Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Evidently, the answer is no. Resale or residual value of electric vehicles fell by almost a third in the United States in 2023 across all major models according to CarGurus and HSBC. This is indicative of lower perceived value and increased financing costs for new purchases. EV maker margins will suffer as a result.
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