this post was submitted on 14 Mar 2025
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Used Tesla prices tumble as embarrassed owners look to sell (arstechnica.com)
submitted 3 days ago by juergen@feddit.org to c/technology@lemmy.world
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[–] k0e3@lemmy.ca 3 points 1 day ago (1 children)

I'm not sure how it even managed to get so big when the EV1 was so beloved but supposedly killed by the automotive industry.

[–] caffinatedone@lemmy.world 1 points 1 day ago

The EV1 was too far ahead of its time. The tech wasn’t there and to even accomplish what they did cost far more than they could hope to sell it for. An estimate that each EV1 cost GM around $100k to make in the early 90’s (so around $200k in today’s dollars).

Battery tech has progressed massively since then and makes all of this possible now (even if it’s still expensive).