Walmart started by placing their stores in rural communities, which tend to be poor.
Today, Walmart is everywhere save very wealthy communities. They have saturated middle class America to such a degree they launched international expansion long ago.
My hometown of Torrance,CA has a Ferrari...
Why does a deal with the Feds imply a deal with Walmart?
https://www.wtvy.com/2022/08/12/walmart-no-plans-make-stores-247-again/
Retailers and restaurants are having a tough time finding enough employees. My guess is Walmart won't consider returning to 24/7 until labor markets return to...
EA behavior is supervised by US Court that approved the Dieselgate settlement. EA can't discriminate against non VW Group brands.
It has accepted other obligations like installing chargers in poor communities.
But it is a subsidiary of VW Group of America. Recently, Siemens invested in EA and...
With sedans priced capped at $55k and SUVs at $80k in the new US EV tax credit scheme it is even more stupid to make a Model 3 competitor over a Model Y competitor.
The SUV first. Maybe the compact sedan is never needed.
California's corporate income tax rate is 8.84%. Moving to Texas did increase profits 10-12%.
And Tesla was profitable for years before moving designated headquarters from Palo Alto to Austin.
The number of people employed at Palo Alto CA, Lathrop CA and Fremont CA are very relevant.
Why then is Musk opening the Supercharger Network globally?
Lucid, Rivian, General Motors, Ford, Stellantis, Toyota, BMW, Mercedes, Toyota, Hyundai, Nissan et all hate subsidies and refuse to take them.
Except Tesla hasn't cut staff in California in greater proportion than Texas or cut production capacity at Fremont.
Tesla, like all automakers, take subsidies wherever they are located.
Tesla gladly takes subsides from the States of Nevada and Texas too.
Most of that extra capacity is for Gravity not Air.
They are not taking Gravity reservations yet. Just creating a mailing list.
After full ramp, Gravity will outsell Air ~3:1
Democrats are wiping out credits for Korean made BEVs like Ioniq 5, EV6, GV60, G80e.
German made BEVs like EQS,EQE, i4,i7, etron of various flavors, Taycans, ID Buzz.
Japanese made BEVs like Ariya, BZ4x, Solera.
Austrian made BEVs like Jaguar I Pace and Fisker Ocean
Belgian made BEVs Volvo...
Base Model 3 loses subsidy because it has a Chinese battery pack. I am 100% it has Chinese CATL cells and I am 95% certain the pack is made in China at Gigafactory Shanghai and shipped to US. Changing this to domestic supply would significantly increase cost. These CATL cells are not...
Ha ha ha.
That is me being a sarcastic smartass.
Obviously, Tesla didn't ask Schumer and Manchin to exclude Model 3, Model S , and Model X from the Federal subsidy.
BTW It is a dereliction of duty if Sen Sinema and Sen Kelly of Arizona allow the only automaker in their State to go from having all their vehicles eligible for the credit to Zero.
It really isn't.
It is serendipity that Model Y and Lyriq align so Model Y gets the credit.
Especially when GM will have everything eligible save for premium trims of Silverado EV and Hummer EV . And obviously Celestiq.
Even base trim Hummers will have the credit. But not base Model 3 or...
The bill supports EV battery pack manufacturing in Mexico and Canada just as much as it supports it in the USA.
The bill supports battery chemical processing and battery cell manufacturing in Mexico, Canada, South Korea, Chile, and Australia just as much as it supports it in the USA.
Mach-e gets their battery cells from LG Poland.
Ford signed a big deal with China's CATL for LFP battery cells to increase production of Mach-e and Lightning.
CATL just started looking for a factory site in Mexico but in the meantime will sell Ford cells exported from China.
Same for rear...
Anyone can google and find the offer is limited to 20 customers. Some articles say "about 20."
https://www.usatoday.com/story/money/cars/2022/07/16/gm-offers-rebate-cadillac-lyriq-drivers-tracking/10076785002/
It would be a great result for Lucid if the number of Airs they are obligated to deliver under $100k drops.
And they have more capacity to deliver Airs in the $125k+ range.
There are new Model S Plaids available for immediate delivery for $142k+ or EQS 450+ for $104k+