ToddS
Member
Was it worth it to be married to your current spouse when your old flame turned out to be hotter in their old age,etc.etc.etc.
Wait! So you're saying she turned out to be hotter??!
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Was it worth it to be married to your current spouse when your old flame turned out to be hotter in their old age,etc.etc.etc.
When I started this thread - August 12th 2019 TSLA share price $229
Today February 21st 2020 share price $886
So the $50k deposit would be $193k today - 6 months later. That’s a 386% return! Again, why would anyone put down a $50k deposit!!
$50k plus interest = cost of being one of the first.
Yes they will eventually mass produce these so I am sure they will lower the deposit to $5 or $10k.
They want to sell more and the way to do that is via financing with low enough down payments.
Tesla is not in a position to make a limited edition vehicle. They need money.
... No way I'm giving up thousands of dollars to get it 6 months earlier.
When I started this thread - August 12th 2019 TSLA share price $229
Today February 21st 2020 share price $886
So the $50k deposit would be $193k today - 6 months later. That’s a 386% return! Again, why would anyone put down a $50k deposit!!
I purchaeExactly!
There's not going to be a huge market for a $200K super-car. This will be a flagship car to prove that electric cars own the field.
That's fine and sensible. The deposit is for the folks who can spare $50K for a few years and want to be the first in their town to own the quickest street-legal car in the world.
I bought TSLA at $35 right after I took delivery on my Roadster but I was not willing to bet my savings on it. If I had, I'd be so filthy rich now! But I could have been wiped out also. Investing is always a risk. If you'd bought when it was $800 you wouldn't be so happy today.
$50K as a deposit now will still be $50K when it comes time to pay for the car as long as they don't fold. $50K in TSLA could be $100K or $200K when it comes time to buy the car, or it could be $25K. And TSLA is not paying dividends. Some of us depend on the interest and dividends from out investments to live in our retirement.
Tesla probably figures that anybody who really intends to buy this car and can afford it, and wants badly enough to be one of the first in line, can afford the $50K deposit. Also, they want to get a real idea what the demand is. For a $5K refundable deposit they'd get some people who would end up dropping out and not buying the car, or trying to sell their place in line. With a $50K deposit, they know that only people who are serious plunk down the money. Some of those may not be able to buy it in the end, but they were serious when they put down the deposit.
Exactly!
There's not going to be a huge market for a $200K super-car. This will be a flagship car to prove that electric cars own the field.
That's fine and sensible. The deposit is for the folks who can spare $50K for a few years and want to be the first in their town to own the quickest street-legal car in the world.
I bought TSLA at $35 right after I took delivery on my Roadster but I was not willing to bet my savings on it. If I had, I'd be so filthy rich now! But I could have been wiped out also. Investing is always a risk. If you'd bought when it was $800 you wouldn't be so happy today.
$50K as a deposit now will still be $50K when it comes time to pay for the car as long as they don't fold. $50K in TSLA could be $100K or $200K when it comes time to buy the car, or it could be $25K. And TSLA is not paying dividends. Some of us depend on the interest and dividends from out investments to live in our retirement.
Tesla probably figures that anybody who really intends to buy this car and can afford it, and wants badly enough to be one of the first in line, can afford the $50K deposit. Also, they want to get a real idea what the demand is. For a $5K refundable deposit they'd get some people who would end up dropping out and not buying the car, or trying to sell their place in line. With a $50K deposit, they know that only people who are serious will plunk down the money. Some of those may not be able to buy it in the end, but they were serious when they put down the deposit.
That’s a lot of money to keep banked interest free.I purchae
I purchased 500 shares of TSLA at $187 and another 500 when it recently hit $350. That was the dip I was waiting for! Now let it ride for the next 10 years.
That’s a lot of money to keep banked interest free.
I bought some around 260 something back when SEC was investigating musks 420 tweet. Then sold around 280 because I lost confidence in Musk as a CEO. He proved me wrong and I’m happy about that.That's basically the reason I've never bought more shares of TSLA. I bought it so I could own a piece of the company. I'd have to be very desperate before I'd sell it, so I'll never get any money from its success. And I live off the income from my investments so I cannot afford to put everything in it.
OTOH, a younger person with a long time-line before retirement, who is investing for growth and does not need income from their investment because they get their income from their job, might find a zero-dividend growth company very appealing. As long as they're not putting all their eggs in one basket. That's always risky.
I do have a sizable chunk of solar bonds from Solar City, now Tesla. They're unsecured, non-transferable bonds, not redeemable before maturity, so they have the same risk and they are illiquid. But they pay a sweet 5% interest. And they financed the installation of solar panels. I guess that business model has gone out of favor because they have not issued solar bonds for a very long time. But I'm very happy with the investment and I'd have bought more if I could have.
I bought some around 260 something back when SEC was investigating musks 420 tweet. Then sold around 280 because I lost confidence in Musk as a CEO. He proved me wrong and I’m happy about that.
I really only prefer owning stock that pays a dividend.
Seeing that notification from E*TRADE pop up whenever a dividend is deposited to my account is just swell, don’t know why but something about getting money for nothing is so satisfying to me.
That's a hell of a story- $17? I'd never even heard of Tesla then.So if we're telling TSLA stories here, as an early-ish Roadster owner they offered to sell me shares in the IPO. I took them up on it and got them at $17. I bought some more a little later, and sold the lot of it around $171. I figured that more than 10x was just being greedy. That paid for the Roadster and my wife's Model S, including tax on the cars and capital gains tax on the stock sale. So I basically got two free Teslas.
So if we're telling TSLA stories here, as an early-ish Roadster owner they offered to sell me shares in the IPO. I took them up on it and got them at $17. I bought some more a little later, and sold the lot of it around $171. I figured that more than 10x was just being greedy. That paid for the Roadster and my wife's Model S, including tax on the cars and capital gains tax on the stock sale. So I basically got two free Teslas.
That's a hell of a story- $17? I'd never even heard of Tesla then.
Hindsight is a wonderful thing- if only I'd bought 10 000....or 100 000....or ....
You got the cars "free" in the same sense that you get "free" money if you pick the right horse at the racetrack: You took a risk and won. Back then, it was anybody's guess whether or not Tesla would succeed. If everybody had known how successful Tesla would be, the IPO price would have been $500 rather than $17.
Of course it was a risk. I was intentionally exaggerating when I called it free. That said, having driven a Tesla for a while before making the investment I knew at least that the cars were much better to drive than most people thought at the time, so I felt like $17 was underpriced. And I fully expected the most likely outcome was to lose my investment when I made it, because you're right, that's the fate of most startups.
I've invested in two other startups. Both of them are still alive and neither one is public. One looks like it will go public and pay off really well. The second one remains to be seen. So I've been really lucky with my choices of early stage companies.
Exactly. I won't give up 50K now as it can work for me for a couple years.I'd love to put down for one in maybe a year or whenever we have a more firm delivery time frame. I'd much rather keep putting that 50k to work than needing to be one of the first ones. Like Elon said, Roadster is dessert, so it's really still a ways off - I think probably not till early 2022 for first production if we're lucky.