Do customers really believe the current exceptionally low oil prices are going to be a permanent feature?
Re:Tesla Q1 2020 Update
by mrguyorama on Thursday April 30, 2020 @11:53AM
(#23032218)
Last time the oil price went down this aggressively coincided with the massive uptick in people buying SUVs
Oil futures are under $40 all the way through the end of 2022: https://www.marketwatch.com/investing/future/clz22
I fully accept I may be wildly out of touch with the common man, but I tend to be thinking of 8-10 years product life when I'm considering the TCO of a new vehicle.
Oil futures don’t go that far out unfortunately
I personally don't, and I suspect a lot of others do not either.
Personally, I'd take an EV over even a high performance ICE car in terms of everyday driving fun. I used to drive a hardtop 335, and really loved that thing, but there's no throttle delay on the Model 3, let alone turbo lag.
That becomes a harder sell when the Model 3 is actually more expensive to operate, as it is in some places now.
Its not that they are buying to save money vs the economical choices, but it does make a difference relative to their comps (RWD & AWD sport sedans).