Hi, this is Fred Lambert for the electric podcast. I'm sorry I'm not doing the episode live this week because we just tried to do it through Stream Yard and it just completely bugged out.

I'm in Mexico right now. I'm testing out the BYD Shark and everything was working well. We were going live with Seth. I was talking to him for the podcast and I have good internet connection here, but for some reason, when we got into Stream Yard, it was just bunging out. So I'm just going to pre-record the show, me talking about the biggest articles of the week, and unfortunately, we won't be able to do the back and forth with Seth or the question and answers at the end of the show.

But hopefully if you're a fan of the podcast, you still get a little bit of the taste of the show this week through this live recording of me going through the biggest articles of the week.

Starting with the test sales numbers in the US and China. We want to do that last week on the show. We talked about the European

result down roughly 30%. Now we have the US and Chinese result, which are more of the same.

In the US, it looks like it's down 17% in January. And the important thing to note here,

just like Europe last week, is that

we're comparing these versus the Model Y refresh of 2025. So back then, Tesla was production

constraint, but we also assumed that it was likely demand constraint and that the production

constraint was just hiding the demand issues.

And now we know that for a fact because there's no production issues whatsoever right now.

And demand is even down further than it was when Tesla had the production contrains issue.

So I think that's clearly a significant problem for Tesla that need to be addressed. And the U.S. was Tesla's last

stronghold, major stronghold where you didn't have too much of demand issues. At this point,

we're seeing 17% down. Of course, there's also the end of the tax period, but that happened

at the end of Q3 of last year.

So things are accelerating right now for Tesla's domain issues.

As for China, which is the biggest EV market in the world, biggest auto market in the world period, 45% down versus last year when Tesla had the BOWI refresh.

We're down to just 18,500 units in January 2025 for domestic cells.

Those whole cells are up, which includes export.

So, you know, they're still stringing out a lot of cars, but they have to export them

because the Chinese market is having a harder time to absorb them.

...