Note that his numbers are not typical across the country. They were for large houses in a hot AC-dominated climate with near highest electric costs in the nation. Where gasoline prices are also near highest in the nation, with long commutes being common. Most of the nation pays considerably less. Before this current war's fuel price spike, national average gas price was $3/gallon. At common driving rates of 15k miles/year, many hybrids have fuel bills less than $100/month. For those driving just 12k/year, even numerous non-hybrids could burn less than $100/month. I do have solar. But if I didn't, the energy portion of my electric bill (i.e. not including the fixed connection charge) would average under $100, even with home charging of a PHEV. The spouse and I are retired and home much of the time, in an all-electric (no natural gas service) house. Though it is smaller than most people want anymore, and I have considerably improved its energy efficiency.
Horrors. My life of the car gas costs average 7.6 cents a mile. I have averaged only 7k miles a year. Total life of car fuel costs of $3,880 or so. Now how many years would it take for a solar powering/charging system and a EV vehicle to pay off for me?
Which closely matches my Prius Prime numbers. But we have different things in life that amuse us: You "averaged only 7k miles a year" I average over 20k miles a year 2019 Model 3: ~180,000 miles / ~8 years = 22,500 miles Get what makes you happy and enjoy. I do and like sharing my tricks. Bob Wilson
Back to the thread topic, I've been watching closely to see if the free fall of SpaceX is going crash land anywhere near here. It did go up for 4 days, so possibly Elon's most successful space launch recently, now that reality is starting to take hold, only those that got a chance to buy right at the start might be still have their heads above water, feel sort of sad for the rest who got caught up in the hype, but anyone who actually looked at how any of Elon's previous brilliant product launches have faired over time and the true cash position rather than the paper value of the business empire is really travelling, they would have realised this money raising venture was needed to pay the loans that are coming due, and it hasn't even gone close to raising the capitol required to convince the banks the whole thing is a safe bet ..... T1 Terry
The thread topic is TESLA's Stock. So.... I'm not smart enough to know the ins and outs of money management - which is why I fix phones for a living - and let my company's management and brokerage firm deal with my 401k and pension. HOWEVER (comma!!!) My Spidey senses are informing me that $1000 gambled on Tesla's stock in the 2010s would be worth.......'something.' MAYBE even five or six figures worth of 'something.' The fact that TESLA is still afloat nearly 16 years after their IPO as a very new car manufacturer in a very new market speaks for itself. I will let the financial 'experts' in the forum prognosticate about SPCX. I DO know a little something about communications.....and that knowledge has led me to become a SPACE-X customer.
While I don't believe in individual stock investing...... please help me see the problem with a Tesla investment
Oh you know the answer. Turns on sooo many different variables. How cheap/expensive your electricity is, do you (like we) have 4 Refrigerators , + full size freezer, electric oven, stove, electric water heater, central AC, as well as charging multiple plugins? Do you live in an area with average long, bright/sunny/dry (yet coolish) days like high altitude cities Flagstaff Arizona & Prescott? or - little or none of those advantages. We have a heavy duty diesel truck and a plug-in because neither can do what the other does. Find what works
You should buy more! At this morning's price of $381/share its Price per Earnings ratio is only 344x earnings! That means you will only have to wait 344 years for that share to earn back it's cost...
reading comprehension is a wonderful gift to have....... ........I don't and never will invest in individual stocks..... TESLA STOCK PRICE PREDICTION 2026, 2027, 2028-2030 - Long Forecast Tesla Finds Its Footing as Q4 Earnings Ease Fears Around the Growth Story | Investing.com Repeat... I don't and never will invest in individual stocks......
We took a horrible beating on A123 Battery Tech well over a decade ago. Similarly - we took a serious depreciation beating on our model X & S . But the stock? Erased all those losses & left behind a really really nice chunk O change. Probably used up all our luck for this millennia
Mike I would be in your age group and understand your point of view, from a Return on Investment perspective or a purely financial view solar make no sense for someone in our group.... however ... from a personal statement or feel good perspective it does have some merit. I would like the feeling of being off grid and not dependent on the utility grid but......solar by any stretch of the imagination would never make financial sense for our family at this time.
Because it doesn't pay dividends! Well, at least that was the problem for at least one former investor here. I'm not understanding why such an investor bought it in the first place. Another good reason why potential investors should get their financial advice . . . somewhere other than social media.
...got it ...thanks ... I don't and never will invest in individual stocks......for me that's like going to Vegas, just not up my alley but for risk minded individuals I think Tesla has a place ..maybe.. i'm not in that group so i may be mistaken ..it seems buying Tesla stock is a bet on it increasing value here is what some professionals say: Will Tesla Ever Pay A Dividend? - Sure Dividend "Final Thoughts Tesla is one of the premier growth stocks in the stock market. Shareholders who had the foresight to buy Tesla in its early years have been rewarded with enormous returns through a soaring share price. However, investors looking for dividends and safety over the long run should probably continue to take a pass on Tesla stock. The company seems committed to using all the cash flow at its disposal to improve its operations’ profitability and invest in growth initiatives. While there is always a possibility that Tesla’s massive share price rally could regain steam, it is also possible that the stock could fall. Investors should remember that volatility can work both ways. More defensive investors, such as retirees, who are primarily concerned with protecting principal and dividend income, should instead focus on high-quality dividend growth stocks, such as the Dividend Aristocrats. It is unlikely that Tesla will ever pay a dividend, or at least not for many years."
I'm thinking dividends are income while stocks are an investment. Like others here, I've never EVER bought a single issue stock. A co-worker bought (he says) $1000 worth of SPCX at....what? 130-per? As I stated earlier, $1000 worth of Tesla bought in 2010 would "probably" out perform most other stocks - including those paying dividends. Just remember.......the early bird gets the worm, but it's often the SECOND mouse that gets the cheese. Investing in stocks is NOT gambling but as I understand it it is the purest form of peer-reviewed, data driven 'science.'
The totally off grid problems are house orientation, local and HOA approvals, amount of panels needed, backup capacity, and a way of charging from a vehicle ... all sized enough to get you totally off grid. Enough to save me $222 a month 3 years ago a quote was was $67k. My current house I'd never get HOA approval.because it would have to be on the front facing roof section.
You just have to pick the right single stock. Look at HON as an example. up 2170+% since I bought mine. And probably more since I bought it at a 15% discount from the lowest price at the beginning or end of the year. Probably had some company match to make it cheaper too. Late 1960s. Never sold, just rolled the dividends. Now it is in divestiture mode and I'll end up with about 6 individual stocks.
This is very true for some people. There are a lot of people that think this who didn’t actually run the numbers (I am not implying you are one of those). I am in MN, installed a 19kW system 10 years ago. Before considering any rebates or incentives, it worked out to prepaying 30 years worth of electricity for $0.125/kWh. Retail price at that time was $0.115/kWh. After the tax deduction, utility incentive and net metering, it brought my price to $0.015/kWh. Current retail cost is ~$0.16/kWh. Yes, everyone needs to run the numbers. But in terms of stability, finances, and the feeling of doing my best to leave a good future for the next generation, solar was an easy choice for my family.
