You haven't lossed anything unless you plan to sell the car. People should buy cars because they provide transportation. If you drive it for 12 years and 300,000 miles. It will pay for itself.
I wont comment on what consumers "should" do but EV buyers in the US keep their vehicles for 3.6 years according to Reuters, also Teslas battery warranty is 8 years or 120,000 miles for their most popular vehicles Model 3 and Y
@@3pedalfredthis is because they’re a gimmick and it takes a few years for them to realize it’s a comical act and they go back to ICE vehicles. Bet no manufacturer wants to have that convo.
@@NOAARPC7the only problem with this theory is that it's really the federal govt whose forcing auto makers invest heavily in hybrids and EVs. I'm not sure why no RUclipsr talks about this but it's really the EPA with super aggressive emission standards that force fleets to go hybrid / EV. I do think that the EV wave will take a while especially bc we don't have the infrastructure yet. But I see a strong case for a flood of hybrids in the near future. Shit I would def rock out with a 1000hp hybrid supercar 🤣
Don’t think that’s really the point mate, imagine being underwater on a loan, because you bought a car and a year later the manufacturer dropped the price, tanking the secondary market. Say you financed a model 3, for 35k… Roll of the lot, and loose about $4000 dollars on depreciation immediately… A year goes by, and now you have a plate model that is a year old, that’s another, let’s say, 5k…. You now have a car worth around $27,000 Your note is principal plus interest, so you owe cost +8% (if you have good credit) So you have a loan for nearly 40k The manufacturer drops prices by 10k on this year’s plate model…. Immediately your vehicle is worth 10k less. So now you have a car, worth $17,000 If you have a monthly repayment of $250 you will have paid down $3000 Meaning you owe $37,0000 if you are lucky on…. In a year you will owe 34,000 on a car probably worth around 12-15k at that time…. All of this is assuming you had good credit, and didn’t have a loan with compounding interest, or worse, a lease….. No wonder people are pissed.
0:26 It’s deeper than what you think. It’s partly a strategy move. China is coming. Also tech is cheaper so he passes on the saving. Also to help others get approved for Federal Tax Credits and because the interest rate is so high. This is coming from an Ex Tesla employee
I understand the business strategy , whether I agree with it or not I won't really get into it here bc it's a bit outside of the context of the vid. All I'm really saying is the ppl who bought in 2022 got hit hard. I'm not so sure they all are happy with the pricing games , prob more so focused on their vehicles immense depreciation. Honestly a sub 30k Tesla kinds fixes all these problems so I'm still waiting on the affordable and popular EV. On average they all sell for north of 50k right now
it's because they keep lowering the price of the new cars. It's getting cheaper and cheaper to buy a new tesla. This is identical the bond market. If new bonds are issued that yield higher %, the value of your current bond is devalued.
.. well it would actually be beneficial for you to buy right now bc prices are so low, but for the ppl who bought in 2022... 🤣 Yikes , that's a huge hit to take
Why you should not buy a Tesla: (1) Tesla itself has put out a Tesla Impact Report that shows that over 5 years Toyota Camry costs a $6600 LESS than than Tesla Model 3. This is taking into account initial price + gas vs electricity + maintenance. (2) On top of that, after 5 years when you decide to sell Camry, you will get much more money back than you would with Tesla 3. (3) The hassle of range anxiety and waiting for it to charge. The only reason you should buy a tesla is because the tech wizardry makes you feel good. Moneywise, it is a losing proposition.
I agree mostly with this , I will say I think as EVs become significantly more prominent and charging infrastructure gets better I think EVs will start making alot more sense for certain ppl. As more vehicles are produced and the cost of the battery comes down , I think a sub 30k model will be widely popular
Tesla has the highest profit margin in their cars… they raised their prices to coincide with the price inflation why not make more money… then lowered prices to match economic needs… remember they only make cars if they are ordered… you need to talk about Ford and Chevy Rivian or Lucid if you want to talk about numbers… Rivian sold like 15k in q3 2023 while having a negative profit margin… Lucid produced 1500 vehicles… I believe Tesla delivered 435k cars in q3 alone… not really seeing too much of a problem there… still leading the way in EV market… just some info for you… 👍🏽
Tesla very well run company with groundbreaking innovation, but doesn't change the fact that Tesla owners who bought their cars a year ago are pissed 🤷🏾♂️ (i.e. see backlash and outrage in China over vast price drops)
@@3pedalfred lol its only a loss if you sell the car… bought two myself MXP and M3… Am I pissed nah… I just feel sorry for all the corvette owners and other car manufactures that placed big markups 10 to 50k above MSRP… I’ve bought many cars not going to the gas pump for me is a win… yeah my cars are worth half the price but who cares… was never going to to turn a profit on my cars anyways… I never pay for charging because it’s free at the places I work… I say as long as your happy with your car then you’re a winner… but would be nice if it did hold value…lol I’m going to try to make the loss up in Tesla stock lol
@@ijgrlove that you are investing I too own Tesla stock . I'm happy for ppl if they enjoy their purchase I can dig that. However purely from an objective non emotional POV (NOT saying you are emotional) it's a tough pill to swallow for consumers to absord that type of depreciation. You are correct that cars are inherently depreciating assets unlike stock but specifically with EVs it's a tough loss bc Americans only hold EVs for 3.6 years on average before selling. So while I do understand you were gonna lose money anyway it's prob better when your car doesn't depreciate by 44% in 1 Year vs 20-30% (average depreciation of new car)
You haven't lossed anything unless you plan to sell the car. People should buy cars because they provide transportation. If you drive it for 12 years and 300,000 miles. It will pay for itself.
I wont comment on what consumers "should" do but EV buyers in the US keep their vehicles for 3.6 years according to Reuters, also Teslas battery warranty is 8 years or 120,000 miles for their most popular vehicles Model 3 and Y
@@3pedalfredthis is because they’re a gimmick and it takes a few years for them to realize it’s a comical act and they go back to ICE vehicles. Bet no manufacturer wants to have that convo.
@@NOAARPC7the only problem with this theory is that it's really the federal govt whose forcing auto makers invest heavily in hybrids and EVs. I'm not sure why no RUclipsr talks about this but it's really the EPA with super aggressive emission standards that force fleets to go hybrid / EV. I do think that the EV wave will take a while especially bc we don't have the infrastructure yet. But I see a strong case for a flood of hybrids in the near future. Shit I would def rock out with a 1000hp hybrid supercar 🤣
Don’t think that’s really the point mate, imagine being underwater on a loan, because you bought a car and a year later the manufacturer dropped the price, tanking the secondary market.
Say you financed a model 3, for 35k…
Roll of the lot, and loose about $4000 dollars on depreciation immediately…
A year goes by, and now you have a plate model that is a year old, that’s another, let’s say, 5k….
You now have a car worth around $27,000
Your note is principal plus interest, so you owe cost +8% (if you have good credit)
So you have a loan for nearly 40k
The manufacturer drops prices by 10k on this year’s plate model….
Immediately your vehicle is worth 10k less.
So now you have a car, worth $17,000
If you have a monthly repayment of $250 you will have paid down $3000
Meaning you owe
$37,0000 if you are lucky on….
In a year you will owe 34,000 on a car probably worth around 12-15k at that time….
All of this is assuming you had good credit, and didn’t have a loan with compounding interest, or worse, a lease…..
No wonder people are pissed.
THIS GUY GETS IT. You hit the nail on the head fam 🎯
0:26 It’s deeper than what you think. It’s partly a strategy move. China is coming. Also tech is cheaper so he passes on the saving. Also to help others get approved for Federal Tax Credits and because the interest rate is so high. This is coming from an Ex Tesla employee
I understand the business strategy , whether I agree with it or not I won't really get into it here bc it's a bit outside of the context of the vid. All I'm really saying is the ppl who bought in 2022 got hit hard. I'm not so sure they all are happy with the pricing games , prob more so focused on their vehicles immense depreciation. Honestly a sub 30k Tesla kinds fixes all these problems so I'm still waiting on the affordable and popular EV. On average they all sell for north of 50k right now
it's because they keep lowering the price of the new cars. It's getting cheaper and cheaper to buy a new tesla. This is identical the bond market. If new bonds are issued that yield higher %, the value of your current bond is devalued.
You are 10,000% correct ‼️ Nailed it.
So, what used Tesla models have the largest price slash? I want to buy one of the main 3 models this year.
.. well it would actually be beneficial for you to buy right now bc prices are so low, but for the ppl who bought in 2022... 🤣 Yikes , that's a huge hit to take
Yeah i dont trust what youre saying at all. You are not smart.
Appreciate the love my boy !
The 7500 tax credit is deceiving
It def can be !
Thats what happens when you buy an emerging brand prices go down as the company gets bigger and starts making more product for better prices
Well said
Why you should not buy a Tesla: (1) Tesla itself has put out a Tesla Impact Report that shows that over 5 years Toyota Camry costs a $6600 LESS than than Tesla Model 3. This is taking into account initial price + gas vs electricity + maintenance. (2) On top of that, after 5 years when you decide to sell Camry, you will get much more money back than you would with Tesla 3. (3) The hassle of range anxiety and waiting for it to charge. The only reason you should buy a tesla is because the tech wizardry makes you feel good. Moneywise, it is a losing proposition.
I agree mostly with this , I will say I think as EVs become significantly more prominent and charging infrastructure gets better I think EVs will start making alot more sense for certain ppl. As more vehicles are produced and the cost of the battery comes down , I think a sub 30k model will be widely popular
You should research more. Most of the info you went over is off. Plenty of Tesla channels out there that could provide more accurate data.
Appreciate the support my boy !
Tesla has the highest profit margin in their cars… they raised their prices to coincide with the price inflation why not make more money… then lowered prices to match economic needs… remember they only make cars if they are ordered… you need to talk about Ford and Chevy Rivian or Lucid if you want to talk about numbers… Rivian sold like 15k in q3 2023 while having a negative profit margin… Lucid produced 1500 vehicles… I believe Tesla delivered 435k cars in q3 alone… not really seeing too much of a problem there… still leading the way in EV market… just some info for you… 👍🏽
Tesla very well run company with groundbreaking innovation, but doesn't change the fact that Tesla owners who bought their cars a year ago are pissed 🤷🏾♂️ (i.e. see backlash and outrage in China over vast price drops)
@@3pedalfred lol its only a loss if you sell the car… bought two myself MXP and M3… Am I pissed nah… I just feel sorry for all the corvette owners and other car manufactures that placed big markups 10 to 50k above MSRP… I’ve bought many cars not going to the gas pump for me is a win… yeah my cars are worth half the price but who cares… was never going to to turn a profit on my cars anyways… I never pay for charging because it’s free at the places I work… I say as long as your happy with your car then you’re a winner… but would be nice if it did hold value…lol I’m going to try to make the loss up in Tesla stock lol
@@ijgrlove that you are investing I too own Tesla stock . I'm happy for ppl if they enjoy their purchase I can dig that. However purely from an objective non emotional POV (NOT saying you are emotional) it's a tough pill to swallow for consumers to absord that type of depreciation. You are correct that cars are inherently depreciating assets unlike stock but specifically with EVs it's a tough loss bc Americans only hold EVs for 3.6 years on average before selling. So while I do understand you were gonna lose money anyway it's prob better when your car doesn't depreciate by 44% in 1 Year vs 20-30% (average depreciation of new car)
Great! I can pick up a tesla for a great price new or used
Indeed , great for new buyers , terrible for ppl who purchased their Teslas in 2022 lol
Not true, I sold my Cybertruck for $500k.
🤣
that's why I refuse to buy a brand new car
It's honestly a very questionable financial decision. I used to be a new car buyer , as I got older I realized I was just throwing away money 🤣
When you do your taxes, you can tell them about depreciation to get a tax break
That is only true if you own a business and use Tesla for business purposes. Not true for most Tesla buyers who use it for personal transportation.
Nice work
Really appreciate the love , thank you ! 🙇🏾♂️