Electric Car Sales Fall for First Time After China Cuts Subsidy

Re-Blogged From Bloomberg

  • Sales drop 14% in July to about 128,000 vehicles: Bernstein
  • Slowdown highlights the effect of government subsidies
Customers look at a Tesla Motors Inc. Model S electric vehicle at the company's showroom in Hong Kong.
Customers look at a Tesla Motors Inc. Model S electric vehicle at the company’s showroom in Hong Kong.Photographer: Billy H.C. Kwok/Bloomberg

Global electric-car sales fell for the first time on record in July after China scaled back purchase subsidies, highlighting the role government assistance is having on the burgeoning market.

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Tesla Factory Store Uses Diesel Generators to Recharge Slow-moving Model 3 Inventory

By – Re-Blogged From TTAC

Let’s say you manage one of the soon-to-be-closed Tesla factory-owned stores and, for whatever reason, you have dozens of brand new Model 3 EVs sitting unsold on your lot. What are you going to do if one of them has a discharged battery? As car dealers learned a long time ago in the gasoline era, batteries won’t keep a charge forever and cars sitting for a long time sometimes need a boost to their batteries.

That’s true whether it’s a conventional 12 volt lead-acid battery for an ICE-powered vehicle’s electrical system or it’s the lithium-ion battery pack that powers a EV. That’s why car dealerships for conventional vehicles have battery tenders, heavy duty chargers that can be wheeled around the lot to whichever car might have a dead starter battery.

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Tesla May Not Make It Past Q1

By Ener Tuition -Re-Blogged From Seeking Alpha

“In Q3 last year, we were able to make a 4% profit. While small by most standards, I would still consider this our first meaningful profit in the 15 years since we created Tesla. However, that was in part the result of preferentially selling higher priced Model 3 variants in North America. In Q4, preliminary, unaudited results indicate that we again made a GAAP profit, but less than Q3. This quarter, as with Q3, shipment of higher priced Model 3 variants (this time to Europe and Asia) will hopefully allow us, with great difficulty, effort and some luck, to target a tiny profit.”

“However, starting around May, we will need to deliver at least the mid-range Model 3 variant in all markets, as we need to reach more customers who can afford our vehicles. Moreover, we need to continue making progress towards lower priced variants of Model 3. Right now, our most affordable offering is the mid-range (264 mile) Model 3 with premium sound and interior at $44k. The need for a lower priced variants of Model 3 becomes even greater on July 1, when the US tax credit again drops in half, making our car $1,875 more expensive, and again at the end of the year when it goes away entirely.”

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Vehicle Electrification Common Sense

By Rud Istvan, – Re-Blogged From WUWT

This is the first of two loosely related technology posts that ctm suggested might be interesting to WUWT. In full disclosure, the details stem from my financial interests in energy storage materials and related topics, having spent much time and money since 2007 on fundamental now globally issued energy storage materials patents for supercapacitance (the Helmholtz double layer physics that creates lightning in thunderstorms). Some of the info cited below is slightly dated because I was too lazy to make everything current. Some of this info was borrowed from my ebook The Arts of Truth and from a 2017 Climate Etc post. All conclusions nevertheless remain valid.

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Tesla Stock Plunges Amid Executive Defections, Musk Smoking Pot

By Thomson Reuters – Re-Blogged From Newsmax

Tesla Inc. shares fell nearly 9 percent on Friday as the resignation of its chief accounting officer after just a month at work spooked investors amid another social media storm around billionaire chief executive Elon Musk.

The company, hurt in the past month by Musk’s high-profile U-turn on a deal to take it private, said Chief Accounting Officer Dave Morton had resigned, citing discomfort with the level of public attention and pace of work.

Tesla Battery, Subsidy and Sustainability Fantasies

By Paul Driessen – Re-Blogged From http://www.WattsUpWithThat.com

More subsidies from exhausted California taxpayers cannot compensate for hard realities

The first justification was that internal combustion engines polluted too much. But emissions steadily declined, and today’s cars emit about 3% of what their predecessors did. Then it was oil imports: electric vehicles (EVs) would reduce foreign dependency and balance of trade deficits. Bountiful oil and natural gas supplies from America’s hydraulic fracturing revolution finally eliminated that as an argument.

Now the focus is on climate change. Every EV sale will help prevent assumed and asserted manmade temperature, climate and weather disasters, we’re told – even if their total sales represented less than 1% of all U.S. car and light truck sales in 2016 (Tesla sold 47,184 of the 17,557,955 vehicles sold nationwide last year), and plug-in EVs account for barely 0.15% of 1.4 billion vehicles on the road worldwide.

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Tesla Car Battery Production Releases as Much CO2 as 8 Years of Gasoline Driving

From NyTeknik: h/t to Don Shaw (translated) – Re-Blogged From http://www.WattsUpWithThat.com

[The translation process makes some phrase sound awkward. -Bob]

Ooops, looks like those “saving the planet” Tesla snobs just got their eco-ride de-pimped

Image from Tesla’s website

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