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I dunno, i think it smacks of overly priced items (homes, and apparently cars) being thought of as investments which must retain value. "We can't drop home pric
by unshavedyak 3y ago
I dunno, i think it smacks of overly priced items (homes, and apparently cars) being thought of as investments which must retain value. "We can't drop home prices because we'll lose money" some say, and now apparently it's happening on cars?
Kinda feels like our own versions of "too big (expensive) to fail".
- deleted 3y ago[deleted]
- almost_usual 3y agoThe cost of something is due to how rare it is. Tesla invests heavily into making its vehicle production process cheaper. Because of this Teslas will not keep pace with inflation and will likely depreciate more in the future. A house, especially in a desirable location is much more rare, it is hard to produce. Land is limited, getting permits is difficult, labor can be expensive. Houses have a better chance to keep pace with inflation which makes them more susceptible to being an investment.
- ASalazarMX 3y agoHomes I can understand as an investment, because well maintained, they depreciate slower than inflation. Brand new cars depreciate instantly as soon as you drive them out of the dealership, and with each driven mile you put in them.
- panarky 3y ago> Brand new cars depreciate instantly >>> Elon derangement syndrome The Tesla CEO promised that Teslas wouldn't depreciate like other cars do. He promised that they would not only hold their value, they would increase in value over time. He promised that they would be assets, earning income for their owners. He stated that an owner could expect $30,000 in income per year from their Tesla acting as a robotaxi for hire while not being driven by its owner. Perhaps it's "derangement" to take the CEO at his word.
- aydyn 3y agoOh 100%. You are an idiot for believing a car would appreciate or taking wild speculation as a future fact.