I recently started working. I don't have a lot of loans (scholarship helped me). I have loved Tesla's for a long time and from my salary I "feel" I can afford a model 3. Please advise if I should buy a model 3 or go with some standard long lasting (Camry, Mazda) 20-25k car as my first car. Base: 135k Signon: 25k + 25k RSU: 100K over 4 years
Rather buy Tesla stock worth $35k instead of a Model 3. You will thank yourself later not rushing to buying a fancy car straight out of college and seeing that $35k worth Tesla stock grow in the next 5 years. Bought a BMW 328i right after graduation and sold it after 4 years of owning as it became a burden for me rather than a comfort.
This
That TSLA stock might as well head to $0, don't buy the hype. Buy a cheap reliable second hand car and VTI with the change
you can definitely afford it, go for it! Also I think you get free charge at nvidia right?
$TSLA investor spotted.
Yes near to free charging.
Focus your capital on acquiring assets, not depreciating liabilities. Thanks me later.
This
According to Elon Musk model fits the bill
Recent grads are now making 135k base??
Is it more or less
buy a used GTI, same price as the camry/mazda but way more fun, comfy and practical
So you're telling me buying a fancy used car around 20k makes more sense than a Tesla?
yes, is this controversial? only suckers buy new cars
Pay off all your loans first. You have lived your life without Tesla why burden yourself. Aim for 0 loans and a put a huge % of your salary into diverse funds then you can retire early and buy a Ferrari.
Leveraged investments can earn more and have better risk return characteristics, so blanket loan avoidance is suboptimal
Etrade - you need to tailor your advice to the audience. This guy needs to get his basics first. Then talk about trading on margin and derivatives ☺️
Yes, the SR+. You wont look at cars ever the same.
No.
Please explain more?
You cannot afford it kid.. unless you want to live a misrable financial life. A tesla is nearly worth 1 year of your post tax salary (one full year of crying on your office desk).. to me nothing other than a house and education is worth that. Buy a tesla only when you have bought all your basics including a house and saved a $100k. Just buy an used 15k toyota for the next 5 years and save yourself some money..