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

[scottyah]

sell all, buy cyberbeast!! By utilizing the rapid acceleration, the lack of bloodflow will cause cognitive impairments that, when aided by massive alcohol consumption, will eliminate all needs to save for retirement!

In all seriousness, you've not given us info to give any meaningful advice. I've bought the tesla stock knowing it would be used to help buy the truck.

Cybertruck can help you survive the apocalypse, will "shares" on the NYSE?

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[AlDente]

This is one of those if you have to ask, you probably shouldn't do it. As the person who purchased the "faberge egg" Tesla Model X vehicle built in 2018 that originally sold for $150K for $42K loaded including FSD and a warranty, I'd say hold em.
Mark my word, the Cybertruck will sell new for under $60,000 in 2025 (base model) and used ones will eventually go for considerably less than that.

The Foundation Series is for YouTubers and Business Owners purchasing what will soon be a rapidly depreciating asset and for wealthy spendthrifts who just want the attention getting factor of the Foundation Series Cybertruck. Many will unload them once resale value drops and no one pays any attention to their new toy. See the used purchase price of the Model X (and S) vehicles as the proof.

 

[carsly]

You can sell a chunk to put down a nice downpayment and, if you really believe in Tesla, buy some long-term call options - like two years out. Yes, you pay a time premium on the options but if you acquire out of the money calls today pricing is more attractive. Replicate your number of shares through option lots gives you the same (or more) upside while also freeing up cash today. If you're really bullish you can write puts on your remaining shares.

Note: this is not financial advice or a recommendation. You decide what you do with your money and investments. Trading options is not for weak stomachs and you must be comfortable with the idea of a 100% loss.

 

[HornedHelmet]

$10,000 of $TSLA stock bought in 2019 more than pays for CT in 2024. Setting up financing thru Tesla got me something like 6% APR.

Once I get a VIN, I will work with my banks to find a sweet spot for a lower APR. I will sell just enough $TSLA to make minimum down payment (to satisfy the loan terms I can negotiate) plus some more to pay the tax man. Then I will sell just enough shares of $TSLA each month to pay the loan payments.

I want to hold $TSLA shares as much as I can, because I am bullish on $TSLA, and think beating 6% APR by holding is the way to go, considering opportunity cost. (HODL) If $TSLA gets a shot in the arm, I might get ahead of the payments and sell more. If $TSLA goes down, then I'll keep my shares and try to make payments from other sources.

My kids don't want to go to college anyway (/s).

 

[Teslaman]

TSLA shares are finally back at the price I sold 600 shares at to pay for CT. It’s a good thing, Still holding >2000 shares.

 

[Mini2nut]

Tesla is just below $253 a share right now. Some experts predict $2k plus in 5-years due to Robotaxi, etc.

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