Electric Vehciles

Tesla Cybertruck reservations surpass total number of vehicles company made in 2018, 2019

Tesla introduced its Cybertruck with much fanfare last year.

Photo courtesy of Tesla

According to data received by Finbold.com, reservations for the Tesla Cybertruck amount to more than the total number of vehicles the company made in 2018 and 2019, combined. The estimates show that there are around 650,000 pre-orders. In 2018 and 2019 Tesla produced 612,120 vehicles.

Tesla's deliveries have been growing over the last few years. In the fourth quarter of 2019, the company registered 90,700 deliveries bringing 2018's total to 244,920. In all of 2019, there were 367,200 deliveries. The first and second quarter of 2020 have proved challenging for the company, as it has for automakers the world over.

Finbold Tesla deliveriesPhoto courtesy of Finbold

As reservations for the Cybertruck tick upwards, Tesla is investing in production outside of the U.S. The company is currently building out its factories in Shanghai, China and Berlin, Germany.

The European and Asian markets are hotbeds of activity for electric vehicles. New regulations and incentives are making driving an electric vehicle a newly-considered lifestyle choice for car buyers.

When it debut in the festivities leading up to the L.A. Auto Show last year, the Tesla Cybertruck immediately captured the attention of people everything, even those not typically truck buyers or auto enthusiasts.

In the U.S., the Cybertruck will come in Single Motor Rear-Wheel Drive, Dual Motor All-Wheel Drive, and Tri Motor All-Wheel Drive. The single motor-rear wheel drive base model has a $39,900 price tag. The mid-range dual motor model is $49,900 and the tri motor begins at $69,900.

Tesla CybertruckReservations for the Cybertruck are currently being accepted.Photo courtesy of Tesla

The base model will have a 250-mile range while the Dual Motor AWD truck will go 350 miles. The top-tier Cybertruck will have a 500-mile range.

Tesla will hold your place in line for a Cybertruck $100 fee that is fully refundable. You can pay via ApplePay or a credit card.

The company's website claims that production will start in late 2021. Tri Motor All-Wheel Drive models will begin production in 2022. Production delays are a legendary part of the company's history so don't be surprised if these dates get pushed back further.

Even with expanded availability on production lines worldwide, the company may take years to fulfill orders once they begin coming in.

Still, a reservation does not guarantee and order or a delivery. For now, we wait.

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New luxury EV

Lexus announces all-electric RZ 450e

Lexus just announced the new RZ 450e

Lexus

Lexus and Toyota have finally jumped onto the EV train, and we’ll soon see new all-electric SUVs from both. The Lexus variant, named RZ 450e, features a reasonable range, upscale interior, and neat all-wheel drive technology. We don’t have firm pricing for the Lexus, but expect it to start in the mid-to-high $40,000 range.

2023 Lexus RZRange is expected to reach 225 miles per chage. Lexus

The RZ shares a platform and much of its underlying engineering with the Toyota bZ4X and Subaru Solterra, but will take a more upscale approach. Though its size and overall shape are similar to the others, the Lexus’ exterior styling is sharper and sportier, with functional aerodynamic bodywork. A new Lexus logo is spelled out on the rear gate, instead of the traditional “L” of previous models.

The SUV comes with a 71.4-kWh battery that should deliver a range of around 225 miles on a charge. All-wheel drive is standard, and uses the RZ’s dual electric motors to shift power between the wheels that need it most.

Inside, the RZ features a minimalist, open space with controls meant to remind drivers of a horse’s reins. Ultrasuede upholstery and woodgrain trim come standard. Lexus notes the RZ’s head-up display is controllable via steering wheel-mounted buttons that handle navigation, audio, and other functions.

2023 Lexus RZThough similar to the Toyota bZ4X inside, the Lexus IS more upscale and minimalist. Lexus

Speaking of the steering wheel, the first RZs will be available with a round wheel only, but later on, Lexus will offer a yoke-style wheel like the one seen in the Toyota bZ4X concept and Tesla’s Plaid models.

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The majority of new car buyers paid a markup in January 2022.

VW

It's no secret that new car prices are climbing every year, as new technology and features make their way into even the most basic models. The issue is compounded by massive supply chain issues that have caused vehicle shortages for nearly every major automaker. Some dealers are taking advantage of record low inventory levels by marking up prices, and unfortunately, the problem isn't limited to a handful of bad apples. In analyzing recent sale price data, automotive publication Edmunds found that buyers paid a markup in a whopping 82.2 percent of all new vehicle purchases in January 2022, compared to just 2.8 percent a year before. Overall, the average transaction price rose to $728 above MSRP for new car purchases.


Tesla factoryTesla is looking to expand production in the U.S. beyond the confines of its Fremont factory. Photo courtesy of Tesla Motors

Cadillac buyers saw the largest markups, to the tune of $4,048 on average in January. Land Rover and Kia weren't much better, with average markups of $2,565 and $2,289, respectively. On the other end of the spectrum, Alfa Romeo buyers got discounts that averaged $3,421, while people who bought Volvo or Lincoln vehicles got smaller discounts of $869 and $510, respectively.

Some automakers have taken a stand against dealer markups and the general lack of transparency seen in pricing across the board. Ford and General Motors have been vocal in recent months, threatening to withhold inventory from dealers found to be slapping markups on new vehicles. As Edmunds notes, both automakers have important vehicle launches on the horizon that neither can afford to flub, and inconsistent pricing or markups is a good way to alienate new customers out of the gate.


Cadillac EscaladeCadillac buyers paid the largest markups of any brand. Photo courtesy of Cadillac

If you're thinking of shopping for a new car, the best way to avoid paying a markup is to wait. The pandemic and ongoing supply chain issues have thrown kinks into every automaker's operations that will take time to iron out. That said, it's clear that some brands are committed to having no funny business when it comes to dealerships' pricing and communication. It's possible to get a vehicle at MSRP, or even below in some cases, so if you're in a position that requires you to buy a new car, shop around to get the best deal.

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