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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 obviousl

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.
panick21_ 3y ago
Not really. Musk was making this argument. But literally non of the smart analysts that do detailed models of Tesla ever put this in an investment model. People who don't actually follow Tesla often only hear Elon and a few Tesla superfans and hardcore Tesla haters. In reality there is a lot of space in the middle that is up for debate. Tesla stock was flying high, stories about self driving were part of that. But it was also a time when all EV companies were way overestimated. In general, many Tesla were actually sold as appropriating assets. During the supply crisis some used Tesla actual out-priced new ones. But that wasn't based on self-driving.
penjelly 3y ago
never forget the time Musk said because of Tesla Fleet, owning any other vehicle besides a tesla was "financially insane"
LaSombra 3y ago
Oh yeah. I have a friend that said exactly that. The depreciation according to them is negligible compared to other brands to the point that they consider it as an appreciating asset. They sold a M3 bought in 2017 and lost about £3000 for a new M3 just to recycle the warranty.

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.

panick21_ 3y ago

Not really. Musk was making this argument. But literally non of the smart analysts that do detailed models of Tesla ever put this in an investment model. People who don't actually follow Tesla often only hear Elon and a few Tesla superfans and hardcore Tesla haters. In reality there is a lot of space in the middle that is up for debate. Tesla stock was flying high, stories about self driving were part of that. But it was also a time when all EV companies were way overestimated. In general, many Tesla were actually sold as appropriating assets. During the supply crisis some used Tesla actual out-priced new ones. But that wasn't based on self-driving.

penjelly 3y ago

never forget the time Musk said because of Tesla Fleet, owning any other vehicle besides a tesla was "financially insane"

LaSombra 3y ago

Oh yeah. I have a friend that said exactly that. The depreciation according to them is negligible compared to other brands to the point that they consider it as an appreciating asset. They sold a M3 bought in 2017 and lost about £3000 for a new M3 just to recycle the warranty.