Connect with us
tesla model s china tesla model s china

News

Tesla Model S & Model X named ‘Best Resale Value Award’ winners

Credit: Grace Tao/Weibo

Published

on

The Tesla Model S and Tesla Model X are among the recipients of the Kelley Blue Book “Best Resale Value” award for 2023.

A common trait among the hot new electric vehicles currently on sale is their incredible resale values. Vehicles like the Rivian R1T, GMC Hummer EV, and Ford F-150 Lightning have become appreciating assets over the past few years. However, no brand has been more synonymously tied to “flippers” than Tesla vehicles, and that has been seen today as the Tesla Model S and X took home the KBB’s “Best Resale Value” award for their respective classes.

In total, KBB awarded 28 vehicles its “Best Resale Value” award, “recognizing vehicles for their projected retained value through the initial five-year ownership period.”

The Tesla Model S was recognized as the top of the luxury electric car segment, while the Tesla Model X took the top of the luxury electric SUV segment. Other EV winners include the Chevy Bolt, which topped the electric car segment; the Ford Mustang Mach-E, which topped the electric SUV segment; and the Ford F-150 Lightning, which topped the electric truck segment.

No electric vehicles were recognized within the KBB’s top 10, with most of those vehicles coming from Japanese automakers and most being non-electrified models.

Advertisement
-->

Broadly, Toyota and Lexus were awarded the best resale value brands of 2023, winning many segments, including the minivan, PHEV, full-size pickup truck, midsize pickup truck, and luxury full-size SUV.

While some may be surprised at the absence of the Tesla Model 3 and Model Y, it should be noted that both vehicles have seen substantial drops in value following the automaker’s price cut earlier this year, bringing some used Model 3s to the lowest prices ever seen.

More shocking is the lack of vehicles like the Rivian R1T and R1S, Hyundai IONIQ 5, or the Kia EV6, especially considering the demand surrounding each vehicle in their respective segments.

With the KBB creating new segments for electric vehicles, many wonder when EVs will be recognized as better resale value vehicles over gas counterparts. And with a growing number of offerings from more and more brands, that day may be sooner than we anticipate.

What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!

Advertisement
-->

Will is an auto enthusiast, a gear head, and an EV enthusiast above all. From racing, to industry data, to the most advanced EV tech on earth, he now covers it at Teslarati.

Advertisement
Comments

News

Tesla Model Y gets fresh configuration with three highly requested features

Published

on

Credit: Tesla

Tesla has launched a new Model Y configuration in the “Premium” trim, and it comes with three highly requested features that have launched in markets outside of the U.S. and in other trims.

Tesla announced on Monday night that it has officially launched the Model Y Premium in a seven-seat configuration, which also comes standard with a 16″ touchscreen and black headliner, both of which are featured in the Model Y Performance trim.

The seven-seat configuration is highly requested by consumers and helps fill out the more spacious SUV offering that the lineup has missed outside of the Model X, which prices out many consumers. This new upgrade only costs $2,500 extra for all three features, bringing the cash price to $48,990.

Advertisement
-->

The move to add the seven-seat configuration with the black headliner and additional screen size is a welcome addition, as many Tesla fans have asked the company to come out with an SUV with more seating capacity. Although it is not a full-size SUV, the additional seating will certainly attract some buyers with bigger families.

It appears the third row is slightly more spacious than the past iteration of the seven-seat Model Y, which was available in the previous design pre-Juniper:

 

Credit: Tesla

However, it definitely still appears to be pretty cramped in terms of legroom. It will definitely be a seating arrangement for smaller passengers, mostly reserved for children.

The other two upgrades are the black headliner, which was launched in other markets and in the Model Y Performance. Many owners have wanted this change, and Tesla listened, but is only offering it with the seven-seat configuration. It also has a larger 16″ touchscreen, also present in the Model Y Performance exclusively:

Credit: Tesla

It is a nice touch to add these highly requested features to the all-electric crossover, which was the best-selling vehicle in the world for the third consecutive year.

Advertisement
-->
Continue Reading

News

Tesla expands its branded ‘For Business’ Superchargers

Published

on

Credit: Francis Energy

Tesla has expanded its branded ‘For Business’ Supercharger program that it launched last year, as yet another company is using the platform to attract EV owners to its business and utilize a unique advertising opportunity.

Francis Energy of Oklahoma is launching four Superchargers in Norman, where the University of Oklahoma is located. The Superchargers, which are fitted with branding for Francis Energy, will officially open tomorrow.

It will not be the final Supercharger location that Francis Energy plans to open, the company confirmed to EVWire.

Back in early September, Tesla launched the new “Supercharger for Business” program in an effort to give businesses the ability to offer EV charging at custom rates. It would give their businesses visibility and would also cater to employees or customers.

“Purchase and install Superchargers at your business,” Tesla wrote on a page on its website for the new program. “Superchargers are compatible with all electric vehicles, bringing EV drivers to your business by offering convenient, reliable charging.”

Advertisement
-->

The first site opened in Land O’ Lakes, Florida, which is Northeast of Tampa, as a company called Suncoast launched the Superchargers for local EV owners.

Tesla launches its new branded Supercharger for Business with first active station

The program also does a great job at expanding infrastructure for EV owners, which is something that needs to be done to encourage more people to purchase Teslas and other electric cars.

Francis Energy operates at least 14 EV charging locations in Oklahoma, spanning from Durant to Oklahoma City and nearly everywhere in between. Filings from the company, listed by Supercharge.info, show the company’s plans to convert some of them to Tesla Superchargers, potentially utilizing the new Supercharger for Business program to advertise.

Moving forward, more companies will likely utilize Tesla’s Supercharger for Business program as it presents major advantages in a variety of ways, especially with advertising and creating a place for EV drivers to gain range in their cars.

Advertisement
-->
Continue Reading

News

Tesla Cybercab ‘breakdown’ image likely is not what it seems

Published

on

Credit: TslaChan | X

Tesla Cybercab is perhaps the most highly-anticipated project that the company plans to roll out this year, and as it is undergoing its testing phase in pre-production currently, there are some things to work through with it.

Over the weekend, an image of the Cybercab being loaded onto a tow truck started circulating on the internet, and people began to speculate as to what the issue could be.

The Cybercab can clearly be seen with a Police Officer and perhaps the tow truck driver by its side, being loaded onto, or even potentially unloaded from, the truck.

Advertisement
-->

However, it seems unlikely it was being offloaded, as its operation would get it to this point for testing to begin with.

It appears, at first glance, that it needs assistance getting back to wherever it came from; likely Gigafactory Texas or potentially a Bay Area facility.

The Cybercab was also spotted in Buffalo, New York, last week, potentially undergoing cold-weather testing, but it doesn’t appear that’s where this incident took place.

It is important to remember that the Cybercab is currently undergoing some rigorous testing scenarios, which include range tests and routine public road operation. These things help Tesla assess any potential issue the vehicle could run into after it starts routine production and heads to customers, or for the Robotaxi platform operation.

This is not a one-off issue, either. Tesla had some instances with the Semi where it was seen broken down on the side of a highway three years ago. The all-electric Semi has gone on to be successful in its early pilot program, as companies like Frito-Lay and PepsiCo. have had very positive remarks.

Advertisement
-->

Tesla reveals its first Semi customer after launch

The Cybercab’s future is bright, and it is important to note that no vehicle model has ever gone its full life without a breakdown. It happens, it’s a car.

Nevertheless, it is important to note that there has been no official word on what happened with this particular Cybercab unit, but it is crucial to remember that this is the pre-production testing phase, and these things are more constructive than anything.

Continue Reading