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Tesla just steeply discounted the hell out of their cars. The minimum discount I can recall was $10k. Several cars were dropped by over $30k. They basically jus
by datavirtue 3y ago
Tesla just steeply discounted the hell out of their cars. The minimum discount I can recall was $10k. Several cars were dropped by over $30k. They basically just fucked the resale value of all their existing customers. This was done out of desperation. EV demand fell off a cliff after the pandemic.
- toomuchtodo 3y agoGood! This increases the pool of potential buyers while putting more distress on legacy auto. Tesla can afford the margin compression. If they are less profitable, that’s fine, replacing combustion units is most important to pull forward the combustion supply chain death spiral. Tesla does not owe current customers firm resale value.