In this video I discuss what people are saying about EV and demand.
Since there are EVs stacking up on car lots, many, including analysts, believe that demand is dying. This is not the case for all as we will see.
▶️ 3Speak
Is EV Demand Really Collapsing?
7 months ago in LeoFinance by taskmaster4450le (80)
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Ev growth is increasing each year.
Summary:
In this video, the speaker discusses the misconceptions surrounding Tesla and the electric vehicle (EV) market. He addresses the issue of EV demand, the perceived lack of interest in EVs, and the impact on traditional automotive manufacturers. The speaker emphasizes the significance of Tesla's position in the market and the ongoing disruption within the automotive industry. He compares this disruption to past industry transformations, particularly highlighting the unique challenges and opportunities presented by EVs and autonomous vehicles.
Detailed Article:
The speaker begins by addressing the misleading narratives surrounding Tesla and the EV market, particularly focusing on the collapse in EV demand. He counters this notion by pointing out that while the growth rate of EVs may be slowing, the overall percentage of EVs in the market is still increasing. The speaker highlights the misconception of low EV demand by debunking claims about EVs not selling, noting that companies like Tesla and BYD are still successful in the EV market.
He then moves on to discuss how Legacy Auto companies, such as Ford and General Motors, are facing challenges in the EV space and making cutbacks. The speaker acknowledges the financial prudence of Legacy Auto CEOs in light of economic uncertainties but emphasizes that Tesla is still moving forward with its projects, such as the Cybertruck and the Mexico plant relocation to Austin. He refutes the idea that all companies are facing the same obstacles in the EV market.
The speaker critiques the quality and pricing of EVs available in the market, likening the situation to a buffet with few quality options amidst a sea of subpar offerings. He specifically mentions the F-150 Lightning as a reasonably good EV but notes the price disparity compared to ICE models. The speaker advocates for observing Tesla as a historic disruptor in the automotive industry, highlighting the unparalleled scale of this transformation compared to past industry shifts.
Drawing parallels to the Japanese invasion in the auto industry in the late 70s and early 80s, the speaker emphasizes that the current disruption is far more significant and transformative. He underscores the imminent shift towards EVs, direct-to-consumer sales, and autonomous vehicles as key disruptive forces reshaping the industry. The speaker challenges the perception that traditional automakers will continue their legacy, stressing the need to adapt to the new era of electric and autonomous vehicles.
In conclusion, the speaker expresses optimism about Tesla's future sales performance and questions the narrative of dwindling EV demand outside of Tesla's offerings. He urges viewers to pay attention to Tesla's trajectory and the broader changes unfolding in the automotive landscape. Ultimately, the video serves as a thought-provoking analysis of the EV market, Tesla's position within it, and the transformative disruptions reshaping the automotive industry.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.