Monday, February 25, 2013

The bubble is back

In an interview with Bloomberg News, Elon Musk says that "there were probably a few hundred" cancelled orders for the Tesla: Musk: NYT Likely Cost Tesla Hundreds of Orders .

I guess I'm an old fogie, but in my mind, a $101,000 car is an extreme luxury item, not a common-place purchase.

And, yet, the factory is supposedly running 21 hours a day, producing something like 100 cars a day.

Am I insane? Who are all these people who have $100,000 to spend on a new car?

I mean, the sales tax alone is almost what I could afford to spend on a new car.

What sort of annual income do you have to have to be able to afford such a vehicle?

No comments:

Post a Comment