patrick_y
[PuristSPro Moderator]
33643
It's simple... The speculators are taking a risk.
Most of the time the speculators win and win big. And sometimes the speculators lose and lose small. Ratio-wise $2500 is not a difficult pill to swallow for someone looking to buy an $80,000 to $100,000 asset and to make money off that asset at one point these trucks were easily going for $20,000+ over MSRP.
Friend is a repo guy for many years, they are VERY busy right now. Defaults are high, and normal consumer car sales are troublesome.
of course Ferrari, Rolls, and Bugatti sales are best ever. A race to the bottom. Am sure certain timepiece brands are feeling it, as credit default in the USA is quite high at the moment.
Well....
The very recent, relatively alarming, events certainly have nothing to do with the vehicle itself. If anything, it may have been chosen for its perceived exterior durability. Good for Elon, free money, as if he's in dire need of more $$$ ☺️....
I don't 'mind' him at all....
I honestly neither find him likable or dislikable, I simply think, as a business person myself, that he is the greatest business opportunist of our time, and has had, in rather equal measure, both incredible luck and incredible savviness on his side. Had ...
I don't find this post very fair. The post insinuates that Tesla is being unfair.
People put up a $100 deposit to get on the Cybertruck list and only put a $2500 DOWN PAYMENT (not deposit) if they were certain they wanted one and wanted to get an earlier delivery. Many of these people walking away were early speculators. Scalpers. Tryi...
Totally. I have zero sympathy for these folks. I know someone that had two and planned to sell the earlier allocation and take the later one for themselves.
And for the people that did actually buy the car expecting a big pay day and are now massively underwater, well, for some folks education is more expensive than others. Not that I was in the market for a tesla, but your Daytona reference brought the rage ...
It's simple... The speculators are taking a risk.
Most of the time the speculators win and win big. And sometimes the speculators lose and lose small. Ratio-wise $2500 is not a difficult pill to swallow for someone looking to buy an $80,000 to $100,000 asset and to make money off that asset at one point ...
+1
I can’t say I’m a fan of this “truck” or Musk, but I wouldn’t characterize it as anything more than Patrick points out.
The design is definitely polarizing.
I have a Tesla Model 3 in the garage (which is their smaller model) and it is the ugliest car I've ever owned. I thought I'd get used to it - but 5+ years later I'm still shuddering every time I see that car in the garage. My previous cars were Mercedes a...
Patrick I bought a Ford Taurus wagon once, and after Day One I could never stand the looks of it
I soon sold it to a fellow I knew slightly but didn't think I'd ever see again, and bought myself a Volvo Rear windows don't go down! Stupid dash layout Road & Track headline: Mike ...
That is pretty hideous!
I drove the Mercedes today. It's much better designed than the Tesla - especially the front of the car. The Mercedes is also clean, the Tesla is dirty from recent rains. Will switch back to the Tesla a day or two before it starts raining.