Tesla offered $28K for my trade. Carvana offered $32K. A local dealer bought it for $33K and has it listed for $40K. I paid $41K for it two years ago.
Since automobiles are inherently depreciating assets, I buy them for their utility and pleasure - not as investments. I'm just as happy with my Model Y today as I was the day before the priced dropped $3K below what I paid last week.
No, he's obviously not going to say that cause then no customer will buy a M3/MY right now lol.Did he say that there will be further price cuts? I don't remember this.
Tesla misses on Q1 earnings, signals further price cuts
Yahoo Finance’s Pras Subramanian joins the Live show to discuss first-quarter earnings for Tesla.finance.yahoo.com
And ICE cars typically depreciate 20% the first year and 15% every year thereafter. Note: In terms of Tesla the outlook is fairly encouraging with the Model S retaining the highest value. For Model Y it's still too early according to this article from last year.Tesla offered $28K for my trade. Carvana offered $32K. A local dealer bought it for $33K and has it listed for $40K. I paid $41K for it two years ago.
Since automobiles are inherently depreciating assets, I buy them for their utility and pleasure - not as investments. I'm just as happy with my Model Y today as I was the day before the priced dropped $3K below what I paid last week.
The trick with this is the factory processes are getting streamlined and producing at scale so things become cheaper and cheaper regardless if the vehicle cost stays low - margins should trend back up as they implement what was outlined on Investor Day.. The factory IS the product not the cars themselves which is kind of a hard concept to wrap my head around.
The real crazy thing is if EV adoption continues to take off then ICE cars are going to depreciate even faster.
I'm supposed to turn in my car to carvana since they offered more than carmax. I hope they won't drop the price from original offer.
I paid $800 for them to run wires from basement to the garage and then install a Nema 14-50 plug with a Juicebox. I needed about 50 feet of wire.
Who did you call? Someone recommended from Tesla?
That's what mine was like.
Seems pretty high to me, not sure how that compares to other electricians in NJ though. Definitely worth shopping around for more quotes IMO. I paid $400 to have a NEMA14-50 installed in my garage in Texas. My situation was a very simple job though since my main breaker box for my house is attached to the side of my garage and I had plenty of space for the new breaker. Also, they used less than 10ft of copper wire so material cost was very small.
**** Electric recommended by Tesla. Yup, I need to call around, $3K is too much.
So that was about what we paid - however we ran 2 lines with 50 & 60 amp breakers. The 60 line was to our detached garage and the Tesla Charger and required an overhead line. The 50 was to a NEMA 14-50 in an enclosure on the side of our house. Note: make sure you use a commercial outlet like a Hubbell or Bryant for the 14-50 if going that route!!!
Probably not? It remains to be seen BUT suspect that Teslas will retain their value over time due to their reliability and efficiency. Even with any crazy new battery density improvements older Teslas should still be good to go for local and medium range daily drives. Also thanks to the charging network would still work but unsurprisingly take more time for longer trips.
It really depends on where you are, some of the wealthier NJ towns/suburbs get charged a premium for services unfortunately. Our 2 runs were 40-50 ft and 75-100 Ft plus hanging the line which electricians don't like to do nowadays.
$450 for installation of nema 14-50 including material and labor and $100 for permit in Vegas. However, my outlet will be just behind the house panel, so not much of a run at all.
