If your friends jumped off a bridge, would you follow? Of course not! What if they build a bunch of electric cars?
Mazda announced nearly $11B in investments to electrify its vehicles. Though trailing the competition, the company hopes to reach 40% EV sales by 2030, increasing an earlier goal of 25%.
In addition to a full EV launch between 2025-2027, the company may also get into battery production.
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.”