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Partial Tesla Model S recall

teslamotors.com

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Re: Partial Tesla Model S recall

#11

Post by MichaelApproved »

A bit OT financial advice: it's almost never worth it to buy a single share. The reason is the commission will eat you up. Assume a low $7/trade commission. That could possibly cost you $14 round trip (purchase/exit).

With Tesla ~$100/share, It'll have to go up 14% just to break even on the trade. Even if you just buy in single shares but exit in multiple shares to spread the commission, you still have to fade 7% commission. Not worth it.

If you're investing in the hundreds of dollars, you should look for low commission options such as CDs.

Edit: I accidentally replied to the post. My comment was meant in response to this comment. https://news.ycombinator.com/item?id=5904397

Re: Partial Tesla Model S recall

#12

Post by merijnv »

Ygg2 wrote: post #8
cloudwalking wrote: post #5

The Model S does not need to be brought to our service center by the owner. Tesla will pick up the car at a location of the owner’s convenience, provide a Model S loaner if needed, perform the work and bring the car back to the owner a few hours later. Does anybody else offer service like this?

No? And not just in the automotive industry. Apple comes close, but from stories like smoke being considered a biohazard, I'd say no (they did offer replacement if you broke your screen on iPad IIRC). That said I don't consider that Tesla won't ever have a gaffe, but they are doing things perfectly so far.

IIyama, twice I've had an IIyama screen die on me, once within warranty (due to the high volume of electric devices dying I installed a surge protector, since then no problems) and once outside of warranty. Both times they send a courier service to pick up the screen at my house and deliver me a replacement one at no charge.

Re: Partial Tesla Model S recall

#13

Post by arethuza »

cloudwalking wrote: post #5

The Model S does not need to be brought to our service center by the owner. Tesla will pick up the car at a location of the owner’s convenience, provide a Model S loaner if needed, perform the work and bring the car back to the owner a few hours later. Does anybody else offer service like this?

When I had a high end BMW the dealer did that on a couple of occasions.

Re: Partial Tesla Model S recall

#15

Post by psychotik »

MichaelApproved wrote: post #11

A bit OT financial advice: it's almost never worth it to buy a single share. The reason is the commission will eat you up. Assume a low $7/trade commission. That could possibly cost you $14 round trip (purchase/exit). With Tesla ~$100/share, It'll have to go up 14% just to break even on the trade. Even if you just buy in single shares but exit in multiple shares to spread the commission, you still have to fade 7% com…

Unless it's BRK.A ;)

Re: Partial Tesla Model S recall

#16

Post by MichaelApproved »

rdouble wrote: post #9
cloudwalking wrote: post #5

The Model S does not need to be brought to our service center by the owner. Tesla will pick up the car at a location of the owner’s convenience, provide a Model S loaner if needed, perform the work and bring the car back to the owner a few hours later. Does anybody else offer service like this?

In small towns any car dealer will do that.

I live in Hollywood, CA. My local BMW dealership won't pick up my car but they'll give me a round trip complimentary shuttle service. I'll get a loaner if the service will take a few days.

Re: Partial Tesla Model S recall

#17

Post by ian_cyw »

MichaelApproved wrote: post #11

A bit OT financial advice: it's almost never worth it to buy a single share. The reason is the commission will eat you up. Assume a low $7/trade commission. That could possibly cost you $14 round trip (purchase/exit). With Tesla ~$100/share, It'll have to go up 14% just to break even on the trade. Even if you just buy in single shares but exit in multiple shares to spread the commission, you still have to fade 7% com…

Not necessarily, there are cheap $1 brokers like Interactive Brokers. I've used them, they get the job done.

http://www.interactivebrokers.com/en/?f=commission

Re: Partial Tesla Model S recall

#18

Post by MichaelApproved »

psychotik wrote: post #15
MichaelApproved wrote: post #11

A bit OT financial advice: it's almost never worth it to buy a single share. The reason is the commission will eat you up. Assume a low $7/trade commission. That could possibly cost you $14 round trip (purchase/exit). With Tesla ~$100/share, It'll have to go up 14% just to break even on the trade. Even if you just buy in single shares but exit in multiple shares to spread the commission, you still have to fade 7% com…

Unless it's BRK.A ;)

Very few exceptions. Even Google, at $900/share, is not worth the $14 round trip commission. And if your investing in hundreds, you're likely doing it through a bank or some other service will probably costs >= $20/trade. Ouch OP.

Re: Partial Tesla Model S recall

#19

Post by JackWebbHeller »

MichaelApproved wrote: post #11

A bit OT financial advice: it's almost never worth it to buy a single share. The reason is the commission will eat you up. Assume a low $7/trade commission. That could possibly cost you $14 round trip (purchase/exit). With Tesla ~$100/share, It'll have to go up 14% just to break even on the trade. Even if you just buy in single shares but exit in multiple shares to spread the commission, you still have to fade 7% com…

(Assuming this was meant as a reply to my comment) - I do understand that, I pretty much just bought a single share to say I had one, and see how it would perform, more as an experiment and out of curiosity than an actual business interest.

Re: Partial Tesla Model S recall

#20

Post by MichaelApproved »

ian_cyw wrote: post #17
MichaelApproved wrote: post #11

A bit OT financial advice: it's almost never worth it to buy a single share. The reason is the commission will eat you up. Assume a low $7/trade commission. That could possibly cost you $14 round trip (purchase/exit). With Tesla ~$100/share, It'll have to go up 14% just to break even on the trade. Even if you just buy in single shares but exit in multiple shares to spread the commission, you still have to fade 7% com…

Not necessarily, there are cheap $1 brokers like Interactive Brokers. I've used them, they get the job done. http://www.interactivebrokers.com/en/?f=commission

The comment I meant to reply to was a first time buyer. It's more likely he/she spent $20/trade.
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