Used EV expert addresses common question after putting Tesla with 225,000 miles to the test: 'Most people don't realize this'
Used EV specialist Richard Symons, of the UK-based car dealership R Symons (@RSEV), tested two Tesla Model 3s, InsideEVs reported. One had 225,000 miles on its odometer, while the other had 18,000 miles.
The car with fewer miles logged an efficiency of 4.55 miles per kilowatt-hour. Meanwhile, the 225,000-mile Model 3 still achieved 4.51 miles per kilowatt-hour, representing a less than 1% difference.
The results provide a sharp contrast to the efficiency of gas-powered cars, as InsideEVs pointed out, "Because while most people don't realize this, internal-combustion engines get less efficient as time goes on."
The test results offer another reason to consider going electric, especially buying used. The Model 3 was the top used EV in May, with prices down 1.6%, according to Cox Automotive's latest EV Market Monitor.
At the same time, demand for new vehicles has slumped, with Tesla experiencing lower sales in the first quarter of 2025, while demand for used EVs has surged. As Cox Automotive detailed, the market's growth is driven by customer confidence and affordability.
Choosing used EVs is becoming a smart option. It saves consumers money, reduces heat-trapping pollution created during manufacturing by minimizing the need for new production, and keeps older cars out of recycling centers.
For those looking to sell their EVs, Recurrent makes it easy to show buyers that the battery is in excellent condition. This free tool can help sellers earn about $1,400 more by sharing data that builds trust.
Alternatively, for those who already own or plan to purchase an EV, solar power can help lower charging costs and make EV ownership even more affordable. EnergySage lets consumers compare quotes from local installers and can help you save up to $10,000.
R Symons' road test drew mixed reactions.
Do you think a majority of Americans will have EVs in 20 years?
Absolutely
Only in some states
No way
I'm not sure
Click your choice to see results and speak your mind.
One YouTube commenter wasn't sold, saying: "I'd love to see some sort of range test on older 5/8/10-year-old Tesla with average/high miles vs how they stacked up new. Showcasing whether age plays a major impact on battery degradation."
For another user, however, the test confirmed they could count on their Tesla for the long haul: "My M3 LR is [the] ~ same age (Dec 21) but with 200,000 less miles so I'm pretty sure I'll be driving happily well into the future."
Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Up 68% but still yielding 7.1%, I've been loading up on Aberdeen shares
After hitting an all-time low back in April, Aberdeen (LSE: ABDN) shares have been on a tear. The mammoth dividend yield of 11.6% may have gone, but there aren't many large, well-known stocks out there that continue to offer market-beating returns. Improving numbers The asset manager is due to report H1 results next week. Should the positive momentum seen in Q1 continue, then we could be on the cusp of a major recovery in its share price. Last quarter, its direct-to-consumer offering, interactive investor (ii) continued its strong growth momentum. Total customer numbers were up to 450,000. This included 88,000 high-value SIPP accounts. ii has been very successful in tapping into a growing trend – the increasing importance of private investors to markets. With the spread of online investment forums, YouTube, and the like, individual investors have more power to move markets than at any time in history. Last quarter, during the tariff-induced selloff, ii saw record levels of engagement with an average of 24,000 trades per day on the platform. In the first half of April, it saw four of its highest trading days ever, as private investors swooped to buy stocks on the cheap. Fund outflows For all the success of ii, the reality is that a sustained recovery in Aberdeen's share price will only occur if it can get a grip on falling assets under management. Over the last few years, its Adviser business has simply haemorrhaged funds. The business is working hard to regain the trust of independent financial advisers, who recommend funds for their clients to buy. In Q1, Adviser saw outflows of £600m. This was its 'best' performance over the past six quarters. A couple of years back, outflows were in the billions. By 2026, it's aiming for greater than 70% of its total funds to beat a benchmark index. I certainly expect it to achieve that with its bond funds, which regularly hit over 90%. But I'm less confident that equity-only funds will achieve that milestone. It's not just Aberdeen equity funds that struggle to beat a benchmark; this is an industry-wide problem. Over the last few years, unless a fund manager was invested in the Magnificent 7 stocks, it had zero chance of beating the S&P 500, the most tracked index. Structural trends If it can get its Adviser business back to profitability, then the opportunity is massive. Despite recent blunders, like the ill-fated 'abrdn' fiasco, I still view the asset manager as one of the most respected in the industry. The UK wealth industry is growing. Over the next 25 years, over £5.5trn of wealth will be passed on by the baby boomers. In the more immediate future, over the next three years, the number of people retiring annually is estimated to be about 750,000. Now more than ever people are beginning to wake up to the fact that the State Pension will no longer fund the kind of retirement they want. With deep expertise in long-term financial planning, Aberdeen looks well placed to provide innovative retirement solutions. Over the last few months, I have been loading up on the stock at every available opportunity. I think my future self will thank me. The post Up 68% but still yielding 7.1%, I've been loading up on Aberdeen shares appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Andrew Mackie owns shares in Aberdeen. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Yahoo
3 minutes ago
- Yahoo
If EPS Growth Is Important To You, Concurrent Technologies (LON:CNC) Presents An Opportunity
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Concurrent Technologies (LON:CNC). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Concurrent Technologies with the means to add long-term value to shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Concurrent Technologies' Earnings Per Share Are Growing If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That makes EPS growth an attractive quality for any company. We can see that in the last three years Concurrent Technologies grew its EPS by 12% per year. That's a pretty good rate, if the company can sustain it. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. EBIT margins for Concurrent Technologies remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 27% to UK£40m. That's a real positive. The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart. Check out our latest analysis for Concurrent Technologies The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Concurrent Technologies' future EPS 100% free. Are Concurrent Technologies Insiders Aligned With All Shareholders? It's a necessity that company leaders act in the best interest of shareholders and so insider investment always comes as a reassurance to the market. So it is good to see that Concurrent Technologies insiders have a significant amount of capital invested in the stock. Indeed, they hold UK£14m worth of its stock. This considerable investment should help drive long-term value in the business. As a percentage, this totals to 9.3% of the shares on issue for the business, an appreciable amount considering the market cap. Does Concurrent Technologies Deserve A Spot On Your Watchlist? One positive for Concurrent Technologies is that it is growing EPS. That's nice to see. If that's not enough on its own, there is also the rather notable levels of insider ownership. That combination is very appealing. So yes, we do think the stock is worth keeping an eye on. If you think Concurrent Technologies might suit your style as an investor, you could go straight to its annual report, or you could first check our discounted cash flow (DCF) valuation for the company. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of British companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
3 minutes ago
- Yahoo
Here are the latest dividend yield forecasts for Legal & General, Aviva, and M&G shares
Financial stocks like Legal & General (LSE: LGEN), Aviva (LSE: AV.) and M&G (LSE: MNG) have been great sources of income in recent years. At times, they've been offering dividend yields of up to 10%. Interested to know how much income could be on offer from these stocks in the years ahead? Let's take a look at the latest dividend forecasts for these three FTSE 100 shares. Legal & General Starting with Legal & General, it's forecast to pay out 21.7p per share in dividends for 2025 and 22.2p per share for 2026. At today's share price of 256p, that puts the forecast yields at 8.5% and 8.7%. Now, they're obviously attractive yields and more than double what most high-interest savings accounts are paying these days. However, there's no such thing as a free lunch in the investing world. So what are the risks here? Well, one is turbulence in the financial markets. This could affect the value of assets the insurer has on its balance sheet and lead to operating losses (and potentially share price losses). Another is less demand for pension risk transfer solutions. It's worth noting that analysts at RBC just downgraded the stock to Underperform from Sector Perform and cut their price target to 220p on the back of concerns here. Personally, I think the stock's worth considering for income today. However, investors do need to acknowledge that there are some risks here and that share price weakness could offset any income received. Aviva Turning to Aviva, it's forecast to pay out 38.1p per share for 2025 and 40.8p per share for 2026. At today's share price of 636p, we have prospective yields of 6% and 6.4%. These yields aren't as high as Legal & General's, but they're still attractive. The average forward-looking yield across the FTSE 100 right now is about 3.2%. So Aviva's offering nearly double that. The risks here are quite similar to Legal & General's. In relation to pension risk transfer, the company actually advised recently that volumes this year are likely to be lower than in 2024. One other thing worth highlighting here is that the stock's had a very strong run in 2025. Year to date, it's up about 35%. I think it's still worth considering as an income play. But bear in mind that after that kind of run, it could be subject to some profit taking. M&G Finally, zooming in on M&G, analysts expect payouts of 20.6p and 21.1p per share here. Given that the share price is sitting at 259p, we have yields of 8% and 8.2%. I see this stock as a bit of an undiscovered income gem. It's not nearly as popular as stocks like Legal & General and Aviva, but its yield's excellent. It also has a good track in terms of dividend growth. Since it was spun off from Prudential in 2019, it's increased its dividend every year. Again, turbulence in the financial markets is a risk factor here. It's worth noting that this stock can be quite volatile at times. Yet I see quite a bit of appeal. In my view, it's worth considering for income. The post Here are the latest dividend yield forecasts for Legal & General, Aviva, and M&G shares appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Edward Sheldon has positions in Prudential and London Stock Exchange Group. The Motley Fool UK has recommended Prudential and M&g Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
