Tesla owner horrified after discovering how much his $140,000 purchase is worth after two years
You only have to look at the classic car collection of some celebrities to see some motors soar in value over the years, but unfortunately for YouTuber Kyle Conner, he had a nasty surprise when he took his Tesla for an appraisal two years after he drove it off the forecourt.
For your standard runabout, cars aren’t exactly an investment. Still, one Tesla owner was shocked to learn what his $140,000 purchase was worth after just two years.
Even though we all know that Teslas aren’t exactly cheap, they’re still a hot commodity with people loving everything from their electric credentials to their self-driving abilities. Sure, the Cybertruck might not be as bulletproof as it claims, but that’s a story for another day.
YouTuber Kyle Conner shared his Tesla experience on his Out of Spec Reviews channel, explaining how he’s planned on selling the 2022 model for close to what he’s paid for it. The original price was a hefty $140,490 (to be exact), so what was the going rate after two years of careful driving and only 37,000 miles on the clock?
TikTok user Chris Pearce (@thechristopherpearce) showed off Conner’s invoice and warned: “It’s insane how fast Teslas depreciate.” According to Pearce, Teslas are something of a dud when compared to gas cars on the second hand market.
Pearce told his viewers: “So with just 37,000 miles on the odometer, Tesla offered him a whopping $46,400.
“That’s a loss of $94,000 or 67% of its original value.”
This was directly through Tesla, so Pearce guessed that it could be something of a lowball offer, however, he went on to add: “But even sites like Edmunds, or Consumer Reports wouldn’t give him more than $59,000 at the absolute highest.”
To look at depreciation in other vehicles, Pearce went on to compare a BMW that was the same price from the same year: “The BMW M5 CS came out in 2022, the same year, for around $140,000 — the exact same price. It’s not a perfect comparison, but they’re both saloon-performance sedans. If you go on any of those sites I mentioned, you can buy the M5 CS for $140,000 today. Meaning this car has depreciated maybe $10,000.”
When the news went viral, it seems Conner isn’t happy with his newfound fame. Like the Tesla driver who continued to praise the manufacturer despite it’s self-driving mode doing a hit-and-run on a deer, Conner is a firm fan of Tesla. Posting on X, he said there’s a Tesla ‘bias’ in the media and the brand gets some unfair hate.
Teslas are definitely as divisive as controversial CEO Elon Musk, but if your car is losing 67% of its value after just a couple of years, it’s probably not the sound investment you might think.
Featured Image Credit: Kyle Conner/YouTube / @virtualkyle/Instagram
The amount that Elon Musk reportedly pays his employees at Tesla has been revealed.
The tech mogul is the richest man in the world, with a net worth of a whopping $400 billion.
In fact, he’s so rich that Musk has been predicted to become the first ever trillionaire by around 2027.
A founding employee of SpaceX shared his experience working with Elon Musk (Chris Unger/Zuffa LLC/Getty Images)
His leadership of Tesla hasn’t been without controversy.
As the world turns more to remote working, Musk has been vocal against it, saying that if staff were against returning to the office then ‘they should pretend to work somewhere else’.
In an interview with Insider, Jim Cantrell, who was one of the founding employees at SpaceX shared what it was like to work with Musk.
He said: “Working with Elon was like working with two different people: the good Elon and the bad Elon, and you never knew which you were going to get.”
According to Cantrell, ‘good Elon’ was fun and had big ideas but ‘bad Elon’ came with a lot of yelling.
And now we’ve found out just how much his employees are compensated.
According to a report by Business Insider, the majority of Musk’s workforce at Tesla makes between $85,000 as a logistics analyst and $175,000 as a software development engineer.
It doesn’t seem like everyone is thrilled by it though, with some people who claim to know people who work for Tesla taking to social media to share their thoughts.
On Reddit, one user wrote: “I know a bunch of people at work there, 50 hours a week minimum for engineers, high stress, high turnover, etc.”
It has been revealed how much Tesla employees make (Justin Sullivan/Getty Images)
And another added: “A friend of mine who was on the vehicle team had to leave last year due to the insane hours.”
Cantrell went on to say: “Elon wouldn’t expect you to do anything he wouldn’t do, but the lengths he’s willing to go is unusual for most people. I suspect the same thing will happen at Twitter.”
Musk previously revealed that he’d cut about 80% of the workforce at X, formerly Twitter, when he took over the social media platform.
But it does seem like the remaining employees are on a great salary.
According to data collected from Glassdoor and Indeed, directors and group managers make over $235,000 while data scientists make around $267,000.
Analysts at X make around $135,000.
In 2023, an email to X staff was leaked where Musk had offered out stock grants to his employees.
The value of these shares equal a massive $20 billion.
In the email, Musk wrote: “I see a clear, but difficult, path to a >$250B valuation, meaning stock granted now would be worth ten times more.”
Featured Image Credit: Chris Unger/Zuffa LLC/Justin Sullivan/Getty Images
A family has blamed Elon Musk in a lawsuit after their son was crushed to death while driving a Tesla.
The man from California died in a crash while his vehicle was in ‘autopilot’ mode.
Genesis Giovanni Mendoza Martinez had reportedly bought the Tesla Model S after mistakenly thinking it was self-driving.
The family of the man killed in the crash are suing Tesla (Contra Costa County Fire Protection District)
This is according to a lawsuit that has been filed by his family.
They are suing Tesla after claims were made by the firm and its CEO Elon Musk that the self-driving capabilities had been perfected.
The firm has argued that its vehicles have ‘a reasonably safe design as measured by the appropriate test under the applicable state law’ and the incident ‘may have been caused in whole or in part’ by Mendoza Martinez’s ‘own negligent acts and/or omissions’.
In a response to the lawsuit, Tesla said: “No additional warnings would have, or could have prevented the alleged incident, the injuries, losses and damages alleged.”
Speaking to The Independent, attorney Brett Schreiber, who is representing the family, said: “This is yet another example of Tesla using our public roadways to perform research and development of its autonomous driving technology. The injuries suffered by the first responders and the death of Mr. Mendoza were entirely preventable.
“What’s worse is that Tesla knows that many of its earlier model vehicles continue to drive our roadways today with this same defect putting first responders and the public at risk.”
The crash took place on February 18, 2023, where Mendoza Martinez’s brother, Caleb, was also severely injured.
The man had been driving a Tesla in ‘autopilot’ when it crashed (PATRICK PLEUL/POOL/AFP via Getty Images)
Speaking about Tesla’s ‘autopilot feature’, the attorney went on to add: “It’s this rush of pushing product out that is not really ready for primetime.”
In the lawsuit, it claims: “Not only was he aware that the technology itself was called ‘Autopilot,’ he saw, heard, and/or read many of Tesla or Musk’s deceptive claims on Twitter, Tesla’s official blog, or in the news media.
“Giovanni believed those claims were true, and thus believed the ‘Autopilot’ feature with the ‘full self driving’ upgrade was safer than a human driver, and could be trusted to safely navigate public highways autonomously.”
The complaint accuses Tesla of training employees to ‘refrain from memorializing customer reports in writing’.
It states: “When Tesla employees did respond to customer reports in writing, it was only to reassure customers that the ‘Autopilot’ feature was working as intended.
“In addition, Tesla… forced consumers to sign nondisclosure agreements to receive repairs under warranty.”
The complaint went on to say: “Predictably, this has led — and will continue to lead — to multiple collisions between Teslas and other vehicles or pedestrians, resulting in death or serious bodily injury.”
Tesla responded in a court filing in the US District Court for the Northern District of California, where it argued that the ‘damages and injuries’ suffered by Mendoza Martinez and Caleb, ‘if any, were caused by misuse or improper maintenance of the subject product in a manner not reasonably foreseeable to Tesla’.
LADbible Group has contacted Tesla for a comment.
Featured Image Credit: Contra Costa County Fire Protection District/PATRICK PLEUL/POOL/AFP via Getty Images
One Tesla owner has spotted a serious flaw when it comes to driving his Cybertruck this winter.
Love it or hate it, you’ve got to admit the Tesla Cybertruck is good at grabbing headlines. Whether it be Elon Musk inadvertently smashing its windows, owners cracking its sunroof, or adult film stars shooting holes in them, Cybertrucks are more known for their negative news than the positive. Still, they’re a popular vehicle, with owners loving driving them around as a symbol of power. Unfortunately, someone has spotted a potential flaw with the Cybertruck that could make it dangerous in certain situations.
Posting on TikTok, Cybertruck owner Joe Fay points out how the Cybertruck’s headlights can be obscured by snow.
Fay explains how you might think the Cybertruck’s headlights are near the bonnet, but in reality, they’re much further down and lie inside a bar near the bumper. Due to the headlights being set back from the front of the vehicle, snow can accumulate here and obscure them.
As Fay says in the video, “That can be a major problem when you’re driving in winter time.”
He continues, “Now, I can’t imagine that Tesla just didn’t think about this when they put this giant shelf in front of the lights, but if they did, honestly awful design.”
Packing snow into the gap, Fay showed how a heavy buildup of snow can block the light from a Cybertruck’s headlights.
Fay promised an update on what it’s like driving in a blizzard, and after the video quickly went viral with over a million views in eight hours, he revealed what happened next. Saying he drove for a couple of miles, Fay showed that snow hadn’t built up in the gap, suggesting it might not be such a big deal. With the lights being so bright, they still shine through the snow, but others aren’t convinced.
One critic wrote: “You found only one flaw i see 100,000.”
Another added, “That truck is built. to get groceries in California. nothing else,” and a third joked, “Wait….the Cybertruck has another design flaw? No way, I can’t believe it.”
These tests aren’t conclusive, and there’s a chance that heavy snow could cause an issue. Many point out that the Cybertruck isn’t specifically designed for bad weather, but at the same time, when you’re paying $80,000 (minimum) for a Cybertruck, you might expect it to be the Swiss army knife of vehicles. Someone concluded: “Tesla has never once considered winter when engineering that dumpster fire.”
In a separate video, Fay goes on to explain why the Cybertruck is ‘great’ in snowy conditions, highlighting its tires for a variety of terrains, a hitch on the back, and its hardy exterior. Even if there are issues with snow buildup, we don’t imagine some potentially minor issues will stop someone from buying a Cybertruck.
Tesla has been contacted for comment.
Featured Image Credit: jf.okay/TikTok / Smith Collection/Gado/Contributor/Getty
Since its release last November, the Tesla Cybertruck has had its fair share of problems.
Recently, one went up in flames after crashing into a fire hydrant and getting wet in a bizarre collision.
And more than 3,800 models of the car were recalled after owners noticed a serious problem with the accelerator pedal.
But, while electric vehicles have a higher upfront cost, they are typically cheaper to run when when compared to those powered by petrol or diesel. So you may think of the Cybertruck as good investment.
Well think again because Elon Musk’s supercar appears to be the exception to this rule.
After realizing the charge of his vehicle was running low – three percent to be exact – entrepreneur David Nguyen took to Instagram to share a video of himself charging it until it was fully charged.
Nguyen gives the outside of the car a few taps to open the charging port and plugs it in.
He then gets back into the Cybertruck and reveals how long it will take to charge it up to 100 percent. Drum roll please.
It turns out it takes a whopping ‘one hour and 30 minutes’ to go from near-zero to reaching the charge limit of 296 miles (aka 100 percent).
The entrepreneur then explains that it takes 121kW of energy to reach a full charge, but just how much does that cost?
A Cybertruck owner has shared how much it costs to take his car’s battery from near-zero to fully charged (Instagram/ @utechpia.dev)
Well, in Nguyen’s hometown of San Leandro, California, the rate of electricity is $0.61 per kWh. He breaks down what that means for viewers.
“That’s 121 x 0.61 that is $73 to give me a full tank. That’s going to give me a range of 296 miles. Is that good? Or not good?”
He then resolves: “I think it’s pretty good because you’re driving the future a.k.a the Cybertruck.”
But not everybody agreed, with more than 4,000 taking to the comments to share their opinions.
One Instagram user wrote: “$70???? I thought electric was cheaper. Why are we doing this again.”
“80 dollars to fill up my GMC 1500 Sierra Diesel. Almost 600 miles with the full tank lmao . So NOT GOOD. Oh and it only took me four and h