💸🤑 Recently, Ford let dealers know they needed to spend over $1M on updates to sell EVs or simply don't sell EVs.
2️⃣5️⃣ A 2nd option said Ford retailers could spend about $500K, but would only be allowed to sell 25 EVs a year.
💢🤷♂️ Now dealer associations across the country are accusing the company of overburdening the dealer body and breaking franchise laws.
📝🤔 The letter says the 25 EV cap, the limitation of vehicle models, and a series of state-level violations should be revisited and discussed with retailers.
🚙🇺🇸 The group says working together will lead to greater EV adoption across the country.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”