I was surprised by the number of people I know who prefer to trade-in a car when buying a new one, rather than selling it privately, even though it often results in a worse deal for them.
Less hassle dealing with potential buyers.
You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
I was surprised by the number of people I know who prefer to trade-in a car when buying a new one, rather than selling it privately, even though it often results in a worse deal for them.
Then why aren't they buying?
From my personal data gathering, those are more likely to yield per traffic laws than S/X driversto be blunt and save time, middle-class drivers offer new data sets.
I didn't even consider it when I upgraded to the 3. Not going to spend hours/days of my time to deal with random people to hopefully squeeze and extra 2k out.Less hassle dealing with potential buyers.
I didn't even consider it when I upgraded to the 3. Not going to spend hours/days of my time to deal with random people to hopefully squeeze and extra 2k out.
The official reason is to get more FSD learning data, right?
If demand is fine and profits sparse, why even introduce SR(+)?
Zero RHD Model 3's have been built while something like 1/3 of he world drives right. All expect to first see fully optioned cars. And people would happily pay $70-80K before all the price cuts. These cars are of course not about making BEVs affordable to many. SR(+) though seems to be curbing progress now in a climate of self-funded expansion.
There will always be more edge cases. The way the car sees the world changes. It's like a whack a mole. And people's behavior change too. It will be a constant struggle. It is extremely hard to anticipate a timeline given how complex the problem is.No...no more of THAT being an edge case.
Dan
Yes. This is very clearly correct.Just want to elaborate on cash position. They ended Q1 with $2.2B. 2weeks earlier, when they had delivered half of the cars for the quarter, ie ~40k cars less delivered cars for an ASP of ~$60k they clearly had even less cash... Do the math... This was cutting it pretty close, not a very comfortable position to be in. I guess they realized this and decided to not do that again. So they will smooth out deliveries to not have as many cars in transit, thus they will not have that bad of a cash position. But if they increase vehicles in transit at end of quarter to smooth out the wave it might get worse at the end of the quarter, but it will not be as bad as it was mid March. However for people only looking at ER it might look bad, as they are not aware of how much worse it was two weeks before ER...
They had to deliver as many cars to the US as possible before the stupid tax credit cliff.Why complicate things by having such an aggressive strategy which risks everything and makes everything so much more complicated and extra mess they don’t need. They could have delivered P3D/LR AWD to Europe/China starting in Q4,
Dumb oversight there. I agree, they should have removed it a lot earlier.removed referral program earlier,
Ehhhh, this was reactive IMO. They clearly removed the 75 due to the retooling, then found the retooling was taking longer than expected, then... well, I don't blame them.not cut S/X prices as aggressively in Q1
Project Raven has clearly been going for years and the cutover was clearly always scheduled for Q1 during the tax credit hangover; it probably took longer than expected., done the retooling for S/X new battery pack in Q2 etc
They're buying every car that Tesla makes. If you're wondering why Tesla isn't building more, my guess it's because they updated the S/X design (*confirmed) and updated and automated the S/X production lines (**speculation).
* EXCLUSIVE: 2019 Tesla Model S Review: From SF to LA on One Charge? - MotorTrend
** IMO likely given they laid off a big chunk of the S/X production staff in January and appear to have worked through whatever issues were present in the 3 lines, leaving Grohmann/Perbix with more time to work on other things
The guarantees must have almost run their course by now I would suspect.Part of the bond sales was recorded to equity on a speculative basis due to the accounting for conversion features. Paying off the bond was then reduction in equity, and due to the elimination of most forms of "other comprehensive income" in a recent GAAP change, it ended up in operating cash flow. I think that's right! (Sigh. The accounting rules here are ugly and I may be totally wrong)
The revenue from the car was originally reduced by the allowance for the resale value guarantee, i.e. the booked revenue was revenue - (expected value of buyback). The expected buybacks just increased -- they expect more people to take advantage of the resale value guarantee-- so it has to be booked as a retroactive reduction in revenue, which is accumulated and dumped on the balance sheet this quarter.
They expect more people to use the RVG because the market value of their old cars just dropped with the price cuts to the comparable new versions of Model S and X. In fact, I expect to see a second charge like this in Q2 due to the introduction of the "new" Model S and X reducing the value of the old Model S and X again.
The official reason is to get more FSD learning data, right?
If demand is fine and profits sparse, why even introduce SR(+)?
Zero RHD Model 3's have been built while something like 1/3 of he world drives right. All expect to first see fully optioned cars. And people would happily pay $70-80K before all the price cuts. These cars are of course not about making BEVs affordable to many. SR(+) though seems to be curbing progress now in a climate of self-funded expansion.
I don’t know where this ends.
5 hours is the best case, so is 2k increase in sale price.$2k for... what, 5 hours of your time, tops? Your time isn't worth $400/hr?
Yeah, there aren't that many of them left. I am pretty sure that the last US ones expire July 1 this year; there have been vague notes about foreign RVGs which were issued later which may hang around longer, but I think there were never that many of them.The guarantees must have almost run their course by now I would suspect.
Since it has not broken this pattern, it'll probably spend the rest of the month in the 240s....
Whatever the populations, the RHD premium market sizes are much smaller, and the two largest RHD markets Tesla is already in are the UK (Brexit turmoil) and Japan (dominated by small domestics).
That the UK is likely to be the largest RHD market for Tesla for the foreseeable future, should make it clear why they aren't rushing.
Heavy buying interest at $250. I get it. If I had dry powder I'd be buying at $250.