It's Hard to Dispose or Get Rid of Swasticars Now
'Memecars' only sell as long as people have a 'belief' in them
Tesla is across the road from us (showroom and more), but Tesla's alleged or fake "worth" fell more than 40% in just 3 months (it was at 480 dollars on my birthday and was down to about 220 dollars this week, so the downward range is of the order of ~60%) and there's growing panic over the diminishing value of the brand, which is pretty much what the company boils down to: (other companies can make cheaper and more reliable electric vehicles (EVs))
We didn't write much about EVs because I don't own one, never owned one, and I am no expert at EVs though many "modern" cars have the same issues (I drove cars both manual and automatic, but always gasoline-powered).
EVs, based on my understanding, can only reduce the pollution locally, i.e. near roads. With many EVs out there it's possible for roads - or homes near roads as well - to have less smoke/smog, but the electricity consumed by EVs must be generated elsewhere, somehow. A lot of energy-producing facilities produce air pollution and/or hazardous waste (notably nuclear waste, but not limited to that), which is why EVs have long been regarded (by many sceptics, not cranks) to be hype or a "yuppie" solution in search of a problem... or simple a new problem (more new cars mean more manufacturing and EVs aren't expected to last or remain on the roads for 30+ years due to their complexity, lack of spare parts, volatile manufacturers, and so on). From reading various news articles I get the impression that EVs tend to be poorly tested (aside from a lack of safety features/analogue fallbacks), prone to bugs, and faster to suffer wear and tear (being more expensive to maintain gives an incentive to just buy more cars more often, not repair/upcycle existing ones).
Then there's the aspect of patents and "right to repair".
Maybe EVs are still suitable for people looking to show off to colleagues in the office, but those tend to be "liberals" (on "the left") projecting their love of the environment or something "green". It used to be perceived as "moral" or "ethical", but that's changing fast. People who give nazi salutes do not appeal to that crowd. So what is the target market now? Who does the company woo or attempt to impress?
Were EVs mostly a "bubble" all along? Like "metaverse" (or Second Life) and "IoT", the enthusiasm seems to be waning and yesterday's report from the mainstream press adds some numerical evidence:
EVs can exist and thrive without Tesla. Society can also function with far fewer vehicles (in general). It's estimated that "it costs around £3,500 a year to run a car in the UK." On top of that, it releases a lot of gases, which cannot be easily annulled or captured (that's a hidden cost). EVs just offload the pollution to someplace else.
If you wish to make MElon richer, then order your Tesla today. Today, yes! Before the company goes under.
Banks (and pension funds) offload their shares, which have long been this company's lifeline (it mostly lost a lot of money, so it needed someone else to subsidise operations and take the risk). It's a lot like Adidas sinking about a billion dollars into Kanye West, only to associate the German company with a literal Hitler worshipper. And now it's the same with MElon and Tesla, SpaceX etc. █
