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Has there ever been a collaborative model that was successful long term? Honda is going with their own BEV platform this is a stopgap buyers will end up with an orphan.
So RIVN touched all time lows today if you believe in the company now would be the time. Gary Black is pumping Rivian's tires but won't say if he is a buyer today.
If it gets people into an EV, it's all good, even if it's only stop gap. Most people want an EV that's like a normal car, once you get them in and they realize the benefits, they will be more accepting to "built from the ground up" EV's.
I really can't comment on RIVN, it may be a good long term hold. I'm seeing more and more of them on the road. The other day I saw a truck load of them. What I'm a little bummed about is completely missing the NVIDIA train. Up about $100
I knew this would happen and was told I was basically crazy when I called it years ago. MB is just the first to go back on the 2030 goal.
STUTTGART — Mercedes-Benz on Thursday toned down expectations on EV demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to flag a slower than expected appetite for electric cars.
The company, which has been preparing for all-electric sales by 2030, said it now expects electrified sales — including hybrids — to account for up to 50% of the total by that date.
CEO Ola Kaellenius cautioned towards the end of last year that even Europe would likely not be ready by 2030 for an all-electric lineup, with multiple studies showing customers were holding back for a range of reasons including a lack of charging infrastructure and appealing electric models.
Kaellenius said Mercedes-Benz wanted customers and investors to know it was well-positioned to carry on producing combustion engine cars and was ready to update the technology well into next decade.
I knew this would happen and was told I was basically crazy when I called it years ago. MB is just the first to go back on the 2030 goal.
STUTTGART — Mercedes-Benz on Thursday toned down expectations on EV demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to flag a slower than expected appetite for electric cars.
The company, which has been preparing for all-electric sales by 2030, said it now expects electrified sales — including hybrids — to account for up to 50% of the total by that date.
CEO Ola Kaellenius cautioned towards the end of last year that even Europe would likely not be ready by 2030 for an all-electric lineup, with multiple studies showing customers were holding back for a range of reasons including a lack of charging infrastructure and appealing electric models.
Kaellenius said Mercedes-Benz wanted customers and investors to know it was well-positioned to carry on producing combustion engine cars and was ready to update the technology well into next decade.
I sense some excitement All auto sales are suffering, gas and electric. The only companies that are doing well in sales are Toyota with hybrid sales and Tesla. You're only focusing on the EV part of the news
No excitement, just I knew this would happen. I've been told MB won't make any more ICEs and disagreed then.
I don't think anyone has said that. At least I've never seen anyone say that. There's no way a company that's been building gasoline and diesel engine cars for over a 100 years can just stop building gasoline cars. But they are stripping them slowly down to turbocharged four cylinder hybrids. The most popular MB here is the C-class 2.0L Turbo (C300)
Last edited by AMIRZA786; Feb 22, 2024 at 12:31 PM.
Like who? When? Legacy automakers still lose money on EV's, and when sales are declining and cars are sitting on dealership lots (both ICE and BEV), they are going to naturally cut back on BEV initiatives which are sold at a loss. The key word is cut back, not stop it. Hyundai/Kia and BMW have doubled down on EV's which means they are selling. The big problem MB has is people don't like how the EQ looks, not the fact that it's a BEV
Just a follow up to my previous post, looking at MB Q4 sales numbers for the US, their highest selling car is the GLE at 14,547 units, and their lowest seller is the AMG GT at 283 units. Almost everyone of their gasoline cars declined in sales, from -98.2 percent for the A Class, to -6.3 percent for the G-Class from the previous year. Yet their highest gain was +445.9 percent for the EQB:
So why are they cutting back on BEV's when they have the largest growth? Because they lose money, while the gasoline models are still profitable. The EQB outsells the S Class, which sold 2,308 units in Q4 while the EQB sold 5,093 units in the same quarter. Why not cut back on the S Class? Because the S Class is profitable, and the EQB in not
I think the influx of slower, more 'normal' EVs will be a net positive for adoption. Will get people interested at a lower price, help convince them that maybe they don't drive 500 miles a day as often as they think, and still enjoy the smooth acceleration that an EV offers.
Then they can buy some more performance oriented vehicles
The Model 2, or whatever they call it, is the car you speak of. This car could strike a major blow to the Corolla/Civic market. Time will tell.
Hope it works out for you. I've been keeping a mental note of stocks that dipped to a 52 week low so far all of them were good short term plays.
That's quite the conundrum. Sell more EVs lose more money, or keep pumping out gas cars and never reach enough scale for EVs to make a profit.
That is definitely a conundrum. Their biggest growth number over a year is the EQB, and the majority of losses in sales are most of their ICE lines. Yet they have to pull back on EV'S due to them losing money. Hyundai is the only company whose EV'S are profitable, other than Tesla, which is why Hyundai/Kia are doubling down
I sense some excitement All auto sales are suffering, gas and electric. The only companies that are doing well in sales are Toyota with hybrid sales and Tesla. You're only focusing on the EV part of the news
EV sales are still higher than last year, probably thanks to Tesla
I've seen a lot of clickbait over the past year about the car market crashing due to supply demand. Car lots around here are definitely starting to fill up and even overflow. Might actually happen this time.
Hope it works out for you. I've been keeping a mental note of stocks that dipped to a 52 week low so far all of them were good short term plays.
My position on RIVN is my second biggest gamble (I have 1K shares of a small biotech company but got those for under a dollar each ). If they can get the R2 right and build out enough service centers to get butts in trucks I think there's a chance they can get to a steady position in the mid $30s. They were pretty reliably in the low 20s until they issued some convertible bonds last year
All auto sales are suffering, gas and electric. The only companies that are doing well in sales are Toyota with hybrid sales and Tesla. You're only focusing on the EV part of the news
). If they can get the R2 right and build out enough service centers to get butts in trucks I think there's a chance they can get to a steady position in the mid $30s. They were pretty reliably in the low 20s until they issued some convertible bonds last year