Musk, Tesla, and Virtue Signaling

If you’ve been paying attention to the news, we’re witnessing an Elon Musk-led psuedo-coup. I’m not exaggerating here, the new administration and Elon Musk are creating a number of constitutional crises and it’s very, very serious. Every single time I drive, I think about Musk and what he’s doing. Every time I read about Musk and what he’s doing, I think about selling my car to rid myself of my “swasticar” as I’ve heard it called.

So here’s the thing: I’ve been thinking about selling my car for a while for a few reasons. First, I want something with a bit more cargo space. Second, the paper cuts of Tesla ownership (cheap quality, no CarPlay) have worn on me over the last 3 years and I just am not super happy with it overall. Finally, Elon Musk appears to be a fascist. As you’d imagine, I don’t want to support that or be associated with him at all.

But, it’s complicated! My car is paid off & I do 95% of my charging at home. Trading a 3 year old car in for another used vehicle is a headache, and I’d only be doing it to “stick it” to Musk. My plan when I bought the car was to drive it for about 5 years and then upgrade to something newer, as EV tech is still moving quite fast. Selling it sooner means I absorbed the largest part of the valuation drop without amortizing it across a few additional years. It also complicates the environmental story – buying a new car that has a high environmental cost means I’ve undone some of the good of buying an EV and my old car will still be out there.

Musk already has my money and nothing can change that.

However, the counter argument is that a sizable chunk of folks who are looking at EVs will no longer consider Tesla, and a lot of people who were already thinking about getting rid of their car now will do so. Ditto for folks whose leases are running out. That glut of cars will depress the resale value of my car when I decide to get something new, and it makes me worry that it’ll tank faster than cars typically do in the 5 or so year range.

As it currently stands, I’m weighing 3 options:

  • Hang on to my car for a few years. Maybe I’ll get one of those bumper stickers to do my virtue signaling
  • Sell my car for whatever I can get for it, lease a car that checks a lot of boxes for me like the 2024 Honda Prologue and figure out what to do in a few years.
  • Sell my car for whatever I can get for it, and buy a similarly priced ~3 year old EV like an IONIQ 5 or ID.4 that has the space I’d like and without the Musk I don’t.

Stay tuned for the exciting conclusion!

Ok, now what?

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