https://electrek.co/2018/04/02/tesla-solar-roof-customer-installation-working/ This might lift the price...
How many years for these things to pay for themselves? If my electric bill is $200 a month (let's say $2500 per year) and I'm paying 50K (after gov't rebates) that's 25 years to recoup cost for the install. I assume it would be less because you are selling to the grid also? But how much is that netting you? While interesting, the math needs to be a little faster in terms of making $$$ before I see something like this really taking off. Everything I've seen has always been a multi decade payoff and a huge cash outlay up front. The whole thing seems risky, especially if Tesla and their 30 year warranty go the way of many of the other solar companies.
SCTY was called a mortgage company because of the long run of the pay off. But that is irrelevant, the effect on the stock price is what matters. Any good news, 10 bucks extra... Edit: TSLA is up 12 bucks after the open...
If they survive and start selling a meaningful amount of cars, wait till the UAW shows up and the real fun starts.
So this is an absurd line of reasoning that has to be infuriating for the Tesla folks. I own a European luxury car. It costs many times what a Kia that can carry the same number of people at the same speed and relatively the same safety. And the Kia get's much better gas mileage. No one, but no one, is idiotic enough to ask me why I bought the much more expensive car when the Kia could do the same thing for much less, and what's the payback time on that thing anyway? People buy a car they want for a variety of monetary and non-monetary reasons. The kind of person who buys a Tesla isn't the same kind of person who buys a Kia, they're not applying the same Walmart shopper mentality, and the very last thing they give a flying fjuck about is "how many years for this thing to pay for itself"!
He's talking roofs though. Everyone accepts a car is a depreciating asset, much like a roof, but we generally tend to get that back from equity once house is sold.
Not following? Tesla's selling luxury car with high performance (of the gearhead 0-60 variety). Some people pay hundreds of thousands for that in a car, many people pay a whole lot for it, and none of them ever, ever talk about a ''payback period" or getting back their equity, or depreciation, in that segement of cars. Tesla is bought based on a similar decision matrix by a similar demographic as those buying a BMW or Mercedes, not a Kia Soul or a roof!
Maybe we've got some confusion here? He was discussing the solar panel branch of Tesla which they salvaged when acquiring solar City. Hence the discussion of installation costs, payback period, etc