This is wonderful! I think I will buy a bunch of them and sell them when people stop basing their car purchainsc decisions on tertiary concerns. But its an absolute banger time to get a great deal if true.
Its didn't get down to my "buy" criteria but mine is set way to low because I am a coward. It is already back up alot. Also...the whole stock market is crashing for lots of reasons some of which are political and in the context of that Tesla has not been impacted dramatically more than others. Humans are fickle and irrational and some are additionally stupid, emotional, and violent. But over time I think Tesla will do ok if their CEO can focus on Tesla.
To that point, at least wait until after this summer, before you take a huge loss. If Elon is correct about Robotaxi network, the truck should be able to generate income for you as a ride/haul share. If that is the case, talk to your qualified tax attorney. Any ride share should be in an LLC. If you create an LLC, you may be able to sell your used cybertruck to your LLC, and claim section 179. That will mean the first $70 to $100K in revenue will be tax free, as immediate depreciation.
The Cheapest Cybertruck on Carvana right now is $83,500Don't mean they are selling. And that price is not the same as what they would give you for it, unless you try to do it privately.
Extreme ridiculous example right here (Carvana updated their offer for my Beast): I just checked again, its $43k now since March 2.
So after speaking to my legal attorney, she said that going against Tesla would be a waste of money and time. It is also not something that Elon Musk is trying to do personally. This is just a glorification of people who have nothing better to do than to try and destroy and mock a vehicle that is actually helping our environment.
Yes. I said something similar. However, that is based on facts on the ground today and the way that they are likely to develop. This assessment could change so as I said, “colorable.”
stock price is way up, $275 today, could had mad $40 a share is a week.
most vehicle depreciate 20% when you drive them off the lot.
LOL, this is silly.
I don’t think anyone could’ve predicted the rapid depreciation on the vehicles (because of “you know what”). It’s reasonable to expect the vehicle to depreciate at a rate that’s equal to other EV’s on the market. Even more so than mainline Tesla vehicles, the Cybertruck is experiencing almost unprecedented depreciation… I suppose next to a Fisker it’s better but other than that it’s pretty disappointing. Class action disappointing? Maybe. That’s for lawyers to decide.
The Cybertruck IS depreciating at a faster rate than other electric vehicles (EVs) and even its pickup truck category peers. Over five years, the Cybertruck is projected to depreciate by 59.5%, compared to 43.7% for all cars and 37.7% for pickups in general[1]. Additionally, Tesla vehicles overall are reported to be losing value three times faster than other brands, with the Cybertruck experiencing significant year-over-year drops in resale value[3]. Early reports also indicate that some Cybertruck models have lost up to 40% of their value within the first year[4].
