Why almost everyone was wrong about Tesla’s cash flow situation
Serious question, and I'm not a Tesla hater either:Why does anyone spend $35,000 - $50,000 on a car? It just feels like a number that is at least 5x too high.A used car from a fairly reputable source can be had for between $3,000 - $6,000, depending on mileage and cosmetic appearance. My 2005 Ford Focus sedan was $3,000 and should last me about 3 years before I need to make a decision about major repairs, so that's less than $100 a month in ammortized costs.Are there really hundreds of thousands of people who are making $5,000+ a month necessary to justify the purchase of such an expensive vehicle? I'm not far from that number and most of my money still goes to food and rent.