Rapid depreciation

[Cactusrick]

A sphincter says what?

new it ----

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[dalton108]

new it ----

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“Knew.”

- Scum sucking lawyer.

 

[getsometom]

Here's how I framed my decision prior to purchasing the FS CT.

The extra $20k for FS, while it comes with some things like FSD, is essentially paying for advanced depreciation with an understanding that the release of nonFS models will directly affect it's resale value. Unless there is a way to offset and/or justify the extra $20k, I'd be more financially responsible to wait for the nonFS CTs. BTW, the same goes for the new Model Y Launch Edition.

Unlike equities, vehicles are not investments. Vehicles are a liabilities. The up-swing in vehicle resale values was an anomaly during the pandemic in the history of all vehicle sales. I will not depend or rely on the resale value of a CT as part of my purchasing decision. There are other collector types of vehicles that can be treated as an investment but the CT isn't one of them at this moment.

Anyways, just my two cents, not financial advice.

 

[dalton108]

Here's how I framed my decision prior to purchasing the FS CT.

The extra $20k for FS, while it comes with some things like FSD, is essentially paying for advanced depreciation with an understanding that the release of nonFS models will directly affect it's resale value. Unless there is a way to offset and/or justify the extra $20k, I'd be more financially responsible to wait for the nonFS CTs. BTW, the same goes for the new Model Y Launch Edition.

Unlike equities, vehicles are not investments. Vehicles are a liabilities. The up-swing in vehicle resale values was an anomaly during the pandemic in the history of all vehicle sales. I will not depend or rely on the resale value of a CT as part of my purchasing decision. There are other collector types of vehicles that can be treated as an investment but the CT isn't one of them at this moment.

Anyways, just my two cents, not financial advice.

My personal decision-making was identical.

 

[Cactusrick]

“Knew.”

- Scum sucking lawyer.

yea and you missed correcting my your with you're - just love to see scum sucking liarwers like you corect my inuntemional mispellllings

 

[REM]

all of our cyber trucks have had a rapid depreciation due to the non Tesla related antics of its CEO.

Bro,

first off, this is patently untrue.

second, why don't you just come out and tell the truth. You don't want the truck anymore (for whatever reason, pick one), and you are grasping at straws to find a way out. New vehicles are not investments. I guess this is your lesson learned on that front.

p.s. - there are plenty of us out there who want to buy a Cybertruck even harder since Elon has been doubling down on Eloning here lately. I love it.

All electrons, no resistors.

 

[PungoteagueDave]

Elon had little to do with your depreciation. Several factors are at work and you should have known you’d eat the first $50k right up front. I just bought my first Cybertruck, but my fifth Tesla. It was the cheapest Tesla purchase so far. My ‘12 MS was $90k. Traded it in two years later for $29k. My ‘14 P85D was $136k. Traded it in 2019 for $26k (yep, $110k loss in under five years). My 2019 MX cost $120k, traded in for $85k in 2021. It “held” value because of the COVID used car craze, but today is worth maybe $25k.

We were on notice that the Foundation models were going to be surpassed with cheaper models that are other wise identical. I just paid $74k for my new dual motor CT two weeks ago after tax credit. We knew, or could have known, that’s this was coming, which is why I waited a year to buy the truck and receive the point-of-sale credit. Mine is now worth $60k after driving off the lot. So if you paid $120k for a CT one year ago, you’ve lost at least half your money. But that was in the cards on the day of purchase, Elon’s antic or not. I have spent well over $520k on Teslas since 2012. I received less than $175k in trade value on those cars, all within 5 years of purchase. But it has been a great ride, over 375k miles driven, and a life experience like no other, so well worth the cost.

 

[Leifmb]

This isn’t political per se. but as we all know, all of our cyber trucks have had a rapid depreciation due to the non Tesla related antics of its CEO. If I’d have known this is where we’d end up, despite the fact that I love my truck, I wouldn’t have bought it. Now I can’t get out of it because it’s worth less than I owe. Curios if any attorneys on here think there is a class in the making.

I

This isn’t political per se. but as we all know, all of our cyber trucks have had a rapid depreciation due to the non Tesla related antics of its CEO. If I’d have known this is where we’d end up, despite the fact that I love my truck, I wouldn’t have bought it. Now I can’t get out of it because it’s worth less than I owe. Curios if any attorneys on here think there is a class in the making.

i would say that vehicles in general are depreciating assets. They usually go down in value and rarely increase, at least in the short term! So, of you’re upset the potential future value is less than you paid, well, that’s the normal situation. So, in the long term future, if the truck is worth 10x what you paid, do you plan on sending some of the profits to Tesla, as a thank you?… Right, and that’s also the normal response-no!

 

[dalton108]

Bro,

first off, this is patently untrue.

I’m gonna need you to show your work there buddy. With all due respect, these trucks are going down like me on … checks notes … your mom! (What, I said with all due respect?)

 

[VAF84]

p.s. - there are plenty of us out there who want to buy a Cybertruck even harder since Elon has been doubling down on Eloning here lately. I love it.

All electrons, no resistors.

Funny because my wife called me out on this just yesterday. She‘s noticed that my consideration of swapping out for Tesla’s has turned into resolution to get a Tesla. Not that she’s pleased about it, but definitely aware of my shift and calling me out.

 

[dalton108]

yea and you missed correcting my your with you're - just love to see scum sucking liarwers like you corect my inuntemional mispellllings

No, I didn’t. I just decided to let that one slide! But, I kept the receipts!!!!

?????

 

[DoberManPin-Sure]

I don't think it's reasonable or rational to acknowledge and appropriately lament and condemn the material uptick in Tesla/CT vandalism, on the one hand, and, on the other hand, suggest that the value of our vehicles isn't being impacted by the same sentiments that are resulting in the vandalism.

In fact, I'd argue that the depreciation variable is likely more pronounced, not less, because many (almost certainly most) EM detractors aren't scumbag criminals who want to do harm to hardworking people's assets due to the words and deeds of the manufacturer's CEO. But, they sure as hell will "vote" with their pocketbooks.

I'm fortunate enough to not have to care about any accelerated depreciation, but I feel for the owners who do. All of us are at risk of suffering at the hands of the misguided vandals.

Relatedly, I'm considering investing in Tesla, but I don't think we've seen the bottom yet and won't as long as EM gleefully swings a chainsaw above his head, both literally and figuratively. (And that's not a political statement. If you want one from me it would be something along the lines of both major political parties suck! )

 

[TheWholeBrevityThing]

I don't think it's reasonable or rational to acknowledge and appropriately lament and condemn the material uptick in Tesla/CT vandalism, on the one hand, and, on the other hand, suggest that the value of our vehicles isn't being impacted by the same sentiments that are resulting in the vandalism.

In fact, I'd argue that the depreciation variable is likely more pronounced, not less, because many (almost certainly most) EM detractors aren't scumbag criminals who want to do harm to hardworking people's assets due to the words and deeds of the manufacturer's CEO.

I'm fortunate enough to not have to care about any accelerated depreciation, but I feel for the owners who do. All of us are at risk of suffering at the hands of the misguided vandals.

Relatedly, I'm considering investing in Tesla, but I don't think we've seen the bottom yet and won't as long as EM gleefully swings a chainsaw above his head, both literally and figuratively. (And that's not a political statement. If you want one from me it would be something along the lines of both major political parties suck! )

I think we saw the bottom earlier this week my friend. Things are going to ramp up very soon with Cybercab and Optimus production, let alone AI capabilities and unsupervised self driving inching closer. I bought a bunch of shares when they went on sale recently and have been watching them climb since.

Big things ahead for this company, despite the woke opposition.

 

[DoberManPin-Sure]

I think we saw the bottom earlier this week my friend. Things are going to ramp up very soon with Cybercab and Optimus production, let alone AI capabilities and unsupervised self driving inching closer. I bought a bunch of shares when they went on sale recently and have been watching them climb since.

Big things ahead for this company, despite the woke opposition.

GL with the investment. I hope you're right.

 

[Cactusrick]

No, I didn’t. I just decided to let that one slide! But, I kept the receipts!!!!

?????

.... good job

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