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During a recent family trip to Southern California, Mercedes lent us two of their flagship electric vehicles. We picked up an EQS SUV at the airport, drove it around Los Angeles and to Big Bear Mountain and back, stress testing that huge battery against elevation and high speeds. Then, to switch it up, I drove the slightly less family-friendly but more fun EQE to destinations around LA for the second half of the week. Yes, $130K cars are so much more decadent than the Hertz vehicles we’d planned for, but here are my big takeaways.

Picking up the EQS SUV from LAX, it is a relatively unassuming car (especially compared to the Red AMG EQE we’ll discuss later) that most people won’t recognize as a six-figure flagship EV. The gorgeous front plastic grille tips the hand a little bit, but otherwise, this is a very unassuming vehicle on the outside other than the Mercedes logos.

Just like the EQS Sedan I reviewed last year, the inside was gorgeous and luxurious, though it lacked the passenger dash third screen. It also lacked the Galaxy tab in the back but had most of the other accouterments, including those light massaging front seats, which would be key after a day of snowboarding. I’ll stick by my previous statements on the interior, though the SUV naturally even has more headroom:

If the inside of the EQS is anything, it is roomy. The sheer enormity of the interior is hard to put into words. Add to that the ginormous “Hyperscreen” which his really 3 screens under the same glass that spans the width of the front of the vehicle…a control screen between the 2 front seats allows those in the rear to individually control their temperature settings.

What’s ironic is you don’t even have to look at the three big screens while driving because Mercedes includes one of the best heads up displays in the business. In fact, this is the first car that I preferred the built in mapping software to CarPlay/Google Maps and that’s because of the heads up integration – also it does look amazing on that huge center display.

The kids (11, 14) loved the ability to wireless charge in the armrest and adjust the back seat temperature, something they don’t get in the Chevy Bolt and Tesla Model Y they are used to at home. There’s also a ton more room in the back which almost kept them from fighting.

Probably the biggest difference is the boot, which now goes from a big EQS sedan to an even bigger SUV. That was key when it came to carrying our snowboards and equipment up the mountain.

Although we were four people on this trip, there was a third row, which I found roomy and housed our youngest during a particularly contentious part of the trip.

I climbed in the third row, and at 6 feet, 220 pounds, I felt like claustrophobia would take about 30 minutes to kick in. Even with the third row, there is plenty of room in the back for a row of groceries and even a false floor to store charging apparatus or other items.

No frunk, no hood access

The ample rear space is key here because not only does Mercedes not have a frunk, but they also don’t even allow access to the front hood area. I was curious to see where one would add the wiper fluid – it turns out there is a door on the driver’s side that you can use to do that.

It’s a bold strategy, Cotton. Let’s see if it pays off for them.

The Mercedes EQS SUV drive

Any wonderment about why someone would pay $130K for an SUV is immediately answered once you hit the road. The air suspension makes my sub-$50,000 vehicles at home feel like panel trucks. The cabin is whisper quiet even at 80mph, the turning is relatively tight, and the sub-6 second 0-60 acceleration is strong. Mercedes adds an acceleration soundtrack option which I felt compelled to try and found “not distracting.”

Mercedes, as is often the case, has a ton of varieties of the EQS SUV, and I had a middle-ish trim called 450 4MATIC. In this trim, the EPA mileage is 285 miles from the 108.4kWh battery. It was only tested on our 2.5-hour, 120-mile trip up the mountain to Big Bear. Around town, I’d seen mileage pretty closely pinned to the EPA range, but going 80mph up to 8000 feet? Let’s just say we stopped at a ChargePoint 50kW station (that put out <33kW) at dinner before our trip back.

Chargepoint Mercedes EQS

It turns out that after regenerating most of the way down the mountain, we probably would have made the 240-mile round trip without the need for a charge, but I found myself playing it a lot safer without a garage charger waiting for me at home.

Easy street parking charging

This isn’t Mercedes-specific, but I found that it was really easy to keep these cars topped up with all of the options around town. Our Santa Monica Airbnb had street parking without access to power, but ChargePoint seemed to be everywhere, including about 20 level 2 stations at the beach where my kids surfed and a neighborhood station we topped up at over dinner a few times. Redondo Beach’s library, a few blocks from the beach/pier, also had some level 2 options that were easy and helpful. There was never any range anxiety, and I don’t even know if we lost any time because charging stations were so close to our venues and easy. I realize that Los Angeles is anything but a charging infrastructure desert, but this was the first time I’d gone 10 days without a garage charger, and it was too easy.

Switch to the AMG EQE

About midway through the week, Mercedes swapped out our EQS SUV with the AMG EQE sedan. (Yes, rough life, I know.) My wife and I had opposite reactions to the swap. Hers was, “This is worse in every way. It is smaller, [has] fewer seats, less room, has less range, it’s red, and has sports suspension.” As I’ve grown older, I’ve learned to just nod my head and sigh and save my adulation for the written word here.

At nearly the same price as the EQS SUV, the AMG variant of the EQE is gorgeous, and the “Patagonia Red metallic” color? A show stopper. We had zero people asking about the EQS SUV, whereas the AMG EQE had people visiting us at almost every stop to look and ask questions. Standout design additions are the small spoiler in the back, the pinstripe grille, fake air intakes in the front, and dope 21-inch AMG multispoke turbine wheels. I think a chrome-less version would be off the charts.

While smaller, there is still plenty of room for a family of four, and the trunk, it turns out, was surprisingly adequate at holding our three suitcases, bags, skateboards, and other souvenirs.

Inside, it is just as wild with a racing-inspired steering wheel with paddles with different racing options. When you turn the car on, it sounds like you are about to watch a THX movie and the permanent RGB light colors go from door to door.

This is a family vacation, so I didn’t get to test the 3.2 second 0-60 time, but my kids did get used to the “heads back” command before every green light. The fake motor sound here is louder and more noticeable… and fitting. Otherwise, even with the sports wheels and suspension, it is quiet and drives fantastically.

Those big shoes and 617 horsepower/701 lb-ft torque carry a huge range penalty dropping the range on the AMG EQE’s 90.6 kWH battery down from 305 miles of range in the standard edition down close to 225 miles (EPA not yet available) in the AMG variant according to the dashboard. I realize that might be a deal-breaker for some, but to Mercedes’ credit, their range is conservative.

Electrek’s Take

I wasn’t able to put these EVs through the performance paces and get into the intricate details like I would do on a normal review, but having the family along for the week presented its own nuanced tests. I’d argue that these were more telling for most than the normal speeds and feeds. And unsurprisingly, these two Mercedes vehicles passed with flying colors.

The big caveat is the price. Third-row eSUVs can be found at half the price (heck, Mercedes own EQB starts at $55K), and the slightly slower Tesla’s Model 3P and BMW’s i4 M50 are priced much lower and offer significantly more range than the AMG EQE.

That said, if you’ve got six figures to burn and want the best drives and overall vehicles possible, both of these electric vehicles worked incredibly well with my family of four. I now just have to talk my wife out of trading our Model Y for the EQS SUV.

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Here’s what TSLA analysts are saying about Tesla’s big delivery miss

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Here's what TSLA analysts are saying about Tesla's big delivery miss

Most Wall Street analysts covering Tesla’s stock (TSLA) badly misread the automaker’s delivery volumes this quarter. Some of them have started releasing notes to clients following Tesla’s production and delivery results.

Here’s what they have to say:

According to Tesla-compiled analyst consensus, the automaker was expected to report “377,592 deliveries” in the first quarter.

Tesla confirmed yesterday that it delivered only 336,000 electric vehicles during the first three months of 2025.

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  • Cantor Fitzgerald was the first analyst firm to issue a note after the release. They reaffirmed their overweight rating with a $425 price target. As we previously reported, Cantor has some major conflicts of interest with Tesla and CEO Elon Musk.
  • Truist Securities maintained its hold rating on Tesla’s stock, but it greatly lowered its price target from $373 to $280 a share. They insist that while their earnings expectations have crashed because they overestimated deliveries, investors should focus on Tesla’s self-driving effort, which they see as “much more important for the long-term value of the stock.”
  • Goldman Sachs lowered its price target from $320 to $275 a share. The firm expected 375,000 deliveries from Tesla in Q1 and therefore had to adjust its earnings expectations with almost 40,000 fewer deliveries.
  • Wedbush‘s Dan Ives, one of Tesla’s biggest cheerleaders, called the delivery results “disastrous”, but he reiterated his $550 price target on Tesla’s stock.
  • UBS has reiterated its $225 price target which it had lowered last month after adjusting its delivery expectations in Q1 to 367,000 – one of the more accurate predictions on Wall Street.
  • CFRA‘s analyst Garrett Nelson reduced his price target from $385 to $360 a share.

Electrek’s Take

I find it funny that most of them are maintaining or barely changing their expectations after they were so wrong about Tesla in Q1.

If you were so wrong in Q1, you should expect to be incorrect also for the rest of the year, and readjust accordingly.

But Cantor is invested in Tesla, and the firm is owned by Elon’s friend, who happens to now be the secretary of commerce. Truist still believes Elon’s self-driving lies, Goldman Sachs overestimated Tesla’s deliveries by the equivalent of $2 billion in revenues, and Dan Ives is Dan Ives.

Covering Tesla over the last 15 years has confirmed to me that most Wall Street analysts have no idea what they are doing – or at least not when it comes to companies like Tesla.

Do you know any who have been consistently good lately? I’d love suggestions in the comment section below.

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Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending

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Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending

The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit.

Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments company PayPal fell 8%. American Express and Capital One each tumbled 10%, and Discover was down more than 8%.

President Trump on Wednesday laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Trump said his plan will set a 10% baseline tariff across the board, but that number is much higher for some countries.

The announcement sent stocks reeling, wiping out nearly $2 trillion in value from the S&P 500, and pushing the tech-heavy Nasdaq down 6%, its worst day since the start of the Covid-19 pandemic in 2020.

The sell-off was especially notable for companies most exposed to consumer spending and global supply chains, including payment providers and lenders. Fintech companies that rely on transaction volume or installment-based lending could see both revenue and credit performance deteriorate.

“When you go down the spectrum, that’s when you have more cyclical risk, more exposure to tariffs,” said Sanjay Sakhrani, an analyst at Keefe, Bruyette & Woods, citing PayPal and Affirm as businesses at risk. He said bigger companies in the space “are more defensive” and better positioned.

Visa, Mastercard and Fiserv held up better on Thursday.

Dan Dolev, an analyst at Mizuho, said bank processors such as Fiserv are less exposed to tariff volatility.

“It’s considered a safe haven,” he said.

Affirm executives have previously said rising prices might increase demand for their products. Chief Financial Officer Rob O’Hare said higher prices could push more consumers toward buy now, pay later services.

“If tariffs result in higher prices for consumers, we’re there to help,” O’Hare said at a Stocktwits fireside chat last month. Affirm CEO Max Levchin has offered similar comments.

However, James Friedman, an analyst at SIG, told CNBC that delinquencies become a concern. He compared Affirm to private-label store cards, and pointed to historical trends in credit performance during downturns, noting that “private label delinquency rates run roughly double” in a recession when compared to traditional credit cards.

“You have to look at who’s overexposed to discretionary,” he said.

Affirm did not provide a comment but pointed to recent remarks from its executives.

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Mazda’s $20,000 Chinese EV is about to launch overseas and a new SUV is up next

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Mazda's ,000 Chinese EV is about to launch overseas and a new SUV is up next

Wait, Mazda sells a real EV? It’s only in China for now, but that will change very soon. The first Mazda 6e built for overseas markets rolled off the assembly line Thursday. Mazda’s new EV will arrive in Europe, Southeast Asia, and other overseas markets later this year. This could be the start of something with a new SUV due out next.

Mazda’s new EV rolls off assembly for overseas markets

The Mazda EZ-6 has been on sale in China since October with prices starting as low as 139,800 yuan, or slightly under $20,000.

Earlier this year, Mazda introduced the 6e, the global version of its electric car sold in China. The stylish electric sedan is made by Changan Mazda, Mazda’s joint venture in China.

After the first Mazda 6e model rolled off the production line at the company’s Nanjing Plant, Mazda said it’s ready to “conquer the new era of electrification with China Smart Manufacturing.”

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The new global “6e” model will be built at Changan Mazda’s plant and exported to overseas markets including Europe, Thailand, and other parts of Southeast Asia.

Mazda calls it “both a Chinese car and a global car,” with Changan’s advanced EV tech and Mazda’s signature design.

Mazda-first-EV-overseas
Mazda 6e electric sedan during European debut (Source: Changan Mazda)

Built on Changan’s hybrid platform, the EZ-6 is offered in China with both electric (EV) and extended-range (EREV) powertrains. The EV version has a CLTC driving range of up to 600 km (372 miles) and can fast charge (30% to 80%) in about 15 minutes.

Mazda’s new EV will be available with two battery options in Europe: 68.8 kWh or 80 kWh. The larger (80 kWh) battery gets up to 552 km (343 miles) WLTP range, while the 68.8 kWh version is rated with up to 479 km (300 miles) range on the WLTP rating scale.

At 4,921 mm long, 1,890 mm wide, and 1,491 mm tall, the Mazda 6e is about the size of a Tesla Model 3 (4,720 mm long, 1,922 mm wide, and 1,441 mm tall).

Mazda said the successful rollout of the 6e kicks off “the official launch of Changan Mazda’s new energy vehicle export center” for global markets.

The company will launch a new SUV next year and plans to introduce a third and fourth new energy vehicle (NEV).

Although prices will be announced closer to launch, Mazda’s global EV will not arrive with the same $20,000 price tag in Europe as it will face tariffs as an export from China. Mazda is expected to launch the 6e later this year in Europe and Southeast Asia. Check back soon for more info.

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