It's tough to keep track of what kind of electric powertrain Fox Business host Neil Cavuto might possibly like. For years – literally years – he railed against the Chevrolet Volt. A twist came last year when he all of a sudden liked the 2014 Infiniti LE concept electric vehicle because it has wireless charging. Now, he's off the wireless kick and, during a recent segment about the steady increase in Tesla Motors stock, he said he wasn't impressed with the 200+ mile range from the Model S, but he would like the EV if – wait for it – it had a fossil fuel generator in it. Interesting, because that's exactly the style of powertrain in the Chevy Volt.

tesla stock fox news tslaThe main point in posting the video, though, is to get some contrasting views on TSLA. The argument is, basically, that too much of Tesla's profits come from selling ZEV credits (which Tesla has talked about and isn't afraid of) and that the Model S is not a car that will sell many copies. To make the point, Fox throws up a graphic during the segment that shows the prices of fives EVs. The Models S ($110,000), the Chevy Volt ($35,000), the Chevy Spark EV ($26,685), the Nissan Leaf ($28,800) Ford Focus EV ($35,200). Note that in all cases, Fox chose to use the actual base MSRPs (or close to it), except for the Model S, which actually starts at $69,900. None of these MSRPs include destination fees or federal tax incentives, so most people can lop around $6,500 of each of them.

Panelist Lauren Fix clears up the fact that not everyone is able to take advantage of the $7,500 tax credit. The other analyst on the panel, Dennis Kneale, said the stock is overvalued in part because, "people love Elon Musk, who sounds like a cologne." Watch for yourself below.

*This post has been updated to correct that the video comes from Fox Business, not Fox News. Thanks to Spec for pointing this out in the comments.



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    • 1 Second Ago
  • 120 Comments
      delsolo1
      • 1 Year Ago
      Fox News and Fox Business delivers more belly laughs than the Comedy Channel.
        Michael
        • 2 Days Ago
        @delsolo1
        And they make Comedy Central and therefore it's owners a lot of money as the Daily Show and the Colbert Report frequently use FOX's lack of journalistic integrity as the butt of their jokes. As Mastercard says, "Priceless".
      Rick
      • 1 Year Ago
      I don't watch Fox News because I agree that they make their ratings by riling up old people. But you have to admit that, for whatever reason, Tesla stock is far overvalued. And Elon Musk is at least partially the reason for that.
        Spec
        • 1 Year Ago
        @Rick
        TSLA is definitely very richly valued. But hey, the market can be irrational. I suspect some people have bought the stock just to be part of a revolution. Elon Musk as admitted that the market has been very generous to the stock.
      ssdajoker
      • 1 Year Ago
      Jealous ones envy.
      BipDBo
      • 1 Year Ago
      All of the other EVs are pretty close to one set price. The S has a very wide price range, mainly due to different battery size options. The S ranges from $71k to $129k, but Fox displayed $110k, which is likely pretty close to what most people pay. Most of these cars have been sold with the biggest pack. Yes, they gave the base price for the Volt, but that's probably pretty close to what most people buy it for. This "silly numbers" claim is silly. I also find it extremely ironic every time Autoblog Green, a division of Huffington post, decides to lecture any media outlet, even Fox about bias reporting.
        Spec
        • 1 Year Ago
        @BipDBo
        Oh come on. The Leaf ranges from $28.8K to $38K or so. But they picked the lowest number for the Leaf . . . and the lowest number for the Spark, Volt and Ford Focus too. Why are all the other base prices and Tesla is a very high price (which I doubt is 'what most people pay')
        Weapon
        • 1 Year Ago
        @BipDBo
        You do realize the highest battery option from the current lowest only adds 10k to the price. So you can get a Model S for 80k with max range (73k after 7.5k tax credit) The average price of a Tesla Model S sold in Q1 was around 94k, in Q2 it was around 89k.
          raktmn
          • 2 Days Ago
          @Weapon
          The 94K and the 89K look like the numbers out of Tesla's quarterly SEC filings if I'm recalling correctly. Tesla's SEC numbers do not include any federal tax rebates, because Tesla is not a party to that transaction. Tesla has no way of knowing if any of their customers will receive part or all of the $7500 tax rebate. In fact, it would be impossible at this point in time for anyone to know what the average price for the Model S is after tax rebates, because nobody who bought any of the roughly 10K Model S cars in 2013 have filed their taxes yet. In order to calculate an after rebate number, we would have to wait until after everyone who bought one filed their FY2013 taxes by April 15th, 2014. Then violate all private income tax return laws, total up all the refund amounts that may vary from 1-7500 dollars, and divide by the number of cars sold.
          BipDBo
          • 2 Days Ago
          @Weapon
          "The average price of a Tesla Model S sold in Q1 was around 94k, in Q2 it was around 89k." I would have thought it was higher. Was that with or without rebates?
          Grendal
          • 2 Days Ago
          @Weapon
          Q2 is when Tesla gave the 800(?) 40 kWh battery people a 60 kWh pack. Those were certainly lower cost cars and would have skewed the number lower.
          Weapon
          • 2 Days Ago
          @Weapon
          @BipDBo, not sure if it includes the tax credits or not. It may have been higher in Q4 2012 because 60kwh models were not being produced and the early models shipped out were the signature models. Signatures cost more. This would have had a pretty high average of probably over 100k easily. But come 2013 they started shipping out the standard 85kwh and 60kwh which had cheaper prices. I plan on buying a Model S myself with the max range and everything and the cost I came to for my car would be 92,820 (85k after 7.5k). And I pretty much take all the features that matter such as pano roof, tech package, winter package, leather, parking sensors and etc. To get a Tesla Model S over 100k you have to get the performance package which is 10k which gives you 4.2 sec 0-60. And then the 6.5k performance plus which gives you better handling.
        A_Guy
        • 1 Year Ago
        @BipDBo
        I find it funny how you claim ABG is biased and then defend Fox for bloating the Model S price so they can make their point (whatever it was). Shouldn't Fox just be consistent with numbers?
          mylexicon
          • 2 Days Ago
          @A_Guy
          Do you know what the average transaction price is for a Model S?
          A_Guy
          • 2 Days Ago
          @A_Guy
          @mylexicon: Yes, and I'm sure the last time you went car shopping the "average transaction price" was your only metric of comparison (only applying it to one car in the group, of course).
        raktmn
        • 1 Year Ago
        @BipDBo
        Are you implying that ABG's content has changed since they were acquired by Huff Post? I've been around a long, long time here. Dating way back before the Huff Post tie-up. If anything, the content has become more conservative in character than before (IMHO).
      • 1 Year Ago
      fox news reports inaccurate information..... how is this news?
      • 1 Year Ago
      Wow...you are writing this as such a pumper... a shill... a dishonest person... really this is your way of trying to make money in the market hyping overvalued stocks that have no chance technically or fundamentally ...W O W... Hey but seriously... let me show you what is truly going to shatter your hopes and dreams... http://www.bmw.com/com/en/newvehicles/i/i8/2013/showroom/des... This is everyones desire coolest, same $ as T, 113 mpg THIS IS THE TESLA KILLER!
        gpmp
        • 2 Days Ago
        Makes me wonder if BMW would have attempted the i8 if Tesla hadn't begun to eat into their market share.
        raktmn
        • 2 Days Ago
        It may be a Tesla Roadster killer, since Tesla doesn't build it anymore. They would be similar in price and occupancy class. But saying the i8 is a Model S killer is like saying the Porsche 911 is a BMW 5 Series killer, because both of them have various options of gas propulsion.
      SprinterMatt
      • 1 Year Ago
      I thought FXX was their comedy channel.
      raktmn
      • 1 Year Ago
      FYI -- Just to mess with Fox's prices a bit more, at least one California dealership is offering great deals already on 2014 Volts over on the gm-volt.com forum in the sales/lease section. I'm not trying to shill for anyone posting over there, but prices look like they are close to around $30,000 dollars for a base Volt if you make the right deal -- even lower than the $35,000 listed. Not that Fox should be listing the best deal they can find instead of MSRP, but it cuts into another one of their memes. Do it right with getting good deals from the dealership, getting the federal $7500 tax credit, and state tax credits, and some folks in some states might even be under $20K after rebates...
      Car Guy
      • 1 Year Ago
      A left wing hit piece by Sebastian Blanco. Shocker.
        Grendal
        • 2 Days Ago
        @Car Guy
        The left wing pointing out a right wing hit piece is a better description.
      Anderlan
      • 1 Year Ago
      Can't stop laughing at some of this. Lightning round of spinning every Tesla feature in a bad light! First the girl slams supercharging, then the guy says, no, no, no, cars are going to natural gas soon! From stupid to stupider. Hilarious.
        CoolWaters
        • 2 Days Ago
        @Anderlan
        So Wall street BOUGHT Fox Bullshit to: 1) Lower TESLA Stock Price, a short play. 2) Try to save the DYING Natural Gas, bull, CNG car industry, which nobody want's as Hybrids are Cheaper to purchase, Safer and get better MPG on the Highway and in the City. That's how America Rolls: Senile Murdoch has no scruples, his motto is "Buy Me".
      eideard
      • 1 Year Ago
      Someone actually watches FBN? The ghost of Herbert Hoover and redneck day-traders.
      2 wheeled menace
      • 1 Year Ago
      A partisan media source spinning numbers to support their ideology? no...
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