Well mainly because they said revenue would be lower than analysts expected. They've also scaled back their EV ambitions, from 40% by 2030 to only 20%...
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- Thread starter mcast123
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They aren't the first. Clearly EVs don't make money.
Don't care really, I'm not (knowingly) invested in them.
Me neither, I just saw the big red cliff.
Soldato
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EVs are still a tad early, give it another 10 years and were solar is more wide spread and free to run the EVs and they will be more attractive. especially if their prices come down and we have better battery tech.
The money will be in the companies behind the tech though, where it's applied to other things. Not the car makers.
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You do draw some daft conclusions.
Why else would manufacturers be cutting back so massively? The market has decided.
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Can you explain why petrol only cars in the uk, have declined month per month against the previous year, for the last 17 months?
The market clearly thinks the opposite.
Yes but his anti EV bias instantly gets called out in there so he's trying in here instead.
Soldato
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talk/speculation of Rocket Labs Launching Electron in 2025 December from what i read as well.
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Rigetti and EONR
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It’s more that they can’t compete with Chinese EVs. That’s a more general statement for European made cars vs Chinese made ones rather than Ferrari specifically.
Soldato
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as i understand it from an article i read see below, china is mass producing to meet targets not demand so over producing and cant sell them
China is sending its world-beating auto industry into a tailspin
Government policies that prioritize production targets over market demand have led to overinvestment by carmakers. The resulting glut of vehicles has created lose-lose transactions throughout the sales chain, and spawned a variety of irregular practices.
www.reuters.com