21–30 of 259 posts
> With $3 billion in the bank and a growing cash cushion, Tesla won't need to raise any cash to pay off the big $920 million loan that's coming due next March.
Except that there's less in the bank, and that Tesla owes something like $3B to suppliers.
I am not a financial expert, but I'd think that the situation is not as easy as it is depicted here.
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…
If nobody buys $35,000 cars, where does the supply of reliable 10-year-old $5000 cars come from?
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…
Short version: They never had a cash problem. They invested the money they had into developing a car. Turned it into a success. Then invested even more into the next car. Turned it into an even greater success. And so on. I wonder how profitable this type of 'short opinion piece' journalism is. How much does a journalist get paid to write something like this? Running some content websites myself which make like $0.00…
>In keeping with a fast growing technology company, all free cash flow is plowed back into R&D to drive down the costs and bring the follow on products to market as fast as possible. When someone buys the Tesla Roadster sports car, they are actually helping pay for development of the low cost family car.
https://www.tesla.com/blog/secret-tesla-motors-master-plan-j...
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…
If nobody buys $35,000 cars, where does the supply of reliable 10-year-old $5000 cars come from?
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…
After working with vehicle data for 6 years, I can guarantee that someone who buys a 1-year-old Prius is actually paying less per month than you are for your 2005 Focus.
People who buy brand new cars are obviously paying a huge "drive it off the lot" tax in the form of depreciation, but they know that and think it's worth it. Some people are afraid to buy used, some like to drive a new car.
It's just another example of "it's expensive to be poor". If you can buy a better car, you end up paying less over the course of your owning it.
Of course, that idea breaks down if you buy something unreliable AND expensive. It also becomes fuzzier with luxury cars, since they're expensive to repair.
But a used, super-reliable car that holds value well, like a Prius or a Camry, is generally going to have the lowest total cost of ownership out of the whole spectrum of car options.
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…
I like getting a vehicle with the features I want and the room to haul all my various sports gear. I've bought used vehicles but, generally speaking, I like being able to buy a car with the features I want and basically not having to materially think about maintenance for a very long time. I can't say that I've found the used cars I have purchased to be particular deals in the long run. Car maintenance is one thing I'm willing to pay just not to deal with as much as possible.
I do think a lot of people spend more on cars than they can/should. I could spend less myself but on an annual basis I'm pretty frugal and haven't had a car payment for many years.
Serious question, and I'm not a Tesla hater either: Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high. A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's…