Tesla just cut prices a whole bunch in China to get sales that are still below covid. 11k a month are 132k a year. The VW Lavida, by itself, sold more than 500k units in 2019 in China.
Tesla sales tend to spike when a model hits the market for the first time due to pre-sale reservations, and then stay up another few months as people who are interested but don’t want to reserve buy. Then they fall hard.
Seems like we’re at the Full Retard stage of the rally now. Multiple bankrupt companies saw their stock more than double today, such as Hertz, JC Penney and Chesapeake. Nikola, which is a pretend electric car company that IPO’d via a reverse merger and has never sold a single vehicle, now has a market capitalization higher than Tata, Renault, Nissan, and Subaru.
