Post #1103 by intercst on the Retirement Investing board

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<< The buyers of NEW EVs will eventually catch on that they will lose a ton of money in the first 1-2 years due to the massive depreciation. >>

Nonsense.

There will always be people who are poor at arithmetic that will buy a new car.

I was very happy to find a 2020 Model Y on Tesla's website for $25,000 ($21,000 after the used EV tax credit.) Many thanks to the original owner who ate the first $40,000 in depreciation.

I'm 2 weeks short of owning the Tesla for a year. My Tesla app tells me that I've driven it 2,500 miles and spent $64 charging it, all that off the 120 volt plug in my garage. The fact that it has "Performance Boost" and boasts a 4.2 sec 0-60 acceleration doesn't seem to show up in the charge bill.

intercst

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