https://www.theautopian.com/used-tesla-prices-are-falling-like-a-stone-right-now/
Hopefully this trend continues...
JD
Hopefully this trend continues...
JD
Price of used Tesla's falling like a stone ...
- Thread starter JimDandy
- Start date
-Offer and demand as they state
Or
-People coming to realize that mining lithium, cobalt and other by products are so damaging for the environment
-Battery life expectancy vs cost
-How environmentaly friendly the Energy source to create the power required to charge the vehicle in your usage area
My personal view is that Hydrogen still look more promising for the future.
Or
-People coming to realize that mining lithium, cobalt and other by products are so damaging for the environment
-Battery life expectancy vs cost
-How environmentaly friendly the Energy source to create the power required to charge the vehicle in your usage area
My personal view is that Hydrogen still look more promising for the future.
I think there is also the Tesla to Elon connection that right now is looking like Tesla is effectively run by a wing nut.
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If people are dumping Teslas because of who owns the company, they'd better start dumping every car ever made.
Electric cars of all makes will never be the answer climate activists claim.
There is no answer to the climate crisis.
We're fucked.
The Overshoot point was surpassed years ago.
All we can do now is adjust the speed of our fall.
That the Tesla share price falling is no great surprise. It has been overvalued for a very long time and there is no way it could take over the entire vehicle market which had been implied by its price. This is especially true given the poor quality of the Teslas being produced. But watch the analysts decrease the targets while still calling it a buy. In the meantime, they will be dumping their own shares. Akin to the great Bitcoin ponzi scheme - another exercise in faith. Interesting that Elon is not only involved in Tesla but also the champion of Bitcoin.
Agreed that lithium mining is damaging to the environment. Where I work, we see it as 'transition' technology. Sodium batteries, hydrogen augmentation to diesel, hydrogen combustion and even hydrogen fuel cells all have the future. Lithium not so much. When the price of a commodity gets high enough, people devise replacements.
As for the environment, are we screwed. Well, life will be different and we will lose species, etc. But we will be able to adjust, at least those of us who neither live in Bangladesh or Florida.
But I am going to be positive about the future in general, although I would say that I can't be positive about Tesla stock!
Agreed that lithium mining is damaging to the environment. Where I work, we see it as 'transition' technology. Sodium batteries, hydrogen augmentation to diesel, hydrogen combustion and even hydrogen fuel cells all have the future. Lithium not so much. When the price of a commodity gets high enough, people devise replacements.
As for the environment, are we screwed. Well, life will be different and we will lose species, etc. But we will be able to adjust, at least those of us who neither live in Bangladesh or Florida.
But I am going to be positive about the future in general, although I would say that I can't be positive about Tesla stock!
Some shareholders have criticised Ellen for abandoning Tesla.
Long term Tesla will face very stiff opposition from established players. Ford, Toyota, GM all have infinitely better dealer support. Even Rolls Royce has an all electric car now.
They are in big trouble. Tech bros are losing jobs left and right. They were the main buyers of these status symbols. God they were expensive. You could buy a new GTI and a Prius for less than a mid range Telsa.
As with any lithium battery powered vehicle the batteries have a limited life and when they get near the end of their life they will need to be replaced at a cost of tens of thousands of dollars. Thus poor resale value, average life depending on various factors and driving/charging habits-10 years. Probably make more money from just selling them for scrap
The "car scalper" 's invesment goes under - no tears will be shed by most normal people. Buy a car to drive it, not to flip it.
If they are dumping Tesla's because Musk is so unfashionable, then they probably bought it for poor reasons to begin with. "As an investment", or as a fashion statement.
Mind you, people own lots of vehicles for stupid reasons, and trying to project an image.
If people are downing Tesla stock because Musk is proving more and more of a head-case, maybe that lack of confidence is logical.
But he's long been one of these guys who has like 20 flashy projects going at once, and he thinks they are all awesome.
Remember, Musk did not design the Tesla cars - he is an investor & promoter. They do not actually need him to design & build cars - so if he's gone goofy, maybe it will go better for Tesla if Musk is distracted playing with Twitter? He sold his Tesla stock to pay for owning Twitter, so if his Twitter shenanigans sink his own personal fortune, it shouldn't harm Tesla, if people are being logical. Are Tesla investors investing in it, or in him?
Watch some sharp guy like Buffet swoop in any buy a controlling interest.
I'd say all this is false to use this as some confirmation of anti-EV bias. The EV field will grow because it needs to. Tesla's are a popular brand, but not the only one. The real push will come on other fronts, once every manufacturer has a whole range of EV's for different purposes.
And one other thing: Listening to climate denialists / fossil fuel activists bitch about mining lithium is fucking hilarious.
ALL mining is harmful to the environment. You can reduce the amount of damage done, but there will always be some damage that can't be mitigated.
There has never been a "clean" coal mine, iron mine, copper mine, uranium mine, whateverthfuckium mine either. The Alberta oilsands projects are basically open pit petroleum mines. The damage done up there by those projects is enormous, not even including the huge carbon emissions.
You won't see any of these "energy industry war room" talking points actually addressing the environmental dirtiness of mining in general. So why the sudden burst of "concern" articles about lithium & coltan mining? This line of attack is really just about them using any excuse for nay-saying any part of the technological shift away from carbon fuels. Easy to debunk it, but they push these talking points using enormous amounts of PR dollars, so it gets more airtime than it ever deserves.
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This is true. I bought my 2014 Prius-C for $28K and drove it for 8 years without a single issue, and it averaged around 4L/100km in the city.
I think the Tesla sedan I checked out (forget which model) was in the $100K range. Apples and oranges comparison because it was a much "higher end" car... but nearly 4x the cost?
Did Elon Musk buy Southwest Airlines too?
Apparently, Southwest Airlines still uses a Windows 98 system, or something from that era, for its booking / operations system.
The price is falling because supply has been slowly catching up with demand, it has little to do with Elon and the stock price.
Used Tesla prices have been near (or more than) MSRP because the wait times were like 6 months+, which then shortened to a couple months and now weeks. The US also has a $7500 credit, so used prices are going down in proportion.
The cars are a little expensive now cause they've been increasing prices like crazy to match demand (as they should: if you have a waitlist, you should increase prices till that waitlist is gone, and then decrease as needed). But the reason the roads are filled with white Model 3's is because 2 years ago you could've gotten one for under $50k after rebates. The cars come fully loaded, so they were great value compared with the 3 series, A4, C class, etc. Nowadays the competition such as Hyundai and Kia are offering awesome cars for a cheaper price, if you can get on the waitlist.
But agreed the stock is still overpriced
Used Tesla prices have been near (or more than) MSRP because the wait times were like 6 months+, which then shortened to a couple months and now weeks. The US also has a $7500 credit, so used prices are going down in proportion.
The cars are a little expensive now cause they've been increasing prices like crazy to match demand (as they should: if you have a waitlist, you should increase prices till that waitlist is gone, and then decrease as needed). But the reason the roads are filled with white Model 3's is because 2 years ago you could've gotten one for under $50k after rebates. The cars come fully loaded, so they were great value compared with the 3 series, A4, C class, etc. Nowadays the competition such as Hyundai and Kia are offering awesome cars for a cheaper price, if you can get on the waitlist.
But agreed the stock is still overpriced
It's over priced because the market put a value in them as if they were 10, 20 years ahead of its time. Reminds me of shares back during the dot com bubble. Irrational exuberance.
Lots of unhappy Tesla owners becoming quite vocal has made potential buyers take note.
Not honouring Warranty issues even with the extended warranty in place.There is a TikTok’er who was very vocal with daily videos pointing out the problems that he had with the Model S’s defective battery compartment. Condensation dripping onto the battery compartment making the range 1/3 of its specs.
Tesla’s solution was to lock him out of the car he owned so he couldn’t post more videos about his car. They wanted $27K to replace the batteries even though he had paid for extended warranty. Seriously WTF.
The fit and finish of delivered cars is laughable. Panels not fitting properly, squeaks and rattles without any resolution from the dealers.
Roll out of the North American wide super charge stations is a fraction of forecasts.
Given the products coming from South Korea and big makers like Ford have grabbed a larger market share. Doubtful Tesla can turn the tide against their products now. Maybe Elon will lose interest in his Twitter play toy and get back in control of manufacturing of new Cars?
My money is on the hydro fuel cell technology. Not damaging to the environment and has of lots of range too. Toyota is rolling out new models this year. If the world’s largest car manufacturer puts effort into a new technology others will follow suit too.
Not honouring Warranty issues even with the extended warranty in place.There is a TikTok’er who was very vocal with daily videos pointing out the problems that he had with the Model S’s defective battery compartment. Condensation dripping onto the battery compartment making the range 1/3 of its specs.
Tesla’s solution was to lock him out of the car he owned so he couldn’t post more videos about his car. They wanted $27K to replace the batteries even though he had paid for extended warranty. Seriously WTF.
The fit and finish of delivered cars is laughable. Panels not fitting properly, squeaks and rattles without any resolution from the dealers.
Roll out of the North American wide super charge stations is a fraction of forecasts.
Given the products coming from South Korea and big makers like Ford have grabbed a larger market share. Doubtful Tesla can turn the tide against their products now. Maybe Elon will lose interest in his Twitter play toy and get back in control of manufacturing of new Cars?
My money is on the hydro fuel cell technology. Not damaging to the environment and has of lots of range too. Toyota is rolling out new models this year. If the world’s largest car manufacturer puts effort into a new technology others will follow suit too.
