Financial Suicide To Buy Any EV Other Than Tesla? Dogecoin Millionaire Says 'One Might Argue The Exact Opposite'

Quick Summary:

Glauber Contessoto, a well-known Dogecoin (CRYPTO: DOGE) investor, questioned the financial wisdom behind owning Tesla Inc.(NASDAQ:TSLA) electric vehicles, sparking a debate on the value of its early adoption.

What Happened: Contessoto, popularly known as SlumDOGE Millionaire, took to X Wednesday to point out the drastic drop in prices of EVs manufactured by the tech giant, particularly the Model Plaid X and Model Y.

His comments came in reaction to X user Teslaconomics, who called buying any vehicle other than a Tesla “financial suicide.”  Financial suicide?

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Article Details

Author / Journalist: Aniket Verma

Category: Technology

Markets: United States

Topics: Dogecoin Benzinga US88160R1014 $DOGE Tesla SlumDOGE Millionaire Tech Cryptocurrency Model Plaid X and Model Y Elon Musk News TSLA Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 11:30:25 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21574140

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