Opportunists are flipping Teslas for profits of up to $7,000 as EV production struggles to meet demand, report says
Manufacturers have been struggling to keep up with the surging demand for electric cars, leading buyers to look elsewhere.
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This has been true of certain higher end cars for decades. People with good relationships with dealers purchase the car at or near MSRP, hold it a month or two, then resell it for thousands, even in some cases, hundreds of thousands, more. All because supply was carefully and intentionally limited.![]()
Opportunists are flipping Teslas for profits of up to $7,000 as EV production struggles to meet demand, report says
Manufacturers have been struggling to keep up with the surging demand for electric cars, leading buyers to look elsewhere.www.businessinsider.com
I was looking into getting a hybrid but for me one of the big selling points for an EV is the lack of routine maintenance.I agree with this idea. But the EV purists will smite thee with extreme anger.
Best of both worlds also = worst of both worlds.I was looking into getting a hybrid but for me one of the big selling points for an EV is the lack of routine maintenance.
It depends on your circumstances. For my specific needs it is the best of both worlds. As for maintenance: Volvo provides 3 years full maintenance and a 4 year warranty. I also got 4 years of " consumables" wipers, brakes, rotars etc. After 4 years hopefully there will be reasonably priced EVs that can go 500+ miles on a charge. Also hopefully by then the charging infrastructure will be in better shape then it is now. The full 7500 tax credit eliminated most of the price differential between the PHEV and regular version of the same car.Best of both worlds also = worst of both worlds.
The Shanghai lockdown not only crippled Shanghai production, but much of the tooling needed for the Berlin and Austin ramp was stuck, sitting in the Shanghai port.Tesla should be printing best ever ever month and every quarter because they are starting at such a low number. Also why this Q is such a disappointment, but understandable given all the circumstances.
It’s across the industry. Tesla is in the same boat as the legacy auto makers. Need to unlock the part shortage to see what’s what. It only took 12 months for my ID 4 to be deliver.The Shanghai lockdown not only crippled Shanghai production, but much of the tooling needed for the Berlin and Austin ramp was stuck, sitting in the Shanghai port.
Shanghai and Berlin will both be halting production this month for a few weeks for retooling, expansion, and adding shifts. Another positive sign. Tesla would not be pausing production if the supply chain was not set up to support expansion.
Have you been driving the ID4, and sorry if I missed is (or SIAP was the friendly acronym says), how is the driving experience?It’s across the industry. Tesla is in the same boat as the legacy auto makers. Need to unlock the part shortage to see what’s what. It only took 12 months for my ID 4 to be deliver.
Picking it up Saturday. It’s for my daughter but will drive it until she gets her license. I test drove it once. It’s more of a practical car than sporty.Have you been driving the ID4, and sorry if I missed is (or SIAP was the friendly acronym says), how is the driving experience?
Don't be so sure.This seems wise. Although I would think most first responder organizations are, by now, already doing training for the differences between handling EV and ICE accidents.
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GM Expands EV Emergency Training for First Responders
Education about electric-car accidents and how to manage them could also be helpful to you as an EV owner. Fortunately, there are useful guides that anyone can get.www.autoweek.com
Seems to me that the best use-cases for EVs are for practicality over sportiness. At least until such time as manufacturers decide to completely stop making non-EVs.Picking it up Saturday. It’s for my daughter but will drive it until she gets her license. I test drove it once. It’s more of a practical car than sporty.
Can't hurt to have as much training as possible. Even with hybrids, let alone EVs, the possibility of nasty electric shock is always present after an accident.Don't be so sure.
And it is always helpful to have the perspective of the manufacturer/source. Such as training with NJTransit on train fires, or the gas company on large gas leaks.
Nice looking vehicle being held back by a couple of quirks (of course, in my opinion):Speaking of Rivian, this is quite a favorable review for the R1S, for the most part:
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The 2022 Rivian R1S Is the Rightful Heir to the Land Cruiser Throne
Understated, powerful and utterly capable off-road, Rivian's three-row electric SUV is a luxurious way to get off the beaten path.jalopnik.com
While I think the lack of AA and CP is dumb, it‘s not really dumb at nearly the same level as a yoke on road-going vehicles. In the first case, it’s dumb from a marketing standpoint and it’s perhaps inconvenient to potential customers.Nice looking vehicle being held back by a couple of quirks (of course, in my opinion):
"The wide light bar and big oval eyes let onlookers know this is something new and different." IMO, those "eyes" would look so much better if they were rotated 90 degrees.
And this is just stupid. It may be the equivalent of Tesla's yoke:
"For starters, there’s no CarPlay or Android Auto to be found. Rivian representatives told me the company doesn’t want to cede any ground to third-party engineering, preferring to maintain control over every aspect of the user experience."
Those two are deal killers for me. Your (EV) mileage may vary.
As I typed my post, I thought you would turn this into the yoke is worse discussion. 😜 But I have to admit, I agree with you.While I think the lack of AA and CP is dumb, it‘s not really dumb at nearly the same level as a yoke on road-going vehicles. In the first case, it’s dumb from a marketing standpoint and it’s perhaps inconvenient to potential customers.
In the case of the yoke, it‘s dangerous in tight cornering, a less safe design from an engineering standpoint.
I agree with this idea. But the EV purists will smite thee with extreme anger.
I confess that any mention of a yoke in road cars does trigger me rather easily. 😀As I typed my post, I thought you would turn this into the yoke is worse discussion. 😜 But I have to admit, I agree with you.
The moderate answer is most often the correct answer and hybrids are a moderate answer, IMO.Such a weird take from that crew. It's clear the world needs phevs right now, especially when you consider uses like carrying/towing heavy loads, RVs, extreme weather, etc. Sdw illustrates a perfect example of how they can be the best all around option.
How do you feel about egg yokes? 😏 I prefer them over egg whites, but let's not get racial.I confess that any mention of a yoke in road cars does trigger me rather easily. 😀
At least I kept my rant short.
If one eats too many egg yolks, does one become yellow-bellied?How do you feel about egg yokes? 😏 I prefer them over egg whites, but let's not get racial.
Also wondering why the large majority of emojis out there have the hue of an egg yolk? 🤷♂️If one eats too many egg yolks, does one become yellow-bellied?
Perhaps they wanted to make the emojis look just like regular yokes.Also wondering why the large majority of emojis out there have the hue of an egg yolk? 🤷♂️
The yoke is really, really dumb.As I typed my post, I thought you would turn this into the yoke is worse discussion. 😜 But I have to admit, I agree with you.
You're a little confused.Question for the EV owners (none Tesla). Did you purchase a J1172 adapter so you can use Tesla charging station?
I must be. Was watching YouTube and ID4 owners are using Tesla chargers with a J1172 adapter. Maybe it was only overseas.You're a little confused.
Tesla owners have the J1172 adapter so they can use non Tesla chargers.
Currently in the US, only Tesla owners can use Tesla chargers.
You got a link for that? NVM (that's "Never mind"😁), here it is.hearing Ford will lose the Federal tax incentive by Q3 or Q4. Will have to reconsider the F150 Lighting order.
Here you go, it does not expire the moment when 200,000 is hit,but the second quarter AFTER the quarter in which a particular manufacturer reaches a total of 200,000 vehicles:You got a link for that? NVM (that's "Never mind"😁), here it is.
What a stupid law. They should limit it to zero emissions EVs.
Not sure about the accuracy of this comment under the linked post below:
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devroot
July 7, 2022 at 11:12 AM
If Ford hits the 200K trigger this quarter, the full value of the credit is still available until December 31st, 2022. Which is exactly what Jim Farley said was going to happen. This is hardly unexpected.
And to be clear here, GM and Tesla vehicles don’t qualify for any level of tax credit. Toyota’s credit gets cut in half on October 1st, and Ford’s will be cut in half on January 1st, 2023, assuming that they hit 200K this quarter. There’s a chance it may slip to Q4, in which case the full value of the credit is still available in Q1 of 2023. Which is inline with what Jim Farley said."
Actually, NM is never mind. Still much to learn 😀.You got a link for that? NVM (that's "Never mind"😁), here it is.
What a stupid law. They should limit it to zero emissions EVs.
Not sure about the accuracy of this comment under the linked post below:
"
devroot
July 7, 2022 at 11:12 AM
If Ford hits the 200K trigger this quarter, the full value of the credit is still available until December 31st, 2022. Which is exactly what Jim Farley said was going to happen. This is hardly unexpected.
And to be clear here, GM and Tesla vehicles don’t qualify for any level of tax credit. Toyota’s credit gets cut in half on October 1st, and Ford’s will be cut in half on January 1st, 2023, assuming that they hit 200K this quarter. There’s a chance it may slip to Q4, in which case the full value of the credit is still available in Q1 of 2023. Which is inline with what Jim Farley said."
That phase out resulted in a mad rush by Tesla manufacturing and centers for Model 3s to be delivered before the phase out began. Hopefully, Ford will up their production/delivery game the same way to reward the loyalty and patience of those hanging in there for their first authentic EV effort.Here you go, it does not expire the moment when 200,000 is hit,but the second quarter AFTER the quarter in which a particular manufacturer reaches a total of 200,000 vehicles:
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The federal tax credit is phased out over time beginning the second quarter AFTER the quarter in which a manufacturer reaches a total of 200,000 BEV or PHEV vehicles sold since 2010. Here is how the phase out works:
This thread could use a Minister of Disinformation.
- The full amount of the EV qualifying tax credit is in place DURING the entire calendar quarter in which 200,000 EVs are sold by a manufacturer, AND through the subsequent quarter.
- Then the tax credit amount is reduced by 50% for the next 2 quarters.
- The credit is reduced again to 25% of the original amount for the subsequent 2 quarters.
- At that point the credit expires completely."
Just to be clear, high speed DC fast charging on a Tesla supercharger is only available for Teslas in N America. No adapters exist in N America for non Teslas for high speed charging.I must be. Was watching YouTube and ID4 owners are using Tesla chargers with a J1172 adapter. Maybe it was only overseas.