S85 Model with 10k miles big wheels Burgundy......looked ok....$112 MSRP this car couldn't pull $66k looks like the wholesale market isn't buying into Tesla like Rover..Rovers are still $20k over MSRP used! If these cars tank at the Auction there goes the 3 years repurchase program value. You thought burying $10k into a new car is haunting wait until your buried $20-30k in one of these if you get tired of plugging it in.
How in the world can the audit firm confidently predict how much to expense each year to reserve for buy backs, reserve for fires, reserve for battery replacement? This is all unchartered water but the decisions will have a major impact on Tesla's income statement. Elon seemed almost flippant about the fire damage buyback but that amount could be signigant if the batteries prove to light up in a lot of undercarriage strikes. I would bet that Elon never even consulted with a lw firm, his auditors, or perhaps even the board of directors before proclaiming that buyback. Elon is basically out of control at this point.
Great question decoy regarding the reserve for buybacks under the "lease" program. I have been thinking about that issue too. I know the first post of this thread only addresses 1 car and markets change. But it will be interesting to see how these cars hold up in value. Potentially big liability brewing for TSLA but too early to tell. Bottom line is this, despite the fires and the NHTSB review and the shady accounting this company will be properly valued when it's valuation metrics are in line with the industry. Right now they're so out of whack its laughable - and we have analysts still coming out with outragous predictions based on assumptions they pull from their butt.
do you get tired of plugging in your computer? or your cell phone? why would you get tired of plugging in your car? TSLA will have boats, planes, cars, trucks. wake up. this is the future.
You people act like Eloon invited the first car or made the first battery. Its like mixing chocalate and peanut butter. His cars are designed to do the same thing a BMW/GM/F/TM etc is designed to do. Move people from point A to point B. Period. They don't fly. Its all packaging and hype, not some Star Trek technology. I'm not opposed to people buying the model S, it's their money they can spend it however they want. My bet is that the stock is overpriced based on actual results reported by TSLA and what I percieve will be a lack of general demand for the car. Since the model S will only appeal to certain people in certain geographic regions, it (IMO) will never achieve the sales volume required to come close to supporting its current share price let alone $ 200 like some of these shill analysts are reporting.
Sentiment: Strong Sell
most people get tired of going to the gas station and getting panhandled and then getting bent over and plugged for the price of gas. believe me, I drive an 80's model truck. i would buy electric if i could.
Jndesk, the problem will not be the customer's at 36 months. It will be an enormous Tesla problem. If, in fact, the 4dr can't bring at least 48% in the lane @37 months, the losses Tesla faces will be monumental. That would be a problem Musk can't gloss over.
ballcoach, Tesla agrees to repurchase the car for 50% of original purchase price and 47% of the original options added if I'm not mistaken. The Riverside Auction referred to is probably a wholesale auction isn't it? Customers faced with the prospect of selling their cars back to Tesla in 3 years will be looking at retail prices when making their decision won't they? The lease/put option has the potential to be a huge problem for Tesla if they get put back a significant amount of cars. I don't see it happening unless the cars have lost more than 50% of their original sales price in 3 years.
Based on the information posted above regarding the wholesale price action, how much retail depreciation would you estimate has taken place so far? And, can you make a reasonable guess as to what the retail value might be in 3 years? Thanks in advance.
Sentiment: Strong Sell