There are plenty of haters of TSLA here, please ignore the following updates.
Even for TSLA cult players, if you have some questions, do not ask here, but find out the answer that helps you !
After this page, now I understand why TSLA skyrocketed last time ! WQJ is great by being blind buyer!!
Here is the analysis I made in last 24 hours whether to lease Model 3 or buy Model 3 in next 3 months, finally decided to lease model 3.
During this process, I see the fundamental difference between GM Bolt and Model 3 (and other TSLA cars).
My friend recently (within last 7 days) leased 3 years GM bolt with down payment $2000 and $400/month for 10000 miles/year lease. It does not have leather seat which is normally $2500 cash sale value, but have security convenience package which is equal to Tesla base autopilot. Assuming same lease interest rate and same residual value between bolt and model 3, I just ignore that value
Bolt costs 2000 (down) + 36*400 (lease) + 2500 (leather) = 18900 + residual cost
Model 3 lease cost from website
Model 3 costs 2000 (down) + 36 * 474 (lease) + 0 (leather default) = 19064 + residual value
The difference is $164 which is very minor difference.
When costs are almost same, model 3 has superior performance as given below:
Model 3 uses computer like screens which may costs $2500 additionally, but it is benefit to consumer. Comparing both, we have superior performance (max speed 145 mph while bolt 92), almost equal range model three is 250 miles/charge while bolt is 259 miles/charge.
For the same (similar costs) Model 3 is far better than GM bolt, which is why I choose model 3 for my next lease car !
For a bolt car sales, if GM makes 15% ($2835 on lease value), model 3 makes same 15% + dealer charges (as there is no middle man) almost 10%. = ($2835+$1890) = $4725
Every base car sales TSLA has $4725 over other competitors.
This is base car comparison, but when it comes to autopilot full function (which is attractive self driving) they charge $7000, but it is software where profit margin is too high, easily $2500 per license.
With multiple models (3,S, X, Y) long range, short range, full function autopilot…etc Tesla mint money crazily. They do not pay dividend to share holder, but the money is used for growth.
By all means, I will soon add TSLA with price around current range (as I have no shares now, sold at $768).
Caution: Market may go down with volatility, viewers must use their own analysis to buy/sell etc. This is my own view and it can go 100% wrong, do not take any action based on this postings.
No further Q&A or responses may be poor or wrong.