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G. David Felt

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Everything posted by G. David Felt

  1. I do not see the FWD 250 mile range Equinox ever actually being produced as it is a smaller battery pack and as @oldshurst442 pointed out they increased the size of the battery pack to standardize on one size. Chevrolet Equinox EV - 2024 This would mean that the Equinox LT1 FWD 300 mile range EV would be the base imho. Interesting as their websites have conflicting info depending on which one you are on about this EV.
  2. WOW, GM never said under $30K, it was around $30K. Chevrolet Previews Equinox EV January 5th 2022 press release that clearly states around $30,000 and a clear message at the bottom MSRP is subject to change. You can get upset all you want and that is fine about a product that was nowhere near release yet nor any actual firm pricing. To me it is a moot point that is no big deal as they never were sold or had a committed price yet. Go ahead and beat up GM over an around statement and a clear subject to change statement, will not affect the end result.
  3. This is one that we will have to agree to disagree on as Starting at price with reservation deposits versus around price with no reservations/deposits are two very different things. GM was very clear that they were focusing on having a price around $30K for the base Equinox but would not be able to commit till farther along in their work when they first started talking about this at the 2022 CES show in January of last year and then said they would hopefully be around $30k for a starting price but again no commitment to the price or reservations allowed so it was just a goal. But we each take the verbiage differently. Starting Definition & Meaning - Merriam-Webster Around Definition & Meaning - Merriam-Webster I get that around is as defined with some approach to exactness versus starting is a set point or price. Yes I get that you see it as a semantic and that GM should have delivered a $30K Equinox. After instant rebate it is still a $27K EV.
  4. I agree with you that it is BS, but I disagree with you that the wording of Starting at $35K or $67,500 for R1T or $70K for R1S versus around $30K. Legally GM can get away with this as they did not state a firm starting price. Both Tesla and Rivian as we well know had to deliver to the original order holders that starting price for their EVs as they committed to the price starting there and took reservation money based on that pricing. Around is not a commitment to $30,000 dollars even though everyone got excited with that price, even me. I have a sister and her partner that were wanting to buy, but here is where another difference is. GM NEVER took any reservations at a set price and the reservations do not open till November now that firm pricing is established. GM's initial Equinox EV to start at $49,000, get over 300 miles range (freep.com) I agree that you have the right to be pissed as does @ccap41 about a difference of $5K for a base starting price versus originally talking about pricing being around $30K. Just remember that GM has not done a bait and switch that did get Rivian and Tesla into hot water as Rivian and Tesla both took $1,000 deposits for EVs with a clearly stated starting price that they then tried to change. In Rivians case they honored the original pricing but for Tesla, they actually produced a few $35K Tesla 3 for a few months and then said that there was not enough demand to justify the price and production and killed it then raising prices across the board. To me, that is a big difference and if GM can truly reduce costs by delaying launch of the Equinox till Q1 2024, then who knows, we might all still see a lower priced Equinox. As it stands, with January 1st 2024 the tax rebate being an instant rebate at the time of purchase on the dealership lot, a base price of $34,995 not including the instant $7,500 rebate makes this a sub $30,000 EV or to be clear, a base price of $27,495 for the base Chevrolet Equinox EV with 300 miles of range.
  5. Nope the General does not get a pass on this, they never committed to a firm $30K price, they stated around $30K was what they were aiming for and did not do what Tesla and Rivian did with setting a firm price and then raising the price after the fact that they could not deliver on that price. I agree with you that some folks will give certain brands a pass no matter what they pull, but I have to humbly disagree with you my friend that I have done this with GM. They have screwed up plenty of times and right now they very well might have lost out on any business from me with delays to their EV portfolio. The next few years will tell is the delays are warranted or not and if the idiots who think we should stay stagnant on ICE auto versus EVs win this or not. Interesting times we live in for sure.
  6. Yes depending on the configuration of the R1T launch edition. According to the web this is what was stated at that time: The base model of the R1T pickup increased from $67,500 to just under $79,000, while the R1S base model had a similar jump, from $70,000 to $84,000. The new prices are effective for new customers, but early reservation holders will avoid the price hike. So the price jump was even more for those that had the truck or SUV configured up with the max battery pack and fully loaded options. Crazy
  7. There are also still lots of options for parts online too. Amazon.com : 2003 buick park avenue parts 2003 Buick Park Avenue Aftermarket Parts & Accessories | CarParts.com
  8. Yes, I would agree that it is time to take advantage of Black Friday and get some decent 4k resolution real estate. I have had some weird power issues with my own personal dual 30" 3K screens and am wondering if I should go with a large single screen or two modern screens where I have one in portrait mode. Liking the following: Dell UltraSharp 43 4K Monitor (U4323QE) - Computer Monitors | Dell USA Or maybe stay with dual monitors like I have maybe go with this: Dell UltraSharp30 Inch USB-C Hub Monitor (U3023E) : Computer Monitors | Dell USA But then the cost of dual monitors is pretty much the same as a single 43 4K monitor. The more I think on this now, I will go with a 43" 4K monitor when I have to replace my dual 30" monitors.
  9. Agree that in today's inflation driven world, computers especially with AI CPUs should allow them to be far more accurate on pricing and since they could in 24 months totally design and virtual test a all new auto, they should have been able to have far better estimates. This is also where I feel companies need to post the additional information that prices are subject to market driven forces and could increase or decrease based on market fluctuations. I think this gives proper wiggle room to remind the world that what happens on wall street and stock exchanges around the world can grossly change things overnight or over a few months or a year. With that said I do love a state law we have here where if a retailer has a price posted on the shelve for a product and it rings up as more, they have to honor the price that is on the shelf, not in the POS (Point of Sale) system. I am all for having the federal government hold companies to honoring prices they advertise or state. Course in this case GM used the marketing gains of being talked about as a $30K EV by using the word AROUND $30K. Unlike Rivian where they stated a firm starting price of $XX,XXX. At least they did come back to honor those that had reservations at those lower prices. Big differences as Tesla said starting at $35K versus GM around $30K. Tesla honored for a short period the $30K EV price to keep from having more lawsuits than they have had.
  10. Tesla Customers put money down and ended up with far more than a 5K price increase. The actual price when the 3 came out is what caused allot of my coworkers to cancel their reservation. I agree it sucks and one would think they could get more accurate pricing than this, but it was announced almost 2 years ago. This is not something that was earlier this year. Quote: The Chevrolet Equinox EV was announced for sale on September 8, 2022. The limited edition 2RS will be available in fall 2023, while the full lineup will be available starting spring 2024. The estimated MSRP for the Equinox EV is around $30,000.
  11. Tesla had decades of bait n switch and GM as well as Ford got their EVs up and running mass production in 2 short years. So yes it is expected that prices would be vaporware based when they first announced them. News and many other sites all stated they would be surprised if GM kept to the $30K price point. Also while inflation did start going up, specifically: Value of $1 from 2019 to 2023 $1 in 2019 is equivalent in purchasing power to about $1.20 today, an increase of $0.20 over 4 years. The dollar had an average inflation rate of 4.75% per year between 2019 and today, producing a cumulative price increase of 20.39%. This means that today's prices are 1.20 times as high as average prices since 2019, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 83.333% of what it could buy back then. The inflation rate in 2019 was 1.76%. The current inflation rate compared to last year is now 3.70%. If this number holds, $1 today will be equivalent in buying power to $1.04 next year. $1 in 2019 → 2023 | Inflation Calculator (in2013dollars.com) Just one of the many sites you can reference to see the difference between 2019 and now in 2023, our dollar only gets us 83.33% of what it used to be. Same with this situation, GM probably did as you stated threw out a price to grab attention, no different than everything Musk says about Tesla or SMK says about Mercedes and Tesla. As they say, where the rubber meets the road, the real prices are finally here and as such at least we now have firm pricing on the Equinox. Nothing gets cheaper, only more expensive and we have to push ourselves to keep up or we drop in our ability to buy and live the quality of life we wish.
  12. This reminds me as I watched an old movie that I like, the original Hitman where the president of Russia is assassinated and they are driving him around in a stretch Lincoln. Made me crack up considering that is not what Russia would have allowed for their own president when they have their own auto company brand to use. Great Movie - Hitman (2007) - IMDb That is a stretch Lincoln MKT produced from 2010 to 2019.
  13. This is to be expected and not bad when you consider the inflation we have gone through since 2019. NO ONE and I mean NO ONE could have predicted the idiot response our government did with Covid as well as the rest of the world and how the shortages would have affected both long-term and short-term prices. When you consider what everyone is asking for, we will never see autos that are priced below 20K ever again as a new auto unless you're in a third world area where safety devices are not required, and they still make the auto pretty much manual everything and even then, that is becoming a thing of the past. It is the electronics that have made thing more expensive and consumer demand for them. While I hate unions with a passion due to my own experience with them and the failure they have done to the workers due to corruption in the 70's and 80's and it is still there now, I cannot deny the workers getting a fair piece of the pie from the corporations. As such, cost of living, cost of manufacturing, cost of employment, etc. etc. etc. is all adding up to higher prices for autos. Yes, we can all be upset if we only look at things through a stagnation point of view, but the reality is it is up to each of us to grow our skill set and our worth by shopping ourselves around to find those companies that value our self-worth and pay us what we are worth. This allows us to afford buying what we want. This is why I do not see a $5K price increase as that bad for something that a company just starting to setup manufacturing of said product had to increase to cover costs of production. This was all estimates of what they said they could produce it for at the start and now with contracts in hand, manufacturing set up, the actual prices are now firmed up. This is CHEAP compared to what Tesla Promised and then actually delivered. Remember the Tesla 3 was promised to be a $35K car in 2016, actual starting prices were $47,240 for the long range model and $53,240 for the performance model. Today in 2023 the Model 3 starts at $40,240 before the tax credit. How Much Is a Tesla Model 3? Cost History, Price Drops, Fluctuations (businessinsider.com) So Tesla has FAILED to deliver ever on their own original prices and a $12,240 price difference is way bigger than a $5k price difference on the Equinox EV that goes into production right after the start of the new year. There is still a chance we will see some auto company deliver a cheaper version like GM has committed to for the Bolt, but that is subcompact compared to compact and already the compact are bigger than they used to be in size due to the required safety features. That is how I see it IMHO.
  14. Factorial loves to quote Thomas Edison who in 1883 said the following: "The storage battery is, in my opinion, a catchpenny, a sensation, a mechanism for swindling the public by stock companies." Factorial states that this sentiment is true and has been held over the last 138 years till now. Investing in solid-state battery R&D over the last 6 years has allowed Factorial to create their proprietary FEST (Factorial Electrolyte System Technology). Factorial held their grand opening ceremony at their state-of-the-art solid-state battery production facility in Methuen, Mass. Siyu Huang, CEO of Factorial stated the following: “We are thrilled to open our next-generation battery facility in Massachusetts as we scale our batteries for mass production,” said Siyu Huang, CEO of Factorial. “This facility will enable us to manufacture cells to meet the needs of our automotive partners and progress our mission to commercialize solid-state batteries. As a U.S. company, we’re also proud to contribute to the onshoring of battery manufacturing for EVs and advancement of battery innovation for a differentiated supply chain.” This opening represented a $50 million investment and creation of over 150 local jobs. The current footprint of this facility will enable Factorial to ramp up Solid-State battery production to a maximum output of 200MWh annually, making this the largest solid-state battery assembly line in the U.S. Former Chairman and CEO of Panasonic Corporation of North America and current Executive Chairman of Factorial, Joe Taylor made the following statement: “Factorial continues to drive the battery industry forward and this milestone is no exception, automaker demand for American-made batteries is high to produce electric or hybrid vehicles that qualify for incentives. Our facility will manufacture automotive-sized solid-state batteries at pre-production speed and volume, illuminating a clear path to mass production and reaching economies of scale.” Factorial quasi-solid-state batteries are designed for higher energy density and safety compared to today's lithium-ion wet batteries. Factorial Energy Press Release At the start of October 2023, Factorial started to ship to EV auto companies' samples of their 100+Ah lithium-metal battery cells sized to meet the needs of the auto industry and certified passing the UN 38.3 safety tests. Stellantis, one of the few auto manufacturers to go on record has stated that Factorial Energy solid-state batteries are 30% denser than today's lithium-ion batteries. This allows Stellantis to deliver two ways, lighter vehicles and those that have a much longer driving range. Stellantis back at CES 2023 keynote stated that they are working with Factorial to deliver a second-generation version that will be 50% denser than today's lithium-ion batteries. The 100 Ah solid-state battery cells are delivering on the promises Factorial has made and looks that a second generation battery cell expected by 2030 could give Stellantis and other auto companies that have invested a future of where the auto industry will be going in this decade as Factorial has stated that their solid-state cells will provide a 20 to 50 percent higher energy density based on use case and that it directly translates to a 20 to 50 percent greater range. Could this be a potential jump on finally moving society to EVs?
  15. Factorial loves to quote Thomas Edison who in 1883 said the following: "The storage battery is, in my opinion, a catchpenny, a sensation, a mechanism for swindling the public by stock companies." Factorial states that this sentiment is true and has been held over the last 138 years till now. Investing in solid-state battery R&D over the last 6 years has allowed Factorial to create their proprietary FEST (Factorial Electrolyte System Technology). Factorial held their grand opening ceremony at their state-of-the-art solid-state battery production facility in Methuen, Mass. Siyu Huang, CEO of Factorial stated the following: “We are thrilled to open our next-generation battery facility in Massachusetts as we scale our batteries for mass production,” said Siyu Huang, CEO of Factorial. “This facility will enable us to manufacture cells to meet the needs of our automotive partners and progress our mission to commercialize solid-state batteries. As a U.S. company, we’re also proud to contribute to the onshoring of battery manufacturing for EVs and advancement of battery innovation for a differentiated supply chain.” This opening represented a $50 million investment and creation of over 150 local jobs. The current footprint of this facility will enable Factorial to ramp up Solid-State battery production to a maximum output of 200MWh annually, making this the largest solid-state battery assembly line in the U.S. Former Chairman and CEO of Panasonic Corporation of North America and current Executive Chairman of Factorial, Joe Taylor made the following statement: “Factorial continues to drive the battery industry forward and this milestone is no exception, automaker demand for American-made batteries is high to produce electric or hybrid vehicles that qualify for incentives. Our facility will manufacture automotive-sized solid-state batteries at pre-production speed and volume, illuminating a clear path to mass production and reaching economies of scale.” Factorial quasi-solid-state batteries are designed for higher energy density and safety compared to today's lithium-ion wet batteries. Factorial Energy Press Release At the start of October 2023, Factorial started to ship to EV auto companies' samples of their 100+Ah lithium-metal battery cells sized to meet the needs of the auto industry and certified passing the UN 38.3 safety tests. Stellantis, one of the few auto manufacturers to go on record has stated that Factorial Energy solid-state batteries are 30% denser than today's lithium-ion batteries. This allows Stellantis to deliver two ways, lighter vehicles and those that have a much longer driving range. Stellantis back at CES 2023 keynote stated that they are working with Factorial to deliver a second-generation version that will be 50% denser than today's lithium-ion batteries. The 100 Ah solid-state battery cells are delivering on the promises Factorial has made and looks that a second generation battery cell expected by 2030 could give Stellantis and other auto companies that have invested a future of where the auto industry will be going in this decade as Factorial has stated that their solid-state cells will provide a 20 to 50 percent higher energy density based on use case and that it directly translates to a 20 to 50 percent greater range. Could this be a potential jump on finally moving society to EVs? View full article
  16. This is very cool to read, GM has a press call today and it was very informative. Chevy Equinox EV priced at $34,995—with an estimated 319 miles (greencarreports.com)
  17. My son did all his maintenance and followed their schedule to ensure long life. The fact that the motor has blown heads due to a leaking water pump that leaks internally into the motor and possibly the dropped valve steams make him never want to buy another Jeep again. I have since run into multiple coworkers that have had Jeep, Dodge and Chrysler products with the 3.6 and have all ended up dumping the autos due to motor issues. They said they would never go back to Stellantis as even right out of warranty, and they deny that any of it is their cheap engineering of the 3.6 motor. If you buy it, good luck and yes get long term warranty as I keep finding more and more reported issues. Right now Mopar is not making any of the parts or 3.6 crate motors. Yes the strike has caused some issues, but from what I have learned trying to find a new motor for my son to buy and put into the Jeep is that the problems are real and not even 3rd party companies like Jasper motors is building them now until all the issues are resolved by Stellantis. I can see a class action lawsuit coming due to the terrible 3.6L V6 motor from Stellantis.\ Speak of the Devil and look what I found. Hearing a Ticking Noise? FCA Hit with Class Action Over Alleged 3.6L Pentastar V6 Engine Problems Chrysler Pentastar 3.6L Problems Cause Class Action Lawsuit | CarComplaints.com Chrysler, Dodge, Jeep, Ram Engine Lawsuit | US Auto Law FCA Defective 3.6L Pentastar V6 Engines Class Action (classactionsreporter.com) Ticking, Knocking Noise in Engine? | Chrysler, Dodge Jeep Lawsuit (classaction.org) Last one is the most current and it is expanded beyond the 3.6L V6 to include all Dodge, Chrysler, Jeep and Ram autos from 2008 to 2021 that had V6 or Hemi V8 engines. No wonder Stellantis is wanting to dump the Hemi and 3.6L V6 engine for newer engines, as it would appear they are looking at major lawsuits here in the U.S.
  18. Would love this car built with todays quality of a CT Blackwing and an AWD electric powertrain.
  19. Sounds like the PNW as you have to go to the mountains to find snow usually. If we get two weeks a year of below freezing temps around greater Seattle that is a longer than normal winter.
  20. Found the Press release: bp boosts EV charging network with $100 million order of Tesla ultra-fast chargers | News and insights | Home Deal with bp pulse marks first time Tesla’s ultra-fast chargers will be purchased for deployment on an independent EV charging network. Agreement forms part of bp’s plans to invest up to $1 billion in EV charging across the US by 2030. As early as 2024, Tesla chargers will be installed across the bp pulse network, including at key bp, Amoco, ampm; and Thorntons-branded sites, TravelCenters of America locations and at bp pulse’s large-scale Gigahub™ charging sites, near airports and in major metropolitan areas across the US.
  21. Here we are opposite, my perfect year: 1 month of spring 2 months of summer - Gotta keep the wife happy. 1 month of Fall 8 months of Winter - Ski season baby!!!!!! Have to say I am excited by this. BP Buying $100M Worth of Tesla EV Chargers: What's the Big Deal? - CNET
  22. Course Tesla will survive as companies buy their Supercharger stations and install them such as BP buying $100,000,000 million of them. BP Buying $100M Worth of Tesla EV Chargers: What's the Big Deal? - CNET
  23. I took the time to add up all the quarters, I did look at all the financials and yes the last few years were profitable, but I did this fast so if messing up on 2021 is all that I missed then my bad, but over all the counter point to SMK BS is that Tesla has BLEED money for over a decade before making a profit and here we have Legacy auto companies that have done what Tesla took 2 decades to do in a couple of years, so yes losses are going to be high at the start for anyone.
  24. Tesla never got the cost out at first, they made sure to recover as much R&D as they could. Startup costs are always high and has been high as Ford & GM even Hyundai/Kia/Genesis drove from nothing in a few years to what they have today, a far faster ramp up time that does require money compared to the decade plus ramp up Tesla did before as a publicly traded company they started to pay more attention to the cost of production. Let's also stop your LIES on costs, the costs are NOT 50% higher. Current ICE RS model off their own online build Off their Blazer EV info page as it is not in the builder yet. If we are to go with your HYPERBOL then the Blazer EV RS would be starting at $80K if we go off ICE MSRP or if we were to go off their current posted MSRP for an EV it should be $90K to start. This does not take into account the huge difference between the ICE and EV in HP, Torque, Interior standard items based on the Chevrolet web pages. Some companies I would agree with you that they are a horse with blinders on about Tesla, Ford, GM, Hyundai, Kia, Genesis it is very clear they do see Tesla as a threat and unlike Tesla that took decades to ramp up battery production as one example, GM, Hyundai, Kia, Tesla are ramping up production far faster than Ford has done and especially Tesla. They will be able to use economy of scale to drive down costs.
  25. @smk4565 @ccap41 Tesla has been well covered about loosing money even in 2020 and them selling clean air credits since they do not produce ICE auto's is how they have made money as they have not made money on EVs until the last couple of years. Tesla Loses Money On Every Single Car: Here's Where The Profit Hides (motorbiscuit.com) Even in 2021 Tesla DID NOT really make money as it was the Automotive Regulatory Credits that saved their ass. 2022 and 2023 are the first years they are actually making money but even then the ARC's are still an important sales point especially to Stellantis and adds a noticeable profit to their bottom line. Even CNN covered this in 2021. Tesla's dirty little secret: Its net profit doesn't come from selling cars | CNN Business Tesla lost hand over fist money from 2003 when it started till end of 2021. 2010 is when it did their IPO and so while Tesla will not say how much money lost each year from 2003 to 2010, we do have their regulatory filings from the IPO moving forward to really show their profit and loss. Tesla Gross Profit 2010-2023 | TSLA | MacroTrends The green operating income is due totally from the ARC credit sales to other auto companies especially Dodge/RAM/JEEP Net Income shows a clear picture of how much money Tesla lost before becoming profitable. So I am only human and I could have mis-read a quarter report, but I wanted to know just how much money Tesla has lost till they started turning a profit that did not rely on the ARC credits which happened in Q2 of 2022. From the start of 2010 to the end of Q1 2022 Tesla has lost a total of $28.605 billion dollars. From Q2 2022 to Q3 2023 Tesla has generated $34.072 billions dollars. The financial reports show that Tesla has peaked in end of Q4 2022 @ $5.777 billion for the 4th quarter and since then we have Q1 2023 $ 4.511 Billion, Q2 2023 $4.533 Billion, Q3 2023 $4.178 Billion. I did not take out the on average of half a billion dollars per quarter for ARC sales that Tesla still makes but one can easily see that the profits then barely hit $4 billion per quarter. Based on this data one could say that Tesla's prime days are over and we will continue to see declines in profits even if sales continue to go up since they are cutting prices to drive sales which always affects profits and is a reason why their stock is tanking in price since they announced their dismal Q3 financials.
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