Price of used Tesla's falling like a stone ...

[Newb808]

https://insideevs.com/news/640684/average-price-used-tesla-down-18000/

With price drop of some new Tesla's, used Tesla's have dropped in price dramatically more even from when I started this thread. If I had bought a year ago ome of the Tesla models whose price was dropped so dramatically, I would be really pissed off!!! Luckily I don't own a Tesla.

JD

Used Tesla (and other mid+ tier EV) prices, driven by high demand and long wait lists, were above MSRP for the better part of a year so it was just a matter of time before the market would adjust.
I bought a Tesla a year ago, ordered the previous year before the price hikes of 2021-22 and qualifying for grants. My resale value today is where it should be and not inflated by the covid/ supply chain used car bubble. With 30k kilometres, the only maintenance I’ve seen so far has been tire rotation and a lift gate washer replacement that was done while I was at work , charging for free. Other than $400 spent on road trips fast charging and other public chargers, my employer has paid for the other $600 in electricity used this past year. I estimate a gas savings of about $4000(based on 2021 gas spending so probably more.)
I like the car and have no resentments as I didn’t buy at the wrong time. I feel the pain of anyone who paid dealer « market adjustments » for any vehicle, ICE or EV in the last few years. For those who paid %10-%33 more for a Tesla in the last year than they would have if ordered before or today, and I know a few, I can’t imagine how pissed I would be. A girl I work with literally paid(her dad did rather but still) $17k more than me for virtually the same car with only 9 months between deliveries. If I were in that boat I’d probably never buy another and even for myself I’ll be mindful of Tesla’s share prices and timing of quarterly earnings calls etc before ordering or taking delivery.

 

[Newb808]

did u buy used from dealer or someone selling on their own

I bought new from dealer for $53k including all taxes and government incentives.

 

[JimDandy]

https://biz.crast.net/what-if-tesla-is-just-another-car-company-and-not-a-particularly-good-one/

JD

 

[westwoody]

There are long wait times for cars now, and electric cars are ridiculous.
Dealer has me on a list with delivery estimates between 1 and 2 years. And they told me between 1 and 2 years last spring so I think they are full of crap! A year later and no closer?
Don’t buy anything that is not ON THE LOT.
Don’t put a deposit on anything.
If you can’t drive it away the same day, don’t buy it!!!!

 

[rlock]

The price between gas vs electric car was huge so I bought a gas car.

Corym

Price alone is just a matter of putting more of one's expense up at the front of the car's lifespan. As many observe, the cheapness of EV's pays for it as the years go by without paying for fuel.
("They" predict gas prices about $2.50/L or more around here this summer.)

There are long wait times for cars now, and electric cars are ridiculous.
Dealer has me on a list with delivery estimates between 1 and 2 years. And they told me between 1 and 2 years last spring so I think they are full of crap! A year later and no closer?
Don’t buy anything that is not ON THE LOT.
Don’t put a deposit on anything.
If you can’t drive it away the same day, don’t buy it!!!!

How does it even work if it takes two years - if you order today, are you getting a 2023 model or will you be handed a 2025 eventually?

 

[happymoments]

Price alone is just a matter of putting more of one's expense up at the front of the car's lifespan. As many observe, the cheapness of EV's pays for it as the years go by without paying for fuel.
("They" predict gas prices about $2.50/L or more around here this summer.)




How does it even work if it takes two years - if you order today, are you getting a 2023 model or will you be handed a 2025 eventually?

guess it's still a good time to put money into oil as that industry isnt going anywhere... but also longer term good to put into renewable energy such as hydrogen... 🤔 but i'm no investment advisor and never saw how things connected in the world as a child

 

[westwoody]

it's still a good time to put money into oil

The time would have been before the share buybacks, which inflated the share price and made the executives paid in shares richer.

 

[westwoody]

How does it even work if it takes two years - if you order today, are you getting a 2023 model or will you be handed a 2025 eventually?

I gave up, a few days ago I told them to cancel my order and fuck off.

 

[Kissmepassionately]

When I can buy a 1 year old Plaid for $200 let me know, I'll consider it then.

 

[JimDandy]

I was at Hyundai dealership to service my Elantra and asked what wait time was for Ioniq 5. Was told 21 months. With such a long wait list you have to think they are making a pretty healthy profit on each one they sell. Which means they must be working hard at increasing production. I think in a few years time EVs will be both more plentiful and cheaper because of more competition.

https://insideevs.com/news/650711/us-hyundai-ioniq5-sales-january2023/

JD

 

[rlock]

With regard to Teslas and other EV's , I think this aspect is the one to watch:

https://www.torquenews.com/1/teslas-latest-battery-breakthrough-will-change-battery-game

Not pro or anti-Tesla. What I mean is the nature of the batteries, and how easily they can be swapped out (& old ones material recycled) when their time is up. The passenger car is just one kind of vehicle, but when society later gets moving on things like battery powered buses, or whatever, the ability to do this without taking it out of service for long periods of time will be paramount. Imagine if a vehicle could swap out its depleted battery cells for charged ones the way racing cars pull into the pits to change tires. Something like that could mean electric transit buses without relying on trolley wires. Or some of those smaller BC ferries, able to run all day emissions-free, with only a brief downtime mid-day to similarly refresh their energy levels.

(*Tesla apparently does not like the idea, but I suspect it is so they can keep a stranglehold on the ability to replace-repair their vehicles.)

Governments might even change the game for electronic devices and EV's if they ever get off their ass and enforce some kind of standardization on the industry, to encourage innovation from many sources and prevent consumers from being caught in the trap of "proprietary " tech* - with an eye towards upholding the "right to repair" to reduce waste & expense overall.