Tesla business discussion
Lead Lap
Joined: May 2010
Posts: 3,991
Likes: 1,616
From: San Diego, CA
Lexus Champion
Joined: Oct 2019
Posts: 19,693
Likes: 3,766
From: California
. We will be working with a tax professional to figure it out. Unless you have some advice 
. PM will work
Lexus Test Driver
Joined: Feb 2002
Posts: 8,207
Likes: 250
From: New York
Most of my money is either in my home or investments. I keep a small amount of emergency cash in savings, so I agree with you, 1/3 is lot of money that is either collecting a very pitiful amount of interest or none at all. Of course with the markets the way they are right now, my portfolio is looking a little "down" these days
Lexus Champion
Joined: Oct 2019
Posts: 19,693
Likes: 3,766
From: California
I'm long term, and my house has continued to appreciate, so I would rather keep my money in the market. Unless that is we have a 1920's type market crash, than we are all screwed anyway. I also have an equity line for extreme emergencies
Lexus Champion
Joined: Oct 2019
Posts: 19,693
Likes: 3,766
From: California
An interesting tidbit. Tesla has slashed prices on the Model 3 six times this year. The current price of the base Model is $39,990. But I was talking to a friend who owns a 2020. Guess what he paid? You guessed it...$39,990 LOL
CL Community Team
Joined: Oct 2011
Posts: 3,423
Likes: 201
From: US
[
now you heard it. 
it’s a personal choice. Inflation sure can affect your portfolio but not as much as when the market is not in your favor. No?
it’s a personal choice. Inflation sure can affect your portfolio but not as much as when the market is not in your favor. No?Last edited by 1111GS; Apr 21, 2023 at 10:21 AM.
Pole Position
Joined: Jul 2001
Posts: 2,376
Likes: 219
From: Silicon Valley
Your net worth must be pretty small... Not going to have millions of dollars in cash sitting around. In today's volatile market, it's better to go for a short term CD...I have larger then most "discretionary spending" aka play money, but I don't care if I lose value on it as I use it to buy and sell stuff on a whim.
Lead Lap
Joined: Jul 2010
Posts: 3,902
Likes: 296
From: NY
Oh, I pay a lot of taxes. Not sure what you mean by "going up in smoke", if you are referring to the EV tax credit, I don't qualify, so it does me absolutely no good. I'm also betting that every Tesla owner here never benefited from any Federal tax credits (possibly only state, which wouldn't affect you at all)
Lexus Champion
Joined: Oct 2019
Posts: 19,693
Likes: 3,766
From: California
I Know that sounds like a big deal, but it really isn't as it was just a prototype of a new bigger rocket. Just the fact it lifted off was good news. The amount of data they collected will assist them with the next launch. If you look at the overall numbers of previous failures with other rockets and boosters, you would have thought SpaceX was a waste of time.
As far as I know, SpaceX is not using our tax dollars, but I haven't looked that up
As far as I know, SpaceX is not using our tax dollars, but I haven't looked that up
Lexus Champion
Joined: Oct 2019
Posts: 19,693
Likes: 3,766
From: California
Thanks! If I get it earlier than expected, no problem, I'll either just park the Hyundai or pay off the lease early and return it. I would buy it out, but I looked at the residual value, and it's $22K...no way. The rear spoiler is loose and the passenger side power window gets stuck. It's a good cheap commuter at $190 a month it's a value, but no way I would pay $22k, which I would rather put down on a Model 3
Lexus Champion
Joined: Oct 2019
Posts: 19,693
Likes: 3,766
From: California
Tesla's Market Share In US/Canada Almost Reached 4% In Q1 2023
In Europe and China, it's at around 2 percent and growing
"Since 2008, Tesla sold cumulatively more than 4 million electric cars globally, and its 12-month output improved beyond 1.4 million annually (almost 1.7 million annually, considering only Q1)"
https://insideevs.com/news/663513/te...-share-2023q1/