Jump to content

Elon Musk: Officially a fraud and piece of shit. Official or unofficial war criminal?

MaybeACoordinator

By MaybeACoordinator
in Daily Texan

 Share

Recommended Posts

  • Replies 23.4k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

Spottieottiedopaliscious
Spottieottiedopaliscious

Hotez is far from bulletproof.       

MissingInAction
MissingInAction
Spottieottiedopaliscious
Spottieottiedopaliscious

Absolutely.    Would you like other guys pointing out Hotez deficiencies?   It was actually more about Hotez but whatever? Why stick around? All the constructive back and forth

Posted Images

atomheartbevo

atomheartbevo 90664

Posted
Posted
5 minutes ago, DigglerontheHoof said:

Just when you think it can't get any shittier, it gets shittier.   

I guess if you are heading to the gym, you can fit a gym bag in it, or maybe a few days worth of groceries.  Maybe a small golf bag or some tennis rackets.

It really is a truck designed by a little kid from the 1980s.

"And in the front, where there's no engine, there's a place we can put all of our G I Joe and Star Wars figures and vehicles, but not the USS Flag."

  • Hook 'Em 4
  • Like 1
  • Haha 3
Link to comment
Share on other sites
  • Popular Post
Pods

Pods 7637

Posted
  • Popular Post
Posted
31 minutes ago, atomheartbevo said:

I guess if you are heading to the gym, you can fit a gym bag in it, or maybe a few days worth of groceries.  Maybe a small golf bag or some tennis rackets.

It really is a truck designed by a little kid from the 1980s.

"And in the front, where there's no engine, there's a place we can put all of our G I Joe and Star Wars figures and vehicles, but not the USS Flag."

One of these bad boys would be a huge improvement. 

766a0bb77921d5ebf9853da25eeb2ae9.jpg&f=1

  • Hook 'Em 7
  • Haha 1
  • Drool 2
Link to comment
Share on other sites
Chopper

Chopper 17433

Posted
Posted (edited)
1 hour ago, DigglerontheHoof said:

Just when you think it can't get any shittier, it gets shittier.   

The entire thing is as messy as a medically necessary abortion at 6 months. But those brake lights...they seem far too shitty to be legal.

image.thumb.png.6bba11699d3ace2cb2501fb775ecda7c.png

Edited by Chopper
  • Hook 'Em 1
Link to comment
Share on other sites
BearMace

BearMace 2246

Posted
Posted
7 hours ago, Chopper said:

The entire thing is as messy as a medically necessary abortion at 6 months. But those brake lights...they seem far too shitty to be legal.

image.thumb.png.6bba11699d3ace2cb2501fb775ecda7c.png

I think those are the legally required reflectors. The brake lights are along the top. You know, where it lines up so well.

  • Hook 'Em 1
  • Haha 2
Link to comment
Share on other sites
956 Worldwide

956 Worldwide 35598

Posted
Posted
On 11/2/2023 at 4:23 PM, NoName said:

not him, only because there would be a million pics of it.

honestly, it says *EVERYTHING* you need to know that he isn't out driving it all over the place in Austin now that we are <30 days from deliveries taking place.

it is truly an oddly shaped, useless shitbox that is going to be a stain on the TSLA brand (which has its huge list of issues)

this whole "bullet proof" thing is a prime example of how dumb everything is. i am SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO excited to see some dumb fuck TSLA stan go out and test it on video then release the video. it's going to be amazing

https://jalopnik.com/tesla-cybertrucks-bulletproofing-is-garbage-actually-1850980175?utm_medium=sharefromsite&utm_source=jalopnik_reddit

also the bulletproof focus is dumb anyway. if someone is trying to shoot you in your car they are just going to shoot through the regular automotive glass in the dumb window right above it.

The bulletproof thing is just so fucking stupid. As someone who’s been in more armored SUVs than I wanted to be, I can say confidently that no one actually wants one unless they need one. The formula isn’t hard, thicker and heavier steel and thicker and heavier glass. They handle like shit and are hell on suspensions and tires.  And as you mention, it’s all a waste if you are using automotive glass.  
 

It’s all part of dumbfuck Elon and his fanboys believing he’s a DISRUPTOR. If there were a way to effectively armor vehicles so that they were more driveable and livable in day to day used the many firms that specialize in armored vehicle would have done it. All Elon is doing is showing that stainless steel is tough. No shit. 

I really want to see how the Cybertruck does in crash testing.  Modern car design builds in crumple zones because all that energy has to go somewhere and if it’s not getting crumpled, it’s passing through to the cabin. 

  • Fuck Around and Find Out 1
Link to comment
Share on other sites
Captainant

Captainant 28583

Posted
Posted (edited)

https://www.reuters.com/investigates/special-report/spacex-musk-safety/

Seems like SpaceX isn't really taking care of their employees. Completely unsurprising, but the scale of unreported deaths and injuries is shocking. Reuters found >600 previously unreported incidents.

 

Since LeBlanc’s death in June 2014, which hasn’t been previously reported, Musk’s rocket company has disregarded worker-safety regulations and standard practices at its inherently dangerous rocket and satellite facilities nationwide, with workers paying a heavy price, a Reuters investigation found. Through interviews and government records, the news organization documented at least 600 injuries of SpaceX workers since 2014.

Many were serious or disabling. The records included reports of more than 100 workers suffering cuts or lacerations, 29 with broken bones or dislocations, 17 whose hands or fingers were “crushed,” and nine with head injuries, including one skull fracture, four concussions and one traumatic brain injury. The cases also included five burns, five electrocutions, eight accidents that led to amputations, 12 injuries involving multiple unspecified body parts, and seven workers with eye injuries. Others were relatively minor, including more than 170 reports of strains or sprains.

Current and former employees said such injuries reflect a chaotic workplace where often under-trained and overtired staff routinely skipped basic safety procedures as they raced to meet Musk’s aggressive deadlines for space missions. SpaceX, founded by Musk more than two decades ago, takes the stance that workers are responsible for protecting themselves, according to more than a dozen current and former employees, including a former senior executive.

Musk himself at times appeared cavalier about safety on visits to SpaceX sites: Four employees said he sometimes played with a novelty flamethrower and discouraged workers from wearing safety yellow because he dislikes bright colors.

...

One severe injury in January 2022 resulted from a series of safety failures that illustrate systemic problems at SpaceX, according to eight former SpaceX employees familiar with the accident. In that case, a part flew off during pressure testing of a Raptor V2 rocket engine – fracturing the skull of employee Francisco Cabada and putting him in a coma.

The sources told Reuters that senior managers at the Hawthorne, California site were repeatedly warned about the dangers of rushing the engine’s development, along with inadequate training of staff and testing of components. The part that failed and struck the worker had a flaw that was discovered, but not fixed, before the testing, two of the employees said.

Edited by Captainant
  • Hook 'Em 1
  • Rage+1 2
Link to comment
Share on other sites
NoName

NoName 17165

Posted
Posted

https://www.businessinsider.com/grimes-custody-elon-musk-children-x-tesla-spacex-neuralink-headquarters-2023-11

Grimes chased Elon Musk across at least 12 locations to serve him custody papers, including X headquarters and a horse farm

Quote

 

Grimes hired people to search high and low for her kids' father, Elon Musk, to serve him with custody papers, according to court records obtained by Insider.

The singer, whose legal name is Claire Boucher, is suing Musk for physical custody of their three children. Grimes told a Texas court in October that Musk had custody of her three-year-old son, X Æ A-Xii, "over [her] objection." Her lawsuit came just a few weeks after Musk quietly sued her to "establish the parent-child relationship" with his children.

 

and

Quote

Grimes hired four process servers to deliver the papers. From October 13 to October 20, they tried to track the billionaire down across at least a dozen locations, including X's headquarters in San Francisco, SpaceX's launch site in Boca Chica, Texas, Tesla's Austin gigafactory, and several addresses associated with Musk near Austin.

and
 

Quote

 

Christopher Melcher, a California family lawyer who's a partner at Walzer Melcher, told Insider that three attempts to serve someone were typically sufficient under California law and that Grimes' team "made more than reasonable efforts."

He also said substitute service, when papers are left with someone else at the person's home or business, was acceptable if reasonable attempts were made to serve the papers directly. The practice is especially relevant in the case of someone who is rich or famous and has a lot of barriers around them.

"None of these security guards were going to let the process server in," Melcher said. "They could've come 100 times."

 

and we get the name of another one of his kids, which is so fucking dumb

Quote

Musk has 10 known living children whom he has fathered with three women, including his youngest, a 1-year-old son named Techno Mechanicus, or Tau, whom he fathered with Grimes and was born via a surrogate last summer.

 

  • Hook 'Em 2
Link to comment
Share on other sites
Neonmoon

Neonmoon 38130

Posted
Posted
7 minutes ago, wildcat09 said:

It’s pretty wild that Musk, who has clearly demonstrated that he doesn’t give a shit about being a decent father and has even publicly stated that being a good father isn’t important, has basically kidnapped his kids from their mother.

You're shocked the insane bond villain is acting like an insane bond villain?

  • Hook 'Em 5
Link to comment
Share on other sites
wildcat09

wildcat09 29596

Posted
Posted
5 minutes ago, Neonmoon said:

You're shocked the insane bond villain is acting like an insane bond villain?

I just figured he'd rather leave his kids to starve than even think about them long enough to use them against his ex. Being completely absent from his kids' lives was a pretty consistent thing until Grimes dumped him.  

  • Hook 'Em 2
Link to comment
Share on other sites
Brisketexan

Brisketexan 106969

Posted
Posted
17 minutes ago, wildcat09 said:

I just figured he'd rather leave his kids to starve than even think about them long enough to use them against his ex. Being completely absent from his kids' lives was a pretty consistent thing until Grimes dumped him.  

It's not about the kids.  It's about his power and ego.  Just like literally every other thing in his life.

He's a broken-brained narcissist.  No other human on this planet is significant or meaningful to him EXCEPT to the extent that he can use them to feed his own ego and thirst for attention and power.  That's the awesome thing about narcissists -- they aren't complicated at all.  Very simple and straightforward.

Now, as for the fact that humanity is at a point where we worship, idolize, and elevate narcissists as examples of the ideal human?  There's a whole book on that (literally, there are books -- start with any of the Strauss-Howe stuff, and go from there).

  • Hook 'Em 4
Link to comment
Share on other sites
956 Worldwide

956 Worldwide 35598

Posted
Posted
1 hour ago, wildcat09 said:

I just figured he'd rather leave his kids to starve than even think about them long enough to use them against his ex. Being completely absent from his kids' lives was a pretty consistent thing until Grimes dumped him.  

He wants attention from Grimes and this is the only way to get it. 

  • Hook 'Em 3
Link to comment
Share on other sites
Chopper

Chopper 17433

Posted
Posted (edited)

Things appear to be going off the rails for Elmo in the nordic countries.  Strikes and a union bubbling up in Sweden, and this from Norway...

image.thumb.png.2c13f34c0f7edd2a691bf7469a8bdd6a.png

The way this story starts is comedic. Tesla was using space in an exhibition hall near Oslo to deliver vehicles. Thousands of people were visiting a motor show in the same complex. One day a charger beneath a new Tesla catches fire, a new employee jumps into action and with no fire extinguisher in the vicinity he eliminates the danger with his bare hands, sustaining injury but possibly avoiding a major disaster. His manager sends an email to Musk telling him about the heroic employee. Musk congratulates heroic employee via email, who responds with complaints about the lack of safety precautions at the Norway facility. It goes downhill from there when the hero's manager retaliates and then fires him, but not before the hero stumbles across thousands of pages of compromising yet unsecured information on Tesla's servers. This is about 2/3 of the article. https://www.nytimes.com/2023/11/10/business/tesla-whistleblower-elon-musk.html

Quote

 

A day after Lukasz Krupski put out a fire at a Tesla car delivery location in Norway, seriously burning his hands and preventing a disaster, he got an email from Elon Musk.

“Congratulations for saving the day!” Mr. Musk, Tesla’s chief executive, wrote in March 2019.

But what started as a story about a heroic employee and a grateful employer has devolved into an epic battle between the carmaker and Mr. Krupski, a service technician. The fight has spawned lawsuits in Norway and the United States and caught the attention of regulators in several countries.

After initially being hailed as a savior, Mr. Krupski said in an interview with The New York Times, he was harassed, threatened and eventually fired after complaining about what he considered grave safety problems at his workplace near Oslo. Mr. Krupski, originally from Poland, was part of a crew that helped prepare Teslas for buyers but became so frustrated with the company that last year he handed over reams of data from the carmaker’s computer system to Handelsblatt, a German business newspaper.

The data contained lists of Tesla employees, including Mr. Musk, often with their Social Security numbers and other personal information. There were thousands of accident reports and other internal Tesla communications that Handelsblatt used as the basis for stories about flaws with the company’s Autopilot driver-assistance software.

The data also provided the basis for stories by Handelsblatt and Wired magazine about how much trouble Tesla was having manufacturing the Cybertruck pickup, which the company has said will be delivered to customers at the end of this month, almost three years behind schedule. (Some of the information came from a second, unidentified Tesla employee.)

Mr. Krupski said he had gotten access to sensitive data simply by entering search terms in an internal company website, raising questions about how Tesla protected the privacy of thousands of employees and its own secrets.

The Data Protection Authority in the Netherlands, where Tesla has its European headquarters, is investigating whether the breach violated privacy laws. A spokeswoman for the authority confirmed that it was investigating but declined to comment further.

Tesla and three lawyers representing the company did not reply to requests for comment.

In the United States, Benson Pai, a former Tesla production worker, has sued the automaker in federal court in California, claiming that lax security by Tesla exposed employee information that could be sold to criminals. Lawyers for Mr. Pai are seeking approval from a judge to pursue the case as a class action on behalf of tens of thousands of Tesla employees.

Mr. Krupski shared the data with Aaron Greenspan, a prominent Tesla critic and short-seller, who urged him to provide information he had collected about Autopilot to the U.S. National Highway Traffic Safety Administration. The safety agency has had a long-running investigation into the software, which can steer, accelerate and stop a car on its own but requires a driver to be ready to take control at any moment. The agency has interviewed Mr. Krupski several times, he said, an indication that his information was taken seriously.

Mr. Greenspan said he had begun closing out his short positions in Tesla shortly after hearing from Mr. Krupski.

The U.S. safety agency has confirmed that it is investigating whether Autopilot played a role in hundreds of accidents, some fatal, but declined to comment on any interactions with Mr. Krupski. Tesla has maintained that Autopilot makes cars safer and recently prevailed against a lawsuit that had claimed the software was responsible for a fatal crash in California.

Mr. Krupski and Mr. Greenspan also wrote a letter to the Securities and Exchange Commission raising questions about Tesla’s accounting practices, based in part on the data Mr. Krupski had collected. He said he did not know what the commission had done with the information.

The S.E.C. did not respond to a request for comment.

Mr. Krupski remained anonymous until he spoke on the record to Handelsblatt last week.

...

“It is fair to say that if it wasn’t for his action, the result would have been a car on fire,” Mr. Krupski’s manager wrote in an email to Mr. Musk the next day. Mr. Krupski said the fire could have spread, endangering workers and customers waiting nearby and forcing evacuation of the motor show.

The only person seriously injured was Mr. Krupski, who was hospitalized with severe burns but has recovered.

After Mr. Musk congratulated Mr. Krupski, the technician replied with complaints about safety practices at Tesla’s Norwegian operation. On the day of the fire, he wrote, there were no fire extinguishers, cardboard boxes and other flammable material were strewn about, and employees were not briefed about where they would be working...

 

 

Edited by Chopper
  • Hook 'Em 4
  • Like 1
  • Rage+1 2
  • Fuck Around and Find Out 1
Link to comment
Share on other sites
Brisketexan

Brisketexan 106969

Posted
Posted
3 minutes ago, NoName said:

why would i want something that was useful when i could have this?

tesla-cybertruck-frunk-source-tesla-cybe

 

 

In 1989, a dumbass ran a stopsign and wrecked my car.  His insurance provided me with a free rental till I got a replacement.  A 1989 Chevy Cavalier.  To this day, the shittiest car I have ever driven:

3a58c395-0ecb-479e-b87c-7756e36e1e56.JPG

Every single feature showed a piss-poor attention to detail.  The fit on the doors was shit, wide gap at the top, actually caught the frame at the bottom.  To use the key to open the driver's side door, you had to slide it in just right, then jiggle it.  The steering wheel bent, and had a shitty mount.  The seats were just shitty benches bolted on.  And the trunk....was an afterthought.  Just a rectangular space, flatbottomed the whole way through, and so shallow, you couldn't even fit a damned regular igloo cooler in there.  Every piece of it said "half-assed."

In short, it was clearly the cybertruck of its day.

  • Haha 3
Link to comment
Share on other sites
Francisco 2.0

Francisco 2.0 32606

Posted
Posted

https://jalopnik.com/if-you-bought-a-tesla-one-year-ago-it-has-lost-as-much-1851011677

 

Quote

“Buying a car today is an investment into the future. I think the most profound thing is that if you buy a Tesla today, I believe you are buying an appreciating asset, not a depreciating asset.” Elon Musk said that in 2019, and like many of his bold vision statements, has continually been proven wrong every minute of every day since. Hundreds of thousands of Tesla buyers have driven tens of thousands of dollars of value out of their cars.

 

Quote

The world’s most successful electric automaker has been completely dicking over its customers for the last year by dramatically dropping prices across the board. Hundreds of thousands of Tesla cars all over the country, and indeed the world, have completely tanked in value. After a continual upward trend in pricing across 2022, the ostensibly Texas-based company has been dropping prices left and right in 2023 in attempts to keep demand for new vehicles high.

 

Quote

Tesla buyers have been feeling the pinch as they watched the brand new price of their second-most expensive asset get squeezed. As a result of the new prices coming down—and new incentives being introduced for which they were not eligible—used prices have tanked and these buyers are more upside-down in their cars than previously thought possible. A new Model X Dual Motor buyer today is paying $41,000 less than someone who bought the same car this time last year.

 

Let’s Do Some Math

Spoiler

I wanted a rough idea of the value lost in all those Teslas. So I did some math. I wanted to know not only how much Tesla has driven value out of their cars, but the owners as well. How much could be attributed to the drop in new car prices, but also how much of a price drop could be settled through regular daily use, too. Using some national searches from CarGurus and AutoTempest, I went looking for 2023 model year cars with fewer than 10,000 miles, clean titles, and no recorded use as a rental car. Just regular cars with regular miles. CarGurus has a nice tool that tells you if a price is fair based on its calculations of the market, and AutoTempest can search multiple sources at once and provide links to the cheapest examples in the country. Both of these tools are helpful!

Mega Depreciation
Let’s start with that Model X Dual Motor. As the most expensive Tesla, the X has a lot more to lose than the others. At the end of October, 2022, the cheapest Model X was $120,990, and that same car today is $79,990. According to CarGurus, a used 2023 model year car without too many miles is still basically worth what a new Model X is worth, presumably because there’s no wait time for the factory to deliver. The current wait time on a new X is two to three months, so maybe this makes sense if you need it now. The lowest price I could find nationally was $71,995, which seems like a good deal. That’s over $49,000 less than it cost new, and eight grand less than a new one ordered today.

A Model S Dual Motor is pretty similar to its X counterpart. It was originally $104,990, and the price has dropped precipitously to just $74,990 today. CarGurus says a used 2023 is worth around $71,000, but the least expensive example I could find was just $68,986. Bought one year ago, this seller is prepared to lose at least $36,000 for the privilege.

How about the less expensive and more popular Teslas? The Model Y is the best selling EV in history, and is constantly shifting new units. A year ago a new Model Y Long Range AWD cost $65,990, but today it’ll run you just $48,990, [and the recently-introduced Model Y RWD is $5,000 fewer still]. CarGurus says an average Model Y Long Range AWD is $46,000 on the used market, while I found the lowest priced example was $43,165, accounting for a loss of at least $22,825.

Model 3 depreciation has typically been a bit lower than the others, largely because it is the cheapest entry point to the Tesla lineup, and as a result is still in pretty high demand. The rear-wheel-drive Model 3 was available last year, so we’ll work our estimate off of that one, and it cost a whopping $46,990 a year ago. Tesla has dropped that price to just $38,990 since, and used 2023 model year cars are still selling for $37,000. There are a few examples selling under $30,000, including this potentially desperate seller, asking just $28,499.

5f833e48951c0e068d28d7aafea74406.jpg

 

To recap, a Tesla Model X Dual Motor buyer in early November 2022 is now looking at an average of $41,000 loss if they were to sell their car. The good news is, they could basically sell it and immediately turn around and buy another one brand new today. Faced with the same scenario, a Model S Dual Motor owner is looking at losing about $34,000, a Model Y Dual Motor Long Range owner would lose about $20,000, and a Model 3 RWD owner is hacking $10,000 out of their net worth.

More Math!
Keep in mind that this doesn’t account for finance interest, taxes, title fees, licensing fees, insurance, electricity, maintenance, or insurance costs. So let’s dig into that!

Sales tax is going to vary based on where you live, by state and city. For example, where I live sales tax is eight percent, so on a base Model X last year I’d have paid an extra $9,679.20 in sales tax. Title and license fees is another $50 for the year. Insurance, according to Nerd Wallet, is pretty expensive at $3,861 annually on average for a Model X.

We’re going to assume that I paid the sales tax plus the 20 percent down on the Model X in cash, and financed the rest. That’s a $24,198 cash payment, and $96,792 financed. According to Statista, average new car loan terms in November 2022 were around 6.05 percent APR. We’re going to assume that I scored a 72 month loan, and that would put my monthly payment at $1,606.41.

Let’s say I drove 10,000 miles in that year, and I pay 9.6 cents per kWh for electricity service. Most of the time I’m using this hypothetical Model X for commuting, but will occasionally drive long distances and rely on the Tesla charging network, say a quarter of the miles. Tesla throws in charging for the first three years on a Model X sale, so we’re only really paying for 7,500 miles worth of electricity. The EPA rates the Model X at 33kWh/100 miles, meaning I used approximately 2,475 kWh to drive that 7,500 miles, and paid about $237.60 in electricity to charge up at home.

At the end of twelve months with the car, I have paid $57,302.72 to own it and insure it. Unfortunately the outstanding balance on my Model X loan is $82,993, and Tesla just dropped the price of a new Model X to $79,990. Even if I can get the $80,000 price that CarGurus says I can, I’m still almost $60,000 in the hole to own this car for a year. Yikes.

Obviously buying a new car is almost always going to be a money losing proposition. Elon might have convinced some people that buying a new Tesla would get them an appreciating asset, but that was a lie then and it remains a lie today. If you’re looking for a way to make best use of your money, don’t buy a new car, and don’t listen to the world’s richest man.

 

  • Hook 'Em 2
  • Haha 2
Link to comment
Share on other sites
Brisketexan

Brisketexan 106969

Posted
Posted
4 minutes ago, Francisco 2.0 said:

https://jalopnik.com/if-you-bought-a-tesla-one-year-ago-it-has-lost-as-much-1851011677

 

 

 

 

Let’s Do Some Math

  Reveal hidden contents

I wanted a rough idea of the value lost in all those Teslas. So I did some math. I wanted to know not only how much Tesla has driven value out of their cars, but the owners as well. How much could be attributed to the drop in new car prices, but also how much of a price drop could be settled through regular daily use, too. Using some national searches from CarGurus and AutoTempest, I went looking for 2023 model year cars with fewer than 10,000 miles, clean titles, and no recorded use as a rental car. Just regular cars with regular miles. CarGurus has a nice tool that tells you if a price is fair based on its calculations of the market, and AutoTempest can search multiple sources at once and provide links to the cheapest examples in the country. Both of these tools are helpful!

Mega Depreciation
Let’s start with that Model X Dual Motor. As the most expensive Tesla, the X has a lot more to lose than the others. At the end of October, 2022, the cheapest Model X was $120,990, and that same car today is $79,990. According to CarGurus, a used 2023 model year car without too many miles is still basically worth what a new Model X is worth, presumably because there’s no wait time for the factory to deliver. The current wait time on a new X is two to three months, so maybe this makes sense if you need it now. The lowest price I could find nationally was $71,995, which seems like a good deal. That’s over $49,000 less than it cost new, and eight grand less than a new one ordered today.

A Model S Dual Motor is pretty similar to its X counterpart. It was originally $104,990, and the price has dropped precipitously to just $74,990 today. CarGurus says a used 2023 is worth around $71,000, but the least expensive example I could find was just $68,986. Bought one year ago, this seller is prepared to lose at least $36,000 for the privilege.

How about the less expensive and more popular Teslas? The Model Y is the best selling EV in history, and is constantly shifting new units. A year ago a new Model Y Long Range AWD cost $65,990, but today it’ll run you just $48,990, [and the recently-introduced Model Y RWD is $5,000 fewer still]. CarGurus says an average Model Y Long Range AWD is $46,000 on the used market, while I found the lowest priced example was $43,165, accounting for a loss of at least $22,825.

Model 3 depreciation has typically been a bit lower than the others, largely because it is the cheapest entry point to the Tesla lineup, and as a result is still in pretty high demand. The rear-wheel-drive Model 3 was available last year, so we’ll work our estimate off of that one, and it cost a whopping $46,990 a year ago. Tesla has dropped that price to just $38,990 since, and used 2023 model year cars are still selling for $37,000. There are a few examples selling under $30,000, including this potentially desperate seller, asking just $28,499.

5f833e48951c0e068d28d7aafea74406.jpg

 

To recap, a Tesla Model X Dual Motor buyer in early November 2022 is now looking at an average of $41,000 loss if they were to sell their car. The good news is, they could basically sell it and immediately turn around and buy another one brand new today. Faced with the same scenario, a Model S Dual Motor owner is looking at losing about $34,000, a Model Y Dual Motor Long Range owner would lose about $20,000, and a Model 3 RWD owner is hacking $10,000 out of their net worth.

More Math!
Keep in mind that this doesn’t account for finance interest, taxes, title fees, licensing fees, insurance, electricity, maintenance, or insurance costs. So let’s dig into that!

Sales tax is going to vary based on where you live, by state and city. For example, where I live sales tax is eight percent, so on a base Model X last year I’d have paid an extra $9,679.20 in sales tax. Title and license fees is another $50 for the year. Insurance, according to Nerd Wallet, is pretty expensive at $3,861 annually on average for a Model X.

We’re going to assume that I paid the sales tax plus the 20 percent down on the Model X in cash, and financed the rest. That’s a $24,198 cash payment, and $96,792 financed. According to Statista, average new car loan terms in November 2022 were around 6.05 percent APR. We’re going to assume that I scored a 72 month loan, and that would put my monthly payment at $1,606.41.

Let’s say I drove 10,000 miles in that year, and I pay 9.6 cents per kWh for electricity service. Most of the time I’m using this hypothetical Model X for commuting, but will occasionally drive long distances and rely on the Tesla charging network, say a quarter of the miles. Tesla throws in charging for the first three years on a Model X sale, so we’re only really paying for 7,500 miles worth of electricity. The EPA rates the Model X at 33kWh/100 miles, meaning I used approximately 2,475 kWh to drive that 7,500 miles, and paid about $237.60 in electricity to charge up at home.

At the end of twelve months with the car, I have paid $57,302.72 to own it and insure it. Unfortunately the outstanding balance on my Model X loan is $82,993, and Tesla just dropped the price of a new Model X to $79,990. Even if I can get the $80,000 price that CarGurus says I can, I’m still almost $60,000 in the hole to own this car for a year. Yikes.

Obviously buying a new car is almost always going to be a money losing proposition. Elon might have convinced some people that buying a new Tesla would get them an appreciating asset, but that was a lie then and it remains a lie today. If you’re looking for a way to make best use of your money, don’t buy a new car, and don’t listen to the world’s richest man.

 

Counterpoint: math is a woke mind virus, and Elon is a superbrain genius.  POINT AWARDED TO ELON.

  • Haha 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing


Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business and Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Subscribe!... Donate!... Advertise... COOKIE MONSTER!

×
×
  • Create New...