IT'S A BLOODBATH: THANKS, TESLA / VW'S ABSURD SPENDING PLAN

EV Channels Review

This episode of Electrified dives into the intense price war in China's automotive market, highlighting Tesla's role in initiating the 'bloodbath' with its significant price cuts. While Tesla's sales in China showed resilience and even year-over-year growth in Q1 2024, outperforming many legacy automakers who are experiencing sharp declines, the overall market is described as brutal. The video also touches on Tesla's decision to forgo $6.4 million in US supercharger funding due to payment infrastructure requirements and provides updates on V4 supercharger stalls and Tesla's expansion in Malaysia. A significant portion is dedicated to Volkswagen's ambitious $193 billion electrification spending plan, which the host views with skepticism regarding its potential to yield solid financials and secure raw materials compared to Tesla's more efficient capital expenditure. The review concludes with a brief update on the Hummer EV's new onboard charger and Porsche's planned price increases.