The horrible situation to avoid is when a stock goes down so much all you can think is to sell to cut off the pain, but IF you had not been in the stock the entire time you would be giggling to the bank with the opportunity to buy it.
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The horrible situation to avoid is when a stock goes down so much all you can think is to sell to cut off the pain, but IF you had not been in the stock the entire time you would be giggling to the bank with the opportunity to buy it.
mltv
Member
A) Musk's tweet is from 2016, which is forever ago.
B) They did a bunch of towing with Model S in prep for providing a tow package for the Model X. Still no tow package for S that I'm aware of.
Don't get me wrong. I think it would be great and maybe they will do it for Europe since its common for cars to tow in Europe. I just wouldn't get your hopes up too much.
One thing I'll note is how Tesla has an incredible advantage over competition when it comes to trade-ins. If the average trade-in is for a car that has half the value proportionally to its competition, it directly affects M3's gross margins favorably.
Case in point: A M3 buyer (50k purchase) trades in an Honda Accord (12k trade in) vs A typical Honda Accord repeat buyer (25k purchase , 12k trade in). Tesla's financial hit on the trade-in is proportionally much less, as much as 50% less than legacy automakers.
So this willingness by a large part of the customer base to buy upscale from usual or previous purchase habits has huge implications in the initial years for Tesla. This advantage will wear down as repeat business settles in.
Case in point: A M3 buyer (50k purchase) trades in an Honda Accord (12k trade in) vs A typical Honda Accord repeat buyer (25k purchase , 12k trade in). Tesla's financial hit on the trade-in is proportionally much less, as much as 50% less than legacy automakers.
So this willingness by a large part of the customer base to buy upscale from usual or previous purchase habits has huge implications in the initial years for Tesla. This advantage will wear down as repeat business settles in.
You read my mind. I do send my odometer reading to my insurance company, but only for a discount and judging by the low amount, I wouldn't be paying much road tax.
They did answer some of those throughout the call I think or in the letter. The one I remember for you is current rate is about 4200 or 4300 per week for m3. The stated they think 7k without too much more capex spend.
It's almost as if I didn't write that I recall multiple tweets, and I believe the last one was around the middle of last year, but I didn't have time to go search Musk's entire twitter feed for towing-related tweets.
There obviously would not be any recent towing related tweets if they're getting close to release a tow package, due to a fear of Osborning existing sales.
What's your argument, that they were testing a tow package for the Model Y - a car built on a (partially) different platform - before even greenlighting the prototype for the Model Y?
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Huh? In both cases the trade in is sold, theoretically for a profit. No financial hit, and no impact on vehicle GM.
The Tesla stat that most buyers are < 35k$ trade-ins *could* be meaningless, as it could be the case for all vehicles in the model 3 price range. They would at least need to compare to the average of similar cases to be meaningful.
i was a little bummed earlier by the rockefeller effect on price, but exactly one bottle of cheap italian wine has elevated my mood dramatically. not an advice.
humbaba
sleeping until $7000
Yes, it is to offset losses in gas tax. When I checked the numbers it isn't that unreasonable. But since I don't drive that much it is more than I am currently paying through gas tax. And when you don't have much money even the California $125/yr is noticeable.
OTOH, there's no pollution tax for the effect on health from tailpipe emissions. By switching to an EV I am helping reduce healthcare costs.
Maybe I'm just grousing. But EV specific taxes already exist on a state-by-state basis is the real point I was trying to make. And, yes, that does broach the larger topic of how to pay for road maintenance.
A) Sorry, I did miss your comment on multiple tweets.
B) I thought final decision was to build Model Y on the same platform, so yes that was my argument.
Dan Detweiler
Active Member
You mean income inequality like during the industrial revolution? Or during the depression? Or during the civil rights movement? Or countless other times in our history? It's nothing new folks. We have been struggling with these issues since the founding of our nation.
...and this isn't the place for political rants, so I will drop it.
Dan
I think it's pretty important to be able to discern pedestrians, bicyclists and moving objects in order to "drive well". Autopilot already handles these pretty well.
GM's self-driving car reportedly has trouble recognizing pedestrians
V9 has pedestrians!
In CA I don't think that is the case. Over 85% of the USER fee taxes, which are the fuel taxes that the STATE applies, go to the highway and transportation funding. Additionally, the sales taxes ON gas and diesel (1-4.5%) contribute to these funds, but wouldn't represent the same nominal contribution that the USER fee taxes contribute. There IS some additional funding that comes from the federal government that goes into these accounts (and yes, the CA as well as other state gov'ts have often raided (borrowed) from these accounts for other funding purposes but the flow of funds is directly from the USER fee taxes into the applicable transportation fund.
There is also additional funding INTO the highway and transportation accounts, but in CA at least that is not the primary contributor. Any information to the contrary would be interesting to read.
Also, in the most recent increase of the STATE gas USER FEE's per gallon, on gasoline and diesel (user fee), I believe 100% of THOSE funds were dedicate to one single road maintenance program fund from which i believe that the user fees were the only source of funds for that program.
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This pop could occur when they announce October US sales compared again. If exponential, we should see an even more dramatic comparison. However, part of me says their capacity is tapped already. Hopefully they continue to take sales away from competitors for the same dramatic effect in bar chart form. A move from 4th to 2nd or 1st place would further demonstrate this trend as claimed.
And to think I always thought it was there to press very hard when the car in front of me won't go. I learn so many new things on this board.You win.Sound your horn so that the potential people on the other side of the turn know you're coming and can get out of the way. (or if they can't get out of the way, can sound their horns back at you...) Yep!
This is actually the reason cars have horns...
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