His conclusion: This is indeed a glorified golf cart designed to keep you at home and under the thumb of the manufacturer. And this is just a test. The repairs are worse. Keep in mind that this is the best the industry has to offer. The other manufacturers of these things make products not nearly as high-rated, which is why so many of them are sitting on lots unsold and why orders for the machines are plummeting.
It seems like the EV craze has peaked already. Growth in gas cars is now far higher than electrics, flipping a trend from 12 months ago. Finally, consumers are figuring it out. This is a good second car, provided you’re driving in your own town, you have a hook-up at home and can charge it overnight, and you don’t suddenly have to go out of town. It’s a toy, sometimes a fun one, but not a real car. For that, you need gas.
The idea that this car is going to transition the United States to “clean energy” is absurd. If every car were electric, the grid would crash and rationing would be the norm. And maybe that’s the whole point. You drive only with permission. Nothing about your transportation is within your control. Authorities will decide everything for you. It’s a perfect strategy for creating a society of dependents.
Fortunately, consumers aren’t playing along. We still live with the remnants of a capitalist system whereby manufacturers have to make profits. So that’s a serious problem for the whole industry. It could very well collapse in 2024.
Sure, Tesla will still be around making luxury cars and trucks for well-to-do urbanites, and bless them for it. But it’s not for everyone. It isn’t even for anyone who has a long way to go. Even now, the only substantial pockets of broad ownership (above 20 percent) are California and D.C. The heartland knows better and so do people in very cold latitudes.
As long as we’re on the topic of fails, consider fake meat. Remember how it was going to replace real meat? Well, take a look at the grocery stores today. This is another product that has peaked. The stock for Beyond Meat was $196 in 2019. It has fallen and fallen. Today it’s a bargain at $8.72, with no one being particularly interested. It looks like this one isn’t long for this world either, which makes you wonder why muckety-mucks are still pushing this nonsense on us. Consumers aren’t having it anymore.
The same goes for COVID-19 vaccines, for which your tax dollars paid. The companies have stock sales and patents and a seeming public demand. Except for one thing: They don’t work. They’re also highly dangerous. This is an incredible disaster for both Moderna and Pfizer. The Pfizer stock is down to $28 from $59 in two years. Moderna has fallen to $100 from $384 in the same timeframe. They’re both sitting on massive stockpiles of these vaccines, with almost no remaining public demand for their endless boosters. They also face lawsuits with claims that the companies wildly exaggerated the benefit. In any case, they were never necessary for the vast majority of people and certainly not for children.
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