Has The Car Market Ruined Itself?
2 min read
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Most companies have actually not been having an excellent year so much, however none are feeling the pain quite as much as automobile manufacturers.
Obviously Tesla has actually been getting a lot of the focus as its stock price has plummeted by more than 50% considering that its top late in 2014.
Sales throughout the world have actually dropped as the brand name has ended up being an unintentional political statement … a political statement that doesn’t actually “vibe” with the sort of people that get electric cars and trucks.
The fact is most other car firms are delighted to let Tesla soak up the headings, since under the proverbial hood they have a whole lot of issues of their very own.
Major brand insolvencies are now essentially inevitable, “will certainly they-won’ t they” profession battles are crippling supply chains, new manufacturers from China are damaging worldwide markets and worst of all … individuals just merely can’t manage to acquire automobiles today.
And in feedback to this basic monetary reality, vehicle makers have actually responded … by making their autos much more costly than ever before …
