China car prices are plummeting to levels below 2002. TSLA feeling the crash!
1048 sats \ 10 comments \ @BitcoinIsTheFuture 7 Apr charts
China car prices are plummeting to levels below 2002. What’s going on here? Can we believe the data? Global impacts? TSLA is taking a dive…
The average price of a used Tesla has declined 20 months in a row, moving from a record high of $67,900 in July 2022 to a record low of $31,568 today. That's a 53% decline.
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33 sats \ 1 reply \ @Coinsreporter 7 Apr
Car prices are falling in China at faster rates than in 2002. So, initially I thought that china cars prices have come down to 2002 levels.
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33 sats \ 0 replies \ @BitcoinIsTheFuture OP 7 Apr
Yeah it’s falling off a cliff with no end in sight. No sure what’s next.
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10 sats \ 1 reply \ @gmd 7 Apr
If Tesla is hurting this must be killing all of the non Tesla EV manufacturers who aren’t even profitable.
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99 sats \ 0 replies \ @BitcoinIsTheFuture OP 7 Apr
Yes great point!
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5 sats \ 3 replies \ @xz 7 Apr
In PR.China, public transport is highly competitive relative to other countries I've been to, and pretty efficient to boot. Sometimes feel that it's not a matter of PR.China's infrastructure and public transportation services being awesome, more that the mismanagement and price-gouging in other countries is so prevalent.
Net - net, it's cheaper to drive in most of Europe than to catch a train, and the opposite is true in China, as far as I'm aware. I guess there may be other factors, but mostly I think it's this.
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0 sats \ 2 replies \ @BitcoinIsTheFuture OP 7 Apr
Wow interesting perspective. Thanks for sharing
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5 sats \ 1 reply \ @xz 7 Apr
It'd be interesting to know if fuel prices are a factor. I could be way off. Consumer sentiment maybe?
Interesting data. I wasn't aware of this.
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0 sats \ 0 replies \ @BitcoinIsTheFuture OP 7 Apr
Yeah it’s heading back up but not horrible
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0 sats \ 1 reply \ @lawsonmagnus 8 Apr freebie
Good news for the consumers, i guess.