|
There are still some bright spots. Overall US vehicle sales were down a couple percentage points for the year, so the EV downturn has to be seen in the context of that. Tesla had easily its best quarter ever, despite the tax credit at a quarter of its original value. Of course, the real test will be Q1 2020 when we'll find out if there were a lot of people wanting to get a Model 3 before the credit expired completely. But with the Model Y and Cybertruck on the horizon, that Tesla was still able to sell as many cars as they did (while a bunch of people presumably wait for those) is good news.
The problem with everyone else is, their products aren't nearly as compelling as they should be comparatively IMO.
|