Posted on 04/05/2024 9:10:22 AM PDT by marcusmaximus
Tesla has shockingly canceled the much-anticipated $27,000 car it was relying on to break into the mass market.
The 'half price' EV was due to go into production starting next year and viewed by investors as a vital saving grace that could rescue the struggling automaker.
Tesla will instead continue developing self-driving robotaxis, according to Reuters, which broke the news on Friday.
In the minutes after the news broke, Tesla's share price fell more than 5 percent to just over $160. The company's stock is one of the worst performing in the S&P 500 this year.
This week its share price fell further after it reported it fell well short of delivery estimates in the first quarter. Competition is also ramping up with Chinese rivals like BYD, which recently launched an EV starting at $10,000.
(Excerpt) Read more at dailymail.co.uk ...
We’re not China. Your rationale is top-down central planning utopia not rooted in proven American consumer behavior. The vast majority of Americans don’t want solar panels. We don’t want wind turbines. And we don’t want electric cars. And we don’t want to be told what to do by China or the EV mafia.
PS. I’m driving 450 miles tomorrow round trip and I just filled up my gas tank with that evil gasoline. Live free.
Most of my friends are urbanites. They drive 5 miles to work and back every day 5 days a week. They don’t shop at Wal-Mart they shop at wholefoods also a mile or two away from their condos or apartments. If they come to see me it’s 45 miles one way and the longest trip by far of their week.
I on the other hand when I commute into the midcites for a contract am 53 miles one way five days a week. That’s 106 miles round trip. Well over the 40 mile avg commute by two sigma over at that.
A BYD or Tesla M3 would easily cover even my 99.9% over avg commute. I could charge at home or work it wouldn’t matter where either way I would have enough range to get to either point and back every day only charging at one end. Work makes more sense since it’s part of the contract compensation package that saves $3600 in fuel I would have to buy retail.
For urbanites even exurbs like me a 300+ mile EV is the ideal commuter car for day to day use. Rent a car for the twice or so a year someone will need to go to “grandmas” 500+ away which for me is never if it’s 400+ miles I am flying writing off the airfare and renting a car at the destination. Same for all my urbanite cohorts. It’s such a nonissue with peer to peer car rentals you can even rent by the hours not day. Uber and lyft make local movements easy peasy especially if you want to get ripped while on vacay.
Ypur 450 mile trip is so far outside the average urbanites daily,monthly drives that tells me you are the outlier and have bias. The rest of the 75% of Americans don’t live like you that’s just fact.
You missed the point , Trump is right if BYD can sell their 20,000 or less EVs here they won’t have to tell anyone to buy them they will outsell any other vehicle due to price point and the usage pattern of the vast majority of Americans. You are the outlier not anywhere near the typical usage pattern at all.
The ones pimping EVs so hard don’t even drive one themselves. Typical liberal “EVs for thee but not for me” nonsense.
How much did you pay for the fuel to go 450 miles? It’s 3.43 a gallon here today. At 28 mpg 450 miles is 16 gallons and $55 in fuel costs.
A model 3 Tesla will go 4 miles on the hwy at 80mph with the A.C.on those are numbers I have seen myself from Houston to New Orleans. 450 miles is 112 kWh worth of power. At Texas retail power rates that’s $10.12 in electricity FIVE TIMES cheaper.
Even at supercharger rates of 35cents per kWh for Tesla on Tesla network it’s only 39.2 bucks. Better would be to rent a Toyota Camry hybrid for the weekend. It would return 55 mpg on the hwy double the mpg of my turbo sedan halving the fuel cost to near the Tesla price point but allowing for 5 min refuel not 30 mins. Since most people drive 400+ miles a couple of times per year the rental make more sense when your cost per mile is five times cheaper to fill up at home via retail power over night.
Too complicated. I’m going on a one day roadtrip and it’s going to be a lot of fun and the only decisions are where to stop for breakfast and where to have lunch. And the cost really doesn’t matter to me. This is about family and fun.
I lease a model 3 snowwhite on black with FSD RWD with the LFP packs I made the plunge after doing the math a week ago. From my garage plug its five times to infinitely cheaper since l do have solar panels on my roofs a large system for prepper lifestyle I can flip a switch and go grid free.
So yes I do have a EV now a nice one it’s way better tech than the S60 Volvo that cost twice as much capex. I am leasing it by the week unlimited miles I have to give 8 hours a week to the ride share group to cover the lease I don’t have to drive it for 8 hours only put it up for Turo type use. Those 8 hours pays for the weekly lease. The rest of the week is at my discretion if I’m not using it much as I have three other vehicles in the stable of vehicles I can peer to peer it over night or by blocks of time and put money in my pocket. Why people don’t do this more is a mystery maybe it’s boomers vs the youngers where we do gig and peer to peer natively. I let people bring it back near empty I’ll just charge it on the cheap at the house.
Uber will rent you a Model Y black for $250 a week. The average Uber black ride is $200 per hour. I know people who drive two or three hours a week and have a free car the rest of the week. Kinda genius turn a profit and have a free car.
Like I said you are an outlier. The average urbanite is going to grab the fam take an uber to the airport and fly the 450 then rent at the destination or just uber around there.
If they want to do a road trip for S&giggles then Enterprise will come to the house with a decked out Toyota Minivan hybrid with three rows of screens for the kiddos Wi-Fi built in and 45mpg with 600+ miles of range all with leather captains seats. Corp/ loyalty rates for that is under $200 for a week. Even retail is 52 per day once or twice a year that’s cheaper than two people flying anywhere over 500 miles. There is zero need for urbanites to have a vehicle that goes 500 miles on a tank when they use less than 40 per day and long range 2x or less per yesr. No reason at all other than some mental block that is not based in reality. Cutting their commuting gas bill by five times is a powerful incentive.
Put this way. The average cost of a new car is $45,000 that will go 35mpg in the city. Trucks are well over $50000
Someone comes to the USA with a similar sized 5 passenger sedan that costs $20000 and has a 300 mile range while costing five times less per mile to drive.
Do you see large numbers of people spending 25,000 more dollars to have 200 more miles of range that they use one or twice per year?
Even if those people do not have L2 plugs at home it’s still cheaper to go to a supercharger for half an hour each week. Do you see people saying well that half hour is not worth the 25 grand extra to have a car I need that twice a year for. If you do think that way you are a textbook confirmation bias case. The first group with $25K or less 200 mile EVs kills the American urban car markets
Let’s revisit this in 5 years. At the end of President Trump’s 2nd term.
Trump cannot stop the transition in the high density urban counties, he rightfully should stop the EPA out of control edicts. But he is 100% right without 50% import tariffs BYD and the other low cost 200-300 mile EVs will in his words bloodbath the American industry.
The cost per mile is so favored to EVs over urban distances that transition cannot be stopped. Again the first group with $25K or under 5 passenger sedan with 200 to 300 miles of range and 150kw CCS or NACS standard without import tariffs will kill anyone else in the market space. It’s easy simple math for most people grade school level at that.
You’re making assumptions based on comparisons to buying a new car, but of all cars sold in America in a year, only 25% are new and 75% are used. Most of America can’t afford to buy a new car or don’t want to take the depreciation hit.
And there’s no resale or trade in value for EVs.
The CEO of Hertz got fired for buying into the EV hype and government subsidies and losing a ton of money for his company as a result. A debacle for buying the EVs since no one wanted to rent one. And then he couldn’t sell them off because there was no resale market.
Hertz CEO Stephen Scherr resigns after EV push goes bust
Scherr’s resignation comes as the car rental company struggles with the higher repair costs and low demand for EV rentals.
https://www.foxbusiness.com/lifestyle/hertz-ceo-stephen-scherr-resigns-ev-push-goes-bust.amp
Hertz CEO steps down following Tesla EV purchase debacle
https://www.engadget.com/hertz-ceo-steps-down-following-tesla-ev-purchase-debacle-055220994.html
Hertz announced its EV sell-down plans in January, citing lackluster demand, costly depreciation and expensive repairs. The Estero, Florida-based company took a $245 million charge and reported its biggest quarterly loss since the pandemic.
https://fortune.com/2024/03/15/ceo-steps-down-prices-following-purchase-teslas/
As a general rule, anyone calling themselves a polymath isn’t
Darn those luddites who don’t recognize your polymathicity
I would spend 5-10k on a used ice vehicle over any EV
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.