29-03-2023, 11:18 AM
EV as a business = normal car business
Normal car business is a low margin manufacturing business.
Every economic recession demand for cars drop= it is cyclical business.
Toyota a major player in the car business was worth around $200B. That is with its large economy of scale, branding and established distribution.
The market is overvalued EV manufacturers by alot.
Margin is falling as everyone slash price..
China has many good investments. EV is not one of them.
Normal car business is a low margin manufacturing business.
Every economic recession demand for cars drop= it is cyclical business.
Toyota a major player in the car business was worth around $200B. That is with its large economy of scale, branding and established distribution.
The market is overvalued EV manufacturers by alot.
Margin is falling as everyone slash price..
China has many good investments. EV is not one of them.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.