Tesla business discussion
12-29-22, 04:34 AM
#91
Apparently, this factor below is at play too.
Gone are the days when Teslas had great resale values.
Prices Of Used Teslas Drop Way Faster Than Those Of Other Brands (insideevs.com)
Gone are the days when Teslas had great resale values.
Prices Of Used Teslas Drop Way Faster Than Those Of Other Brands (insideevs.com)
Tesla's still hold their values like crazy while other EVs you will have hard time reselling at all.
Good example is end of that article and screenshot of someone complaining how 2019 M3 SR+ with 55k miles is now $33k, a $5k drop. That damn thing did not cost $40k when brand new. 3 years later it should be a $20k vehicle if not for Tesla + crazy used prices.
And yes, with Teslas rising production, why in the world would you overpay for used one? Their crazy resale value will continue to drop to match rest of the industry + Tesla factor since they are producing millions of vehicles now. Heck their next year plan will likely be around 1.8m vehicles or more, that is slowly but surely encroaching BMW/MB worldwide sales.
12-29-22, 05:09 AM
#92
Lexus Fanatic
iTrader: (20)
while the price of tesla stock has been very high for a long time, so a 'fall' was inevitable at some point, i don't think it has anything to do with 'weakness' of tesla, yet.
they're lowering production costs. they're ramping up production of the new bigger batteries, they still have the best charging network. there's some headwinds, and musk's twitter adventure doesn't help, but i think '23 will likely be an even bigger year for tesla. one concern i have is byd in china... they seem to be cranking. ford, gm, others still shipping in pretty tiny numbers.
they're lowering production costs. they're ramping up production of the new bigger batteries, they still have the best charging network. there's some headwinds, and musk's twitter adventure doesn't help, but i think '23 will likely be an even bigger year for tesla. one concern i have is byd in china... they seem to be cranking. ford, gm, others still shipping in pretty tiny numbers.
Last edited by bitkahuna; 12-29-22 at 08:41 AM.
12-29-22, 05:40 AM
#93
Lead Lap
The Plaid's have dropped this past year but that is no different than any flagship car. I've noticed over the years that any flagship or expensive model from a manufacturer typically drops like a rock probably because the market is much smaller. My Plaid has dropped in value over $30k since I bought it but I didn't expect it to hold its value anyway. For anyone looking for a Plaid the deals for a low mileage one are pretty good right now.
12-29-22, 06:02 AM
#94
Lexus Test Driver
Unlike many Tech stocks that admit they've never turned a profit and are basically a "Paper Tiger" (ponzi scheme in my opinion),,, -> Tesla has a real product. Just ideas.
12-29-22, 06:20 AM
#95
Lexus Fanatic
I am not concerned about Tesla long term, but they’re having a little bit of a moment right now and Musk has a lot to do with it (as usual)
12-29-22, 08:09 AM
#96
Lexus Champion
I'd like to personally thank all the people that panicked and sold off their Tesla shares I was able to pick up more at a steep discount.
12-29-22, 08:14 AM
#97
Lead Lap
12-29-22, 08:28 AM
#98
Lexus Fanatic
12-29-22, 08:28 AM
#99
Lexus Test Driver
What many people don't realize is there is money to be made when stocks go UP -and- when stocks DOWN.
Just takes some skill to ignore the circus cuz it's a distraction to lead the suckers to always be playing defense. lolol
12-29-22, 08:29 AM
#100
Lexus Fanatic
Exactly, if you buy a stock and never sell it you never make any money lol
12-29-22, 08:50 AM
#101
Lexus Champion
Tesla is far better equipped to fight a recession than for example Toyota. Tesla can drastically drop prices and still make a profit legacy auto is not so lucky in fact if Tesla really wanted to they could squeeze the living crap out of every other auto maker.
12-29-22, 08:52 AM
#102
Lexus Fanatic
Toyota will have no issues turning a profit either
12-29-22, 08:56 AM
#103
Lexus Champion
They have shrinking margins and $180 billion in long term debt. Toyota has yet to invest any significant cash into EVs they will have to do this while their sales numbers and hence cash flow drops.
Tesla has 3x margin of Toyota even though they have 2 factories that have barely started to ramp.
Tesla has 3x margin of Toyota even though they have 2 factories that have barely started to ramp.
12-29-22, 08:59 AM
#104
Lexus Fanatic
They have shrinking margins and $180 billion in long term debt. Toyota has yet to invest any significant cash into EVs they will have to do this while their sales numbers and hence cash flow drops.
Tesla has 3x margin of Toyota even though they have 2 factories that have barely started to ramp.
Tesla has 3x margin of Toyota even though they have 2 factories that have barely started to ramp.
12-29-22, 08:59 AM
#105
Lexus Test Driver
I've been following stocks for 30 years and have heard it rumored the biggest shareholders have "stolen" $$$Trillions of dollars from the millions of little guys with their circus.
My prediction(which means nothing of course, just a guess) is when the "winds change" aka the "media backs off musk and any negative publicity of Tesla" as they push and rally the "perceived" stock value back up to meet it's real value.
Just ideas and guesses...
PS- Lex2k- what you think is your prediction about Tesla either partnering or gobbling up other car mfg's that don't "cut the mustard" and could be facing bankruptcy in the future?
Such as once popular brands or models resurrected as a spin off from Tesla?
Last edited by Margate330; 12-29-22 at 09:02 AM.