But this isn’t some cheap econo-box he’s buying. Its a Tesla, a brand that sees itself as “luxury” (which has always been bullshit btw, but luxury is an opinion and other people’s opinions are allowed to be wrong).
No one gives a crap about a Honda or Toyota because everyone recognizes them as econo-shitboxes (ignoring a couple of midwestern “Ford towns” or “GM towns”… the vast majority of the USA doesn’t care about Honda or Toyota or Nissan. These are cheap vehicles and everyone knows that).
Its a different story for “higher end” vehicles (or at least, cars that have a higher-end marketing). Tesla at some point was seen as a $60,000+ car (though today depreciation has wrecked that). There’s a “dated luxury” feel to this car coinciding with its declining value. People who hold onto it would be seen as not being able to afford to change up to something that actually holds its value.
Elon Musk is… secondary… to the problem at hand here. The issue is that Tesla (yes, run by Elon Musk who has made a lot of bad decisions) has caused Tesla Model Y to decline in value by literally dozens-of-thousands of dollars in just 2 years.
Yeah, don’t buy or drop the car because of politics. But… erm… its hard to call an asset that has depreciated this much a luxury anymore. At some point it is embarrassing to keep holding.
But this isn’t some cheap econo-box he’s buying. Its a Tesla, a brand that sees itself as “luxury” (which has always been bullshit btw, but luxury is an opinion and other people’s opinions are allowed to be wrong).
No one gives a crap about a Honda or Toyota because everyone recognizes them as econo-shitboxes (ignoring a couple of midwestern “Ford towns” or “GM towns”… the vast majority of the USA doesn’t care about Honda or Toyota or Nissan. These are cheap vehicles and everyone knows that).
Its a different story for “higher end” vehicles (or at least, cars that have a higher-end marketing). Tesla at some point was seen as a $60,000+ car (though today depreciation has wrecked that). There’s a “dated luxury” feel to this car coinciding with its declining value. People who hold onto it would be seen as not being able to afford to change up to something that actually holds its value.
Elon Musk is… secondary… to the problem at hand here. The issue is that Tesla (yes, run by Elon Musk who has made a lot of bad decisions) has caused Tesla Model Y to decline in value by literally dozens-of-thousands of dollars in just 2 years.
Yeah, don’t buy or drop the car because of politics. But… erm… its hard to call an asset that has depreciated this much a luxury anymore. At some point it is embarrassing to keep holding.