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LIVE BLOG: Tesla Q1 2024 earnings call

Teslarati

Tesla will aim to optimize its buying process for it would be possible to “buying a car in under a minute.” Musk also mentioned that Tesla may buy back shares down the line. ” 17:00 CDT – A question is asked about Tesla’s affordable car. Musk noted that he thinks Tesla’s Q2 will be better.

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The Number of People Willing to Buy an EV Has Declined Since 2023

The Truth About Cars

Fewer potential car buyers are likely to consider an electric vehicle than they were at this point last year. American car buyers are 14 percent less likely to buy an EV than they were in 2023, down to 34 percent from 48 last year. That’s the message from the recently released EY Mobility Consumer Index, which came out this morning.

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Study: People Want to Buy EVs but Costs Are Still Too High

The Truth About Cars

One of the things that EV antagonists often cite is a lack of buyer enthusiasm for electric vehicles. A recent study from KPMG found that most people are interested in buying an EV, but many cite affordability as a hurdle to ownership.& As it turns out, the demand is there, but costs are a significant hurdle for buyers.

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LIVE Blog: Tesla (TSLA) Q3 2021 earnings call summary

Teslarati

As for the company’s vehicle pricing strategies, the CFO noted that there seems to be a profound awakening among consumers about electric vehicles. We want as many people as possible to afford our products,” the CFO said, noting that this is key to the company’s mission. It’s so notable that Tesla has practically been caught off guard.

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‘Cybertruck could be as mainstream as the Tesla Model Y’: analyst predicts

Teslarati

In a recent blog entry, ARK Invest wrote about the Tesla Cybertruck’s demand. Notably, Cybertruck search volume originated in truck-loving geographies, potentially suggesting [a] desire to buy,” Korus concluded in the blog. We’ll make as many as people want and can afford,” Musk added. In addition to 1.5

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Report: Average New EV Prices Fell Below Tesla's Average for the First Time in Over a Year

The Truth About Cars

Despite saving owners some money on fuel, electric vehicles have remained more expensive than their gas counterparts. While its vehicles aren’t “cheap,” Tesla offers two of the most affordable EVs on sale today. Buyers are also buying more used EVs than before as prices have fallen.

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New Jersey Approves Additional EV Road Use Taxes

The Truth About Cars

As more electric vehicles hit the roads, states are grappling with the change in tax revenues they’re seeing as a result. EV buyers don’t pay gas taxes, slashing millions out of state highway budgets and making it hard to afford planned improvements.