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'Tesla shares sink as car deliveries drop'

Discussion in 'TSLA Investor Discussions' started by rooter, May 3, 2019.

  1. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

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    You think that word spread at all the New Years Eve parties?
     
  2. rooter

    rooter Member

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    FAHAHAHA, true dat!

    Is this the best money-grubbing scheme you can think of whitex?

    I had to earn money to buy my own first car. So did my sons. Why did you not teach your son personal responsibility?
     
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  3. Zextraterrestrial

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    #43 Zextraterrestrial, May 5, 2019
    Last edited: May 5, 2019
    This is just completely false.
    Thanks for caring though
    I have had so many people ask me which Tesla to get recently
     
  4. Zextraterrestrial

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    I’ll think about it. Don’t have any kids and personally want a 3 for myself but my ‘12 S is great. Kind of short on cash too otherwise I’d be racing a P3 in autocross too.
     
  5. Zextraterrestrial

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    Ya, happened with bmw 5 series and a new 4 runner too, months for a unfixed & undiagnosed problem on the BMW
    Tesla handles stuff that goes wrong pretty damn well for where they are respectively

    But
    What does any of this have to do with the OP?
     
    • Like x 1
  6. Uncle Paul

    Uncle Paul Active Member

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    Similar situation is happening already. In NYC a person can purchase a used Prius for about $15,000. Paint it Yellow Cab color and slap an official Medallion on it and it instantly is worth over $100,000. That is because the car can now be used for transporting people for a fee.

    Medallions are not worth as much now, due to saturation and recent Uber/Lyft innovation.

    Point being is that once a vehicle can be used to charge paying customers it's value can increase tremendously. The price of the car does not need to go up, just the value. If the car can transport paying customers, and do so without paying the cab driver, the profits will be even greater.
     
  7. Dan Baldwin

    Dan Baldwin Member

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    If you read the post again, one the OPs possible reasons on the list was " Could this be because word has gotten around about parts shortages and months for service? "

    I've had 3 Audis and two Mercedes and have been on their forums as well. I don't recall there being nearly as much dissatisfaction about service or parts issues as I see on this and other Model S forums. I could be wrong and honestly hope I am. Try calling auto body shops in your area and ask them about their experience with repairing Teslas vs any other car.
     
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  8. Ivan 77

    Ivan 77 Member

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    Hello! Excited to join the TMC! I love my Tesla S and so much more about the brand. My service experience here in Norway is least to say disappointing - no replies; different statements; very expensive; months of waiting. And the worst - no service options. Prices here of the S out of warranty is drastically falling because of this and can imagine many people think same.
     
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  9. Dan Baldwin

    Dan Baldwin Member

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    I'm sorry to hear about that. I hope things improve for you. I know from a past experience that Tesla does read these forums and I would encourage anyone to post their disappointing experiences regardless of what the Kool aid drinkers say.
     
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  10. Evoforce

    Evoforce Member

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    You're welcome! As you know, nothing is free and getting your two cents was enough to cover. Well after all, I did stay at the Holiday Inn Express last night. :)
     
  11. whitex

    whitex Active Member

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    #51 whitex, May 5, 2019
    Last edited: May 5, 2019
    I didn't come up with with, just riding along Elon's grand plan. If you think what Elon is saying is a money-grabbing scheme, don't participate. My son has plenty of personal responsibility, what I am proposing is a deal that is a win-win for everyone, assuming Elon is right and cars will be worth $250K in 2-3 years. So, if Elon is right, this is not money grabbing scheme. If people end up losing money, the blame is solidly on Elon, not on me, I just tried to help people make money.

    It sounds to me like you are accusing Elon of being a conman or at the very least delusional and incompetent (the only way what I propose could be seen as a money grabbing scheme). So which one is it?
     
  12. whitex

    whitex Active Member

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    If you believe Elon, racing that P3 in autocross is an investment which will make you money. You could sell the '12 S since it's not FSD capable and get the M3 which will be worth up to $250K in 2-3 years! I don't see how you can afford not to, unless of course you doubt Elon. ;)
     
  13. whitex

    whitex Active Member

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    The value of the car is what you can sell it for. Using your example, if the Prius with medallion could be sold for $100K, it doesn't mean the Prius by itself is worth that much. You're paying mostly for the medallion. If you put a million dollars in cash in the trunk, I bet it's value would be over a million! It doesn't mean that Toyota can claim the Prius is an appreciating asset, just because you can put cash in the trunk and sell it for more than new.

    So, the only way a Tesla can be an appreciating asset is for their prices to keep going. A used Tesla is never going to have a value higher than a new price, unless it has something the new one does not (like $200K in the frunk).
     
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  14. P100D_Me

    P100D_Me Member

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    So to help achieve this perceived value appreciation goal why did Tesla back in February pull the rug out from underneath us all and drop the RRP across the board? In some countries dropping the drive away price by nearly 50%, I repeat, nearly 50% drop! Stupid statement from Elon, nothing more.
     
  15. whitex

    whitex Active Member

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    Hey, I am not arguing whether Elon is right or full of hot air. I'm just noticing there are a bunch of people on this forum who believe Elon and are willing to defend his statements how Tesla is an appreciating asset. I'm just offering those people a chance to make some good money based on their belief that Elon is right. No different that folks selling options on the stock market.
     
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  16. Dr. J

    Dr. J Member

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    Two words: Insurable interest. You are right about car insurance, wrong about life insurance. Besides, if you did this and the person croaked, you'd be the prime suspect. ;)
     
  17. whitex

    whitex Active Member

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    When I worked for a startup a while back ago, the company had a life insurance on my. I didn't know about it until some time later it came up in some random conversation. I didn't sign anything acknowledging it either, and my family was no the beneficiary - the company was (or investors, I don't recall specifics). I was told it was standard practice to take out life insurance on key employees. So, I guess they had insurable interest. I own two Teslas, do I have insurable interest to take out a policy on Elon? What if I own stock in a company, can I take a life insurance out on their employees?

    Anyhow, besides the point, as you acknowledge, it works for car insurance in what I was proposing.
     
  18. mongo

    mongo Well-Known Member

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    Agree with that.

    Disagree with this. It is not that a used Tesla is worth more than a new one, it is that both of them have the ability to generate profit. Once the software is in place, the older car does increase in value as does the new one. A car that can be a robo-taxi on the side is worth more than one that cannot. Once Teslas can be upgraded to robo-taxis, their worth (both older retrofit and new) increases.


    SmartSelect_20190505-205006_Firefox.jpg
     
  19. Dr. J

    Dr. J Member

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    Yes, I guess so. Though I think it's unethical of them to do it without disclosing it.
    Agreed.
     
  20. whitex

    whitex Active Member

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    #60 whitex, May 5, 2019
    Last edited: May 5, 2019
    That is what I've been saying. Since as you said, used Tesla with FSD is not worth more than a new Tesla with FSD, if the used one is worth $250K, the new one must be selling for at least that much. So, if Elon is right, the MSRP for Model 3 will be up to $250K in 2-3 years - no way around it. If Tesla is still selling new ones with FSD for $40K, there is no way you can claim the old one is worth more than the new one.

    PS> If your argument is that Tesla is selling something worth $250K for only $40K, guess what, by selling it at $40K they are lowering it's worth. If anyone can buy a new one for $40K, nobody would pay that or more for the old one, therefore the old one's value is less. Monetary value of any good is based on what someone is willing to pay for said good, usually assessed by average selling price. Nothing is every worth more than what you can easily buy it for.
     
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