The other thing is Tesla still is not making money at selling cars. All their profit is from selling the Carbon tax credits.
DavHamm now throws out basic accounting terminology. UGH.
You’re just making stuff up. They have revenue from car sales. They have revenue from credit sales. The revenue from credit sales is about 2.5% of their gross revenue.
The credit sales are significant, but you’re vastly overstating the effect on their profits/margin.
I don’t know which faction is more in la-la land. Tesla fanbois or Tesla FUDsters. It’s close.
If you’re a GM employee, maybe work on actually releasing a Lyriq (in 2023, really?!) that’s not already behind the currently released Model S in every important spec).
GM ‘won’t overproduce’ EVs in Spring Hill as demand weakens
General Motors Co. will lay off hundreds of workers in Spring Hill as it cuts production of electric vehicles, according to multiple media reports.
The Detroit Free-Press and Reuters obtained an internal memo from the automaker (NYSE: GM) which discloses the temporary layoffs of roughly 700 shift workers.
GM is halting EV production for one week each in October and November, as well as all of December, the news outlets report according to their sources. Additionally, Reuters reports that “GM also plans to significantly curtail production of those vehicles during the first five months of next year.”
The landscape has shifted dramatically under the Trump administration, which both is pressing companies to make more in America and crafted the “One Big Beautiful Bill” that axed the government’s support for EVs, including by ending a $7,500 tax credit for new vehicles.
“The question, of course, is what’s next? There’s no doubt we’ll see lower EV sales next quarter after tax credits end Sept. 30, and it may take several months for the market to normalize,” wrote Duncan Aldred, president of GM’s North America footprint, in a commentary on GM’s website.
“We will almost certainly see a smaller EV market for a while,” Aldred said, “and we won’t overproduce.”
…plan to relocate production of the gasoline-fueled Chevrolet Blazer from Mexico to Spring Hill in 2027.
US EVs are in a healthy pull back compared to the bubble that is about to burst in China. But like the Dot-Com bubble, the innovations occurring the the Chinese EV bubble aren’t going to go away and will change the whole dynamic moving forward.
I would say that other Asian and European manufacturers are in an interesting position of trying to ride out the Chinese bubble and the US pullback while positioning themselves to benefit from the technical revolution.
Like I said, it is very much dot-com bubble time in the Chinese EV market. Lots of crazy innovation. Some of it will die quickly, but much of it will reshape the industry. The CEO of Rivan said in an interview that he isn’t worried about how cheap their cars are, but he is very concerned about how much better they are. Sure they are 1/3 of the cost, but they also just flat out perform non-chinese rivals and have better build quality.
When they. came for the Mexicans I didn’t say anything because I wasn’t Mexican. When they came for the Koreans I didn’t say anything because I wasn’t Korean
Who’s next? My guess is homosexuals and transvestites. This is a fucked up place we are living in.
The EV mandate to produce at least 20 percent evs by the end of next year is dead. Canadian PM just cancelled it. If we ever let Chinese EVs into Canada and the US it looks like they will out compete everything.
My local Toyota dealer has almost nothing new on the lot. If you want a car you have to order it and they are expensive. We need to find a way of making cheaper cars. Or maybe more public transit.
EV incentives will be gone at the end of the month. I think Trump actually believes what he says about clean energy. It’s not just that he’s in the pocket of the oil companies. He likes the idea that we are all killing ourselves burning oil. Very quickly, we in taking ourselves back to the Stone Age.
Anyway, I test drove a Rivian pickup this week. While it’s fine. I wasn’t really impressed with it. It had too soft of a ride and too hard seats. Compared to my Blazer EV, it had some things that seem amateurish and some that are just dumb. I really like the GM operating system. I’ll be testing the Silverado EV next week. It’s bigger than I want, but I know I’ll like the operating system and it’s got range like nothing else. One tester got 540 miles from 100 to 1 percent.
Federal police action in states is effed up. Congress needs to curtail that shit, not to mention make them take off the damn ski masks and display some id.
Immigration enforcement is and has always been a federal government role. State and local law enforcement do not have the authority. ICE raids are very different than calling in the National Guard.
I got a new Tundra two weeks ago. I went two weeks on a full tank of gas. I tanked up with 700 kms travelled and the computer said I had 100 km left. I calculated 11L per 100 KM which is good for a full sized truck. I drive like an old man though. It is a gas truck if Toyota had a EV I would have bought that
The Silverado EV is way too big for what I want but I think it’s the best of the EV pickups and we’re not going to see anything else like it for a long time to come. I saw that Smithtown Chevy on Long Island has a few of them and they have a couple of Equinoxes in Habenaro Orange. I want to see that color. I can’t order it sight unseen, it could be just too much.
If not that, I’ll get the bright blue. The truck looks great in plain grey, but I’m not a plain grey guy.
