Tesla’s Shanghai Shakeup, German EV Struggles, and Cybertruck Mysterious Tunnel

Thank you Mark from @TheTeslaLife for joining the discussion.

Links from today’s show:
Nio aims to become profitable by 2026. Chinese electric car manufacturer Nio wants to make a profit from 2026, according to company boss William Li. The urgency to become profitable arises from the fact that Nio’s development is running about two years slower than expected.
https://www.electrive.com/2024/12/16/nio-aims-to-become-profitable-by-2026/

The plant manager of Tesla’s (TSLA) Shanghai gigafactory, Song Gang, has left the company, according to a letter he wrote to staff on Wednesday.
https://finance.yahoo.com/video/teslas-shanghai-factory-head-leaves-144416606.html

November saw plugin EVs at 22.8% share in Germany, down from 25.7% year on year. BEV sales were down YoY, though from an elevated baseline, while PHEV sales were up 14%. November’s overall auto volume was 244,544 units, roughly flat YoY. The best selling BEV in November was again the Skoda Enyaq, for the third month running.

EVs at 22.8% share in Germany – Volkswagen Group Dominating Home Ground

Since a picture is worth a thousand words, Cybertruck standing inside a tunnel tells an entire story. Earlier this month, Tesla (TSLA) paused Cybertruck production at Giga Texas. We reported that it’s due to the construction of a tunnel not a demand problem as the mainstream media portrayed.