Laser@lemmy.caM to Cyberstuck@lemmy.caEnglish · 3 days agoOptionslemmy.caimagemessage-square76fedilinkarrow-up1499
arrow-up1499imageOptionslemmy.caLaser@lemmy.caM to Cyberstuck@lemmy.caEnglish · 3 days agomessage-square76fedilink
minus-squareLeninsOvaries@lemmy.cafelinkfedilinkEnglisharrow-up25·2 days agoIf everyone wants to sell and nobody wants to buy, the used price will go down. If used teslas in good condition are dirt cheap, there’s no point buying a new one. If nobody wants a new Tesla, there are fewer Teslas entering the streets.
minus-squareCethin@lemmy.ziplinkfedilinkEnglisharrow-up12·edit-22 days agoMore important for your last point, it hurts Musk’s value. Most of his wealth is in stocks. Make those drop in value and he has less wealth.
If everyone wants to sell and nobody wants to buy, the used price will go down.
If used teslas in good condition are dirt cheap, there’s no point buying a new one.
If nobody wants a new Tesla, there are fewer Teslas entering the streets.
More important for your last point, it hurts Musk’s value. Most of his wealth is in stocks. Make those drop in value and he has less wealth.