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When I read this article, I had to groan at this guy's irritatingly flawed logic.


1. It's a known fact that when you buy a new car, it starts losing money.

2. It looks like this guy got caught up in all the artificial suspense and hype that was the Elon Musk / Tesla run up to actual availability of the Cyber "truck." Paying $100K or whatever was fine, so long as it looked like the concept of new car depreciation had been suspended for this particular vehicle. When these first became available, there were greater fools who were willing to pay more than new car asking price from early buyers. Now that this dynamic has gone away, this disenchanted buyer is trying to figure out how to not "lose" $30K on his purchase.

3. Okay, I will ask rhetorical questions here. He must've liked the car when he bought it, right? (Maybe it was that he liked the idea of making a killing on resale). So now that he's sunk $100K into this thing, why doesn't he like it anymore? (Maybe because he can't make the fast profit that he thought he could as others before him had). So now he doesn't like the car because it has depreciated like any other new car? Or because now he actually has to pay for what he signed up for?

4. Now the guy is suggesting a voluntary repo to get out from under the debt. Which will have credit rating ramifications. But if he'd bought a Ford F series or a Chevy Silverado, wouldn't he have the same situation with a form of negative equity? Meaning, he'd still own a ton and the value of the vehicle would've gone down from it's new vehicle price. How is this situation to be viewed differently because it's a Cybertruck??

5. The whole Cybertruck marketing and execution thing has been bogus. Elon Musk put on the same hype-driven circus monkey show that he's used for all of his enterprises. He dangled an entry level price of $40K, then used delays in production to tease and torture the impressionable and make their scrotums tingle with want for his vehicle. So when the vehicles actually became available, the wave of desire (and high price) hit hard, for a while. Until it faded away. When the bandwagon starts to roll downhill, you don't want to be one of the last guys to jump on. By then, the show is already over.

6. All along, I've thought that the price of new Tesla products (of all kinds) seemed high. I've thought that some amount of the profit per unit was above and beyond normal industry mark-up. Due to the hype and showmanship angle of Musk. Because of his mystical promotion, he has been able to wring extraordinary profits from each one sold. Lately, we've been seeing price cuts. Reality may be catching up. There is only so much market for any kind of product.

What a state of affairs.
 
virtua-fighter-19705.jpg

How i picture anyone driving one of these first gen 3D animated trucks.
 
Why was it purchased in the first place??
It doesn't specify this but if 'Sledder' bought it to try to play the resale game (however it was 'orchestrated') he took a BIG chance and he lost.

I used to see similar when I was in the (dealer) RV biz but under different circumstances.

There were people who would buy an RV and realized shortly thereafter they couldn't afford it and begged and pleaded with with dealer to take it back but that was typically not an option unless the dealer BOUGHT it back (for considerably less) or offered to consign it.
 
It doesn't specify this but if 'Sledder' bought it to try to play the resale game (however it was 'orchestrated') he took a BIG chance and he lost.
And now he's considering having the bank start eating it.

There were people who would buy an RV and realized shortly thereafter they couldn't afford it and begged and pleaded with with dealer to take it back but that was typically not an option unless the dealer BOUGHT it back (for considerably less) or offered to consign it.
One of the basics you learn in Econ 101 is the principle of caveat emptor. Buyer beware. Buying unnecessary toys (like a motorhome, etc) is probably a real area of danger for the unaware. Especially once they figure out that they drive it for two weeks out of the year, then it's parked for the other 50 weeks. Not the rule but common.

In the case of the Cyber"truck," how practical is it? Isn't it at least approaching the "toy" category?

In any event....they ain't what I think of when I think of a pick up truck.
Yes, and I'm wondering if many of the buyers acknowledge this, are aware of it, or simply don't care? Or maybe just all part of the mystique. It's really quite practical; those of who are not cognoscenti just can't appreciate the novelty and innovation.

When I was a kid, Japanese truck farmers used to take a Model A with a rumble seat, take that part out, and install a horizontal wooden box in the hole. That was one of their haulers and didn't cost anything like a Cyber"truck." Had almost the same capacity.
 
When I was a kid, Japanese truck farmers used to take a Model A with a rumble seat, take that part out, and install a horizontal wooden box in the hole. That was one of their haulers and didn't cost anything like a Cyber"truck." Had almost the same capacity.
Like this:

model a with pickup bed.png

When I was a kid in the 1950's, not everyone was driving a flashy new car. In my hometown, some of these were still in use. This one is fancy, the bed is made of metal.
 
I see the cyber truck as the same as the H2 hummers.

Everyone wants to have that new innovative "looking" vehicle but when the craze stops so do the vehicles.

I remember a few months ago seeing an H2 and thinking, I wonder what happened to all of the ones I used to see on the road…
 
I see the cyber truck as the same as the H2 hummers.

Everyone wants to have that new innovative "looking" vehicle but when the craze stops so do the vehicles.

I remember a few months ago seeing an H2 and thinking, I wonder what happened to all of the ones I used to see on the road…
They're still around.
Just got to know what to look for.

41yCXcW7CXL.jpg
s-l400-9.jpg
 
It's really quite practical;
Personally I fail to see the 'practicality' of it.

Expensive, unconventional and being EV ain't it's high points. It was a highly promoted vehicle intended to sell a lot in the short term, to a narrow, naive market, make the money and run and, according to an article this morning:

Tesla to end Cybertruck? Elon Musk's latest move shocks the world

Tesla's highly anticipated Cybertruck made waves when deliveries began, quickly becoming one of the best-selling electric pickup in the U.S. in 2024. However, after clearing the backlog of pre-orders, demand appeared to have slowed down. The car has become popular among both fans of Tesla as well as online users, where the vehicle has become something of a meme due to its unusual shape. However, fans bay be disappointed to know that we may be seeing the last of the vehicle.

In addition to the break, an internal memo revealed changes to the workforce in January. Employees were asked to complete a survey to express their preferences for upcoming work assignments. While the survey was framed as an opportunity to share preferences, it indirectly hinted at a potential decrease in Cybertruck production. The memo stated, "As we continue to assess schedules to meet business needs, we'll be making a change to Model Y and Cyber schedules, and we want to ensure that your preferences are considered." This suggested that the demand for Cybertruck may no longer justify the current production pace.

According to Business Insider, this restructuring has already begun, with a portion of the Cybertruck team being reassigned to Model Y assembly lines. Some employees, however, reported that they were forced to switch to Model Y production, suggesting that there weren't enough volunteers to make the transition. This shift marks a critical point in Tesla's Cybertruck strategy, raising questions about the long-term demand and viability of the highly anticipated electric pickup.
 

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