Elon Musk acted like a jerk, and Tesla stock paid the price
- Thread starter petros
- Start date
I see the electric vehicle market is in free fall since the subsidies were removed , in the first six months of 2019 less then half the amount of ev’s were purchased in Ontario than the first 6 months of 2018 . I am also happy not owning Tesla stock .
We still have subsidies in B.C. but they have been reduced , time will tell if that affects the market .I am always impressed when my tax dollar goes to subsidize another’s virtue signalling . I know at least 5 people who drive 4x4 pick-ups and have Tesla’s as a second vehicle . None would have bought the Tesla without the offered subsidy . All could afford the sticker price without the free money .
The cost of the vehicle is prohibitive based on the many limitations the sector represents.
No real mass exposure to charging stations, the ever rising cost of electricity, extremely poor performance in cold environments and the massive loss of range when things like heaters or AC are being used by the driver.
... Hell, we haven't even touched on the extremely toxic nature of the spent batteries on the general environment.
Not even a lift . What a rube , I said I know . Not know of , people I personally know real live people . Of course when you never leave the comfort of your computer it is easy to lose contact with real life . Right Hoid ?
I hate to agree with Hoid that the future "might" mean electric vehicles or other form of power for personal vehicles
Where I disagree with the greenies is the means of achieving the change...
Enough with the carbon tax, and the global warming bullshite...
Like I've said many times before......I'm all for clean environment and clean air to breathe
What I say is.... let the market decide....Innovation and competition will decide what sells and what doesn't
Competition and mass production will also bring down the prices
Manufacturers know that a product has to be affordable in order to sell it!
Where I disagree with the greenies is the means of achieving the change...
Enough with the carbon tax, and the global warming bullshite...
Like I've said many times before......I'm all for clean environment and clean air to breathe
What I say is.... let the market decide....Innovation and competition will decide what sells and what doesn't
Competition and mass production will also bring down the prices
Manufacturers know that a product has to be affordable in order to sell it!
EV and especially battery tech, will need to advance far more before the public at large can support them.
As it stands, the market (read: public) are not enticed enough to make the switch and thus have any real impact in terms of support.. Take hoid for example, he/she sermonizes about how great they are and how we NEED this, yet, he\she can not personally justify the expenditure.
You find an alien planet that has all that because it sure as heel can't be found on this planet.
Innovation and competition= monopoly
Competition and mass production= early end of life means the same items get produced forever rather than building quality pieces so all people can enjoy the things that comes with electricity.
Manufacturers know that a product has to be affordable in order to sell it= The cost is made as high as possible do the rich can but without it being a hardship and anybody else means there is a 20 year loan @ interest.
mo·nop·o·ly
/məˈnäpəlē/
noun
noun: monopoly; plural noun: monopolies; noun: Monopoly
- 1.
the exclusive possession or control of the supply of or trade in a commodity or service.
"his likely motive was to protect his regional monopoly on furs"- a company or group having exclusive control over a commodity or service.
"areas where cable companies operate as monopolies" - a commodity or service in the exclusive control of a company or group.
"electricity, gas, and water were considered to be natural monopolies" - the exclusive possession, control, or exercise of something.
"men don't have a monopoly on unrequited love"
- a company or group having exclusive control over a commodity or service.
- 2.
trademark
a board game in which players engage in simulated property and financial dealings using imitation money. It was invented in the US and the name was coined by Charles Darrow c. 1935.
Lifespan of consumer electronics is getting shorter, study finds
Investigation of built-in obsolescence for German environment agency finds percentage of products sold to replace defective ones has increased remarkably, reports ENDS Europe
https://keydifferences.com/difference-between-wholesale-and-retail.html
Difference Between Wholesale and Retail
The word wholesale simply means selling in bulk quantities and retail stands for selling merchandise in small quantities. Wholesale and retail are two distribution arrangement that constitutes a major part of the supply chain. When the goods are manufactured, they are sold in large quantities (wholesale) to the wholesalers who further sells them to the retailers who finally sells them to the ultimate customers.While a wholesaler sells goods to the businesses, as they purchase goods to sell it further. On the other hand, a retailer targets final consumer and sells goods to them.
In this way, these two business forms are one of the important intermediaries of the marketing channel. In the absence of these two links, the whole chain will get disturbed. Today, we are going to describe the significant differences between wholesale and retail. Have a look at it.
Content: Wholesale Vs Retail
Comparison Chart
Basis for ComparisonWholesaleRetail
MeaningWholesale is a business in which goods are sold in large quantities to the retailers, industries and other businesses.When the goods are sold to the final consumer in small lots, then this type of business is termed as retail.
Creates link betweenManufacturer and RetailerWholesaler and Customer
PriceLower Comparatively higher
Competition LessVery high
Volume of transactionLarge Small
Capital Requirement Huge Little
Deals in Limited products Different products
Area of operation Extended to various cities Limited to a specific area
Art of selling Not Required Required
Need for advertisement No Yes
Definition of Wholesale
Wholesale refers to the selling of goods to the customers like retailers, industries, and others in bulk, at a low price. It is a type of business in which goods are being purchased from the producers by the wholesaler in big lots, and then the bulk is split into comparatively smaller lots. Finally, they are repacked and resold to the other parties.
Wholesalers do not pay much attention to the location of the shop and its appearance, and display of goods because they sell only a specific type of items, and their customers are generally retailers or other businesses who purchase the goods for the purpose of resale. These things do not matter to them at all.
In wholesale business, the wholesaler gives more emphasis on the quantity of goods, not on the quality. For starting a wholesale business, there is a huge capital requirement as the business size is large. It does not require any publicity or advertisement.
However, the customers of a wholesale business are spread in various cities, towns or even in different states. Most goods are sold on credit to the customers of the wholesale business. The price of purchased on wholesale is lower as it consists of less profit margin.
Definition of Retail
Retail means selling goods in small lots. When the goods are sold to the final customer, for consumption and not for the purpose of resale, in small quantities, then this business type is known as Retail. Retailers are the middleman between wholesalers and customers. They purchase goods from wholesalers in bulk and sells it to the ultimate consumer in small lots.
The prices of goods purchased in retail are relatively high. The first and foremost reason behind this is the advertisement cost, and the profit margin is high. Moreover, they include other expenses in the price of goods on a proportionate basis, like the rent of premises, salary to the workers, electricity expenses, etc.
Due to extreme competition, it is quite difficult to retain customers for a long time, so the retailer should know the techniques of handling different kinds of customers. In this way, shop location, the appearance of the shop, goods displayed, quality of products and service provided is given much importance because it leaves an impact on the customer’s mind. Moreover, the goodwill of the retailer depends on these parameters. By virtue of this, the retail business person always goes with the quality products. They reject the defective or inferior quality products and pick the best one.
Key Differences Between Wholesale and Retail
The points given below elaborates the fundamental differences between wholesale and retail trade:
- Wholesale means the sale of goods in voluminous quantity, at a low price. The business of selling goods to end consumers in small lots at a profit is known as Retail.
- Wholesale creates a link between the manufacturer and retailer whereas Retail creates a link between wholesaler and customer.
- There are wide differences between wholesale and retail price of a particular commodity, i.e. the wholesale price is always less than the retail one.
- In wholesale business, there is no requirement of an art of selling the goods which are a must in case of retail business.
- The size of a wholesale business is larger than a retail business.
- In the retail business, the retail shopkeeper can choose the goods freely which is not possible in wholesale business because the goods are to be purchased in bulk.
- In wholesale business, the capital requirement is higher than in retail business.
- The location is of utmost important in retail, but in wholesale, the location does not matter at all.
- While selling the goods in retail the appearance of the shop and the display of items should be good to attract more and more customers. However, in wholesale, there is no such kind of need.
- There is no requirement of advertising in wholesale but retail business requires advertising to grab the attention of customers.
Whenever a product is produced, it does not come to us directly. There are so many hands, through which a product passes, and finally, we get it from the retail shopkeeper. In wholesale, mild competition can be seen, but in retail, there is a cut-throat competition, so it is very tough to retain and regain customers.
yes the EV has just demolished every car company on Earth, That's all.
40,000 layoffs in North America because nobody wants to try to make a gasser car anymore?
It's an old post but the downward spiral continues.
Elon is probably pretty drunk right now. It's been a rough day.
Tesla shares plunge after Elon Musk changes his tune on profits
BY REUTERS
ORIGINALLY PUBLISHED: JUL 25, 2019
Shares of Tesla Inc sank 10 per cent on Thursday, on course to knock more than US$5 billion off the electric carmaker’s market value, a day after it disappointed Wall Street by softening its language on turning a profit this year.
Only two Wall Street brokerage reduced their existing share price target for the firm but a batch of downbeat research notes from analysts focused on concern over shrinking margins for the Elon Musk-led firm, as it strives to find a path to sustainable profitability.
KABOOM!
Did you miss the part where the ones pulling the strings also brought down SNC before Canada even knew they were more crooked than the IMF entity they served.