Teslas future looks bleak tainted

[dachshund]

This is not a thread directly talking about the recent 20k to 30k loss in value current tesla owners have faced over the last 72h. We already know that anyone who bought before the price change is screwed and not than Lilly won’t be buying another Tesla or tesla product again.

This thread is about the future of all tesla owners. Think about it, dealers all over America are sitting on billions in losses caused by Elon musks drastic price reduction. He always raised prices by 1-3k a quarter but now surprised the world with 8-13k overnight cuts not dropped out over a few quarters. You can almost guarantee that car dealers won’t be douped or ripped off again by Elon musk.

The cars are cheaper now. They should sell a lot more. Tesla has high margins, therefore the company will still be profitable. There, now do you feel better about the future of the Tesla market?

 

[Black306]

... As for the people that already have them, only the ones looking to sell/trade in are pissed. ...

... I actually had two quotes on my car from carvana and carmax for 33k ish. I redid the quotes to see if anything has changed and carvana shows that its stumped. and carmax is requiring me to bring the car in for a person to value it now. This means that the offers i got yesterday dropped to newer lows today and they dont want you to see it online and hope that you'd accept a bad offer in person. ...

You're looking to sell. That's how you got burned.

A few burned folks.... You do realize they burned 100% of their customers prior to the price reduction. Every car ever made by tesla took a huge dip in value. Every car, every model year made and thats why dealers are screwed the most. They will rebel against taking these as cars as trade ins espeically this year. No way they would risk being burned twice in the same year.

$50k-$0 ... 100% of customers burned ... and you're trying to say emotion isn't in this thread? Can't say 100% since Tesla didn't burn me. There is value in my car; I still enjoy it and plan on keeping it for years. Resale value isn't a consideration for me since I tend to keep cars for so long; residual value is usually a very small fraction of what I pay for cars. Learned long ago a car is a depreciating asset.

 

[buster84]

In capitalistic economy, supply and demand will determine whether someone will buy your car, not the experience of being burned. There will simply be new carsellers if the old ones are skimping. All money originates from arbitrage, there is no escape.

What happened here is not capitalism. When the government gets envolved and controls prices it’s called socialism and a $7500 reduction is not a tiny blip in price reduction. Musk reduced prices to take advantage of that thinking it will benefit tesla but in the long run he may have burned every Tesla owner that now won’t buy another tesla. His only hope is to convince gas drivers to buy electric which I doubt will happen.

 

[buster84]

You're looking to sell. That's how you got burned.



$50k-$0 ... 100% of customers burned ... and you're trying to say emotion isn't in this thread? Can't say 100% since Tesla didn't burn me. There is value in my car; I still enjoy it and plan on keeping it for years. Resale value isn't a consideration for me since I tend to keep cars for so long; residual value is usually a very small fraction of what I pay for cars. Learned long ago a car is a depreciating asset.

Exactly cars depreciate over time. They don’t drop 20 or 30k overnight. People have this false miss conception that people think that we didn’t understand that it will loose value, of course we did. But at a rate of 20-30k in 24h theoretical it could then also reach 0.

If you understand that a car depreciates then you can accept that it won’t be worth anything one day. What musk did was speed but the process by 80%.

 

[Waltjo]

This is not a thread directly talking about the recent 20k to 30k loss in value current tesla owners have faced over the last 72h. We already know that anyone who bought before the price change is screwed and not than Lilly won’t be buying another Tesla or tesla product again.

This thread is about the future of all tesla owners. Think about it, dealers all over America are sitting on billions in losses caused by Elon musks drastic price reduction. He always raised prices by 1-3k a quarter but now surprised the world with 8-13k overnight cuts not dropped out over a few quarters. You can almost guarantee that car dealers won’t be douped or ripped off again by Elon musk.

Here are some serious questions for new buyers.

1) when making your purchase are you afraid that won’t musk could drop the price again by another 10k in a few months? If he did it once he could do it again.

2) what will you do with your tesla is dealers STOP taking them as trade ins and buying them outright? If you have no one to sell your car too then your $50,000 purchase is worth $0.

3) do you trust in Elon Musk direction to fix the company and plan to continue buying their products or are you done with tesla for good after this?

As for me, What he did to ever car owner and dealer overnight is enough to collapse the entire used tesla market to where no one will buy these cars and I’ll definitely not be buying any of his cars in the future after this. I’ll just drive my current m3 until it dies or gets totaled.

When something you bought goes down in price shortly afterward, it always creates regrets. But it is a direct effect of a capitalist economy. It has happened to me with computers, big-screen TV's, and some appliances in the past. Bummer, but I made the decisions to buy them because the price was just and fair, so I might be sad, but not angry at the company.

Another take on the Tesla price cuts is that Tesla's margins are so good that they can absorb these lower prices, and still be profitable. It this is true, then it seems like a perfectly rational response to the markets slowing and the rise of competitive EVs' One big question that it raises is whether any of the existing big automobile companies or the other start-ups, Will be able to answer the Tesla pricing moves. That remains to be seen. Also remaining to be seen is the effect that these cuts will have on Tesla's sales. Especially since the price cuts have also put more tesla products in the range to get the $7500 federal EV credit. Which is really like another price cut to the consumers.

But to repeat myself, price cuts are a fact of life in our economy. And we will have to wait and see what the results are. If the other manufacturers follow then the EV market will be enlarged and that may allow production efficiency to increase. It is certainly will be disinflationary as well.

 

[buster84]

When something you bought goes down in price shortly afterward, it always creates regrets. But it is a direct effect of a capitalist economy. It has happened to me with computers, big-screen TV's, and some appliances in the past. Bummer, but I made the decisions to buy them because the price was just and fair, so I might be sad, but not angry at the company.

Another take on the Tesla price cuts is that Tesla's margins are so good that they can absorb these lower prices, and still be profitable. It this is true, then it seems like a perfectly rational response to the markets slowing and the rise of competitive EVs' One big question that it raises is whether any of the existing big automobile companies or the other start-ups, Will be able to answer the Tesla pricing moves. That remains to be seen. Also remaining to be seen is the effect that these cuts will have on Tesla's sales. Especially since the price cuts have also put more tesla products in the range to get the $7500 federal EV credit. Which is really like another price cut to the consumers.

But to repeat myself, price cuts are a fact of life in our economy. And we will have to wait and see what the results are. If the other manufacturers follow then the EV market will be enlarged and that may allow production efficiency to increase. It is certainly will be disinflationary as well.

What happened here is not capitalism. When the government gets envolved and controls prices it’s called socialism and a $7500 reduction is not a tiny blip in price reduction. Musk reduced prices to take advantage of that thinking it will benefit tesla but in the long run he may have burned every Tesla owner that now won’t buy another tesla. His only hope is to convince gas drivers to buy electric which I doubt will happen.

 

[Grabthar]

I don't feel burned on my M3 and I'm currently shopping for another one for the wife (debating between Y and X). Before the price drops, looking at the Y but now, the X is within range. I'm sure a lot of Tesla owners will absolutely buy another one.

 

[advertisingfre]

I don't feel burned on my M3 and I'm currently shopping for another one for the wife (debating between Y and X). Before the price drops, looking at the Y but now, the X is within range. I'm sure a lot of Tesla owners will absolutely buy another one.

Yes, I was thinking of getting a Y too but now I hate Tesla so much that I won't buy one. btw, model X is now within reach for me so I get one instead. LOL

 

[thesmokingman]

trolololo