I was wondering what the end result would be for Tesla owners with all the instability last year, with regards to used Tesla sales prices. Turns out, depreciation is really bad, the worst of 3 out of any car measured by JD Power!
Jd powahhhhh
JD Power overwhelming [https://media1.tenor.com/m/Vq4TN1X-7QUAAAAd/power-overwhelming.gif](https://media1.tenor.com/m/Vq4TN1X-7QUAAAAd/power-overwhelming.gif)
Fortunately, Tesla is no longer an auto company. Elon announced today they will be building satellites on the moon.
The 5 year total cost to own a Y is twice the cost (30K more!) than owning a Hybrid Camry and almost that much more than owning a Rav4 and other reasonable vehicles.... Yet - people swear they are "saving money". Source: [caredge.com](http://caredge.com)
GAWD. That scans, though. I'm a hybrid stan, PHEVs are my favorite but any will do. If you need reliable, safe, and green(er), they're a great solution for tons of households in minimally infrastructurally-built-up markets. Particularly as a bridge to full EVs.
I was told Teslas were a great investment and would only appreciate in value. I need to stop listening to nazis.
Why is the Porsche Taycan EV not shown in a top spot here?
So what. Fusk is laughing his way to the bank
There are SO MANY sports EVs that could show up. Taycan EV, Audi e-Tron, Mercedes EQS, lots of options. They just have such stupid MSRPs. Maybe JD Power has volume limits? All of the top 5 sold reasonable volume.
Didn't JD Power consistently rank Kia and Hyundai above its rivals in contrast to Consumer Reports? I'm a bit doubtful on their reports for this.
What about the Benz EQs?
Real bad. I think slots 1-3 were all Teslas, but the EQS was slot 10. I thought about buying one myself. They're so cheap used \*I'm\* thinking about it, and I would be cross-shopping them with like... new Toyota Corollas.
Everything else is like owning a horse.
Last I checked there were some in the 30s for a 130k car? In 2-3 years.
So, on subjective matters, yeah. JD Power is bullshit. MSRP and average used-car sales price, those really aren't subjective in the way that a survey that asks "how reliable do you feel your car is?" can be.
I thought it was going to be a robo taxi and generate income for me while I’m asleep or at work?
> Elon announced today they will be building satellites on the moon. Wait... are these datacenters..? Right? So we can invent time travel, and FSD will be able to drive from LA to NY with no interaction by 2016...? Or is it the Mars colony by 2026-2028? I am not an expert, but doesn't it take at least 7-10 months to get to Mars? Also, I am waiting for my Hyperloop line from LA to CHI, NY, TX, and LON... any day now, right? Something, something, *a Fool and his money*.
Can get a smoking deal on a 2021-23 Tycan, which would be 1 billion times better than a Tesla, and in reality, I believe the range is almost the same in real-world use.
That's why I was looking at them at all! Never owned a European import before in my life. This article, though, the data, it's averaged. Not one unit, but the average price of every unit on the market.
Hmm, so 4 of the top 5 are Teslas. Just wait a couple more years until the Cybertruck is old enough, and Tesla can have the whole top 5 to itself.
Well except they just announced that Semi would go on high-volume production… The guy is an empty shell of avarice and insecurity.
True. Although in fairness New EVs sold in US are all overpriced and in 2022 Tesla was still the "EV Leader" in US. And Tesla was in the "Premium/Luxury EV" segment with a focus on "Futuristic Tech" that is honestly outdated the day you get it, no wonder why they depreciate so fast (except the Lucid, which was aiming for a similar market, and Fisker which went poof)
That appreciating asset is doing well then...
It could cost your life, too, since they’re literal death traps
I did the calculations in the GTA (toronto) market using hundreds of autotrader listings over the last couple of years. Teslas depreciate at about 18%/year. The typical luxury car (the standard worst depreciation-ridden vehicles) is in the 14-16% range. Cars that hold their value best are in the 9-12% range. Definitely 'the worst cars you can buy', even excluding the fact that you are supporting a white supremacist/na$i. Tesla fans got confused by Elon's 'these are an appreciating asset' and the horrendous execution by Tesla in trying to increase production. When they were supply-restricted, you could drive the car for 1-2 years and still sell it with essentially no depreciation. They thought this was because they were good cars. The reality is that it was due to Tesla's comical failures in ramping production creating scarcity.
And yet TSLA retains its ridiculous overvaluation. Are people just stupid, or am I missing something here?
It's propped up by the billionaires. It's a club.
im suprised the cybertruck isnt on the list
No, TSLA is the product. Shits, literally like one grift to another as long as they can keep pulling in government money. Just lots of money to be made on it going up and down, until it implodes.
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My 11 year old van has held it's value better than my 3 year old Model Y. Love the van hate the Y but can't afford to take the loss on the Y. My Y would have been sold after the first year if it weren't for the depreciation.
When I was a kid, there was a Transformer subgroup known as the "triple changers." I feel like we need a Tesla version, changing from a car to a rocket to a robot, and eventually, to a pile of garbage.
How high did TSLA go up as a result of this report?
Don’t forget the moral depreciation. Money isn’t everything
If it’s on the moon, is it still a satellite?
I’d imagine EVs in general depreciate quickly due to the speed at which battery tech advances. But it certainly doesn’t help that they’re held together by scotch tape and gum.
Shittier than a tesla
Probably didn't hit the minimum sales mark
Tesla has 3 cars🤣🤣🤣
A few other factors: BEVs cost slightly more than ICE...tax credits have closed the gap, but the initial value is still there when the tax man comes calling (not just sales tax but half the states charge property tax on vehicles). This also impacts comprehensive insurance rates. BEVs are slightly heavier and run slightly higher air pressures to gain more range - this leads to more tire wear and cost. Its a one time cost, and often subsidized, but there are start up cost for setting up a charger at home.
This is impossible. Its been Tesplained to me many, many times that Teslas keep their value better than any other car.
Charge at work for free
That’s why I bought a 4 year old EV. I’m absolutely saving money over an equivalent rav 4, plus the quality of life benefits
what you save in gas you lose in depreciation as the car value drops like a rock
But I thought owning a horse was a good thing. Wasn't that why he was gonna gift them to fight attendants?
They gotta survive that long for depreciation to be a thing 😉
Also hasn't been around long enough i suspect
Yes, they are still hoping they can squeeze us all. It's... Not funny at all.
"The Earth doesn't like me. I know what I'll do!" 😉
I understand PHEVs depreciate more, somewhere between ICE and BEV...?
>moral depredation ?!...
If you have a Tesla, the best way to hurt Elon is to sell it (help a fellow regulator citizen, keep the resale value down) - and then not buy another one. Come on, you can do it! 😉
EVs don't sell without a carrot and stick approach. In the countries that don't distort the market by subsiding EVs or severely penalising ICE the EV market share is negligible.
I actually don't know, I only ever buy used for myself, so I've never lost much on a car's depreciation. I think you're right?
They look \*so\* hot. And ironically the German brand is the non-nazi brand in this equation, what a strange future we live in
With market-making info like this... I'm guessing... 5%+ at open.
Who would pay money for a used Tesla?
At least its cheaper to buy down the line
Aw man no more going to mars?
Tires and insurance alone would make any Tesla way more expensive to own than a rav4 or a crv..
Tesla/Musk has really taught me just how badly the news media is at covering stories. He is in the news daily on whatever he wants to talk about and they print it with no mention of all of the other things he's said that were not true. He opens his mouth, they write it down with no critical thinking about it. Tesla is still worth $1.34 trillion as of today. Their only new model in years is that truck which has been a disaster. They don't make any money, their sales are slipping. Stock price stays the same.
They can drive it on Mars ... lots of space overthere and no traffic lights.
I'm pretty upset about my Y purchase but humorously I fit all those criteria. My insurance is only 50$ a month
There are obviously some billionaires involved, but it's also propped up by people's retirement accounts because it's in the S&P 500 and index funds have to buy it. I have wondered if that's going to ruin the results of index funds enough that people will stop buying them.
He now says we'll be living on mars in 20 years. That's 10 years after he said we would be living on Mars in 10 years.
"I'll just rename the moon Epstein's satellite."
I’m reading a lot of poor people energy in here. 😆
So a cybertruck in the end?
But it's the little morons buying in that think they're in the club that are creating the problem. If they stopped supporting then the billionaires would just be fleecing each other.
Big surprise! /s What do you expect from a poisoned brand?
No, that was the other ponzi company that is still awaiting its IPO. I'm sure one will be thrown at the other eventually when it becomes even more insolvent.
It's called the Greater Fool Theory. "Investors" are not buying TSLA because of the company or its fundamental. They are buying it because they figure some bigger fool will come along and pay more for it. The problem is that it's not a sustainable system because eventually the world will run out of fools, or the fools will just bail out to put their money into the "ground floor" of the next hype.
Outside of a few classic collectibles, has any car ever appreciated? WTF believes his nonsense?
From what is being report about how so many Teslas can't even pass their first safety inspections, I doubt that (3) applies either since it won't be long before it costs more to keep it going than to junk it, whereas a well maintained ICE car can easily go 200k miles or more.
Their suspensions can't even handle paved roads.
Tesla has never been a car company that's #1, it's always been an AI company since Elon took over. #2 The main depreciation is the battery, the mechanical of the car is still good. It's hilarious how anti Tesla the Zeitgeist came.
If the Cybertruck had been released on time, Tesla could have had a clean sweep of the top five.
I am also pretty sure that the ideal time to launch stuff to mars is every 26 months ish... so you cant just launch stuff to mars on a whim. Only if we had an agency that researches things about space 🤔
[So Elon you are saying there is a chance!](https://miro.medium.com/1*dFjMw4pUMzA4Db4MYTnfyA.png)
Id say about a 0.000000000000000001% chance of Musk actually doing what he claims, in the timeframe he claims.
Oh, I know, I was being sarcastic with that post reply. I didnt even think about the launch window time frame, just the physical travel time.
Time travel would be pretty crazy lol.
HAH typo! Travel Time ;)
I've only ever worked at a place with a charger once, and for an office tower of like 500 workers, they had two chargers :c It was a knifefight to get a spot, and you couldn't rely on it day-to-day.
That’s a bummer. I’ve been exclusively charging at work across 4 employers since 2017
I'm glad for you! More people should have access to what you have. Until that happens, you're probably going to be upside-down if you buy a Tesla or honestly any new EV (assuming you expect it retain any reasonable amount of value)
So can we sell without the battery and make off good? I don't get it.
We will get there! (Working in the biz definitely helps lol)
Maybe woke isn't the reason billionaires keep crashing into reality.
Same. Took me a decade to learn that lesson.
Just 2 pretty soon, they are getting rid of the S and X. The CT is a failed product and will likely be discontinued soon also. That leaves the Y and 3. The 3 has modest sales, so the Y is the only real popular production vehicle Tesla makes.
they depreciate the battery almost 100% when it has 80% capacity. That's like depreciating a car the entire cost of the engine when it has 100k miles on it. It's a ridiculous evaluation.
My Dad gave be a credit card for gas. Let's be real, at least.
Averages is all we can use in calculations.....as all the ads say "past results do not predict" - but the less YOU pay = the MORE others pay, because a high average means such....... So enjoy your good price!
MY is 30K more over 5 years. That is MASSIVE for most people who live life on a budget. Bottom line is most normal people - to whom thousands a year cannot be tossed away - cannot afford an EV with the exception of newer Models from Chevy (and we'd have to wait and see reliability longer term). Some EV's are starting to work their way a little up the [caredge.com](http://caredge.com) list, but in general....not the case. M3 in plain version isn't too bad, but then again that's not what people are buying.
Can people now sue - the CEO said his cars would appreciate in value. (As well as drive themselves earning you $30k a year) Is it time to take Tesla to court en masse?
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