Tesla Talk 2

and yet if he delivers it no one will care about false dawns, i think he has enough credibility built up at this point if he never succeeds in anything again.

It makes sense that you would receive the market value for your car and with that you should have the money to buy the same make/model/mileage etc. Or am I missing something? Your deposit was 'lost' the day you handed it over in lieu of the car, was it not?

Of course that's what Tesla want is for you to stay with them so I'm sure that's part of the thinking, however they are not the only ones to have dropped prices so you could probably afford many other makes/models as well

I presume you mean the GMFV on a PCP? I would have thought that whatever the insurance paid out would have gotten you another car of a similar make/model/mileage and at the end of your term you could just hand that in for the GMFV

In the event that the car wasn't written off, you could have handed the car back at the end of the term or you could have bought the car outright for less than the GMFV, could you not?

Yes, PCP GFMV, it was about 9 months to end of term. Settlement was 24 at end of PCP, current balance was 31k from memory at time of accident. Insurance offered 27k to start, i bargained them up to 31k so it was net zero. I would have handed it back but it was cat D damaged, so I'd have had to repair it before handing back.

You can't trade what car your PCP is on.

At the end of the PCP you either pay the GFMV or hand the car back , or sell it for in excess of the GFMV and the sale price less the GFMV is yours.

Started by elon's drops.

I argued until they paid off the outstanding balance (which would have been the GFMV in another few months). I lost the 10k I put in at the start. That would usually be equity for the next deal so you don't need another deposit, that's generally how you roll into the next pcp.

I don't think the 10k equity was ever really there to be fair, not after the price cuts at least.

Exactly, but people are used to a market where there is said equity.

It was phenomenal. Absolutely phenomenal. There was a slight jolt, we were hit from the back at 60-80kmh when stopped, and the other car disintegrated. Did its job to A1 standards, volvo would be proud!

the Cybertruck has also shown that just because Tesla builds something, it doesn’t mean people will spend serious money buying one - so the notion of the general public spending $20-30,000 on a humanoid Optimus is genuinely fanciful.

Commercial applications maasaaaybe, but it’s hard to see. Behind the scenes factory work, perhaps - but again, look at the Pepsi deal for the Semi truck, it’s been a disaster and that truck project is going nowhere fast

Apologies, yes, I was conflating solar and storage business. It does seem solar is not a major growth area, since they aren't reporting it separately in the financial statements. I doubt it's a failing business or they would quickly chop it off. It seems they have moved away from the installation end of the business but are still producing solar roof products. But indeed, the power storage business is the big one. Powerwall seems to be doing very well with more than 600,000 installs (Feb '24).

Boring Co.: In Las Vegas, they have completed 1st phase of convention centre project a while back and I think they have complete the 2nd phase to join Resort world and Encore. Then they have a much bigger project to expand the system over 67 miles along and around the Vega strip with over 100 stations. They’ve begun some initial construction for part of the strip. Dubai are planning to use Boring Co

you think tesla will be completely shelving driverless taxis? i very much doubt it.

See you then.

Saw that too from musk and just dismissed it immediately 😂.

Firstly there’s a limit to the delivery of whatever distance the buyer is from the 3 or 4 factories worldwide 🙄🙄🙄, so it’s a few handfuls of cars at best.

But surely the cars have been able to drive themselves to nearby buyers for a while - in theory?

Also, if the car is driving itself to a buyer, it’s really just a driverless journey without any passengers.

So like everything musk says, it’s possible in theory, but won’t happen in practice, nor will it be applicable to even 1% of Tesla’s buyers, living nearby the factory

Plans are great, I'd believe it when, like I said before, the OEM (ie Tesla) covers the cars insurance and the car can legally drive me home from the pub. Or even can the car drive from Sandyford to my house in wexford. We're about 15 mins off the M11.

Until then it's just a novelty, like summon. Useless.

I love the concept, but in reality not sure I would take delivery of a car driven to my house without the ability to check it over first.

I wonder what happens if there was big discrepancy between the QA check when it leaves the yard to the condition it arrives in your driveway. Would you have the ability to reject it and send it back on its merry way?

the CEO of Tesla said it was “from the end of the production line”. 😬