At first, I was thinking, “Well, it’s a bit early to cover this,” but then I realized, it really isn’t. When I bought my Tesla Model 3 SR+ with Full Self Driving in mid-2019, one of the reasons was that I wanted to jump into owning a Tesla with FSD before it was too late, before Tesla made too much progress on this and the cost to buy FSD was through the roof. In theory, once Tesla cracked them FSD puzzle , I’d have a robotaxi and my car would be much more valuable than when I bought it.
Indeed, back in 2019, Musk said, “If you buy a Tesla today, I believe you are buying an appreciating asset, not a depreciating asset.” You can say, “okay, fine, but FSD has taken longer to master than Musk anticipated and the prediction could still come true in the next few years or so.” That’s the optimistic take. But even with that take, how many people who bought a Tesla in 2019 still have that car? I know people who bought one and had it totaled in an accident.
I’m one of the buyers in 2019 who still has my Tesla Model 3. Nearly five years after purchase, my car has lost more than half of its value — according to Tesla. I always planned to keep the car for a long time, but then I was tempted by a trade-in opportunity Tesla offered last year to transfer FSD to a new Tesla, so I looked into trading it in.
Was I naive to think a Tesla could be an appreciating asset in 5 years? Clearly! Were many others in my boat? Admit it or not, they definitely were. Was Elon Musk irresponsible making such claims? Probably.Zach is tryin' to help society help itself one word at a time. He spends most of his time here onas its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert.
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