The sticker price isn't the issue. The issue is ironically fuel costs. Anyone who doesn't own their own house will rely on commercial chargers. In many circumstances a commercial charger can cost more per-mile than gasoline, and certainly they take much more time. So the non-rich, people who rent apartments and don't generally have spare time, cannot afford a used EV despite the sticker price.
Not-rich people also generally own only one car. They cannot "afford" a vehicle that is expensive to fix, both in time and cash. A couple days waiting for a part is a couple days missed work. A few weeks without a car (ie most any Tesla repair) could mean a lost job.
Cars are commodities, like microwave ovens or washing machines, not houses. You won't get any sympathy because your risky economic bet didn't pan out the way you expected it to.
No one is offering sympathy, we're just saying that when buyers are considering a car, depreciation is a consideration.
Because, you see, no one simply burns down a 3 year old car when they want a new one - they use whatever equity in their existing car as part of the payment of the new car.
They depreciated like a rented Uber, which seems entirely predictable.
If a value of a vehicle can drop $40k over a period of a month, it is too volatile and I will never purchase such brand.
And why is this bad? Who said a brand/company is entitled to a certain amount of sales just because they exist? Aren't we in capitalisms where it's sink or swim and the market/customer is right? If a product is volatile maybe it's not good and people should orient to other brands, no?
If Tesla bins it, other better manufacturers will pick up the slack if the EV demand is there according to market forces. If the EV demand isn't there, maybe the EV hype was a bubble that was gonna pop sooner or later?
It's not bad that it happens, it's bad for Tesla if they are marketing their product as high-end/luxury while their product very obviously lacks the attributes, such as a stable/predictable value over time, that competitors' luxury products have. Someone deciding not to buy a product, for whatever reason, is the system working as intended. If Tesla can't produce a product people want to buy, Tesla will suffer the consequences, as they should. If they don't change their marketing or improve their product in the light of low sales, that's on them.
Nobody is asking you to cry for Tesla owners or feel bad for them. If anything, this is more of a Tesla problem to solve as it reduces the likelihood of those wealthy buyers buying another Tesla in the future as it's another negative data point to consider.
People want to know what they can expect when making a huge purchase. When the pros outweigh the cons, and I would say worse than average depreciation is a pretty big con, then buyers will look elsewhere.
Where am I hostile?
>and I would say worse than average depreciation is a pretty big con
Depreciation accurately reflects current market demand. People need to take a good look at this and learn valuable lessons.
If demand for Tesla dropped then it's Tesla's problem. If demand for EVs dropped maybe it's time to reflect on why it dropped.
Your entire comment is hostile and outside the guidelines for this site. We’re in this for honest discussion, not “let me play you the world's smallest violin for them” or “Are Tesla owners gonna starve or become homeless”.
And that is exactly what "I won't buy a brand whose products have volatile value" is.
-Elon Musk, 2019.
Whether you believed him or not is a different matter but that's what he said at the time.
Oh no, poor wealthy Tesla owners loosing value on their car. /s Since when are ordinary cars appreciable investments?
It's been well known cars tank in value, especially when you're an early adopter of new tech in a market that's in constant disruption. Your 1999 GeForce 256 also lost most of it's value in a year compared to other later GPUs, it's the nature of tech in a rapidly changing market.
People who expect cars to hold/go up in value need to buy limite edition exotics, not mass produced commodities.
EVs tanking in value on the used market is good for EV adoption as non wealthy people can afford them.