Hello again! Note, Aug19 Model 3 sales are down 4,650 ... or 26% (not 20%). There are still a number of manufacturers that haven’t reported their figures, so graph can’t be updated for a while. 6 of 7 highest selling models are in - and yes, a slightly better story (sales up 0.5% of Jul19) ... but will still be well down on Aug18.
All eyes on China now - if they also continue their Jul19 slump, the gloom re Li volumes/prices could get worse.
Flat or single digit growth in EVs is a disaster for SP6/LiOH/LiCO3 as the industry was investing on the basis of massive growth projections (and 2H CY18 figures were supporting that view).
Not sure exactly caused the blip in US sales in Jun19 vs Jun18. China had a blip too (but that appeared to be demand pull forward due to subsidy changes). Anyone have ideas?
Re KB’s market commentary - I not a fan. He oversimplified the message with the “converter bottleneck” argument when clearly there was poor demand for the product the converter were already making. GXY’s CEO has been a lot more credible and straightforward with his shareholders re demand.
Hello again! Note, Aug19 Model 3 sales are down 4,650 ... or 26%...
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