I’m interested in EVs and have had a great experience owning one before, so naturally I’m watching Tesla with lots of interest. But this kind of stuff is just frustrating:
“If you buy a Tesla today, I believe you are buying an appreciating asset, not a depreciating asset,” Musk said during an interview with MIT research scientist Lex Fridman.
A Tesla will be worth $150,000 to $250,000 in 3 years, he claimed.
An actual report from the field:
It seems from the used market that the value has plummeted. The one I bought is easy $40k less just a year old.
Musk has pulled off some crazy shit before, will he be able to defy the current reality? It kind of looks like a matter of blind faith at this point. A quick Kelly Blue Book sanity check:
New 2019 Tesla Model S 75D $77,200
Used 2017 Tesla Model S 75 Sedan 4D $52,365 Private Party Value
Today, Model S value plummets like a dead bird. To me, it seems like a great toy for someone who has an extra $30k to piss away just to have some fun. But who knows? Maybe tomorrow will be radically different and Elon will be able to magically breathe some AI fairy dust over remote software update into all those existing cars. I guess the trick is to try to get a model and a set of options that will qualify for this utopian future upgrade.