Hard to believe that; When you have that kind of wealth, you want to keep enjoying it; Bill Gates, Bezos, Zuckerberg, Soros and many like them, would love to extend their lives, and willing to pay any price.He’s no fan of immortality (at least publicly).
Elon Musk Says That Immortality Tech Would Be Very Dangerous
During an interview this week, Elon Musk warned that letting people live longer lives by coming up with new technologies may actually be a really bad idea.futurism.com
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Tesla drops prices on X/S $20k. All colors free. Bye bye resale
- Thread starter Propofoln
- Start date
jabloomf1230
Minister of Silly Walks
30% residual now. The article points out that historically Tesla was not an outlier when it comes to depreciation. And the new MS and MX that are now being sold at the lower prices won't be outliers either. Basically, Tesla decided to cut the margins on MS and MX to increase sales and it worked. Are you saying that a new 2023 MS will depreciate at 2x the rate of a new 2023 Porsche?That article is total BS. 72% residual on 5 year Model S?Just check the used car listings. No way. More like 30% residual.
Going from extremely high prices to now, would of course show huge depreciation.
Current MS/MX will hold up better. I don’t see the MS going down to 40k new. High prices when I bought mine in 2016 are due to early adopter. Later, high prices due to Covid. These prices will now be the norm, IMO. (Until the next big upgrade.)
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How much is Tesla reimbursing/paying for the legal expenses on your buyback?
Ours is still in limbo (this disaster has been going on since FEBRUARY!?!) and Tesla is holding fast on a $2,500 cap on legal fees, which is exasperating as they would have been ZERO had they bothered with a working corporate agent (which they didn't/don't).
Thanks for the info.
AMPd
Well-Known Member
None of the other automakers are under the microscope to deliver as many units as possible.I’ve never seen a major car company drop car prices by $20K from one month to the nextToyota, Kia, BMW, Porsche ever done that?
Musk is a very smart man but the Bottom line will always be geed, endless desire to attain as much money as possible, that leads to power and try to figure out immortality.
The model s was over priced at 100k for a long range. It’s not a 100k car, the price was adjusted with the market.
And yes I have seen dealers tack on 15-20 grand on top of MSRP anytime a hot in demand vehicle comes to market. Corvette refresh, the ford f150 raptor, the ram trx, in my area were going for way over MSRP when dealers were able to get any stock.
You can take as many shots at musk as you want, but there’s no denying that this price drop is a good thing overall.
Why don't you want an end of year car? And what's the difference from a late 23 vin or new 24 vin? They don't change anything about the car so it's just resale value? If someone was leasing then it wouldn't make a difference right?
aerodyne
2 of 3 EV's - Defect Free!
1) Historically, quality has suffered at EoQ and especially at EoY as they try to make delivery goals. Also the delivery experience is at its worst at those times. If you have a problem, getting service to address them is even more problematic than usual.
2) Just resale, maybe. But if I had to only wait a few weeks to get a 24 VIN, I probably would. I never lease or finance, so not knowledgeable about those situations.
Why is this a bargain? A brand new full warranty model s is 75k. A 21 is almost out of warranty. FSD is worth zero on the used market.
ucmndd
Well-Known Member
It's really not. 3 or 4 years later the resale value difference between a "2023" Model S produced in October and a "2024" Model S produced in November is negligible. People just really want this to be true. Mileage matters way more than model year, all other things equal.
AMPd
Well-Known Member
Facts. I personally would always choose the lower mileage model even if it’s older
Miles = wear and tear
Gotcha. Gotta learn the acronyms I guess. That just reiterates my point about these used Model S LR all being listed in the 70s.
aerodyne
2 of 3 EV's - Defect Free!
70's...so that means it is possible once again to get an LR for $69420?
And I've only lost 35k in 16 months.
Mine ended too. Are they gonna give me an additional 3 months or am i SOL?
Ouch. Sorry man. I'd be livid and probably never buy a Tesla again tbh.
I got screwed by Tesla twice. Bought the MXP for 146k in June 2022.
Bought the MSP for 105k in May 2023.
FML
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