Stellantis CEO warns of EV ‘bloodbath’ and ‘race to the bottom’

Now that people are becoming educated that man-made Climate Change is a hoax, demand for electric vehicles (EVs) is plummeting. Climate Change is a result of activity on the sun, and scientists not being paid to make up fake climate data have proven that the earth has been far warmer at times before humans were on it and before humans were burning fossil fuels.

–by Mark Cipolloni–

To counter the drop in demand, Tesla has cut prices drastically to retain its big market share lead in EVs. As a result Tesla posted a loss last quarter.

Stellantis CEO Carlos Tavares took aim at Tesla, saying EV price cuts could lead to a “bloodbath,” and the brand is avoiding a race to the bottom.

“If you go and cut pricing disregarding the reality of your costs, you will have a bloodbath,” Tavares warned Friday, according to Reuters.

He added, “I know a company that has brutally cut pricing and their profitability has brutally collapsed,” taking aim at Tesla.

Tesla slashed prices throughout 2023, dropping prices on its best-selling Model Y in Europe days ago. The news comes after Tesla lowered prices in China earlier this month, the largest EV market globally.

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After halting production, now comes news that Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year.

It marks a major reversal after the automaker significantly increased plant capacity for the EV in 2023.

“We’ll continue to match production with customer demand,” a Ford spokeswoman said Monday.

As an update to the GM lunacy of taking their company down the 100% EV rathole – Executives with car dealerships from Massachusetts to Alabama to Wyoming sent a letter to Joe Biden recently, urging his administration to drop EV mandates and green energy requirements on the auto industry, citing a lack of interest among American consumers in EVs.

“… we are asking you to slow down your proposed regulations mandating battery electric vehicle (BEV) production and distribution,” the car dealers tell Biden:

According to the car dealers, “enthusiasm has stalled” with EVs and the number of unsold EVs sitting on dealership lots are piling up “even with deep price cuts, manufacturer incentives, and generous government incentives.”

Get Woke, Go Broke as they say. GM Chairman Mary Barra kissed up to the tree-huggers and took GM down an all-EV path that now looks likely to bankrupt GM.

General Motors Chair and CEO Mary Barra (Photo by Steve Fecht for General Motors)

GM and Mari Barra rejected hybrid vehicles, saying the path forward was all-electric, and they instructed their design teams to spend zero time on hybrid design.

Increasingly consumers are rejecting EV’s high prices, limited range in cold weather and recharging inconvenience, and they are turning to hybrid vehicles sold by Japanese Giants Honda and Toyota.

EV demand is shrinking at an alarming rate. Those consumers who thought they were saving the world because they bought into the climate change hoax, have already bought their expensive EV.

Increasingly consumers are becoming educated on the climate change hoax, which is not man-made at all but in fact as a result of activity on the sun. Scientists not feeding from the government money trough have come out and said climate change is not man-made and pointed out that scientists who say it is, come up with fudged data to support the globalist lie so their funding continues.

Related Article: Companies losing billions on blind EV push