OT: Stock and Investment Talk
- Thread starter RU-05
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EVs or specifically Teslas? Not sure about others, but my used tesla model is listed at essentially the same price as I paid new.
10k for you and another 10k for spouse each year. The $10k limit used to be higher. Depending on your age and financial position, the limit can reduce the usefulness of these.
I think some of you should look into closed end funds (CEF). Look for a price close to its NAV, leverage less than 33%, and distribution that is mostly income instead of ROC. The distribution rates are phenomenal, 10-12%. I like Brookfield Real Assets (RA), Pimco Dynamic Income (PDI) amongst a handful I own. They pay monthly and when the price goes substantially over the NAV, I cash out. You can get all the data you need on any specific CEF by going to the cefconnect.com website.
Guys - this 7% rate isn't fixed, a large portion of it varies with CPI. Still probably a good idea, but this isn't the 30-year t-bonds from the 1980s.
Well that overnight is going to have to last a long time. It's now around $63. The "investors" who bought at $175 are probably starting to feel like the one's who bought GME at $425.
Tesla doesn't bother me. A lot of stocks of real companies are just overvalued as opposed to the smoke and mirrors of the meme stocks. But not too many have a cult following that genuflect and pray to Elon Musk more times a day than a Muslim does towards Mecca.
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Here's a nice bipartisan nightmare: The thought that MTG and AOC have any influence, even a vote, with respect to legislation that would impact the economy.
Yes, there are 2 rate components to I-bonds. One is fixed and the other is linked to CPI which varies over time.
An interesting McKinsey report on how EVs are likely to affect dealerships. Tesla isn't specifically mentioned. One thing I didn't know is that California has 7x the rate of registrations as the #2 state (Florida).
The report does have this to say about depreciation:
A turning point for US auto dealers: The unstoppable electric car
Electric-vehicle sales are surging, transforming every aspect of the business. Our assessment helps US auto dealers prepare for the coming change.
"t remains to be seen how profitable used electric cars will be [for dealerships]. While right now, due to concerns with long-term battery performance, EVs depreciate more quickly, in our view, EVs in the long run will likely depreciate in value more slowly than ICE vehicles and have longer life spans, which should improve their residual value. Since EVs can achieve a higher mileage over their lifetimes, the vehicles are monetizable over a longer period of time.
As some of us know, Telsa is in an other universe when it comes to many things auto-related - including depreciation.
www.caranddriver.com
Tesla Model 3 Bucks Trend of Electric Vehicles Depreciating Rapidly
The average vehicle coming off a three-year lease has lost 52 percent of its value, but a Model 3 only loses about 10 percent, one study finds.
- The outlier is the Tesla Model 3—both compared to other EVs and the market as a whole—which iSeeCars estimates is worth only 10 percent less coming off lease after three years than when it was new.
- Tesla's technological advantages—real and perceived—are a big reason the 3 keeps so much of its value. They help keep the Model S and X above average as well.
I had initially planned on buying a used Model 3 but after searching/researching I quickly found the price difference between new and used to be so narrow, that new was the way to go.As some of us know, Telsa is in an other universe when it comes to many things auto-related - including depreciation.
Tesla Model 3 Bucks Trend of Electric Vehicles Depreciating Rapidly
The average vehicle coming off a three-year lease has lost 52 percent of its value, but a Model 3 only loses about 10 percent, one study finds.
- The outlier is the Tesla Model 3—both compared to other EVs and the market as a whole—which iSeeCars estimates is worth only 10 percent less coming off lease after three years than when it was new.
- Tesla's technological advantages—real and perceived—are a big reason the 3 keeps so much of its value. They help keep the Model S and X above average as well.
What most people know but should be mentioned is that the interest is exempt from New Jersey income tax.
When will Tesla update the appearance? IMO, the same body style since onset is getting a little tired.
Another point to consider is that you don’t get a stepped up basis upon death so keep that in mind if you are thinking about estate planning. But then again, there are proposals to eliminate the stepped up basis altogether.
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True. Kind of like dividends accrued because it's past the ex-date but not yet paid are part of the estate. But you don't have multiple years of accrual like you do with SBs
Yup, if you go to treasurydirect.gov it spells out the formula and give you a historical. Like it as an alternative to CDs or cash.
+1
Not a bad option to park cash (like a CD).
I bonds interest rates — TreasuryDirect
www.treasurydirect.gov
Tesla doesn't follow the legacy auto playbook. They'll update when they have to. Not a wise business decision to shut down production when demand is at an all time high.
+1
Not a bad option to park cash (like a CD).
I bonds interest rates — TreasuryDirect
As long as you don't need it quickly.
I agree. However, when they do need to, they are not going to be able to maintain that margin. Was in the NYC today and saw a couple of model 3 yellow cabs. I guess the positive is that it’s a taxi so Robotaxi may not be far. The negative is that it will hurt the brand. A lot of people don’t want to drive taxis.
Assuming this will be your first EV purchase, I think it is safe to say this will be the funnest car you have ever driven. Congrats!
Competition for TSLA? Did they announce Mach E #'s?
I imagine most of this quarter is ICE.
But the street did like F's QTR unlike GM. F reinstated a dividend as well. .10 per share.
At this point. Now the Mach E is apparently successful out of the gate, and the F-150 will likely be as well. But yeah, at this point, F's EV is nothing compared to TSLA.
This qtr for F was about ICE.
Very much so. I’ve had a few friends test drive mine. Two have ordered their own lol
True but the same could be said about Tesla auto sales is barely a patch on Ford’s Fanny.
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