LaserM to [email protected]English • 3 days agoOptionslemmy.caimagemessage-square88fedilinkarrow-up1508arrow-down126
arrow-up1482arrow-down1imageOptionslemmy.caLaserM to [email protected]English • 3 days agomessage-square88fedilink
minus-square@[email protected]linkfedilinkEnglish24•2 days agoIf everyone wants to sell and nobody wants to buy, the used price will go down. If used teslas in good condition are dirt cheap, there’s no point buying a new one. If nobody wants a new Tesla, there are fewer Teslas entering the streets.
minus-squareCethinlinkfedilinkEnglish12•edit-22 days agoMore important for your last point, it hurts Musk’s value. Most of his wealth is in stocks. Make those drop in value and he has less wealth.
If everyone wants to sell and nobody wants to buy, the used price will go down.
If used teslas in good condition are dirt cheap, there’s no point buying a new one.
If nobody wants a new Tesla, there are fewer Teslas entering the streets.
More important for your last point, it hurts Musk’s value. Most of his wealth is in stocks. Make those drop in value and he has less wealth.