Oso planning to go pro
Lenny,So you think some scoopers would have been BBQ chicken on the trading floor?
Tell your story to NBC news and Lester Holt. They’re the ones who reported that EVs lose 10 times more in value after year one than ICE vehicles.
Weird comment. Equating the purchase of a car with investment into commodities is funny. But this is where Lenny's Doom Loop has taken him. He has to make this absurd comparison (and have his boy Goose back him up) because of his initial illogical statement.
First, commodities aren’t traded on the Chicago Board Options Exchange. Options (puts and calls) on listed stocks and indexes (S+P, VIX) are . Commodities were traded on the Board of Trade and the Chicago Mercantile Exchange back in my day. Now it’s just the CME. Second, it’s neither complicated nor expensive weird if you can think it through. If you make your living trading anything based on true value then standing next to someone in the pit ill informed of the concept would be easy money. But by all means keep on typing. Why should being a know nothing on the subject stop your pontificating? It’s why you’re a sultan.
Musk and his acolytes constantly prattle on about Tesla being much more than a car company. The Supercharger network, and its potential for hypergrowth, was gonna be one way to prove that it was more than a car company.Yesterday, Musk dumped the entire department - from management down to the last worker. 500+ layoffs.The guy demanding his $50B payday said it's all about cost reductions.
One of the interesting and still generally unanswered questions is battery life.If I maintain my traditional car with its internal combustion engine and the sweet small of gasoline, I can pretty much be assured of 10 years and at least 100,000 to 150,000 miles. If I'm a car geek and really maintain it, some think I can get 250,000+ miles from my little ole dinosaur.Nowhere have I seen anyone saying electric cars will get that kind of life. Which means we better have a damn good recycling program for automobiles in this country or auto graveyards will be filling up fast.Many of you EV fans are going to tell me that no one, possibly excepting me, keeps their cars that long. But it's not unusual for well-built ICE powered autos to go through two or three owners and 150,000 to 200,000 miles. My understanding is we're nowhere close to that with an EV. There's environmental trade-offs for everything we do!
You're completely misinformed about EV battery life.
So you are telling me there is no difference in terms of potential life and trade-in value between my gasoline swilling car powered by an internal combustion engine and an electric vehicle?That if I went to a Tesla store on Merritt Island or in Orlando tomorrow, they could legitimately represent that their cars with routine maintenance, including tire rotation and brake fluid changes, their vehicles will last for 150,000 to 250,000 miles, or more?In a lab, maybe. But in the real world? I'm still doubting it.
This basically puts a halt on opening up the supercharger network to further cars/brands.Musk, again, took taxpayers money and is running away with it.
I genuinely cannot think of a legitimate reason for the actions except for overly heavy handed cost cutting. Makes absolutely no sense.
People are burying their heads in the sand if they think EV’s won’t make up a majority of car sales within a decade.
You just shifted the goal posts - now you're including "trade in value". Previously, you were only talking about life/mileage.To answer your original question, yes, BEVs should last as long or longer than ICE vehicles assuming proper upkeep.I'm also not guaranteeing "no difference".
Brother Jesmu:In what world do you think there is no relationship between trade-in value and the world's perceptions of the durability and longevity of an EV? Maybe in a lab, an EV lasts 200,000 miles. But the real world is Interstate 95 through East Florida and its 175 mph average speed (Bubba thinks that because I-95 passes Daytona, he drive like he's on a super speedway). Or sitting for an hour (with some goofy Jersey Girl doing her make-up) waiting for a slot in the Lincoln Tunnel between New Jersey and Manhattan. Or, the 405 west of Los Angeles, where you can use the entire battery life driving/stopping between LAX and Long Beach! I have my doubts. In fact, I'm not alone. There's this difficult to measure systematic variable called "people's expectations" which is driven in no small measure by the marketplace of ideas. If people are confident, based on real-world evidence, that EVs will last at least as long, if not longer, than gas slurping dinosaurs, they'd be paying up to get them. Especially given there's only tire rotation and brake fluid maintenance, and possibly, air conditioner repair.The reality is the market is speaking. While there has been quite a few early adopters who raced to the Tesla stores, bought Ford F150 Lightnings and otherwise found EVs, the resale/sale of EVs is, in fact, telling. Most folks in this country have decided that there are still too many open questions about EVs, their convenience, longevity and, ultimately cost. You and I can debate all day about what might be or what should be, but I can tell you that's God's gift to mankind and womankind is STILL that ever-loving gasoline! It's too bad God put too much of gasoline's raw material in the Middle East and not enough in the Western Hemisphere!Final thought: no government can mandate technological change. You can invest in it, you can incent it through tax and regulatory policy and you can research it. But you cannot dictate it.
I hear Toyota disagrees