'Modern' Cars Not a Rosy Industry
"As The Street reports, he’s expecting the company’s shares to fall from today’s price of around $365 to just $131 over the next year, an enormous wipeout of over 60 percent — and that’s without getting into the its starry high of $480 or so just last year." -Futurism
The price of a good new car is already astronomical and with the price of petrol (gas) going up it'll become an unappealing proposition. EVs also need energy ("electric") and all energy is getting expensive. No wonder cars sales have fallen and the German economy has gloomy predictions, in part due to its automobile industry struggling.
What about "American" cars?
Two months ago we shared this data on Tesla's debt:
Those EVs have since then been dubbed "swasticars" for good reasons and sales have fallen.
Last month Reuters reported that Tesla sales declined in 2025/2026, with European sales falling nearly 50% from 2024 levels (37% drop in the UK, higher than 50% in many countries).
Mass layoffs are already underway, but the company tried to deny it and MElon is (as usual) lying to or "misleading" shareholders:
Who will be left to maintain Tesla "swasticars" or produce spare parts for them? How long will a "swasticar" last? The current "modern" cars already have a shelf life similar to that of many toothpastes. █
Disclosure: My licence to drive is valid and in date, but I no longer drive because it's a hassle in a lot of way, set aside expenses/costs. Many people that I talk to miss the cars we had in the 1990s; some could last 30 years or more (on the road).