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Is now REALLY a good time to buy a new Tesla? [Jan 2023]

Luckily investing isn’t based on single day variables. Lol. Based on year to date the smart investor sees the future for Tesla.
As someone who stakes all of my net worth on day trading and sh*tcoin cryptos, I disagree. As Warren Buffet always says "Day trading and sh*tcoin crypto investments are the only way to true wealth."
 

EVLR

Member
Jan 19, 2023
96
44
LA
price cuts again today

"
Tesla Inc. slashed prices of its Model S sedan and Model X SUV in the US late Sunday night by $5,000 and $10,000 respectively as the company seeks to goose demand in the final month of the quarter.

The Model S all-wheel drive is now $89,990, down 5.2% from $94,990, according to the company’s website. The Model S Plaid is now $109,990, down 4.3% from $114,990.

The Model X all-wheel drive is now $99,990, down 9.1% from $109,990. The Model X Plaid is now $109,990, down 8.3% from $119,990."
 
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There's probably another $10k price drop that's easily justifiable if demand is indeed softening at the high end of luxury (BMW iX MSRP is at $90k)
I asked my wife to take a hard look at the iX and she said no way. The front design was a no go for her. Reminder her buck teeth. I went ahead and sat in one and the seats suck for me. Not even close to the seats in the X or our current BMW. Hard pass for us. Most of the IX looks pretty decent but that front end is not pretty.
 
I asked my wife to take a hard look at the iX and she said no way. The front design was a no go for her. Reminder her buck teeth. I went ahead and sat in one and the seats suck for me. Not even close to the seats in the X or our current BMW. Hard pass for us. Most of the IX looks pretty decent but that front end is not pretty.
I tend to agree about the looks of the ix (just
Picked it as an example) but from a pricing perspective I think there’s a lot more price they can cut based on where other premium suvs land.

Model Ys we’re at rock bottom for sure.
 
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Well I took delivery of my 2023 Model Y in the last week of Dec for 60K and now it's worth like 44k....

Doesn't matter if you aren't selling
But if you are selling, why did you buy in the first place?
There are a lot of Teslas around, but so are the bmw's, Audi's, etc
The value is determined by a lot of factors. One of them is driven by supply and demand. Unfortunately, you can't control that.
 

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