I used to get this, along with some other anxiety stuff. A low dose of prozac taken 2x per week totally eliminated it (anecdata i know, but i thought it was interesting).
I've been told by some well-placed people (pooh pooh me if you want, I don't care), that a number of PE shops and hedge funds were able to get some pretty big loans to the top of the pile. Many, many, many businesses are in your situation. A very large percentage of the money went places you and I probably wouldn't think it "should" go. The program isn't working.
Seems like maybe the company who leased you the car might be willing to do a deal to get you to keep the car a bit longer. It's not like they'll be able to sell it quickly.
Not sure I agree with the bit about Linux + Raspberry Pi not being able to handle precision timing down to the microsecond level. I'd be interested if anyone has thoughts.
What about the emissions involved in mining lithium, making the batteries, dealing with the batteries once they're exhausted, and in generating the electricity. Also, what about the emissions involved in building and maintaining the road infrastructure?
You think it's more of a game changer than the $8500 used Nissan Leaf I bought (which, before you start, is perfect for me because I use it around town, and yes it works fine for 95+% of my car trips, including 100% of my commuting miles)?
I'll tell you something. I'm sure enjoying having that extra $60k in my bank account that I saved by not buying a horribly overpriced depreciating asset.
Except that's not how public policy works. It's not like Tesla just happened to luck into these policies. They actively lobbied for them. There's a significant amount of "greenwashing" involved there. I think it's instructive to realize that both of Musk's companies have, as critical elements of their success, government policies which favored them at just the right time.
I have nothing against Tesla as a luxury car brand. I do get tired of fanboys suggesting they'll take over the entire industry. Normal people can't afford a $60k Model 3 (and that's what they actually cost). Other companies will do fine in the electric space. I'm quite happy with my used Nissan Leaf. Price? $8500. Let's see Tesla beat that.
Tesla's 10-K shows an accumulated shareholder deficit of $6B. That's over and above money spent to buy factories which are still operating. That's $6k a car at 1M cars sold. Add to that the $7500 rebate the US was providing until recently. That's $13.5k, on average, they lost per car they sold through the end of 2019.
Saying nothing about Tesla cars versus other companies, that's a huge financial advantage against other car companies. This is particularly true given that most of those car sales happened post-Q1-2018, when Tesla had already established a strong brand.
I'm not sure any established player could, at that point, compete with a company that gets to lose $13.5k per car they sell. That would be like if Nissan started building base-model Sentras and selling them for $4500. Yes, they would sell a lot of them.
As markets normalize and Tesla has to compete on a level playing field, my guess is their product is viewed more and more as what it is: a luxury car. Nothing wrong with that, but it's hard to see them owning more than a few percent of the market, especially considering established companies have gone all in on electric at this point.
And, nothing can justify a price-sales multiplier of 20 for the company. Nothing.
Obviously I was talking about the situation where one doesn't want to sell all property in CA and wants to be able to return to CA from time to time, maybe for months at a time.
Anyway, our current thinking is to establish residence in Nevada (probably in Tahoe) and then go to Europe from there. Thanks for the downvotes.
An interesting thing we learned is that if we move out of the country for, say, 3 years, unless we set up our lives so we have no intention of remaining California residents, the state will continue to pursue us for income taxes even while overseas. Federal law has a different system which makes more sense -- a tax exemption while overseas.
Given that we expect to spend a substantial amount of time overseas in the future for personal reasons, I'm thinking we may need to move to a zero tax state in the US first, just to get out from under the sway of California.
I'm curious if anyone else on HN has experience with this.
Telling people to increase their indebtedness to buy index funds right now is pretty dubious advice.