Used Tesla prices tumble as embarrassed owners look to sell

Flitzpiepe

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68
I'm genuinely uncertain which group deserves more of my disdain: the sanctimonious fools now rushing to rid themselves of perfectly functional vehicles because of their sudden embarrassment by association, or the equally tedious zealots rushing to purchase a Tesla merely as a statement of solidarity with Musk, as if the richest man on Earth requires their fiscal defense.

Both sides display a nauseating preoccupation with virtue-signaling, seemingly forgetting that the principal purpose of buying a product (particularly one so expensive) is pragmatic rather than performative.

Personally, I choose products not to show my 'moral superiority' or ideological allegiance, but because they reliably fulfill a purpose. I suspect most consumers share this sensible self-interest, holding allegiance only to their own practical needs rather than to ephemeral tribal affiliations.
So you only ever consider your own benefit in any choice you make. That’s as egotistical as one can get. Consequences of your actions to other people? You don’t give a fuck.

Well, that’s just despicable.

Also, by trying to be the most clever you reveal yourself as not being that at all.
Because you misunderstand: Owners of a Tesla have the burden but also the opportunity of hurting and diminishing Elon. Simply by selling their Teslas, by voicing disgust and disapproval. And thus it’s not virtue signalling. It’s political activism. And it’s brave and beautiful and gorgeous.

The opposite to your stance.
 
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Demosthenes642

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Hyundai/Kia are probably the safest bet along with anything from GM(including Honda) and Ford. Established automakers that won't be going anywhere in terms of support even if the orange turd manages to tank both the economy at large and the EV market in particular, and they are either already shipping NACS on vehicles or providing free passive adapters to allow using NACS charging

As an aside I think that Rivian is solid enough that if they do founder they will be scooped up by someone on the cheap
Yep, Rivian has their commercial van business which I wish they'd talk a bit more about as it'd give more of a sense of their overall stability. I did measure my garage for an R1S and it's just less than a foot of total margin front to back, those suckers are big. An R2 would make more sense... in 2026 or whenever they hit the market.

As to the traditional automakers, you're right that Hyundai/Kia seems to be out front. BMW and Porsche are making good second-ish gen products with Mercedes nearly there with their second gen. BMW's third gen EVs may be 2026 models. Stellantis I wouldn't touch with a ten foot pole. GM seems to be on a good roll making good EVs, even if the best one's rebadged as a Honda. Ford seems to be a couple years away from their next EV cycle. Overall it's a weird time in the EV landscape for sure. Tariffs, rebates, etc are likely to shuffle the deck on price as well.
 
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Fatesrider

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Yeah, sounds about right. My wife and I would love to sell our Model Ys and get Ioniq 5s, but we can't afford a $30,000 hit per car. We bought them in 2021 and 2022 (Musk was eccentric but perhaps not yet fully insane), so they still have a lot of useful life left on them. We'll just have to shamefully drive them for a while longer.
I wonder if there's a cottage industry for folks like you making bumper stickers saying things like,

"I bought this POS before Musk turned into a Nazi"

"I'd repent for my Tesla but I can't afford a new brand until this POS is paid off."

"I swear, this is a loaner while my car is in the shop!"
 
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theSeb

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Though I wonder how many knew that Volkswagen literally means "peoples car", I think we can also thank good old capitalism for its popularity among the hippies. It was pretty much the cheapest car they could buy, a literal econobox with silly styling that was in their price range and seemed to stick a middle finger to the big looming automaker giants of detroit. And it was cheap to maintain but with modern enough underpinnings that it didn't seem anachronistic with the flat four air cooled engine that wasn't a two stroke
Yup, it was also different to mainstream design at the time and a very successful marketing campaign cemented it as part of the ‘counter culture’
 
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moongoddess

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Maybe, but if Tesla was sold/Elon ousted or distanced and a slight rebrand with a strong modest leader the value could rebound a bit.

Markets are forgivable with short term memories. VW is still around after all.
Unfortunately for Tesla workers and current Tesla owners, I think there is a better chance of the sun growing nova than of Elon getting the boot from Tesla.

It's a pity, because Tesla was a groundbreaker in bringing EVs to market,and Tesla is a great name for an EV company!
 
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theSeb

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I wonder if there's a cottage industry for folks like you making bumper stickers saying things like,

"I bought this POS before Musk turned into a Nazi"

"I'd repent for my Tesla but I can't afford a new brand until this POS is paid off."

"I swear, this is a loaner while my car is in the shop!"
There is already one out there doing exactly what you are suggesting.
 
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cptskippy

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Are we talking about the US?

If we're arguing about how many vehicles come with a "computer", for whatever reason, It's basically inconceivable this isn't 100%, between ECUs, all the microcontrollers running various controls and displays, etc. "Computer" covers a whole lot more than just a giant touch screen LCD in the middle of the dash.


Well the person I was responding to was making a joke of an argument often brought up against Teslas that they are computers and they could be used to track you.

I was pointing out just how many vehicles have telematics units which are literally for tracking you.

And you're right, classic cars aside, the number of computer controlled vehicles on the road is near 100%.
 
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Flitzpiepe

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Any place that does custom vinyl wraps can probably put together a wrap that would make a Tesla look almost but not quite entirely unlike something that's not a Tesla.
Hitchhiker’s guide to the galaxy???

Oh, never mind.

Addition, quote from the book:

“After a fairly shaky start to the day, Arthur's mind was beginning to reassemble itself from the shell-shocked fragments the previous day had left him with.
He had found a Nutri-Matic machine which had provided him with a plastic cup filled with a liquid that was almost, but not quite, entirely unlike tea.”

Reading Douglas Adam’s is never to late.

:eng101:
 
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stormcrash

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Well the person I was responding to was making a joke of an argument often brought up against Teslas that they are computers and they could be used to track you.

I was pointing out just how many vehicles have telematics units which are literally for tracking you.

And you're right, classic cars aside, the number of computer controlled vehicles on the road is near 100%.
Computer controlled isn't even the problem strictly speaking. It's cars that can now constantly phone home to spy on you with no way to disable it that are the problem. My 2008 Elantra has an ECS and computer management, though it is old enough that the takeover was not complete with an analog dash and mechanical blinker relay, but that computer isn't spying on me and sending data about my whereabouts to Hyundai
 
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cptskippy

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Computer controlled isn't even the problem strictly speaking. It's cars that can now constantly phone home to spy on you with no way to disable it that are the problem. My 2008 Elantra has an ECS and computer management, though it is old enough that the takeover was not complete with an analog dash and mechanical blinker relay, but that computer isn't spying on me and sending data about my whereabouts to Hyundai

The word for that computer is telematics unit.

"Tele" as in telephone and "-matics" from the Greek word "mathema", meaning "science," "knowledge," or "learning."
 
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Selling a Tesla right now in NO way hurts Musk, while actively benefiting the people who LIKE musk (by giving them access to nearly-new cars at half their original value or less).

Sorry, your heart's clearly in the right place, but you're otherwise cranio-rectally inserted on this one. It's much more effective to "deface" a Tesla purchase you regret than to sell it for a massive financial loss.
Do not agree with you here. Driving a Tesla, like any car, or wearing any brand name product, you're marketing the product publicly.

Secondly, you're more likely to use a tesla super charging station, subscribe to services they make like self driving FSD, and buy parts to repair it during the time you own it. All of that adds money to his pocket book.
 
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Jim Salter

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I wonder if there's a cottage industry for folks like you making bumper stickers saying things like,

"I bought this POS before Musk turned into a Nazi"

"I'd repent for my Tesla but I can't afford a new brand until this POS is paid off."

"I swear, this is a loaner while my car is in the shop!"
"Bought it before we knew Elon was crazy" has been a very popular sticker for a solid couple of years now, I see them all the time.
 
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havokcla5h

Smack-Fu Master, in training
91
If you want to sell your Tesla do it on the White House lawn. Cool people will just drive em into federal buildings and put a for sale sign. Everyone knows only those driving Teslas will survive the federal purges, that and doing the salute. Make sure to post it to X or your fired...
 
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Jim Salter

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Do not agree with you here. Driving a Tesla, like any car, or wearing any brand name product, you're marketing the product publicly.
Yes. I'm "marketing" it, as something built by a criminal, which I wish I hadn't purchased. And if I sell it, its new owner will be doing the marketing you're describing, to wit, positioning it as a valued purchase they are happy to have made.
 
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DocJones

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Years ago I test drove a Model 3. That was when the Muskrat's antics were mildly amusing instead of disturbing. The build quality concerns kept me from pulling the trigger on it. A few years later I got my Ioniq 5 and am more and more grateful for that decision every day.
And honestly, I think Hyundai's EV technology has passed Tesla's by anyway. Even the newer ones that have the Tesla style plug charge faster on a non-Tesla charger.
I'm grateful that the company gave EVs a boost in the early years but until they toss Elon to the curb they can fuck right off.
 
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Gazmeister

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Do they really need a car as a college freshman? Most college campuses have good public transport links, and many outright forbid freshmen from having cars unless they're local commuter student

Haha I assumed it was for them not their teen…

Reasoning
Now that the children have left now is the time to get nice things the teens won’t drive, damage or otherwise put their teenage smell on…
 
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icebergfloe

Smack-Fu Master, in training
1
So like, clearly Ars didn't even watch the 26 second long "I am SELLING my TESLA because of Elon Musk!!" YouTube video by Vegas Tesla Family. He's trolling. He says in the video he's selling because he wants to upgrade to another Tesla model and because "Elon keeps getting better and better." You should really remove the mention from this article; it's the opposite of the point you're trying to make.
 
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stormcrash

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Haha I assumed it was for them not their teen…

Reasoning
Now that the children have left now is the time to get nice things the teens won’t drive, damage or otherwise put their teenage smell on…
It sounded like they were concerned about the prices of used cars spiking (due to tariffs) except for teslas (crashing due to Musk) meaning the only affordable used car to get a college bound teen would be a tesla.
 
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But a car is usually the second-most expensive purchase a person will make, and many Tesla owners are in no position to suddenly sell their cars just because they find the man who makes them politically unpalatable—even if the cars continue to depreciate faster and faster.

I do think we need to keep this in mind, and not be presumptuous when we see a Tesla in the wild. For many people, simply getting rid of their car isn't such a quick and easy thing to do. Especially a car that more than likely cost them north of $40k. We're not talking about eating a couple grand because their used Chevy Equinox blew a motor and now they're going to find another used car for under $10k.

At the rate many Tesla owners probably paid (and are still paying) for it, it could put them pretty far underwater right now to try and get out of it.
 
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Flitzpiepe

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For a normal car, if I had the choice between a new one for $60,000 or a 3 year old one for $50,000 I'd buy the new one. If it was $60,000 new or $30,000 for two year old I'd buy the two year old. So selling your used Tesla really, really cheap will cost Tesla a new car sale. Or they reduce the new car price to $40,000 and lose $20,000 on every new car sale. Except the used car price will automatically go down much further, so they lose more new sales or more income from new car sales.
Precisely.

Also, with the USA worshipping capitalism like no other, I find it rather amusing how the understanding of these basic mechanisms of a free market elude those of its citizens probably most attached to said ideology.

Baffling, really. :finedog:
 
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stormcrash

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I do think we need to keep this in mind, and not be presumptuous when we see a Tesla in the wild. For many people, simply getting rid of their car isn't such a quick and easy thing to do. Especially a car that more than likely cost them north of $40k. We're not talking about eating a couple grand because their used Chevy Equinox blew a motor and now they're going to find another used car for under $10k.

At the rate many Tesla owners probably paid (and are still paying) for it, it could put them pretty far underwater right now to try and get out of it.
I will absolutely judge anyone driving a facelifted Y, or 3 or anyone in a Cyberdork. All of those buyers had ample warning that Musk was a minimum a fascist sympathizing racist sexist egomaniac at a minimum, and anyone in a facelift Y when it rolls out outright knows that he's a Nazi that bought the position of shadow dictator and has actively sabotaged our society and government
 
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stormcrash

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Oh please, spare me the moral melodrama. It's a car, not a membership badge to your favorite crusade. If you genuinely believe your choice of wheels meaningfully tips the scales in global virtue, maybe your ego's the one needing a recharge.

And yet those small words fail to hide that you’re signaling from the comfort of your borrowed moral high ground.

Fair enough, though I'm not convinced choosing a Mazda over a Tesla qualifies as moral courage. Cars, after all, are just objects, not badges of ideological purity.
Decisions have consequences, purchases have consequences, large purchases have larger consequences. Ignoring evil consequences of your actions is disingenuous, selfish, and immoral
 
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I will absolutely judge anyone driving a facelifted Y, or 3 or anyone in a Cyberdork. All of those buyers had ample warning that Musk was a minimum a fascist sympathizing racist sexist egomaniac at a minimum, and anyone in a facelift Y when it rolls out outright knows that he's a Nazi that bought the position of shadow dictator and has actively sabotaged our society and government

The Model 3 is about where I have my own line. That one I personally won't be presumptive toward the owners of. It came out in 2017, and at that time, much of Elon Musk's proclivities still weren't really widely known to the general public.

The Cybertruck though, I'm with you on. By 2023, anyone who was paying even the slightest bit of attention definitely should have had a good idea who he was and what he was about.
 
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stormcrash

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Fascinating moral calculus: equating car shopping with battling evil. Perhaps next you'll bravely order a latte to dismantle fascism.
Every choice we make has a consequence. Sufficient distance sometimes reduces culpability in those consequences but when they're this blatantly supporting a pair of fascist leaders then the decision to purchase directly and materially benefits them and their evil. No purchase can be totally disentangled from potential downstream cooperation with evil, but material cooperation with evil as a direct intent or direct consequence is immoral, of story. Anything less is self-consolation via moral relativism

You mock small actions as somehow insignificant and therefore free of moral culpability. But if people can't make moral stands on easy small decisions how can they on large impactful ones? That relativist rot is at the core of our troubles in the modern world, comfort convenience and ease of access above all else, morals be damned. It's all about what you want/demand to be "happy" or "comfortable" and whatever it takes to get that is justified by that comfort. It's moral rot and decay
 
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stormcrash

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The Model 3 is about where I have my own line. That one I personally won't be presumptive toward the owners of. It came out in 2017, and at that time, much of Elon Musk's proclivities still weren't really widely known to the general public.

The Cybertruck though, I'm with you on. By 2023, anyone who was paying even the slightest bit of attention definitely should have had a good idea who he was and what he was about.
Though the facelift 3 also came out in 2023, after the purchase of Twitter and by which point it was utterly clear that Musk was a right wing fascist asshat and an utterly toxic human being in general. So while I give more leeway to the pre facelift, post facelift is absolutely in my crosshairs
 
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