Featsbeyond50
Active Member
Yes, if you're Ukrainian or connected to a Texas elementary school.
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Yes, if you're Ukrainian or connected to a Texas elementary school.
In case anyone is interested, futures are green
I'm sorry, most days like that started with green futures.Does that mean we won’t be having another -7% day. I have seen to many of them lately.
Oh good, we might go up 1% tomorrow and then when NVDA earnings comes out after the bell, NVDA will do a -12% and we'll do a -8% because they crash us every single bad earnings report on every stock this year.
Remember: their goal is to stop Elon from buying Twitter. They will keep crashing us until Elon capitulates or the stock hits zero. We are all in a bad situation here because they will never stop but I've already lost too much from ATH to capitulate and sell now so I'm forced to HODL until my portfolio is zero.
How's this for insane. I'm in the UK. I bought a 2nd hand, white, SR+ model 3 with 200 miles on it from Tesla for £38700 in March of 2021. It was one of the last (to ship to the UK) Freemont Nov 2020 "refresh" build with the heatpump. Has the £1000 optional tow-hook too. I've now driven it 6500 miles. At the time the new price was about £41,000. As it was a bit of a risk buying such an expensive car (I did cash, the financing is too confusing/risky) I figured I wouldn't lose much if demand stayed high.UK - first Model 3s in UK are around 3 years old. Not many at that age, but more will be 3 years old in September. Typically vehicle finance will be for 2-4 years, I assume 3 years is normal for UK deals, either lease, hire purchase or PCP/BCP (Personal/Business Contract Purchase - option to buy at end with a "balloon payment"). Each of these is different, legally and cost-wise. Tesla now advertising (via email) used car events in UK (not GB as it includes Belfast, but that's a common mistake even experts or politicians make).
Next, used EV prices have gone up 20-40% in last 18-24 months. Even the 22-30kw old versions have increased. Note this isn't an increase for an equivalent 7 year old car - this is the same car. so now 9 years old. 2013 Zoe was £5k, cheapest used 2013 Zoe is now £7.5k. Video below of UK used market, only one POSSIBLE reasonable buy, Skoda Citigo (VW e-Up rebadged, sold for 6-12 months only, very rare, perhaps less known).
Recent Tesla Bjorn video featured him driving an Opel Ampera-E (GM Bolt?) 1000 km in 13:50, charging on Tesla Superchargers! On the trip he met a Polish guy who buys used Leafs and drives them to Poland over many, hours, many charges, many HOURS of charging... The Polish guy says only 20,000 EVs in Poland, but many people have solar, so EV makes sense.
I think there in Poland, here in UK, everywhere, getting EVs is a security measure for a family. Especially as a second car. UK has had fuel shortages for days/weeks at a time, high fuel prices and other problems.
Hard to buy new cars (delays, 12+ month waiting lists are common), EVs are really in demand.
Oodles of cash from used financed Teslas may be incoming in UK, but if replicated in left-hand drive European countries, could be a factor NOW (as they got Left Hand Drive cars earlier than UK's Right HD and probably more of them)
eg Norway, Netherlands. Netherlands is a company-car dominated market, so 3 year replacements may be contractual for employees, off-lease cars must be sold, probably by Tesla, at much higher prices than budgeted for by Tesla/finance - windfall incoming?).
(timestamped at "Insane" and just before Tesla used prices).
Tesla Model 3 SR/SR+
was £40,500 new in 2020 (I believe)
cheapest used, high mileage £38.5 - possibly 2019, probably 2020
new price £46,000 - waiting time 12 months
Here's your cue.Never bought Tesla
The wider market is crashing so I'm trying to sit calm and wait. I watched .com's crash through 2000-2002 (was down £20,000+ at one point as a 25 year old with most of my money in shares) and saw a lot of the same crazy hype about tech over the last few years. Companies going to crazy prices, and then doubling in a few months after that! Tesla it's more deserved, but some others were just silly (many in ARK). I nearly bought at $700 last month, but think it'll go back to half a trillion. That number still sounds crazy There's definitely a recession coming. A year after oil hits $100 - it always happens. The economy has to readjust to the new high price of oil that still drives everything. Has driven up the costs of everything, all fuels, all minerals, fertiliser, international shipping, etc. compounded by the mad demand after lock-down and now supply chain disruption. Was reading how there's lots of companies in Ukraine that specialise in making wiring looms for European cars!Here's your cue.
I really wish I could have stepped aside from some of the carnage taking place right now. I see on other internets the dweebs be talking about lessons from 2007-2009, a period of great pain.
Now Dicks sporting goods setting the next fire
Agree - this is shaping up to be a winner takes all environment for auto manufacturers. It seems like automakers are either in the camp that is unable to scale production, is heavily skewed towards ICE car production, and is struggling to make profits... or you're Tesla. Gas over $5 a gallon is a big mental milestone and will further trigger more people to look at EVs. I was at work drinks the other night and 3 people whipped out pictures of their gas station receipts, all over $100 for the first time.It may take until Q3 . . . . . but the investing world will realize investing in Tesla is a flight to safety.
Backlog as far as the eye can see. . . . . . premium prices . . . . .two new factories . . . . . manufacturing innovations . . .no debt and printing cash.
The Bill Gates stuff just got deeper and darker...
Breitbart article that I'm not linking, but you can Google it. Sounds legit though...
Over here we're paying around $8 a gallon (€2/litre). The Giga Berlin ramp cannot come soon enough.Agree - this is shaping up to be a winner takes all environment for auto manufacturers. It seems like automakers are either in the camp that is unable to scale production, is heavily skewed towards ICE car production, and is struggling to make profits... or you're Tesla. Gas over $5 a gallon is a big mental milestone and will further trigger more people to look at EVs. I was at work drinks the other night and 3 people whipped out pictures of their gas station receipts, all over $100 for the first time.
I’m looking forward to it. HahaIt may take until Q3 . . . . . but the investing world will realize investing in Tesla is a flight to safety.
Backlog as far as the eye can see. . . . . . premium prices . . . . .two new factories . . . . . manufacturing innovations . . .no debt and printing cash.
Banks, corporations, and American households are about the least leveraged they've ever been. Unemployment and continuing welfare rates are the lowest in my lifetime. So I'd argue we're closer to nirvana than anything approaching structural collapse.07-09 was a complete financial system melt down that lead to the deepest and longest recession since the 1930s. It is possible we are on a path to collapse like that, but it would be incredibly rare to have two of those events hit within 15 years. Right now we aren't even sure if we are in a recession or not, let alone a structural collapse in the housing market.