Tesla Superchargers Finally Open To General Motors' EVs

[tinrobot]

General Motors and Tesla today opened over 17,800 Superchargers in the U.S. and Canada to owners of Chevy, GMC, and Cadillac EVs. That means GM EV owners have access to a broad swath of the nation’s most reliable fast-charging network, joining Ford and Rivian owners who got access earlier this year.

https://insideevs.com/news/734171/gm-evs-charge-tesla-superchargers/

Tesla dragged it's feet on this, but they finally opened it up.

This will provide a lot more fast charging options for GM owners. Road trips should be a lot easier for them. Next on the list are Volvo, Mercedes, and Polestar. The rest of the manufacturers should follow in 2025.

This also means fewer reasons to buy Tesla's EVs.

[WarGamer]

1. GM lost $2.5B last year on EV's...

That's clearly a failure. Although better than the $3.3B they lost in 2022.

Ford loses $132,000 on every EV it sells... even the ones that cost $45k

[marble falls]

2. Got some links?

[tinrobot]

3. Probably not.

It's a common anti-EV talking point.

[WarGamer]

5. see #4, facts and not talking points

[WarGamer]

4. Sorry... just thought it was common knowledge.

https://theticker.org/13261/business/why-gms-no-longer-going-all-electric-for-now/#:~:text=But%20GM's%20EV%20losses%20were,29%20%E2%80%94%20and%20its%20stock%20soared.

But GM’s EV losses were less than before, narrowing $2.5 billion through 2023 compared to 2022’s $3.3 billion loss. The Detroit automaker made headlines after earnings were released the week of Jan. 29 — and its stock soared.

GM reported $43 billion in revenue and $2.1 billion in net income attributable to shareholders on Jan. 30, far above consensus estimates of $38.7 billion and $1.69 billion, respectively, despite the United Auto Workers strike.

https://www.msn.com/en-us/money/companies/ford-reports-loss-on-every-ev-sold-in-first-quarter/ar-AA1nObmJ

Ford lost $1.3 billion in its electric vehicle department during the first quarter of 2024, which is about $132,000 per vehicle it sold.

The loss is due to the car maker lowering the price of its electric models while also appropriating funds for further research. Electric vehicle revenue brought in $100 million, which is an 84% drop from last year.

[tinrobot]

6. So basically, using accounting tricks to push an anti-EV narrative.

The article is adding in the cost of developing and implementing the new technologies, not the actual cost of manufacturing the vehicles themselves. Typically, you would amortize those R&D costs across the entire company, because those new markets are crucial for the entire company's survival.

Like it or not, the world is quickly moving past petroleum. The market is shifting, more EVs were sold last year than the years before. If companies like Ford and GM don't invest now to keep up with other EV manufacturers, they won't be in business a decade from now.

For reference, see how companies like Kodak and Blackberry survived big market shifts (they didn't.)

[BannonsLiver]

7. +1

If you’ve ever wondered what the NYT opinion section would be like if it came to life as one person your interlocutor is the answer.

[WarGamer]

9. I'm completely pro-EV...

Years ago had a thread talking about my awesome i3 and what a good deal they were on the used car market.

I'm anti-"crappy car"

For literally decades the big 3 were serving up shit while Honda, Toyota and Nissan killed the US market.

They refused to invest in quality smaller cars, profiting off of hulking trucks and suv's.

And frankly it's hard to believe they've been around for 100+ years, they still can't do basic shit reliably.

In 2000, I bought a Ford Focus new... it was dead by 50k miles, a few years later.

Ford had a problem with defective cylinder heads that would drop a valve seat on top of a piston after a few years and the engine goes BOOM.

Never a recall and the dealer looks at you and says... "But the warranty"

I was going to give them another chance because I like the new Bronco... but watching the forums, they still cant get engines right

Toyota/Lexus for life...

[Rstrstx]

8. I'm seeing more and more non-Tesla EVs at their superchargers

I’m impressed that GM is allowing their old Bolts to be brought in for a software update that lets them use the Tesla network, you can pick up a used one for under 20k before the $4000 tax credit so a ~ $15,000 used EV with decent range is now a reality. The older Bolts got a free battery swap a couple of years ago so their batteries are still pretty new with better tech. The one downside I’m seeing with GM is that they haven’t implemented the plug-and-charge feature the other cars have. If you’ve never had to use a non-Tesla fast charger it’s hard to understate how convenient that is.