5 ms·

A cat as an “appreciating asset”. Did people really buy into that?? I guess there really is no correlation between money and intelligence.

by yumraj 3y ago

lode 3y ago
My cat gets more valuable (to me) every day. A car, not so much.
- aj7 3y ago
  That will saturate. Then you will have to decide whether to become a cat person.
  - zh3 3y ago
    Cat decides you.
hsjsjdbrb 3y ago
desirable models of Porsche cars will appreciate
- deleted 3y ago
  [deleted]
arthurcolle 3y ago
I wouldn't replace the meow meows for anything
courseofaction 3y ago
Are Tesla cars widely thought to be "appreciating assets"? I've never heard anyone repeat this view, was this seriously claimed by Tesla? Seems fairly obviously false.
- deleted 3y ago
  [deleted]
- SoftTalker 3y ago
  If it really was marketed as an appreciating asset the SEC may come calling.
  - thejazzman 3y ago
    Then we get into the whole Tesla-doesn't-advertise thing and whether or not Elon's comments are under oath/contract/etc or opinion or intentionally-misleading-because-he-said-it-at-a-heavily-advertised-event. Who knows.
- quickthrowman 3y ago
  > “Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset.” -Elon Musk, 2019 https://electrek.co/2019/04/12/tesla-vehicles-appreciating-assets-self-driving-elon-musk/ https://electrek.co/2019/04/12/tesla-vehicles-appreciating-a... He did preface the statement with ‘I believe..’ which is probably why there’s no SEC investigation, but I’m no securities lawyer.
- hraedon 3y ago
  I mean, Musk said that years ago on a podcast (and has maintained that position since): "I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset." (1) It is obviously false, but his case was that all Teslas would be working as robotaxis for their owners. "Insane lie or megalomania?" is the defense, as ever. 1: https://electrek.co/2019/04/12/tesla-vehicles-appreciating-assets-self-driving-elon-musk/ https://electrek.co/2019/04/12/tesla-vehicles-appreciating-a...
- groone 3y ago
  Elon was talking about Tesla car with FSD. Once Tesla does their part the car would become a valuable robotaxi capable of earning itself back in 1-2 years every year for a decade.
tnolet 3y ago
Cat list price differs based on breed and vicinity to shelters and farms. OPEX and write off is manageable given an average 15 year life span. YMMV and not financial advice
zh3 3y ago
I can assure there is and it's a positive correlation. Single data point/anecdatum and all that but I dont see myself as stupid and my lolcat collection is appreciating nicely thank-you.
legulere 3y ago
In the end it's a gamble, that worked out well for some people so far. It's been a pretty common scheme in Germany to buy a Tesla with subsidies and sell it to the second hand market after 6 months (usually going to Scandinavia, where there are tax incentives instead).

A cat as an “appreciating asset”. Did people really buy into that?? I guess there really is no correlation between money and intelligence.

by yumraj 3y ago

A cat as an “appreciating asset”. Did people really buy into that?? I guess there really is no correlation between money and intelligence.

lode 3y ago

My cat gets more valuable (to me) every day. A car, not so much.

aj7 3y ago
That will saturate. Then you will have to decide whether to become a cat person.
- zh3 3y ago
  Cat decides you.

hsjsjdbrb 3y ago

desirable models of Porsche cars will appreciate

deleted 3y ago
[deleted]

arthurcolle 3y ago

I wouldn't replace the meow meows for anything

courseofaction 3y ago

Are Tesla cars widely thought to be "appreciating assets"? I've never heard anyone repeat this view, was this seriously claimed by Tesla? Seems fairly obviously false.

deleted 3y ago
[deleted]
SoftTalker 3y ago
If it really was marketed as an appreciating asset the SEC may come calling.
- thejazzman 3y ago
  Then we get into the whole Tesla-doesn't-advertise thing and whether or not Elon's comments are under oath/contract/etc or opinion or intentionally-misleading-because-he-said-it-at-a-heavily-advertised-event. Who knows.
quickthrowman 3y ago
> “Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset.” -Elon Musk, 2019 https://electrek.co/2019/04/12/tesla-vehicles-appreciating-assets-self-driving-elon-musk/ https://electrek.co/2019/04/12/tesla-vehicles-appreciating-a... He did preface the statement with ‘I believe..’ which is probably why there’s no SEC investigation, but I’m no securities lawyer.
hraedon 3y ago
I mean, Musk said that years ago on a podcast (and has maintained that position since): "I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset – not a depreciating asset." (1) It is obviously false, but his case was that all Teslas would be working as robotaxis for their owners. "Insane lie or megalomania?" is the defense, as ever. 1: https://electrek.co/2019/04/12/tesla-vehicles-appreciating-assets-self-driving-elon-musk/ https://electrek.co/2019/04/12/tesla-vehicles-appreciating-a...
groone 3y ago
Elon was talking about Tesla car with FSD. Once Tesla does their part the car would become a valuable robotaxi capable of earning itself back in 1-2 years every year for a decade.

tnolet 3y ago

Cat list price differs based on breed and vicinity to shelters and farms. OPEX and write off is manageable given an average 15 year life span. YMMV and not financial advice

zh3 3y ago

I can assure there is and it's a positive correlation. Single data point/anecdatum and all that but I dont see myself as stupid and my lolcat collection is appreciating nicely thank-you.

legulere 3y ago

In the end it's a gamble, that worked out well for some people so far. It's been a pretty common scheme in Germany to buy a Tesla with subsidies and sell it to the second hand market after 6 months (usually going to Scandinavia, where there are tax incentives instead).