Tell Me Some Positives of Buying a New Tesla

Looking at current prices of used tesla's and brand new tesla's quiet a huge drop in price from new to old.

I know by owning an EV you save on fuel….but buying them brand new and losing $20,000-$25,000 after 3 years of ownership makes little sense or does it? So my question is.

What do you exactly save?

Are you just making one of the greatest scammers Elon rich or you are actually saving money?

Comments

  • +6

    Battery life.

    • +3

      The battery in my car lasts years between charges or needing to be replaced.

      • +1

        How many cycles or years is the warranty? When bought second hand how does that compare to the new warranty?

    • +1

      Is that some new trending hashtag to let everyone know youve got an EV?

      • Pretty sure you're thinking of #PlugLife. Everyone should know you're saving the planet between drive bys.

      • So you think EV's get power from thin air…..

        • +2

          If it's charged with solar then yes, that's exactly what I think

  • +41

    Tell Me Some Positives of Buying a New Tesla

    You can order an obnoxious custom number plate bragging about your new found perceived lack of reliance on fossil fuels.

    • +8

      In Victoria OFFOIL is already taken, as is ONCOAL

      • +2

        Is OnCobalt taken?

        …. Although I believe some Tesla batteries are now Cobalt free

      • Theres a tool near me with plates, 'WHYGAS'. Drives like he used to drive a BMW

        • +2

          There's one near me with "ELON" on theirs, makes me laugh every time I see it.

        • Near me I have seen YOIL and MY WHY

      • So is FUELOL

    • +11

      and leave the efficiency sticker on it which they all seem to do in my area.

      • Seriously? This would never fly in regional NSW.

        • it's usually the white ones too. I think it's cause of smugness but I heard that they think it helps with resale value somehow.

      • +10

        They want to drive around looking like a fridge?

      • +2

        People have been leaving them on white goods (and toilets) for years. Drives me nuts.

    • -1

      Someone near me has EMIT5 or something lame like that.

    • +1

      GRETA and 'GRETA T' is already taken. How dare you!

  • +11

    "Are you just making one of the greatest scammers Elon rich or you are actually saving money?"

    And just when I was wondering if you had a biased opinion about Teslas, here it is.

    • -4

      He is a scammer but would love to know what you actually save by buying a brand tesla?

    • +26

      he is a grifter dating all the way back to his paypal days and multiple class action law suits

  • +77

    Tell Me Some Positives of Buying a New Tesla

    Battery has both + and - connection, so you get both Positive & Negative

    • +19

      That's almost a JV comment !

      • +36

        Except for the positive votes.

      • +7

        That's a bold statement

        • +50

          This is a bold statement

      • +3

        Almost, but not quite. The difference is that cashless was funny.

    • that's with every car though

  • +23

    You get to be insufferable as you tell everyone you possibly can all about it.

    • +11

      Double points if you're vegan, too.

      • +4

        what about cross fit, mac owners?

        • +2

          If you’re all of that, the whole world may well implode.

        • Are you just listing imaginary oppressors who live rent free in your head?

      • -3

        Here's a hot take: vegans are actually good people who are willing to change their lifestyle to do what really matters to save the planet. Instead of poking fun at them they should be praised and thanked, similar to people who have chosen not to have children.

        • No

          • -2

            @oranglama: I love that I've been downvoted. It just shows how disconnected people are with the situation that humanity is in.

            • +2

              @Ghost47: I agree that veganism is a compassionate and difficult move to take. There's such a cultural cringe about them with everyone. I've never met anyone who has announced they are vegan as per the stereotype.

            • @Ghost47: The vegan thing is definitely noble, I don't know about the not having kids thing. Consider that we waste 30-40% of food in the developed world, I don't think we have a resource scarcity issue, I think we have a distribution and focus issue.

              On the other hand, not having kids means that you aren't contributing as much to furthering the species (arguable that you don't need to anymore), growing the economy, which is currently associated with prosperity. Furthermore, it can be seen as a selfish endeavour (I don't think that's the case, but some people seem to think so). Much less cut and dry compared with going vegan. If not having kids was noble, does that make having kids ignoble?

              • +1

                @Jackson:

                The vegan thing is definitely noble, I don't know about the not having kids thing

                Your reasoning is badly flawed. The vegan lifestyle is about reducing impact on nature and the environment. Not having kids is doing the same thing, but on a much larger scale. Even vegans still contribute to harmful environmental impact in many ways simply by being living beings.

                Humans are still growing as a species at an alarming rate - a few people choosing not to reproduce can only help with reducing that. "Growing the economy" is a pretty obviously a a Ponzi scheme which must ultimately collapse under its own weight.

                • @klaw81: I heard an interesting take from a Vegan of 20 years who now eats meat. He got into sustainable farming and came to a realisation that mass agricultural practices are destroying the land, preparation, pesticides etc… He realised that cattle, chickens etc… can be good for the land and if care was taken and you ensure you avoid the battery hens etc…, eating them can be ok too.
                  First time I had ever heard of someone who was a vegan change their beliefs based on that information, fascinating.

                  • @smoothymcmellow: Its not as simple as meat=bad. We quickly stereotype vegans (and many others) based on one point of view. There are two main reasons for being vegan. One of them is not harming animals, the other is not agreeing with battery hens and cattle feedlots etc. Its easier to change your mind away from not eating meat if you are opposed to 'big agri' but start to grow your own locally, sustainably fish etc. Those who dont want to kill animals are more liekly to remain vegetarian, but might shift toward using dairy products and honey etc if they are ethically sourced.

        • I respect the vegans who don’t call themselves vegans and stick to all natural whole foods.

          Not the obnoxious kind that goes loud and eats all the fake food highly processed substitutes.

    • +8

      I don't have one, probably never will, but think about it… why do Tesla owners love their cars so much? Not because it's electric! It's a big toy and people love them. None of the Tesla owners i know brag about the savings, in fact they even whinge about repair costs etc and still they love their cars. Say what you will about them but you don't get this kind of enthusiasm for any commercial product that easily! I don't bag about my solar system at home that actually saves me big $$ without expenses, i don't brag about my samsung (old) flagship phone with us 10x zoom, no, they are all great and i can recommend them but none create the same excitement as Teslas for some reason. Add to that that Tesla's aren't even made by a likeable person, far from it! None of us like to see a mega rich guy get richer and more arrogant by the day, but still these owners are jubilant. They are not faking it i think, they aren't paid to be advertising the brand, it just happens to be a product that creates 'delight' for some bizarre reason. None of the owners I've met bought it as an investment, and none of the owners I've met are on centrelink payments either. Just my observation. Maybe people are jealous, or sick of their bragging…

      • +3

        What repair costs do they complain about?

        • -2

          When they crash it either from auto pilot failure or they were showing off and ran out of talent.

          https://youtu.be/GRMuO-zfaNs?t=5&si=c6hZLn31ow2nyd54

          • +1

            @JIMB0: Accident repair costs are high (and it doesn't take much to write one off) but that should be covered by insurance.

            I suppose you can complain about the high insurance premiums of all EV's.

            • +5

              @JimB: Doesn't take much to write off any car.

        • Door handle stopped working i remember recently and he had something else before too, and even a new motor under warranty. Its an older model, one of the earlier ones. But he is happy as larry with it. Also note my brother is not normally a luxury car driver either, had a honda before it.

          • +3

            @Waltervp: That's not too bad.

            What's wrong with the pull out style door handle? They are practical and look good.

            The door handle that pops out when unlocked seems a little unnecessary to me. Different for the sake of being different but more things to go wrong.

          • @Waltervp: You remember he had something else before too, but you don't remember what it is

            You opened with a door handle and then tacked on a new f'ing motor as an afterthought

            You left off the part where everybody clapped

          • @Waltervp: There was a significant internal design change with tesla door handles. It reduced moving parts by a lot and increased simplicity of control.

            IMO its a sign that tesla is/was immature as a car company. Designing in complexity for the cool factor without recognising that longevity is more important.

        • +2

          The instant torque and relatively heavy weight of them tends to shred the expensive tires they require. Obviously you can just never plant the accelerator, but it's hard not to.

      • +7

        I work with a couple of people who have them and love them. But I guess the difference between them and other people who love talking about their cars seems to be that the Tesla people love the tech more than the car, if that makes sense. They're not talking about how great it is to drive, they're talking about the electronics and software and other high tech gizmos. That seems to be the main difference that I've noticed (obviously this is anecdotal, not a statistically significant sample etc)… it's more tech enthusiasts than car enthusiasts that seem to love them.

        • +1

          This is my impression as well from the couple of people i know that have one.

          Its mostly the tech stuff they talk about, theres a little bit of talk about petrol savings, and no talk about environmental stuff.

          Im sure that ratio changes depending on the motivation for buying one.

      • +1

        Social engineering via social media.

      • +1

        It's like apple fanboys

      • -2

        Agreed because there are no savings to be had. The vast majority of Tesla owners bought before the multiple price cuts and overpaid for their Tesla by $10k-30k. They pay more money in insurance every year and they will never recoup the cost of fuel savings in their lifetime. They bought it because it's the latest cool thing, it's new and an awesome toy that doubles up as a practical car. I worked out that even with the current price of $61k drive away, you'll get free petrol for life if you just bank the discount in your offset account and get a top of the range Haval H6 Ultra hybrid instead ($42k). That doesn't even account for the cheaper insurance every year. I will buy one when it makes financial sense or close to it, not at these outrageous prices. The worst thing is that your car gets written off for a small ding to your battery, you then lose out as your insurance only covers "market value (aka 60% of the car's value)" when writing it off if it's older than 2 years.

        • EV and PHEV are very cheap on leases, as you csn pay before tax is taken out.

          A 60k ev is approx = 40k ice
          In terms of repayments.

    • +1

      Don't forget to make sure everyone knows you don't like Elon!

  • +20

    buying them brand new and losing $20,000-$25,000 after 3 years of ownership makes little sense or does it?

    To be honest, that's pretty normal for a $75k car.
    If you don't want to lose money on a new car, don't buy a new car.

    Tesla has some of the lowest battery degradation in the EV game so over a much longer period (200,000km) the figures may still stack up.

  • +13

    Tell Me Some Positives of Buying a New Tesla

    You get 4 tyres made from fossil fuels !

    • +15

      And plastic seats vegan leather seats

      • +8

        I think you mean rebranded vinyl.

      • +37

        I was sold on vegan leather until I found out it wasn't made of vegans…

  • +33

    Hate on Tesla’s all you want. All new cars face massive depreciation in the first 5 years. If you don’t want to buy a new one don’t.

    • +3

      Even Toyota?

      • A 2020 Toyota Camry SL Auto was $42,790 new and now carsales reckons the market price is $29,500. That's a drop of around a third in less than five years.

  • +11

    Positives: You now have a license to cut into any conversation between random people talking about EV’s and interject with “well, akshully…”

  • +9

    Buy a used one. Reap thebreqards of someone else stumping up for a new lease becasue they cant afford the residual and cant work out that continuing to buy new cars (even leasing) is not for those with a budget.

  • +6

    Positives:

    New car smell

    • +21

      New car small makes scents, cheers.

  • +54

    With novated lease the effective ownership cost of EV is a lot cheaper than the sticker price. Consider this: a top tax bracket person is relatively cost-neutral going from a 25,000 dollar used ICE car to a 81,000 dollar EV. (Source: comprehensive EV calculation spreadsheet)

    Tesla does have advantages.

    • Auto-steer is pretty mature. Early problems of phantom braking etc are pretty rare now.

    • Most of their driver-convenience features are better than other conventional brands. walk to the car with your phone on you and the car unlocks itself. The car sync the calendar and sets the destination to your current calendar agenda. The phone app is comprehensive and very responsive. When you set the speed limit you can set it to the current speed + 2km/h if that's your style. etc. The car automatically projects the battery consumption based on the drive - terrain, wind direction, driving lead-footedness etc. All of them do add up. I am not aware of many EV that does all of the above. E.g. I also own a Kia EV and while the car build is very good, the driver technology is far behind Tesla's. It doesn't even project the battery consumption based on terrain and current driving style.

    • The transition between manual control and adaptive cruise control is very, very smooth. Many other cars have a bit of jerky transition when you swap between the two, but Tesla just picks up naturally.

    • The brand probably has the most experience and data behind battery management systems given the longer experience in EV.

    • Integration with automated logging and smart-home stuff. I am able to program my garage door such that it automatically opens when it detects my car arriving home; or to automatically close after it leaves the garage. I also run a home server that logs everything the car does, every detail of the drive, battery health etc. Naturally not everyone cares, but for someone with interest in data and analytics this is amazing.

    Having said that there are definitely caveats.

    A few drawbacks:

    • The insurance premium can be a lot more for some people, though this phenomenon is not universal. If you aren't already enjoying the tax-advantage of NL, this increased insurance premium alone could unfortunately negate any of the petrol saving you might derive. For some reasons Tesla appears to be more expensive than other EV brands all else being equal.

    • EV depreciation. Although we have unfortunately seen massive depreciation for the last couple of years, I don't believe that this phenomenon will continue, or at least at the same magnitude that we have seen. There's a plateau as to where EV dropping prices would reach, and I believe we are not far off it.

    • The hate you might attract. I got my Tesla when Elon Musk wasn't as loud and as attached to Trump. If I was just getting an EV today I will very likely not get a Tesla for this reason alone.

    • +13

      The hate you might attract. I got my Tesla when Elon Musk wasn't as loud and as attached to Trump. If I was just getting an EV today I will very likely not get a Tesla for this reason alone.

      You can always disguise it.
      https://www.reddit.com/r/mazda/comments/1f8m1ik/spotted_a_te…

    • +1

      The hate you might attract. I got my Tesla when Elon Musk wasn't as loud and as attached to Trump. If I was just getting an EV today I will very likely not get a Tesla for this reason alone.

      Wild story, but one of my buddies is a start-up founder in Silicon Valley and has met Elon Musk (over a decade ago, back when he wasn't famous), and has friends who know Musk personally.

      His take is that Musk basically has no real political ideology (and if anything, is very much socially liberal and was actually a registered Democrat for much of his adult life), and that this recent conversion was basically to pitch California against Texas for subsidies / tax breaks for his businesses and to attract politically conservative types to buying EVs.

      The funny thing is that conservatives are still not buying Teslas despite supposedly liking Elon.

      • +3

        Interesting 5D chess hypothesis. Not sure if I believe in this though.

        • +4

          Which part don’t you believe? That Elon supported Trump for his own good not America’s nor the world’s?

          • +2

            @Save 50 Cent: he would 100% do that

              • +1

                @trapper:

                In his view, Trump (or more broadly, anyone other than Harris and the current Dem's) represents a pivotal point in shaping that future.

                Not a chance its this. Dump doss not believe in climate change, is stuck on fossil fuels and expensive nuclear power. This will shape the future in all the wrong ways.

                The only thing the orange turd has promised that Mush likes is less unions, tax cuts for the rich and tariffs to protect his own factories. He has no concept of what its like to be a regular person with a mortgage and dossnt care about anything but increasing his own wealth.

                If he did care about the planet, or regular people hed have spent half his fortune on reducing poverty and environmental protection.

                • -4

                  @Euphemistic: Oh, I completely agree that Elon and Trump aren't aligned on everything, but the choice was either Trump or the insane Democrats.

                  • +3

                    @trapper:

                    was either insane Trump or the insane Democrats

                    FTFY. If you think trump is more sane than the alternative, you need to get off fox news. Half the time Dump isn't even aligned with himself. He says whatever he need to impress the rich people and the suckers that think he's a demigod.

                    • @Euphemistic:

                      He says whatever he need to impress the rich people
                      tax cuts for the rich

                      Correct, except he's really bad at impressing the rich. The democrats somehow got 3x the amount of political donation from the poorer billionaires like Larry Ellison/Page, Bezos, Zuckerberg, Bill Gates/Steve Ballmer, Bloomberg + nearly all of Hollywood. Those people are the ones that truly care about the regular people.

                      The New York times explains why it's Trump's fault in this awesome piece https://www.youtube.com/watch?v=hNDgcjVGHIw&t=4s

                      • @arkie0: Trunp is the poor mans idea of a business man.

                        Im convinced all his 'deals' are him swanning in to a meeting saying 'this is the deal' then his minions spend months negotiating the details before the actual deal is done.

                        Either that, or his minions come to him and say this will cost $xxx. He says, no its 60% of xxx or nothing and they relucantly agree on 60% knowing full well that 60% is a good deal. He thinks he's beat them down but he hasn't really done a good deal.

                    • -1

                      @Euphemistic: Is that the rich people that fund both sides of the coin ? Like the oligarchy? Two parties that get played by the super wealthy like the Israel lobbies in America. You know the ones pushing for more arms to genocide Palestinian people in Gaza , namely women and children !
                      At least Donald Trump is pushing for some kind of peace .
                      And if not Israel , he's definitely talking of ending the war in Ukraine , the war Victoria nuland and the CIA fomented in 2014 .

              • @trapper:

                Elon’s interests and those of the broader world are actually quite aligned. He genuinely wants to create a better future for humanity.

                Based on everything I've heard from people who have come across Elon Musk (including a close friend referenced above, who's met Musk before he became "famous", and another friend who previously worked at Tesla, but never actually met Musk), I would say that this is patently false.

                What I hear is that he is almost wholly motivated by "cool tech". The idea that some of it may be good for humanity is coincidental, at best.

          • @Save 50 Cent:

            Which part don’t you believe? That Elon supported Trump for his own good not America’s nor the world’s?

            Yes that part. Nice theory but not evidence based.

          • @Save 50 Cent: He has gone violently "anti-woke" since his favourite daughter transitioned into a son. He has deadnamed him (ie refused to recognise the change, including change of name).

            Though I would not rule out pure business motives as well.

        • +1

          It's almost certainly true - he voted for Hillary in 2016.

          Doesn't make him a better or worse person, but gives insight into how politics is just a tool for business.

        • The take on reddit is that left leaning people mostly just thought he was a gimp so he turned to the right wing in angst.

      • +1

        and for Musk to gain leverage to reduce the competition from foreign EV's.

      • +1

        My sister used to work in Twitter during the takeover. She said he's an (profanity). He basically skirts the laws. There is a redundancy law where you pay severance for people if you are going to stood them down. He basically said, no I will not pay severance but I will pay you an amount (low balling) less than that for you to sign and leave. Of course, the severance is always better for twitter employees. However, if you want that severance, you need to sue Twitter/Elon Musk to get it which can be expensive since - lawyer fees, court time, and delaying time till you get pay.

      • -1

        This is interesting, because J.D Vance was also a registered Democrat member up until around 2016, and historically didn't mince his words when voicing his thoughts on Trump.

        • +1

          Why do people just post outright lies like this? Vance has never been a registered Democrat.

          • @peekz: You're right, I went and fact checked myself. It was his wife that was a registered democrat voter. He was vehemently against trump and has also partnered with Democrats on policy but himself was never a Democrat Voter/Member.

    • +1

      You forgot that with all the so called driver convenience features and data logging you are providing a wealth of data for them to sell.

      • +4

        Not unique to Tesla. Many brands do the same. And I am not sure how the ability to set the speed to speed limit + 2km/h has anything to do with data harvesting.

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