$59k Base Dual-Motor AWD Cybertruck Begin Delivery!

[comet2]

Now why cant Tesla be like Sticker Mule and deliver ahead of promise date... Lol

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[comet2]

Yikes, I didn’t mean to derail this thread into Finance 101. Only wanted to inform people on the current rates offered for people who planned to finance their Cybertruck purchase. Perhaps I should have just started a different thread.

All good discussions...

 

[cyberpunk27]

All this financing cost is talk is just nuts. Anyone financing a luxury vehicle fails Finance 101. If a buyer can’t pay cash, they can’t afford the vehicle. Being able to make a monthly payment is not affording it. Borrowing money for boats, cars, motorcycles, anything except a home mortgage is paying the man. Our finance and auto sales systems are set up to entrap and make lifetime serfs of unsuspecting and naive consumers. People who finance “wants” WILL end up with less wealth. But what you can afford to pay cash for until having the excess funds to splurge on on things no one needs. That’s ANY new car. No one needs one. Decent, safe and reliable transportation can easily be had for under $10k. I completely understand the psychology and siren call for the latest thing, and the entitlement that comes with the desire to have it (why not me?), and have been there myself earlier in life. Just say no to auto financing of any kind, and for God’s sake, never carry any revolving or merit card balances. Ever. Zero exceptions short of paying for a loved one’s ransom. That’s literally the only reason I even keep a personal credit line without a draw - in case of dire emergency.

Simple question: do you think the market can return > 5% ? Maybe consider taking that financing 101 class you mentioned... I'll stop commenting on this. Would rather the thread stay positive.

 

[AWDMK4]

Moving back to our regurlary scheduled programming....

Some new deliveries this week on the Facebook Tesla Cybertruck group. One interesting review from a guy named Austin.

He has some good photos and one picture shows his SAWD has off-road modes, though the modes are limited compared to the Premiums, as to be expected. The good news is, both locker controls are there!

 

[59K]

Moving back to our regurlary scheduled programming....

Some new deliveries this week on the Facebook Tesla Cybertruck group. One interesting review from a guy named Austin.

He has some good photos and one picture shows his SAWD has off-road modes, though the modes are limited compared to the Premiums, as to be expected. The good news is, both locker controls are there!

Someone mentioned the gear must be in drive to engage the lockers. I suppose nobody has actually taken it off road in drive gear to see. Hopefully I can take a screenshot over the weekend now that my delivery schedule is unlocked:

 

[AWDMK4]

One other interesting note from "Austin". He states the center console tray he moved over from his previous CT (PAWD) did not fit. It was an off-brand from Amazon, not the one from Tesla.

Something to be aware of if you're pre-ordering accessories.

 

[PungoteagueDave]

Simple question: do you think the market can return > 5% ? Maybe consider taking that financing 101 class you mentioned... I'll stop commenting on this. Would rather the thread stay positive.

I teach Finance at Johns Hopkins University Carey Business School. I hear this argument all the time. It’s rationalization, misdirection. It advocates applying leverage of nearly any kind for a POTENTIAL delta in yields. One yield is guaranteed (the car payment), the other yield is not (the alternate use of funds for investment). This is mismatched terms (investment horizon) and risk. Ask the lender whether their yield on lending to you is a risk-adjusted good return on investment. The answer is yes. Every time. You are paying the man for money, not a vehicle.

People who bet on the stock market using debt almost always lose in the end. That’s on average, and you may claim higher returns, but as a long time (now retired) Wall Street banker, I can tell you that almost no professional fund manager beats the market long term. In my specific sector (real estate) no professional money manager with published results has beaten the market’s average returns for more than two years. Not one. So what are the long term chances for an amateur to pick stocks. I can show you some preferred shares and bonds that exceed the cost of high-credit-score loans, so can create a “guaranteed” delta in returns, but the effort in that is marginal and still carries added risk - the higher yielding alternative isn’t the same risk that your lender receives on the funds. If time is worth anything, an investor needs to create real alpha to make the effort have reasonable value.

Note that this risk-taking approach is highly correlated with unearned confidence and testosterone. I’ve literally never had this conversation with a woman, nor have I met one who claims to both beat the market and execute timing perfectly. That is a male phenomenon in my experience. Stock picking is for fools and the very lucky.

 

[dn325ci]

I teach Finance at Johns Hopkins University Carey Business School. I hear this argument all the time. It’s rationalization, misdirection. It advocates applying leverage of nearly any kind for a POTENTIAL delta in yields. One yield is guaranteed (the car payment), the other yield is not (the alternate use of funds for investment). This is mismatched terms (investment horizon) and risk. Ask the lender whether their yield on lending to you is a risk-adjusted good return on investment. The answer is yes. Every time. You are paying the man for money, not a vehicle.

People who bet on the stock market using debt almost always lose in the end. That’s on average, and you may claim higher returns, but as a long time (now retired) Wall Street banker, I can tell you that almost no professional fund manager beats the market long term. In my specific sector (real estate) no professional money manager with published results has beaten the market’s average returns for more than two years. Not one. So what are the long term chances for an amateur to pick stocks. I can show you some preferred shares and bonds that exceed the cost of high-credit-score loans, so can create a “guaranteed” delta in returns, but the effort in that is marginal and still carries added risk - the higher yielding alternative isn’t the same risk that your lender receives on the funds. If time is worth anything, an investor needs to create real alpha to make the effort have reasonable value.

Note that this risk-taking approach is highly correlated with unearned confidence and testosterone. I’ve literally never had this conversation with a woman, nor have I met one who claims to both beat the market and execute timing perfectly. That is a male phenomenon in my experience. Stock picking is for fools and the very lucky.

Take this off-topic garbage elsewhere, please. I own a large business with significant assets and could care less about your opinionated, broad brush, one-size-fits all view of the world. The fact that you're a finance professor makes you even less qualified in my mind, but clarifies why you've given your opinion at the wrong place and time.

 

[Sunny]

I teach Finance at Johns Hopkins University Carey Business School. I hear this argument all the time. It’s rationalization, misdirection. It advocates applying leverage of nearly any kind for a POTENTIAL delta in yields. One yield is guaranteed (the car payment), the other yield is not (the alternate use of funds for investment). This is mismatched terms (investment horizon) and risk. Ask the lender whether their yield on lending to you is a risk-adjusted good return on investment. The answer is yes. Every time. You are paying the man for money, not a vehicle.

People who bet on the stock market using debt almost always lose in the end. That’s on average, and you may claim higher returns, but as a long time (now retired) Wall Street banker, I can tell you that almost no professional fund manager beats the market long term. In my specific sector (real estate) no professional money manager with published results has beaten the market’s average returns for more than two years. Not one. So what are the long term chances for an amateur to pick stocks. I can show you some preferred shares and bonds that exceed the cost of high-credit-score loans, so can create a “guaranteed” delta in returns, but the effort in that is marginal and still carries added risk - the higher yielding alternative isn’t the same risk that your lender receives on the funds. If time is worth anything, an investor needs to create real alpha to make the effort have reasonable value.

Note that this risk-taking approach is highly correlated with unearned confidence and testosterone. I’ve literally never had this conversation with a woman, nor have I met one who claims to both beat the market and execute timing perfectly. That is a male phenomenon in my experience. Stock picking is for fools and the very lucky.

As an avid spectator I can say the best investors invest in companies that are long term disrupters (typically technology companies). They can outperform indexes by far. Skate to where the puck is going long term. Identify those companies, get in early, develop conviction, and hold on for the ride. Stanley Druckenmiller is by far the GOAT of investing.

 

[Sunny]

I still have no updates for my 2/20 order. Been watching the folks pick theirs up. The truck looks great. Have to say that I think Tesla needs to put some more price distance between the trims. Wouldn’t surprise me if they raise the price of the premium a few thousand.

 

[jaborror]

I teach Finance at Johns Hopkins University Carey Business School. I hear this argument all the
…

All. you say is true but i wrote analytics porgramming for Fixed Income at the big Wall Street banks. When I sold my primary house I did not pay off the mortage on my second home. That mortage was obtained at near historically low rates and was grandfathered in to being fully deductable on my federal taxes. Instead, I invested in high grade bonds of a simialr duration at a higher yield. In effect this defeased the debt and I net over 1.5% on the banks money. Not totally risk free but then nothing ever is.

 

[jamesj562]

@jamesj562 - you still scheduled to pick up yours this week?

As for the L-Tracks, yep, $250 from the Tesla store. Mine showed up today, just need a truck to put them on.

I'm getting a bit of cold feet. The reality of having an $850 car payment for 6 years is causing me to think twice. Even with 15-20K down it feels like a large financial commitment.
Before this process I was not aware auto rates were almost 6%
I did my credit app and Tesla approved me at 5.69%, navy Fed approved me at 5.79% my paid for legacy X has been very good to me but the mileage is really high and the only other viable alternative is sit and wait a year or two before picking up a 22 X or S.

 

[Sunny]

I'm getting a bit of cold feet. The reality of having an $850 car payment for 6 years is causing me to think twice. Even with 15-20K down it feels like a large financial commitment.
Before this process I was not aware auto rates were almost 6%
I did my credit app and Tesla approved me at 5.69%, navy Fed approved me at 5.79% my paid for legacy X has been very good to me but the mileage is really high and the only other viable alternative is sit and wait a year or two before picking up a 22 X or S.

High car payments are the new normal. If there is any vehicle to get its one that can also power your house. No vehicle can give you what the $59k CT can give you. It’s an all around vehicle. It can do basically everything you’ll need. That’s how I sell myself on it.

 

[Outdoors]

what if the financing is 0%?

Over on TMC I was told once that I was the reason the stock market is so wild. People finance cars and trucks at 0% and use the money to invest. What a horror. Sit and spin.

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