News
Tesla owner reports almost $65/day fuel savings after using Cybertruck to tow construction trailer
A Tesla owner and contractor in Missouri recently shared an observation on social media that stunned several members of the electric vehicle community. As per the Tesla owner, he is currently saving almost $65 per day on fuel costs just by using his Cybertruck to tow his construction trailer.
Dan Burke, who operates White Wolf Construction & Home Inspection, shared his experience in a post on social media platform X. As per the Tesla owner, the Cybertruck has become his around-town tow vehicle for his construction trailer. Even if the Cybertruck’s range is reduced by the trailer, the vehicle’s range is still enough for his day-to-day needs. Overall, the Tesla owner noted that the Cybertruck saves him almost $65 per day in fuel savings alone.
Cybertruck doing the work . It’s replaced my Ram as the around town tow vehicle for the construction trailer. Even with reduced range, most of my trips are 15-20 miles each way a few times a day. Saves me almost $65 a day in fuel!! pic.twitter.com/cv9aVWxu9q— Dan Burke (@DeBergo) August 13, 2024
The Tesla owner’s post unsurprisingly caught a lot of attention on social media, with skeptics doubting the Cybertruck owner’s claims. As per Burke, however, his daily fuel savings are so high because his previous around-town tow vehicle, a Dodge Ram, had a number of performance mods and a dedicated towing tune, resulting in the pickup truck requiring premium fuel and getting only 9 mpg. Thus, on a typical day, Burke noted that he would spend about $70 on fuel for his Dodge Ram.
Love seeing how people are using their Cybertruck to save money. As a bonus it's also fun to drive when not being used for work https://t.co/mixUqc8Iix— Wes (@wmorrill3) August 14, 2024
With the Cybertruck, the Tesla owner noted that his fueling costs are significantly lower. Burke noted that he charges his Cybertruck at home, where off-peak power rates are at 4.5 cents per kWh. This results in daily fuel savings of about $65, or about $325 per week on a five-week workday. Estimated savings on a regular 20-day month would be about $1,300, and since a common year is comprised of 260 work days, the Tesla owner’s annual fuel savings could reach up to $16,900.
$65 a DAY in fuel savings….
That’s dudes cybertruck payment, paid for…. In FUEL SAVINGS.
EV trucks are a no brainer for 95% of the truck population. https://t.co/bALSTK8iCG— Greggertruck (@greggertruck) August 13, 2024
“That’s how much gas I put in my Ram almost every day when I pull this trailer. It weighs 6300-ish pounds on a normal day, and the Ram gets right at 9 mpg pulling it. The Ram has a bunch of performance mods, which is great for power but sucks down fuel. Premium fuel no less because of the towing tune I run on it. The Cybertruck is averaging 675 wh/mi on the same drive if I stay off the highway. On the highway, it’s around 824-875 depending on wind. So on a typical day, 160 miles /9mpg x 3.95 = $70. If I charge at my house, off-peak it’s 4.5 cents a kWh. 100 kWh back to the battery at 4.5 cents and that’s about $65 a day in savings,” Burke explained in a post on X.
Buying a cybertruck for a work truck is a no brained. You save on fuel, maintenance and it’s fast and fun to drive on top of that.— Dan Burke (@DeBergo) August 14, 2024
Granted, one could argue that Burke is a special case since his business needs fit perfectly with the Cybertruck’s current capabilities, but one could also argue that there are a lot of business owners that could see comparable benefits today just by using Tesla’s all-electric pickup truck. There are a lot of enterprises, after all, whose operations are centered on short to medium distance towing. For these, the Cybertruck seems like a very valid viable choice today, even if Tesla is still exclusively producing Foundation Series variants for customers.
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Elon Musk
Tesla nears closure of Full Self-Driving purchasing option
The move to bring FSD to this type of purchasing program comes after CEO Elon Musk noted in January that Tesla would move away from the outright purchase option.
Tesla is nearing the closure of its Full Self-Driving outright purchasing option, which will be removed on February 14, meaning Saturday will be the last time it can be bought as a non-subscription.
Tesla is aiming to move its Full Self-Driving suite to a subscription-only platform, a move that will enable people to only pay monthly for the semi-autonomous driving functionality.
The move to bring FSD to this type of purchasing program comes after CEO Elon Musk noted in January that Tesla would move away from the outright purchase option.
It is currently priced at $8,000 for the outright option to use Full Self-Driving, a substantial decrease compared to the $15,000 it was priced at one time. For the monthly subscription, it is just $99 per month, but that price will change, likely increasing as things get more advanced.
Tesla is overhauling its Full Self-Driving subscription for easier access
We say it will likely increase because there is no indication of how Tesla will price FSD. There has been some speculation that Tesla could utilize a tiered system to price FSD, which would potentially allow owners to pick and choose a set of features that would be most ideal for them.
This would potentially introduce an even more affordable option for FSD use, but this is unconfirmed. The reason many say this could be an option for Tesla is the fact that if the price goes up further, the take rate, which is currently around 12 percent at its most recent estimate, could be lower.
Musk needs 10 million active Full Self-Driving subscriptions to unlock one of the tranches of his newest compensation package.
The move to a subscription-only platform has its positives and negatives, and owners have been more than vocal about these since Musk confirmed the move.
Positives
- Lower barrier to entry and higher potential adoption
- Financially better for many users
- Easier transfers and brand loyalty
- Predictable recurring revenue for Tesla
- Access to the latest features
Negatives
- Higher long-term cost for loyal/long-term owners
- No true “ownership” or permanence
- Risk of future price hikes or even deactivation
- Perceived as of less value
- Impact on resale and used market
Overall, there is a split among the Tesla community in terms of what they see as the “right” way to handle this. Tesla is likely to shed more details on what its plans for the subscription-only platform will be, including pricing, in the coming weeks.
Elon Musk
Elon Musk’s Boring Company selected for Universal Orlando tunnel project
The underground transport tunnel is designed to address the persistent gridlock surrounding International Drive.
Elon Musk’s The Boring Company has been selected for a proposed underground transit system connecting Universal Orlando Resort and the newly opened Universal Epic Universe.
The underground transport tunnel is designed to address the persistent gridlock surrounding International Drive.
As noted in a blooloop report, Universal’s Shingle Creek Transit and Utility Community Development District approved a resolution showing its intent to designate The Boring Company as the contractor for the project.
The agreement covers the full scope of the project, from the tunnel’s design, construction, and maintenance. The project has also been described in public documents as a “point-to-point innovative transportation” initiative with a 25-year agreement.
The proposed Boring Company tunnels would directly link Universal’s existing parks with Epic Universe, which sits roughly three miles away from Universal Orlando Resort. Today, buses are the only direct connection between the two destinations.
Project requirements were quite stringent. Bidders were required to demonstrate at least $75 million in bonding capacity, have a minimum of seven years of operational experience, and show prior delivery of a comparable project valued at $25 million or more within the past 15 years. The Boring Company, thanks in no small part to the Vegas Loop, meets these requirements.
The Orlando selection adds to The Boring Company’s growing portfolio of Loop-style systems. In Las Vegas, the Las Vegas Convention Center Loop has transported more than two million passengers in Tesla vehicles through underground tunnels since 2021. The greater Vegas Loop system is also under construction.
For now, residents in the area seem enthusiastic about the upcoming project. In a comment to Fox35, residents noted that the tunnels could improve traffic in the area.
“We are very congested at certain times and certain hours and that would certainly help with people not having to budget their time,” Mary Walters-Clark, a resident, stated. Another resident, Scott Heinz, echoed similar sentiments. “I think it would be a new opportunity to lessen traffic load and good for visitors as well,” he said.
The tunneling startup has started bringing its Loop projects to international locations. It recently signed a memorandum of understanding with Dubai’s Roads and Transport Authority to explore the development of a 17-kilometer underground Loop network beneath Dubai.
Elon Musk
Elon Musk tops Forbes’ list of America’s 250 greatest innovators
The ranking places Musk at the top of modern American innovation.
Elon Musk has been ranked No. 1 on Forbes’ inaugural list of America’s 250 Greatest Innovators. The ranking places Musk at the top of modern American innovation as the publication kicks off a series celebrating the nation’s 250th anniversary.
Forbes described innovation as “the grease in the economic engine” and the force that transforms industries and creates new ones. The publication highlighted that its honorees are not just inventors, but business leaders who successfully bring breakthroughs to market.
Musk, 54, was ranked No. 1 in this year’s list. Forbes noted that he is “the only person in history to have founded (or grown from nearly nothing) five companies, each with multibillion-dollar valuations, each in a different industry.” Those companies include Tesla, SpaceX, Neuralink, xAI, and The Boring Company.
Forbes’ methodology began with nearly 1,000 nominees submitted by its reporters. A panel of judges, including venture capitalist Jim Breyer, journalist Kara Swisher, and strategy expert Rita McGrath, ranked candidates based on creativity, breadth, engagement, disruption, and commercial impact. Artificial intelligence tools, including ChatGPT and Gemini, were also used to assess candidates before editors finalized the rankings.
The publication noted that more than one-third of the list consists of women and people of color, reflecting shifts in innovation and entrepreneurship over time. All individuals listed are also American citizens, though many were born abroad, including Musk himself. Musk was born in Pretoria, South Africa.
Ranked No. 2 is Jeff Bezos, 61, who Forbes credited with upending America’s $7.4 trillion retail industry through Amazon before pioneering cloud computing with Amazon Web Services. The publication highlighted that Bezos now focuses on space exploration through Blue Origin and artificial intelligence manufacturing systems at Prometheus.
At No. 3 is Bill Gates, 70, who helped launch the personal computing revolution and built Microsoft into the dominant force in workplace software. Forbes also highlighted Gates’ reinvention at age 50 as a data-driven philanthropist, including his role in helping eradicate polio from India.