Current state of the car market (US)

Posts
5,731
Likes
8,893
You’re right. I misread that
 
Posts
5,186
Likes
18,037
I was very careful to say intra-city

They are useful in Portland. Even go to the Airport.

 
Posts
9,961
Likes
47,598
The idea for household energy storage didn't originate with Tesla, but like with many things, Musk is translating it into action.

Some earlier comments were about increasing generation. One way to do that is with reduced demand. You don't need to supply as much if the demand goes down. Energy efficient appliances and lights are one example. That's why there are incentives to buy efficient appliances. If people use less, the power generators need less capital to build.

Smart meters came into play so that the power company can reduce load during peak demand. If people are willing to allow the electric company to shut down their homes during certain hours, they can get cheaper rates overall. There are incentives also for people to charge their EVs at night when demand is lower and power companies still maintain spinning generators that need load.

EV cars were a concern initially, not just because they would need more electricity, but because the loads would be constantly moving. This lead to planners to not just think about EVs as loads but also as lots of micro generators. All these plugged in cars could be accessed for power at peak hours, which are during the day when people are working. If the people are working during the day, their cars are parked and their batteries are available. Why not tap into them for extra juice?

This is related to the household battery system. Used car batteries that have lost capacity for use in an EV could still be used in a household system. But not just used batteries, but batteries made by companies that make batteries for cars then have another outlet for sales. People have described Tesla not as a car producer but as a battery producer. The ability for homes to store electricity also means all those wind generators and solar can be stored.

Smart meters are making this work together as an integrated system. It's all pretty interesting and gives reason to hope for a better future. Trouble is there's a limited amount of time. It's great to see what Tesla has accomplished. There aren't enough EVs in homes yet to make some of the bigger plans a reality. But it's exciting for me to learn about what people are thinking about. There seems to be a great capacity for innovation that could achieve even more with a greater will.
I didn’t mean to imply Tesla thought of it first. They didn’t think of the first electric car, the first boring rig, the first space flight, the first battery storage or the first solar set up. Ford didn’t make the first car. I guess it comes down to who can do it best and get it to scale properly. I think it’s a quote in your favorite book “there is nothing new under the sun.” Who knows maybe in twenty years someone will better musks ideas I just think he is doing a pretty good job thus far but we are very early in this and a lot could change.
 
Posts
5,186
Likes
18,037
I didn’t mean to imply Tesla thought of it first. They didn’t think of the first electric car, the first boring rig, the first space flight, the first battery storage or the first solar set up. Ford didn’t make the first car. I guess it comes down to who can do it best and get it to scale properly. I think it’s a quote in your favorite book “there is nothing new under the sun.” Who knows maybe in twenty years someone will better musks ideas I just think he is doing a pretty good job thus far but we are very early in this and a lot could change.

I didn't mean to imply that you meant to imply...😉
 
Posts
9,961
Likes
47,598
I didn't mean to imply that you meant to imply...😉
Damn it yes you did imply that I was implying and I think you should have at least a temp ban cause I’m like a nice guy and all that I will not stand for wild implications implying various things I didn’t even contemplate.
 
Posts
5,186
Likes
18,037
Damn it yes you did imply that I was implying and I think you should have at least a temp ban cause I’m like a nice guy and all that I will not stand for wild implications implying various things I didn’t even contemplate.

Sorry, i didn't mean to imply you were a nice guy...


(After all, everyone knows you're a nice guy so no need to imply.)
 
Posts
816
Likes
1,382
A watch seller in New Zealand nice guy
Are you implying that there are watch sellers in New Zealand that aren’t nice guys? ::stirthepot::
 
Posts
9,961
Likes
47,598
Tesla Inc. late Wednesday reported quarterly earnings that blew past Wall Street expectations, and the stock rose more than 4% in the after-hours session.

Tesla TSLA said it earned $3.2 billion, or $2.86 a share, in the first quarter, compared with earnings of $438 million, or 39 cents a share, in the year-ago period. Adjusted for one-time items, the EV maker earned $3.22 a share.

Revenue rose 81% to $18.6 billion from $10.39 billion a year ago.


I follow Tesla out of intersect but damn they can produce numbers I know the case for overvaluation can always be made but it is impressive to see if this trend continues
 
Posts
5,731
Likes
8,893
We've got to go to nonnegotiated price. We've got to go to 100% online. There's no inventory (at dealerships), it goes directly to the customer. And 100% remote pickup and delivery,

So the dealership will only be servicing. Interesting...
 
Posts
536
Likes
762
Or look for a vehicle that is in its last year of production and/or a slow seller. That's what I did. Picked up a 2021 Mazda6 and absolutely love it. Not hard to figure why I got a deal. A gorgeous looking car and the best drive in its class, but still has to complete against the Accord, the Camry, and lessening demand in general for sedans as most folks want SUVs.
1285246-75aab185c0070d3c610c14184ab5a75b.jpg

Real men drive sedans
SUVs are for wimps 😉
 
Posts
1,144
Likes
3,111
After ordering with the dealer in February, my forester sport showed up today.

 
Posts
30,592
Likes
36,123
Real men drive sedans
SUVs are for wimps 😉
Mate I’m happy for people to keep scrambling for SUVs while I stick to nicely depreciated ex-lease sports cars and luxury sedans that are out of warranty.

Spending 10% of sticker price for a car better than 90% of others on the road that has high mileage is what I learned at an early age and it’s served me very well.