Electric Vehicle repair costs, insurance and rising costs.

[GameBoy27]

"After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI and autonomous vehicles.

"We're putting the actual 'auto' in 'automobile,' " Musk said, to chuckles from his executive team.

"The future is really bright," Tesla CFO Vaibhav Taneja added later. "We just have to get through this period and get there."

"This period," though, is rough. Profits were down 55% for the quarter compared to a year ago, after sales decreased and Tesla repeatedly cut prices. A number of top executives are leaving, including the head of investor relations, who dropped that news on the Tuesday earnings call. Tesla is laying off more than 10% of its global staff, and executives are clamming up when investors ask for more details about a long-promised $25,000 vehicle."

Then there's the fact that Tesla screwed its customers by slashing prices last year. "One tweet posted on Friday reads: “Tesla screws with people so much when they drop price by $20k+. I just picked up my Model S Plaid one day ago, drove less than 100 miles on it and I'm shafted by over $20k. TESLA NEVER AGAIN.”

Imagine buying your Tesla then finding out you could've saved almost $20K if you waited a week? Doesn't help the resale value either.

 

[countrylover]

"After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI and autonomous vehicles.

"We're putting the actual 'auto' in 'automobile,' " Musk said, to chuckles from his executive team.

"The future is really bright," Tesla CFO Vaibhav Taneja added later. "We just have to get through this period and get there."

"This period," though, is rough. Profits were down 55% for the quarter compared to a year ago, after sales decreased and Tesla repeatedly cut prices. A number of top executives are leaving, including the head of investor relations, who dropped that news on the Tuesday earnings call. Tesla is laying off more than 10% of its global staff, and executives are clamming up when investors ask for more details about a long-promised $25,000 vehicle."

Then there's the fact that Tesla screwed its customers by slashing prices last year. "One tweet posted on Friday reads: “Tesla screws with people so much when they drop price by $20k+. I just picked up my Model S Plaid one day ago, drove less than 100 miles on it and I'm shafted by over $20k. TESLA NEVER AGAIN.”

Imagine buying your Tesla then finding out you could've saved almost $20K if you waited a week? Doesn't help the resale value either.

Ya,just like buying from any manufacturer and finding out a day later that a sale is on. It happens. Anyone remember the big incentives that the OEMs used to put on regularly? How about above MSRP during Covid? Do you think those people are happy?

 

[GameBoy27]

Ya,just like buying from any manufacturer and finding out a day later that a sale is on. It happens. Anyone remember the big incentives that the OEMs used to put on regularly? How about above MSRP during Covid? Do you think those people are happy?

Really? Other than Tesla, name one manufacturer that's slashed prices globally like Tesla did.

 

[countrylover]

Really? Other than Tesla, name one manufacturer that's slashed prices globally like Tesla did.

Any of the big three when they offer incentives.

 

[GameBoy27]

Any of the big three when they offer incentives.

They may reduce prices on selected vehicles if they have a large inventory, or when they're about to launch a new model. But no manufacturer has done what Tesla did, globally. They're hurting and it'll get worse when BMW, Mercedes, Porsche etc. start introducing more EVs.

 

[niks9009]

IN Norway , Resale price of ICE vehicles prove otherwise . Norway has the highest EV ownership rate in the world . And a cold winter climate too.

I meant in the scenario where EVs still do not have the infrastructure but the regulation to only sell zero emission cars from 2035 still happens. Then there might be a spike in demand for used ICE cars. Again, I was just making a guess.

 

[niks9009]

Can someone explain why Ontario taxpayers should subsidize luxury cars for the wealthy? If EVs are so great, taxpayers shouldn't have contribute. If people aren't buying them without a government handout, there's something wrong with the business model.

It is a logical way to incentivize people to purchase a ZEV. Don't the rebates extend to some hybrids too? Considering the value of the rebates and how long they are eligible. It doesn't seem that bad.

 

[countrylover]

They may reduce prices on selected vehicles if they have a large inventory, or when they're about to launch a new model. But no manufacturer has done what Tesla did, globally. They're hurting and it'll get worse when BMW, Mercedes, Porsche etc. start introducing more EVs.

I think you're arguing semantics but I would bet that they're not going to get worse. They're going to do better.

 

[bazokajoe]

People will adopt EVs when price and convenience is on par with ICE vehicles. Until then, people will stick to ICE and hybrids. Only a moronic government would require all new car and light-truck sales to be zero emission by 2035. EVs simply aren't practical for everyone.

Once Trudummy is gone that requirement will be gone.

 

[bazokajoe]

should be a lot more than $200

 

[oral.com]

IN Norway , Resale price of ICE vehicles prove otherwise . Norway has the highest EV ownership rate in the world . And a cold winter climate too.

Interesting that Norway wealth is significantly tied to the sale of North Sea oil. Perhaps the reason the population has gone ”green “ has more to do with guilt or virtue signalling.
Alfred Nobel made a fortune selling arms and bequeathed a portion of his fortune to “Nobel peace prize”

 

[SaturnFan]

Trudeau & DoFo had better hope electric vehicles sales take off as there’s a BIG investment announced in Alliston today.

https://www.cbc.ca/news/politics/trudeau-ford-announce-honda-ev-deal-1.7184495

 

[oil&gas]

The affluent among climate change sheeple in Ontario could easily
absorb all the pricey cars to be produced by the 4 new EV plants for the
purpose of virtue-signalling if not for daily commuting. Honda will have
more to worry about competition from cheaper imports from China.

 

[HungSowel]

There are 2 market segments that EVs naturally fit into, the high end with real AI driving and the low end like a glorified golf cart. AI driving is still a pipe dream so the only real market is the low end. In the low end BYD will crush everyone, only tariffs can stop it from dominating.

The BYD seagul is ~10k USD or ~14k CAD and it is available for sale now but not in North America. it is cheap enough that you can get an EV and for the few times you need to drive far you rent an ICE vehicle. If you can get 3 years out of it then it would be ok, if you can get 5 or more years out of it then it would be an excellent deal.

 

[Mr.lover]

USA needs to steal tech from China now, we once said they were not innovative.. I think we have been proven wrong.

 

[Jubee]

"each EV battery takes nearly TWO HUNDRED TONS of fossil fuel mining, to make one."

 

[Nathan 88]

There’s no doubt that EV’s are going to dominate the market in the coming years.
However, I think I will wait till more of the kinks are worked out, such as battery quality and quicker charging stations.

 

[kona]

One thing the owners of electric vehicles don't tell ya is all the issues they're having because they're simply embarrassed. You find out once you join the club.

A friend owns a Tesla Model Y. Once his lease is up, he's done with electrics. Range of electric vehicles during a winter is a joke. It seems that nearly every day owners are gambling whether or not they'll get stranded somewhere. A few times my buddy was stranded and had to Uber home. Add that to the expense list of owning an electric vehicle. Glorified golf carts.

Wow, exaggerate much? I have been driving a MYLR for years and yet to feeling like I am “gambling”. I drive from cottage country every week into the city for work. Over 200km each way and in the summer it takes 36% and winter it takes 42% each way. I can make it into the city and back on one charge in winter if I charge to 100%. I fully expected to have to charge in Barrie, but never needed to yet. Your friend is a moron.

 

[squeezer]

Wow, exaggerate much? I have been driving a MYLR for years and yet to feeling like I am “gambling”. I drive from cottage country every week into the city for work. Over 200km each way and in the summer it takes 36% and winter it takes 42% each way. I can make it into the city and back on one charge in winter if I charge to 100%. I fully expected to have to charge in Barrie, but never needed to yet. Your friend is a moron.

Good to hear from folks who have one instead of the 'i have a friend " which is probably a Facebook "friend". LOL

 

[Jubee]

Good to hear from folks who have one instead of the 'i have a friend " which is probably a Facebook "friend". LOL

People do have friends. You should go out and get some.