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popular Posted by BigShotBob • Sep 1, 2023
Sep 1, 2023 6:36 AM
Item 1 of 2
Item 1 of 2
popular Posted by BigShotBob • Sep 1, 2023
Sep 1, 2023 6:36 AM
Tesla Model X & Model S Price Cut
$79,990
$79,990
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G-wagons are about the most reliable cars on the road because they're essentially over-engineered military vehicles. Their trannys and engines are bullet-proof.
they own 17% of the Rivians shares, yes, but amazon put in an order for thousands of vans at a rock bottom price and they basically bought the shares as part of a pump and dump.
Was pretty smart of them
Since Rivian lost money on every van they sold amazon
It is not going to be surprising if Tesla acquires one of the big German auto makers in the future.
seems like an enormous waste of money
I typically don't drive to 0 mile range (have though) and with the number of available 250 kWh charging locations that Tesla has, range anxiety is a non-issue. It's also little different from an engine getting tired (worn rings, increased transmission wear and resistance) and having reduced power. Because the warranty is 100K (and they've already figured in normal degradation) you're kind of safe from the catastrophic drops in battery output.
But like I said, you'll have degradation depending on usage, conditions, and luck. Plan on 3% and when it becomes unbearable to charge, trade-in, trade-up or sell.
E.g. Taking a 401K deduction when you contribute so it's a pre-tax reduction of your income isn't evasion, that's smart avoidance. Buying a car in Europe, driving it so it becomes "used" and then importing it is also fashionable.
But if you think it's evasion, the IRS has a form (3949) you can submit, and you're entitled to a portion of the proceeds (211).
The biggest problem with depreciation (versus deduction) is on recapture. Often when you resell an item, you owe taxes (or it becomes part of your profit/revenue) on the difference, basically reducing the cost basis when you depreciate an asset.
Say you depreciate a $100K asset to $10K, but sell it for $50K, recapture should kick in to the extent that you are now on the hook for $50-$10K (the new cost basis) or $40K.
https://www.irs.gov/faqs/sale-or-...-recapture
Edit: Not a CPA, get advice from a professional and not some rando on the internet.
To keep it along with the Tesla theme ... if you're buying a custom new S/X, the order may be delayed past the 30-Sep-2023 cut off for FSD transfers, if you're an existing owner. New owners may not care, but be aware that we have seen delays in excess of a year for Model S deliveries previously. In addition, China "Highland" M3 pictures have been leaked which may be motivation for Tesla to clear inventory. There's no real sense of urgency of "must order now" except for the FSD transfer - and even if you're trading in your vehicle with it, Tesla will price that into the trade-in valuation.
they own 17% of the Rivians shares, yes, but amazon put in an order for thousands of vans at a rock bottom price and they basically bought the shares as part of a pump and dump.
Was pretty smart of them
Since Rivian lost money on every van they sold amazon
You will be sticker shocked with Tesla outrageous service labor cost.
Source: my household owns 4 tesla. I speak from personal experience. The lack of non tesla repair shop is killing it. It's hard to find non tesla repair shop.
IIRC, only my previous BMW, a new AGM battery was about $500 from the dealer, and another $300 for them to swap it and reset the car's computer (it adjusts the 12V charging profile based on age of the battery). I was finally able to find a third-party AGM battery for about $250 to DIY, but wasn't able to reset the computer.
So Tesla service much more reasonable in my experience. However, there are Tesla parts that are themselves expensive and lots of labor the swap out. On some models, the LED daytime running lights were defective and would fail, to replace needed to swap out an entire sealed headlight assembly at about $2000 a pop, parts and labor. And for some reason, many Tesla owners go to Tesla to replace their tires or do an alignment, and then complain how it is much more expensive that if they'd gone to the neighborhood tire or alignment shop that can do the same job more cheaply....
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It is not going to be surprising if Tesla acquires one of the big German auto makers in the future.
EQE starts at 75k which is affordable
Let's talk this out side of the lab experiment. Do you take your car to a race track before you go to work? lol.
EQE starts at 75k which is affordable
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https://www.mbplano.com/new-inven...rice%20asc [mbplano.com]
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