this post was submitted on 07 Mar 2025
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Cyberstuck
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I honestly don't understand what selling it does though. The same amount of teslas are still on the streets. Please help me understand.
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.