by Chris Black
I wonder what happens if you just take vehicle registrations and use that as the only source.+ In Australia they found that actual EV registrations were hundreds of thousands less than the claimed sales of EVs by using other adjusted metrics.
When they claim vehicle sales in the USA, they are using a seasonally adjusted number that in no way accurately reflects real sales of physical vehicles, in some years being off by millions of units.
US Becomes World's Second-Largest EV Market t.co/B5xtD5G0yY
— zerohedge (@zerohedge) February 19, 2023
Orders and deposits were probably reported non-GAAP as ‘sales’.
Nobody looked any closer
In 2007 there were close to 17 million reported sales using seasonally adjusted numbers. The actual hard data for registered vehicles was actually under 13 million.
Where were the other 4 million cars?
Wall Street reported them as sold.
Stocks traded based on 17 million units. Stocks would have tanked if it were reported that there were really less than 13 million.
Registrations for Tesla vehicles doesn’t match reported sales at all, unless a few hundred thousand people bought a Tesla for an investment and never registered the car, keeping it in a garage to look at.
Production numbers and deliveries reported by Tesla haven’t matched for years. It’s as if the accounting department just makes numbers up every quarter based on Wall Street projections and where they want the share price to trade, not the business of actually producing cars.
The only data point that matters is registrations and that number is easily found.
Why isn’t reported though? Is it really that an actual hard data point doesn’t reflect the rosy picture Wall Street and the government paints?
They lie about everything else: adjusted sales, adjusted earnings, fake wealth.