Rapid depreciation

[Cactusrick]

fortunately my tesla stock paid for my CT. I'm a grateful early investor just like i was an early reservation for the truck. I've really never once considered the current value of the truck because i don't plan on ever getting rid of it. if it ends up being a no longer in production DeLorean, fine. if they end up being all over the road for 50k, fine. i guess my mind doesn't consider "how can i sue someone to make me whole again on decisions i regret" under any circumstance. i own my decisions regardless of outcome. i also couldn't be happier with the truck. with the FSD, with my stock, with Elon and his decisions to buy twitter and get involved in politics because i agree with him on all fronts. i also didn't care when he was a Dem. in the end you like the truck/car or you don't. if you made yourself car poor and the payments are hard, and the depreciation gives you no out, I'm sorry. that sucks. Not wishing ill towards anyone. but it was your choice to buy and there was never a guarantee on what the truck would be worth in a year, two years, ever. i don't think anyone should have bought it as an investment though. that would indicate that you aren't aware of how poor the decision to buy a new car is from a financial standpoint.

Thank goodness my Cybertruck is appreciating in value and continues to do so. Yours can too, simply don't sell your truck, in fact if no one sells their truck then the only way to get one is new from Tesla. If someone wants to buy your truck tell them you will only sell it for 1.5x or 2x or 10x what you bought it for. If they buy it then great, resale prices are up. If they won't buy it then don't sell it and again resale prices stay high. What was that we learned? supply and demand? There is a very limited supply of Halo Cybertrucks with my exact modifications to them, in fact as I understand it, there is a market of 1 and that 1 is not for sale, thus the truck continues to appreciate in value as I appreciate driving it.

Hell yeah, that’s the spirit! This is my final ride, my last big rig after a lifetime of trucks and Suburbans. My Foundation Series Beast is one of maybe 4,000 out there—I like to keep great things like my trusty 2002 EXT Escalade truck with 160,000 miles, it's still kicking like a stubborn mule. But the CyberBeast? That’s a whole new monster. I thrash it off-road every week, and it prowls like a tank on cruise control at 5mph, gobbling up bumps and rocks like a drunk uncle at a buffet. Sand? Psh, it doesn’t even need me to air down—it glides through that crap like a stick of butter on a hot skillet. It’s rocking some Arizona pinstriping (aka desert scars) 2 of it's "remove before off-roading" flaps are gone and a rear bumper ding that says, “Yeah, I’ve lived a little. My last ride and my best ride...

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[RAY INGRASSIA]

How many folks truly make the personal decision to purchase a new vehicle based on it's depreciation when taken out of the showroom? If that's a concern, you should never buy a unique, high end vehicle.

 

[C - Wave]

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.

Interested in selling ... at a fair price for both of us? What version CT do you own?

 

[shosokyu]

Interested in selling ... at a fair price for both of us? What version CT do you own?

I have the FS Beast. Wrapped in matte black.

And maybe. It’s been interesting watching the hate and derision for this thread. I figured I’d touch a nerve. Here’s what people don’t get:
1) it was a question not a declaration of intent
2) I do think there will be a class formed, though more likely not about depreciation though I can see an attempt made
3) I love my truck. Best vehicle I’ve ever driven let alone owned.
4) recalling when I took possession of the truck that I was early enough it appreciated when I drove it off the lot but of course I anticipated the eventual depreciation. Just not at the current rate which has been well documented.

So for all you haters out there, kindly fuck off. You read into the question what you wanted to with little to no detail and certainly no questions back.

Meh, usually these boards are better about policing the and asking questions from an OP to figure out the untyped context.

Cheers haters!

 

[Crissa]

Meh, usually these boards are better about policing the and asking questions from an OP to figure out the untyped context.

What was the question, then?

Because as established, the depreciation is near the industry average for a vehicle.

-Crissa

 

[dalton108]

I have the FS Beast. Wrapped in matte black.

And maybe. It’s been interesting watching the hate and derision for this thread. I figured I’d touch a nerve. Here’s what people don’t get:
1) it was a question not a declaration of intent
2) I do think there will be a class formed, though more likely not about depreciation though I can see an attempt made
3) I love my truck. Best vehicle I’ve ever driven let alone owned.
4) recalling when I took possession of the truck that I was early enough it appreciated when I drove it off the lot but of course I anticipated the eventual depreciation. Just not at the current rate which has been well documented.

So for all you haters out there, kindly fuck off. You read into the question what you wanted to with little to no detail and certainly no questions back.

Meh, usually these boards are better about policing the and asking questions from an OP to figure out the untyped context.

Cheers haters!

I thought it was pretty clear what you were asking. Not sure why everybody decided to decide that (1) you were a moron, (2) you couldn’t afford your car and (3) wanted to get out of it. Some object idiot is going to block “what you said and try to shoehorn their preferred narrative into the words that you used but none of that was implicit what you were asking. And for fucks sakes you don’t have to be a lawyer to figure out what you were saying. Probably would help if you were to give an answer - but nobody seemed to care about that part! It was just a good opportunity for them to vent their spleens and virtue signal.

Hostile, reactionary, and silly. Many of these gentlemen act like they’re in they’re getting paid to police thought and shut down descent like it’s not allowed. But when that’s how your whole squad rolls I guess that’s what you do. It’s a whack-a-doo vision of freedom that I will have no part of!

Ain’t never gonna be stopped from enjoying my vehicle by some loser on the left confusing vandalism with protest OR some loser on the right thinking they can control the narrative and reality by policing the words people get to use or which opinions are acceptable to have.

NEVER GONNA HAPPEN!

Very curious group of people here sometimes!!!

I just always use these opportunities to weed out folks that I don’t want to interact with. So, thanks for the help with the garden tending! ?

Kudos to you friend!

 

[Pimoli]

I can see Cybertruck becoming a classic car. The best way to beat depreaciation is to keep the car for at least 3 years.
The depreaciation would have been the same regardless of the car if you didnt put much down. Drive the car to consume the depreaciation

My only concern with My CT is insurance.. i feel like they will see CT as a real liability to insure. Anyone feel the same or different about the insurance?

 

[SCTesla]

The thing is getting the most backlash is that there is no rapid depreciation in sale price. There's no real limitations for you to buy and Tesla isn't going to buy it back from you.

It sounds like you don't appreciate the backlash against owning it and feel that a lawsuit to recoup full cost is the solution. If that's not what you mean, elaborate on that, because these are current prices and they are selling. Someone sold theirs 2 days ago for 75k with 15,000 miles...you can get a new one for 80k. That's almost 0 depreciation.

If you thought the FS pricing would hold, that's a misstep on your part. It was an early adopter package.

 

[dalton108]

The thing is getting the most backlash is that there is no rapid depreciation in sale price. There's no real limitations for you to buy and Tesla isn't going to buy it back from you.

It sounds like you don't appreciate the backlash against owning it and feel that a lawsuit to recoup full cost is the solution. If that's not what you mean, elaborate on that, because these are current prices and they are selling. Someone sold theirs 2 days ago for 75k with 15,000 miles...you can get a new one for 80k. That's almost 0 depreciation.

If you thought the FS pricing would hold, that's a misstep on your part. It was an early adopter package.

I don’t understand why you’re ignoring what has been already explained. I wonder in your world, do events show up in pricing within hours of the occurrence … like in car sales? Is your argument that the security risks we are now all facing are irrelevant and will not affect sales price?

What you want to say is Elon is infallible, there is nothing that he can do that would affect Tesla as a brand. No evidence that you could ever present would convince me that he’s had an impact, and even if you could, I would argue that that’s OK because there are millions of us to replace these prior buyers and it’s kind of irrelevant.

Just say that! Stop acting like you’re engaging in good faith. ?

 

[SCTesla]

I don’t understand why you’re ignoring what has been already explained. I wonder in your world do events show up in pricing with an hours of the occurrence like in car sales? Is your argument that the security risks we are now all facing are irrelevant and will not affect sales price?

What you want to say is Elon is infallible, there is nothing that he can do that would affect Tesla as a brand. No evidence that you could ever present with convince me that he’s had an impact and even if you could I would argue that that’s OK because there are millions of us to replace these prior buyers and it’s kind of irrelevant.

Just say that! Stop acting like you’re engaging in good faith. ?

The prices have not dropped like the original claim.

If it's the concern about polarization. I disagree with the company offering money back due to their insecurities or perceived safety.

It's not bad faith, it's that I completely disagree with the premise and many do as well. The CT was polarizing before Elon went crazy. The right hated it, now the left hates it. If some cannot tolerate that, the used market is REALLY good. They have the option to sell.

How is that irrational or acting in bad faith?

You know from our discussions I do not agree with Elon and think both extremes are ridiculous, but I have no fears with my truck. All Teslas are polarizing and the CT from day 1, many years ago, was hated by more than loved it. It's been called a dumpster, a bro vehicle, a rich douche toy...I knew that going in. I feel that if others didn't, they didn't read the room. I don't believe the company has any responsibility for that misstep.....ESPECIALLY since the used market is really favorable.

It's odd that you even tried to say Elon is infallible when I was warned for mocking those who blindly defend him. You even agreed with me. Some here are absolute Tesla/CT homers, but you know that isn't me.

 

[dalton108]

The prices have not dropped like the original claim.

If it's the concern about polarization. I disagree with the company offering money back due to their insecurities or perceived safety.

It's not bad faith, it's that I completely disagree with the premise and many do as well. The CT was polarizing before Elon went crazy. The right hated it, now the left hates it. If some cannot tolerate that, the used market is REALLY good. They have the option to sell.

How is that irrational or acting in bad faith?

You know from our discussions I do not agree with Elon and think both extremes are ridiculous, but I have no fears with my truck. All Teslas are polarizing and the CT from day 1, many years ago, was hated by more than loved it. It's been called a dumpster, a bro vehicle, a rich douche toy...I knew that going in. I feel that if others didn't, they didn't read the room. I don't believe the company has any responsibility for that misstep.....ESPECIALLY since the used market is really favorable.

It's odd that you even tried to say Elon is infallible when I was warned for mocking those who blindly defend him. You even agreed with me. Some here are absolute Tesla/CT homers, but you know that isn't me.

The CT was polarizing because of its design brutal nature and because many were complaining that it really wasn’t good for the environment because it used so much energy that it was irrelevant. It had the exact same complaints, in that regard, that people had about the hummer EV.

If you say I’m painting you with too broad a brush, I’ll relent. But it seemed like you were dancing around the issue.

If you’re just saying that the prices haven’t dropped enough for this to be a realistic concern I would simply add to that … yet. I just don’t think that that’s going to be shown in data since the beginning of this week when things started getting amped up to the next level.

But when my daughter and her partner who have two Teslas are now talking about getting rid of them because of events from earlier this week. And other people are dumping their Teslas left and right because they are concerned about threats risks docking etc. whether legitimate or not that’s going to have an impact and you have to be crazy to think that it won’t.

Talk to me about the numbers in two weeks.

 

[Gigahorse]

How many folks truly make the personal decision to purchase a new vehicle based on it's depreciation when taken out of the showroom? If that's a concern, you should never buy a unique, high end vehicle.

100%
really shouldn't buy a new vehicle if you are worried about deprecation as it takes the biggest drop in the first day

 

[shosokyu]

I thought it was pretty clear what you were asking. Not sure why everybody decided to decide that (1) you were a moron, (2) you couldn’t afford your car and (3) wanted to get out of it. Some object idiot is going to block “what you said and try to shoehorn their preferred narrative into the words that you used but none of that was implicit what you were asking. And for fucks sakes you don’t have to be a lawyer to figure out what you were saying. Probably would help if you were to give an answer - but nobody seemed to care about that part! It was just a good opportunity for them to vent their spleens and virtue signal.

Hostile, reactionary, and silly. Many of these gentlemen act like they’re in they’re getting paid to police thought and shut down descent like it’s not allowed. But when that’s how your whole squad rolls I guess that’s what you do. It’s a whack-a-doo vision of freedom that I will have no part of!

Ain’t never gonna be stopped from enjoying my vehicle by some loser on the left confusing vandalism with protest OR some loser on the right thinking they can control the narrative and reality by policing the words people get to use or which opinions are acceptable to have.

NEVER GONNA HAPPEN!

Very curious group of people here sometimes!!!

I just always use these opportunities to weed out folks that I don’t want to interact with. So, thanks for the help with the garden tending! ?

Kudos to you friend!

Likewise. It’s a silly world. And always happy to help out. I left out my favorite aspect of this. People again assume that it’s about being underwater on value to loan, which I am. But I will say that I’m doing better on my investments, even now, than the rate of my loan. So would I have preferred to put enough cash down so I wasn’t in this boat (which I could have but why flaunt that like others have) l - no, that would have been stupid of me. Hmmm….

 

[dalton108]

The CT was polarizing because of its design brutal nature and because many were complaining that it really wasn’t good for the environment because it used so much energy that it was irrelevant. It had the exact same complaints, in that regard, that people had about the hummer EV.

If you say I’m painting you with too broad a brush, I’ll relent. But it seemed like you were dancing around the issue.

If you’re just saying that the prices haven’t dropped enough for this to be a realistic concern I would simply add to that … yet. I just don’t think that that’s going to be shown in data since the beginning of this week when things started getting amped up to the next level.

But when my daughter and her partner who have two Teslas are now talking about getting rid of them because of events from earlier this week. And other people are dumping their Teslas left and right because they are concerned about threats risks docking etc. whether legitimate or not that’s going to have an impact and you have to be crazy to think that it won’t.

Talk to me about the numbers in two weeks.

I tried to put some numbers to this so that there's something to compare that's reasonable so that this isn't just esoteric nonsense. I asked ChatGPT 4.5 to do some comparisons and then put it in a table for me to share here. Feel free to attack any assumptions or methodology. This is not perfect but there's a non-trivial difference between the way these two trucks have depreciated. This doesn't mean causation exists, but I don't think this is gonna get better for the Cybertruck or any Tesla over the next couple of weeks. It'd be great if we could have a discussion about the data without the politics, but I just don't think it's possible I'm up for it if anybody else wants to try.

It's funny (at least to me) how you can see it repeating my last instruction just above the table!

NOTE: I can already see one significant error. It didn't include cyber beast in the data or if it did it wasn't clear about it. Anybody's welcome to run this on their own AI or whatever Grok, if you think it's gonna be somehow more fair.

 

[shosokyu]

What was the question, then?

Because as established, the depreciation is near the industry average for a vehicle.

-Crissa

Except it’s not? See other post to the contrary. If you have alternate facts, post them.

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