Resale value?
Although we lag other countries, people are just starting to wake up to this.
All recent article from Australian publishers.
https://www.drive.com.au/caradvice/used-electric-car-prices-fall-after-two-years-data-finds/
https://premium.goauto.com.au/ev-retained-value-losses-confirmed/
And, heaven forbid, if we dare venture overseas...
"bad news" is in this article's title, so absolutely relevant for this thread?
https://finance.yahoo.com/news/polestar-ceo-identified-major-flaw-115308841.html
Rental car and leasing companies are rejecting EVs because of the terrible resale value, which is completely at odds with how their businesses operate over a 3-4 year cycles.
And what about Hertz?
https://edition.cnn.com/2024/03/18/business/hertz-ceo-departure-ev/index.html
And so on.
Bad news for EVs = bad news for lithium stocks.
Just as well we have a Good News and Bad News thread to post in
Quod Erat Demonstrandum
Resale value?Although we lag other countries, people are just...
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Last
$2.98 |
Change
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Mkt cap ! $8.974B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.11 | $2.97 | $82.16M | 27.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 65571 | $2.97 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 7500 | 1 |
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