Foundation Series Cybertruck Ready to Order... Sell My Tesla Shares To Buy?

[CyberRand]

Last night THE email came! WTF? I'm getting invited to purchase a Foundation Series Cybertruck?

Pretty sure going to all out and get the CyberBeast.

So, I'm now wondering if I should liquidate my entire Tesla portfolio to pay for it?

Obvi, the shares are the long term right call. But living in the here and now has never been anything I've done. Considering it vs. any sort of monthly payments.

What are opinions on this? Thanks Club!

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[Rutrow]

I'm contemplating selling $TSLA stock to pay for mine too. With interest rates so high Other People's Money isn't as attractive as it used to be. I officially retire next November so I'll have access to a bunch of retirement funds to replenish my shares and I have a suspicion that $TSLA shares won't be skyrocketing in 2024.

What are your $TSLA shares for? It they're integral for your retirement or college fund, I'd leave them be. If they're fun money... this kind of thing is what you're investing for anyway! Live a little!

Decisions, decisions...

 

[Misterbee]

Same….sigh….

 

[Dr Evil]

here is a vote to hold the shares. Also, what is your position in line and location?

 

[lowtek]

Keep your stock. Save and get the one you want in 18 months financing the balance. You'll regret selling it. I sold a whole bunch of Apple stock at $27/share. Needless to say I'd be filthy rich right now if I had just held it.

 

[WHIZZARD OF OZ]

Last night THE email came! WTF? I'm getting invited to purchase a Foundation Series Cybertruck?

Pretty sure going to all out and get the CyberBeast.

So, I'm now wondering if I should liquidate my entire Tesla portfolio to pay for it?

Obvi, the shares are the long term right call. But living in the here and now has never been anything I've done. Considering it vs. any sort of monthly payments.

What are opinions on this? Thanks Club!

If you have to 'liquidate' the lot, l would say YES.
Then squirrel away to buy back each month a parcel ..... accumulate.
You get to have your cake.....this opp may not come again in one's lifetime.

 

[davelloydbrown]

Keep your stock. Save and get the one you want in 18 months financing the balance. You'll regret selling it. I sold a whole bunch of Apple stock at $27/share. Needless to say I'd be filthy rich right now if I had just held it.

I would have a tendancy to agree with this.

My plan is to sell 1/4 of my shares and ideally I would like the price to be between $300 and $350 per share. This is doable for me as I live in Canada and I am a second day reservation holder so I won't be faced with this dilemma for another 1-2 years.

Tesla stock is in a bit of a trough now and as the CT announcement didn't move the needle at all, the only thing that could help the stock would be, increased sales (show that tesla sales are not in a slump), falling interest rates or some announcement about M2.

The next two quarters may be rough, but you only need to put down $250 and if the shares are low when you are required to buy (may take several months), then you can use a LOC or short term loan and sell the shares when they are higher (hopefully not all of them).

Best of luck with your decision and potential purchase.

 

[TTz]

If you agree that 2024 will include a mild recession AND that a Founder CT will slightly appreciate in value:
- sell your stock, buy Founder CT with cash
- after one year and one day (keep mileage low), sell Founder CT @ auction for profit.
- buy back shares at recession discount
- purchase your reserved CT and use remaining profit as down payment.

There IS financial risk involved! And don’t forget the tax implications of selling appreciated assets.

But you will be an early adopter. And the recipient of much attention. This suggestion obviously doubles-down on the role ego plays in financial decisions.

BUT, in reality, the premium being charged by Tesla for a Founders Edition is 100% based on the greed of Ego.

 

[hobbit11]

Last night THE email came! WTF? I'm getting invited to purchase a Foundation Series Cybertruck?

Pretty sure going to all out and get the CyberBeast.

So, I'm now wondering if I should liquidate my entire Tesla portfolio to pay for it?

Obvi, the shares are the long term right call. But living in the here and now has never been anything I've done. Considering it vs. any sort of monthly payments.

What are opinions on this? Thanks Club!

hold those shares if any way possible...Best

 

[CyberFitch]

I'm contemplating selling $TSLA stock to pay for mine too. With interest rates so high Other People's Money isn't as attractive as it used to be. I officially retire next November so I'll have access to a bunch of retirement funds to replenish my shares and I have a suspicion that $TSLA shares won't be skyrocketing in 2024.

What are your $TSLA shares for? It they're integral for your retirement or college fund, I'd leave them be. If they're fun money... this kind of thing is what you're investing for anyway! Live a little!

Decisions, decisions...

You will learn to hate that truck if you sell the stock to purchase.

 

[Rutrow]

You will learn to hate that truck if you sell the stock to purchase.

I've had moments of hating my Model 3 SR+ because I paid cash for it. There were stock price levels at times when the lost opportunity costs from not getting a loan and buying $TSLA with my cash instead meant that my car cost me over $300,000

I've survived the buyer's remorse. I'm pretty quick at dismissing "what could've been"s

 

[charliemagpie]

In 3 years, I will sell maybe 20% of my yearly increase.

I will enjoy the eggs, but not kill the Chicken.

 

[Tiberius]

Simple financial advice - don't liquidate anything that earns you more money than a loan costs you.
On that basis its a no brainer - keep the shares, get the lowest cost loan you can.

[edit] just add I'm not a financial advisor and don't even play one on TV

 

[wanders]

Last night THE email came! WTF? I'm getting invited to purchase a Foundation Series Cybertruck?

Pretty sure going to all out and get the CyberBeast.

So, I'm now wondering if I should liquidate my entire Tesla portfolio to pay for it?

Obvi, the shares are the long term right call. But living in the here and now has never been anything I've done. Considering it vs. any sort of monthly payments.

What are opinions on this? Thanks Club!

I'm in a similar boat- have most of my money tied up in stocks. However at this rate, my rez probably won't be up for another few years, and I'm hoping my ESPP will be fat enough so I can liquidate my company's stock instead of my $TSLA. That said, I'm planning on the Dual Motor so I can get the tax credit also.

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