Re:Brutal week sees Tesla shares lose $80B in market value
by thdespou on Saturday December 24, 2022 @09:32AM
(#34117110)
Depending where you live, all cars could be considered luxury cars but in reality they are just expensive. For example in Ireland a new scoda Octavia starts from 34k-54k euros. There is not big difference in price, but it's not considered luxury car for sure. I remember back in 2002 a good version of this car would cost between 16k-24k.
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Re:Brutal week sees Tesla shares lose $80B in market value
by rsj_hn on Saturday December 24, 2022 @12:24PM
(#34118884)
Let's not pretend that we are babes in the woods, with glistening eyes just opened to the world, trying to decide for ourselves what a "luxury car" really is.
This is a well defined market segment for suppliers and consumers alike. It is a term of art used by industry analysts, investors, producers, and car buyers. Don't create your own definitions or philosophical musings about "what is, luxury, really?". If I say I am going to buy a junk bond, you don't need to start questioning "what is junk? All things are needed in life. One man's junk is another man's treasure", etc.