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Joined 1 year ago
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Cake day: June 22nd, 2023

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  • I object to the British label.

    Prakash Hinduja is Indian born Swiss. His brother S.P Hinduja was Indian born British and the billionaire head on the Hinduja company until his death last year. The company itself is Indian, so the British connection died last year and was somebody not involved in the case. This was a Swiss trial of a swiss family.

    Plus… Let’s face it. People with this level of money choose their nationality based on financial or business reasons. Wherever gives them the best tax break.








  • I don’t particularly think they are going low. However:

    • Tesla has been artificially holding resale prices high for a long time. They could only do this when there was very little competition in the second hand market.
    • The initial price for EVe is too high. All the manufacturers are trying to recoup R&D costs on one or two models. The cars aren’t worth the initial price and the second hand market corrects for this.
    • We’ve been through a period of scarcity due to the supply chain getting screwed during CoVid, so demand couldn’t keep up with supply. Supply is far bigger now. Shortages are largely over and there are far more brands in the market.

    What I’m saying is that it isn’t the second hand price being low. It’s that it used to be high for various reasons and the market is correcting. Cue people getting caught out because they didn’t see it coming, and getting vocal about it.