Teslas plummeting in value - Emperors no clothes moment?

Teslas plummeting in value - Emperors no clothes moment?

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Honeywell

Original Poster:

1,381 posts

100 months

Monday 23rd January 2023
quotequote all
Just listening to the Collecting Cars podcast and they've got onto how EV used prices have been collapsing.

I did look back in the Autumn at used Model 3's and there was nothing around that wasn't bent and under £38k. Now the classifieds have loads at mid £20's. Quite the change. As most are leased does this mean there is a long cold unpleasant bath for the Leasing companies?

Can they actually offload all the cars they shifted new in 2019/2020 when they were very hot property and the pinnacle of fashion? Does everyone who EV's suit now already have one? I've a massive farmyard, massive South facing shed roof for solar panels and only need a 180 mile daily range which Teslas all have easily. I have the 40% employer tax break scheme to shave £400 a month of the real lease cost of a 20,000 mile contract and yet I still don't want one and can't make the numbers stack up against a perfectly fine BMW diesel that's been around the planet a few times.

Is the stock market correct by indicating Tesla was a bit of a flash in the pan?





Honeywell

Original Poster:

1,381 posts

100 months

Honeywell

Original Poster:

1,381 posts

100 months

Monday 23rd January 2023
quotequote all
Yeah because Chris Harris and the guy who owns the Dick Lovett chain of car dealtherships have no idea about cars compared to a man called Mr Hedgehog.