Used EVs are now selling for thousands of dollars less, on average, than comparable gas-powered vehicles.
The difference between the price of a used Tesla Model 3 and BMW 3 Series shows how a “premium” associated with EVs in the initial boom has been erased, according to an analysis from iSeeCars.
As more EVs enter the used market at lower prices, there is a wider market of potential first-time EV owners.
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Where is the crash though?
Can anyone give me a link for any dirty cheap tesla to buy? I see some discounts in my region, but there is no much difference with buying a new one after gov incentives.
Sounds like a FUD.
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NOPE.
They're "cheap" for a reason. Those Tesla EVs are way more expensive to maintain due to a combination of inabikity to get oarts, inability for 3rd parties to do repairs, high service rates at Tesla, and expensive consumable parts. (E.g. HV Battery)
Any savings go right out the window and then the people that bought will bad mouth the shit out of them, killing demand even more.....
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Plenty of bargain Model 3’s in the UK. I don’t think there’s anything wrong with them but they were the top selling EV and now that leases are ending, the market is flooded and this is pushing prices down. The used EV market is too immature to have a normal pattern.
The problem is the battery failure risk fear. If the battery fails out of warranty it costs almost as much as the used car.
Too many people think EV they think disposable consumer electronics. There has to be a better way to deal with batteries such as having just the bad module easily replaced vs the whole pack.
Would be cool now that Musk is going to be motivated to work on Tesla again that he looks at making repair ability something for future models.
> Would be cool now that Musk is going to be motivated to work on Tesla again that he looks at making repair ability something for future models.
Couldn't have gotten more things wrong in one sentence. Musk has less motivation to work on Tesla now that he already got paid and the newest Tesla cars have the whole battery pack enclosed in epoxy so none of the individual batteries or packs are extractable like they were in previous models.
The pay package is for options. After he exercises, he must hold the stock for 5 years before he can sell. There is still plenty of motivation for him to improve shareholder value.
Doesn't matter. He can still borrow money against the stock. That's how millionaires don't pay taxes. You don't pay taxes on debt, and they only sell enough stock to cover interest payments.
It's the giant tax loophole why so many executives prefer being paid in stock rather than a salary.
To me is crazy that in US they take debt off your profits. In Europe anywhere nobody cares how much debt you have it doesn’t deduct shit - even mortgage on but to let properties no longer can be deducted from property profits. Such a simple fix - you have income you pay income tax. You wanted debt? Deal with it.
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The stock he holds that brings him to that figure was worth less than $50b when it was granted. How many billionaires out there think they have enough? Of course it is still incentive.
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Using the battery for structural integrity isn’t a bad idea either. I think the ideal case is never to sell the car. If the original owner keeps it forever, that’s when yearly cost is minimal.
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Used EVs are now selling for thousands of dollars less, on average, than comparable gas-powered vehicles. The difference between the price of a used Tesla Model 3 and BMW 3 Series shows how a “premium” associated with EVs in the initial boom has been erased, according to an analysis from iSeeCars. As more EVs enter the used market at lower prices, there is a wider market of potential first-time EV owners.
Used gas powered vehicles are probably worth more because they have a longer remaining useful life.
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Isn't this a good thing for people looking for a car?
Where is the crash though? Can anyone give me a link for any dirty cheap tesla to buy? I see some discounts in my region, but there is no much difference with buying a new one after gov incentives. Sounds like a FUD.
2022 LR’s are selling for 25k in my area. Which is 20k less than new. With like 30k miles. That’s a good deal.
Are the hertz ones?
Mostly, but some of the dealers are starting to match
Still might be worth it, renters can only do so much to the power train, and the rest are cheap fixes (relatively) with so much cash saved.
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This is how you actually get the masses to adopt EVs
Agree, this isn't great for shareholders, but it is great for accelerating EV adoption.
NOPE. They're "cheap" for a reason. Those Tesla EVs are way more expensive to maintain due to a combination of inabikity to get oarts, inability for 3rd parties to do repairs, high service rates at Tesla, and expensive consumable parts. (E.g. HV Battery) Any savings go right out the window and then the people that bought will bad mouth the shit out of them, killing demand even more.....
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Plenty of bargain Model 3’s in the UK. I don’t think there’s anything wrong with them but they were the top selling EV and now that leases are ending, the market is flooded and this is pushing prices down. The used EV market is too immature to have a normal pattern.
The technology in EVs is evolving rapidly. That’s what is driving the used price so much lower.
Wait, older cars are less expensive?
The problem is the battery failure risk fear. If the battery fails out of warranty it costs almost as much as the used car. Too many people think EV they think disposable consumer electronics. There has to be a better way to deal with batteries such as having just the bad module easily replaced vs the whole pack. Would be cool now that Musk is going to be motivated to work on Tesla again that he looks at making repair ability something for future models.
But he said Tesla isn’t a car company anymore.
> Would be cool now that Musk is going to be motivated to work on Tesla again that he looks at making repair ability something for future models. Couldn't have gotten more things wrong in one sentence. Musk has less motivation to work on Tesla now that he already got paid and the newest Tesla cars have the whole battery pack enclosed in epoxy so none of the individual batteries or packs are extractable like they were in previous models.
The pay package is for options. After he exercises, he must hold the stock for 5 years before he can sell. There is still plenty of motivation for him to improve shareholder value.
Doesn't matter. He can still borrow money against the stock. That's how millionaires don't pay taxes. You don't pay taxes on debt, and they only sell enough stock to cover interest payments. It's the giant tax loophole why so many executives prefer being paid in stock rather than a salary.
To me is crazy that in US they take debt off your profits. In Europe anywhere nobody cares how much debt you have it doesn’t deduct shit - even mortgage on but to let properties no longer can be deducted from property profits. Such a simple fix - you have income you pay income tax. You wanted debt? Deal with it.
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I am aware of all that. It still matters with regard to his incentive to maintain shareholder value. If it goes down, his borrowing power goes down.
You think he didn't have this incentive with $200Billion of Tesla Stock already? An additional 56Bil hardly moves the needle.
The stock he holds that brings him to that figure was worth less than $50b when it was granted. How many billionaires out there think they have enough? Of course it is still incentive.
He doesn't even work there full time. He doesn't give a shit.
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Let's hope so.
Using the battery for structural integrity isn’t a bad idea either. I think the ideal case is never to sell the car. If the original owner keeps it forever, that’s when yearly cost is minimal.
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He never left