Tesla reports 1.1% sales drop for 2024, first annual decline in at least 9 years

Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by SoftTalker on Thursday January 02, 2025 @03:37PM (#42578572)

I should probably sit down and do the math on elecricity vs. gas and the payback time, but for reference I am something of a bottom-feeder when it comes to cars. I have pretty good success with used ICE cars in the $4-6k range. I look for southern cars with no rust/salt damage. They are out there, but you won't find them on Carvana.

My current daily driver is a 20 year old Mercedes E class that I bought for $4k. It's a V8 and takes premium gas, but I average close to 20mpg and don't really drive enough miles for that to be a huge dealbreaker. With $4/gal gas I might burn $8/day with typical driving. That might be roughly 10 kWh in a Leaf? I don't know what the losses are in charging but if that's 20 kWh to recharge, that would be maybe $4/day? So I'd save maybe $80/month if I drive 20 days a month? That's all very wild guesstimating but seems like it would take 10 years to pay back the price difference, also considering that I could not really drive the Leaf on any longer trips at all.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by floxy on Thursday January 02, 2025 @03:53PM (#42578749)

Charging efficiency is ~85% efficient. As far as I can tell, when it comes to used cars in my area, $10k is the new $4k. No way would I buy a $4k car any more, and I'm in the market for a beater for a kid's car. $4,000 buys a 2003 Toyota Corolla with 250,000 miles and 9 previous owners and some moderate damage according to CarFax.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by SoftTalker on Thursday January 02, 2025 @06:25PM (#42580188)

You have to look around but better cars are out there. I bought a '04 Mercedes E500 for $4k about 2 years ago. Had about 160k miles, no rust. Was it perfect, certainly not. Had some wear and tear but fundamentally was a solid car. I still see them in this price range today.

I totally get that someone might not want to deal with the unknowns and risks of a 20 year old car.

Good to know that the charging efficiency is better than I guessed. I'll have to run the numbers again next time I'm needing a car. EVs have an appeal, no doubt. But for me they have to make economic and practical sense.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by mu53 on Friday January 03, 2025 @12:37AM (#42582842)

German cars tend to be cheap because maintenance costs are crazy. The have more parts, and each part is more expensive.

You could easily get hit with a mechanic bill for greater than the value

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by bryanlarsen on Thursday January 02, 2025 @04:25PM (#42579109)

40 miles is about 10kWh, yes, which would be 11.5kWh at the meter. I pay 7cents/kWh, so you're paying about 10X per mile as I am for fuel. I've driven old BMW's, and I had to budget about $3k/year for maintenance & repairs, I imagine your Merc is similar. So you're spending $400/month for your "cheap" car.

A 3 year old Tesla for 20K would likely save you a considerable amount of money.

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Re:Tesla reports 1.1% sales drop for 2024, first annual decl... by SoftTalker on Thursday January 02, 2025 @06:27PM (#42580210)

I do my own maintenance and repair and don't spend anything close to that (not counting my time, but it's a hobby for me). Insurance and registration is also cheaper.

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