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EV News Daily - Technology and Business of EVs

15 Nov 2024 | EV Discounts Hit Record Levels, Free Overnight Charging and More Cybertruck Demand Questions

EV News Daily - Technology and Business of EVs

Martyn Lee

Business, Leisure, Technology, Automotive

4.8749 Ratings

🗓️ 20 November 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

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TESLA CYBERTRUCK INVENTORY RAISES DEMAND CONCERNS https://evne.ws/3ZbmAdT

HONDA AND CHEVY ELEVATE EV DISCOUNTS TO RECORD LEVELS https://evne.ws/4fTyTB1

FORDPASS UPDATE ENHANCES IOS FEATURES https://evne.ws/3UZjFCJ

2025 POLESTAR 3 RWD: PRICING AND RANGE OVERVIEW https://evne.ws/4hZ6hbB

ELECTRIC TRUCK CHARGING https://evne.ws/48Vtebo

LYTEN BUYS NORTHVOLT'S US BATTERY FACTORY https://evne.ws/3CD1JY7

CATL EYES US EXPANSION IF TRADE BARRIERS FALL https://evne.ws/3CC0LeM

MOROCCO TO EMERGE AS KEY EV BATTERY EXPORTER https://evne.ws/410H4am

SLOWER EV CHARGERS MAY BE ADEQUATE FOR MANY https://evne.ws/4eGElWS

FREE NIGHTTIME CHARGING FOR CHEVY EVS IN TEXAS https://evne.ws/3Zd7cO3

EV MARKET SHIFTS: LEASE RETURNS AND PRICE REDUCTIONS https://evne.ws/4fyTTx4

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to EV News Daily. Coming up today, EV discounts hit record levels, free overnight charging, and more cybertruck demand questions being asked. Plus, stay tuned because later in the show, I'll tell you why one EV truck charging project is not being put off by the forthcoming anti-EV administration in the US. Well, good morning, good afternoon or good evening, wherever you are in the world.

0:21.1

Welcome to Evie News Daily, a trusted source of EV information. For Friday 15th of November,

0:25.6

I'm Martin Lee and I go through every EV story so you don't have to.

0:28.9

Patreon supporters get the shows ad free. Be like them by clicking on a link in the show notes.

0:33.4

We'll start with news and a report coming in via Electricrek showing that Tesla is now offering cyber trucks for immediate delivery from inventory.

0:43.3

Now, the inventory, Tesla stock is one of the best little hidden secrets out there.

0:48.3

They are effectively new vehicles, but just the same as every other car company.

0:53.7

Tesla fans hate me saying that, that have cars

0:56.3

sitting on dealer lots. Of course, Tesla haven't had to sell it to a dealer for a discount.

1:01.0

It just sits in Tesla's inventory. It's made. It's in a car park. It's waiting to go.

1:06.0

And you can have one right now. It's the latest piece of evidence that strongly suggests a falling demand for the

1:12.1

vehicle, which was once said to have had two million reservations. The latest intelligence

1:16.9

puts total cyber truck sales between somewhere between 35 and 50,000 units sold. The increased

1:24.2

cost and reduced range of the eventual production model compared to initial promises

1:29.4

will have no doubt influenced demand from some of those two million people.

1:33.6

Tesla started fulfilling orders now without reservations in the US, implying the backlog is now

1:38.1

fully clear. Deliveries also in Mexico and Canada. Unused production capacity is toxic to the

1:43.1

automotive industry and a planned production

1:45.4

capacity of being able to make 250,000 units annually is clearly a long way off. Now, I still believe that

1:53.6

price cuts are inevitable and a $60,000 model is expected, I think, early next year, possibly even,

2:00.8

as soon as the first week in the quarter

2:02.2

in early January. Could a federal tax credit be coming too? That's been a strange missing,

...

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