact Ford's remaining market share. Overall, this is a terrible move for the company. As for Tesla, it defies logic and reasoning that Tesla is valued way more than Toyota!
They do long haul just fine in Europe. The trucks get charged during mandatory rest periods.
There are still pretty big problems with unclear laws on heavy loads. I would say BEV in the EU is at less than 5% on freight (as a logistics company owner). It’s drastically higher for last mile delivery.
It's not only Europe. The US car industry has retreated to an island which will increasingly look like Cuba.
Bullshit.
The Independent Chair made over USD 500 million. That is not Independent. .
Hyundai/Kia are about to clean up in N America
Nobody would smash Elmo if he was dying
It's not shortsighted at all. The electric truck market is just for novelties because they all are terrible at doing truck stuff. They need more hybrids because the Maverick is killing it right now. I'm starting to see fleet vehicles for cities everywhere be replaced with them. Ford accidentally stumbled into a massive success with it.
Ok, ChatGPT To reply to your now-deleted comment: > ..from the electric vehicle (EV) space... You're not fooling anyone. Absolutely nobody with half a neuron would feel the need to write (EV) after literally typing out "electric vehicle". It is completely unnecessary, and also a hallmark signature of AI text
BYD loses massive amounts of money on the SU7, which they offset with their hybrid and low-cost models sold in China. It's an unsustainable model, but the dumping of underpriced cars is to bankrupt or cause the EU automakers pull out of the EV market.
> What about vans, trucks and lorries? Those all exist, while 2035 is still 10 years away. So please, let's both be realistic. Some domestic manufacturers just dropped the ball on EVs and now cry for help.
Dude, su7 is made by xiaomi
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