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Elon Musk unveils self-driving ‘Cybercab,’ Tesla stock drops 6% afterwards (globalnews.ca)

submitted 7 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 6 hours ago (2 children)

With the relatively low price tag, Musk said autonomous vehicles could be thought of as “individualized mass transit,” with a fuel cost of 20 U.S. cents a mile (12 U.S. cents a kilometre) over time.

I thought electric vehicles were supposed to be cheaper than that per mile. At the current cost of gasoline, my fuel cost per mile ranges from 9¢ per mile of highway driving to 13¢ per mile of city driving, not counting oil changes or other ICE maintenance, which are probably more than offset by my tires lasting longer than an EV's. And that's on premium gasoline, not regular.

[–] [email protected] 9 points 6 hours ago

If this was about something real, that number would be about total cost, and depreciation and maintenance are the overwhelming majority of the costs of a car.

But on this case, this was about vapor costs, and boiling water uses a lot of energy.

[–] [email protected] 2 points 5 hours ago

You can double you fuel costs to get the total cost if we can ignore the value loss of your vehicle.