So Seth Weintraub sold $TSLA at $35 a share in Jan 2020. Today $467.
Then Seth missed out on gains of 1,200%. And Fred selling in Sep, 2024 missed out on 100% gains.
Consumer reports put VW 18th out of 22 in reliability, yet some how this article states: "Volkswagen emerged as a dominant force in the reliability rankings, with the Golf Sportsvan, T Roc, and Touareg earning top marks in the four-year and older bracket."
If it comes to pass that traffic jams are in large part due to poor human choices, that will bode poorly for the general populace to continue to be allowed to drive.
Flying used to be like this - my grandpa had 3 airplanes, used one to fly a calf back to his farm. But flying got regulated till it's quite rare to meet a casual pilot with his own plane.
I was doing the math on leasing an EV and really seems to work. With the EV deprecation, you are actually coming out ahead of buying in many cases. A friend did this with a Kia a few years ago and looks like its a valid option.
It works because the manufacturers are willing to defer the hit and eat the depreciation themselves in three years. If the leases were honest and the residuals accurate, it would be a wash with buying.
Picked up a 10 year old Fiat 500e with 50k miles for $5k as my daughters first car. She and my wife love it. Way more power than the gas model, and a super fun drive.
Fun fact -- three years after the first 500e went on sale, they were going through auction off-lease at $4K (in the US, at least). Ouch! I remember this vividly because a coworker of mine's wife had purchased one brand new for over 30 grand.
For a few years (maybe ~2017-2019?) you could lease them for well under $100 / mo in CA with standard down payments & fees. Total lease cost was like $1k per year.
Simply not much demand. Not enough buyers of used cards want them. Dealers will bid in auctions to price point where they can make reasonable profit. I would expect something like say two thousand and then some percentage on auction price to make retail price.
They are doing it weekly. They know what sells at what price and how fast. So price discovery can work pretty well and mostly correct.
Now more questions can be asked why there is no demand? Is the initial price maybe too high? Or is there some other factors.
