TECH - Tesla Bear Says 'EVs Are Not For The Masses' Despite Impressive Q4 Deliveries: 'You Can Sell An Infinite Number Of Teslas If...' | Benzinga
GLJ Research CEO Gordon Johnson opined on Tuesday that electric vehicles are not suitable for the common man, despite EV giant Tesla Inc (NASDAQ:TSLA) reporting full-year deliveries that surpassed market estimates.
What Happened: “EVs are not for the masses,” Johnson said, during an appearance on CNBC’s Squawk Asia program, citing high vehicle costs and low resale value.
“These vehicles are going to be hard to afford for a worker who makes an average salary of $65,000/year in Columbus, Ohio. I am not saying it’s (EVs) going the way of the Dodos but I think that it is a niche market. It is not mass adoption like people in the media say,” he said.
These comments followed ...