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Can you support your resale value claim with a source? Teslas continue to have the highest resale value of any "luxury" car in the US.

codeTired 3y ago
You have to be kidding. The prices have dropped massively. Just Google model Y history over last 3 years from $63k to $52k.
- thejazzman 3y ago
  Before $7500 rebate which is the real used market killer I check all the time and the used market (on 3 and Y) isn't nearly cheap enough to opt out of a brand new model with full warranty And because of the reliability issues, the full warranty is quite valuable (in the short term at least) -- my 2015 S battery dies literally the day after the 8y warranty ended. $15k to replace with a refurbished battery AND forfeit my battery to them to resell it. The trade in value of the car, assuming it worked, was only $20k.
LeafItAlone 3y ago
Not sure this is that the parent meant, but with Tesla’s price drops, Hertz said they had to depreciate them faster. [1] If you buy at $50k and the next week they more sell for $40k Tesla, you’ve lost money. And Tesla has had multiple price drops. 1. https://www.cnbc.com/amp/2023/10/26/hertz-pulls-back-on-ev-plans-citing-tesla-price-cuts-repair-costs.html https://www.cnbc.com/amp/2023/10/26/hertz-pulls-back-on-ev-p...
- bryanlarsen 3y ago
  Hertz were renting their cars to Uber drivers. Their results aren't representative.
  - LeafItAlone 3y ago
    How they were used is irrelevant to the point being made.
    - bryanlarsen 3y ago
      Why? All cars driven as Ubers depreciate faster than typical cars, Tesla or not. Hertz is trying to blame Tesla for their own mistake.
      - LeafItAlone 3y ago
        1. Hertz’s Tesla fleet certainly is not used solely for Uber. In some areas they are popular for regular car rentals. I know, because I’ve gotten them when renting cars on trips with Hertz. 2. Hertz’s issue is that they bought (some of) their Teslas and then Tesla dropped the price of new vehicles significantly. So even if Hertz never rented them out and had them in a showroom, they already have lost money on resale value. https://jalopnik.com/hertz-tesla-rental-fleet-costs-depreciation-repairs-1850963572 https://jalopnik.com/hertz-tesla-rental-fleet-costs-deprecia...

codeTired 3y ago

You have to be kidding. The prices have dropped massively. Just Google model Y history over last 3 years from $63k to $52k.

thejazzman 3y ago
Before $7500 rebate which is the real used market killer I check all the time and the used market (on 3 and Y) isn't nearly cheap enough to opt out of a brand new model with full warranty And because of the reliability issues, the full warranty is quite valuable (in the short term at least) -- my 2015 S battery dies literally the day after the 8y warranty ended. $15k to replace with a refurbished battery AND forfeit my battery to them to resell it. The trade in value of the car, assuming it worked, was only $20k.

LeafItAlone 3y ago

Not sure this is that the parent meant, but with Tesla’s price drops, Hertz said they had to depreciate them faster. [1] If you buy at $50k and the next week they more sell for $40k Tesla, you’ve lost money. And Tesla has had multiple price drops. 1. https://www.cnbc.com/amp/2023/10/26/hertz-pulls-back-on-ev-plans-citing-tesla-price-cuts-repair-costs.html https://www.cnbc.com/amp/2023/10/26/hertz-pulls-back-on-ev-p...

bryanlarsen 3y ago
Hertz were renting their cars to Uber drivers. Their results aren't representative.
- LeafItAlone 3y ago
  How they were used is irrelevant to the point being made.
  - bryanlarsen 3y ago
    Why? All cars driven as Ubers depreciate faster than typical cars, Tesla or not. Hertz is trying to blame Tesla for their own mistake.
    - LeafItAlone 3y ago
      1. Hertz’s Tesla fleet certainly is not used solely for Uber. In some areas they are popular for regular car rentals. I know, because I’ve gotten them when renting cars on trips with Hertz. 2. Hertz’s issue is that they bought (some of) their Teslas and then Tesla dropped the price of new vehicles significantly. So even if Hertz never rented them out and had them in a showroom, they already have lost money on resale value. https://jalopnik.com/hertz-tesla-rental-fleet-costs-depreciation-repairs-1850963572 https://jalopnik.com/hertz-tesla-rental-fleet-costs-deprecia...