281–287 of 287 posts
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50k is standard for normies in their 40s and 50s and typically financed with a down payment. Typically $600-$700 a month
In case anyone else is wondering: median income for a 50 year old American is around $90K/yr before tax.
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They took the apple route and decided to just go ahead with it after a few months of testing. Like the fiasco of using flex cables for their macbooks. They would crack from opening and closing and would cost $800 for a new screen plus labor.
Not to be rude, but link that backs this claim?
This comes just weeks after the CEO sold billions in TSLA stock to "pay taxes" when the market is in the middle of the largest bull run of all time..? Highly suspicious imho. (There's a very good chance that the ROI on any TSLA stock today will exceed the interest owed on 1 years worth of unpaid taxes... assuming you were not about to recall almost every car you've sold in the past year, that is.) I am shocked at how…
not really. He had a ton of stock options that he either had to exercise, or he would loose. He also had tax implications, not to mention people like AOC making him public enemy number one for not paying taxes that are actually not legal taxes.
That's completely irrelevant.
Purchasing stock options for pennies on the dollar and selling billions of dollars worth of stock when you know the company is recalling 500k vehicles in the next few days are two totally different things.
And oh... he's also done selling now.
If this is not prosecuted by the SEC I would be very surprised.
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Does his increase in number of shares actually mean anything? I assume that, like most stock compensation, these shares are newly issued shares, diluting the value of existing shares. That would mean he still has a lower stake, regardless of number of shares, no? I may be misunderstanding something.
No, they’re options that were already issued and reserved in a pool. The shares would’ve been released to the market (or whatever mechanism Tesla has in place for unrealized options - many times that means the company buys them) if he didn’t exercise
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If that $2k/year gets you a car that runs fairly reliably, that's a pretty good deal compared to the depreciation of a newer car. I assume your cars are depreciated to the point where there's no further depreciation?
Yes, the maintenance is mostly preventative, with the goal of the car being in functionally new condition. Putting the second 100,000 miles on a well-maintained, reliably luxury car is the best deal going, I think, aside from not driving at all. E.g, in 2011 paid $16,000 for a 2003 E320 wagon in perfect condition. It was $70,000 brand new, so the original depreciation is eye-watering. Since then I’ve probably put $2,…
But in reality, I don't have the energy for dealing with this sort of thing. In fact, sometimes I have a bad dream that I bought some high-maintenance older car and am stuck with it.
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In the real world, outside FAANGistan , paying 50k for a car, IS a luxury. I said that as a fellow FAANGistanian.
50k is standard for normies in their 40s and 50s and typically financed with a down payment. Typically $600-$700 a month
Earlier quoted context omitted.
Yes, the maintenance is mostly preventative, with the goal of the car being in functionally new condition. Putting the second 100,000 miles on a well-maintained, reliably luxury car is the best deal going, I think, aside from not driving at all. E.g, in 2011 paid $16,000 for a 2003 E320 wagon in perfect condition. It was $70,000 brand new, so the original depreciation is eye-watering. Since then I’ve probably put $2,…
I'd love to do this with a W126 (1979-1991 S-Class) because I think they're the most beautiful Mercedes. Very few electronics compared to modern cars, so I assume it would be possible to keep it running and in good condition. But in reality, I don't have the energy for dealing with this sort of thing. In fact, sometimes I have a bad dream that I bought some high-maintenance older car and am stuck with it.