https://electrek.co/2023/10/17/half...vehicle-not-counting-you-tesla-drivers-study/ Half of EV owners will go back to an ICE vehicle (not counting you, Tesla drivers) Jennifer Mossalgue | Oct 17 2023 - 6:05 am PT In a seemingly bizarre yet tragic twist, a new study says that EV owners are a fickle bunch. After purchasing an electric vehicle, half of EV owners go back to ICE vehicles as either a replacement car or a second vehicle – all with the exception of Tesla owners, who are (no surprise) notorious for their fierce brand loyalty. A new study from S&P Global Mobility revealed that EV owners switching back to ICE vehicles had three classic arguments: pricing, infrastructure, and range anxiety, and other consumers just felt better having an ICE or hybrid vehicle in the garage as a backup plan. The study looked at data from this year through July on a slew of major brands, with Nissan coming in strong in loyalty to EVs at 63.2%, followed by Chevrolet at 60.6%. Looking at the data on individual models, 37.3% of Ford Mustang Mach-E owners bought another EV, versus 45.8% opting for an ICE vehicle, with a large number of buyers transitioning from a Ford truck or SUV in both ICE and hybrid powertrains. By contrast, of the Nissan Leaf owners who bought another EV, the most popular next purchase was a Tesla Model Y at 14.3%, followed by another Leaf at 12.4%. The Chevrolet Bolt also kept a majority of owners – 60.7% – in EVs, with 28.8% getting another Bolt. Like the Mach-E with Ford, the Bolt saw ICE households switch to Chevrolet SUVs and trucks. What about luxury brands? Data showed that 56.6% of Mercedes-Benz EV buyers stick with the EV lifestyle, a huge jump from 24.3% in Q2 2020. Jaguar EV loyalty also increased from 25% to 56.5%, Audi was up from 25.5% to 50.1%, and Porsche saw a bump from 23.3% to 36.8%. Tesla, the market leader, saw an increase in EV loyalty from 51.8% to 76.7%. Electrek’s Take What this basically boils down to is that legacy ICE automakers are feeling the heat – Tesla is picking off the competition with its high volumes of quality EVs, keeping consumers loyal to their brand and to the electrified future. Meanwhile, legacy brands are busy playing catch up, struggling to keep consumers interested. The data, however, does shed some light on work that still needs to be done in keeping consumers on the grid and not reverting back to fossil fuels. “The OEMs are spending huge amounts of money to develop EVs,” associate director for loyalty solutions and industry analysis at S&P Global Mobility, Tom Libby said. “So the last thing they want is for an EV owner to go back to ICE.”
Vic did you buy any calls or puts? I have some TSLL at $6 from the $101.00 drop. It’s not hurting anything just sitting in my account.
Assault with battery? I'd guess the battery compartment had a leak when they drove through some standing water. https://www.edinburghlive.co.uk/news/edinburgh-news/edinburgh-couple-fume-handed-17k-27906242
Tesla reported adjusted earnings of 66 cents per share versus 73 cents expected. Total operating margin came in at 7.6%, down significantly from the year-ago quarter’s figure of 17.2%. https://www.cnbc.com/2023/10/18/tesla-tsla-earnings-q3-2023.html Sell Tesla, buy Porsche! The Cayenne Turbo S E-Hybrid and the Cayenne Turbo S E-Hybrid Coupé draw their system output of 500 kW (680 PS; Cayenne Turbo S E-Hybrid: Fuel consumption combined 3.9–3.7 l/100 km, electricity consumption 19.6–18.7 kWh/100 km, CO2 emissions combined 90–85 g/km; Cayenne Turbo S E-Hybrid Coupé: Fuel consumption combined 3.9–3.7 l/100 km, electricity consumption 19.6–18.7 kWh/100 km, CO2 emissions combined 90–85 g/km) from the intelligent interaction of a four-litre V8 engine (404 kW/550 PS) and an electric motor integrated into the eight-speed Tiptronic S transmission (100 kW/136 PS). The maximum system torque of 900 Nm is available from just above idle. Both models accelerate from a standing start to 100 km/h in 3.8 seconds and reach a top speed of 295 km/h. This exceptional performance is matched by a high level of efficiency: the Cayenne Turbo S E-Hybrid and Turbo S E-Hybrid Coupé can drive for up to 40 kilometres with zero local emissions. The average NEDC consumption is 3.9–3.7 l/100 km (fuel) and 19.6–18.7 kWh/100 km (electric). In addition to the two top models, the hybrid range from Porsche now includes the new Cayenne E-Hybrid Coupé with system power of 340 kW (462 PS; Fuel consumption combined 3.2–3.1 l/100 km, electricity consumption 18.7–17.7 kWh/100 km, CO2 emissions combined 75–72 g/km), torque of 700 Nm, and electric range of up to 43 kilometres. The Cayenne E-Hybrid, which now features a gasoline particulate filter, is available to order again.
It would have been piling on if I had posted earlier a Yahoo story from this morning about investors expectations for this after market close release - which was kinda accurate if I do say so myself. But ..... everyone "knows" Yahoo/CNBC/Bloomberg/AP/Aunt Mabel all have an TSLA axe to grind. Can't be trusted. Harump, harump. What'd ya mean earnings are down, but they're still green. What'd ya mean margins are down, they're still on the plus side. What sales are down, still sold more than blah, blah, blah. Sub $250, appears to be heading back to $220-200 support zone.
Yes, as union shops they do have an axe to grind. I wish they'd just report instead of spin, but it is what it is. Can't wait for TSLA to drop to sub 230, it's an opportunity. Can't wait to hear GM Q3 report.. oh , wait that's right...
Yea, so now its about other automakers huh. Union hurump, hurump whatever you have to tell sell yourself. And just like a newb .... waiting for it to go down (hey its on sale), instead of up to buy showing strength. Haha