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Should I sell my TSLA stock to buy a new Model S?

bareyb

Active Member
Sep 2, 2013
1,141
51
Silicon Valley, CA
I bought $5k worth of TSLA when I bought my 2013 Model S and if I sell it today, I'd have almost exactly what I'd need to buy a new Model S LR. I know next to nothing about Stocks, but I'm thinking it would be really awesome if my Stocks bought me a new Model S. It's long overdue. My 2013 is out of warranty now and I think it's time to let it go. What do you think? Sell the Stock or hang onto it and pay cash?
 

alloverx

Member
Mar 20, 2016
906
759
Seattle
Hard to predict of course but seems unlikely Tesla share price will continue its fast rise of last few years. Still likely to continue going up just at a slower rate. You will likely never see a dividend in the medium term. Perhaps play safe and sell 1/2 shares.
 

David_Cary

Active Member
Dec 17, 2012
1,249
872
Cary, NC
Sell and invest in something else? Who cares if your car is out of warranty - it still works right?
Imagine the stock market when everyone sells to avoid capital gains tax increase.....
 

gaswalla

Model S,3,X.. CT with Austin delivery
Sep 23, 2012
3,550
4,191
San Diego
Be sure you understand tax implications- even though rates are likely going up, you still will lose about 18-24 percent to the feds and another 10-12 percent to the great state of California.

my recommendation- hold on to it and revisit the conversation when the Roadster is out
 

Gumball

Member
Mar 9, 2020
295
350
Yes
Use someone else’s money to buy aka a bank
Yeah right, not like you have to pay it back or something.

But serious, shares will go up a lot more, the expectations are, so keeping them makes a lot of sense. Sell the current S and use that money and a loan for the new car.
 

ecospider5

Member
Nov 6, 2018
33
64
Duvall
If your retirement is fully funded then an expensive new car makes sense. If not then keep driving your current car and keep you stock assets for retirement. I’m sure if you get your current Tesla detailed very few would be able to tell the difference between that and a new Tesla.
 

Big Toys

Member
Jan 19, 2019
620
591
Florida
If your retirement is fully funded then an expensive new car makes sense. If not then keep driving your current car and keep you stock assets for retirement. I’m sure if you get your current Tesla detailed very few would be able to tell the difference between that and a new Tesla.
I bought $5k worth of TSLA when I bought my 2013 Model S and if I sell it today, I'd have almost exactly what I'd need to buy a new Model S LR. I know next to nothing about Stocks, but I'm thinking it would be really awesome if my Stocks bought me a new Model S. It's long overdue. My 2013 is out of warranty now and I think it's time to let it go. What do you think? Sell the Stock or hang onto it and pay cash?
To be fair: an expensive car never "makes sense".
 

dub1ous

Member
Aug 1, 2021
62
155
OH
sounds like you have > 100, you can write options contracts on them. Consistent income per week, should pay for your TESLA loan. This is what I would do, if I was in your position.
 

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