Yeah, this article says the 2023 price of a new Model Y was $48k, and then in 2024 it was worth only $33k used.

But in 2024 I bought a brand new Model Y for about $33k, after factoring in all the incentives/rebates. So if anything that $33k used price sounds high.

Reality is, prices came down a lot, and also depending on how incentives/rebates are factored in, the "sale price" might be fiction.

Same with other brands too. Back then you saw some companies like Hyundai claiming their EVs were really worth like $60k MSRP, and then turning around and leasing them for $300/month with $0 down. In some states people were leasing brand new EVs for $100/month with $0 down, or less.

Now with the federal rebate gone and states removing at least some of their incentives, the numbers might start to look a little more normal.

This got me curious about tesla prices over time. Turns out someone has a nice spreadsheet of this. I don't know about the accuracy, but it's a cool spreadsheet.

https://docs.google.com/spreadsheets/d/1F5IQOynIawoXiJPVarLD...

> This absolutely destroyed the resale value for people who paid near the high point

This is definitely true, but it's funny how much hand-wringing is being done about those people, who already bought EVs and really don't need to replace them like 3-4 years into ownership (they might want to for vanity, but if so they're either rich or love wasting money).

"Destroyed resale value" is just another word for "provided amazing prices to a great used market." These "destroyed value" cars are great almost-new cars available at prices competitive with gas cars. In California with horrific electric rates, if I charge my used EV at the "non-peak" time it's like buying gas for my old car at 2.50/gal. In places with much better rates it's more like $1 a gallon. And these are cars that are now available for the same price as a comparable gas car. I'd say this is a huge win for everyone.

> and Tesla started slashing the prices in 2024

Jan 2023 was when prices were slashed, and the $7,500 tax credit came in.

> has TSLAQ ever been right? Maybe short term but never long term.

Any rational view of TSLA's business and future prospects suggests that TSLAQ is right, but that the timeline for proving it out may be extended (and there's a saying about that, right? Something about the market staying irrational longer than you can remain solvent). TSLA is a meme stock at this point. I wish it were not part of the S&P500, because I hate to be exposed to that volatility.

But I'm often wrong, so maybe this is yet another example.

That’s a really L take on their part. Like, I’d probably respect them less if I knew them if they caved like that, and would tell them so to their face.

Further in the article it says:

> A U.K.-based study found 3-year-old EVs lost more than half of their value compared with 39% for gas cars.

so the difference isn't so stark as the F150 comparison

It doesn't present any such data. Only this one vague quotation from the manager of Polish vehicle history report website autodna.pl:

"Premium brands consistently retain higher resale value than mass-market brands, for both ICE vehicles and EVs. No one knows what entirely new Chinese marques will cost in the secondary market – for instance, what a 5-year-old Omoda will fetch"

Everything concrete in the article is about how Teslas, specifically, have precipitously declined in value, except for one paragraph about how nobody wanted to buy used vehicles from BluSmart (an Indian company that "collapsed in April amid financial fraud allegations").

While I don’t disagree with your point on lineup and quality (and they’ve cancelled a new car model to work on humanoid robotics‽), I think you’re underestimating the Elon effect.

Basically everyone I am close with is in the demographic Tesla targeted pre-rightening-of-Elon. All of them would’ve considered a Tesla at that point in time.

Now, none would. And of those with Teslas - very satisfied with their cars - none are replacing them with Teslas.

I just bought an Honda Pologue and didn’t even test drive a Model Y or X. We recently got solar installed in our house (also the right demographic for that…) and didn’t even look at quotes for Tesla systems.

Sure, I live in a left wing bubble, but it’s that same bubble that was (enthusiastically) Tesla’s prime demographic ten years ago.

I completely support voting with your wallet. Where the anti-Tesla people lost me was when they decided that anybody who owned a Tesla was nazi/fascist/whatever by extension, and it would be totally okay to abuse them or their car.

Fortunately that has subsided a bit, I haven't heard as much chatter about it in the last few months. And anecdotally, there are still quite a lot of "just got my new Tesla" threads on the Model 3 subreddit -- I think sales totals have still been a disappointment, but they haven't tanked.

> I'll never buy a nazi car, used or new

I don’t see what the Volkswagen Beetle has to do with EV reselling.

The normalisation of the word "Nazi" really is a scourge in modern society. An actual, real life Nazi, would want the extermination of the Jewish people. Let's reserve that word for such monsters.

You may not like a lot of Elon's opinions (myself included), but he is far from a Nazi.

VW, Porsche, Audi, BMW, and Mercedes are doing fine without you.

Not falling for the ragebait

2/10. Mainly for writing full sentences.

Considering that independent analyses all find that DOGE's efforts didn't really accomplish much of anything in the budget department, his best wasn't very good. Which isn't surprising? He was aggressively slashing the tiniest little sliver of the US government's total budget. (Visible, yes. Significant, no.) As the saying goes, premature optimization is the root of all evil.

Folks really need to quit looking at these things in such a heavily politicized light. Because when we are biased toward thinking something is definitely good or definitely bad based purely on the party affiliation of the person who proposed the idea, that fundamentally undermines our ability to discern what is and is not actually working.

And also, frankly, all this stupid name calling is fucking stupid.

Well, except he directly caused the debt to go up, and killed hundreds of thousands of people, while being really awful to everyone. I know it is tempting to think this isn't true if you're in an info bubble, but unfortunately it is! Wish I could buy another Tesla, they're great cars.