08-19-2023, 06:21 PM | #3631 |
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No servicing needed? EV's not that an easy choice as Scotty explains
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08-20-2023, 08:56 AM | #3632 | |
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The whole thing is a sham Last edited by AmuroRay; 08-20-2023 at 05:05 PM.. |
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08-20-2023, 12:27 PM | #3633 |
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Yes!!! Keep my T stock rising😂. Feel bad for people who did not buy Tesla stock. Weather you love /hate things, should t stop you from making tons of free cash. To the Moon baby. Ha ha
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08-20-2023, 01:35 PM | #3634 | |
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You’re not keeping Tesla afloat - someone bigger (the US government) is actually doing so. You’re not playing the system, they system is playing us. They have been injecting capital and keeping Tesla afloat by boosting the stock (worth More than Toyota? How?) and crafting legislation to benefit Tesla. It’s ridiculous |
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08-20-2023, 02:17 PM | #3635 |
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Wow you really got me there, nice “I’m rubber, you’re glue” comeback. Like I said before, I’m comfortable arguing with toddlers. I don’t respect their opinions on nuanced topics though as toddlers generally lack critical thinking skills. You and my son have a lot in common, is it the senility from old age?
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08-20-2023, 02:28 PM | #3636 |
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Went to three hospitals this weekend rounding. It’s been busy but the pleasure of driving my S Plaid made it fun. None of the hospitals burned to the ground fortunately.
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08-20-2023, 03:14 PM | #3637 |
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Putting it bluntly you won't know when, you won't know where and it may not even happen tp you but keeping EVs outside as far as possible from any buildings when parked and especially when charging is the best advise I can offer.
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///M Power-Belgium72528.50 |
08-20-2023, 03:24 PM | #3638 |
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08-20-2023, 03:59 PM | #3639 |
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08-20-2023, 04:41 PM | #3640 | |
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The Chinese are best placed to provide the goods. From what I've seen their EV products are actually better in many cases. In many cases like lotus and MG they are buying up local firms and selling supremely well. The whole thing is so artificially regulated its a ponzi scheme and I've posted the share prices chart that's crazy volatile over the past 3 years. |
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08-20-2023, 05:39 PM | #3641 | |
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Well with the stock. Makes no difference to me what keeps it rising. Lol. 🤑🤑 |
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08-20-2023, 06:20 PM | #3642 |
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///M Power-Belgium72528.50 |
08-20-2023, 06:51 PM | #3643 | |
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08-20-2023, 07:48 PM | #3644 |
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The fact that Tesla has had to cut it's own throat to grease the skids to move product it overproduces and to defend itself from competition doesn't bode well for it's long term stock value position.
It's down about half of from it's all time peak, and has had many boom/bust cycles in the last few years since then. Not the sign of a healthy business model. Some will make money off this, some will lose. At the end of the day, they have probably more federal $$ in their business (tax credits) than any in the history of the market. Kinda hard to lose money when you get free government money. And yet even with that they are still down 48% from their peak. This sort of thing isn't good for business viability either: Tesla is leading a large drop in used electric car value in the US – with Model 3 being down 30% over the last year. Top 10 Used Cars With the Greatest Year-over-Year Price Drops (June 2022 vs. June 2023) – iSeeCars Study Rank Model Average Price (June 2023) $ Price Change from June 2022 % Price Change from June 2022 1 Tesla Model 3 $37,023 -$16,258 -30.5% 2 Tesla Model X $70,158 -$18,980 -21.3% 3 Nissan LEAF $22,504 -$5,354 -19.2% 4 Tesla Model S $64,938 -$15,212 -19.0% 5 Land Rover Range Rover $75,481 -$17,095 -18.5% 6 Land Rover Range Rover Velar $46,269 -$9,783 -17.5% 7 Land Rover Discovery $40,986 -$8,255 -16.8% 8 Hyundai Ioniq Hybrid $20,148 -$3,893 -16.2% 9 Jaguar E-PACE $33,213 -$6,401 -16.2% 10 BMW 5 Series (PHEV) $33,607 -$6,170 -15.5% National Average $32,811 -$1,237 -3.6% https://electrek.co/2023/07/11/tesla...del-3-down-30/ holding 3 of the 4 top worst value drops of -any- kind of car, EV or otherwise That's quite an accomplishment. The retained value party for used Teslas is over, and owners have Tesla itself to blame for that. Something else to keep in mind: being segment leader does not always equate to being profitable. Tesla did this to hold it's position, but did so at the expense of all it's existing customers (and their equity), and it's own bottom line. I expect this to weigh down the stock in the long term, even with all the peaks and valleys that will occur from natural speculation and profit taking activities. |
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08-20-2023, 07:50 PM | #3645 | |
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08-20-2023, 07:58 PM | #3646 | |
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08-20-2023, 08:05 PM | #3647 | |
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Sustainable? No. You aware of inventory problems Tesla has been having? Making product no one wants, and having to sell at a discount to move product only looks good on paper in the short term. Most other OEM's are cutting EV production to defend their economic bottom line. Tesla has a "fucking who cares? send it !" answer to the EV demand problem. They have this attitude because they aren't adequately diversified in the marketplace. It's their only play to make. As market for EV's goes flat, what is their "plan B?" Normally you might see a "plan B" look something like innovation or releasing a new product, but they have a history at failing on that front. They are quickly headed to has-been status, and are adding on to that with the added insult of a sense of "cheapness" to their value. If Diluting their market position to increase volume and defend position was such a great idea, why don't Ferrari and Porsche do the same? And yet Porsche and Ferrari are profitable and stable. Tesla has changed it's strategies, my concern is that this been a bad change, and current owners will lose more than anyone. |
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08-21-2023, 05:33 AM | #3648 | |
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08-21-2023, 06:52 AM | #3649 | |
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08-21-2023, 02:30 PM | #3650 | |
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Duly noted, but if you care about that profit you have made, you might want to start taking notice of these factors so you can get out at the next peak. Each peak was less than the prior peak going back several years, and lacking some new breakthrough which seems unlikely as of late, they are facing a declining market position (as evidenced by their recent drastic actions). This is not a tesla-bash reply, it's a comment to help you maximize your return. I don't care, I have no holdings in Tesla and don't plan to any time soon. A stock only makes you a profit when you sell, and only when you sell for a profit at that. Last edited by chad86tsi; 08-21-2023 at 03:12 PM.. |
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08-21-2023, 02:49 PM | #3651 |
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The Prices of Used Electric Cars are Frefalling
While the average used vehicle’s value fell 3.6% during June 2023, the price of the average used EV plummeted 29.5%. In May, the same number dropped 28.9%. And in April, it fell 24%. It is safe to say that used EV prices are in freefall. The price of a one-to-five-year-old Tesla Model 3 is 30.5% lower than it was this time last year. What are these complaints? That current battery technology (lithium-ion) makes electric vehicles expensive, heavy, lacking range, and quick to wear out. On top of that, lithium mining is reportedly contributing to environmental degradation and human rights abuse. Certain experts say we should have waited for one of the many other emerging battery chemistries to mature before going all-in on EVs. https://www.msn.com/en-us/autos/auto...ng/ar-AA1fubCr |
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08-21-2023, 03:04 PM | #3652 |
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Good article, nice chart but choosing a Ford F150 is stacking the deck in favor of EV's
Is it cheaper to refuel your EV battery or gas tank? We did the math in all 50 states. The basic argument is that electricity prices are so high it has erased the advantage of recharging over refilling. This cuts to the heart of why many people buy EVs, according to the Pew Research Center: 70 percent of potential EV buyers report “saving money on gas” as among their top reasons. The winner? The EV — barely. The savings were modest because of the substantial premium for using fast chargers, typically three to four times more expensive than charging at home. https://www.washingtonpost.com/clima...e-vs-gasoline/ Adding pending EV road taxes. Higher tire wear for EV's . Higher depreciation for EV's and the answer is quite different. |
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