That’s true in the sense that people would accept a Model S with a crappy interior and panel gaps, just because it was an EV, and they’d get one instead of an S-class. Now they can just get an EQS, Taycan or i7. However, your argument was that the same could have been said about Tesla as is being said about Lucid now.…

I thought this too. It seems to be reaching a bit to use an i3 anecdote, when that car is (a) so old now and (b) was completely out of left field and difficult to position / sell even when it was brand new.

Yep, time and time again in articles and comments here, people also conflate losses with capital expenditures (e.g. “the only reason they’re losing money is because they’re investing in factories”). Just a basic understanding of the differences between an income statement, a balance sheet and a cash flow statement…

Sadly this rational analysis is trumped by “Elon bad, anything not Elon good.” Just fine, as long as you can ignore that Lucid exists at the discretion of the sovereign wealth fund of a petro-state, which just last year sent a woman to prison for more than 30 years for tweeting.

Generally speaking, start ups have very high growth when they’re incinerating cash at this rate. Lucid’s revenue declined in the most recent quarter and they’re cutting delivery estimates. The outlook for Tesla 10 years ago was night and day, with Tesla not only selling three times as many Model Ss as Lucid projects…

In 2012, Tesla’s market cap was just under $4 billion. The reason I used 2019 was to show how ludicrous it was that people thought Lucid could be worth over $100 billion, when Tesla’s (at the time, seemingly crazy) valuation didn’t get close to this even when they were actually an established car company with three…

If you think Tesla is / was out of proportion to reality, just compare the gross margins between Tesla in the early years of the Model S vs. Lucid now. Or consider that Lucid was valued at about $125 billion at one point in late 2021, when they had $27 million in revenue and EBITDA of negative $2.5 billion. In 2019,…

There is a thread on the Rennlist Taycan forum where some guy keeps banging on about Taycans depreciating quickly because new battery tech will make them obsolete. It’s particularly silly, because every expensive sedan, whether it’s ICE or EV, will fall in value like a safe pushed out of a window. So the phenomenon…

Almost all transmission lines are aerial in Canada, as is the majority of the distribution. In many areas of Ontario, buried services are prohibitively expensive because you’d be saw-cutting rock. For new subdivisions, it’s practical, but retrofitting the grid elsewhere is insanely expensive - Hydro Ottawa estimated…

First Gear: I just got an email from Kia yesterday with the official (Canadian) pricing for the EV9. The base price is $59,995 CAD / $43k USD. To me that is a bit of a game changer, since it’s a very family friend 7-passenger SUV starting at close to the same price as the Telluride (base price $53,083). In Canada,…

assuming the price doesn’t go up too high

Generally it would be surprising if a later model wasn’t “better” to drive than an earlier one in almost every measurable way. However, the excellence of the driving experience is only one part of the 911 ownership equation.

Wow, you really don’t get it. There is obviously a need for prison reform in the US, and guess what, you’re free to speak about it, your elected officials are free to advocate for it. You can even, wait for it, vote for politicians who are committed to improving the prison system, and the criminal justice system in…

There is no reasoning with you if you think a private prison (that someone is sent to after being convicted of a crime by a judge or jury, with rights of appeal and all the other protections of democracy and civil society) is the same as a concentration camp you’re sent to, with no due process, solely because you’re a…

They have their problems,

I think we stop short of drawing a false equivalency between a representative democracy with all kinds of well-known problems and a tyrannical authoritarian regime where a small minority of CCP members revel in their corrupt power, ordinary citizens have their every move surveilled and people are regularly imprisoned…

Nope, it’s 2023, when the writers on this site call Elon Musk a fascist and nazi because of his silly and sometimes offensive public statements, but unquestioningly promote the products of a country that has actual concentration camps and ethnic cleansing.

Interesting. Does it discuss what level the vehicles were charged to on average? I’m not sure if 80% is an arbitrary figure, but generally the default setting on level 3 chargers and in the car’s settings is to stop at this point. That’s why I said “to maximum charge,” since my understanding is that charging the…

3rd Gear:

I’ve owned six EVs so far, and none has shown any significant change in range from new. I’m not saying range doesn’t diminish, but most studies suggest it’s in the order of 1-2% / year. If the car has used a lot of fast DC charging to maximum charge, that might be different, but the average EV that’s mostly charged at…