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Money Guy Show

I Upgraded My Tesla - Was It Worth It?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 27 December 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

Brian recently upgraded from a Tesla Model Y Performance to a Model X Plaid - so was it worth the purchase? Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Big News, updated my Tesla.

0:02.8

Was it worth it? Brian I am so excited about this because for me personally as a consumer I do not yet

0:16.7

own a Tesla but you I would say you're somewhat of a Tesla veteran and so I'm curious as

0:21.9

I'm thinking about doing it is it going to be the

0:25.0

right decision for me yeah I'm for a guy who drives cars for 10 and 12 years I have

0:29.8

been kind of a Tesla flipper yep and the fact that I've owned a Tesla 3, model 3 got that in 2018,

0:36.1

then I got the model wah performance, and now I'm happy to say I got a Tesla X Plaad which is pretty cool.

0:44.0

And for those you don't know, that's the bigger SUV, right?

0:46.3

Like that's one of the nicer Tesla models out there.

0:49.2

And it was a little bit hard for you to make that adjustment, right?

0:51.0

Like you were like, I don't know if I really want to do the

0:52.9

top-end model and yet you've done it now and so you've got some thoughts on

0:56.1

whether it made sense or not now I do think it's important that I disclose

0:59.3

because this is more just giving you some some thoughts on what it's like to be a Tesla owner but then also do I think

1:05.3

it was worth it but I want to disclose it I also think it's so interesting I don't own a lot of

1:09.7

individual shares I'm an index investor but after I bought my Tesla in 2018 I did go buy some

1:16.6

individual shares of Tesla and that's been its own exciting journey but I really I

1:21.6

kind of want to jump into because I think a lot of you

1:24.2

might be curious what is it like what the pros the cons because I am an accountant

1:29.1

let's give you the pluses and negatives of actually owning one of these unique vehicles.

1:33.6

Okay, Brian, so let's talk about the pros.

1:35.2

One of the very first things, and this is what all Tesla owners have said to me, is the speed.

...

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