4 ms·
When I bought mine, one of the considerations was the car's resale value over time. 15% was what everything else lost driving it off the lot - in Dec 2021, that
by RangerScience 4y ago
When I bought mine, one of the considerations was the car's resale value over time. 15% was what everything else lost driving it off the lot - in Dec 2021, that's what a Y lost over three years. (Everything else = EV/PHEVs luxury bigger-then-sedans).
So... sure? If you're owning a Tesla as a form of value store, you might want to sell? If you're owning a Tesla as a car, then these don't look like the right numbers - you'd need the spread for buy->sale price, probably for new and used (since these used prices look about the same as new prices).
Edit:
Also, on second look, the tweet links to a Car Guru chart of a bunch of gas cars. The one I'd look at is the Rav4 Prime, IMHO one of the alternatives to the Y (sure was for me), which while still doing better than the Y on these charts, not by nearly as much as the originally selected cars.
Model Y - https://www.cargurus.com/Cars/price-trends/Tesla-Model-Y-d3044 https://www.cargurus.com/Cars/price-trends/Tesla-Model-Y-d30...
RAv4 Prime - https://www.cargurus.com/Cars/price-trends/Toyota-RAV4-Prime-d2992 https://www.cargurus.com/Cars/price-trends/Toyota-RAV4-Prime...
The drops for 2021 models are almost identical, although I'd probably look at the 2022 numbers since the Rav4s in 2021 were heavily marked up by dealers ($10k+) due to rarity that year.
While I can't sell my Y for more than I paid for it, I can sell it for more than than the outstanding balance on the loan (by... 25%?) sooo
- UncleOxidant 4y agoYeah, I wasn't posting that to make any kind of investment advice, only to show that it looks like the value of Tesla's seem to be impacted by Musk's shenanigans.
- RangerScience 4y agoAh! Sure. The timelines don't really line up well with Musk's shenanigans; they line up pretty well with the "Inflation Reduction Act", which AFAIK is the one that made changes to EV stuff. (Note: totes agree that the recent stuff is having / will have an impact; but; it doesn't look like it's this impact) For example: Both the Rav4 and the Model Y show ~10% drop over this time period according to this website; but, non-EV staples show a ~2% drop. And the Y shows a bigger drop than the Rav4. So, could be interpreted as Federal changes causing the 10% drop in EVs and the Musk shenanigans causing the additional 5% drop in Model Ys.