Tesla Talk 2

They're down to $280 currently, so maybe you'll be able to pick up at a decent price. If it went a bit lower, I'd consider.

Only ever look at the value of your (potential) investments in the original currency. Otherwise the gain / loss / value gets distorted by FX variations. Avoids confusion too 😁

Looking for advice please. I need a car in the next week or so and I've test driven a few EVs at this point. This will be my first EV. I've had a blindspot for Teslas up to recently but yesterday I drove a few for the first time - a M3, MY and MX.

The M3 was fine but it was a 2020 and honestly the quality wasn't great. I'm also not sure if I'd regret the small boot opening when it comes to camping gear etc. But they are great value at the moment.

The MY was basically an inflated version of the M3 as far as I could tell. More spacious and practical but definitely less attractive and more expensive.

The MX is a car I've always kind of wanted. If feels great, definitely the biggest of the 3 and everything just felt a bit more integrated and thought through. Definitely some of the appeal is to my inner child with falcon doors! It was a six seater which could definitely be handy (we only have two kids ourselves but always giving lifts). But it's a 2018 car which feels ancient in this day and age and it's the 75D which I think would struggle to make it from Dublin to Cork in one shot (which would be important to us). It's also the most expensive of the three.

I know it's a personal choice but I'm looking to the tesla brain trust here to point anything out that I may not be considering. Thanks!

Is that because the X has a known history of issues or just because it's out of warranty and therefore anything that might go wrong could be expensive?

Isn't the answer obvious? Try the Model S as well. The facelift cars are very affordable now. They are well built and have a lot of practicality. Go test drive one and see what you think.

Thanks yeah it's not a regular trip for us but it is the one we do most often and that's 3-4 times a year so just using as a barometer. It will mostly be shorter journeys to and from kids matches etc.

That's a very good budget. A decent facelift Model S can be had for under €20k now

On TSLA: I went full in on the $299 dip just now

Not willing to spend on a new EV given depreciation. All the value is in the 2nd hand market as far as I can tell.

Tesla seem to be holding their value though,2023 model 3 still around €32k ISH?

All investments are risky. If you want zero risk, put your money on deposit, but with inflation that means you make a small loss every year. I only use money that if I lost it all, would not have a major negative impact on my life. The bulk of my savings are in my pension fund that I can not touch.

That said, TSLA is one of the biggest stocks in the world. It is extremely unlikely it will become worthless. I do not need the money for anything else for the foreseeable. I tend to quickly take profits. The only realistic bad scenarios I can have are that the stock will go significantly down and stay down for a long time. I will hold. And the other one is that I have just taken a profit and sold all, and the stock will rise significantly further. I never have, but I should really consider, only playing with half and holding the other half long term

I have already made significant profits from trading TSLA over many years

they don’t hold their value at all. They get listed at those prices perhaps, but don’t ever sell. Ever.

We’ve discussed it here regularly for the last year or two.

You sound angry? 😠