[mobike008]

Major Update- March 14th, 2025

Folks,

I don't know how to say this but, I have to still say it. With a heavy heart, I announce that I have decided to let go of my beloved "Rosso Diablo" due to a situation that is beyond my control.

It's one of those rare decisions that I take with my "mind" unlike majority of my decisions which is almost always with a "heart".

All this transpired just a couple of weeks ago. I was in India and Sri Lanka on work and I could see the growing resentment about Tesla from the general public and when I got back home, I decided to do a re-sale price check of my Tesla and this shook me out of my senses.

I immediately decided that I need to let go of this car which If I don't will bankrupt me.

Basically, the decision was taken purely from a financial reason due to all the unrest and resale hit that's happening due to Musk's antics.

As a product, I absolutely love the Tesla and I will 100% come back to a Tesla sooner than later when all this brouhaha dies down.

Without going further into details, earlier this week, I handed over my Tesla and got into my brand new ride.

Knowing this is an enthusiast forum. You are welcome to take a guess of my next ride which might be a shock as it was for me. But, then hey I still take decisions from the heart (at least part of them...lol)

A new ownership thread will be formed in due course of time.

Odometer Reading at the time of hand-over (~ 29,000 miles/46,000 kms) in a beautiful, flawless and super thrilling ownership period of 2.5 Years.

[Abhi_Automobile]

I assume a Porsche would do justice. Used Taycans are going for 40% of list price these days. Just saying even though you already made the purchase ��

Can’t be the Merc in the background I’d imagine!

[mobike008]

Originally Posted by Abhi_Automobile

I assume a Porsche would do justice. Used Taycans are going for 40% of list price these days. Just saying even though you already made the purchase

You are asking me to get out of a fire and jump off the cliff?

Taycans don't need the bad publicity that Musk gets. Their resale value falls without any help.

Taycan would be the last Porsche in my list of Porsches.

Originally Posted by Abhi_Automobile

Can’t be the Merc in the background I’d imagine!

I reckon imagining is not a bad thing. It helps clear our mind.

[Ssquare]

Farewell to the M3P (Rosso Diablo). Your ownership review has provided so many insights on Tesla as a brand. I was never a fan of electrics, but going by your thread, I was so excited that Tesla is soon entering this side of the world. Anyway, awaiting your new ownership review. I'm guessing an AMG GT. Would love to hear the performance of MB from your perspective being a BMW fanboy.

[mobike008]

Originally Posted by Ssquare

Farewell to the M3P (Rosso Diablo). Your ownership review has provided so many insights on Tesla as a brand. I was never a fan of electrics, but going by your thread, I was so excited that Tesla is soon entering this side of the world. Anyway, awaiting your new ownership review. I'm guessing an AMG GT. Would love to hear the performance of MB from your perspective being a BMW fanboy.

Thanks buddy for your kind words. I still have my doubts on Tesla coming to India. We will see when they actually start selling it and people driving it on Indian roads.

Well, I will always remain a BMW fan-boy. Keep reading to see how the Munich/Bavarian Fella gets a mate from Stuttgart...

---------------

Folks,

I'm happy to share that another dream has been realized and the "3-Pointed Star" comes home.

[Foxbat]

Originally Posted by mobike008

Thanks buddy for your kind words. I still have my doubts on Tesla coming to India. We will see when they actually start selling it and people driving it on Indian roads.

Well, I will always remain a BMW fan-boy. Keep reading to see how the Munich/Bavarian Fella gets a mate from Stuttgart...

---------------

Folks,

I'm happy to share that another dream has been realized and the "3-Pointed Star" comes home.

Attachment 2736916

Attachment 2736917

Congratulations ! Looks like a Mercedes EQE ?

Musk's antics are destroying used Tesla's resale values, I recently saw online someone got a 2 years old Tesla Models S Plaid appraised at Tesla itself with 36k miles on it for $46k! In 2023 a new one would have been $105k, in 2022 it was $135k.

[mobike008]

Originally Posted by Foxbat

Congratulations ! Looks like a Mercedes EQE ?

Thank you!

Originally Posted by Foxbat

Musk's antics are destroying used Tesla's resale values, I recently saw online someone got a 2 years old Tesla Models S Plaid appraised at Tesla itself with 36k miles on it for $46k! In 2023 a new one would have been $105k, in 2022 it was $135k.

So you know the story. Thanks to Musk's antics, imagine the amount of money I lost and if I hang on to it for a couple years then I will have to pay the buyer to sell it.

Jokes aside, there is no product like a Tesla in the market. I will go back to it once my financial situation gets "auto corrected".

[pratik1992]

Enjoy the new Merc. Sad that I won’t be getting new updates on this thread anymore. Always enjoyed reading them and comparing it to my car.

Was checking out the new Model 3. Tried to get the trade-in estimate for my 2023 M3P with 26k miles. Got a quote $24000 from Tesla for a car that not even two years ago cost me $55000 ��

It doesn’t make me happy. But I am going to hold onto it, until I can. Even if I get second car in the future, this will stay as a beater, just cause I can’t find anything like it without stretching my budget way too much. Thinking of getting the extended warranty to hold onto it until 75k miles.

[mobike008]

Originally Posted by pratik1992

Enjoy the new Merc. Sad that I won’t be getting new updates on this thread anymore. Always enjoyed reading them and comparing it to my car.

Thank you Pratik. Hope you were able to relate to my ownership thread considering you too have a Tesla.

I'm sad that I need to let go of it. But, heck who knows I might get back into a Tesla with a Plaid S.

Originally Posted by pratik1992

Was checking out the new Model 3. Tried to get the trade-in estimate for my 2023 M3P with 26k miles. Got a quote $24000 from Tesla for a car that not even two years ago cost me $55000

Horrendous. I could not take this shock.

I acted swiftly and decided to spend money on a new ride...lol!

Originally Posted by pratik1992

It doesn’t make me happy. But I am going to hold onto it, until I can. Even if I get second car in the future, this will stay as a beater, just cause I can’t find anything like it without stretching my budget way too much. Thinking of getting the extended warranty to hold onto it until 75k miles.

75K miles is nothing as it can go on and on.

The challenge is with the Highland out and Musk's antics the resale will continue to tank till this version is sold like peanuts (Highland and Jupiter will hold value)

My recommendation is to bail out when you can.

[aashishnb]

Would this make it a good time to buy used Teslas at relatively low cost & use them till one runs them into the ground?

[bansal.sushant]

Congratulations on the new ride!

I am not based out of US, so I didn't fully understand the financial implication here.

I understand that resale value of Tesla is going down, but you had anyway paid for it, and you loved the car - why did resale value dictate your car upgrading decision?

Do you expect the resale to fall so much in the next 1 year, that you would have lost more on it than a new Merc? :o

[UD17]

Originally Posted by bansal.sushant

Congratulations on the new ride!
Do you expect the resale to fall so much in the next 1 year, that you would have lost more on it than a new Merc? :o

I have exactly the same though when I read the initial post. I am assuming that OP already had some plans to upgrade his Tesla in near future, just assuming as he talked about model S plaid.

Congratulation for the new ride. Wish you many happy miles with the new machine.

[FiestaST]

Hey mobike008, glad you're out of your Tesla.

I bought Model YP in Feb 2023 and 18 months into ownership I wasn't enjoying the ownership like I should (especially with 500+ E hp). I think too many on the road and monumental depreciation were the main reasons.

I got rid of it at a loss of around $8k and leased a Polestar 2 (with performance software) at a substantially cheaper price. It's not as hi-tech but sublime, solid and truly European.

Hope your new Merc (looks like an E) serves you well for a long time.

[mobike008]

Originally Posted by aashishnb

Would this make it a good time to buy used Teslas at relatively low cost & use them till one runs them into the ground?

Yes. This would be a good time to buy a used Tesla. But, you should be aware that the prices will continue to drop so you will lose value on an ongoing basis more than other cars.

If you don’t care about it. Then you can get it.

Originally Posted by bansal.sushant

Congratulations on the new ride!

I am not based out of US, so I didn't fully understand the financial implication here.

I understand that resale value of Tesla is going down, but you had anyway paid for it, and you loved the car - why did resale value dictate your car upgrading decision?

Do you expect the resale to fall so much in the next 1 year, that you would have lost more on it than a new Merc? :o

Well, I am not Ambani so like most folks I took the car on loan. Here is a quick math.

I paid $75K for the Tesla and now it’s worth less than $30K as per Tesla.

If I sell the Tesla, I would still have a lot of negative equity. I did a deal with Mercedes who gave me a phenomenal value for the Tesla compared to external market and they also rolled over my negative equity into the new car payments so it was a win-win. My negative equity is taken care and I have a brand new luxury car to drive.

Hope this explanation helped you understand my financial predicament.

Originally Posted by UD17

I have exactly the same though when i read the initial post. I am assuming that OP already had some plans to upgrade his Tesla in near future, just assuming as he talked about model S plaid.

Congratulation for the new ride. Wish you many happy miles with the new machine.

Thanks. I explained above.

Tesla is a great product and will get the newer Tesla in future (2-3 years down the line).

Originally Posted by FiestaST

Hey mobike008, glad you're out of your Tesla.

I bought Model YP in Feb 2023 and 18 months into ownership I wasn't enjoying the ownership like I should (especially with 500+ E hp). I think too many on the road and monumental depreciation were the main reasons.

Thanks. Now after driving the Mercedes for a week, the only thing that I miss about the Tesla is its thrilling and crazy acceleration. Other than that, I find everything else in the Mercedes pretty good and makes me feel like I am “Ambani”..lol!

Originally Posted by FiestaST

I got rid of it at a loss of around $8k and leased a Polestar 2 (with performance software) at a substantially cheaper price. It's not as hi-tech but sublime, solid and truly European.

When Polestar 2 was launched, I drove its performance version and I was not too impressed and got the Tesla.

Coincidentally, a couple of weeks ago, I drove the new Polestar 3. They have an offer of $20,000 discount on the Polestar 3 if you are a Tesla owner.

I drove the 3 and yet again, I was not impressed. It felt heavy, sluggish despite being the top-end performance model. Their interiors are very good build quality but, the way things are appointed left a lot to be desired.

Besides, their pricing is way off the mark as it starts at $80K and ends at $92K which is ridiculous for.a Polestar. No wonder they are giving $20K discount for Tesla owners. I

I doubt if they can sell at this price point.

Originally Posted by FiestaST

Hope your new Merc (looks like an E) serves you well for a long time.

I’m already lovin’ it. This picture might help you guess the car. Haha!



It’s not a race car like Tesla but, it’s Smooth, Peppy, Silent, Luxurious compared to a Tesla.

[Dry Ice]

Originally Posted by mobike008

I’m already lovin’ it. This picture might help you guess the car. Haha!

It’s not a race car like Tesla but, it’s Smooth, Peppy, Silent, Luxurious compared to a Tesla.

Congrats!

My guess is EQB, looking at the grill, clamshell bonnet, and a faint glimpse of roof rails.