Expensive lesson, try not being a sucker next time.
“Oh no my shitty car depreciated” god who would have guessed
Pictured: typical parking job from cyber truck owner.
Self parking. It enjoys rolling over a squirrel, cat, dog or pigeon.
It’s a real problem to get rid of Leon Musk too. So this is intentionally.
Aren’t you literally not allowed to resale a Tesla (RIP First Sale doctrine)
Waaahhhh I made a bad financial decision and no one wants to bail me out at a 20% loss.
Lol. Lmao even.
Apparently Elon unfollowed MKBHD after he posted selling his Founders Cybertruck at a $50K loss and saying the Rivian RT1 was a better truck lol.
Oh no! Did he huwt the widdle man’s feewings?
Between price drops and the cybertruck recently qualifying for the federal EV tax credit, buyers can get a brand new unit for what this guy is asking. This early adopter paid too much and got a bad deal, but there’s no mystery as to why no one wants to buy at his asking price.
If he’d literally give it away, I’d accept it.
I would too, and I’d resell it immediately because I don’t want to be seen dead in a Musk automobile.
I don’t want to be seen dead in a Musk automobile.
The only thing separating us from domestic terrorists
the chances of that being how you’re seen in one are non-zero
I’d still drive it for a little bit. Just bc I regularly drive 20 y.o. vehicles.
Remember? The value of an item is what you get paid for, not what you want to get from it.
Yeah but think about all the labor that went into making his worthless dumpster truck.
I refuse to believe you can’t find a Bigger Idiot to buy your used Cybertruck.
Not for the ridiculous price he’s trying to sell it for.
One major issue for Sledder here is that since Tesla started Cybertruck deliveries, the starting price for his vehicle has significantly fallen…That further lowers the starting price to $70,500.
My man found out the hard way about depreciation. All my life people have said never to buy a new car because it loses 20% of its value the moment you drive it off the lot. If you really want to drive new cars the best way to do it is lease and change every couple of years (this is still not financially sound, just better than buying new).
20%? I always heard 50% lol
cars are kind of a scam
cars are kind of a scam
The sadder scam is that most advertisements about car are like this https://youtu.be/KIvC5wsoW2Y (literally the 1st video I found) namely :
- you are alone on the road (even in a city center here!)
- you are driving in gorgeous scenery (here city without any ads or trash, country side, parks, above empty bridges, etc)
- you are smiling while driving
Whereas the reality is, for the vast majority of people (I’d wager 99%), you will drive bumper to bumper for hours to go from home to work then work to home in polluted cities, going through rings roads, stopping are red lights, etc.
Cars are a scam in so many ways but IMHO the worst one is the promise of pleasure while driving.
What’s the best used electric car?
I’m afraid that logic doesn’t translate because batteries don’t last 300,000 miles like the engine on a good ICE Toyota.
Batteries do last 300,000 miles. They might give only around 80-85% of their original range, but they are still very usable vehicles. Again this also depends on the reliability of the manufacturer and on the how the user has maintained the vehicle.
Just like how a shitty hyundai engines from back in the day would not last 300,000 miles, poorly managed batteries (like in the older generation nissan leafs) will also not last that long.
I just went into an electric motorcycle shop here in my country, and I was told the battery would need to be replaced every 3 years.
Most electric vehicles that ive found will not last 300,000 miles. Worse, I can’t figure out which will last and which won’t last.
Motorcycles batteries won’t last as long as car batteries. The main reason being motorcycles (at least in the west) are designed to be high performance, fun to ride machines. Smaller batteries (because motorcycles don’t have much space) combined with higher discharge rates (because they are being driven fast for fun) means more cycles on the battery.
For comparison, I drive a moped/e-scooter that is has been tuned for slow, local rides. That thing comes with a 7 year, 80000 km warranty on the battery so the manufacturer thinks the battery will last at least that long before hitting 70% SoH.
Most electric vehicles that ive found will not last 300,000 miles. Worse, I can’t figure out which will last and which won’t last.
Modern 4 wheeled EVs (mainly cars) should last that long. Bikes/motorcycles will not and frankly, I have never seen a motorcycle or moped (ICE or EV) last for nearly 500,000 km on the original powertrain.
@jagged_circle @TheDrink reliable condition testing of batteries may be a big deal
“I’ve owned it for 8 months. It is depreciating like a rock. I have already lost over $20k in 8 months. I want to cut my losses and move on, but I can’t give this thing away unless I lower the price to probably $79k. Sucks.”
This right here sums up the unrealistic expectations of the average Tesla owner. Cars immediately depreciate the moment you drive them off the lot, no car is immune to this. The average new car loses 10% in the first month after buying it. It loses over 20% in the first year. For those who are playing along this track’s with exactly how much this doofus has “lost” on his truck.
The average new car loses 10% in the first month after buying it. It loses over 20% in the first year.
The theory behind this is that you’d only be selling a slightly used car if it was a lemon. The exception to the rule is resellers who already have a buyer lined up when they take possession of the vehicle.
But because Musk-o-philes are all Bitcoin brained and cannot conceive of prices ever going down, they’re routinely shocked to discover that cars are for driving and not for speculating.
Anything’s for speculating if you’re dumb enough.
No, I’m not eating $2000 worth of fast food, I’m investing. People will pay 10x that for recently deceased human organs, and I’m using my money to unlock that earning potential
Tesla’s have the absolute worst resale value compared to ICE, PHEV or Hybrids. Batteries degrade over time and with increased usage, so by the time you try to sell a Tesla that’s a few years old, a lot of the advertised maximum capacity has escaped from that battery and the cost of a replacement likely exceeds the value of the entire used car.
Two of my coworkers got fantastic deals on used Tesla’s because they go for so cheap on the secondary market and California is awash in them so there’s always someone somewhere trying to get rid of theirs and usually for less that what it would normally blue book for.
Also funny that he talks about the price depreciation, while complaining about not being able to sell it. How do you want to sell a buyer on “this will depreciate quickly in price, but please pay a price notably above current market prices”
You’re right.
Top Gear did a piece about the Aston Martin Vantage. New, £170,000 (GBP). 20,000 miles later it was worth £80,000. 90k depreciation in less than a year.
Dumb people do dumb things. News at 11.
Though I’d say this one takes it to a whole new level because of a few extra factors:
- Pre-orders were priced for exclusivity. Iirc, Tesla was having a lot of production/inventory issues when the pre-orders were collected. I’m not sure how much the deposits were, but they’d have added some sunk cost to the situation, making it harder to walk away when it might have been clear that they would be a shitshow. No one has a deposit on anyone’s used cyber truck to add incentive to pay the rest.
- Elon’s reputation hadn’t sunk so low when pre-orders were made. Iirc, it was after the whole submarine/pedophile thing, but it seems that many didn’t see the writing on the wall from that event.
- They turned out to be pretty bad. Other Teslas have and had issues but the cyber truck has had some particularly embarrassing ones for a truck. Like not handling rain or sand well.
- It looks so unique that it doesn’t really fly under the radar. The two other very hated vehicles I can think of off-hand, the PT Cruiser and the Aztec, were ugly but still looked similar enough to other vehicles that many people didn’t know what they were or that they were so unpopular. People could buy one before they realized, and it was easier to not care what others thought. The cyber truck looks like a 90s video game truck in a time when memes reach many more people, to the point where openly laughing at cyber trucks you see in RL might be a meme.
- Cars and trucks are expensive in general, but this one is on another level. While I might be behind on inflation, the price is comparable to a mid/low-end Porsche (~80k for a boxter, ~120k for a 911 is my benchmark, though it’s old but it’s also CAD, so maybe it works today for USD). A) why would someone want that more than a Porsche? B) most people can’t afford a Porsche.
Not to mention the people Elon is pandering to these days either have trouble affording his vehicles without a dealer trying to convince a bank to take the loan, or can easily afford it but have money in part because they don’t spend it on stupid shit like a cyber truck.
All of that on top of the usual depreciation.
Not to mention the stainless steel it’s made of is not even the type that resists rusting. Did you see the state of the Cyber truck that MKBHD sold? It look like a fucking derelict prop from a post-apocalyptic movie set.
I’ll take it for free, I suspect a Cybertruck might be fun to paint in dazzle camouflage, at least it’ll hide the shape
You would even have the guillotine frunk. You know, in case you need to chop a
billionairecarrot on the go.
And here I thought Teslas were an appreciating asset.
/s
I appreciate that I do not have a Tesla
We appreciate how it depreciates
Sledder also shares that over his lifetime, he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.
Not sure why he’s mentioning exotic cars and Cybertrucks in the same sentence. Anyways, he was a sucker the moment he paid the extra $20k or whatever for the Foundation Series. He was never getting that back.
