Loads of discussion on the potential for a renewed tax credit for Tesla, but I'm curious to see your speculation about the effect on resale values. Let's say Congress passes BBB and most Teslas begin receiving a $7500-8000 incentive as of 1/1/22. For the 2022 tax year, this credit will only be realized in spring of 2023.
What do you think this will do to Tesla's currently nutball resale values?
I could see a couple of different outcomes:
1. Practically speaking, people will be receiving (the next year) upwards of $8k off their car, so that could drop the resale value. Why would anyone pay MSRP or higher for a car they could order and "get" for far less?
2. But, the renewed incentive would likely increase the demand for Teslas, which is already high enough to put SR M3s out nearly a year from now. This could have the opposite effect on values, as many people will be too impatient to wait for giant lead times and will eat the exorbitant prices these cars are already fetching. This increased demand could further increase the price in the used market.
Full transparency: I'm hoping for BBB to pass and for the #2 to be true. I have a SR I ordered in July that is finally being delivered next week, I locked in at a price $5k cheaper than they are now. I am very tempted to get it and immediately place an order for a LR with the hopes of flipping the SR shortly before the LR is delivered and using the possible "profit" to make the difference in cost between the two cars a wash.
What do you think this will do to Tesla's currently nutball resale values?
I could see a couple of different outcomes:
1. Practically speaking, people will be receiving (the next year) upwards of $8k off their car, so that could drop the resale value. Why would anyone pay MSRP or higher for a car they could order and "get" for far less?
2. But, the renewed incentive would likely increase the demand for Teslas, which is already high enough to put SR M3s out nearly a year from now. This could have the opposite effect on values, as many people will be too impatient to wait for giant lead times and will eat the exorbitant prices these cars are already fetching. This increased demand could further increase the price in the used market.
Full transparency: I'm hoping for BBB to pass and for the #2 to be true. I have a SR I ordered in July that is finally being delivered next week, I locked in at a price $5k cheaper than they are now. I am very tempted to get it and immediately place an order for a LR with the hopes of flipping the SR shortly before the LR is delivered and using the possible "profit" to make the difference in cost between the two cars a wash.