Quote:
Originally Posted by chad86tsi
Now it seems what is modulating their growth is "demand".
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I'd agree if by "demand" you mean "the right product" meaning features + price + services.
Said differently, cars are becoming (IMO, have become) a tech product from a consumer perspective and consumers are starting to expect the same features & speed they get from their phones in their cars; and one could even say they expect more in the sense cars have larger screens and are a great space for a conference call, etc.
Tesla had the right product for 2017 - 2022 for a top 20% market:
* Best buying experience,
* Weekly feature updates,
* Class leading power,
* Best software
and Tesla was able to conquest tech execs buyers first, luxe virtue signalers 2nd, tech bros 3rd, and top 20% practical buyers 4th. This includes China and the EU, but in the EU we'd have to add EU-subsidy arbitrage buyers (i.e., German buyers sell their car in Denmark)
The thing is, these are all top 20% tech friendly buyers so ... are there many more of those?
Given Tesla's massive skill at building factories, they may be getting to demand constraints.
Rivian on the other hand is able to attract a totally different market (suburban lifestyle buyers) but Rivian can't produce so they're still supply constrained.
Ford is DEFINITELY supply constrained, especially with the F-150 Lightning
GM seems to be supply constrained but why aren't they making more supply? The Lyriq is arguably way better than any Tesla, as is the Hummer, but supply is a trickle. Will the Blazer, Silverado, & Sierra also be trickle produced? Is GM holding back / sandbagging production?
Hyundai with their Ioniqs is also supply constrained but also seem to be holding back production.
Lucid is DEFINITELY supply constrained ...
But back to demand, are no-garage single-car buyers demanding EVs? No.
Will they buy them if the right product is produced? GM seems to be getting close that segment so we'll see, but they sure don't seem to be in a hurry.