About this episode
Three years ago, the global auto industry was gripped by a collective hallucination. CEOs promised us that the internal combustion engine would be dead by 2035 and that legacy automakers were just one battery factory away from a trillion-dollar valuation.That narrative has now collided with economic reality.In this video, we analyze the collapse of the "inevitability" narrative. We look at why Ford has been forced to take a staggering $19.5 billion write-down, why the European Union is quietly dismantling its own petrol ban, and why—despite billions in subsidies—automakers are still losing $6,000 on every electric vehicle they sell.We examine how the industry confused a political project with consumer demand, leading to a market where the cars are too expensive for the middle class and too unprofitable for the manufacturers.Patrick's Books:Statistics For The Trading Floor: ?????????????????????????https://amzn.to/3eerLA0?????????????????????????Derivatives For The Trading Floor: ????????????????????????? https://amzn.to/3cjsyPF?????????????????????????Corporate Finance: ?????????????????????????https://amzn.to/3fn3rvC ?????????????????????????Ways To Support The Channel:Patreon: ?????????????????????????https://www.patreon.com/PatrickBoyleOnFinance?????????????????????????Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle
