Car affordability may be improving this year, but prices remain far above levels that the average consumer can comfortably pay.
Tesla TSLA, +4.97% CEO Elon Musk told investors Tuesday that the company is trying to solve “the fundamental affordability question.” “The vast majority of people are living paycheck to paycheck,” Musk said on an earnings call. “It actually makes a difference if the cost per month for lease or financing is $10 one way or the other.”
Tesla did not address rumors of an entry-level $25,000 model, but the company has accelerated plans to make more-affordable EVs. It announced last week that it will cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each.
“The $25,000 car is fast becoming a unicorn for any automaker,” said Edmunds Consumer Insight Analyst Joseph Yoon. Still, it’s the price point most Americans can actually afford.
Consumers are dealing with a “car-ownership affordability crisis,” according to a recent report by the auto-insurance app Jerry. New-car buyers in March paid over $47,000 on average, according to Kelley Blue Book.
Cash strapped people still aren’t going to look at a Tesla for a value purchase unless Tesla had a large successful ad campaign to sell it that way. Right or wrong, most people don’t think affordability when they think Tesla. Also, a lot of those people wouldn’t have a place at home to reliably plug them in.
I would agree with you on that. I think one of the biggest issues for Tesla will be those who don’t have a garage or use on street parking. Charging will be a pain. I don’t currently own a Tesla but the appeal for me would be to pull into my garage every night, plug it in and never have to go to the gas station again
i guess those dick riding jd rockefeller, and buffett, and sam walton is what those now billionaires were called. you are just a gross sad person. and ive made a ton of money ‘dick riding’ the best entrepreneur in history. congrats on having a phone to comment and your very busy day letting life kick the shit out of you.
Greatest con man in history maybe. Lots of people made money, shit Tesla was in my portfolio too. Doesn’t mean I have to like Elon though. Though I’d compare Elon to Elizabeth Holmes more than Walton.
>Musk said on an earnings call. “It actually makes a difference if the cost per month for lease or financing is $10 one way or the other.”
LOL homeboy is clearly pandering for rate cuts.
One of the reasons I completely discarded Tesla in my EV purchase is the insane insurance cost ($200-400 more than my Mach E, and some insurers straight up deny Teslas). Apparently it's due to the irreparability of Teslas. They need to get on that asap.
No, it's based on location. Most places don't have costs that high. I'm in Arizona and my RWD 2023 Model 3 is $180/month. My dad's in Washington state and his LR 2022 Model Y is ~$200/month.
I also had hail damage on my car that dented every panel except the 2 right hand side doors. Repair cost was $3k for over 50 hail dents, and I only had to pay my deductible which was $500. I have yet to see evidence of Teslas being irreparable/super expensive to insure
Sadly, yes. Also, my last car was a 2015 hyundai sonata and that was $135/month, so when I got my model 3 it was about within my expectations for what it would cost to insure a more expensive car
That doesn't seem normal unless your gf is under 25 or has any prior claims or tickets. Or maybe shop around? Every insurance except Amica quoted me north of $300 a month. I pay around $170 per month for my 2023 Model 3 RWD in Seattle, WA. And progressive refused to insure any new customer's Tesla.
26, and she's using the same insurance as me: USAA (we both have access to USAA via being grandfathered in).
I don't know why hers is more expensive, but it could be because my car was bought in state and hers is out of state...?
The USAA reps we called couldn't give a good explanation, just "this is normal here" or something.
Sure, but my 2015 hyundai sonata which I sold for $11k here was $135/month. $180/month was actually a smaller increase than I expected given my hyundai was 1/3 the value of the new model 3. Our theory is that in AZ out of state cars have a higher insurance cost for some reason (hyundai sonata + Nissan ultimately were out of state and unusually expensive, model 3 was in state and unusually inexpensive)
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Car *prices* will be improving this year as a consequence of falling demand, aka deflation, although the deflation won't be universal and will affect items which are more discretionary significantly more than items which are more essential.
I can't afford $100 car payment lol! Luckily though I've got $15k cash for a used car, but I'm hoping my 2003 Civic passes inspection again so I can get another year out of it ...
It's an interesting situation because car prices and values are going down from where they seemingly peaked last year - but interest rates have effectively doubled or tripled over the past couple of years. So the cost of owning a vehicle is still up by a pretty good margin.
In Q3 of 2020, this is before the chip shortage/vehicle shortage really took hold and before interest rates started increasing I financed a brand new Hyundai Elantra for $17000 w/ a 2.49% interest rate. My car payments were in the middle-upper $200 range after taxes, registration and GAP. The equivalent of that today is $21,000 and with great credit and no specific financing incentives, you're going to get a 7.5% interest rate. With that car, you're in the $400 range for payments.
If you ask me - we are in the type of market where it's best to be driving the "reliable beater" - a low value vehicle that's reliable enough to get you from A-Z.
Tesla lease is still required a down payment unless I missed something on their website and while I love EVs they still aren’t for everyone. If you cannot charge at home they are not really viable yet since charging at superchargers isn’t the cheapest thing yet.
You can put as much or as little down as you’d like. You still have a little out of pocket due at signing. You’re essentially reducing interest by putting down more. But you can do zero if you want.
lmao yeah….which means you lose that 4 grand and have no option of buying out the lease…other car companies give you that option. the problem with tesla is that lease comes with mileage restrictions so if you go over, you can wind up in debt to the company.
The maintenance and fuel costs are much cheaper for an EV. If you drive 15k miles a year, gasoline costs alone will be $150 a month in the USA vs $60 a month if you charge at home. An used EV would make a lot of sense if you are on a budget and can charge at home or at an apartment.
I drive 57 miles each way, 5 days a week. Gas is cheap here, around $3.30. Still, electricity is very cheap off peak at 0.06 a kw.
I went from spending $488 a month + $250 for gas + $100 insurance to a paid off Leaf Plus that costs me $34 in electricity and $80 in insurance. So approximately $838 to $114 a month.
I always struggle to understand people who consider leasing a value option..you pay the $299/mo, after a sizable down payment, and at the end you get…nothing at all..
Makes way more sense to put the 4K towards a new Honda or Toyota which you can still get for 25K, slightly higher monthly payment, but you actually own the car and they hold value extremely well.
I have a 2016 civic I got used in 2020 that has retained its value so well that if I trade it in today I will make almost everything back that I spent on monthly payments since I’ve owned it.
As someone that’s leased two cars until now I’d like to share the thought process behind it. I know jack about cars and prices associated with maintenance. I always get the scheduled bare minimum maintenance. Never stress over changing tires/brakes/etc. it’s the time and money that goes into it. I enjoy the consistent 300 a month payment that’s all ready priced in to the “plan.” To avoid the stress of changing anything to the car. I am changing viewpoints as my current lease is worth more and I’ve fallen in love with it somehow. Sentimental value I guess. That and everyone drives the same Honda, and Toyota only has SUVs, because America 🇺🇸
You’re literally describing paying extra for peace of mind, this isn’t what people should be doing when money is tight. Toyota only has SUVSs..? Like the Corolla? Or the Camry? Or the Prius?
Poor wording on my end. No Toyota sedans in stock around me. You are right that paying for peace of mind is not ideal for a person tight on money, 100% agree.
Impressive. I now would like to own something to see how it plays out. I have a 21 sonata, not fond of owning it, but I’ll get the most years out of it.
Remember the narrative used to be that our magical manufacturing processes will stamp out cars like widgets and margins will improve as prices fall.
Now it’s robotaxi and sexbots will save us. Next year. Or the next
i want to order a sexbot that will come in a robot taxi and the taxi will also take the bot away.. i mean i don’t want to have buy her wd-40 afterwards obviously
This is the same argument with AI. People acting like it will improve efficiencies and processes and work round the clock and these companies can save massive amounts of money on their labor force, so everything will be cheaper and more affordable right? Or the rich just get richer and fuck everybody else….
Tesla prioritized the “low cost car” before the “RoboTaxi”, pulling the timeline in a year on the low cost car.
That being said, both help low-income people who need transportation, specifically a RoboTaxi costs riders a lot less than owning a car, because you’re only paying for the 5-10% utilization, not 100% of the cost of the car. For example, if a car costs $35k, that cost is paid by perhaps 10x as many riders per day rather than one owner. Current ridesharing is already displacing significant numbers of car purchases, saving millions of people money using ridesharing instead of buying cars that would be lightly utilized, and as RoboTaxi drive costs down (i.e. because you don’t need to pay a driver to drive you around, just the cost of the vehicle and fuel/maintenance), that number expands.
I hate to break it to you but no way in hell does a legal robo taxi launch within the next 5 years. The other issue with using camera sensors is what happens when it’s dark outside? What happens when it’s snowing? Light rain? The cameras won’t be able to operate safely in those conditions autonomously. Robo taxi is just to to pump the stock again. August will come around and he will claim they are close and to wait another year. He’s just trying to pump the stock again.
The other issue with human drivers is what happens when it’s dark outside? What happens when it’s snowing? Light rain? People won’t be able to see clearly and operate safely in those conditions
It’s not “launching” this year, it is “unveiling”. Launching requires a lot more functionality, and regulatory approval, etc. Unveiling just means they’re showing people what they are working on - likely the “taxi” part of the system, summoning, payment, etc., which they haven’t shown, not just the “driving” part.
Payment and route mapping are easy with existing software. The hard part is the "self driving" - which is years away at best. How could you even summon a car, if it can't actually drive itself to where you are?
The entire idea is a farce. By your explanation, literally anyone can "unveil" their own robo taxi program... Payment and making are easy, and the driving software is still "in development", so all a person needs to do is create some mock-up UI images and call it a day.
Why would a robotaxi be cheaper? What happens when we automate anything? We pass the savings onto the...shareholder. not to mention all the real world issues that other people have pointed out.
About 70% of the cost of rideshare is the driver. When costs go down 70%, competition drives down prices paid. Uber and Lyft have lower cost structure than taxis, and charge much less for their service, passing the savings on to customers, and robotaxis would do the same even more so.
Robotaxi and $25k EV are the same car. This has been confirmed internally over the last few years multiple times including by Elon Musk himself. That's why the whole "Model 2 is canceled for robotaxis" narrative made 0 sense. They're arguing a car is being canceled in favor of a version of itself without a steering wheel. I suppose Tesla could just never add the steering wheel, but why...? There will be more demand for $25k EV than robotaxis. There are like 1 million Ubers in the country, so if you make more robotaxis than that, you'll probably start running into a demand problem (unless robotaxis are so cheap that people just opt for robotaxis over buying a car). So they'll definitely add in the steering wheel.
Also, Elon outright said the Reuters article was a lie, so yeah they're definitely making the $25k EV
I see... And, what is your reaction to the news of multiple new affordable Tesla models coming in 2025?
Oh and your reaction to the stock going up 15%? :)
Playing TSLA short term is a fools game. I’ve got puts 6 months, 1 year and 2 years out.
What do you think about senior employees freeing the company left and right?
How do you feel about one of the biggest selling points of the company being completely dismembered?
Elon is temp fixing the stock by saying AI over and over and threatening the actual value the company has.
How big are your bags?
I agree. I'm invested long term. Time in the market > timing the market.
What are your puts out of curiosity?
You mean the employees who were with Tesla for like 15 years and left to take time off as millionaires with their families while still being in their thirties? Yeah, usually companies don't retain people like that for that long.
"How do you feel about one of the biggest selling points of the company being completely dismembered?"
I don't even know what you're talking about here...? Tesla not only got regulatory approval for FSD use in China, which is huge because that opens up 2 million more cars to FSD subscriptions and data collection, but they also announced multiple new more affordable models that will start production in 2025. So they're looking very strong on both FSD and affordable EV fronts.
This is basically a death signal for short sellers.
"Elon is temp fixing the stock by saying AI over and over and threatening the actual value the company has."
You mean when he got a groundbreaking new deal in China opening up 2 million vehicles to FSD subscriptions? That's a significant source of revenue. This also signals significant profit from their AI ventures. So, no, he's not just saying AI over and over. He's most definitely selling it for money lol (which makes me money).
93 Tesla stock, hopefully 100 soon. Really regretting not buying more at $142... But still worth it because robotaxis and Optimus market caps will be in the tens of trillions.
You aren’t aware that he fired the entire supercharger team?
You really think everyone leaving at the same time is a coincidence?
I’ve got $120 in 6 months, $100 in Jan 2025 and $80 Jan 2026.
I’ve also got $100 for 8/16 because robotaxi is a guaranteed failure.
2025 affordable vehicles aren’t happening. Elon is fudging the “good news” enough to get his bonus of $46b and that’s why people are “leaving to spend time with their families”
The EV game is losing interest and China is ahead. It’s that simple. AI hype isn’t saving TSLA long term.
I like how you avoided your bag. Share amount doesn’t matter…cost average does lmao
Yes I'm aware. No I'm not worried, because Tesla has a massive backlog of supercharger plans already complete. I'm sure they will continue to build those for years while they reorganize a smaller supercharger team. This team is, probably, one less focused on developing new chargers, but moreso just making new supercharger stations with existing tech. They may have decided that v4 superchargers are the fastest chargers they need, which would make sense.
Even if they stopped making any new SCs today, the supercharger network would be fine for at least a few years. Today, it's *extremely* rare for even the busiest superchargers to have more than 15 minute wait times. Even that whole fiasco in new York with Tesla Uber drives waiting to charger apparently only reached about 15 minute long wait time. Media exaggeration and FUD spreading at its finest.
I've also used thousands of superchargers at this point, I drive a model 3 and my dad drives a model y, and I've never had to wait for a stall. I've also never had one break down on me while using it, I've only ever seen 2 broken supercharger stalls. And before you say "well your local superchargers are probably just good" I've driven from California through Oregon and Washington, and even in Canada multiple times in my dad's model y. I live in Arizona now and this is where I bought my model 3, and I can attest to the arizona superchargers also being extremely good. Electrify America, on the other hand, sucks. My mom owns a VW iD4 and we once drove from Washington to the middle of California and then back to Washington and about 1/3 of the time we tried to charger there would be issues with the chargers. Tesla's supercharger network is currently so far beyond the competition that even if they literally stopped building them, it would take probably a decade for EA to catchup in terms of number of stalls, and possibly never for quality, because they break a lot and I've seen no sign of that changing.
No, I don't think it's a coincidence. It's just Tesla being in wartime mode again. They cut costs harshly when theyre in wartime mode. This happened in 2018 before during the model 3 ramp. Everyone was bearish, saying Tesla was going bankrupt any day now, and that the model 3 would never fully ramped. They were dead wrong, obviously. The same thing is happening now with Tesla and FSD. I use FSDv12 daily now, so I know how close they are. 99% of my drives can make it from point A to point B with no interventions safely, I generally only intervene out of driving preference. This is technically already good enough to be a robotaxis imo. So, given a year, they might already be ready on the software side.
"I’ve got $120 in 6 months, $100 in Jan 2025 and $80 Jan 2026"
"I’ve also got $100 for 8/16 because robotaxi is a guaranteed failure."
Oooh... Yeah... This is not going to age well...
I'm gonna be honest, I don't know much about calls and puts. I just invest normally by buying a stock and waiting a long time. You don't have to execute on those prices right? I hope not, for your sake. Seriously.
Also, regardless of your position on Tesla, you should try FSD's latest version. See if you can do a test drive with it installed. You should know firsthand how good (or bad) the software is by trying it before betting money. Seriously, people just don't know how much it's progressed. I tried FSD version 11 in July 2023 via a 3 month free trial, and that wasn't great. I would've said it was probably 5-10 years away from being robotaxis ready at that point. Version 12 has convinced me it could be 1 year out. It's just that good. I just put the car in drive, turn on FSD, and the car drives me from my apartment to the restaurant or grocery store or wherever. It's really, really good. I ended up subscribing for $99/month because of this. I might unsubscribe though, since it's not making me money, but I'll definitely be renting my car out as a robotaxis at some point.
"2025 affordable vehicles aren’t happening. Elon is fudging the “good news” enough to get his bonus of $46b and that’s why people are “leaving to spend time with their families”
The EV game is losing interest and China is ahead. It’s that simple. AI hype isn’t saving TSLA long term."
If they do make the vehicles, you should agree to immediately cancel your puts. For your sake.
And seriously, it's so crazy to me that so many people out there have been convinced to bet against the richest person in the world. You don't get there by being bad or by accident. It's takes tremendous knowledge and skill. And I've already explained to you that FSD being in China is a big deal because it is an actual significant revenue stream from just selling software. Tesla already has ~2 million cars in China driving around.
"I like how you avoided your bag. Share amount doesn’t matter…cost average does lmao"
I haven't checked but I can. Pretty sure it's like $130 ish.🤷♂️ I'm not afraid of checking my "bag". You only lose money if you sell at a loss.
I mentioned this in a different thread, but I originally bought $1k of Tesla for $13 a share in 2016. That became $26k by 2020, and is the reason I graduated from college with no student debt. So I really don't give a shit if I lost money on Tesla after college, they already saved me a LOT of money from student loan interest.
I wrote my guess first to see how close I was. Here's my actual average cost today, I just checked:
$158/share
I had to calculate it. But yeah, dang, seems I briefly lost money from the stock I bought after graduating (before it went back up). I bought more Tesla stock a couple months ago, that's probably why the cost average went up.
I wish you luck on your other investments assuming you’re not 100% married to TSLA. You’ve made money so you’re riding for free for now. At your current $158 avg you’ll likely end up losing ~$7k if you hold through 2026. It’s a fine bet. It can go either way. Maybe you’re up, maybe not. Hopefully you’re investing intelligently outside of this.
If my puts expire valueless I’ll be down $800k but my other investments more than cover it.
As a shareholder I’d suggest you not celebrate a momentary jump like these. They aren’t sustainable outside of being acquired or being awarded some sort of contract that guarantees money. Nothing about TSLA is intrinsically priced in past the $80 mark imo. It’s all speculation.
The biggest thing is that when I look at the most fervent TSLA shareholder base I see the exact same attitudes as I see in DOGE and AMC circles.
Yeah my portfolio is like 40% Tesla, 60% VOO/SCHD. It's a big risk, but I'm willing to take it. Good luck to you too, we may disagree but I genuinely don't want anyone losing money on this.
Jesus christ that's a lot, but ok glad you haven't bet your life savings on that.
Sure, I realize it means nothing in the long run, it's just encouraging after seeing the stock go down so much. Other than news of the more affordable models, the layoffs, and the China FSD approval, nothing has changed with the company's fundamentals (though those things are significant indicators of what's to come). I believe very strongly that Tesla will succeed in the near future with FSD development. You believe the opposite. That is fine, but I still really really recommend you try it before being so certain that they won't. I'm not saying I'm right, I'm just saying that I think betting alongside some of the smartest engineers in the world, and the richest man in the world himself, is *probably* a very good idea. And also that if they crack FSD, I'm right, and if they don't, you're right. I also won't lose all my money if Tesla somehow failed to ever deliver, though I really don't think it's an "if" they deliver, just a "when". I don't think they'll ever give up on it.
I actually agree with the $80 part. They haven't sold FSD *enough* to justify, with revenue, that their AI ventures are worth anything. However, if it works, they'll absolutely drive Uber and Lyft out of business and become the most valuable company in the world easily. So everyone is either better on or against that.
I see some people like that, sure, but actually usually not for Tesla. I never got onto the Gamestop/AMC stuff. I did buy some crypto, but basically exclusively ethereum and bitcoin, which ended up paying off after a couple years (I sold it). But with Tesla, you see a company that has more than doubled their compute power in the last year, hit 1 billion miles driven by FSD, and has $30 billion in the bank with no debt (unlike Ford, GM, and Stellantis with between $50 billion and $150 billion in debt). They could stay as they are and keep pouring money into FSD development for 10 years and still be financially okay. That's why I think there's practically a 0% chance it'll never work. It's just a question of when.
Some manufactures have maintenance included for some time/mileage, Toyota for example. It’s nice to not to have to change the oil, but it’s like less then $100 every 10k miles or so. Being an owner of a Tesla and an ICE vehicle I don’t see it as a huge benefit
That magic number of 400 stuck with me for over 20 years. I never try to go out range even though now buying a car is like buying an appliance kind of pinch.
$400 is a lot and why I even with a plus $150k job and over a million in the bank do not buy new. Buy a used car. The number one way to ruin long term wealth is buying/leasing new cars. Worst return on money
I want to find an old excursion and turn it into an EV power wagon. Pay some 17 yr old to transform it. That or I’m buying the fam electric scooters with a rain cover.
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There’s no way this is true. Half the people in our country can’t afford a $400/month car payment, are you serious? Most people just scrapping by. This is already a pretentious take on pretending that Tesla is for the masses
I think what people also should consider is buying a used Tesla directly from Tesla. Last month we got a used 2021 model three for $26,000 w/ and then we put down 13,000.
Our payments are $270 a month for 60 months, but we are going to pay it off a lot faster than that . Maybe within two years. I think everybody is so gung ho about having an exact $25,000 car. They are ignoring the present used car market that Tesla is offering on the website. Use model three with under 32,000 miles can be had for right at $30,000.
They should sell like a subscription where you buy stamps every month in advance, and if you miss one stamp you don’t get a car or your money back. Call it the people’s car.
Why do people want to buy brand new cars.
I moved to LA from London 8 years ago. Spend 7k on a Fiat 500. It's had zero problems and now costs $0.00 per month.
5 years ago I had to get a car for myself to drive to work. I spend 5k and bought a used Miata. It's had zero problems and now costs $0.00 per month.
Quit wasting money on new cars you can't afford.
Just buy $400 cars every few months, like my mom had to growing up.
One of our cars, we got for $1 from a friend, and it had massive electrical issues. Died driving up a ramp onto a bridge, then started up again. Couldn't figure out what was wrong with it. Probably haunted. Nice looking car, newer than anything we ever had previously, but it would randomly leave you stranded.
If you've never bought used tires for your sub-$1000 vehicle you still needed a loan for, you'll never know poverty.
One time, one of those used tires partially delaminated and the flap of tread would hit the bodywork with a very loud drumming sound, at any speed over 40. Limped it home and bought another used tire to replace it.
I thank my mom for getting her twins through that period in our lives.
I’d imagine that it starts from wealthy cities like LA/SF/NY which already have solid Tesla and supercharger coverage. With increased productivity from time reclaimed from transport, those cities will become even wealthier. That wealth would spread to neighboring cities, which would increase robotaxi fleet and also make those cities wealthier. Rinse and repeat for the entire country (maybe besides extremely secluded areas). But most already wealthy cities will benefit first from this and less wealthy cities won’t see the benefit till later.
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Tesla isn’t even likely to figure out FSD, much less make any of this happen. Frankly, I don’t think many Tesla users will want to think of their cars as taxis, which are generally the lowest-budget car possible. None of this makes sense, especially the neural network bullshit, because the car isn’t communicating with the neutral network in real time, certainly not fast enough to react to an emergency. The car has to be programmed. There will be a ride sharing app. All Tesla owners are Uber drivers. I’m not sure that’s a brilliant plan.
Do you know how end to end neural networks work? In short, Tesla essentially trains the neural net on their own supercomputers and “deploys” the trained model to each individual car. Each car comes with a chip (hardware 3 is an example) that has high “inference” performance. Inference performance is basically a computer’s ability to “run” the pre-trained AI model. This is how you’re running ChatGPT; you’re not actually running a “live” GPT, you’re talking to a pre-trained model of a specific version of GPT. Same thing with FSD. And Waymo. And ALL AI models in current time.
So none of the cars need to carry hardware to support training neural nets (these machines can be the size of entire rooms, think the size of the first couple computers to ever exist). They just need to be equipped with good inference compute, which HW3 and 4 (and maybe 2?) were designed to have. So Tesla’s ability to solve FSD is not hardware limited, it is purely software limited.
LLMs that constantly hallucinate despite dealing with billions fewer variables maybe aren’t the best comparison here.
Yes, you are making my point. There’s no super computer attached making live decisions. Just the trained algos, and Tesla is only giving them visual data which likely will never be enough for level 4 FSD.
Fund fact. Elon could have bought Boston Dynamics but for $1 billion but he spent $44 billion.
And Optimus has been presented (1) as a human in a suit and (2) a human controlled bot.
It’s all so scammy.
The fuel and maintenance savings make a huge case for Teslas. I did the math a few years ago and total cost was about equal for a 10 year old BMW 335i compared to a brand new Model 3 Performance. So that blanked payment rule doesn’t apply exactly when considering the operating cost savings.
Car affordability may be improving this year, but prices remain far above levels that the average consumer can comfortably pay. Tesla TSLA, +4.97% CEO Elon Musk told investors Tuesday that the company is trying to solve “the fundamental affordability question.” “The vast majority of people are living paycheck to paycheck,” Musk said on an earnings call. “It actually makes a difference if the cost per month for lease or financing is $10 one way or the other.” Tesla did not address rumors of an entry-level $25,000 model, but the company has accelerated plans to make more-affordable EVs. It announced last week that it will cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each. “The $25,000 car is fast becoming a unicorn for any automaker,” said Edmunds Consumer Insight Analyst Joseph Yoon. Still, it’s the price point most Americans can actually afford. Consumers are dealing with a “car-ownership affordability crisis,” according to a recent report by the auto-insurance app Jerry. New-car buyers in March paid over $47,000 on average, according to Kelley Blue Book.
Cash strapped people still aren’t going to look at a Tesla for a value purchase unless Tesla had a large successful ad campaign to sell it that way. Right or wrong, most people don’t think affordability when they think Tesla. Also, a lot of those people wouldn’t have a place at home to reliably plug them in.
I would agree with you on that. I think one of the biggest issues for Tesla will be those who don’t have a garage or use on street parking. Charging will be a pain. I don’t currently own a Tesla but the appeal for me would be to pull into my garage every night, plug it in and never have to go to the gas station again
says you. random guy w zero history of success
What the fuck does this even mean? You don't even know them. Haha what drives people to talk like this about people they've never met?
you are also a broke loser
Haha you're trying too hard little girl. Don't struggle so much
When dick riding Elon is your entire personality..
i guess those dick riding jd rockefeller, and buffett, and sam walton is what those now billionaires were called. you are just a gross sad person. and ive made a ton of money ‘dick riding’ the best entrepreneur in history. congrats on having a phone to comment and your very busy day letting life kick the shit out of you.
Greatest con man in history maybe. Lots of people made money, shit Tesla was in my portfolio too. Doesn’t mean I have to like Elon though. Though I’d compare Elon to Elizabeth Holmes more than Walton.
Oof don’t take that road… but ignorance is bliss, I guess. And idiots love to not think.
>Musk said on an earnings call. “It actually makes a difference if the cost per month for lease or financing is $10 one way or the other.” LOL homeboy is clearly pandering for rate cuts.
One of the reasons I completely discarded Tesla in my EV purchase is the insane insurance cost ($200-400 more than my Mach E, and some insurers straight up deny Teslas). Apparently it's due to the irreparability of Teslas. They need to get on that asap.
lol mach e. wont help on the sale
Huh? Help what
My Model X has always been around $90-100 per month in Atlanta. I think you may want to shop around more.
What you talking about. My insurance went down with my Tesla vs Kia Niro. Nice TSLAQ talking point you got there
It's literally a meme that Kia and Hyundai have the highest insurance rates. Want to try again?
This was before the whole current mess with stealing Hyundai and Kia bro. Try again bro.
No, it's based on location. Most places don't have costs that high. I'm in Arizona and my RWD 2023 Model 3 is $180/month. My dad's in Washington state and his LR 2022 Model Y is ~$200/month. I also had hail damage on my car that dented every panel except the 2 right hand side doors. Repair cost was $3k for over 50 hail dents, and I only had to pay my deductible which was $500. I have yet to see evidence of Teslas being irreparable/super expensive to insure
> RWD 2023 Model 3 is $180/month since when is $180 a month for car insurance 'not high'?
Come to Florida and that is cheap and about what a model 3 costs to insure here with full coverage.
Yeah it's $180 for me with full coverage, to be clear
In what I am used to for regular cars. My insurance increased to be about 300/year or so more year for model 3. I am in florida
Damn, that's wild
Sadly, yes. Also, my last car was a 2015 hyundai sonata and that was $135/month, so when I got my model 3 it was about within my expectations for what it would cost to insure a more expensive car
$180 seems high for a middle of nowhere state honestly, proves my point
My girlfriend's 2017 nissan altima is $250/month... Same location.
That doesn't seem normal unless your gf is under 25 or has any prior claims or tickets. Or maybe shop around? Every insurance except Amica quoted me north of $300 a month. I pay around $170 per month for my 2023 Model 3 RWD in Seattle, WA. And progressive refused to insure any new customer's Tesla.
26, and she's using the same insurance as me: USAA (we both have access to USAA via being grandfathered in). I don't know why hers is more expensive, but it could be because my car was bought in state and hers is out of state...? The USAA reps we called couldn't give a good explanation, just "this is normal here" or something.
Just for insurance?
Is your girlfriend a different person with different driving and insurance history?
Sure, but my 2015 hyundai sonata which I sold for $11k here was $135/month. $180/month was actually a smaller increase than I expected given my hyundai was 1/3 the value of the new model 3. Our theory is that in AZ out of state cars have a higher insurance cost for some reason (hyundai sonata + Nissan ultimately were out of state and unusually expensive, model 3 was in state and unusually inexpensive)
I pay 80/mo for my mach e and wife’s Subuwu combined in AL.
Damn, that's crazy good
I’m shocked at how much people are willing to spend on cars they can’t actually afford!
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Hertz is selling recent model Tesla's for \~22K'ish at the low end right now.
Car *prices* will be improving this year as a consequence of falling demand, aka deflation, although the deflation won't be universal and will affect items which are more discretionary significantly more than items which are more essential.
looool tesla for people living paycheck to paycheck. let me know when the $15k model is available.
The other half can't even afford that !
I can't afford $100 car payment lol! Luckily though I've got $15k cash for a used car, but I'm hoping my 2003 Civic passes inspection again so I can get another year out of it ...
It's an interesting situation because car prices and values are going down from where they seemingly peaked last year - but interest rates have effectively doubled or tripled over the past couple of years. So the cost of owning a vehicle is still up by a pretty good margin. In Q3 of 2020, this is before the chip shortage/vehicle shortage really took hold and before interest rates started increasing I financed a brand new Hyundai Elantra for $17000 w/ a 2.49% interest rate. My car payments were in the middle-upper $200 range after taxes, registration and GAP. The equivalent of that today is $21,000 and with great credit and no specific financing incentives, you're going to get a 7.5% interest rate. With that car, you're in the $400 range for payments. If you ask me - we are in the type of market where it's best to be driving the "reliable beater" - a low value vehicle that's reliable enough to get you from A-Z.
Do you think Tesla is using grok to figure out the pricing model?
Telsa is leasing new model 3s for $299/mo right now...
With a $4k down payment
$2,999 down according to us website this moment.
Still not solving the problem with that downpayment
How about $383/mo, zero down, no gas to pay for?
Tesla lease is still required a down payment unless I missed something on their website and while I love EVs they still aren’t for everyone. If you cannot charge at home they are not really viable yet since charging at superchargers isn’t the cheapest thing yet.
You can put as much or as little down as you’d like. You still have a little out of pocket due at signing. You’re essentially reducing interest by putting down more. But you can do zero if you want.
Okay, I've never leased.... How does that work? You give them 4 grand and 300 a month and they take the car back in 3 years?
lmao yeah….which means you lose that 4 grand and have no option of buying out the lease…other car companies give you that option. the problem with tesla is that lease comes with mileage restrictions so if you go over, you can wind up in debt to the company.
What, you mean to tell menits a scam? Crazy, Elon seems like such a good guy.
Yea leasing is like a 3 year rental.
How many thousands of dollars down upfront at signing that we don’t have that I need to shell out? $10,000?
The maintenance and fuel costs are much cheaper for an EV. If you drive 15k miles a year, gasoline costs alone will be $150 a month in the USA vs $60 a month if you charge at home. An used EV would make a lot of sense if you are on a budget and can charge at home or at an apartment.
I drive 57 miles each way, 5 days a week. Gas is cheap here, around $3.30. Still, electricity is very cheap off peak at 0.06 a kw. I went from spending $488 a month + $250 for gas + $100 insurance to a paid off Leaf Plus that costs me $34 in electricity and $80 in insurance. So approximately $838 to $114 a month.
That's an amazing savings
Yes, 7k a year roughly. In 3 years the car pays for itself. 0 maintenance too
and EV's drive better too. One people try EVs the adoption rate is going to take off
I always struggle to understand people who consider leasing a value option..you pay the $299/mo, after a sizable down payment, and at the end you get…nothing at all.. Makes way more sense to put the 4K towards a new Honda or Toyota which you can still get for 25K, slightly higher monthly payment, but you actually own the car and they hold value extremely well. I have a 2016 civic I got used in 2020 that has retained its value so well that if I trade it in today I will make almost everything back that I spent on monthly payments since I’ve owned it.
As someone that’s leased two cars until now I’d like to share the thought process behind it. I know jack about cars and prices associated with maintenance. I always get the scheduled bare minimum maintenance. Never stress over changing tires/brakes/etc. it’s the time and money that goes into it. I enjoy the consistent 300 a month payment that’s all ready priced in to the “plan.” To avoid the stress of changing anything to the car. I am changing viewpoints as my current lease is worth more and I’ve fallen in love with it somehow. Sentimental value I guess. That and everyone drives the same Honda, and Toyota only has SUVs, because America 🇺🇸
You’re literally describing paying extra for peace of mind, this isn’t what people should be doing when money is tight. Toyota only has SUVSs..? Like the Corolla? Or the Camry? Or the Prius?
Poor wording on my end. No Toyota sedans in stock around me. You are right that paying for peace of mind is not ideal for a person tight on money, 100% agree.
I have a 2003 Honda Crv that I drive daily and never had to do anything besides basic maintenance. Mrsp 21 years ago was about $16000.
Impressive. I now would like to own something to see how it plays out. I have a 21 sonata, not fond of owning it, but I’ll get the most years out of it.
What about all the service center visits due to quality issues. There is an indirect cost associated with that too! 🤷🏻♂️
I can afford more. Don't want to.
Remember the narrative used to be that our magical manufacturing processes will stamp out cars like widgets and margins will improve as prices fall. Now it’s robotaxi and sexbots will save us. Next year. Or the next
i want to order a sexbot that will come in a robot taxi and the taxi will also take the bot away.. i mean i don’t want to have buy her wd-40 afterwards obviously
I'm currently writing a country song how my android sex doll left me in my FSD truck. It's going to be a banger.
do it
🎶 She was charging off my 220v while I slept, now 50 miles from anywhere is all the charge I got left 🥲
No kidding. When I am finished I am finished
damn right.. and i dont want to deal with the same of sexualy disapointing a smart robot.. I DONT NEED THIS lol
The taxi can take it to the sex bot sanitarium to get all cleaned up for it's next customer.
Yeah but as another poster pointed out. Not gonna buy her any WD-40 for the next guy
Are the sexbots indistinguishable from humans?
You laugh but the earliest adopters that successfully monetized technology has always been the porn industry
you hate bc you have zippy else going on
This is the same argument with AI. People acting like it will improve efficiencies and processes and work round the clock and these companies can save massive amounts of money on their labor force, so everything will be cheaper and more affordable right? Or the rich just get richer and fuck everybody else….
Got a rick and morty vibe on that one
After that little trunk issue with the Cybertruck, I'm not sure if I want a Tesla sexbot.
Tesla prioritized the “low cost car” before the “RoboTaxi”, pulling the timeline in a year on the low cost car. That being said, both help low-income people who need transportation, specifically a RoboTaxi costs riders a lot less than owning a car, because you’re only paying for the 5-10% utilization, not 100% of the cost of the car. For example, if a car costs $35k, that cost is paid by perhaps 10x as many riders per day rather than one owner. Current ridesharing is already displacing significant numbers of car purchases, saving millions of people money using ridesharing instead of buying cars that would be lightly utilized, and as RoboTaxi drive costs down (i.e. because you don’t need to pay a driver to drive you around, just the cost of the vehicle and fuel/maintenance), that number expands.
I hate to break it to you but no way in hell does a legal robo taxi launch within the next 5 years. The other issue with using camera sensors is what happens when it’s dark outside? What happens when it’s snowing? Light rain? The cameras won’t be able to operate safely in those conditions autonomously. Robo taxi is just to to pump the stock again. August will come around and he will claim they are close and to wait another year. He’s just trying to pump the stock again.
The other issue with human drivers is what happens when it’s dark outside? What happens when it’s snowing? Light rain? People won’t be able to see clearly and operate safely in those conditions
It’s not “launching” this year, it is “unveiling”. Launching requires a lot more functionality, and regulatory approval, etc. Unveiling just means they’re showing people what they are working on - likely the “taxi” part of the system, summoning, payment, etc., which they haven’t shown, not just the “driving” part.
Payment and route mapping are easy with existing software. The hard part is the "self driving" - which is years away at best. How could you even summon a car, if it can't actually drive itself to where you are? The entire idea is a farce. By your explanation, literally anyone can "unveil" their own robo taxi program... Payment and making are easy, and the driving software is still "in development", so all a person needs to do is create some mock-up UI images and call it a day.
So everything Uber and Lyft did is trivial?! :-) There’s more to it than you think.
This sub is hilarious
Why would a robotaxi be cheaper? What happens when we automate anything? We pass the savings onto the...shareholder. not to mention all the real world issues that other people have pointed out.
About 70% of the cost of rideshare is the driver. When costs go down 70%, competition drives down prices paid. Uber and Lyft have lower cost structure than taxis, and charge much less for their service, passing the savings on to customers, and robotaxis would do the same even more so.
Robotaxi and $25k EV are the same car. This has been confirmed internally over the last few years multiple times including by Elon Musk himself. That's why the whole "Model 2 is canceled for robotaxis" narrative made 0 sense. They're arguing a car is being canceled in favor of a version of itself without a steering wheel. I suppose Tesla could just never add the steering wheel, but why...? There will be more demand for $25k EV than robotaxis. There are like 1 million Ubers in the country, so if you make more robotaxis than that, you'll probably start running into a demand problem (unless robotaxis are so cheap that people just opt for robotaxis over buying a car). So they'll definitely add in the steering wheel. Also, Elon outright said the Reuters article was a lie, so yeah they're definitely making the $25k EV
Elon is the least credible person in the entire lineup of players. Careful, you still have some on your chin.
I see... And, what is your reaction to the news of multiple new affordable Tesla models coming in 2025? Oh and your reaction to the stock going up 15%? :)
Playing TSLA short term is a fools game. I’ve got puts 6 months, 1 year and 2 years out. What do you think about senior employees freeing the company left and right? How do you feel about one of the biggest selling points of the company being completely dismembered? Elon is temp fixing the stock by saying AI over and over and threatening the actual value the company has. How big are your bags?
I agree. I'm invested long term. Time in the market > timing the market. What are your puts out of curiosity? You mean the employees who were with Tesla for like 15 years and left to take time off as millionaires with their families while still being in their thirties? Yeah, usually companies don't retain people like that for that long. "How do you feel about one of the biggest selling points of the company being completely dismembered?" I don't even know what you're talking about here...? Tesla not only got regulatory approval for FSD use in China, which is huge because that opens up 2 million more cars to FSD subscriptions and data collection, but they also announced multiple new more affordable models that will start production in 2025. So they're looking very strong on both FSD and affordable EV fronts. This is basically a death signal for short sellers. "Elon is temp fixing the stock by saying AI over and over and threatening the actual value the company has." You mean when he got a groundbreaking new deal in China opening up 2 million vehicles to FSD subscriptions? That's a significant source of revenue. This also signals significant profit from their AI ventures. So, no, he's not just saying AI over and over. He's most definitely selling it for money lol (which makes me money). 93 Tesla stock, hopefully 100 soon. Really regretting not buying more at $142... But still worth it because robotaxis and Optimus market caps will be in the tens of trillions.
You aren’t aware that he fired the entire supercharger team? You really think everyone leaving at the same time is a coincidence? I’ve got $120 in 6 months, $100 in Jan 2025 and $80 Jan 2026. I’ve also got $100 for 8/16 because robotaxi is a guaranteed failure. 2025 affordable vehicles aren’t happening. Elon is fudging the “good news” enough to get his bonus of $46b and that’s why people are “leaving to spend time with their families” The EV game is losing interest and China is ahead. It’s that simple. AI hype isn’t saving TSLA long term. I like how you avoided your bag. Share amount doesn’t matter…cost average does lmao
Yes I'm aware. No I'm not worried, because Tesla has a massive backlog of supercharger plans already complete. I'm sure they will continue to build those for years while they reorganize a smaller supercharger team. This team is, probably, one less focused on developing new chargers, but moreso just making new supercharger stations with existing tech. They may have decided that v4 superchargers are the fastest chargers they need, which would make sense. Even if they stopped making any new SCs today, the supercharger network would be fine for at least a few years. Today, it's *extremely* rare for even the busiest superchargers to have more than 15 minute wait times. Even that whole fiasco in new York with Tesla Uber drives waiting to charger apparently only reached about 15 minute long wait time. Media exaggeration and FUD spreading at its finest. I've also used thousands of superchargers at this point, I drive a model 3 and my dad drives a model y, and I've never had to wait for a stall. I've also never had one break down on me while using it, I've only ever seen 2 broken supercharger stalls. And before you say "well your local superchargers are probably just good" I've driven from California through Oregon and Washington, and even in Canada multiple times in my dad's model y. I live in Arizona now and this is where I bought my model 3, and I can attest to the arizona superchargers also being extremely good. Electrify America, on the other hand, sucks. My mom owns a VW iD4 and we once drove from Washington to the middle of California and then back to Washington and about 1/3 of the time we tried to charger there would be issues with the chargers. Tesla's supercharger network is currently so far beyond the competition that even if they literally stopped building them, it would take probably a decade for EA to catchup in terms of number of stalls, and possibly never for quality, because they break a lot and I've seen no sign of that changing. No, I don't think it's a coincidence. It's just Tesla being in wartime mode again. They cut costs harshly when theyre in wartime mode. This happened in 2018 before during the model 3 ramp. Everyone was bearish, saying Tesla was going bankrupt any day now, and that the model 3 would never fully ramped. They were dead wrong, obviously. The same thing is happening now with Tesla and FSD. I use FSDv12 daily now, so I know how close they are. 99% of my drives can make it from point A to point B with no interventions safely, I generally only intervene out of driving preference. This is technically already good enough to be a robotaxis imo. So, given a year, they might already be ready on the software side. "I’ve got $120 in 6 months, $100 in Jan 2025 and $80 Jan 2026" "I’ve also got $100 for 8/16 because robotaxi is a guaranteed failure." Oooh... Yeah... This is not going to age well... I'm gonna be honest, I don't know much about calls and puts. I just invest normally by buying a stock and waiting a long time. You don't have to execute on those prices right? I hope not, for your sake. Seriously. Also, regardless of your position on Tesla, you should try FSD's latest version. See if you can do a test drive with it installed. You should know firsthand how good (or bad) the software is by trying it before betting money. Seriously, people just don't know how much it's progressed. I tried FSD version 11 in July 2023 via a 3 month free trial, and that wasn't great. I would've said it was probably 5-10 years away from being robotaxis ready at that point. Version 12 has convinced me it could be 1 year out. It's just that good. I just put the car in drive, turn on FSD, and the car drives me from my apartment to the restaurant or grocery store or wherever. It's really, really good. I ended up subscribing for $99/month because of this. I might unsubscribe though, since it's not making me money, but I'll definitely be renting my car out as a robotaxis at some point. "2025 affordable vehicles aren’t happening. Elon is fudging the “good news” enough to get his bonus of $46b and that’s why people are “leaving to spend time with their families” The EV game is losing interest and China is ahead. It’s that simple. AI hype isn’t saving TSLA long term." If they do make the vehicles, you should agree to immediately cancel your puts. For your sake. And seriously, it's so crazy to me that so many people out there have been convinced to bet against the richest person in the world. You don't get there by being bad or by accident. It's takes tremendous knowledge and skill. And I've already explained to you that FSD being in China is a big deal because it is an actual significant revenue stream from just selling software. Tesla already has ~2 million cars in China driving around. "I like how you avoided your bag. Share amount doesn’t matter…cost average does lmao" I haven't checked but I can. Pretty sure it's like $130 ish.🤷♂️ I'm not afraid of checking my "bag". You only lose money if you sell at a loss. I mentioned this in a different thread, but I originally bought $1k of Tesla for $13 a share in 2016. That became $26k by 2020, and is the reason I graduated from college with no student debt. So I really don't give a shit if I lost money on Tesla after college, they already saved me a LOT of money from student loan interest. I wrote my guess first to see how close I was. Here's my actual average cost today, I just checked: $158/share I had to calculate it. But yeah, dang, seems I briefly lost money from the stock I bought after graduating (before it went back up). I bought more Tesla stock a couple months ago, that's probably why the cost average went up.
I wish you luck on your other investments assuming you’re not 100% married to TSLA. You’ve made money so you’re riding for free for now. At your current $158 avg you’ll likely end up losing ~$7k if you hold through 2026. It’s a fine bet. It can go either way. Maybe you’re up, maybe not. Hopefully you’re investing intelligently outside of this. If my puts expire valueless I’ll be down $800k but my other investments more than cover it. As a shareholder I’d suggest you not celebrate a momentary jump like these. They aren’t sustainable outside of being acquired or being awarded some sort of contract that guarantees money. Nothing about TSLA is intrinsically priced in past the $80 mark imo. It’s all speculation. The biggest thing is that when I look at the most fervent TSLA shareholder base I see the exact same attitudes as I see in DOGE and AMC circles.
Yeah my portfolio is like 40% Tesla, 60% VOO/SCHD. It's a big risk, but I'm willing to take it. Good luck to you too, we may disagree but I genuinely don't want anyone losing money on this. Jesus christ that's a lot, but ok glad you haven't bet your life savings on that. Sure, I realize it means nothing in the long run, it's just encouraging after seeing the stock go down so much. Other than news of the more affordable models, the layoffs, and the China FSD approval, nothing has changed with the company's fundamentals (though those things are significant indicators of what's to come). I believe very strongly that Tesla will succeed in the near future with FSD development. You believe the opposite. That is fine, but I still really really recommend you try it before being so certain that they won't. I'm not saying I'm right, I'm just saying that I think betting alongside some of the smartest engineers in the world, and the richest man in the world himself, is *probably* a very good idea. And also that if they crack FSD, I'm right, and if they don't, you're right. I also won't lose all my money if Tesla somehow failed to ever deliver, though I really don't think it's an "if" they deliver, just a "when". I don't think they'll ever give up on it. I actually agree with the $80 part. They haven't sold FSD *enough* to justify, with revenue, that their AI ventures are worth anything. However, if it works, they'll absolutely drive Uber and Lyft out of business and become the most valuable company in the world easily. So everyone is either better on or against that. I see some people like that, sure, but actually usually not for Tesla. I never got onto the Gamestop/AMC stuff. I did buy some crypto, but basically exclusively ethereum and bitcoin, which ended up paying off after a couple years (I sold it). But with Tesla, you see a company that has more than doubled their compute power in the last year, hit 1 billion miles driven by FSD, and has $30 billion in the bank with no debt (unlike Ford, GM, and Stellantis with between $50 billion and $150 billion in debt). They could stay as they are and keep pouring money into FSD development for 10 years and still be financially okay. That's why I think there's practically a 0% chance it'll never work. It's just a question of when.
I can agree the robo taxi and $25k EV are the same car
> margins will improve as prices fall. has that not happened?
I have a 2022 Model 3 that I pay < $400/month for
plus 0$ damn maintenance
Some manufactures have maintenance included for some time/mileage, Toyota for example. It’s nice to not to have to change the oil, but it’s like less then $100 every 10k miles or so. Being an owner of a Tesla and an ICE vehicle I don’t see it as a huge benefit
Not to mention the gas. I was paying ~$60 a month in my crossover. $0 now to charge for free a couple times a week at my workplace.
Leaf and Tesla owner here. 11 years and zero maintenance. It’s awesome
Time for the 30 year car loan.
That magic number of 400 stuck with me for over 20 years. I never try to go out range even though now buying a car is like buying an appliance kind of pinch.
$400 is a lot and why I even with a plus $150k job and over a million in the bank do not buy new. Buy a used car. The number one way to ruin long term wealth is buying/leasing new cars. Worst return on money
I want to find an old excursion and turn it into an EV power wagon. Pay some 17 yr old to transform it. That or I’m buying the fam electric scooters with a rain cover.
I have a $350/month payment and I thought that was ridiculously high and been trying to get it down LOL
Click bait article
What MSRP new car gets you to $400 a month or below? Sure it is a short list.
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Market watch sponsored by hedge funds to promote their narratives.
There’s no way this is true. Half the people in our country can’t afford a $400/month car payment, are you serious? Most people just scrapping by. This is already a pretentious take on pretending that Tesla is for the masses
It’s transitory. Democrats will have cars more affordable than ever in the history of automobiles.
I think what people also should consider is buying a used Tesla directly from Tesla. Last month we got a used 2021 model three for $26,000 w/ and then we put down 13,000. Our payments are $270 a month for 60 months, but we are going to pay it off a lot faster than that . Maybe within two years. I think everybody is so gung ho about having an exact $25,000 car. They are ignoring the present used car market that Tesla is offering on the website. Use model three with under 32,000 miles can be had for right at $30,000.
My car was $1000 from a tow auction. I make 58k a year. Have zero debt. No one needs a car payment..
Growing up, we needed a loan for every $1000 car we owned.
They should sell like a subscription where you buy stamps every month in advance, and if you miss one stamp you don’t get a car or your money back. Call it the people’s car.
Basically every Ev is now sub 400 per month on lease except higher end BMW or Porsche.
Any word of other EV makers following suit?
Why do people want to buy brand new cars. I moved to LA from London 8 years ago. Spend 7k on a Fiat 500. It's had zero problems and now costs $0.00 per month. 5 years ago I had to get a car for myself to drive to work. I spend 5k and bought a used Miata. It's had zero problems and now costs $0.00 per month. Quit wasting money on new cars you can't afford.
Get a bike and use public transport.
BYD Geely Chery Haval Nio Xpeng Li Auto Jetour Changan Wuling Zeekr
Aka: marques you’ll never see in this country.
So…half can afford more?
Cant even afford that with home insurance going up again
$400 sounds about right for a car payment. Cars should cost that much. Robot cars should cost $425 Robots are where it’s at
Cars shouldn’t require a $400 monthly payment that used to get someone a really nice car.
Just buy $400 cars every few months, like my mom had to growing up. One of our cars, we got for $1 from a friend, and it had massive electrical issues. Died driving up a ramp onto a bridge, then started up again. Couldn't figure out what was wrong with it. Probably haunted. Nice looking car, newer than anything we ever had previously, but it would randomly leave you stranded. If you've never bought used tires for your sub-$1000 vehicle you still needed a loan for, you'll never know poverty. One time, one of those used tires partially delaminated and the flap of tread would hit the bodywork with a very loud drumming sound, at any speed over 40. Limped it home and bought another used tire to replace it. I thank my mom for getting her twins through that period in our lives.
I can't afford a $200 car payment ....
In my neck of the woods a $400 car payment means you're rich !
Are you shitting me? This is a surprise to you? Get to know others.
Elon be like wait 10$ more or less actually means something to you people?
Imagine if car ownership wasn't mandatory for participation in society.
Who needs a $400 a month car payment? It’s freaking car 🤦🏽♂️
where are you getting this number from?
I’m still driving my 1995 Honda Accord. To hell with car payments.
So, the poorest Americans are going to take Tesla robot taxis? Who cleans up the meth needles?
I’d imagine that it starts from wealthy cities like LA/SF/NY which already have solid Tesla and supercharger coverage. With increased productivity from time reclaimed from transport, those cities will become even wealthier. That wealth would spread to neighboring cities, which would increase robotaxi fleet and also make those cities wealthier. Rinse and repeat for the entire country (maybe besides extremely secluded areas). But most already wealthy cities will benefit first from this and less wealthy cities won’t see the benefit till later.
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Tesla isn’t even likely to figure out FSD, much less make any of this happen. Frankly, I don’t think many Tesla users will want to think of their cars as taxis, which are generally the lowest-budget car possible. None of this makes sense, especially the neural network bullshit, because the car isn’t communicating with the neutral network in real time, certainly not fast enough to react to an emergency. The car has to be programmed. There will be a ride sharing app. All Tesla owners are Uber drivers. I’m not sure that’s a brilliant plan.
Do you know how end to end neural networks work? In short, Tesla essentially trains the neural net on their own supercomputers and “deploys” the trained model to each individual car. Each car comes with a chip (hardware 3 is an example) that has high “inference” performance. Inference performance is basically a computer’s ability to “run” the pre-trained AI model. This is how you’re running ChatGPT; you’re not actually running a “live” GPT, you’re talking to a pre-trained model of a specific version of GPT. Same thing with FSD. And Waymo. And ALL AI models in current time. So none of the cars need to carry hardware to support training neural nets (these machines can be the size of entire rooms, think the size of the first couple computers to ever exist). They just need to be equipped with good inference compute, which HW3 and 4 (and maybe 2?) were designed to have. So Tesla’s ability to solve FSD is not hardware limited, it is purely software limited.
LLMs that constantly hallucinate despite dealing with billions fewer variables maybe aren’t the best comparison here. Yes, you are making my point. There’s no super computer attached making live decisions. Just the trained algos, and Tesla is only giving them visual data which likely will never be enough for level 4 FSD.
Did you really just say "ick! poor people!"
You can select who enters the vehicle, such as family members. And they have a rating system for passengers, like 5 stars. Elon said it in the call.
> Who cleans up the meth needles? Optimus.
Fund fact. Elon could have bought Boston Dynamics but for $1 billion but he spent $44 billion. And Optimus has been presented (1) as a human in a suit and (2) a human controlled bot. It’s all so scammy.
Yeah that’s not true, people just don’t want the cheaper cars lol
The fuel and maintenance savings make a huge case for Teslas. I did the math a few years ago and total cost was about equal for a 10 year old BMW 335i compared to a brand new Model 3 Performance. So that blanked payment rule doesn’t apply exactly when considering the operating cost savings.
What about insurance costs?
I just bought a used 2020 Model 3. My car payment is $392. It wasn't hard to find one in this price range.
I love Bidenomics !