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“If you buy a Tesla for $60,000 and a year later, it’s worth $45,000, but a Tesla changes the starting price of a new model to $50,000, your used Tesla will instantly be worth less.
If you're thinking about ditching gas for an EV, you've probably considered the biggest name in the industry and the brand that brought electric cars to the masses -- Tesla. Most automakers have...
How did Tesla do in the fourth quarter? Tesla's fourth-quarter profit margin from vehicle sales, excluding regulatory credits, fell to 13.59% from 17.05% in the prior three-month period, according ...
It incurred a $195 million charge because of the depreciation of its EVs, a hit made more acute by Tesla slashing its prices. Hertz said its vehicles had monthly depreciation costs of $592 per car ...
Included in the book Automotive Atrocities: The Cars We Love to Hate, author Eric Peters made note of Fuego's poor performance and poor reliability combined with difficulty in sourcing replacement parts and finding a mechanic that knew how to service a Renault, leading to rapid depreciation that reduced Fuegos to being completely worthless when ...
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Tesla’s fourth-quarter adjusted profits rose slightly amid a big push to sell its electric vehicles with offers of zero financing and other incentives, but the results still fell short of Wall ...
Hertz also expects to book an about $245 million charge related to depreciation expenses from the proposed EV sale in the fourth quarter of 2023. ... The car rental firm is selling some Tesla ...