Right here's Why Tesla Automotive Values Have Dropped So Quick

My family were going to get three Teslas at the end of 2022. All it took to end that was one tweet to end any future business I would have done with him or his company.

All this is wrong. When rates go up, people can pay less, as most people are buying on payment, so for the same payment they can afford less expensive car. This happens across the board, then cars aren't selling, dealers lower prices, supply and demand song and dance. Same reason we are seeing house prices fall. Nothing more nothing less. Nobody gives a damn if Elon is a Republican or Demo, nor any of this other mumbo jumbo.

The main factor missed, in my opinion, and not specific to Tesla is, nobody wants an electric car. Electric cars were only 5.8% of the entire car market in 2022…. Why would anyone want a car/truck that is so impractical?

It's really obvious. People that bought Teslas in the beginning were EARLY ADOPTERS. Those who want the "ooooh-ahhhhh" cool-factor attention at ANY COST but were so financially blind that Tesla was RIPPING THEM OFF BIG TIME. Now that there is FINALLY some COMPETITION, people don't have to buy Teslas, they can vote with their dollars on another product. That's what people are finally doing. Good ol' Supply and Demand – and consumers are demanding a better price and Tesla is responding – which depresses his used Tesla car prices. It's as SIMPLE AS THAT. And those Morons who bought "HIGH" are now kicking themselves, but they have to blame someone but themselves – so THEY ARE CONVENIENTLY HATING ON ELON for his recent drastic price drops. It has nothing to do with his politics – that's just an excuse. If it were about politics, then the RIGHT LEANING enthusiast would now be purchasing Tesla cars. Like… really…. purchasing a $100,000 car when a $30,000 car can take you to the grocery store and back equally as well?? There is no amount of gas/electricity savings that will make up for that $70,000 difference.

I think your last point is a major influence on Tesla prices. BMW MERCEDES and PORSHE have really nice EV options now. 7yrs ago Tesla was THE option.

Good.
Elon loves competition.

Like, hear me out, what if, Tesla`s price drop is a simple case of, the car doesn`t worth the asking price and people are just not burning their money anymore?

Musk's public persona hasn't really shifted for most people. It flipped out the fsr left. He isn't even conservative he is a Progresive Libritarian. But you nailed most of the real reasons for the dip.

Got a Tesla yesterday, in love like I love it

But I’m also 26 and retired with annual income of 130k…
Use the 20,4,10 rule b4 purchase & you’ll b cool .

It's pretty hilarious seeing all the crying fanbois in the comments replying to people SWEARING tesla has "no competition" whenever anyone mentions EV's from reputable manufacturers are now viable alternatives. They're literally living in their own made-up fantasy world with all that cope they're huffing and boofing lmao.

The deep state pays well eh buddy?

Wouldn't this affect their profit margin? So basically the current market rate is based on the current profit margin.

Because noone is buying the crap cars. Tesla only has 1% oif the world market. when no one else above the 1% want yous shitty car you have to lower the price to try and make money. Also every car manufacturere on the planet is coming out with Electric cars. Tesla is screwed. Elon the moron has tanks the stock to the tune of 800 billiob dollars. He has lost his 44 billiob for titter. LOL Next to trump, musk is the worst busimess man on the planet. Funny shit. People losing there entire life saving becasue they think elon is a great business man HAhahahahahahahaha. NOT. He was born rich then just assumed he is better than everyone else and is now finding out he is just another uneducated moron who's mommy and daddy made all the money and left it to there idiotic son.

The thing is, the fact Tesla prices have fallen is because the economy is hitting the buffers. This isn't really an anecdote for a car channel or even a Tesla thing, this is a symptom of the economy that should be on an economics channel. Pretty soon, falling Tesla prices will be the least of it!

ELON MUSK IS FINE BUT NICE TO SEE HOW LIBERAL YOU ARE

There is a dealer in GA that has 3 teslas for sale. One is a 2016 Model X P90D for 39k and the other is a 2019 Model 3P with FSD for only 29.9k. Those are just crazy prices.

I've been saying it for a long time now. While I don't think Tesla will fade into obscurity, it certainly won't be the sales leader in the future and I'd argue for a different reason. Tesla abandoned the notion of the EV for the masses. The competition namely the legacy automakers have stepped in and while they are still over priced in my eyes, they still have many advantages over Tesla. It will be a niche brand and possibly just a luxury brand, it won't be the company with the EV for the masses and for the following reasons.

1) The first is brand loyalty. Brand loyalty is much stronger in car ownership. Your typical Toyota owner won't bat an eye at Tesla especially with their abysmal quality problems. They will wait for Toyotas own electric vehicle and in the meantime get hybrids. Ford also has a high brand loyalty and now they have solid EV offerings especially with the Mach E.

2) Legacy automakers have an opportunity to offer an EV for the masses. Think of successful cars like the Toyota Corolla, VW Beetle, and other vehicles like these that sold in the tens of millions. What made them popular? We have a saying in Spanish that says "Bueno, Bonito, y Barato" (Decent, Attractive, and Affordable). In China, the worlds biggest EV market, the best selling EV is the Wuling Honguang Mini and the BYD Song Pro/Plus. Two affordable EVs aimed at the mass market. Elon and his greed abandoned this notion and decided to make Tesla into a luxury brand even his two models that were intended to be the affordable models (3 and Y). At $60k, a Tesla Model Y is anything BUT affordable, its aging cars aren't attractive anymore, and their quality issues don't make them decent. The luxury market, while not small, pales in comparison of size to the mass market of working class Americans. The legacy automakers who have been in business much longer will see this opportunity and snatch it from Tesla. Personally I see GM doing this with the Equinox EV. Not only because the Equinox EV will be priced at a highly competitive $30k, but because the best selling EV in China is a SAIC-GM product so GM already has a full understanding of this notion Elon fails to comprehend. The mass market wants an affordable EV. They could care less for an overpriced EV that makes fart sounds through the horn or can allow you to Netflix and Chill while waiting hours to charge.

3) Unlike Tesla (and Rivian and Lucid), the Legacy automakers can afford to sell EVs at a loss ecause they can still make up the loss in their ICE cars. I remember reading that GM and Ford already plan to sell EVs at losses but make that up with sales of their ICE SUVs and Trucks. Once mass production picks up, they can start making profits off their EVs and then start cutting back on ICE vehicles. GM already expects to make profit on their EVs by 2025. But the point is, they have an established business of ICE vehicles to give them a financial buffer. Fortunately for Tesla, they have had the head start and the solid economy as well as low interest rates to have allowed them to thrive. But companies like Rivian, Lucid, or Fisker, I am not so bullish on.

Elon owned the libs so hard he forgot they are the only ones who buy EVs