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I don't trust these types of analyses on primarily trading/stock based financial sites. Tesla has had so many short positions on it that it is a little ridiculo
by bitexploder 7y ago
I don't trust these types of analyses on primarily trading/stock based financial sites. Tesla has had so many short positions on it that it is a little ridiculous and it just makes me mistrust the whole financial community a bit regarding Tesla. The headline is extremely click-baity.
The article doesn't even mention which model 3. Or what features are in the Camry vs. the Tesla. Even the cheapest Tesla has a lot of "luxury" features that are rare or don't exist in other cars, which heightens the silliness of including an outright price comparison and really shows the author's biases.
I would be fine if there were a purely fuel cost vs. electricity cost article looking at the efficiency of the two vehicles since comparing their prices, given that they are different size and segment vehicles is absurd.
Then the author throws out a really expensive price for solar panels, which are proven to basically pay for themselves over the long term at current efficiency rates, so, yes, in fact, for the average solar installation, over 10 years, the energy is 'free'. It is increasingly clear to me that the author did very little research and is trying to extrapolate some general trend for his lifestyle and apply it to the vast majority of use cases which is dumb.
IDK, I have read a lot of overly enthusiastic pieces about Tesla and the Model 3 and I have read a lot of hit pieces. This reads more like the typical hit piece I see. The value proposition of the LE Hybrid is certainly interesting, but if you are trying to save the most money, just by a car that costs 15,000 and your fuel costs over 5 years will never catch up to the price of the Camry anyway.
Also at the end the author states sales were basically flat in 2019 providing a number of units sold at: 192,250 yet Tesla sold 360K plus units (the author is only looking at US figures for some reason...., despite the overall performance of Tesla being that they sold more cars in 2019 than in 2017 and 2018 combined.
(p.s. I read the fine print after writing this post.... "Disclosure: I am/we are short TSLA. "). Okay then.
(Full disclosure: I own a Model 3, and don't own any Tesla stock that I am aware of).