EV competitors are facing challenges and struggles, with concerns about production issues, workforce cuts, and weak demand, while Tesla is expected to regain the top spot in electric vehicle production
Questions to inspire discussion
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What challenges are EV competitors facing?
—EV competitors are facing challenges such as production issues, workforce cuts, and weak demand.
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How is Ford's F150 Lightning and Mustang doing in the EV market?
—Ford's F150 Lightning and Mustang are facing tough competition and there is a need for improvement in the charging infrastructure.
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What concerns are there about EV production outpacing the Lightning?
—EV production is already outpacing the Lightning, causing concern for Ford.
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Which companies are doing well in China's EV market?
—Companies like Tesla, Neo, Le Auto, Xiao Pang, and BYD are doing well in China's EV market.
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How is the product mix for EVs shifting?
—The product mix for EVs is shifting to Pure EVs, with Tesla experiencing 40% lower than expected sales.
Key Insights
- 📉 Fisker's $69,000 EV is only worth $21,000 after two months, indicating a major struggle in the EV market.
- 📉 Ford F-150 Lightning plant cuts workforce amid weak demand, despite tremendous initial demand.
- 🚗 "The Ford F150 Lightning and the Mustang are okay cars, but they're up against a category killer."
- 🔋 "Ford is working on building a new a whole new dedicated Drive you know a whole new platform just for the electric vehicle thank goodness."
- 🏆 Tesla has regained the crown with their electric vehicle production, likely to be all the headlines we see.
#Tesla #EVMarket
X Mentions: @FutureAza @RandyWKirk1
Clips
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00:00 🚗 EV competitors are struggling, with Fisker's value dropping significantly, and the chances of success for EV companies are low according to Elon Musk.
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01:48 🚗 CarMax offered $21,000 for a two-month-old Fisar Ocean with 4,000 miles, which is more than Tesla's trade-in offer, despite the typical 20% depreciation in the first year of ownership.
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03:12 🚗 Ford's electric vehicle, the F-150 Lightning, is facing production issues and workforce cuts due to high demand and low production.
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04:55 🔋 Ford's EVs face tough competition and charging infrastructure needs improvement, while the cybertruck is a showstopper with potential safety concerns.
- Ford's F150 Lightning and Mustang are decent EVs, but they are facing tough competition from a category killer, and there is a need for improvement in the charging infrastructure.
- The cybertruck is a showstopper, with MKBHD Marquez Brownley making a video about living with it and highlighting the danger of everyone else on the road trying to get pictures of it.
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07:04 🔋 EV production outpacing Lightning, concern for Ford; China EV sales strong but concerns about layoffs and weak demand for high-end minivans.
- EV production is already outpacing the Lightning, causing concern for Ford.
- China EV sales for companies like Tesla, Neo, and Le Auto are doing well, but there are concerns about layoffs and weak demand for high-end minivans.
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09:08 🔋 BYD surpasses Tesla in sales in China, with a shift to Pure EVs and Tesla experiencing 40% lower than expected sales.
- Xiao Pang and BYD are doing well, with BYD surpassing Tesla in sales, particularly in China, and reporting 600,000 sales for the quarter.
- The product mix for EVs is shifting to Pure EVs, with Tesla experiencing 40% lower than expected sales.
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11:10 📉 EV sales are expected to increase by 20-50%, with Tesla regaining the top spot in electric vehicle production.
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12:38 🚗 F4 can help you save time, support the channel, and check out Randy Kirk's channel for great insights and guests.
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Duration: 0:13:23
Publication Date: 2024-04-05T07:35:50Z
WatchUrl: https://www.youtube.com/watch?v=ZzX7X85V034
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