Quote:
Originally Posted by accord1999
Tesla had a "miracle" Q3 2018 too; before falling back onto large losses to start 2019. And YoY revenues are declining; so much for exponential growth of EV.
The Chinese ramp comes in time for the severe decline of EV sales in China as subsidies are cut.
https://technode.com/2019/10/11/chin...-sep-ev-sales/ |
Since large losses and declining revenues are your measure for failure of a company or an industry, maybe you can look at the performance of Suncor (down 27%), CNRL (down 31%), Encana (down 72%), and Husky (down 51%) over the past 18 months? Exxon is even off 22% during the same time. This is an industry that receives massive subsidies and tax breaks, so it certainly doesn't appear to be doing very well. Paints a pretty bleak picture for the industry and its future, amiright?