Tesla's big vehicle price fluctuations and repair wait times are putting rental car companies at a loss both in the figurative and literal sense. Tesla has cut prices by 30% this year and those rental companies which bought at the peak are suffering.
If you bought a Tesla during the peak of covid prices, the depreciation has been pretty brutal. (Edit Although i imagine its brutal for other vehicles as well.)
I’m not sure what people were expecting there though. Those prices weren’t exactly natural.
I don’t think outside of that event, theybe been as bad as they’re made out to be.
If interest rates go down and Tesla raises prices again, and they are losing some of the IRA credit, you might even end up on the appreciating side of things like owners just before the covid price spike.
If you bought a Tesla during the peak of covid prices, the depreciation has been pretty brutal. (Edit Although i imagine its brutal for other vehicles as well.)
I’m not sure what people were expecting there though. Those prices weren’t exactly natural.
I don’t think outside of that event, theybe been as bad as they’re made out to be.
Yeah, I bought just after the latest price reduction, so I guess I’m in the stupidly fortunate group of Tesla owners.
If interest rates go down and Tesla raises prices again, and they are losing some of the IRA credit, you might even end up on the appreciating side of things like owners just before the covid price spike.