Plus, automakers are worried about high new car inventory, and Stellantis doesn't want to be protected by EV tariffs.
Tesla is branching out further from being just another car company every day. The automaker's latest focus has been on AI, but that's only part of its ultimate goal, which includes unleashing a billion humanoid robots on the world each year. But CEO Elon Musk's latest financial 'projections' about this push need a grain of salt—or a truckload of it. Welcome to Critical Materials, your daily roundup for all things EV and automotive tech.
Since then, the pandemic affected new vehicle inventory by shutting down production and creating complex supply chain issues. Today's inventory sits at 2.89 million vehicles, or a supply of around 73 days. A month ago, the inventory was 2.86 million cars, and a year prior to that, just 1.9 million. And in the fall of 2021, new vehicle inventory had fallen to just 820,000 vehicles.
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