mblakele
FSD Beta (99)
Ah — perhaps I can help? It's all about that word "need". In the sense of utilitarian necessity, "need" has little bearing on the market for new consumer vehicles in the USA. Otherwise the USA would be emptier of premium vehicles of all stripes, and fuller of econoboxes.There have been a few comments in this thread on differences in various world markets, I think it's important for investors to understand different markets. I'm doing my bit by trying to understand USA "Truck" (Ute) market - not there yet, still bewildered, but learned a lot. I'm still left with the question of why does a granny need something the size of a small tank with an open bed (that someone can just nick stuff from) for grocery shopping?
Instead we redefine "need" to mean: lusting after a purchase that is clearly unnecessary, somewhat impractical, and basically unaffordable. Acquiring such an object often signals membership in a tribe, or at least an aspiration to join.
Of course Tesla recognized this years ago in the secret master plan.