@@joeblow9398 more like hybrid lite😅 That tiny battery they put in these hybrids get you barely 50 miles extra to the gas component. calling them a hybrid is a joke
I don't hate hybrids that gets 3X the mpg of ⛽ SUVs, urban pickups. The transition is never digital, it is a sliding scale. Hybrids help move us off fossil. To think it can be done over night is naive. Go visit a 3rd world country.
I've never heard that before but Toyota's HEVs (hybrid electric vehicles) do drive in EV mode when going slowly in traffic or waiting at a stop sign. Unfortunately, you can't force it to drive in EV mode. It's automatic, but it would be a nice feature. However, the 1.3 KWH drive battery in my Toyota Corolla Cross Hybrid is too small and it would be nice if it were more like 3 KWH. Remember, each KWH will get you at least 3 miles. (At $3.80/gal gasoline in California and $0.43/KWH electricity, it's significantly cheaper to drive a hybrid than a pure EV.)
@@creolerican Those battery hybrids it turns out statistically most people forget to plug them in since it is something you should plug in every day after driving it to take advantage of that 40 to 50 miles of battery only driving
I have had a Chevy Bolt EUV for over 2 years and it is the best car I have ever owned in so many ways including zero defects and great design. GM probably lost a bundle on that sale so the question of when they will be profitable on EV’s is really important in terms of knowing whether they will stick with it. Scale is critical and it appears that they are starting to achieve it. I should point out that most of the Chinese EV’s are not yet profitable yet either. BYD is apparently profitable and a few others should be profitable in 2025, Besides scale, you also need high reliability since warranty claims and recalls can quickly bleed off any profits you are booking. Time will tell. I think the big challenge for US manufacturers other than Tesla is going to be their business model. Franchised dealers rely on service revenue and with EV’s there isn’t much. My only service costs over two years of ownership have been tire rotation.
@@shepherdsknoll The lowest rate of fires of any model out there. The few that did catch fire get all the press. Man bites dog. Gasoline car fires are dog bites man. Common.
@@shepherdsknollThere’s a car fire every five minutes in the US. Very few make the news as we expected ICE vehicles to burn. They are powered by explosive gas after all
@@shepherdsknoll EVs are 30 X (and always getting even better) less likely to 'catch fire' vs ICE and hybrid vehicles... Yes, 30 X less likely. Isn't it amazing how we believe the media's lies without questioning anything? So the 'catching fire' thing isn't a 'thing'. In fact, if that is a real concern of yours, you should buy an EV. It is just that each event is reported relentlessly by the media
@@travisjazzbo3490 Big talk... But *AAA* _(my Home & Auto insurance carrier)_ says that my ATTACHED GARAGE stil makes the risk of Fire... *'a THING'.* 🔥🔥🔥
I'm a Tesla owner as well. We're used to frequent and reliable software updates, sentry mode, good mobile app, etc. Would be interesting to see if you'd be happy with a Lyriq.
GM EVs are just ok. They don't compare to Tesla EVs or any Chinese EVs for that matter. I really want them to do well but their business model will not be able to compete with Tesla. They will need to change so much in their corporate structure to actually turn a profit. Sam is dreaming and must have drank some kool-aid of some sort to release a video like this. GM will be lucky to be in business in 5 years.
Affordability and reliability will be key for any manufacturer, they MUST stop leaving the middle class behind! Henry Ford’s success came from making affordable vehicles for everyone.
True... but you have to remember that Tesla came from NOWHERE and couldn't afford to burn through billions like GM can. They had to figure out a way to make money fast and become the powerhouse they are in the time they did which no one else has touched. Making super cheap cars that everyone could afford would have meant extremely tiny margins and imagine the problems they would have had to deal with if they went that route! They did what they did in a calculated way so they could make money and get through very trying times, the same as many of come and gone through the years that were all supposed to beat Tesla, but even Rivian is getting billions more invested to get to profitability at some point. No one as come close to Tesla, except China of course. Having said that, here we go! I expect in 18 months Tesla will have a very affordable EV for the masses AND by then FSD will be unbelievably strong, if not complete... So the next steps of Tesla, between the Semi, FSD, robotics, mass storage commercial battery biz, and affordable EVs... gonna be interesting
Agree 100%. Not only are the vehicles out of the price range of most working families, but in the UK, insurance and road tax are fast becoming an impossible burden for most drivers. It’s no wonder our towns and cities are becoming increasingly overrun by electric scooters. 🛴
I live in the south west of Ontario Canada, all the GM dealers are stocking and selling EVs. The Brightdrop production plant is about 1 hr from me. I have been seeing convoys of transports with Brightdrop vans crossing the border.
The dealerships don't want the EV so they will just overcharge on their MSRP and that will be their demise. Plus they don't or won't make any profit on them either.
Dealerships make most of their profits from the workshop, servicing and repairs are what keeps the lights on and the management getting those big bonuses. EVs require virtually zero maintenance and servicing. I fully expect over the next 5-10 years a lot of dealerships will close the doors and instead of having individual dealerships they will have just a sales showroom like a retail store and a workshop will be a hub for several manufacturers together, the reduction in mechanical repairs and serving will become a real problem for a lot of mechanics in the coming years/decade. And that is my opinion, 26 years as a vehicle technician/master technician/diagnostic technician and mechanical fitter plus a few other accolades 😅. I have left the motor trade for a while as i had foreseen this coming 5+ years ago, although I have my Electric vehicle training/disconnect & isolation, next month I’m due to complete cert 4 in electric vehicle battery repair and maintenance, mainly to keep up to date with technology but also as something to fall back on if needed.
No, that's no how it works. Their "loss" includes amortizing sunk costs, like R&D and manufacturing plants, not just per-vehicle materials and labor costs. Spend $100 in amortized sunk costs but only produce 1 widget for $1, then each widget lost $99. Sell 50 widgets at $1 each, then each widget loses only $2. If you can ramp up production on the same equipment and same time period, then each sale decreases the unit cost.
@@charleshill7184that and when we were first hearing the legacy automakers loss figures for EVs, lithium was near a record, cells and batteries, the most expensive part of the vehicle were probably around 2x the price they currently are…. I would also bet they aren’t counting CAFE fine savings.
Then they have a LONG way to go before they become profitable. They will likely go bankrupt doing so before they catch up to Tesla. Tesla's cost structure can't be beat by a unionized legacy manufacturer especially if Trump applies tariffs to cars made in Mexico and/or Canada.
@charleshill7184 I am looking at the cost of materials to build the EV. That's it.That is the bottom line. I don't think GM is profitable even on that basis.
@@nguyep4 I don't think I've seen a reliable source for this information. As EVs have fewer parts than ICE vehicles, that means the manufacturing processes should be simpler, the supply chain shorter, labor costs less -- all costs less...once they get the bugs worked out and get humming.
GM is dumb... killed the Bolt, built Hummer EV at $100K+, Silverado $80K+, and Celastiq at $300K They deserve to fail. Their leadership is plain ridiculous.
They have enough plants to make that many cars. Just need battery plants, which they are building. They have dealers all over, parts supply, techs, brand loyalty, no Musk baggage. .
I have a 2020 Bolt and love it. Bought it used for $14,500, GM replaced entire battery at zero cost. Fit and finish is great. Car handles like a race car.
Own a Bolt and rented an M3 for a long trip once. M3 handled nicely, had a great sound system and the Superchargers were awesome. But M3 had squirrelly stuff too - lack of physical controls, silly door handles, didn't care for autopilot, the cameras thought they were broken when traveling at night out in the country - and I wouldn't want to pay insurance for it. Overall I'd rather own a Bolt, even aside from the whole business of Musk being a far-right goblin I wouldn't want anything to do with.
Most of us love our Bolts. They are slow to charge, but that's no problem for me. When it needs a charge I plug it in after 9PM when Alabama Power cuts my rates for having an electric vehicle. I also turn on the washer, dryer, and dishwasher when I go to bed. I have timers on my water heaters and they only heat between 9PM and 5AM when my rates are low. I never run out of hot water. Saves me a lot on my power bill. I have a Jeep Grand Cherokee (2014 before Stellantis destroyed the brand) with a Hemi. I use it for towing and travel. I filled it up in October and It's down to 1/2 tank. Looks like I may have to fill it again in March. The Bolt handles 90% of my driving needs. It was built in Dearborn, Michigan. My Jeep was built in Detroit. The incentive to the tariffs is to bring those jobs back home. I hope it works.
You could look into pricing rooftop solar with battery backup, in which case you might not pay anything for your electricity. That's what we have, and over the past three years our power company has been cutting us a substantial end-of-year check for selling back excess power our system generates into the grid. In a nutshell, we mainly live off our own solar-generated power from the rooftop and what we store in the battery backup. That will change this year however as we just bought a second Tesla for my wife: the refreshed Model 3. We love the convenience of "fueling" up the vehicles at home. And if we need to rely on the grid to fuel up a vehicle at night, we pull from the battery and schedule the session to take advantage of cheaper off-peak rates. All over No. CA people are bemoaning the frequent hike in electricity rates. Not us.
@@bjb7587 Around $20K for 17 panels and a Tesla PowerWall with everything installed. It included a tax break or a rebate. I can't remember which it was nor the amount, but probably in the neighborhood of $3500 to 5K.
@@daviddonnenfield672 nice. I've gotten quotes around $35k with no storage. Even when panel prices dropped, installation cost didn't. Tax credit available, but I'm retired, pay little in taxes, so can't use it. Low rates in PNW ($.10/KWH). Just can't make it work. Hardly anybody in my area has solar panels. It's a shame.
I just checked on this. GM states that the Equinox EV does have access to Tesla Superchargers with an adapter, so I'll bet ALL the current GM EV's have that capability now.
The lack of a NACS plug is a major issue for us. We drive across country a fair amount and would not even consider it with only a CCS connection. The absolutely incontestable thing that Tesla has done is the charging network.
Happy new year You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Watch the documentary Who Killed The Electric Car, spoiler alert it was GM who then Went on to start the trend of big gas guzzling SUVs. So they reap what they sow, their downfall was their own fault they could have been the true industry leader but lacked the moral fortitude to resist the fossil fuel influence
@ So like Tesla did, right??? They laid off 400 back in 2019 and have continued to layoff people. Also, what about Trumpy the clowns proposed tariff on Chinese goods??? Tesla doesn’t make PCB boards. I wonder where they will get them from??? Hmmmmmmm
@ Tesla is not going away but their market ‘lead’ will be eroded. I totally agree on the stock comment. Stocks are normally not a good indicator of a companies actual success/failure.
GM has too much overhead expenses due to labor unions. They make nice EV’s but they can’t compete with Tesla. Tesla is the only US company that makes a profit on their EV’s.
Your information on the price of the Equinox EV is WAY off. I believe you are quoting the ICE version. The BEV starts at $42k and no dealership is ordering that low of a trim. Most are $45k
@@jokulhaups309 sorry I’ve tried to reply to this twice now. Perhaps because I’m adding a link it is not working? Anyways I cannot find any equinox EV’s for less than $44,000. The Chevy website states that they start at $41,900.
General Motors currently does not make a profit on its electric vehicles. As of the latest updates, GM has been incurring losses on each EV sold, with reports indicating "substantially negative" margins due to the costs associated with building battery plants, retooling factories.
Tesla got lots of government help, and still does with carbon credits. ALL car companies get loads of government help, often in indirect, but very large ways.
@@davidnika446 Tesla would still be profitable without credits and GM throughout its history is probably the company in the US to have received the most tax payer money ever. I used to be a GM fan but not since the bailout.
@@antoinepageau8336 I don't entirely disagree, but Tesla would not have reached profitability without government help. They needed allies to compete with ICE mfrs. And Musk, the staunch "libertarian" was asked about this. At that point he said extraordinary times call for extraordinary measures. Now he's hijacking congress to kill all competition so he can dominate EVERYTHING. Tesla got lots of financial, regulatory and policy perks to help them get to where they are. I'm not saying that they shouldn't have, but Musk wants these benefits for HIS company and nobody else.
It's interesting that in a recent episode, the Electric Viking named Tesla's refreshed Model 3 the best EV for 2024. Especially for the price. We bought one for my wife last month. I bought my own Tesla, a Model Y, 2 years ago and am still impressed with every aspect of the car: handling, design, comfort, spaciousness, range (although at 300+ miles, it could be better), electronics (navigation, control settings, software updates, Tesla's phone app, etc.), audio system, and elimination of road noise. It verges on being a work of art and I'm constantly impressed how it remains a pleasure to drive. But the new Model 3 is even better. That and the refreshed Tesla Model Y, when it comes out this month or next, are the standard by which other EVs should be judged. I can't emphasize enough to DO YOUR HOMEWORK on whatever car you're considering and compare it against the refreshed Teslas to give it a fair evaluation. Whatever you decide, you will be confident you made the right choice.
Looking for the next phase in this strategy. What a company like GM needs is a full competitive EV in every segment. GM now needs a smaller affordable pickup (like Maverick) and a smaller affordable sedan/SUV. Could certainly say the same about Tesla and all the others for that matter. GM got there a bit slowly but they got there and I'm a little surprised by how well they did last year. Keep it up people!
People keep talking about EV profitability. You're going to have problems with that in a changeover, BUT, eventually you aren't building battery plants, and retooling factories anymore. Then you can actually start making money. The trick is to survive long enough to get to that point. We will see which, if any, legacy brands make it to that place.
Nice to hear some one else saying this. There are a lot of costs in a transition, which is why business are understandably not keen to jump in unless they are either sure it is a winner or they are forced to. Retooling, retraining and new R&D costs are significant. And you also have to keep the old lines going. The cost of this are huge and risky and can make or break management careers. Interestingly, Jaguar decided to shut for a year to make a fast transition. In theory that will cut some of the costs of having two lines, and you could gain more than you lose by having a fast transition. It’s bold, but not as crazy as it at first seems.
GM can afford to lose money for a long time on EVs. What will be interesting is how long it would take for them to come even close to Tesla efficiency of building EVs mass scale. Tesla does things differently in the world of efficiency and legacy companies have such a long way to go, and even if they make massive strides - which is difficult for them, in a few years, Tesla robots will be doing most human work left in factories making them even more efficient.
@@javelinXH992That’s a very interesting viewpoint regarding Jaguar. I’m a Brit and so want Jaguar to succeed. Could never afford one myself, but isn’t that the point of aspiration vehicles.
@@hoodmonster1 Yeah, I’d like them to be ok too. Mainly because a lot of UK jobs will need them too. I’ve never been in the market for any type of Jag anyway. I think a lot of the criticism is from people who feel that by going EV like this Jaguar have betrayed them. The ad would also have been, shall we say, “challenging” to a certain demographic who associated Jaguar with their mindset. I believe that was deliberate.
The problem is not retooling, but company culture. The legacy players are structurally unable to design and build profitable EVs. They need to restructure themselves, completely change their mindset, change their investors' mindset, hire tons of fresh talent, and so on. Capital issues are only coming after all of that.
everyone here saying gm isnt making a profit on evs... lol a gm engineer finds a way to make a profit off taking a shit. gm wont produce anything that is not IMMEDIATELY profitable. theyve shed all their debt, they dont have to fund pensions and theyre as lean as they can possibly be. almost all of their operations are almost completely automated. gm is like every business owner telling ppl how poor they are from the back porch of their summer home lol
@@DanRyzESPUK I never said they actually didn't but it is common knowledge that all legacy car manufacturers cant make a profitable EV, they have admitted to it. They are all looking for a bail out as that is the only way they can make money nowadays, especially GM who had $bn's in government bailouts
@@DanRyzESPUK Do your self a favour and do some digging before you make stupid statements like you do, you only show your ignorance. There is one report that says GM lost $1.7 billion on EV's
Well, I live in San Jose, CA and there are a huge amount of BEVs here. All I can say is that lately the Equinox has become VERY common on the streets around me. Having a low entry cost and a decent looking car is a big advantage. We have a Model 3 and a Model Y but I prefer the Equinox's appearance better than the Y. I have yet to get in one or drive one but I would expect that the user interface is somewhere between a Tesla with no buttons and a standard ICE with a myriad of buttons. As they say, it is a transition.
Maybe. but so many of the maga crowdvhave been brainwashed into beliieving warming is a hoax , windmills have proven to be a failure. and have sworn to die with the keys to their v8 in their hands that i really dont know who the others are. But it may not matter as maga back up batteriesvare proving to be in high. demand. @@dexlab7539
I agree completely. Elon is too smart to not know what he's doing. I think he is bored or no longer cares about Tesla. He got an opportunity to move on to bigger and better things and is okay with lopping the Tesla arm off. I mean ticking off the base that buys your cars and supporting the base that hates your cars doesn't seem like a smart strategy unless of what I said above. He also hasn't updated designs in years and then there is the cybertruck disaster. With so many competitor models out now and continuing to be released, I don't think 2025 will be a good year for Tesla but at the same time be a great year for EV's.
When will there be a SMALL EV truck available? I drive an old Tacoma and want to upgrade but don’t want something larger in my garage. A Hummer EV, are you kidding me??
Even IF Trump doesn't shut them down in Mexico they still have to pay the dealer markup which is cutting into their profits. They can't get the best battery tech but will the public know or care? What will the speed of acceptance of FSD be? They're not out of the woods by a LONG shot.
I have a 2023 Mode Y and we did not buy FSD but every so often Tesla hands out a month of FSD use and we test it. So far I have not been able to get from my house to the freeway without an intervention. My wife won't use it because it is more nerve wrecking to use it than to simply drive. It makes odd decisions and doesn't seem to be consistent from one instance to another. Having said that we use AP a lot. We drive the car and the car takes care of the mechanics. That works very well for us.
As someone who purchased a Lyriq over a model X I am very happy with my purchase and still love the Lyriq after putting 6200 miles on it. Tesla’s cars are good cars, but I’d rather drive a GM right now.
They have been a joke for a long time they’re trying to get serious, but this is like their fifth time in my lifespan where they tried to get serious about making cars, but what is not a joke as they will take Tesla because they are simply largest manufacturer of cars in the world Just the numbers the amount of divisions that they own to split the market that’s why they were overtake them not because they’re better
I picked up a 2025 Equinox 12/30/24. With dealer discount, costco $1k coupon and 2 other gm incentives and $7500 fed tax credit, it cost me $31,090 out the door. List for $43,300 with gm L1/L2 charger and comfort package. I still have my 2017 Volt PHEV (48mi on full charge now, 53mi when brand new) purchased new in 2017 that runs like a top! NACS adapter shipping to my house tomorrow so i'll be road trip ready soon. The car had 4 miles & was 94% charged when i bought it the day after dealer received delivery. I have 159 miles (48 driven today in 30dgr weather in Alabama) with 50% charge remaining. Loving this vehicle! If it holds up like the Volt, I'll continue to buy Chevy brand!
I have a Cadillac Lyriq and I love it, but I'm not so delusional to believe Mary Barras claims. They won't be beating tesla in 2025, but they will sell way more electric cars in 2025. My only gripe with the lyriq is buggy android automotive software, and not delivering on a few features they promised, like the unlock with phone nfc tap on the door pillar, its there, but it doesnt work. Also the car has an SD card reader for recording 360 dash cam features, which dont exist yet. Hopefully we get these features, but im not holding my breath.
@@Kenny_PL thanks, it was 1% financing, I couldn't say no! Tesla's may have a better charging network and better battery tech and better software, but they all look like beans that're designed solely in the windtunnel, and im not a fan of musk.
Pretty much what we’re doing here. If it’s on TH-cam it must be true/real. If it then disproved, THERE MUST BE SOME TRUTH IN. It’s almost as if people will believe anything if it fits their worldview. Sorry to be so cynical.
GM is definitely on the right track. I expect to have a Cadillac in my garage in the future for the first time. My exposure to Teslas has come from my business, and they are my largest client. And over the last five years, most of all of my clients that own Teslas are not going to buy another. Three typical reasons, poor warranty customer service, cheap materials inside and after a couple years pieces literally fall off and lastly, the cost of charging away from is as expensive as ICE vehicles.
Rather ironic that GM, a company bailed out by the government not to long ago to the tune of $50B plus, surprisingly close to the Chinese 'help' for its EV/battery industry. You might say the US are hypocrites in this regard. You could not 'give' me a GM product, as good as anything Stelantis offers.
I'm fairly good at math and 114,000 x3 does not equal 495,000. 4x doesn't do it either. Plus, Tesla sales will easily increase enough to keep GM in second place.
The $7,500 credit from other US taxpayers should have never occurred and needs to end this month. Toyota, Ford and GM moving auto plants to Mexico either need to move back to the US or endure major tariffs.
No Company is Profitable with EV Sales, good thing for GM is that this will diversify its sales in US, preventing it from demise due to collapsing Gas car sales
Not in 2025, but that's also not their goal. They need to get production ramped up, and that costs money. I don't know their goals/timelines, but I wouldn't be surprised if they turn a profit in 2026/7
@@pranshukrishna5105 I would not at all be surprised if you're right. I was just thinking that since GM is already such a big company, it may be faster for them to ramp up then it would for a startup. I'm not saying it WILL happen, but I also don't think it's impossible for them to become profitable a bit faster than some newer companies.
Once all platforms are on the same battery pack they will all be profitable. This will be in part due to the popularity of the Bolt EV. The 2026 model will be a little bigger to accommodate the Ultium battery pack. It will keep a low price, unless you want a range Over 300 miles.
And that is to be expected during the changeover to EVs. This is a race between all global car companies and GM has to make up lost ground after they quit 20 years ago. They should be the global leader now but they listened to short term thinkers who prioritized profits over investment.
The Silverado EV is a real work truck, the lightning and Rivian can manage for lighter truck work. Cybertruck is more for what most trucks are used for in the US, which is pretending you need a truck, and driving around needlessly to show off your truck.
Totally agree with this. My neighbor just purchased one. He already has a Tesla and loves it BUT the Rivian, Lightning and CT have too small a bed for a work truck.
In your dreams maybe. In reality the CT is an excellent work truck, and many owners use it for work too. Of course most owners don't, but that's true for all other trucks too.
I don't think Tesla is too concerned if the USA EV market gets competitive and it's profits drop, as Musk has been mentioning the long-term plan is their A.I. division. The Tesla vehicles have "morph'd" into a test platform for A.I. software at this point so as long as they break even its OK for the company as a whole.
But it's not about Tesla, it's about transitioning to electric vehicles. The hope is for success to all brands pushing evs even though competition is bound to leave behind casualties.
I think GM is profiting on the negative association of Elon musk with Tesla . Drivers are looking for an alternative . Musk has really hurt his customer base . If you own a cyber truck your going to get some negative attention. I would not be surprised 50 percent of these gm sales would have been Tesla sales if musk was not the CEO and it's going to get better for gm . The y and 3 are bubble cars . Yes you have a refresh but gm may have better style . Having dealerships close to most buyers is helpful for maintenance and repairs .
It is good that GM is doing better on the EV front. They need to take advantage of the US government's tariff protections while they have them. Nevertheless, it remains to be seen if Trump will make good on his promise to put tariffs on Mexican and Canadian vehicles. If that happens, it will upset the car market in the US. Trump is not keen on EVs but will be prone to help Elon even as Tesla slips in sales. So, EV sales will be mixed with many unknowns in the US. With that said, the trends in favor of EVs are positive and moving away from ICE in the US and worldwide. No matter what Trump does, the transition to EVs is well underway. It can be slowed but not stopped. A larger question is whether the US and Europe can ever catch up with China in EV production and quality. At the very least, GM is showing that it is still in the game and is serious about EVs.
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That’s it? 114,000? That’s hilarious. You led, Mary.😂😂😂
GM never had a problem selling EVs. They had a problem making them. You have to have the product on the dealer’s floor to sell it, the way they sell their cars. They have a huge existing customer base to try to sell to. Now they need to add a “car” to the lineup. Not everyone wants an SUV. Chevy and Buick need a “car” in their lineup, to address the Model 3 market. An EV Monte Carlo/Malibu and a Riviera/Wildcat performance “near luxury” version.
Sales is one measure. PROFIT is the real measure and GM is loaded with stranded assets which include factories and contracts dedicated exclusively to ICE products. This is not an optimistic picture.
The reason so many Hummers were sold in the US is because of a generous tax incentive for business owners. If a car weighs over 6,000lbs, you can deduct a significant % off your taxes the first year. I have several business owner friends who bought HEAVY cars (Mercedes G, Land Rover, Hummer, etc).
I bet from those 114000 the majority are still on the lots. I work in the industry and it’s a shame what they will do to skew the numbers. Some Dealers even register vehicles for a week to increase the registered numbers. Right after the pandemic, I say 85% were customers cars but now I see around about 75% being lot vehicles. Not only that, shipping a vehicle from dealer to dealer makes the dealer look more productive.
Buy another GM product? NEVER EVER! Love my 5+ year old Tesla, best car we have ever owned by miles and miles. Yes, I’d buy another Tesla in a heartbeat.
The only way they can do that is by lowering prices. Their trucks are so expensive. I bought an EQEV in Nov 2014 and I’m happy with it, but the only way to increase sales are lower prices.
The question is, how do you think Juniper will impact their 2025 expectations. Not to mention if TSLA drops a model 2/q/whatever. Another major difference is: *at a profit*. Hopes may be dashed.
Sam, don't be blind to the reality behind GM's EV sales. They lose a ton of money on everyone, the only reason they sell ANY EVs is so they can keep selling highly profitable pickups and SUVs.
GM Sales growth shows Tesla's biggest mistake. They kept on pushing aside the affordable model, now GM is going to take over the low cost segment of market, if Tesla does nothing
@@SzaszaG1 Tesla will keep the higher segment market, but its not a good idea for them to let an entire market segment grow in drain. S&X are no longer viable, Model Y will struggle with competion from cheap evs. They will essentially be dependent on Y for growth
@@thomaswilson2917 GM is diversifying their sales. Gas car market is shrinking, ad its a good idea for them to grab decent chunk of "growing" EV market, before its too late. EVs will be profitable to sell in the future with declining battery prices
@@TeslaDo_d Capex. Over the long term It's not the real price of the car. Tesla lost money for years scaling up for EVs but once they built their factories they could turn a profit. That said, GM EVs are crap versus Tesla's much less Chinese competitors.
America will buy the sizzle of GM , when they realize what electric sophistication is, they will move up to the proprietary, fully integrated steak of Tesla.
Agreed on tech, but GM offers flavors Tesla doesn't. You've seen one Tesla car and you have seen them all, except Cyber truck which is dang ugly IMO. Tesla is blowing their lead...they have more stock value than the top 4 auto makers in the world, yet aren't using that value to launch many different car/Suv styles, or buy up other automakers, like Jeep would be great...and they could probably get it from Stellantis which needs money.
@jeffstewart3170, I think you miss the point. Tesla makes a proprietary, fully integrated EV, this means they manufacture their own components and write their own software. This is very important because all the functions of the car go through one main operating system from a very powerful GPU, this allows operation of all the car’s functions, from window switches to the battery management system that can even be adjusted OTA, you’ve heard that Teslas are not cars, but rather computers on wheels, this is why. GM does not manufacture their own components or write their own software, they assemble a car with components from Bosch, AC Delco and others who all write their own software, Ford , I believe has as many as 5-6 different operating systems in their Mach E, this is the reason a Tesla is a Tesla, you’re not buying just an electric motor and battery you are buying the complete package. When you buy a Tesla you are buying the equivalent of a smart phone, buying from GM you are buying the equivalent of a flip phone.
If US businesses would embrace AC Level 2 workplace charging for employees having no access to home charging, the SIGNIFICANTLY lower operating costs of BEVs would make ANY tax credit subsidies unnecessary (and non-political)!
If only GM had continued the EV-1 instead of "investing" in lawyers, they'd be the world leader.
You said GM is not serious about Evs, You were proved wrong
@@pranshukrishna5105 Look up the history of GM's EV-1.
@@tsbrownie What are some train Companies in US, like which company is Ford/GM of Trains in US?
Nah they are utterly incompetent.
Nice Movie around this subject: Who Killed the Electric Car? 2006 American documentary
I have a 2020 Bolt and love it. I'm 51 and its the best car I've ever owned.
That’s awesome that you like the Bolt
Have you test driven a Tesla?
Good for you.
gm bolt is the best ever. since any smartphone is better than a flip phone. but it's not even close to be a good EV
I hate that car companies call hybrids "EVs".
They are doing mental gymnastics to show
that they are doing something. It's all
disingenuous.
No, they're saying the car is a 'hybrid' of gas and electric. You hating it won't change the facts.
@@joeblow9398 more like hybrid lite😅
That tiny battery they put in these hybrids get you barely 50 miles extra to the gas component.
calling them a hybrid is a joke
I don't hate hybrids that gets 3X the mpg of ⛽ SUVs, urban pickups. The transition is never digital, it is a sliding scale. Hybrids help move us off fossil. To think it can be done over night is naive. Go visit a 3rd world country.
I've never heard that before but Toyota's HEVs (hybrid electric vehicles) do drive in EV mode when going slowly in traffic or waiting at a stop sign. Unfortunately, you can't force it to drive in EV mode. It's automatic, but it would be a nice feature. However, the 1.3 KWH drive battery in my Toyota Corolla Cross Hybrid is too small and it would be nice if it were more like 3 KWH. Remember, each KWH will get you at least 3 miles. (At $3.80/gal gasoline in California and $0.43/KWH electricity, it's significantly cheaper to drive a hybrid than a pure EV.)
@@creolerican Those battery hybrids it turns out statistically most people forget to plug them in since it is something you should plug in every day after driving it to take advantage of that 40 to 50 miles of battery only driving
I have had a Chevy Bolt EUV for over 2 years and it is the best car I have ever owned in so many ways including zero defects and great design. GM probably lost a bundle on that sale so the question of when they will be profitable on EV’s is really important in terms of knowing whether they will stick with it. Scale is critical and it appears that they are starting to achieve it. I should point out that most of the Chinese EV’s are not yet profitable yet either. BYD is apparently profitable and a few others should be profitable in 2025, Besides scale, you also need high reliability since warranty claims and recalls can quickly bleed off any profits you are booking. Time will tell. I think the big challenge for US manufacturers other than Tesla is going to be their business model. Franchised dealers rely on service revenue and with EV’s there isn’t much. My only service costs over two years of ownership have been tire rotation.
Except for the catching fire thing.
@@shepherdsknoll The lowest rate of fires of any model out there. The few that did catch fire get all the press. Man bites dog. Gasoline car fires are dog bites man. Common.
@@shepherdsknollThere’s a car fire every five minutes in the US. Very few make the news as we expected ICE vehicles to burn. They are powered by explosive gas after all
@@shepherdsknoll EVs are 30 X (and always getting even better) less likely to 'catch fire' vs ICE and hybrid vehicles... Yes, 30 X less likely. Isn't it amazing how we believe the media's lies without questioning anything? So the 'catching fire' thing isn't a 'thing'. In fact, if that is a real concern of yours, you should buy an EV.
It is just that each event is reported relentlessly by the media
@@travisjazzbo3490
Big talk...
But *AAA* _(my Home & Auto insurance carrier)_ says that my ATTACHED GARAGE stil makes the risk of Fire...
*'a THING'.*
🔥🔥🔥
If my Model 3 took a dump on me this year I would likely buy a Lyriq to replace it. But my Tesla just keeps going on strong no problems at 110k miles.
I'm a Tesla owner as well. We're used to frequent and reliable software updates, sentry mode, good mobile app, etc. Would be interesting to see if you'd be happy with a Lyriq.
Why you’d even consider a useless gm product is beyond me.
@@dadman9492 Useless how?
Highest crash stats, be careful!
GM EVs are just ok. They don't compare to Tesla EVs or any Chinese EVs for that matter. I really want them to do well but their business model will not be able to compete with Tesla. They will need to change so much in their corporate structure to actually turn a profit. Sam is dreaming and must have drank some kool-aid of some sort to release a video like this. GM will be lucky to be in business in 5 years.
Affordability and reliability will be key for any manufacturer, they MUST stop leaving the middle class behind! Henry Ford’s success came from making affordable vehicles for everyone.
True... but you have to remember that Tesla came from NOWHERE and couldn't afford to burn through billions like GM can. They had to figure out a way to make money fast and become the powerhouse they are in the time they did which no one else has touched. Making super cheap cars that everyone could afford would have meant extremely tiny margins and imagine the problems they would have had to deal with if they went that route!
They did what they did in a calculated way so they could make money and get through very trying times, the same as many of come and gone through the years that were all supposed to beat Tesla, but even Rivian is getting billions more invested to get to profitability at some point. No one as come close to Tesla, except China of course.
Having said that, here we go! I expect in 18 months Tesla will have a very affordable EV for the masses AND by then FSD will be unbelievably strong, if not complete... So the next steps of Tesla, between the Semi, FSD, robotics, mass storage commercial battery biz, and affordable EVs... gonna be interesting
Agree 100%. Not only are the vehicles out of the price range of most working families, but in the UK, insurance and road tax are fast becoming an impossible burden for most drivers. It’s no wonder our towns and cities are becoming increasingly overrun by electric scooters. 🛴
I live in the south west of Ontario Canada, all the GM dealers are stocking and selling EVs. The Brightdrop production plant is about 1 hr from me. I have been seeing convoys of transports with Brightdrop vans crossing the border.
A lot of dealerships are a huge hurdle unfortunately.
The dealerships don't want the EV so they will just overcharge on their MSRP and that will be their demise. Plus they don't or won't make any profit on them either.
I test drove a Honda Prologue and a Chevy Blazer and liked the Blazer better but bought the Honda because I didn't trust the dealer.
Dealerships = stealerships
Dealerships make most of their profits from the workshop, servicing and repairs are what keeps the lights on and the management getting those big bonuses.
EVs require virtually zero maintenance and servicing.
I fully expect over the next 5-10 years a lot of dealerships will close the doors and instead of having individual dealerships they will have just a sales showroom like a retail store and a workshop will be a hub for several manufacturers together, the reduction in mechanical repairs and serving will become a real problem for a lot of mechanics in the coming years/decade.
And that is my opinion, 26 years as a vehicle technician/master technician/diagnostic technician and mechanical fitter plus a few other accolades 😅.
I have left the motor trade for a while as i had foreseen this coming 5+ years ago, although I have my Electric vehicle training/disconnect & isolation, next month I’m due to complete cert 4 in electric vehicle battery repair and maintenance, mainly to keep up to date with technology but also as something to fall back on if needed.
Do you think that dealerships will service EVs, or will private shops take over?
How much do GM lose on each EV? If they beat Tesla this year they will be bankrupt doing it.
No, that's no how it works. Their "loss" includes amortizing sunk costs, like R&D and manufacturing plants, not just per-vehicle materials and labor costs. Spend $100 in amortized sunk costs but only produce 1 widget for $1, then each widget lost $99. Sell 50 widgets at $1 each, then each widget loses only $2. If you can ramp up production on the same equipment and same time period, then each sale decreases the unit cost.
@@charleshill7184that and when we were first hearing the legacy automakers loss figures for EVs, lithium was near a record, cells and batteries, the most expensive part of the vehicle were probably around 2x the price they currently are….
I would also bet they aren’t counting CAFE fine savings.
Then they have a LONG way to go before they become profitable. They will likely go bankrupt doing so before they catch up to Tesla. Tesla's cost structure can't be beat by a unionized legacy manufacturer especially if Trump applies tariffs to cars made in Mexico and/or Canada.
@charleshill7184 I am looking at the cost of materials to build the EV. That's it.That is the bottom line. I don't think GM is profitable even on that basis.
@@nguyep4 I don't think I've seen a reliable source for this information. As EVs have fewer parts than ICE vehicles, that means the manufacturing processes should be simpler, the supply chain shorter, labor costs less -- all costs less...once they get the bugs worked out and get humming.
GM is dumb... killed the Bolt, built Hummer EV at $100K+, Silverado $80K+, and Celastiq at $300K They deserve to fail. Their leadership is plain ridiculous.
Connecting the dots just released a video explaining their behavior, go check it out;)
Bolt's back.
Age you ever run a car company? Didn’t think so. So easy to criticize.
Musk builds the stupid cybertruck, A big loser.
@@littleherms3285 ALMOST back.
If GM is going to sell more than Tesla's 1.79 million, then yes, but I find that hard to imagine.
They have enough plants to make that many cars. Just need battery plants, which they are building. They have dealers all over, parts supply, techs, brand loyalty, no Musk baggage. .
Buying an Equinox EV this week.
@@spinecat how much are you paying?
Tell us about your experiences
congrats!
Please let us know how it goes
@@spinecat bro why? Good luck charging it. And i’m not being mean, i being real. If u have charging at home you are good. If not……
I have a 2020 Bolt and love it. Bought it used for $14,500, GM replaced entire battery at zero cost. Fit and finish is great. Car handles like a race car.
can i please get your honest opinion. have you driven a Tesla before? if so, how would you compare? thank you.
Have you ever drifted a car on a turn Rice Man ?
Yeah, but it's a BOLT!
I have driven a Bolt. I like the car. Let’s be honest though, it does not handle like a race car. It’s a great town car.
Own a Bolt and rented an M3 for a long trip once. M3 handled nicely, had a great sound system and the Superchargers were awesome. But M3 had squirrelly stuff too - lack of physical controls, silly door handles, didn't care for autopilot, the cameras thought they were broken when traveling at night out in the country - and I wouldn't want to pay insurance for it. Overall I'd rather own a Bolt, even aside from the whole business of Musk being a far-right goblin I wouldn't want anything to do with.
Most of us love our Bolts. They are slow to charge, but that's no problem for me. When it needs a charge I plug it in after 9PM when Alabama Power cuts my rates for having an electric vehicle. I also turn on the washer, dryer, and dishwasher when I go to bed. I have timers on my water heaters and they only heat between 9PM and 5AM when my rates are low. I never run out of hot water. Saves me a lot on my power bill. I have a Jeep Grand Cherokee (2014 before Stellantis destroyed the brand) with a Hemi. I use it for towing and travel. I filled it up in October and It's down to 1/2 tank. Looks like I may have to fill it again in March. The Bolt handles 90% of my driving needs. It was built in Dearborn, Michigan. My Jeep was built in Detroit. The incentive to the tariffs is to bring those jobs back home. I hope it works.
I'm from Detroit...
Glad you found success ❤❤
You could look into pricing rooftop solar with battery backup, in which case you might not pay anything for your electricity. That's what we have, and over the past three years our power company has been cutting us a substantial end-of-year check for selling back excess power our system generates into the grid. In a nutshell, we mainly live off our own solar-generated power from the rooftop and what we store in the battery backup. That will change this year however as we just bought a second Tesla for my wife: the refreshed Model 3. We love the convenience of "fueling" up the vehicles at home. And if we need to rely on the grid to fuel up a vehicle at night, we pull from the battery and schedule the session to take advantage of cheaper off-peak rates. All over No. CA people are bemoaning the frequent hike in electricity rates. Not us.
@@daviddonnenfield672 what did your solar power system cost you? I've taken three weeks in the last six years, and can't make it work.
@@bjb7587 Around $20K for 17 panels and a Tesla PowerWall with everything installed. It included a tax break or a rebate. I can't remember which it was nor the amount, but probably in the neighborhood of $3500 to 5K.
@@daviddonnenfield672 nice. I've gotten quotes around $35k with no storage. Even when panel prices dropped, installation cost didn't. Tax credit available, but I'm retired, pay little in taxes, so can't use it. Low rates in PNW ($.10/KWH). Just can't make it work. Hardly anybody in my area has solar panels. It's a shame.
I hope GM hits their goals. We need real competition so we can afford proper cars.
Telsa comes out with its NEW model Y, which many people have been waiting for after all the improvements in the model 3. The race won't even be close.
Who wants to drive a nazi car?
Telsa has a stinky smell and rides too harsh and it's overpriced. No thanks.
The next Chevy Bolt will also help their sales.
Bolt sales were continuing to rise when she cancelled it. Kinda disappointing. Now we wait.
Just because they want to sell 3x doesnt mean people will buy. Especially with GMs track record and current no NACS plug.
I just checked on this. GM states that the Equinox EV does have access to Tesla Superchargers with an adapter, so I'll bet ALL the current GM EV's have that capability now.
The lack of a NACS plug is a major issue for us. We drive across country a fair amount and would not even consider it with only a CCS connection. The absolutely incontestable thing that Tesla has done is the charging network.
Don’t take dreams for reality.
Some dreams do become reality, but many are partially successful. Which looks like it's going to happen because .things are falling into place.
I love it when someone nails their colours firmly to the mast ..... "It could go either way".
Happy new year You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Investing in crypto/forex is a good idea,
a good trading system would put you
through many days of success.
Investing $15,000 and received $174,000
Same, I met Mrs Maria Daviz last
year for the first time at a conference in
Manchester, after then my family
changed for good. God bless Mrs Maria
YES!!! That's exactly her name (Mrs Maria d) so many people have
recommended highly about her and am
just starting with her 😊 from United States
Watch the documentary Who Killed The Electric Car, spoiler alert it was GM who then Went on to start the trend of big gas guzzling SUVs. So they reap what they sow, their downfall was their own fault they could have been the true industry leader but lacked the moral fortitude to resist the fossil fuel influence
The problem was that at the time, neither GM nor anyone else really had a mature technology yet.
@@unconventionalideas5683 exactly. One can't compare that electric car to EVs today. Not the technology nor the charging infrastructure.
GM didn't do that alone. Petroleum companies had a big party in squashing that electric car, for obvious reasons.
Tesla is not in trouble, not even close 😂
Define, trouble.
@@joeyabb1965 closing a factory maybe or laying off thousands of workers
@ So like Tesla did, right??? They laid off 400 back in 2019 and have continued to layoff people. Also, what about Trumpy the clowns proposed tariff on Chinese goods??? Tesla doesn’t make PCB boards. I wonder where they will get them from??? Hmmmmmmm
Delivers dropped in MRQ, ouch! Tesla may survive, but the stock is wildly overvalued.
@ Tesla is not going away but their market ‘lead’ will be eroded. I totally agree on the stock comment. Stocks are normally not a good indicator of a companies actual success/failure.
Today I lease a Honda prologue EX FWD EV with 15k miles per year for 36 months. Monthly payment 365 usd 0 down payment 😊
If GM can make a profit on their electric cars, we will need to turn our projections upside down. IF...
GM and ChargePoint are going to build up America’s EV infrastructure together. It’s a great time to buy ChargePoint CHPT stock cheap nearly $1 🌝
GM has too much overhead expenses due to labor unions. They make nice EV’s but they can’t compete with Tesla. Tesla is the only US company that makes a profit on their EV’s.
Tesla workers need a labor union.
Tesla workers don't need a Union, their shares are up 100+% so they're very happy.@@gtromble
I want a GM Siera EV Denali. You have to admit, that thing doesn't pretend to be a truck.
Your information on the price of the Equinox EV is WAY off. I believe you are quoting the ICE version. The BEV starts at $42k and no dealership is ordering that low of a trim. Most are $45k
Wrong. The 2025 base trim is 35k without incentive and there are actually plenty of you just look .
@@jokulhaups309 sorry I’ve tried to reply to this twice now. Perhaps because I’m adding a link it is not working? Anyways I cannot find any equinox EV’s for less than $44,000. The Chevy website states that they start at $41,900.
@@jokulhaups309 Not BEV
@ do a hair of research, and try again. It’s right on their website
General Motors currently does not make a profit on its electric vehicles. As of the latest updates, GM has been incurring losses on each EV sold, with reports indicating "substantially negative" margins due to the costs associated with building battery plants, retooling factories.
It's all about each quarter result showing positive sales, the bonus each year for board members is the goal, nothing else!
And then - volume production ramps up - the losses reduce to 0. EVs cost less than gas powered cars.
They shouldn't be buying back stock or execs getting bonuses as they defaulted on their loans from 2009.
Well, the choice is lose money now and shrink the loss over time or go Bankrupt.
It’s a pretty simple choice.
GM will shrink the negative margins, but not be profitable with EVs before going bankrupt (again).
So you think that GM will make up their loss per car on EVs through volume? I think that 'business schools' have disproved that!
The question to ask is how much profit will each model EV make for GM?
That profit they're getting is called catastrophic loss.
wr
I’m loving the big Ute Silverado, now to find a right hand drive version.
if GM didn't have all the subsidies from the American taxpayer?.....Can't see GM making a profit soon without the Gov's help
Tesla got lots of government help, and still does with carbon credits. ALL car companies get loads of government help, often in indirect, but very large ways.
@@davidnika446 Tesla would still be profitable without credits and GM throughout its history is probably the company in the US to have received the most tax payer money ever. I used to be a GM fan but not since the bailout.
Same with China EV, maybe much much more subsidies and government China policies …
@@antoinepageau8336Tesla would have not been around without subsidies from California and the US.
@@antoinepageau8336 I don't entirely disagree, but Tesla would not have reached profitability without government help. They needed allies to compete with ICE mfrs. And Musk, the staunch "libertarian" was asked about this. At that point he said extraordinary times call for extraordinary measures. Now he's hijacking congress to kill all competition so he can dominate EVERYTHING. Tesla got lots of financial, regulatory and policy perks to help them get to where they are. I'm not saying that they shouldn't have, but Musk wants these benefits for HIS company and nobody else.
I'm holding out for an electric El Camino.
It's interesting that in a recent episode, the Electric Viking named Tesla's refreshed Model 3 the best EV for 2024. Especially for the price. We bought one for my wife last month. I bought my own Tesla, a Model Y, 2 years ago and am still impressed with every aspect of the car: handling, design, comfort, spaciousness, range (although at 300+ miles, it could be better), electronics (navigation, control settings, software updates, Tesla's phone app, etc.), audio system, and elimination of road noise. It verges on being a work of art and I'm constantly impressed how it remains a pleasure to drive. But the new Model 3 is even better. That and the refreshed Tesla Model Y, when it comes out this month or next, are the standard by which other EVs should be judged. I can't emphasize enough to DO YOUR HOMEWORK on whatever car you're considering and compare it against the refreshed Teslas to give it a fair evaluation. Whatever you decide, you will be confident you made the right choice.
Looking for the next phase in this strategy. What a company like GM needs is a full competitive EV in every segment. GM now needs a smaller affordable pickup (like Maverick) and a smaller affordable sedan/SUV. Could certainly say the same about Tesla and all the others for that matter. GM got there a bit slowly but they got there and I'm a little surprised by how well they did last year. Keep it up people!
People keep talking about EV profitability.
You're going to have problems with that in a changeover, BUT, eventually you aren't building battery plants, and retooling factories anymore.
Then you can actually start making money.
The trick is to survive long enough to get to that point.
We will see which, if any, legacy brands make it to that place.
Nice to hear some one else saying this. There are a lot of costs in a transition, which is why business are understandably not keen to jump in unless they are either sure it is a winner or they are forced to. Retooling, retraining and new R&D costs are significant.
And you also have to keep the old lines going. The cost of this are huge and risky and can make or break management careers.
Interestingly, Jaguar decided to shut for a year to make a fast transition. In theory that will cut some of the costs of having two lines, and you could gain more than you lose by having a fast transition. It’s bold, but not as crazy as it at first seems.
GM can afford to lose money for a long time on EVs. What will be interesting is how long it would take for them to come even close to Tesla efficiency of building EVs mass scale. Tesla does things differently in the world of efficiency and legacy companies have such a long way to go, and even if they make massive strides - which is difficult for them, in a few years, Tesla robots will be doing most human work left in factories making them even more efficient.
@@javelinXH992That’s a very interesting viewpoint regarding Jaguar. I’m a Brit and so want Jaguar to succeed. Could never afford one myself, but isn’t that the point of aspiration vehicles.
@@hoodmonster1 Yeah, I’d like them to be ok too. Mainly because a lot of UK jobs will need them too. I’ve never been in the market for any type of Jag anyway.
I think a lot of the criticism is from people who feel that by going EV like this Jaguar have betrayed them.
The ad would also have been, shall we say, “challenging” to a certain demographic who associated Jaguar with their mindset. I believe that was deliberate.
The problem is not retooling, but company culture. The legacy players are structurally unable to design and build profitable EVs.
They need to restructure themselves, completely change their mindset, change their investors' mindset, hire tons of fresh talent, and so on. Capital issues are only coming after all of that.
everyone here saying gm isnt making a profit on evs... lol a gm engineer finds a way to make a profit off taking a shit. gm wont produce anything that is not IMMEDIATELY profitable. theyve shed all their debt, they dont have to fund pensions and theyre as lean as they can possibly be. almost all of their operations are almost completely automated. gm is like every business owner telling ppl how poor they are from the back porch of their summer home lol
doesn't matter how many cars you sell are they making any money on the cars they're selling the EVS
How much is GM losing on each EV they make ?
How do you know they do? Have you seen their accounts?
Jim Farley at least showed how bad it is. GM don't care as they expect another bailout.
@@DanRyzESPUK I never said they actually didn't but it is common knowledge that all legacy car manufacturers cant make a profitable EV, they have admitted to it. They are all looking for a bail out as that is the only way they can make money nowadays, especially GM who had $bn's in government bailouts
@@Alarix246famous for privatizing profit and socializing losses
@@DanRyzESPUK Do your self a favour and do some digging before you make stupid statements like you do, you only show your ignorance. There is one report that says GM lost $1.7 billion on EV's
Did they sell or is it on the dealership lots?
Good point. If they are not sold to actual customers, it shouldn't count.
Well, I live in San Jose, CA and there are a huge amount of BEVs here. All I can say is that lately the Equinox has become VERY common on the streets around me. Having a low entry cost and a decent looking car is a big advantage. We have a Model 3 and a Model Y but I prefer the Equinox's appearance better than the Y. I have yet to get in one or drive one but I would expect that the user interface is somewhere between a Tesla with no buttons and a standard ICE with a myriad of buttons. As they say, it is a transition.
Sold
GM has been at the EV thing for a very long time, but GM is GM and still struggles with quality.
Elon is helping GM a lot by pushing customers away from Tesla.
Just his politics?
Maybe, but others are being pushed to buy one too
Maybe. but so many of the maga crowdvhave been brainwashed into beliieving warming is a hoax , windmills have proven to be a failure. and have sworn to die with the keys to their v8 in their hands that i really dont know who the others are.
But it may not matter as maga back up batteriesvare proving to be in high. demand. @@dexlab7539
It will be interesting to see if that theory is true?
I agree completely. Elon is too smart to not know what he's doing. I think he is bored or no longer cares about Tesla. He got an opportunity to move on to bigger and better things and is okay with lopping the Tesla arm off. I mean ticking off the base that buys your cars and supporting the base that hates your cars doesn't seem like a smart strategy unless of what I said above. He also hasn't updated designs in years and then there is the cybertruck disaster. With so many competitor models out now and continuing to be released, I don't think 2025 will be a good year for Tesla but at the same time be a great year for EV's.
When will there be a SMALL EV truck available? I drive an old Tacoma and want to upgrade but don’t want something larger in my garage. A Hummer EV, are you kidding me??
Even IF Trump doesn't shut them down in Mexico they still have to pay the dealer markup which is cutting into their profits. They can't get the best battery tech but will the public know or care? What will the speed of acceptance of FSD be? They're not out of the woods by a LONG shot.
Wait...I think you misspelled the word, "losses". You spelled it to look like "profits".
I have a 2023 Mode Y and we did not buy FSD but every so often Tesla hands out a month of FSD use and we test it. So far I have not been able to get from my house to the freeway without an intervention. My wife won't use it because it is more nerve wrecking to use it than to simply drive. It makes odd decisions and doesn't seem to be consistent from one instance to another.
Having said that we use AP a lot. We drive the car and the car takes care of the mechanics. That works very well for us.
In Marys dreams....never going to happen.
GM is a joke!
Certainly doesn't make Tesla fans laugh; on the contrary, GM can't stop makeing 'em weep, maryyyyyyy you did it marryyyyy', 😅
As someone who purchased a Lyriq over a model X I am very happy with my purchase and still love the Lyriq after putting 6200 miles on it.
Tesla’s cars are good cars, but I’d rather drive a GM right now.
They have been a joke for a long time they’re trying to get serious, but this is like their fifth time in my lifespan where they tried to get serious about making cars, but what is not a joke as they will take Tesla because they are simply largest manufacturer of cars in the world Just the numbers the amount of divisions that they own to split the market that’s why they were overtake them not because they’re better
@@jaeluatl they will still make inferior to Tesla vehicles, as Tesla is continuously innovating, GM doesn’t understand that concept!
@@DishNetworkDealerNEOTesla can’t even line up panels on their cars…..
I picked up a 2025 Equinox 12/30/24. With dealer discount, costco $1k coupon and 2 other gm incentives and $7500 fed tax credit, it cost me $31,090 out the door. List for $43,300 with gm L1/L2 charger and comfort package. I still have my 2017 Volt PHEV (48mi on full charge now, 53mi when brand new) purchased new in 2017 that runs like a top! NACS adapter shipping to my house tomorrow so i'll be road trip ready soon. The car had 4 miles & was 94% charged when i bought it the day after dealer received delivery. I have 159 miles (48 driven today in 30dgr weather in Alabama) with 50% charge remaining. Loving this vehicle! If it holds up like the Volt, I'll continue to buy Chevy brand!
I wouldn't take a GM EV if they gave it to me
Don't worry. No one will. 😄
Good to hear people are still earning salaries. Keep it up.
I would be happy if GM opened Chevrolet dealerships in Australia and sold their EVs here.
My Bolt euv Lt has had zero problems, and is inexpensive to run. I hope GM's evs continue to do well.
Great. Let’s talk about the overall (minus) profit on those 114.000 sales.
Ok what is it
GM is selling skateboards to Honda!
As a past GM customer, never again! Our Tesla works!
I have a Cadillac Lyriq and I love it, but I'm not so delusional to believe Mary Barras claims. They won't be beating tesla in 2025, but they will sell way more electric cars in 2025. My only gripe with the lyriq is buggy android automotive software, and not delivering on a few features they promised, like the unlock with phone nfc tap on the door pillar, its there, but it doesnt work. Also the car has an SD card reader for recording 360 dash cam features, which dont exist yet. Hopefully we get these features, but im not holding my breath.
Lyriq is SICK. Congrats my man
@@Kenny_PL thanks, it was 1% financing, I couldn't say no! Tesla's may have a better charging network and better battery tech and better software, but they all look like beans that're designed solely in the windtunnel, and im not a fan of musk.
@
I would have done the same thing. If i could get it in Europe and get a financing like that, that would be a no brainer. Awesome looking car 👍🏼
"Hard to tell what djt will do", best understatement of 2025 candidate.
Glad to see GM is getting their act together. Hope it keeps up!
GM will triple its financial losses from EVs
EVs aren’t the problem. Tesla makes profits from them. Its poor management
@ tesla is the only company making decent profits on EVs and a good part of it are carbon credits. In general almost everyone is loosing money on EVs.
Best guess is that 91k of those 114k GM EVs ended up in consumers' hands in 2024. The rest are on dealers' lots.
If it's on the Oprah show, it's corporate reality on someone's spreadsheet!
Pretty much what we’re doing here. If it’s on TH-cam it must be true/real. If it then disproved, THERE MUST BE SOME TRUTH IN. It’s almost as if people will believe anything if it fits their worldview. Sorry to be so cynical.
GM is definitely on the right track. I expect to have a Cadillac in my garage in the future for the first time. My exposure to Teslas has come from my business, and they are my largest client. And over the last five years, most of all of my clients that own Teslas are not going to buy another. Three typical reasons, poor warranty customer service, cheap materials inside and after a couple years pieces literally fall off and lastly, the cost of charging away from is as expensive as ICE vehicles.
Do they count the Hondas they relabel?
I think it is telling that Honda and Acura evs are rebadged GM cars.
Elon Musk is not american and Tesla is a chinese car company.😮😮
LOL... love the satire!
Rather ironic that GM, a company bailed out by the government not to long ago to the tune of $50B plus, surprisingly close to the Chinese 'help' for its EV/battery industry. You might say the US are hypocrites in this regard. You could not 'give' me a GM product, as good as anything Stelantis offers.
I'm fairly good at math and 114,000 x3 does not equal 495,000. 4x doesn't do it either. Plus, Tesla sales will easily increase enough to keep GM in second place.
Well, Tesla sold 471, 930 cars in Q4 so they didn't do 495K either.
@@bryanwhitton1784 Wrong. 471,930 was Models 3 & Y only.
The $7,500 credit from other US taxpayers should have never occurred and needs to end this month. Toyota, Ford and GM moving auto plants to Mexico either need to move back to the US or endure major tariffs.
Yeah, but can GM be profitable with their EV sales?
No Company is Profitable with EV Sales, good thing for GM is that this will diversify its sales in US, preventing it from demise due to collapsing Gas car sales
To be profitable with mass produced vehicles needs vilune sales.
Costs per unit reduce with increasing volumes.
Not in 2025, but that's also not their goal. They need to get production ramped up, and that costs money. I don't know their goals/timelines, but I wouldn't be surprised if they turn a profit in 2026/7
@@RelevantDad They are not turning profit anytime soon, BYD has been selling BEVs for years, and their BEV sales are still not profitable.
@@pranshukrishna5105 I would not at all be surprised if you're right. I was just thinking that since GM is already such a big company, it may be faster for them to ramp up then it would for a startup. I'm not saying it WILL happen, but I also don't think it's impossible for them to become profitable a bit faster than some newer companies.
If Trump removes the EV incentives Gm will fall flat on their face.
did they SELL them or did they just deliver them to dealerships who can’t sell ‘em?
EXACTLY! thats the same for all legacy car makers in Q4. Every year the same procedure ......
What are the dealerships receive are categorized as shipments. What the dealerships deliver to customers are sales.
They make a loss on every EV sale. Well done GM.
How do you know? Have you seen his figures?
It took Tesla a very long time to be profitable.
@@DanRyzESPUK Mary said they don't make money on BEV @ $40,000, so here it is.
Once all platforms are on the same battery pack they will all be profitable. This will be in part due to the popularity of the Bolt EV. The 2026 model will be a little bigger to accommodate the Ultium battery pack. It will keep a low price, unless you want a range Over 300 miles.
And that is to be expected during the changeover to EVs. This is a race between all global car companies and GM has to make up lost ground after they quit 20 years ago. They should be the global leader now but they listened to short term thinkers who prioritized profits over investment.
The Silverado EV is a real work truck, the lightning and Rivian can manage for lighter truck work. Cybertruck is more for what most trucks are used for in the US, which is pretending you need a truck, and driving around needlessly to show off your truck.
Totally agree with this. My neighbor just purchased one. He already has a Tesla and loves it BUT the Rivian, Lightning and CT have too small a bed for a work truck.
In your dreams maybe. In reality the CT is an excellent work truck, and many owners use it for work too.
Of course most owners don't, but that's true for all other trucks too.
I heard that republic garbage services will collect trash in cybertrucks
I don't think Tesla is too concerned if the USA EV market gets competitive and it's profits drop, as Musk has been mentioning the long-term plan is their A.I. division. The Tesla vehicles have "morph'd" into a test platform for A.I. software at this point so as long as they break even its OK for the company as a whole.
Full self driving "next year" 😂
But it's not about Tesla, it's about transitioning to electric vehicles. The hope is for success to all brands pushing evs even though competition is bound to leave behind casualties.
I got a Bolt euv in colorado. With state and federal tax credits it's 15,000 off.
You mentioned $27,000 usd? I don’t see that msrp on their website
As he mentioned, that is WITH the EV tax credit.
I think GM is profiting on the negative association of Elon musk with Tesla . Drivers are looking for an alternative . Musk has really hurt his customer base . If you own a cyber truck your going to get some negative attention. I would not be surprised 50 percent of these gm sales would have been Tesla sales if musk was not the CEO and it's going to get better for gm . The y and 3 are bubble cars . Yes you have a refresh but gm may have better style . Having dealerships close to most buyers is helpful for maintenance and repairs .
Never drove a GM vehicle that I liked.
It is good that GM is doing better on the EV front. They need to take advantage of the US government's tariff protections while they have them. Nevertheless, it remains to be seen if Trump will make good on his promise to put tariffs on Mexican and Canadian vehicles. If that happens, it will upset the car market in the US. Trump is not keen on EVs but will be prone to help Elon even as Tesla slips in sales. So, EV sales will be mixed with many unknowns in the US. With that said, the trends in favor of EVs are positive and moving away from ICE in the US and worldwide. No matter what Trump does, the transition to EVs is well underway. It can be slowed but not stopped. A larger question is whether the US and Europe can ever catch up with China in EV production and quality. At the very least, GM is showing that it is still in the game and is serious about EVs.
That’s it? 114,000? That’s hilarious. You led, Mary.😂😂😂
I think a sale for gm is to the dealer, not the end user so new models should start with a bang.
GM never had a problem selling EVs. They had a problem making them. You have to have the product on the dealer’s floor to sell it, the way they sell their cars. They have a huge existing customer base to try to sell to. Now they need to add a “car” to the lineup. Not everyone wants an SUV. Chevy and Buick need a “car” in their lineup, to address the Model 3 market. An EV Monte Carlo/Malibu and a Riviera/Wildcat performance “near luxury” version.
Sales is one measure. PROFIT is the real measure and GM is loaded with stranded assets which include factories and contracts dedicated exclusively to ICE products. This is not an optimistic picture.
The reason so many Hummers were sold in the US is because of a generous tax incentive for business owners. If a car weighs over 6,000lbs, you can deduct a significant % off your taxes the first year. I have several business owner friends who bought HEAVY cars (Mercedes G, Land Rover, Hummer, etc).
What he said. Anyone who buys a car on looks and price alone is asking for trouble. No one approaches Tesla with the total package imo.
I bet from those 114000 the majority are still on the lots. I work in the industry and it’s a shame what they will do to skew the numbers. Some Dealers even register vehicles for a week to increase the registered numbers. Right after the pandemic, I say 85% were customers cars but now I see around about 75% being lot vehicles. Not only that, shipping a vehicle from dealer to dealer makes the dealer look more productive.
they’re doing better and suspect need subsidies
“GM lost $2.5 billion on EVs in 2023, down from $3.3 billion in 2022”
GM 'sales' were mostly super low leases.
Buy another GM product? NEVER EVER!
Love my 5+ year old Tesla, best car we have ever owned by miles and miles. Yes, I’d buy another Tesla in a heartbeat.
The only way they can do that is by lowering prices. Their trucks are so expensive. I bought an EQEV in Nov 2014 and I’m happy with it, but the only way to increase sales are lower prices.
The question is, how do you think Juniper will impact their 2025 expectations. Not to mention if TSLA drops a model 2/q/whatever. Another major difference is: *at a profit*. Hopes may be dashed.
went past the local chevy dealer yesterday - they have 2 brightdrop vans on their lot. $80,000 each...
Sam, don't be blind to the reality behind GM's EV sales. They lose a ton of money on everyone, the only reason they sell ANY EVs is so they can keep selling highly profitable pickups and SUVs.
GM Sales growth shows Tesla's biggest mistake. They kept on pushing aside the affordable model, now GM is going to take over the low cost segment of market, if Tesla does nothing
Apple hasn't got an 'affordable' phone...
It's not about the hardware ,it's about the services.
How long can GM afford to sell EVs at a loss?
@@SzaszaG1 Tesla will keep the higher segment market, but its not a good idea for them to let an entire market segment grow in drain. S&X are no longer viable, Model Y will struggle with competion from cheap evs. They will essentially be dependent on Y for growth
@@thomaswilson2917 GM is diversifying their sales. Gas car market is shrinking, ad its a good idea for them to grab decent chunk of "growing" EV market, before its too late. EVs will be profitable to sell in the future with declining battery prices
Nothing is gonna be cheaper than the robotaxi.
Just bought an Equinox for $30k off the lot…
GM lost $40k on the sale. Congratulations.
@TeslaDo_d Are you implying that It costed GM 70k US to make that car?
@@DanRyzESPUKprobably more.
@@TeslaDo_d Capex. Over the long term It's not the real price of the car. Tesla lost money for years scaling up for EVs but once they built their factories they could turn a profit. That said, GM EVs are crap versus Tesla's much less Chinese competitors.
America will buy the sizzle of GM , when they realize what electric sophistication is, they will move up to the proprietary, fully integrated steak of Tesla.
Agreed on tech, but GM offers flavors Tesla doesn't. You've seen one Tesla car and you have seen them all, except Cyber truck which is dang ugly IMO. Tesla is blowing their lead...they have more stock value than the top 4 auto makers in the world, yet aren't using that value to launch many different car/Suv styles, or buy up other automakers, like Jeep would be great...and they could probably get it from Stellantis which needs money.
@jeffstewart3170, I think you miss the point. Tesla makes a proprietary, fully integrated EV, this means they manufacture their own components and write their own software. This is very important because all the functions of the car go through one main operating system from a very powerful GPU, this allows operation of all the car’s functions, from window switches to the battery management system that can even be adjusted OTA, you’ve heard that Teslas are not cars, but rather computers on wheels, this is why. GM does not manufacture their own components or write their own software, they assemble a car with components from Bosch, AC Delco and others who all write their own software, Ford , I believe has as many as 5-6 different operating systems in their Mach E, this is the reason a Tesla is a Tesla, you’re not buying just an electric motor and battery you are buying the complete package. When you buy a Tesla you are buying the equivalent of a smart phone, buying from GM you are buying the equivalent of a flip phone.
If US businesses would embrace AC Level 2 workplace charging for employees having no access to home charging, the SIGNIFICANTLY lower operating costs of BEVs would make ANY tax credit subsidies unnecessary (and non-political)!
That’s a very interesting viewpoint regarding destination charging at your workplace. BMW and I think Siemens do offer this in Oxford.
Mary is going to "lead' in EV sales next year 😂
😵💫🤣 The Viking is fast becoming totally unhinged.😵💫