You're Being Lied to About Electric Cars

[HitchHiker71]

Yes, I may genuinely dislike the design of the CT, but the engineering is remarkable.

I’m with you. I like the look of the CT from certain angles, but really dislike it from other angles. I’d have to wrap the entire vehicle to make it remotely acceptable looks-wise if I were to ever consider getting one - which only serves to increase the overall cost as an entire vehicle wrap is not cheap.


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[joestein]

Interesting how Lexus is handling it.

The 2024 NX450h+ has $9500 lease cash available on it. The 2025 has $7500. But, only when leasing a new NX.
the 2025 RX450h+ has the $7500 lease cash available.

So there is obviously a transferable lease credit available on those two models.

too bad not on buying.

 

[Greg G]

Interesting how Lexus is handling it.

The 2024 NX450h+ has $9500 lease cash available on it. The 2025 has $7500. But, only when leasing a new NX.
the 2025 RX450h+ has the $7500 lease cash available.

So there is obviously a transferable lease credit available on those two models.

too bad not on buying.

You can probably use the "lease and immediate buyout method" to capture around $6500 of that $7500 lease cash to buy the vehicle. This is where you lease and then turn around and immediately buyout the vehicle within a month. I did this for my Rav4 Prime purchase. https://www.reddit.com/r/LexusNX/comments/1ce01x7
As always the look over the lease contract to verify there is no penalty for early purchase.

 

[easyrider]

Don't watch the news Bill?



Tesla cybertruck actually saved lives!
(according to Emo)


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meanwhile ....

View attachment 104066

https://finance.yahoo.com/video/chinas-byd-sells-over-500k-150001986.html

I'm in Mexico and didn't bring a laptop this trip so it's the samsung which is great for music, ok for the forums but not so good as a tablet. The tv has a mix of Mexican, American and other language tv channels and I did see a headline with a Cyber Truck explosion. I had thought it was just a random ev fire but have since viewed a news clip off the Canadian news that it wasn't an accident.

It's kind of interesting that the Cyber Truck could contain such a blast.

Bill

 

[easyrider]

You can probably use the "lease and immediate buyout method" to capture around $6500 of that $7500 lease cash to buy the vehicle. This is where you lease and then turn around and immediately buyout the vehicle within a month. I did this for my Rav4 Prime purchase. https://www.reddit.com/r/LexusNX/comments/1ce01x7
As always the look over the lease contract to verify there is no penalty for early purchase.

This work around is good to know. Did you have to tell the dealer your plan to cash out the lease before doing this ?

Bill

 

[Greg G]

This work around is good to know. Did you have to tell the dealer your plan to cash out the lease before doing this ?

No. In general you don't want to tell the dealer you are going to do this as this may affect your negotiations toward other added discounts, plus it's possible they may be less inclined to lease it to you. I believe, but am not certain, there is some amount of time the lease must be held for dealers to get a portion of the monthly rent charge from the lease company. Although some dealers know people are going to do this and don't mind. There are many, many post on this on the internet.

Many dealers will also tell you that you must make a few monthly payments before buying out, but this in general is not true unless the lease contract explicitly states this (which generally they do not, and all explicitly state how the early buyout amount is calculated). As always it's what the lease contract states so always look over that before signing. Many of these standard lease contracts are posted on the internet to you can get an idea of what to expect and asks questions if something doesn't match these, before signing anything.

One thing that can affect the type of lease you get is if the state you reside in basically double sales taxes the lease (i.e. either sales tax paid upfront on the total of all monthly payments in the term and then again on the buyout price at buyout, or sales tax paid upfront on the full price of the car and then again on the buyout price) In those cases using what is called a "One Pay Lease" can either completely eliminate this double sales tax (if on the total of all monthly payments upfront and then again on buyout price), or partially eliminate it (if sales tax is paid upfront on the full sales price and then again on the buyout price).
If the state does not double sales tax then a standard lease is the way to go (where you make monthly payments and the monthly payments have sales tax added on to each payment).

 

[Ken555]

It's kind of interesting that the Cyber Truck could contain such a blast.

I've read reports this morning that experts are now suggesting that the reason the blast was "contained" was not because of the CT itself but rather the type of explosives. I'm sure we'll learn more shortly.

 

[PigsDad]

Ford and General Motors Report a Sales Surge, Especially for E.V.s​

Ford and General Motors Report a Sales Surge, Especially for E.V.s

The two big automakers said 2024 sales were up by 4 percent thanks to big increases in the final quarter.

www.nytimes.com

Kurt

 

[easyrider]

I've read reports this morning that experts are now suggesting that the reason the blast was "contained" was not because of the CT itself but rather the type of explosives. I'm sure we'll learn more shortly.

I thought it was the battery from what I could see on the Candian news. They showed no damage to the building and the use of the ev blanket fire suppression device on the Cyber Truck.

Bill

 

[Brett]

I thought it was the battery from what I could see on the Candian news. They showed no damage to the building and the use of the ev blanket fire suppression device on the Cyber Truck.

Bill

sure, blame it on the crazy "Canucks" up north
Just be very careful what you say about our Billionaire leaders - - or their products
.

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https://www.the-independent.com/news/world/americas/musk-media-lawsuits-cybertruck-b2673048.html

 

[DrQ]

I've read reports this morning that experts are now suggesting that the reason the blast was "contained" was not because of the CT itself but rather the type of explosives. I'm sure we'll learn more shortly.

Both the vehicles used in the attacks were leased via Turo, a Vrbo style car rental app, the owners of the cars are probably in for a nasty surprise. Unless they have commercial insurance on those vehicles, their claims will most likely be denied. In the case of New Orleans, the victims and their families can turn around and sue the owner of the vehicle and they probably will not have protection even if they have an umbrella policy.

At the best, they will probably not be reimbursed for the loss of their vehicles.

 

[Ken555]

Both the vehicles used in the attacks were leased via Turo, a Vrbo style car rental app, the owners of the cars are probably in for a nasty surprise. Unless they have commercial insurance on those vehicles, their claims will most likely be denied. In the case of New Orleans, the victims and their families can turn around and sue the owner of the vehicle and they probably will not have protection even if they have an umbrella policy.

At the best, they will probably not be reimbursed for the loss of their vehicles.

Yeah, I've been waiting to read info on that aspect of these incidents. There is insufficient info at Turo's site to reach any conclusion on coverage; more info:

Protection plans – In detail | US hosts

Summary of US host protection plans Hosts can choose one of five Vehicle protection plans 60 plan 75 plan 80 plan 85 plan and 90 plan All pl

help.turo.com

https://turo.com/us/en/car-rental/united-states/how-turo-works/vehicle-protection includes:

Liability insurance is provided under a policy issued to Turo by Travelers Excess and Surplus Lines Company. Terms, conditions, and exclusions apply. The policy does not provide coverage for damage to a host's vehicle.

and

Turo is NOT an insurance company and does not have insurance for physical damage to your vehicle.

It does include "up to $750,000" in liability coverage, though I'm sure with numerous exclusions.

FWIW, I've looked into renting from Turo in the past and decided it wasn't worth the hassle or potential liability (as a renter) since credit card auto coverage wouldn't apply (apparently, there are some credit cards that *may* cover it, but I don't have those as of a year or two ago). And once you add Turo's insurance coverage, it's no longer offering much savings.

I know some companies (individuals?) rent multiple vehicles via Turo. I would assume those who approach this as a business will own the cars under a business and at least protect their assets from such lawsuits. IANAL.

 

[easyrider]

Yeah, I've been waiting to read info on that aspect of these incidents. There is insufficient info at Turo's site to reach any conclusion on coverage; more info:

Protection plans – In detail | US hosts

Summary of US host protection plans Hosts can choose one of five Vehicle protection plans 60 plan 75 plan 80 plan 85 plan and 90 plan All pl

help.turo.com

https://turo.com/us/en/car-rental/united-states/how-turo-works/vehicle-protection includes:



and



It does include "up to $750,000" in liability coverage, though I'm sure with numerous exclusions.

FWIW, I've looked into renting from Turo in the past and decided it wasn't worth the hassle or potential liability (as a renter) since credit card auto coverage wouldn't apply (apparently, there are some credit cards that *may* cover it, but I don't have those as of a year or two ago). And once you add Turo's insurance coverage, it's no longer offering much savings.

I know some companies (individuals?) rent multiple vehicles via Turo. I would assume those who approach this as a business will own the cars under a business and at least protect their assets from such lawsuits. IANAL.

I've checked out turo prices for Hawaii and after finding out how their insurance doesn't work with my credit cards insurance decided it wasn't worth it for us.

Bill

 

[easyrider]

sure, blame it on the crazy "Canucks" up north
Just be very careful what you say about our Billionaire leaders - - or their products
.

View attachment 104123
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https://www.the-independent.com/news/world/americas/musk-media-lawsuits-cybertruck-b2673048.html

The TV in our room had cable but most of it was in Spanish. We haven't been paying attention to anything at home except the weather and the dog sitter for the most part.

Elon Musk is one smart person imo. He has always been ok in my book.

Bill

 

[HitchHiker71]

The TV in our room had cable but most of it was in Spanish. We haven't been paying attention to anything at home except the weather and the dog sitter for the most part.

Elon Musk is one smart person imo. He has always been ok in my book.

Bill

TSLA shareholders (myself included) have been petitioning the Tesla BOD and Musk to consider pursuit of legal remedies for increasingly prevalent legacy media false and misleading reporting. It appears Musk may actually be considering this path forward now.

For example, almost 100% of the headlines for the NOLA attacks didn’t say “A Ford F150 Lightning EV was used…,” they simply said “A truck was used…”, yet almost 100% of the legacy media reports of the Las Vegas attacks said “A Tesla Cybertruck exploded outside a Trump hotel…” vs “A truck exploded outside…”. This is just one of literally hundreds of valid examples.

There is likely sufficient evidence of implicit bias from legacy media given X has become the number one rated news source in more and more news markets across the globe. This has resulted, as has been widely reported, in legacy media laying off thousands of employees as revenue declines. Therefore legacy media is targeting Musk and all of his companies via false reporting and clickbait headlines. It’s time to fight back.


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[DrQ]

TSLA shareholders (myself included) have been petitioning the Tesla BOD and Musk to consider pursuit of legal remedies for increasingly prevalent legacy media false and misleading reporting. It appears Musk may actually be considering this path forward now.

For example, almost 100% of the headlines for the NOLA attacks didn’t say “A Ford F150 Lightning EV was used…,” they simply said “A truck was used…”, yet almost 100% of the legacy media reports of the Las Vegas attacks said “A Tesla Cybertruck exploded outside a Trump hotel…” vs “A truck exploded outside…”. This is just one of literally hundreds of valid examples.

There is no way a CT can be mistaken for ANYTHING else. Nothing reported was inaccurate.

An F-150 Lightning looks a lot like an ICE powered F-150. Subsequent reports have identified it as an EV.

 

[HitchHiker71]

There is no way a CT can be mistaken for ANYTHING else. Nothing reported was inaccurate.

An F-150 Lightning looks a lot like an ICE powered F-150. Subsequent reports have identified it as an EV.

The first thing I noticed when I saw a picture of the NOLA truck was the fact that it was a F150 Lightning - as is obviously represented by the big “LIGHTNING” monikers on both sides of the rear side panels of the truck bed. Took me all of two seconds.

That said, as I mentioned previously, there are literally hundreds of examples of bias from legacy media - which is why we will see lawsuits from Tesla on these items moving forward.


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[easyrider]

The first thing I noticed when I saw a picture of the NOLA truck was the fact that it was a F150 Lightning - as is obviously represented by the big “LIGHTNING” monikers on both sides of the rear side panels of the truck bed. Took me all of two seconds.

That said, as I mentioned previously, there are literally hundreds of examples of bias from legacy media - which is why we will see lawsuits from Tesla on these items moving forward.


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I'm glad you said this. If I would have said this I'm certain it would have been taken as a heinous statement meant to provoke the weak minded and then subject to ridicule.

It's very true that Elon Musk has been a target of corporate news channels and the only way this changes is if Musk takes takes them to court or buys them out. It will be interesting.

Bill

 

[davidvel]

The TV in our room had cable but most of it was in Spanish. We haven't been paying attention to anything at home except the weather and the dog sitter for the most part.

Elon Musk is one smart person imo. He has always been ok in my book.

Bill

That explains so, so much. Thank you for sharing.

 

[easyrider]

You are very welcome David. This week I'm entertaining great grandkids so I'm not planning on watching much of anything.

 

[DrQ]

It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help!​

A Cybertruck owner shares his frustration following multiple failed attempts to sell his truck. After losing more than $20,000 in 2,800 miles, the owner says, “I want to cut my losses and move on, but I can't give this thing away.”​

It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help!

A Cybertruck owner shares his frustration following multiple failed attempts to sell his truck. After losing more than $20,000 in 2,800 miles, the owner says, “I want to cut my losses and move on, but I can't give this thing away.”

www.torquenews.com

“I've owned it for 8 months. It is depreciating like a rock. I have already lost over $20k in 8 months. I want to cut my losses and move on, but I can't give this thing away unless I lower the price to probably $79k. Sucks.”​

​

If he sold his Cybertruck for $79,000, his total loss would be $35,000. A $35,000 loss after 2800 miles is definitely concerning; however, looking at the comments, Sledder might need to lower his price even more to get a buyer.​

 

[HitchHiker71]

It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help!​

A Cybertruck owner shares his frustration following multiple failed attempts to sell his truck. After losing more than $20,000 in 2,800 miles, the owner says, “I want to cut my losses and move on, but I can't give this thing away.”​

It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help!

A Cybertruck owner shares his frustration following multiple failed attempts to sell his truck. After losing more than $20,000 in 2,800 miles, the owner says, “I want to cut my losses and move on, but I can't give this thing away.”

www.torquenews.com

“I've owned it for 8 months. It is depreciating like a rock. I have already lost over $20k in 8 months. I want to cut my losses and move on, but I can't give this thing away unless I lower the price to probably $79k. Sucks.”​

​

If he sold his Cybertruck for $79,000, his total loss would be $35,000. A $35,000 loss after 2800 miles is definitely concerning; however, looking at the comments, Sledder might need to lower his price even more to get a buyer.​

Whomever bought this obviously was clueless about the fact that they were buying an early adopter "Foundation Series" CT in the first place. For the first year of production, with very low production numbers, Tesla tacked on $20k to the base price for these early adopter models - priced at $120k for the Cyberbeast and $100k for the dual-motor Cybertruck Foundation Series models. Late last year, Tesla stopped selling Foundation Series trucks and started selling the normal higher production volume trucks at $80k (dual motor) and $100k (tri-motor). So anyone who wants to sell their Foundation Series is going to experience accelerated depreciation, since the core truck hasn't changed at all, other than having FSD and premium subscription for life (which I'm not sure is transferable to another owner). So if this buyer paid $114k - then he bought a dual motor Foundation Series - likely somewhere with high tax rates - which is why he paid $114k ($14k of additional taxes and fees - which you never get back either). So in reality he lost $20-21k not $35k. Details matter. The CT will also likely experience price decreases over time as production costs come down over time, which will also impact resale pricing, just as has been the case for all other Tesla models since inception. Only in the past year have prices on most models stopped decreasing, since Tesla is starting to bottom out on efficiency increases, therefore pricing will stabilize moving forward. Even with our 2023 MY LR - which we paid $60k for not including TTL, now sells for only $50k - or $10k less, so our resale value suffers as a result. This isn't something ICE vehicles typically have an issue with, since MSRP pricing rarely decreases over time.

Let's also now acknowledge - that whenever you buy a brand new vehicle - it depreciates 10-15% the second you drive it off the lot - and on average 20% within the first year - and 15% per year thereafter. On a $100k vehicle - that's $20k within the first year. This guy says eight months - that's basically a year in vehicle terms. This does not include taxes, tags, and licensing - those costs stand apart from vehicle value which is based solely on MSRP. So, on average, the CT in this example, the MSRP of which was $100k, despite the hype in this article, is depreciating roughly 20% - perhaps a bit more - which given the early adopter reality - isn't bad at all.

 

[emeryjre]

When you buy a car to flip for profit
It does not always work
Early deliveries of the CT were sold by some people for higher prices despite signing a pledge to not resell the vehicle
Not everybody had the same experience
Pay your money
Take your chances

 

[easyrider]

We were going to flip cyber trucks but I decided against it because the cyber truck is just too different. My brother in law , who I was a finacial partner with on this deal, finally decided the same and lost the deposit.

Flipping newer vehicles is a tough go for many reasons. Flipping a Tesla or any ev of any kind has too many downsides, imo. The biggest downside is the battery degrading perceptions.

Bill

 

[Carolinian]

Layoffs in Sweden as Volvo faces lack of demand for electric vehicles

Volvo Cars’ battery manufacturer Novo Energy has announced layoffs in Gothenburg, making it yet another Swedish company in the sector to scale back operations, reports Salon24. According to a statement from Novo Energy, 30% of the staff will have to say goodbye to their jobs at the company...

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