Tesla

[Tim]

Glad our tax dollars are buying you your fancy SUV

"the cheaper Model 3 sedan and Model Y crossover making up 97% of first-half deliveries."
The question is not so much the actual tax dollars, but the impact on competitors. Without volumes, Tesla is the only game in town. It is called a monopoly.
Smart move by Tesla. A lot of choices will go by the wayside, possibly. Hey, Tesla is simply taking advantage of the tax code.

[StarTrekDoc]

Glad our tax dollars are buying you your fancy SUV

Redirect that energy to your congressperson if you disagree with the written tax code.

If one still wants to be angry at personal advantages, don't take those mortgage deductions or tax deferred or 529s.

[Panscan]

Including tax rebates this maxes the X a very appealing proposition. I’m still mixed on the falcon wing doors but buying this vehicle through S corp allows use of the $7500 deduction even if personal income exceeds the $300k MFJ cap. $1000 rebate by getting the vehicle with a referral code. Purchase vehicle in December and use 100% for business use and take meticulous records in case of audit (ie GPS coded milage logs with Teslafi) and keep the vehicle at the hospital and drive between hospitals for few weeks, then starting in 2024 just have to keep business use above 50%. Take 179 deduction, 80% bonus depreciation and regular depreciation and you are about at the full price of the vehicle. That’s a $36k-40k SUV depending on tax brackets and a screaming deal after tax. Admittedly will need to work out final details with my CPA but I think they have me back shopping for an X now which was the whole point of the price cuts.

Glad our tax dollars are buying you your fancy SUV

[Tim]

Huge indeed. I may look at a model S (or used version) when my EQS lease is up in 2 years and this is a huge disruptor

The Model X drop is especially huge. A lot of 3 row EV SUVs coming out like the Volvo CX90 or Kia EV9 or polestar 3 with prices in the 60-80k range. Going to be very hard for them to compete with a model X on speed, range, software, etc at this price.

incidentally a lot of places that sell used cars are no longer buying Teslas and you can understand why. You can feel pretty confident a new accord is going to cost the same or more then an older model year accord. When Tesla cuts their prices 10-20k on a dime, that unsurprisingly destroys values in the used market. I'm not complaining, I love the competition and price pressure on competitors, but it's an interesting dynamic the used car market hasn't really seen.

Leasing prices (not that it is accepted here) is completely dependent upon residual values at the end of lease. The rest is just math. Huge swings in valuation are not favorable for the industry as a whole. This could be like a sparkler on the Fourth of July, really short term and bright. Fizzles out and then its over.

What is the cause of these violent disruptive and destructive forces? Smaller companies might be forced out of business, but these were the companies taxes dollars were intended to make flourish. Unintended consequences of these rebates? I have no clue how this will actually pan out. I doubt climate scientists know either.

[Hoopoe]

Model S and X are very dated and overdue to refresh versus those other cars which are new models. It’s what they have to do to sell models that no one wants.

Including tax rebates this makes the X a very appealing proposition. I’m still mixed on the falcon wing doors but buying this vehicle through S corp allows use of the $7500 deduction even if personal income exceeds the $300k MFJ cap. $1000 rebate by getting the vehicle with a referral code. Purchase vehicle in December and use 100% for business use and take meticulous records in case of audit (ie GPS coded milage logs with Teslafi) and keep the vehicle at the hospital and drive between hospitals for few weeks, then starting in 2024 just have to keep business use above 50%. Take 179 deduction, 80% bonus depreciation and regular depreciation and you are about at the full price of the vehicle. That’s a $36k-40k SUV depending on tax brackets and a screaming deal after tax. Admittedly will need to work out final details with my CPA but I think they have me back shopping for an X now which was the whole point of the price cuts.

[Panscan]

Huge indeed. I may look at a model S (or used version) when my EQS lease is up in 2 years and this is a huge disruptor

The Model X drop is especially huge. A lot of 3 row EV SUVs coming out like the Volvo CX90 or Kia EV9 or polestar 3 with prices in the 60-80k range. Going to be very hard for them to compete with a model X on speed, range, software, etc at this price.

incidentally a lot of places that sell used cars are no longer buying Teslas and you can understand why. You can feel pretty confident a new accord is going to cost the same or more then an older model year accord. When Tesla cuts their prices 10-20k on a dime, that unsurprisingly destroys values in the used market. I'm not complaining, I love the competition and price pressure on competitors, but it's an interesting dynamic the used car market hasn't really seen.

Model S and X are very dated and overdue to refresh versus those other cars which are new models. It’s what they have to do to sell models that no one wants.

[StarTrekDoc]

Yeah that sucks for those wanting to rid 3-5 year old cars and sudden depreciation. Should know that though like led tvs five years ago. New tech is just that. New tech. Early adopters.

Now pricing going to get really interesting as Tesla turning profits on those drops still. Rivian? Lucid? Ford? Volvo? Probably not .

Ford losing 20k+ per car to make a future loyal buyer? That's their reasoning. They really have no choice.

Tesla got ahead of the game and paid down payment for their batteries and manufacturing pushes.

[TheTodd]

https://www.autoblog.com/2023/09/01/...el-x-by-41000/

Tesla price drops. This is definitely market share. $30k and $40k on Model S and X since the beginning of the year.
This is a huge pricing stability disruption for both the new and used markets.

Huge indeed. I may look at a model S (or used version) when my EQS lease is up in 2 years and this is a huge disruptor

The Model X drop is especially huge. A lot of 3 row EV SUVs coming out like the Volvo CX90 or Kia EV9 or polestar 3 with prices in the 60-80k range. Going to be very hard for them to compete with a model X on speed, range, software, etc at this price.

incidentally a lot of places that sell used cars are no longer buying Teslas and you can understand why. You can feel pretty confident a new accord is going to cost the same or more then an older model year accord. When Tesla cuts their prices 10-20k on a dime, that unsurprisingly destroys values in the used market. I'm not complaining, I love the competition and price pressure on competitors, but it's an interesting dynamic the used car market hasn't really seen.

[Tim]

https://www.autoblog.com/2023/09/01/tesla-discounts-model-s-by-30000-and-model-x-by-41000/

Tesla price drops. This is definitely market share. $30k and $40k on Model S and X since the beginning of the year.
This is a huge pricing stability disruption for both the new and used markets.

[burritos]

Haha Tesla opening dealerships on tribal lands who are not subject to state mandatory dealerships to sell vehicle. Not a tesla fanboy. But not a car dealership fanboy either:

https://www.kbb.com/car-news/tesla-f...-tribal-lands/

The Albuquerque Journal explains, “Although New Mexico prohibits direct-to-consumer car sales — which is the only type of sales that Tesla makes — as sovereign nations, Nambé and Santa Ana pueblos don’t have to follow the state law.”

Under an agreement with the tribal government, Tesla will train tribal members to serve as service technicians...

Keeping a dealership network gives those companies a huge footprint advantage — there’s probably a service bay within an easy drive of you for most automakers. There may not be one for Tesla.

But with 574 federally recognized tribal governments in 35 states, Tesla’s new strategy could do a lot to close that advantage.

Nice narrative.

[xraygoggles]

https://www.youtube.com/shorts/UvN1nOdaNKA

Huh? Does this guy not know Americans?

Lol - I can't tell if she's making a vaguely homophobic swipe at Mayor Pete, or if she is catering to the Alex Jones paranoid demographic. Prolly both tbh.

[Tim]

https://www.youtube.com/shorts/UvN1nOdaNKA

Huh? Does this guy not know Americans?

Spent sometime in Philly and in Ca. Does that count?

[burritos]

https://www.youtube.com/shorts/UvN1nOdaNKA

Huh? Does this guy not know Americans?

[Panscan]

One thing I think people often forget is that Elon said he has Asperger's syndrome. Being on the spectrum may play a role in how he has difficulty getting his intentions across. Doesn't help social media piles on and polarizes any topic or individual.

Theoretically what he said makes sense regarding stopping conflict and senseless loss of lives and destruction. It completely lacks any empathy for the people involved and also ignores any nuance in geopolitics.

Asperbergers cover for his sociopathy

[StarTrekDoc]

One thing I think people often forget is that Elon said he has Asperger's syndrome. Being on the spectrum may play a role in how he has difficulty getting his intentions across. Doesn't help social media piles on and polarizes any topic or individual.

Theoretically what he said makes sense regarding stopping conflict and senseless loss of lives and destruction. It completely lacks any empathy for the people involved and also ignores any nuance in geopolitics.

Very true. ASD is hard. I know personally with our son.

At the same time, Musk doesn't get a pass either even being on the spectrum -- especially being a prominent figure in the public space.

Peace and conflict avoidance is a noble goal.

Hard to do it together with a bully. Reference history: Munich Agreement