Dear Elon, Dear Dave
What IS the time value of money?
Dear Elon,
Last week my mother informed me she was going to buy a Tesla.
Tesla’s are great, and over time have improved (range, battery life, etc.) way to go, Team Tesla.
My concern? Her plan to trade in a perfectly good and completely paid for sub-100K miles on the odometer SUV that averages 30 mpg for this purchase, and finance the remainder of it’s pri…
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