I see Rivian has already had to reverse course and beg forgiveness.
Fucking over the early adopters is typically a bad move.
Yeah, I’m not thrilled as I have a preorder for the R1S. They’re now telling me I can only get a 7 seat version and I sure as shit don’t need that. Plus, my order which was supposed to be fulfilled this spring won’t be available until 2024? Ugh.
When I get home, I’m going to check my account.
I may end up canceling if my initial estimated price is exceedingly high.
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Good luck to you.
The R1S was only about $10k more than a dual motor (non-performance) Tesla Model Y, but with far more luxury, functionality and caché. The tax break - current or proposed - closes that gap dramatically too.
I’m friends with way too many idiots, but then they’re friends with me, so I figure it all works out. On Facebook, a high school friend explained that high gas prices were a liberal plot to force us into electric vehicles. I told him that it wasn’t the government, that it was Limey. Now I’ve set everybody straight.
The electric Volkswagen van is set for model year 2024 release. I think that’s a game-changer.
If only I’d had HH to explain commodity markets.
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Everyone hates communism…until the price of gas goes up.
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Why doesn’t the price difference or margin between regular and premium increase at the same rate as the price per gallon for regular increases?
Historically, they have increased/decreased at the same rate. But there has been a growing differential disparity in the last 8-10 years. There are several theories as to why, from the higher cost of octane boosting additives, to changes in the supply of lighter crude feed stock, but the overwhelming change has been in the supply/demand dynamics. People are simply buying more premium gas than ever before, thereby driving up the cost.
Tesla just jacked up its prices, yet has sold out of inventory (as far as I can tell) and now the lead time for a Model Y is pushed out to December (it was April a few weeks ago). This is happening even though Tesla is ramping up to full production from its gigafactories in Shanghai, Berlin and Austin, which means the orders must be flooding in.
This gas crisis is going to be catastrophic for legacy auto makers, and many EV companies, who are years behind Tesla in building EVs at any kind of meaningful volume.
I told you Limey’s to blame for high gas prices.
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Will the Ford and the Chevy still last 10 years like they should? Or are they rolling down hill like a snowball headed for hell?
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It’s all misery and gin.
One of the ex-Mrs. Limey’s real estate agents is spending $200/week on gas right now.
Let’s do some math:
If the agent is spending $200/week on gas, at $4/gallon that’s 50 gallons. If she gets 17mpg (I’m being generous) from her SUV, that’s 850 miles/week or 120 miles/day, which is right in the sweet spot for an EV, especially as it’s almost entirely town driving.
A Model Y has a range of 330 miles, so driving 120 miles is going to drain the battery by 36%. Let’s just go ahead and round that up to 50% because it’s Houston and the A/C is going to be running hard. The battery capacity is 75kWh, so that’s 37.5kWh to be replenished every night. I pay 11c per kWh, so that’s a nightly cost of $4.12, or $28.84/week.
The Tesla saves $170/week - or $680/month - on gas.
To lease a new Model Y Long Range AWD costs $659/month.
Leasing a Tesla in this situation is essentially free.
Think I’ll just stay here and drink
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and eat Rainbow Stew?
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I think they’re safe while Biden is president because “he’s a (legacy) car guy”, but they are basically zombies at this point. He’ll prop up GM, Ford etc. in the name of jobs for as long as he can, but they basically will have to completely re-tool from top to bottom and that will take immense amounts of time and money.
Meanwhile, the federal government thumb is already on the scale in that the $7500 EV tax credit currently in the tax code does not apply to Teslas. It was not unnoticed that Biden big-upped GM for it’s EVs while completely ignoring Tesla. Yet, still, Tesla is outstripping all-comers by light years.
According to Musk (insert giant asterisk here), his gigafactories will be able to roll a new car off the production line every 75 seconds. If that’s anywhere close to being accurate, in no time at all the market will be flooded with Teslas and he can then just undercut the competition.
Musk is a bellend bigger than Bezos’ rocket, but what he’s done in the EV market is every bit as revolutionary as what Henry Ford - who I’m sure was a choirboy - did with his newfangled “production line” technique.
That’s the price for 10,000 miles annually, or 200 miles/week. What’s the cost to lease one and drive it 42,500 miles annually?
Good point, I can’t find the per mile overage charge.
Let’s just go ahead and buy it. That’s $856/month over 6 years at 2.74%. So the net cost of buying a Tesla $176/month.
Even if it costs half the price to buy a Ford Explorer (same mileage considerations in play here), you can add $428/month to the savings for a total of $604/month.
Some more considerations:
- If the new EV tax credit passes (which might still happen), it will apply retroactively to new Teslas and owners will receive a $10,000 credit based on the most recent proposals.
- Maintenance is basically the cost of tires and cabin air filters. There are no oil changes and brakes last forever because of regenerative breaking
- Having a full “tank” every morning and never having to go to a gas station
- It’s virtually silent inside, which is great for conversing with clients
- You can leave the A/C on when parked so that it’s cool inside when you come back to it
- Pretty much the safest car on the road
- It’s built in Texas, and almost 100% of parts are made in the US
Oh, and you’re helping to save the planet.
How long does the Tesla battery last at that kind of mileage? That’s a lot of miles. If I could get say 200,000 miles out of it, with those kinds of driving habits, I’d absolutely opt for one.
That time clock has already started ticking and the investments have already started. Ford invested $11.4B in their Tennessee manufacturing plant and Kentucky battery plant(s) (there’s two of them) with construction already taking place. Their EV plan, dubbed Ford+, is a separate design and build investment of $30B, already approved by shareholders and the Board and they just announced another $10-20B to convert worldwide factories outside of the US to EV’s over the next 5+ years. The architect of all of this got his start at Apple manufacturing and then did a stint at Tesla. They’ve been working internally for the last 5 years to remake themselves into a technology company and are now operationalizing that move. Before anyone thinks that they are late to the show, their move and pace was intentional. They wanted others to take on the first-mover risk, learning what works and what doesn’t and then jump in at the start of “v2.0” ready to hit the ground running. Taking a page out of the asian manufacturing playbook. And, scooping up the known, proven talent from those first-movers.
The next few years will demonstrate if this was a winning formula. Anyone that discounts Ford right now probably does so at their own peril. GM is a whole 'nuther thing…
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