Tesla values

[creaturecat]

........ values dropping like a rock
almost giving them away.
a used Chevy Bolt is now more expensive -in Vancouver.

what happened?
non-PARF responses only, svp.

[speeder]

Because suddenly the people who have always bought them no longer want them and are off-loading them? Just spit-balling here.

[creaturecat]

kid down the street referred to them as Hesslas.
........ whatever that means.

[aschen]

More competitors in the space, they lowered msrp, low gas prices, general cooling of public sentiment for EV........

Can get a few year old model S plaid with good range and a sub 10 second 1/4 mile for less than 50k these days. Not for me but a hell of a performance bargain if you live your life 1/4 at a time, and a pretty nice car as well.

[MikeSid]

Among "status" EVs, Rivian is now the flavor of the month. Every mid-level manager or bank VP has a Tesla. Outside of the Cyber Truck, the brand has lost the cache upon which it formerly traded.

[Starless]

Is it just me or has the design not changed over the years?

[David Inc.]

Teslas have always been attractive because of the charging network and the hype around Musk. Musk is now aggravating the typical EV buyer, and other OEMs are gaining access to the network.

[wdfifteen]

Originally Posted by creaturecat

........ values dropping like a rock
almost giving them away.
a used Chevy Bolt is now more expensive -in Vancouver.

what happened?
non-PARF responses only, svp.

Repair costs. Replacement parts are ridiculously expensive, and Tesla, like John Deere, has a "no right to repair" policy. If it needs to be fixed, Tesla makes it so no one but a Tesla tech can do it. Basically, you pay for the car, but you really only have a license to use it as proscribed by Tesla.

[David Inc.]

Originally Posted by wdfifteen

Repair costs. Replacement parts are ridiculously expensive, and Tesla, like John Deere, has a "no right to repair" policy. If it needs to be fixed, Tesla makes it so no one but a Tesla tech can do it. Basically, you pay for the car, but you really only have a license to use it as proscribed by Tesla.

Reminds me--someone was doing a repair on a "totaled" Tesla, basically stripping the controls and rebuilding them (or something, I don't recall the details), at one point he called Tesla to order wheel stud lugs. They asked what for what purposes he needed them and needed an answer before continuing with a sale. Now that's customer service!

[wdfifteen]

^^
I can't find the radio show. I think it was Terri Gross's Fresh Air, that interviewed that guy. He is an auto repair podcaster. It was hilarious!!

[speeder]

Originally Posted by wdfifteen

^^
I can't find the radio show. I think it was Terri Gross's Fresh Air, that interviewed that guy. He is an auto repair podcaster. It was hilarious!!

Not to sidetrack but she is possibly the best interviewer on the planet and almost no one says no to her because of it. People who never do interviews in general go on her show. She even got Doris Day, over the phone. Just brilliant.++

Carry on.

[dad911]

The real answer is parfy. My brother in laws wife has been pushing him to get rid of his (despite the loss) due to politics.

[pmax]

[onewhippedpuppy]

The market for Teslas have been in the tank for at least a year, it’s not politics. It’s also not just Teslas, both new and used EV sales have tanked. Resale values have crashed, manufacturers are cancelling or delaying planned new models, and there are big incentives to be had for EVs sitting on the lot. I don’t recall the exact numbers but the majority of first time EV buyers are going back to ICE or hybrids and demand looks to have plateaued. Tesla is a lightning rod for a number of reasons, but it’s not just a Tesla issue.

[Sooner or later]

Competition from nearly every manufacturer has impacted Tesla sales. No major models revisions that I know of has also put pressure on Tesla.

Overall, the US ev market continues to grow, though at a slower pace.

https://www.coxautoinc.com/market-insights/q4-2024-ev-sales/#:~:text=In%202024%2C%20full%2Dyear%20EV,federal%2 0and%20state%20incentive%20programs.

Electric Vehicle Sales Jump Higher in Q4, Pushing U.S. Sales to a Record 1.3 Million

Overall, EV sales in the U.S. continue to grow, with more than 2.5 million EVs sold in the past 48 months. In the latest analysis, sales in 2023 were revised upward to 1,212,758 units, a 49% gain from 2022. Sales in 2024 (1,301,411) were higher by 7.3% and accounted for 8.1% of total sales, up from 7.8% share in 2023. While the rate of growth has slowed, volume continues to expand. In the second half of 2024, more than 700,000 EVs were sold, accounting for 8.7% of total new-vehicle sales.

[onewhippedpuppy]

Sales of EVs grew 49% in 2023 but 7.3% in 2024. There are multiple surveys out there from the last two years, but somewhere in the neighborhood of 50% of current EV buyers said they would buy an EV for their next car. Oddly enough for this thread, 67% of current Tesla owners said they would buy another EV, much higher than the average for other EV owners.

[Tobra]

They push those electric cars pretty hard.

Mostly, people are not interested in electric cars.

[creaturecat]

EV sales are skyrocketing world-wide.
it's an indisputable fact.

[creaturecat]

[creaturecat]

production doesn't necessarily mean sales. however - sales are never higher than production.