The Tesla Cybertruck is a unique electric truck that looks very different from regular trucks because of its sharp, futuristic shape. It's important because it uses electricity instead of gas, which is better for the environment. Recently, the price has dropped, making it more affordable for people interested in buying it.
The Ford F-150 Lightning is an electric pickup truck from Ford. It's designed to be powerful and efficient, making it a popular choice for those who want a truck without using gasoline.
Barrett-Jackson is a well-known auction where people buy and sell special cars, often classic or collectible ones. It's a big event for car enthusiasts.
Battery electric pickup trucks are trucks that run on electricity instead of gasoline. They are becoming more popular as people look for cleaner options for transportation.
Off-roading is when you drive a vehicle on rough surfaces like dirt or rocks instead of regular roads. Special vehicles are made to handle these tough conditions.
Four-wheel drive means that all four wheels of a vehicle can get power from the engine at the same time. This helps the vehicle drive better on rough or slippery surfaces.
The Acura ZDX is a fancy SUV that looks sporty and has a lot of nice features inside. It's important because it tries to mix performance with luxury for a comfortable ride. People are talking about the new models coming out and how they fit in with other cars in the Acura lineup.
The BMW M3 is a fast and sporty car that is a special version of the regular BMW 3 Series. It's known for being really fun to drive and has a lot of luxury features. People talk about it because it sets a standard for how good a sports car can be.
The Tata Motors Aria is a vehicle that can be used like an SUV or a minivan, making it great for families. It's special because it offers a lot of space and flexibility for different needs. There are talks about it being discontinued, which means it might not be available anymore.
The Ram 1500 is a big truck that people use for work or to carry things. It's popular because it's strong and has a comfortable interior. Recently, there have been talks about new versions and features that make it even better.
The Volkswagen ID. Buzz is a new electric version of the old VW bus that many people loved. It's special because it combines a classic look with new electric technology. There are talks about it being discontinued in the U.S., which means it might not be available for much longer.
The Tesla Model S is a fancy electric car that can go really far on a single charge. It's important because it shows how good electric cars can be and has changed how people think about them. There are talks about it being discontinued, which means it might not be available for much longer.
The Tesla Model X is a large electric SUV that has cool doors that open upwards. It's significant because it helps show how electric vehicles can be practical and stylish. There are talks about it being discontinued, meaning it might not be sold anymore.
The Dodge Charger Daytona is a special version of the Dodge Charger that focuses on high performance and sporty features. It's part of the muscle car tradition in America.
The Jeep Renegade is a small SUV that can handle rough roads and is great for city driving too. It's important because it gives people a taste of the Jeep experience without being too big. There are talks about its electric version, which means it might be changing to use electricity instead of gas.
The Jeep Gladiator 4xE is a hybrid truck that can run on both gasoline and electricity. It's designed for off-road adventures while being more environmentally friendly.
Depreciation is when a car loses value as it gets older. This is something to think about when buying a car because it affects how much the car is worth later on.
The Ford Lightning is an electric truck that offers the same utility as a regular pickup but runs on electricity instead of gasoline. It's designed for people who want a powerful truck without the emissions.
Battery electric vehicles are cars that run only on electricity and don't use gas at all. They are better for the environment because they don't produce exhaust fumes.
Sunk costs are money that has already been spent and can't be gotten back. When making decisions, you shouldn't let this past spending affect your choices about the future.
The Fisker Ocean is a type of electric SUV made by Fisker. It's designed to be environmentally friendly and is becoming popular, especially among rideshare drivers.
The Hyundai Ioniq is a small car that comes in different versions, including electric and hybrid, which means it can save on gas. It's important because it shows how car companies are trying to be more environmentally friendly. People have been talking about their experiences with leasing it and what that means for the future.
The GM Hummer EV is a new electric truck made by GMC. It's designed to be powerful and can go off-road, but it has a high price tag and is now selling for much less than it originally cost.
The Alfa Romeo Tonale is a stylish small SUV that is new to the electric vehicle market. It's important because it tries to appeal to younger buyers while keeping the sporty feel that Alfa Romeo is known for. People are talking about how much it costs and how well it's being received.
The Volkswagen ID.4 is a new electric SUV that has lots of space and modern features. It's important because it's one of the first electric SUVs from a well-known car company. People have been talking about their experiences with it, including some problems they've had.
LIVE
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It's noon here in Ventner City, New Jersey, and our nation's capital, Washington, D.C.,
and this is Car Edge Live for Feisty Friday, February 20th with your host,
me, the Feisty One in Ventner City, and Zach, sitting there nice and relaxed.
In Washington, D.C., how are you today, handsome?
What is going on in D.C. or hell must be breaking loose?
These vehicles are worthless now.
Desperate for mode activated for the auto industry.
Man, do we have some interesting stories to cover today.
Before we do, Dad, happy Friday, February 20th.
Everyone, today's show is brought to you by caredge.com.
For those of you, yeah, they're like my dad and you've got a little edge, a little face.
Do you want to get that?
Yeah, take it out.
You know, you just go to car edge.
That was bad, man.
Anyway, just go to caredge.com.
We're running a promo right now.
$200 off our car buying service, 20% off Car Edge Pro.
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Here, as a friendly reminder, y'all, we're in the business of providing you a car buying service.
Dealer outreach, negotiation, contacting dealers, comparing real offers,
helping you get the best deal.
That's what we do back at caredge.com.
Now, Dad, the big story that I wanted to start with this morning.
Vehicles that are worthless, well, you know how they become worthless?
They end up getting their price cut significantly.
And here we go, Dad.
Cheaper Tesla Cybertruck arrives while CyberBeast gets a $15,000 price cut.
We've now seen, Dad, and I feel very, very, very bad.
For those who over the past few years bought new electric vehicles and in particular new
electric pickup trucks, you have Tesla cutting the CyberBeast price by $15,000.
That means, obviously, those previously sold ones are worth a heck of a lot less
than those owners thought.
And you had Ford completely get rid of the F-150 Lightning.
So unless they're going to become a collector's item, which I think Barrett Jackson might be
doing auctions on them in 15, 20, 30 years, these people, Dad, bought vehicles that are
going to be quickly becoming worthless because the desperation of automakers,
they realized people aren't buying them.
What do you make of this Tesla news, Dad, to slash prices here of the CyberBeast?
The CyberBeast, according to those in the know, at the time it was coming out,
was going to be the greatest thing since sliced bread.
And everybody, and I mean everybody, was going to have one.
Yeah.
And as it has turned out, it has been one of the slowest selling greatest things
since sliced bread that has ever been manufactured.
The initial excitement for the Cyber Truck and the CyberBeast was unbelievable.
And then like the 3,000 people that wanted one got one.
Okay.
And then this concept that everybody, this is going to change pickup trucks forever,
it didn't and it hasn't and it won't.
And it is by cutting the CyberBeast down to $99,950, that $15,000 price cut.
The truth of the matter is, if you can afford $100,000, you can afford $115,000.
So I don't know that it's going to spur sales of the CyberBeast.
The fact that they are now going to offer a Cyber Truck at under $60,000, well that, I don't know.
Is there a story here, Dad, about these vehicles becoming like depreciation load anchors?
Like that's what it has to be for prior purchasers.
You know, I think you suggested that they'll be showing up at Barrett Jackson in 20 to 30 years.
I think it could be next week.
You know, I don't think it's going to take all that long for people who have Cyber Trucks
to say, okay, enough is enough.
I don't want it anymore.
I don't know what the hell I'm going to do with it.
Yeah, it was a way for Tesla to admit that perhaps they made a mistake.
Well, what do you think, because it's not just Tesla, Dad?
What about Ford with the F-150 Lightning?
If I bought a brand new F-150 Lightning two years ago and I'm sitting on that now,
I mean, I'm upside down significantly on what I owe on that vehicle versus what it's worth.
Those things have depreciated like crazy as well.
There are many vehicles that these manufacturers have gotten desperate on,
whether it be reducing the MSRP's of them or purely getting rid of them from the market
that are now worthless to a degree.
I mean, worth significantly less.
Maybe that's the right way to say it.
They're not worth less.
They're worth significantly less than they originally were.
It seems to me that for the most part, everybody has pretty much played their hand incorrectly
when it came to what they hoped would be the popularity of battery electric pickup trucks.
You know, if you're in a four-wheel drive pickup truck and you like to go off-roading
and go out into the wilderness, you can carry extra cans of gasoline with you.
It's hard to carry that generator that's going to recharge an electric vehicle
if it runs out of electricity in the middle of nowhere.
Very sure, but you know many of the people that are buying these things
aren't actually even doing that with their full-size pickup trucks.
My point is that it doesn't really serve the purpose it was marketed to serve.
Yes, if you want a giant-ass off-roader like a cyber beast or something like that,
and your idea of it going off-road is, well, when you pull it into your driveway,
you accidentally touch the lawn, then it's perfect. If your idea is to use it as a
four-wheel drive pickup truck out in the wilderness, it was never going to be perfect.
It's not perfect. The majority of the American population has spoken that at this particular
point in time, they're not interested A, in electric pickup trucks and B,
really, in electric vehicles in mass numbers. That could be different in Europe.
I want to focus on that because the title of today's show are These Vehicles Are Worthless
Now. I'm going to pull up a list of its continued electric vehicles because that's
essentially what Tesla started to indicate here. They haven't made the cyber beast or
cyber truck discontinued. Far from it, they just decreased the price of it by $15,000. That could
be a leading indicator to what they did on the S and the X, which they did discontinue.
There's a laundry list of vehicles that have been paused or discontinued heading into the 2026
model year, accurate with the ZDX for all of these debt. I want you to think, are you the person
who bought this at MSRP a year or two years ago, what that means for it sitting in your
driveway? Accurate ZDX discontinued, Ford F-150, planned for replacement, but that's been
discontinued, the F-150 Lightning, GM with the bright drop electric vents discontinued, Genesis
with the electrified G80 discontinued, Nissan with the Aria discontinued, the Ram 1500 Rev,
they didn't even bring it out. Tesla got rid of the Model S and Model X, and the ID Buzz has
been discontinued in the United States. Other vehicles, the Dodge Charger Daytona, the SRT
Banshee, the Jeep Gladiator 4xE, Renegade EV, and various other Mercedes EQ models have all
been discontinued, and we also have some manufacturers who have gone under as well.
Biskar and Lordstown kind of being the most notable names there. Those vehicles, I want to be
very clear, are worthless. The Tesla story today, I think, indicates for many people,
we've got a lot of comments in the chat too, those Cybertrons are worth a heck of a lot less
than they previously were. Yeah, I mean, if you bought one of those vehicles and the bet was
that you bought it and that it wasn't going to depreciate as quickly as other vehicles,
it was a bad bet on the buyer's part. Ultimately, the vast majority of buyers spoke,
and they spoke in terms of not buying these vehicles, and the manufacturers have backtracked,
so those who own them are left holding the bag. Yeah, I mean, if you bought a lightning,
the market for a pre-owned lightning is a lot smaller today at a lot lower price point today
than you would have suspected. We have seen for the last two or three years that some of the
fastest depreciating vehicles out there were battery electric vehicles. Those were, nothing
was depreciating faster, losing more of its original value quicker than, excuse me, than EVs.
This is just going to make that decline, it's going to speed it up even more. If you bought
a Cybertruck or a lightning, and you've had it for three years, and after three years,
maybe it holds 30% of its value, I guess the good news is it doesn't have much less to lose,
it doesn't have that much more, it can possibly lose. If I was your broker, and I said to you,
hey, give me $100,000 today, I'll show you how to turn that into $30,000 in three years,
buy this vehicle, you'd fire me as your broker. You might fire Tesla as your brand of choice,
you might fire Ford as your brand of choice. You might applaud Ram for having enough sense
to say, we're not even going to build the damn REV anymore, because we realize there's no market
for whatever our sunk costs are, there are sunk costs, but we ain't putting any more money into
it. So, yeah, those people that bought some of these, yeah, they're holding the bag.
I think the alternative headline for today's show is, these vehicles are depreciation bargains
on the used car market. That's the alternative is, if you've been waiting around trying to get a
cyber beast, don't go buy a new one, even with the $15,000 price decrease, the one that was sold a
year ago, the owner who's holding onto that, that thing's upside down, that thing's worth a heck of
a lot less because of these decisions on the new ones. So, these are the vehicles that are
depreciation champions that you can ultimately get a big discount on. If you are one of the few
people that actually want a battery electric pickup truck, a Ford Lightning, a cyber truck,
whatever it is, if you can buy it at 30% of its original value, well, that's a hell of a deal for
you because all you can possibly lose is the additional 30%. So, if you're buying a $100,000
pickup truck for $30,000, the most you can lose is $30,000. The original owner lost $70,000. So,
if you want to experiment with one of these vehicles, pre-owns the way to go. You're protected
because there's only a limited amount of loss left to have. When I used to appraise vehicles,
you know, sometimes I'd look at a vehicle and I'd go, my God, it's really a piece of crap. But,
you know, if I put $1,500 in it and I'm wrong, what's the worst that I can lose is $1,500.
Yeah. So, if you factor in the worst case scenario that it just absolutely positively
collapses onto itself, if you buy one of these for $20,000, $30,000, even if you only keep it
three or four years, if you bought it for $20,000 and you keep it for four years, it
costs you $5,000 a year, that's pretty cheap. All right. So, that's the alternative headline here,
is these vehicles are worthless. Now, go get a used car and parking. And to be clear here, Dad,
if you go to like New York City, there's Fisker Oceans everywhere, everywhere. Like every rideshare
driver drives a Fisker Ocean. And it's obvious why, because they were dirt cheap to get their hands
on when Fisker went out of business. You know, is that necessarily what you want to be driving
around? And that's a decision for you to make. But if you're looking for a bargain, especially
relative to its original MSRP, the indication obviously here from Tesla with a $15,000 price
decline is, hey, we overprice these things. Ford pulling vehicles out of the market, the whole
laundry list of discontinued EVs that we went through a moment ago. Go find yourself an Acura
ZDX steel. That might not be for everyone. That might not be everyone's cup of tea. But for the
person who's it is, that thing is worth a heck of a lot less today than it was when they originally
brought it to market. All these vehicles on this list are. And you know what? To a decree, that's
good news for those who are interested in these cars. Oh, absolutely. I mean, you look at the
list and you realize that all these manufacturers played their hands poorly. It's that simple.
You know, they went all in when they thought they had a winning hand. And what it turned out to be
was a bluff. The losers here, dad, are the automakers, obviously, and the unfortunate autumn.
And the poor. The people who lease them, fine, because they're just going to turn their lease
in at the end of the lease term. But the people that bought these and financed them, that's
what I think they're not here. Here's the next really interesting thing in regards to this.
All the people who did lease these battery electric vehicles and their three year leases,
and those leases are coming too. And the residuals, the value of the vehicles is nowhere near the
residual value. What do these leasing companies do with these things? If the residual value was
based at 50% depreciation in three years, and it turns out it was 75% depreciation in three years,
it appears to me that the leasing companies on the hook for that 25%. This could get really,
really ugly for all those leases, because ain't nobody going to buy out their lease at the end
when it's worth 25% or 50% less than its residual value. You might want to buy your lease out if
it's worth 20 to 25% more than the residual, but you're not buying it when it's worth 25 or 30%
less than its residual. So what are they going to do with those? Realistically,
every one of those should be sold at a yacht lot. I can't think of a better way to utilize them.
From space, I'm not buying out my Ioniq lease. What's the incentive to do that? It's obviously
worth less than what the leasing company thought it was going to be worth. These leasing companies,
dad, who lease these EVs are going to be holding the bag big time on a bunch of vehicles that they
have scribed a certain value to at the beginning of the lease contract that are now GM Hummer EVs that
sold MSRP when they came out at over $200,000 or now under $75,000 at auction. This class,
this subset of vehicles, are worthless. They really are relative to where they had them.
Relative to their original value that was placed on them. For whatever reason,
I actually went to fill up my gas tank the other day. I had to stop at the gas station for the
first time in six weeks. What drove past me as I was driving to the gas station was a Hummer.
I was thinking to myself, A, why do you need anything that big and that heavy?
B, how important is it that every time I've seen a commercial for those things,
they're always showing off the fact that it can crab walk? I keep thinking to myself,
I can't remember the last time I was ever in a vehicle and I said to myself, damn,
I wish I could go sideways for a minute. You look at some of this stuff and you think about
how they were marketed and how they were sold. It's like, what kind of bill of goods were people
paying and buying? It is almost as if you can convince Americans to fall for any.
Well, you can. I think it was a PT Barnum. PT Barnum said they're a sucker born every minute.
I mean, when you look at some of this stuff, it is painfully obvious that, yeah, it is.
Johnny Dubbs says, I didn't know Car Edge was the EV haters club. It's not the EV haters club.
It's the reality of the situation here in the United States. You can either accept the fact
that the vast majority of the American buying public said, we don't want them at any price
or you can believe that it is the way to go. And it very well might be the way to go. And in Europe
and in other smaller countries, it seems to have worked out better than it has here. But if I had
a place to charge one, maybe I would own one if it was cheap enough. And obviously, if I were to own
one, it would be a used one that somebody bit the board on and they took the giant ass loss,
not me. I'll be good now. Hey, man, I get you. I got it. Unfortunately, we're in the business
of just reporting the data. What's going on out there? Let's pull this up here, dad, from Daniel
because it also has a good corner point for this. Thank you for this, Daniel. Isn't the market always
shifting? Years ago, V8 pickups and SUV values crashed and all we wanted were fuel economy cars.
Shortly later, all wanted big V8s. Again, you've talked about this ad nauseam.
Yeah, speak to your experience in Arizona selling cars and what happened during that time.
That happens every time gas prices go up. Okay. When gas is cheap, people buy big pickup trucks
and SUVs with the big V8s that get 12 and 14 miles in a gallon. And when gas goes up to five,
$6 a gallon, those people suddenly say, oh, this costed me $300 a month just in gas to drive. I
went out of it. And they take huge losses to suddenly go into something that is more fuel
efficient rather than just riding out the high prices for the time being. I mean, I can't tell
you how many times people would come in with a big pickup truck and take a huge loss to get into
something that was more fuel efficient. When I was at the mini store and there was a gas crisis,
oh my God, if we couldn't absolutely positively steal the trade because we had no idea what the
bottom was going to be for those things, we wouldn't take it in because the likelihood is that whatever
value we ascribed to it was higher than ultimately it was going to be. And so, yeah, I've seen,
I've lived through these cycles so many times. And then when the people that traded in their big
gas trucks for minis, when gas got cheap again, they traded in their minis at a loss for big
gas trucks again. It is, we as a society are the easiest society to put a ring through our
collective nose and just pull us along. You know, we just forget to think sometimes and we fall
prey to all these marketing gimmicks. I want to show you another comment here, Dad, from
AirToolMan. Least in Alfa Romeo Tonale, my buyout was $42,000. The dealer bought it from
Ally for $21,000. Okay, sounds like Ally took a hell of a loss. Boom, this is not an EV to be
clear, but this is a vehicle that's worthless now. Yes, well, it was worthless before it was...
Well, it's not like Alfa Romeo was... It wasn't when their comeback, they've ever been big and
really sold in volume. It is an alleged aspirational Italian vehicle. And truth of the matter is,
if you want an aspirational Italian vehicle, I believe it would be a Ferrari or a Lamborghini,
but not an Alpha. Let's come here for those of you that aspirationally want to get a good deal
on your next car. A friendly reminder that today's show is brought to you by CarEdge.com.
We have a promotion running right now, $200 off our car buying service, 20% off CarEdge Pro.
Again, for those of you that are unfamiliar, we offer car buying services at CarEdge.com.
Dealer outreach, negotiation, contact dealers, compare offers help you get the best deal. We've
helped hundreds of thousands of people over the last six years. What a humbling proposition it is
to be in the position that we are. So thank you to everyone that supports us. Let's switch gears, dad.
And literally, let's switch gears. Nissan recalls $318,000 ROG SUVs with
self-destructing throttle bodies. The broken throttle body can keep the road from moving
forward or backward. Shocker, that increases the chance of a crash. Well, it only increases the
chance of a crash if it moved forward or backward. But if it doesn't move forward or backward,
the likelihood of a crash has been greatly diminished in my mind. If it can't go anywhere,
the likelihood of you getting in an accident is pretty remote.
You know, it's concerning about this, dad. Obviously, the recall itself, but the fact that
it is for 2024 and 2025 model year vehicles, Nissan estimates 100% of the recall population
to be affected by the issue. Yeah, they've already had, I think, 3,100 or 3,300 warranty claims.
Yeah, it is a situation where when the vehicle starts up and it goes through some software
things at the beginning, some of the gears within this throttle body can,
well, weaken and crack and break. And that's not a good thing.
You know, and it's not a good thing for Nissan when their cash strap to begin with,
and there's 318,781 ROGs that they have to come up with a fix for.
Yeah, last time I checked that, that comes out of air pockets, not the customer,
not the dealer. That's from Nissan corporate, correct?
Oh, absolutely. The dealer is going to love it unless the warranty pay on it is much below normal.
But yeah, it's going to cost them millions upon millions of dollars
to correct all this. So it's unfortunate that's what happens when you use cheaper and weaker parts.
Seriously, well, here's another example, Dad. Let's bring this up from the Automotive Retired
Guy. Thanks for the kind contribution, David. We appreciate it. Yes.
Happy 55 birthday. Congratulations. Happy birthday to you.
Happy birthday. Love that. On my second lemon law, repurchase 2025 Volkswagen ID4 Pro S Plus.
No more VW Group vehicles, period. Whoa. I had no clue that David had another buyback
of his ID4s. This is like the perfect storm here. The ID4s are the worst selling vehicle in the
United States of America right now. EVs are crashing in value compared to everything else.
And in this case, definitely some sort of mechanical or vehicle issue causing it to be
a lemon law buyback for the second time. Yeah, they brought it in for service and
Volkswagen don't even replace parts or anything. We don't really know what the issue is.
And if we did know what the issue is, we certainly don't have a,
we don't have a fix for that issue yet. So don't be replacing any parts. It's unfortunate.
We have seen, at least in my 40 some years of this, we have seen a decline in the quality
of vehicles and the quality of the parts and the, in many cases, its software today,
because these are nothing but rolling computers. And oftentimes, they don't have a fix it.
I don't know how many stop sales I've lived through at many. I remember we had a new vehicle
coming out and the stop sale came before they even got shipped to the dealer.
Okay, they realized after all their extensive testing and after they put them on the boats,
oh, there's a problem here. It is the quality of all the vehicles seems to have gone down
dramatically. And I just, I personally believe that a lot of it has to do with the beam counters
and all those that are tasked with trying to figure out ways to save a dollar here and a dollar
there. And we have seen so many of the manufacturers, especially the ones that made the big bet on EVs
that have gone backwards, that they're all looking to figure out ways to save money, okay, between
having to absorb some of the tariff costs and how it's impacting their profits, then they
figure, okay, well, to help with that, we need to lower our costs. Well, if the quality of the
parts that you're buying now is a lower quality than what you used to, what the hell do you think
the quality is going to be when you ask every one of your suppliers to cut their costs? So it
would seem to me, moving forward, that it's only going to get worse and not better. Because every
time you're looking for ways to save, I don't know, billions of dollars, the quality of what
you're building and the quality of the parts and the supplies that you're buying are going to go down.
So it's almost counterintuitive because we've already proven over the last 20 years
that the quality of many of these parts has declined dramatically.
Now let's wrap today's show with a big story that unfortunately, or fortunately, doesn't have that
much of an impact on the auto industry, but it's worth mentioning, the U.S. Supreme Court struck
down some of the current administration Trump tariffs. Auto duties remain in place. So me and
my dad got to do more research on this, get caught up to speed, but wanted to flag this at the end of
today's show. We'll talk about this more on Monday if it does have implications for the auto industry,
but the Supreme Court dad making a ruling today striking down some of Trump tariffs,
auto duties remain in place. So something to see, it's a developing story that we'll keep our eyes on.
Yes, I don't have enough information at this point to comment on it. I'm looking forward to
reading as much as I can between now and Monday so that I can sound quasi-intelligent,
which is the way I try to approach life anyway. I want people after they watch these shows to go,
my God, he sounds quasi-intelligent. That man is quasi-intelligent.
All right, folks, so that's another episode of Car Edge Live. We're back on Monday with more. We
appreciate everyone tuning in. Again, if we can help out caredge.com. Otherwise,
everyone enjoy your weekend, be safe, be merry, be happy.
How much snow are you supposed to get in Washington?
It's unclear yet. We'll see. There's some things that say we're going to get 30 inches. There's
other stuff that says we're going to get nothing. So I don't know, man. I don't know.
Yeah, they're trying to figure it out here as well. I thought winter was over, or at least I
was hopeful that winter was over. But we shall see if on Monday we come to you live at noon from
snow-packed Washington DC and snow-packed Ventner City.
We'll see you then. Love you, Dad. Enjoy the weekend.
Love you too, handsome. Thank you, everybody.
You
About this episode
The automotive market is experiencing a significant depreciation crisis, particularly with electric vehicles like the Tesla Cybertruck and Ford F-150 Lightning. With Tesla slashing the Cybertruck's price by $15,000, owners of previously purchased models are facing steep losses. The hosts discuss how many electric vehicles are becoming virtually worthless due to oversupply and lack of demand, leading to a market where buyers can find steep discounts on used models. They also highlight the broader implications for manufacturers and the changing landscape of electric vehicle popularity.
Today on CarEdge Live, Ray and Zach discuss the latest news from Tesla. Tune in to learn more! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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