A Cybertruck owner is celebrating the fact that Tesla sold him a defective truck. He can now avoid all the depreciation by returning the vehicle to Tesla at full price. However, he’ll be using the money to buy another Cybertruck for $30,000 less.
No, as there will always be a lot of metal for scrap. What is the price of aluminium at your local scrapyard? That will give you an idea for the price floor.
Will the price eventually hit 0 or is it asymptotic?
Eventually, Elon will pay people to take his “trucks.”
No, as there will always be a lot of metal for scrap. What is the price of aluminium at your local scrapyard? That will give you an idea for the price floor.