Electric Vehicle sales exceeding expectations

Without comparable numbers for other vehicles, I feel like that's just a bunch of numbers.

Any expensive low mileage vehicle can get totalled in an accident. How are these examples different?

I'm not saying they're not - just that this article doesn't demonstrate a difference

 

Excellent point.

 

Usually deep discounting is bad and cutting prices by 1/3 is astounding. Typically signals cash flow issues. I doubt that’s an issue at Tesla but it’s very counter to products in demand.. like an iPhone which never goes on sale.

Musk Bets the House of Tesla on Low Prices and Razor-Thin Margins

Musk’s Tesla Inc. (TSLA) has cut prices of its electric cars at least a half-dozen times already this year, shaving almost a third of the cost off its top-selling model in the US. The strategy has no precedent—nor is there consensus as to whether it heralds more industry disruption or signals Musk’s desperation.

Musk’s Tesla Inc. has cut prices of its electric cars at least a half-dozen times already this year, shaving almost a third of the cost off its top-selling model in the US. The strategy has no precedent—nor is there consensus as to whether it heralds more industry disruption or signals Musk’s desperation.

 

One explanation is that for a long time Tesla had a near monopoly or at least a dominant position in EVs, now that he has much more competition Elon Musk is being forced to cut prices to maintain or at least limit its loss of market share.

 

Elon Musk said this same thing a few months ago.

 

I would wait till these cars can drive 750 miles and fully charge up in 5 minutes or less before I think about buying one of these vehicles. Oh, and the battery life in these cars has to approach 20 years or more too. They also must have to be sold state batteries so I don't need nearly as much cooling and heating (I would prefer no cooling or heating) for these batteries. That is wasted power right there.

 

The life span of these EV car batteries is just about 10 years, good luck on the resale of these vehicles.

NOT READY FOR PRIME TIME.

 

While you wait for the perfect EV I’m enjoying mine to fullest and the next one I buy will be even better.

 

Tesla has more inventory now than at any time in its history, including before the first price reductions this year. They’re just trying to move cars. What interests me most is what happens to all the other manufacturers’ offerings.

 

Lol, what car can go 750 miles on a tank of gas? And lasts 20 years.

 

My sister in law just won a 2023 electric Ford F150 at the Seminole Hardrock Casino Saturday night. Of course she is a gambling fool, I'm sure she has paid for that truck many times over, over the years.

 

Replacing the batteries is around $20,000 Even if they get that price down to $10,000 it's still going to crush the resale value of these EVs.

 

I never said ICE cars go that far on a tank of gas... YOU INVENTED THAT ASSUMPTION.

 

That's not accurate.



How much it usually costs to replace an electric vehicle battery | verifythis.com

Also, most EV's have a 8 year warranty on the battery and the battery is expected to last 20 years. If you believe the market and technology will become more efficient over that timeframe, you should feel confident that the replacement cost isn't going to crush you.

https://www.cars.com/articles/how-much-do-electric-car-batteries-cost-to-replace-465308/

 

I think that the explanation for it is simple - concurrency. He is smart and understands the marker very well. If we compare the market back then to what we have now - it's obvious that now the concurrency is high. So I think that a price drop is supported to boost sales.

 

Ford receives the largest loan in the history of the automotive industry ($9.2 billion) to build three EV factories. I hope they can pay it back at some point in the future. Ford's reputation for quality took a nosedive after the 2008 financial collapse, and I don't think it has fully recovered yet.

Ford just got a loan bigger than anything seen ‘since the advent of the auto industry’ — here’s what the company is spending it on

 

I keep my vehicles until they pretty much wear out. I had a 1995 Dodge Dakota and Camry for 14 years. I traded in the truck and gave the Camry to my daughter while she was in nursing school. It had 343K miles on it, the truck with about 82K.

Im afraid the EV battery would have to be replaced before I’m ready for a new vehicle and cost me a boatload of money.

Anyone else have that concern?

 

Wonder what the excessive heat is doing to the batteries even with cooling?

Saw an EV blamed for a house fire South of Jax yesterday, maybe Nocatee? Haven’t read a follow up story yet.