All EV family. Comparing Mini to others (Tesla)

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Hard to say, some used models are in the sub $21,000USD range as certified pre-owned. One year old used vehicles in QC also get a $2,500USD ($3,500CAD) rebate so it will bring it down to sub $20k USD.
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The point is, if you buy a Tesla and then sell it in 3 years, you will most likely lose a lot more money than if you do the same with a Mini. Teslas are dropping in value quickly.
 
I actually rented it for the week from Avis. Model 3 LR. We are waiting for the Highland before anything is bought or a used LR via auction.

Did some filming with it. Lovely to drive but getting back into the Mini. The interior just feels so much nicer including the seats
 
JonR said:
Speaking of renting a Tesla, Hertz has begun reducing their fleet of Teslas because the resale value has been hurt with the recent price drops and higher than expected repair costs.

https://www.cnbc.com/2023/10/26/her...ans-citing-tesla-price-cuts-repair-costs.html

More and more evidence that now is the worst time to buy a Tesla but maybe it will be a good purchase for one of the big three.
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This logic that the big 3 will buy Tesla is hilarious. Tesla can turn around and buy all 3 of them. GM and Ford have no interest in EVs while Stelantis will be gobbled up before the decade is out. GM and Ford are a mess

What’s hurt Hertz is they have been having to dump EV prices then when they show up damaged the unit is out of service for awhile as parts take ages to arrive . Used car prices are coming down in general , turns out almost 10% rates will do that. Hertz likely made their resale estimate on forecasted market staying high. All this means is those units will stay in the fleet longer

To sit there thinking Tesla is bankrupt is hilarious
 
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There's some real truth to that. According to some figures, the market capitalization of those companies is estimated to be:
  • Ford ~$143 billion
  • GM ~$121 billion
  • Stellantis ~$55 billion
All three of those add up to $319 billion which pales in comparison to Tesla valued at ~$641 billion. Unfortunately Tesla only keeps $15.9 billion as cash on hand so it would be difficult for any merger/acquisition between those organizations. Alternatively, Elon could sell his entire 20.6% stake in Tesla (715,022,706 of 3,163,685,267 Tesla shares) in his revocable trust and hopefully receive $148.2 billion back in cash. That would almost be enough to get 51% controlling stake in all three companies!
 
teslarati97 said:
There's some real truth to that. According to some figures, the market capitalization of those companies is estimated to be:
  • Ford ~$143 billion
  • GM ~$121 billion
  • Stellantis ~$55 billion
All three of those add up to $319 billion which pales in comparison to Tesla valued at ~$641 billion. Unfortunately Tesla only keeps $15.9 billion as cash on hand so it would be difficult for any merger/acquisition between those organizations. Alternatively, Elon could sell his entire 20.6% stake in Tesla (715,022,706 of 3,163,685,267 Tesla shares) in his revocable trust and hopefully receive $148.2 billion back in cash. That would almost be enough to get 51% controlling stake in all three companies!
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Tesla wouldn’t be able to thrive in any of those big two environments. Sorry but Chrysler is a complete joke and isn’t even in the circle anymore.

There are very few if any companies on earth that can purchase Tesla.
 
MrSnrub said:
Tesla wouldn’t be able to thrive in any of those big two environments. Sorry but Chrysler is a complete joke and isn’t even in the circle anymore.

There are very few if any companies on earth that can purchase Tesla.
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A lot of investors think Tesla's value will keep on dropping.
https://finance.yahoo.com/news/tesla-most-shorted-stock-market-230020496.html

They have really screwed up with their pricing. Instead of adding a new model like the Chevy Bolt or even the SE for the lower price segments, they lowered the prices for their existing cars which screwed up so many things. It hurts existing owners and lease residuals. For investors, it lowers their margins which means net income will be coming down.

The market niche has always been eco-minded people with money that commute to work. So in other words, moderates and liberals in cities and suburbs. With Musk basically doing everything possible to alienate this demographic, the number of buyers are shrinking. It now has to be eco-minded people with money in cities and suburbs that don't care about politics or people that prefer the performance of the car and again, aren't political. I guess there is a small right leaning group that are buying the car because of Musk but I still think they would rather buy a truck.

Unless they get rid of Musk, it is just a matter of time before Tesla will be in real trouble.
 
Guess what? Their market was always going to shrink as other manufacturers came out with their own cars. Tesla started a price war that if anything hurt their existing owners but really hurt other manufacturers. Going to volume vs market share and profit per unit. They have Model 3 costs down to an art now. Tesla also owns all the “gas stations”

The days of the “eco minded” first adopters are over and now the market has shifted to regular people. Is Musk costing Tesla sales? Maybe but it could also be that American protectionism is hurting the EV transition overall.

Smaller cars never made money in the USA and cars like the SE are niche. The Bolt is GMs best product in decades and they axed it. Even Europe is starting to lean towards larger cars

if you want something cheaper and lower end Vinfast is there. Car market in general is starting to hurt its rates at 10%, EV market is cooling as price of oil/gas is coming down and rebate schemes are drying up. One theory I have is there are many people waiting for the NACS switch


Ask yourself this. If it wasn’t for Pick up trucks what product would GM or Ford actually have?
 
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Too many buyers (especially in the US) are more interested in behemoth status vehicles that are underused. I'm waiting for Musk to find another toy to play with and discard.
 
MrSnrub said:
Ask yourself this. If it wasn’t for Pick up trucks what product would GM or Ford actually have?
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Ford has the Mach-E made from Chinese components assembled in Mexico as well as a very large commercial fleet division that will sell chassis for upfitting (all the way up to F750). GM has a Cruise robotaxi division that won't drag an undercarriage pedestrian beyond 20 feet.

Aside from that there are their financing divisions and OEM parts like Ford Motorcraft or GM ACDelco.
 
CuriousGeorge said:
LOL!

(I wonder how far a human driver would have gone? Even at, say, 20 mph, 20 ft is still well under 1 s.)
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Well in fairness the woman was launched from a separate human driven vehicle and rolled off the windshield and into the path of the Cruise vehicle. From there the robotaxi braked and tried to pull over (~7mph and slower) but dragged the woman underneath the vehicle. First responders used the jaws of life to free her from the rear section as I believe the robotaxi drove over her as well.
 
teslarati97 said:
Aside from that there are their financing divisions and OEM parts like Ford Motorcraft or GM ACDelco.
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Airlines are basically credit card companies that happen to fly people places. We expecting to reap $2B profit off our Amex products in FY23, more than most other airlines profit from flying.
 
SameGuy said:
Airlines are basically credit card companies that happen to fly people places. We expecting to reap $2B profit off our Amex products in FY23, more than most other airlines profit from flying.
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The loyalty programs are worth more than the damn airlines!
 
SameGuy said:
That's mostly true! But in my employer's case, the credit cards themselves are an outright gold mine.

https://www.theatlantic.com/ideas/archive/2023/09/airlines-banks-mileage-programs/675374/
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We have started to redeem our various points on actual flights. Sitting on them just means they get devalued as redemption rates go up. There is no point keeping them for a rainy day. Our recent trip to Scotland was via pts 225k Aeroplan pts and 800$ for business class return for 2. Amex transfers 1-1 to Aeroplan so didn’t really touch many AP points

Bonus the DC-9 still lives on and AirTran given the registration
IMG_2627.webp
 
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