Sixt SE is phasing out Tesla Inc. electric cars from its fleet after the manufacturer’s heavy price cuts hurt residual values at Europe’s biggest car-rental company. Higher repair costs for electric cars compared to combustion vehicles are compounding the issues with lower resale values, Sixt said in an email to customers seen by Bloomberg News. The company still plans to electrify as much as 90% of its fleet in Europe by the end of the decade, according to a spokesperson. Tesla’s aggressive price cuts have put EV makers globally under pressure as the US company seeks to maintain dominance in a growing field of competitors. Hertz Global Holdings Inc. in October said Tesla’s price drops have lowered resale values of EVs by one third. https://www.bloomberg.com/news/arti...l-car-fleet-on-poor-resale-value?srnd=premium Not only gets Tesla the finest treatment by extremely cheap Chinese producers, but Europe´s largest Rental Car Fleet shows Tesla the middle finger. $759 Billion market cap?Not even half of that is justified.
The last thing I want when flying into a new city is to have to spend time looking for and waiting at EV chargers. I'm there to work. I don't have time for fake green nonsense.
<snip> from web "This is a Tesla model Y battery. It takes up all of the space under the passenger compartment of the car. To manufacture it you need: --12 tons of rock for Lithium (can also be extracted from sea water) -- 5 tons of cobalt minerals (Most cobalt is made as a byproduct of the processing of copper and nickel ores. It is the most difficult material to obtain for a battery and the most expensive.) -- 3 tons nickel ore -- 12 tons of copper ore You must move 250 tons of soil to obtain: -- 26.5 pounds of Lithium -- 30 pounds of nickel -- 48.5 pounds of manganese -- 15 pounds of cobalt To manufacture the battery also requires: -- 441 pounds of aluminum, steel and/or plastic -- 112 pounds of graphite The Caterpillar 994A is used for the earthmoving to obtain the essential minerals. It consumes 264 gallons of diesel in 12 hours. Finally you get a “zero emissions” car. Presently, the bulk of the necessary minerals for manufacturing the batteries come from China or Africa. Much of the labor for getting the minerals in Africa is done by children! If we buy electric cars, it's China who profits most! BTW, this 2021 Tesla Model Y OEM battery (the cheapest Tesla battery) is currently for sale on the Internet for $4,999 not including shipping or installation. The battery weighs 1,000 pounds (you can imagine the shipping cost). The cost of Tesla batteries is: Model 3 -- $14,000+ (Car MSRP $38,990) Model Y -- $5,000–$5,500 (Car MSRP $47,740) Model S -- $13,000–$20,000 (Car MSRP $74,990) Model X -- $13,000+ (Car MSRP $79,990) It takes SEVEN years for an electric car to reach net-zero CO2. The life expectancy of the batteries is 10 years (average). Only in the last three years do you begin to reduce your carbon footprint. Then the batteries have to be replaced and you lose all the gains you made in those three years."
I should buy a Model Y, replacement battery costs only $5,000, about the same as replacing the ICE engine.
Tesla valuation is ridiculous, but so are so Many assets currently. When the reset will happen it will be very interesting.
Funny how many Tesla fanboys were cheering that electric cars will have low maintenance costs due to fewer moving parts. I'm a fan of electric vehicles but those without batteries like trolleybuses and trams. They're a great inventions and underrated. Many idiots in power even phased them out and replaced with dirty diesel buses.
Bummed that Twitter changed the ability to share content.. so lame https://x.com/cybrtrkguy/status/1731658374775771297?s=46&t=RtbvMjSZB-E4IMCIlJrlWA You know how cars have huge wiring harnesses? That's because each component needs its own set of wires, connected to the central ECUs, in order to function. Every speaker, every switch, every sensor, every actuator, every button. Tesla threw out that entire system for Cybertruck. Instead, they're running gigabit ethernet cabling with a 48v power + data CAN bus to every component— all on the same cable. Instead of running one wiring harness to the driver door speaker, and another to the driver's door window motor, they can daisy-chain them together on the same self-contained cable interface. Your computer could connect to your door handle using the *same* wire that's already been through your speaker, window, ambient lights, and steering wheel. Each of those devices/components listen to the continuous stream of data for a command relevant to its operation. By doing this,Tesla was able to reduce the total wiring in the Cybertruck by 77%, using 1/2 the copper. Don't sleep on Tesla.
%% PE of 68 sounds about right; i consider TSLA more of a tech co that auto co, so sounds about right for non union tech + 4% debt........................................................... Tel me /ever seen steel + chrome fly?? Beep beep/ by by ....got a semi. keith H...Got a SemiSong