Becker Private Equity & Business Podcast
Fake Cars & Fake Food Get Slammed in the Markets 3-4-25
Tue, 04 Mar 2025
In this episode, Scott Becker humorously breaks down the rough market performance of “fake cars” (Tesla and Lucid) and “fake foods” (Beyond Meat and Oatly).
Chapter 1: What are the challenges facing electric cars?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're trying to make sure that every day we're teaching, we're learning, we're entertained, and a lot more. Today's discussion is fake cars and fake foods get slammed in the markets. So here's the discussion, and this is a joke, of course, so don't take this overly offensive.
Chapter 2: How are fake cars defined in the market?
We're going to call for a second electric cars, fake cars. Electric cars down 34%. Lucid Group is down 34% over the last year. It's down again year-to-date, just really taking it on the chin. Tesla's also down about 30% year-to-date. So Lucid's down 27% year-to-date, something like 34% over the last year. Tesla's also down 30%. So that's – we put those in our –
Chapter 3: What is the market performance of Lucid Group?
Chapter 4: What is the status of Tesla in the current market?
In our category of fake cars, we need electric vehicles. And I know that's a joke, and I don't mean to irritate any of our people that are very huge fans of electric cars and their transition from electric cars to fossil fuels. But if you watch Landman, you know we're not ready for it fully yet. The second thing we're going to talk about is fake foods.
Chapter 5: What are the issues with fake foods?
And in the fake food category, I've got Beyond Meat, which is the company that makes the the pretend meat that's not made with real meat. And so Beyond Meats, to give you a sense of the fake food category, they are down 68% in the last year and down 18% in the last year to date. So that's also just taking it out of the chin.
Another situation in the fake food category is Oatly, the maker of oat milk. And this is what drove this discussion today. Always down 16% again today. They're just getting crushed. They're down 33% year to date and 60% over the last year. So today's discussion is fake news. Cars and fake foods getting crushed in the market.
You know, it's really a discussion of Tesla, Lucid, Oatly, and Beyond Meats. We hope you enjoy this. We hope you get a kick out of this. We hope you're not so environmentally sensitive that you're mad at me calling these fake cars or mad at me calling these fake foods. I totally apologize, but I hope you have a laugh out of putting those things together as a discussion. Fake foods and fake cars.
Text Scott Becker anytime. If you're the first one to text me on this episode, fake food and fake cars at 773-766-5322. Well, I will send you a $100 Amazon gift certificate. Amazon's also down 2% today, a day where, you know, one of the mega caps, Nvidia, is also getting crushed down almost 6% on Monday. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you.