4 ms·

25 years old and he owns a luxury performance car worth $60,000. Incredible.

• tester756 5y ago
  25 yo can also means that he's working for at least 6 years thus what's so weird?
  • Maken 5y ago
    What kind of job lets a 19 yo save 10k a year? Genuinely interested.
    • RandallBrown 5y ago
      You don't need 60k to buy a 60k car. 12k down with a 6 year loan would be something like $900 a month. Expensive, but well within the reach of plenty of 25 year olds (especially in industries that frequent HN.)
      • kodah 5y ago
        These are the moments when I am at a sort of loss; maybe more accurately I realize that people live very different lives than what I came to expect as normal. I could not fathom a $900 obligation aside from rent, that I could already barely afford, at 25.
        • RandallBrown 5y ago
          A 25 year old working at a tech company in a large city is making in the ballpark of $150k per year just in salary. (Some more, some less) Let's say they're only taking home $100k of that after taxes. That means you have $8000 to spend on your life. They might spend spend $3000 per month on rent (which gets you a pretty decent apartment anywhere and an amazing one in lots of places.) Let's say they put $2000 of that into savings. That leaves them with $3000 to spend each month. $900 a month on a car payment isn't such a big deal at that point.
          • kodah 5y ago
            Yeah, I know the math. That is not what I was surprised at. As a software engineer in Dallas, TX with similar experience to a new grad, $150k was a staggering number to see. Around this time in my life I was lucky to make $60k. At senior I made, maybe, $110k. Cost of living doesn't even begin to approach $100k between the two places. The reality of which makes me sad.
        • tester756 5y ago
          >These are the moments when I am at a sort of loss; maybe more accurately I realize that people live very different lives than what I came to expect as normal. I could not fathom a $900 obligation aside from rent, that I could already barely afford, at 25. "aside from rent" What if instead of renting something, you were living with parents and deciding to buy Tesla first? I'm not saying this is rational
    • SirSourdough 5y ago
      And what person is frugal enough to save $10k/yr, which is probably around a quarter of their total income at 19 with no degree, but financially dumb enough to use all of that hard earned, long saved money to buy a new Tesla...
• josefresco 5y ago
  From what I've read he's "the son of extremely wealthy parents".
  • maxharris 5y ago
    Who might have a financial interest in $TSLA dropping. How? Through ownership of competing auto manufacturers or suppliers, or related energy companies in the oil and gas sector, etc. There is little evidence either way as of yet, but I do think there's enough for the SEC to take a look.
    • josefresco 5y ago
      FYI I think you replied to the wrong comment.
• mycologos 5y ago
  I dunno, if you avoid student loans, a college graduate can probably get an entry-level white collar job making $60k from age 22-25 and save like $40k per year. That's more than enough to buy that car, although it would be irresponsible.
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