Ron Wagner + 709 April 16 https://www.insidehook.com/electric/tesla-cybertruck-executives-exit-bad-week Rumored Cybertruck Delays and Executive Exits Have Tesla’s Week Off to a Terrible Start And yes, it's only Monday BY TOBIAS CARROLL April 15, 2024 11:33 am Tesla's week is off to a challenging start. Tesla In retrospect, maybe the news that Tesla had been putting money into an area it had historically avoided — namely, advertising — was a clue that all was not well in Elon Musk’s EV empire. Over the weekend, ominous news clung to Tesla like mud to a Cybertruck that’s been off-roading. The first piece of news came from Investors Business Daily, which cited “social media chatter” to the effect that Tesla had temporarily paused deliveries of its Cybertruck. The rumored issue had to do with the vehicle’s accelerator — something that’s pretty high on the list of things you need to work without question on any vehicle. Unfortunately for the automaker, that wasn’t the only piece of bad news on the horizon. On Monday morning, Reuters reported that Tesla planned to lay off over 10% of its workforce globally. Two high-ranking executives — Drew Baglino and Rohan Patel, responsible for battery development and business development, respectively — have also announced that they’ve left Tesla, as per Reuters. Musk responded to Baglino’s departure on social media, writing, “Thanks for everything you’ve done for Tesla. Few have contributed as much as you.” Tesla Is Changing Gears on its No-Advertising Strategy The automaker has historically focused on word of mouth sales One analyst cited in Reuters’s reporting, Craig Irwin of Roth Capital, addressed a broader takeaway from the company’s latest move. “Layoffs imply management expects weak demand to persist,” Irwin told Reuters. When it comes to EVs, Tesla is far from the only option available — and while demand for EVs is up in the U.S., it’s still a much smaller piece of the overall automotive market here. That the future of a planned $25,000 EV from Tesla is ambiguous is another mixed signal from the automaker. It may leave you wondering how many of the issues facing Tesla right now could have been preventable. More Like This 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 709 April 16 On 4/15/2024 at 10:05 AM, Jeroen Goudswaard said: Also here in Europe I can buy a banger for €500 or less. I can buy my spare parts at any recycling plant for peanuts. But would I want to get my hands dirty, or stand at the side of a motorway due to a leaky cooling system. In short: no. Students can do that, not families. I am surprised to hear that American cars do not depreciate as quickly as in Europe. Why is that? You claim that an 8 year old car still fetches 50% of original sales price. That's a car that will start needing considerable maintenance imminently. Timing belt, suspension, brakes, you name it. Why would people spend that much on an old car? Your story with the Honda Odyssey is great. Most people find that after 12-15 years the cost of repairs outprices the remaining value of the car and they do away with it. Mostly because of manhour rates, not even the parts. I have discarded lots of vehicles that could have easily been kept on the road. The trouble is that most families have two drivers that need a car available. Lots of our used cars have gone to our children. None of them were properly maintained and discarded too soon by our children. We are now both retired but keep our three vehicles, small, large, and medium. Our favorite has always been our medium sized minivans. The one many love to hate. We can select from three vehicles according to need, gasoline price, occupants etc. our big van can haul a 7,500 pound trailer and carry 12 occupants in large comfortable leather seats. All three of our vehicles would bring about 75% of their value as a resale, even though they average about six years old. They are all low mileage. If a person needs to economize on used cars, I always thought that a great option would be to keep a reliable extra vehicle. It can be vital when needed for work. We also learned that living in a suburb can be less costly than in a further out rural home. Of course that would vary depending on the metro area in question. Quote Share this post Link to post Share on other sites
Ron Wagner + 709 April 17 https://www.youtube.com/watch?v=qFQ0brC19Ro The ‘I Told You So’ Moment: Toyota’s Predictions About EVs Come True! Electric Vehicle or Hybrids? Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,190 April 17 19 hours ago, Polyphia said: You have such a myopic view of the world. Reality: Majority of the world works on their own cars Pretentious assholes pretend their hands are to delicate to contact a wrench Quote Share this post Link to post Share on other sites
TailingsPond + 1,007 GE April 17 9 minutes ago, footeab@yahoo.com said: Reality: Majority of the world works on their own cars Pretentious assholes pretend their hands are to delicate to contact a wrench People who are gainfully employed spend their free time doing fun things. While you are replacing yet another water pump in some beater car someone else is going for a picnic with their family. When you wash your hands are they still dirty after? Look around and under the nails. Would a woman want them touching her privates? Too dirty to contact a wench! hahah! 1 Quote Share this post Link to post Share on other sites
Polyphia + 83 LT April 17 4 hours ago, footeab@yahoo.com said: Reality: Majority of the world works on their own cars Pretentious assholes pretend their hands are to delicate to contact a wrench I doubt that, but then true to form, you don't provide any data to back up your statement. I doubt that the majority of the world does any significant work on their cars (beyond basic maintenance such as changing the oil). As I have explained before, I am not afraid to get my hands dirty--I just prefer to spend my time doing other things I find more enjoyable than fixing vehicles. 2 Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL April 17 18 hours ago, Ron Wagner said: https://www.insidehook.com/electric/tesla-cybertruck-executives-exit-bad-week Rumored Cybertruck Delays and Executive Exits Have Tesla’s Week Off to a Terrible Start And yes, it's only Monday BY TOBIAS CARROLL April 15, 2024 11:33 am Tesla's week is off to a challenging start. Tesla In retrospect, maybe the news that Tesla had been putting money into an area it had historically avoided — namely, advertising — was a clue that all was not well in Elon Musk’s EV empire. Over the weekend, ominous news clung to Tesla like mud to a Cybertruck that’s been off-roading. The first piece of news came from Investors Business Daily, which cited “social media chatter” to the effect that Tesla had temporarily paused deliveries of its Cybertruck. The rumored issue had to do with the vehicle’s accelerator — something that’s pretty high on the list of things you need to work without question on any vehicle. Unfortunately for the automaker, that wasn’t the only piece of bad news on the horizon. On Monday morning, Reuters reported that Tesla planned to lay off over 10% of its workforce globally. Two high-ranking executives — Drew Baglino and Rohan Patel, responsible for battery development and business development, respectively — have also announced that they’ve left Tesla, as per Reuters. Musk responded to Baglino’s departure on social media, writing, “Thanks for everything you’ve done for Tesla. Few have contributed as much as you.” Tesla Is Changing Gears on its No-Advertising Strategy The automaker has historically focused on word of mouth sales One analyst cited in Reuters’s reporting, Craig Irwin of Roth Capital, addressed a broader takeaway from the company’s latest move. “Layoffs imply management expects weak demand to persist,” Irwin told Reuters. When it comes to EVs, Tesla is far from the only option available — and while demand for EVs is up in the U.S., it’s still a much smaller piece of the overall automotive market here. That the future of a planned $25,000 EV from Tesla is ambiguous is another mixed signal from the automaker. It may leave you wondering how many of the issues facing Tesla right now could have been preventable. More Like This Meltdown in progress. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 1,007 GE April 17 (edited) 1 hour ago, Ecocharger said: Meltdown in progress. Cybertruck is mostly a gimmick. It does not represent more reasonable EVs. Edited April 17 by TailingsPond Quote Share this post Link to post Share on other sites
Rob Plant + 2,756 RP April 18 On 4/17/2024 at 6:23 AM, footeab@yahoo.com said: Reality: Majority of the world works on their own cars Pretentious assholes pretend their hands are to delicate to contact a wrench These days most cars have "sealed units" and even spark plugs are inaccessible for many unless you buy expensive tools. Also these days you have to do "engine diagnostics" to determine what exactly is wrong with the car. The manufacturers have stopped the layman being able to service their own vehicle like many used to 10-20 years ago. They arent stupid it means $$$$ for the dealership in extortionate maintenance costs, or you have to take to a private mechanic who again wont be cheap. At 17 my first car a Ford Escort mark II the engine seized (after it had been stolen), I went to the local scrap yard stripped the engine back to the head gasket removed the pistons cleaned all the crap out and put it back together and then fitted the engine all by using a manual with no previous experience of doing any car maintenance. It worked on the first turn of the key! I really enjoyed doing that and it was satisfying doing the work and then having a car (although it was an old beater) to see my girlfriend in. Happy times, but very different times to today unfortunately. 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 April 18 (edited) Now this is quite interesting..VW, Ford, GM & Tesla all have either curtailed production, significantly reduced the work force and just like that there is a market decline. EXTRAORDINARY IS IT NOT! Weak EV Market Dragged Down European Car Sales in March By Tsvetana Paraskova - Apr 18, 2024, 6:00 AM CDT In the EU, new electric vehicle sales slumped by 11.3% to 134,397 units in March, led by a major 29% decline in EV sales in the biggest European market, Germany. https://oilprice.com/Latest-Energy-News/World-News/Weak-EV-Market-Dragged-Down-European-Car-Sales-in-March.html Edited April 18 by Eyes Wide Open 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,756 RP April 18 (edited) 1 hour ago, Eyes Wide Open said: Now this is quite interesting..VW, Ford, GM & Tesla all have either curtailed production, significantly reduced the work force and just like that there is a market decline. EXTRAORDINARY IS IT NOT! Weak EV Market Dragged Down European Car Sales in March By Tsvetana Paraskova - Apr 18, 2024, 6:00 AM CDT In the EU, new electric vehicle sales slumped by 11.3% to 134,397 units in March, led by a major 29% decline in EV sales in the biggest European market, Germany. https://oilprice.com/Latest-Energy-News/World-News/Weak-EV-Market-Dragged-Down-European-Car-Sales-in-March.html From your article "All new car sales in the European Union car market dropped by 5.2% year-on-year" And this "Among the three largest BEV markets, Belgium (+23.8%) and France (+10.9%) enjoyed double-digit increases, while Germany faced a significant decrease of 28.9%, ACEA said. The EU saw a total of 332,999 new battery-electric cars registered during the first quarter of 2024, up by 3.8% compared to the same quarter last year. Despite the general market decline, hybrid-electric car registrations in the EU jumped by 12.6% in March 2024, with France and Italy driving the increase. The share of hybrid car sales rose to 29% of the new sales last month, up from 24.4% in March 2023. Edited April 18 by Rob Plant 1 3 Quote Share this post Link to post Share on other sites
gkam44 + 26 April 20 Do you still have to pay for electricity and gasoline? Not us, we invested in a solar system and electric cars and have lived and driven with free electricity for eight years now. The PV solar system paid back in three years in gasoline savings alone. Why do you still have to pay for electricity and gasoline? Quote Share this post Link to post Share on other sites
Ron Wagner + 709 April 21 On 4/17/2024 at 12:14 PM, Ecocharger said: Meltdown in progress. I always thought it was butt ugly and could have had a much better design. I have read some rave reviews but they didn't ring true to me. The finish seems to be problematic also. Sales results will tell the truth after a years long build up. Quote Share this post Link to post Share on other sites
lexington green + 22 LG April 24 Retail sales of electric vehicles rose during the quarter, and GM is producing more of its own batteries, he said. The company is on track to hit a mid single-digit profit margin on EVs next year. https://abcnews.go.com/Business/wireStory/general-motors-reports-strong-quarter-profits-prices-offset-109525489 Quote Share this post Link to post Share on other sites
Rob Plant + 2,756 RP April 24 On 4/20/2024 at 3:48 PM, gkam44 said: Do you still have to pay for electricity and gasoline? Not us, we invested in a solar system and electric cars and have lived and driven with free electricity for eight years now. The PV solar system paid back in three years in gasoline savings alone. Why do you still have to pay for electricity and gasoline? Yawn! 1 Quote Share this post Link to post Share on other sites
Ron Wagner + 709 April 25 https://finance.yahoo.com/news/volvo-landed-cheap-chinese-ev-100521660.html How Volvo landed a cheap Chinese EV on U.S. shores in a trade war Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM April 30 (edited) E-car Sales Collapse????? number one car market in the world begs to differ....Jan 12, 2024 — In 2023, 21.706 million new cars were sold in the Chinese market from 25 percent market share for plugins on average for 2023 to 43 Percent in March 2024 43 percent market share for plug ins today equals 9 million plug in new cars sales in one year and we are looking at March numbers......wow...what will the rest of the year bring....end of year 50 to 55 percent??????? and battery prices expected to drop in half this year 2025 ....60 percent of the Chinese market are plugins???? 2030 .....100 percent?????? the question is will any car dealers in China take a clunker as a trade in?????? too many clunkers not enough demand Peak oil has happened CleanTechnica 43% Plugin Vehicle Market Share In China — March 2024 Sales Report Plugin vehicles are all the rage in the Chinese auto market, with plugins scoring 743,000 sales (in a 1.7-million-unit overall market). . 13 hours ago CleanTechnica 25% of New Car Sales in China Were 100% Electric in 2023! Plugin vehicles in China once again ended the year with a record month, growing by 46% year over year (YoY) in the last month of the year to... . Jan 31, 2024 Edited April 30 by notsonice 1 Quote Share this post Link to post Share on other sites
Heather_Anderson + 2 May 2 Thanks for helping me out. Click here Quote Share this post Link to post Share on other sites
Rob Plant + 2,756 RP May 2 (edited) BYD’s affordable Seagull EV poised to arrive as the UK’s cheapest electric car https://electrek.co/2024/04/03/byds-affordable-seagull-likely-launch-uks-cheapest-ev/ BYD’s most affordable Seagull EV, starting under $10,000 (69,800 yuan), could arrive as the UK’s cheapest electric car. Although BYD has yet to confirm plans, UK leaders see a market for the low-cost “Lamborghini Mini” EV. BYD launched the new Seagull EV in China last month. Its starting price is ultra-affordable starting at $9,700 (69,800), which is about 5% cheaper than the previous model. Below is what you pay for the average small new car in the UK. How Much is a New Car? Starting Prices for Popular Cars Small £19,000 - £25,000 Medium £26,000 - £28,000 SUV £26,000 - £32,000 If this sells and makes a profit at GBP 7,750 (current exchange rate) in the UK then it will revolutionise EV sales. It will be interesting to see if there will be import duties imposed on BYD to protect local manufacturers. Even if they did and double the cost BYD will still not be able to produce them quickly enough to satisy demand! Game changer right here! Edited May 2 by Rob Plant 1 Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM May 2 8 hours ago, Rob Plant said: BYD’s affordable Seagull EV poised to arrive as the UK’s cheapest electric car https://electrek.co/2024/04/03/byds-affordable-seagull-likely-launch-uks-cheapest-ev/ BYD’s most affordable Seagull EV, starting under $10,000 (69,800 yuan), could arrive as the UK’s cheapest electric car. Although BYD has yet to confirm plans, UK leaders see a market for the low-cost “Lamborghini Mini” EV. BYD launched the new Seagull EV in China last month. Its starting price is ultra-affordable starting at $9,700 (69,800), which is about 5% cheaper than the previous model. Below is what you pay for the average small new car in the UK. How Much is a New Car? Starting Prices for Popular Cars Small £19,000 - £25,000 Medium £26,000 - £28,000 SUV £26,000 - £32,000 If this sells and makes a profit at GBP 7,750 (current exchange rate) in the UK then it will revolutionise EV sales. It will be interesting to see if there will be import duties imposed on BYD to protect local manufacturers. Even if they did and double the cost BYD will still not be able to produce them quickly enough to satisy demand! Game changer right here! no surprise .....Clunkers are doomed People (well the doomsday crowd and Luddites such as Ecochump) thought EVs would never be affordable to the masses due to crazy battery prices.............no more..... $10,000 for a new car...................and this year....no wonder why the Chinese new car market will be over 50 percent of all cars being Plugins this year. Only a Luddite would stick to a Clunker when they can buy an EV that can get them around everyday with their daily commutes to work and to the stores etc for $10,000. And an EV with a range of 250 miles for $12000....bonkers Insuring a $10,000 car ....1/2 the price of an ICE vehicle Road Anxiety..........easy, if you need to do a long road trip once a year....rent a car for the one week ... you will save a fortune by using an EV for almost all of your driving ...the savings in fuel costs will pay for a rent a car for several weeks every year. Clunkers are doomed. BYD and CATL also announced they are dropping the price of batteries to $60 KWH this year....The Seagulls battery packs..... The new BYD Seagull has 30.08 kWh and 38.88 kWh Blade Battery options, good for 190 mi (305 km) and 252 mi (405 km) CLTC range the cost of the battery for the Seagull is $1800 to $2350......... add in the motors.......and controllers.........$4000 ?????? can one make an ICE engine for under $4000 these days ??? clunkers are doomed even if the battery dies after 10 years one can afford to replace it CleanTechnica CATL, BYD To Slash Battery Prices By 50% In 2024. BOOM! EVs Win! CATL says it will begin selling LFP battery cells in the VDA format at price less than $60 per kWh hour by the middle of this year. . Feb 26, 2024 Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM May 2 On 4/25/2024 at 12:13 PM, Ron Wagner said: https://finance.yahoo.com/news/volvo-landed-cheap-chinese-ev-100521660.html How Volvo landed a cheap Chinese EV on U.S. shores in a trade war some would call these cars at these insanely low prices a trade war.......I would call it a war on ICE Vehicles and the low cost cars always wins....regardless of what is the fuel.....fossil or electricity Remember the 60's 70's and 80's with cheap German and Japanese imports??????...truly a game changer in the auto business that doomed oversized overweight overpowered poor quality clunkers for the cost conscious consumer...a no brainer.... Clunkers are doomed 2 Quote Share this post Link to post Share on other sites
Rob Plant + 2,756 RP May 3 I wonder if a brand new EV for $10K will trigger "E-car Sales Collapse" just as Mark Lawson predicted when he started this thread? Ahh the joys of technology, innovation and good old fashioned competition. Mark I think you forgot all 3 of these. 1 1 Quote Share this post Link to post Share on other sites
Polyphia + 83 LT May 3 Advances in battery recycling related to EVs... https://finance.yahoo.com/news/battery-recycling-shatters-myth-electric-150004604.html 1 Quote Share this post Link to post Share on other sites
notsonice + 1,255 DM May 3 11 minutes ago, Polyphia said: Advances in battery recycling related to EVs... https://finance.yahoo.com/news/battery-recycling-shatters-myth-electric-150004604.html the highlight, so much for the claims made by Ecochump from the article EV recycling is already profitable and capable of recovering more than 95% of the key minerals. A new analysis by Stanford University researchers, which is still under peer review, found that Redwood Materials’ recycling process produces up to 80% fewer emissions than the traditional supply chain using CO2 belching refineries. That’s enough to shorten an average EV’s environmental breakeven time with an internal combustion vehicle to less than 15,000 miles. Every mile thereafter is a carbon win against the internal combustion engine. As a result, the initial carbon footprint of an EV is higher than a comparable internal combustion engine vehicle. Those upfront emissions are paid back over time with the superior efficiency of electric motors, leading to a 70% reduction in total emissions over the average life of the vehicle. In the US, it takes about 25,500 miles (41,000 kilometers) of driving for an EV to break even, according to a BloombergNEF analysis. That payback figure, however, assumes that every EV is made with newly mined lithium, nickel and cobalt — as if all the materials will end up in a landfill at the end of a vehicle’s life. But that’s not what’s happening. Quote Share this post Link to post Share on other sites
Ecocharger + 1,474 DL May 7 (edited) On 5/2/2024 at 5:00 AM, Rob Plant said: BYD’s affordable Seagull EV poised to arrive as the UK’s cheapest electric car https://electrek.co/2024/04/03/byds-affordable-seagull-likely-launch-uks-cheapest-ev/ BYD’s most affordable Seagull EV, starting under $10,000 (69,800 yuan), could arrive as the UK’s cheapest electric car. Although BYD has yet to confirm plans, UK leaders see a market for the low-cost “Lamborghini Mini” EV. BYD launched the new Seagull EV in China last month. Its starting price is ultra-affordable starting at $9,700 (69,800), which is about 5% cheaper than the previous model. Below is what you pay for the average small new car in the UK. How Much is a New Car? Starting Prices for Popular Cars Small £19,000 - £25,000 Medium £26,000 - £28,000 SUV £26,000 - £32,000 If this sells and makes a profit at GBP 7,750 (current exchange rate) in the UK then it will revolutionise EV sales. It will be interesting to see if there will be import duties imposed on BYD to protect local manufacturers. Even if they did and double the cost BYD will still not be able to produce them quickly enough to satisy demand! Game changer right here! European-destined EVs are piling up at ports of entry, helplessly waiting for dealers to take them on. Demand for EVs has collapsed in Europe. This is an economic Dunkirk, the end result of mistaken government policies. https://qz.com/cars-european-ports-slow-sales-bottlenecks-1851397116#:~:text=Imported vehicles are seriously piling,buildup of new%2C unsold vehicles. "Imported vehicles are seriously piling up at European ports, turning them into “car parks.” Automakers are distributors are struggling with a slowdown in car sales as well as logistical bottlenecks that make it hard to alleviate the buildup of new, unsold vehicles. From the Financial Times: Port and car industry executives have pointed to a pile-up of Chinese electric cars as one of the leading causes of the problem, with some companies booking shipping delivery slots without ordering onward transportation. In other instances, carmakers in general are struggling to order trucks because of the lack of drivers and equipment to move the vehicles on. “Car distributors are increasingly using the port’s car parks as a depot. Instead of stocking the cars at the dealers, they are collected at the car terminal,” said the Port of Antwerp-Bruges, whose port at Zeebrugge is Europe’s busiest port for car imports. “All major car ports” were struggling with congestion, the port added, without specifying the origin of the vehicles. Edited May 7 by Ecocharger Quote Share this post Link to post Share on other sites
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