Why this Tesla was my Biggest Financial Mistake
Автокөліктер мен көлік құралдары
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Checking your rate is just a soft pull, so it won't affect your credit. Accepting your rate and submitting an application will result in a hard inquiry.
This Tesla Model X was easily my biggest mistake, I took a hard L on this one
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Only Rich Rebuilds could advertise a sponsorship using male prostitution as an example.
@nazcaplain
4 жыл бұрын
An ad agency would've charged the loan company tens of thousands of dollars for a much worse ad campaign. Rich basically gave it to them - and it was genius. This new gig economy sometimes is and isn't a good thing.
@raymondkennedy9549
4 жыл бұрын
Rich I subbed to your channel earlier this year and finally started watching your older videos (car guru) ...I have been laughing my ass off all day ...thanks ..who new side of your shit my dude
@snakeanthony11
4 жыл бұрын
Clearly you’ve never listened to cum town ad reads
@raven4k998
4 жыл бұрын
well that's cause he has a lot of experience using male prostitution so trust him when he says that
@TheRealXyzven
4 жыл бұрын
Hey, "Pimps don't cry", but male prostitutes need to invoice!
It's because of you standing up to Tesla that people can do more as far as service with the car they own..... It cost you alot but you done more than you know. Just my opinion though. Love all of your videos! Been here since the beginning of your channel
@LaurenMiddleton28
4 жыл бұрын
Once i bought a Porsche Cayenne and realized that you can have luxury and Performance its hard to go back.. I don't see many Tesla's in Switzerland.
@davidpalmer9780
4 жыл бұрын
...and his knowledge gained through the deconstruction and replacement process. It was riveting KZread viewing and contributed to the rise in his subscriber base. I likened Rich in the same way as Truman Burbank with everyone watching to see if he'd succeed in his quest to repair the P90D or get sucked into the money pit that is the repair of salvaged cars. I trust he feels better from his video catharsis.
@blockpartyvintage1568
4 жыл бұрын
@@davidpalmer9780 1000% agree
@bradhaines3142
4 жыл бұрын
@@SteveZ1 youtube pays trash, he probly made next to nothing
@georgevavoulis4758
2 жыл бұрын
The new Mercedes Benz EV the front doesn't open so you will need to go to dealership for EVERYTHING
Poor Cam, I remember helping my uncle renovate a building that he turned into a daycare center and I got paid handsomely, I also learned a lot about construction and turning a old looking building into a safe awesome looking building. This stuff is educational for kids, whoever did this hurt Cam of a great hands on learning experience.
@JoJo-op5xy
4 жыл бұрын
People suck!!!
Love you man, but you are missing one of the biggest gains. Not only did you give yourself a one of a kind education of tesla going through all that shit. You shared it with so many people who learned from you. People who don't have a youtube safety net that helps fund their fuckups. Even if you don't intend to even if things are going well, doing this every so often intentionally can be a beneficial experience. That being said, if you need a free pair of hands for a few days to help off set some costs let me know.
@3xbrizz
4 жыл бұрын
That build helped him blow up. He became a little famous. Was on joe rogans podcast. He's probably gotten new profitable business opportunities because of the exposure. And he knows that. It was literally the best investment of his life. Funny he is saying other wise
At least you learned a hole lot, so it's not a complete failure...
@Samcrac
4 жыл бұрын
You can always count on Rich to teach "a hole" lot of content in his videos
@Jason-gk6eb
4 жыл бұрын
Samcrac lmao
@Fremmy
4 жыл бұрын
@@Samcrac Yeah, just like you learned with the ford focus rs, knowledge is power.
@tstocker6926
4 жыл бұрын
Some lessons cost more than others , education is never free
@thebigpicture2032
4 жыл бұрын
Lessons learned so not as bad as throwing your money in a whole.
The honesty about this is real , that is why i sub + the sarcasm is top of the line !
The interaction with Scarlett had me laughing my ass off.
This is why I bought my model S 60 for 32k. Looks and runs like new, and no labor involved. Uncle rich's videos have scared me silly. I was going to build a EV from scratch for my channel. Not anymore! Great lesson in this video. And good job to everyone who brought this model x back to life. Absolutely incredible!
@Frost517
4 жыл бұрын
DIY Solar Power with Will Prowse you get a used fully loaded Bolt EV now for $18,000. lol Why rebuild anything when you can just buy.
@Maybe-So
4 жыл бұрын
Will, I converted a 1986 Mazda B2000 to DC EV. 8 grand for parts, not counting labor, and the batteries (at the time) lead acid - are WORTHLESS. Now if I want to get it going again, I’ve STILL got a 1986 Mazda with no heat, no AC, and I’ve got to get batteries and a BMS. Anyone want it? 9 inch netgain, Curtis controller (the one that whines at low current/slow speed) - I’m thinking of pulling the guts, putting it in a newer body... who am I kidding... - One thing I did learn (I live in South Carolina)... If you don’t have a 400 degree (F) heat source in front of and under the passenger cabin, AC isn’t a MUST, its merely a ‘nice to have, but I’m OK without it’. (I love your channel too, Will!)
“People Suck” that is correct Mr. Rebuilds.
@mgmgeorge3
4 жыл бұрын
@mike brink I am pretty sure it was Elon Musk
they reported you for child labor laws. WOW the internet is full of terrible people with too much power
@shreeded
4 жыл бұрын
I sense sarcasm.....
@opnavesea
4 жыл бұрын
lol i should clarify child labor is bad but saying rich was abusing child labor was ridiculous.
@leonkernan
4 жыл бұрын
I’m guessing that’s a COPPA joke
@trespire
4 жыл бұрын
How are the young generation expected to learn technical skills ? Technical schools have been shut down in many countries.
@-JonnyBoy-
4 жыл бұрын
Its why so many kids these days are fat lazy twats with zero respect for authority.
Yeah, that was a waste of time and money... But remember things could always be worse Rich, at least you`re not Samcrac.
@zerodos_02
4 жыл бұрын
Ain't that the truth. Can't believe the hell he signed up for with that Rover.
@theblackhundreds7124
4 жыл бұрын
"I bought a 1400 dollar Rover" "I found a blown gasket in the rover" "This rover was a huge mistake" "Can this $25 Gasket seal fix my Rover" That is an interesting story he tells in his titles.
@vatomalo68
4 жыл бұрын
And the rovie saga continues unnecessarily....
@zerodos_02
4 жыл бұрын
@@Stackali "he" did not. VTuned did.
@omotolaoyeniyi631
4 жыл бұрын
Lol
"Don't fall in love because everything is temporary even life itself...that got kinda dark" 😂
Rich, you are The Man for being honest and telling it like it is , with all it's good and bads
@supersonic41341
4 жыл бұрын
Nice profile pic
@3xbrizz
4 жыл бұрын
That tesla build is what made him a little famous. So did it really bankrupt him?
I have to agree with many here, the lessons you’ve learned here are invaluable not just in time and energy spent fixing this model x up but also the value of your experience here will be able to be passed on to others. It’s not a total loss and I’ll bet you can still recoup your money someday
On the positive side, there is one more tesla on the road because of this project. Plus you learned tons from this & gained aome subscribers! Your a legend, congrats on getting it running! Reminds me of triggers broom in the UK tv show only fools and horses...
@NinjaKhaos74
4 жыл бұрын
14 brushes and 6 handles
@bradhaines3142
4 жыл бұрын
tesla isnt that great. over complicated and proprietary
Think of it as paying for college except the money you spent was actually useful in learning what you were looking to accomplish... that aside, isn't it also technically a business expense for your channel?
I've worked on a house like this once. Gutted to skeleton and even had to replace some stringers. Would have been cheaper to bulldoze and drop a prefab.
@Lovin_NY93
4 жыл бұрын
But the Shell of the house was beautiful?
@RenLobo69
4 жыл бұрын
@@Lovin_NY93 nope not at all
@b4804514
4 жыл бұрын
Why is it renovation is so much more complicated. I did the same - saved a house that cost more than new construction. Learning curves are seriously underrated
@RenLobo69
4 жыл бұрын
@@b4804514 problem with it is most of the time it's dealing with a ton of badly done small renovations done over 100 years plus boards warp and houses shift. And don't get me started on frost heaves
That add was way to sneaky.
@FizzlNet
4 жыл бұрын
Sneaked subyly on me. I didn't even have the presence of mind to skip it!
@elinoamrichter162
4 жыл бұрын
*ad
@tiborklein5349
4 жыл бұрын
What ad? I didn't see nothing.
@ting280
4 жыл бұрын
Lmao that transition really was perfect tho
@KabzieMusic
4 жыл бұрын
@@tiborklein5349 lol
Just watching the sheer amount of work and $$ to rescue this makes me want to curl up into a fetal position.
Ironically, one of the first things I learned from Samcrac was “never ever ever buy a flooded car”
@mylesgray3470
4 жыл бұрын
Even if it’s free, walk away! Mold can devastate the body of a healthy person. I know first hand from a minor roof leak in my home.
@xabcyabc9230
3 жыл бұрын
Haha, certainly not a flooded Tesla. Looks nice, yes.
I'm sorry Rich 🙁 but the experience you gained is valuable and you gained viewers/fans too 😉 so it's a winnnn!
@mikejulius7581
4 жыл бұрын
Boom silver lining sir
@3xbrizz
4 жыл бұрын
He become famous basically. He was on joe rogans podcast and he knows that. That telsa build is what got him known and with that comes is more opportunities ... money!!! That telsa was the best investment of his life
@xabcyabc9230
3 жыл бұрын
Second hand Tesla's, boy, that is going to be a disappointment for a lot of people.
I admire your honesty Rich.
We feel your pain Rich. We'll buy you a beer at FCL ;) (Also, we know the feeling about getting emotionally involved with a project. We've done it waaaay too many times)
Knowing about the 'sunk cost fallacy' could have saved you a lot of money.
@MsAngrybutterfly
4 жыл бұрын
All people who work on cars know about the "Sunk Cost Fallacy" yet are usually incapable of acting to correct it until it is too late.
Elon Musk called He wants his car back
Hey Rich, I had a hard time reading the text in your thumbnail. A little larger next time would be helpful. CIAO!
@user-yg2up4lg3r
4 жыл бұрын
Wife beater
@Gclarkie21
4 жыл бұрын
Samcrac Barney?!?
@alieu5225
4 жыл бұрын
@
Emotional buying: I've made the same mistake wtih homes
Flood cars, stay away or more accurately run away. So many electric modules that corrode. They may be good today but tomorrow or the next day?
@genekelly8467
4 жыл бұрын
Agree-this car is a time bomb-Teslas as used cars make no sense, especially with damage. I predict that once there is a large number of these cars on the used market, their value will plunge-just too expensive and difficult to fix. I'd also be wary of allowing such a car at a public charging station-might be dangerous
That Scarjo bit haha
Thank you for your honesty and being realistic about fixing cars. Tesla's are no exception to rebuilding them and it would be too easy to say it was. Sorry you lost on this one. Love what you do and the @alls for doing it!
@tcmtech7515
4 жыл бұрын
Being realistic hurts the tesla fanboys feelz. I think they call it 'hate speech' if you do it with the intent to have them learn something real. :P
Keep going.. it's a bump in the road. I appreciate your attitude, good humour and perseverance. Thank you.
I love your channel, the honesty on how much it “could” cost vs making it seem like its a super cheep, no brainer deal. Keep up the great work!!
i had the same happen with a 1991 BMW E30. $3500 for the car... $7000 in repairs later i donated the POS after i melted the pistons. so $10k+ evaporated. the term we now use for these scenarios is "toxic asset." --- something that really can suck up all the money in the world and still be worth less than the sum of its parts.
@manz7860
4 жыл бұрын
Lol I mean it's a bmw
@baelm
4 жыл бұрын
all BMWs are toxic assets
@hardtailfails
4 жыл бұрын
Had the exact same car and problem I paid 3500 for it and when I added up everything It surpassed the cars value i cut my losses sold it for 2000 and lost 1500 but I know it was the right move
@hardtailfails
4 жыл бұрын
Also did it happen to be 318is?
@Maybe-So
4 жыл бұрын
Manz lol... Yeah, I hear ‘boats’ are like that too...
i'd recommend using the flood Tesla as an Electrified Garage work vehicle and use it as an example car of the extent of what you can do to fix a Tesla even if it is too far gone to make sense. think about it, it is one vehicle with an absolute insane amount of repairs and replacements.
Really sorry to hear your troubles, I appreciate your honesty UPS and downs in making a ev work and I hope your next one works out easier.
"Look up Louis Rossman" was my first thought too when I seen those circuit boards.
Great advice Rich. I think this also applies to the classic car resto world. Everyone thinks they’re gonna buy an old car. Paint & engine swap for 5k 😂. My motto is whatever you think your budget is DOUBLE IT!!!! Theres always unknown with a project vehicle.
do a raffle. $100 per ticket for the car. Sell 600 tickets. Lucky winner gets the car, you get your money back.
@OnionKnight541
4 жыл бұрын
this really is an ingenious solution. i hope he does that. he could do it on this channel.
@elijahherman
4 жыл бұрын
Pretty sure these are illegal bc gambling
@MrWhiteVzla
4 жыл бұрын
@@elijahherman Is a raffle considered gamble?
@hanstolboom2527
4 жыл бұрын
@@elijahherman 1 in 600 (or even 1 in 1000) chance to win is not a bad bet - way better than a the average state lottery. And for the legality - handover the car deed to an impartial notary ...
@keithmcdonnell4485
4 жыл бұрын
@@elijahherman the "carbon raffle" is raffling off several Tesla's... Where are raffles illegal?
This is a lesson that goes way beyond cars. I work on houses. It still amazes me that people think that fixing up a house always pays. "Well, look at how much work we did. Look how much we spent on the finest materials. How come we broke now? What happened?"
Always interesting, informative and entertaining. Merry Christmas Rich to you and your family from Australia.
The greatest ad Segway I’ve ever seen
@HolbrookStark
3 жыл бұрын
It's spelled segue. I don't care how you spell it, I'm only pointing this out because the real spelling is ridiculous and it amuses me. "Segue" lol
Honestly I think Uncle Rich should start talking about anything and I mean anything, he's very interesting and funny
@Texas240
4 жыл бұрын
Look up the episode where Rich was on the Joe Rogan show. It's hard to tell who's actually interviewing whom. Rich is a good, entertaining speaker.
That was well smooth transition into the sponsoring part. I laughed out loud 🤣 🤣 🤣
This is the first video of yours I have seen. Congrats on the transparency and honesty of the result and total cost (time and financial). Definitely had to suck with all the setbacks. You have my admiration.
A big man admits his mistakes, a smart man learns from his mistakes! Love your channel Rich.👍
CLR really helps with corrosion, next time you have a fuse box that is corroded you can soak it in CLR they sell that at Dollar Tree. I use it on motorcycles all the time it goes from corrosion to nice and Polish colored copper
@garrettstevensen2467
4 жыл бұрын
I had no idea. Really?
Thanks for the update. I was always wondering what happened.
Very nice video. Thanks for posting and have a nice day too.
Rich, in addition to your points, viewers need to also factor in the ‘cost’ of it being a salvage title still at the end of the day.
@Maybe-So
4 жыл бұрын
True, but salvage titles never scared me. Do the wheels line up? (Can you get an alignment?) - does it run well? Everything works? I’ve never been scared of a salvage title...
@IvanAkinfiev
4 жыл бұрын
Export.
It takes a brave man to admit that he was wrong. Respect.
Thanks for the honest and candid video.
". . . Just send the invoice to my email" 😂😂🤣
Come on, Rich - who does that "Child Labor" crap to you? We all know you didn't hold Cam at gunpoint...butter knifepoint maybe, but not gunpoint. Anyway, while it obviously hurts that this Tesla kicked you square in the biscuits, the lessons you learned will inform others - whether we purchase a salvage Tesla or regular car. Thank you, & MERRY CHRISTMAS!
@Helloooooo
4 жыл бұрын
chemxfan in islam there’s something called “evil eye”, basically it means be careful who you share good news with or show your possessions off too, because people can get jealous and envy you which is a bad thing, some people have the time and energy to make your life miserable.
The people that reported you for child labor laws are the worst people in this godamn world.
@gloriousstereo
4 жыл бұрын
Hehe dude he was kidding.
@sickbailey21
4 жыл бұрын
@@gloriousstereo no... he wasn't. He's mentioned it a few times now.
Good honest advice. Too often, people only show the upside and not the journey that has often downsides. Thanks.
I appreciate your candor. Thanks.
I would have very much liked the Louis Rossman collaboration. Judging from the two channels, I'd say Tesla and Apple are very much alike, Tesla is trying to avoid the right to repair as much as Apple is trying to stop it from happening to them.
@GaIvatr0n
4 жыл бұрын
I'd love for this collaboration also.. would make amazing content.
@bignate2814
4 жыл бұрын
Agreed, it's kind of surprising how similar they are. Also with Tesla's warranties starting to run out we may see more of the wear and tear problems that Teslas may have as opposed to rebuilds.
@Trades46
4 жыл бұрын
Probably the biggest reason I avoid Tesla. Repairing a car & modifying it should be a right. This is just anti-competition business practices which is designed to only benefit themselves.
@imchris5000
4 жыл бұрын
this mail louis the boards and see if he can figure them out if he does you got spare parts
@RichRebuilds
4 жыл бұрын
its still in the works
When Louis runs out of Mac to repair, fixing EV boards should be a logical next step for him. You never lose when you learn, Rich. The content is great which should garner you some bucks from KZread?
@LAG09
4 жыл бұрын
I don't think he'll ever run of out macs to repair. Even if people stop sending him ones he'll be dumpster diving for broken ones so he can fix them while winging about Apple. Whinging about Apple is literally what he's built his whole online persona around.
(hard) lesson learned .. thanks for sharing .. happy new year ;-)
Thanks for sharing; honesty works everytime
You spend $58,000 and then showed a for-sale Tesla Model X 90D for $60,000. Looks like you saved 2 grand to me! ;p
@Gytusfdgfdfdfixfgxif
4 жыл бұрын
Minus the non performance motor
@tiborklein5349
4 жыл бұрын
The 60 grand one has a clean title which means cheaper insurance and easier to sell.
@thejackalsmith7329
4 жыл бұрын
A salvage Title X will bring no where near 60K.
@khavaliar
4 жыл бұрын
Good luck selling that salvage non performance for that price. He'll take a major hit financially when selling that X
@themodfather9382
4 жыл бұрын
So wait, he's got 3 working cars now, and the beige flood S?
If you were a private citizen repairing this car then yes you lost money..., but you are RICH REBUILDS so that car is literally making money for you and driving people to your channel for comments and to check up....., its a win win for you actually but I inderstand you are coming at this from the common person perspective.
@miniwarrior7
4 жыл бұрын
Out comments don't make him 10s of thousands. Unfortunately
@SteveHodge
4 жыл бұрын
You're vastly overestimating what people make from KZread.
@RoyceTarantino
4 жыл бұрын
He doesn't earn that much. At a rate of an average of ~100,000 - ~200,000 views per video, and with an average of about ~500 comments, KZread's tax that they implement (taking away money from what you earn) means he earns a lot less than what you think he earns...
@roosterandguppy2373
4 жыл бұрын
@@RoyceTarantino and maybe you are underestimating what he gets from youtube, patreon and the sponsors that give him money and free stuff....., maybe.
@RoyceTarantino
4 жыл бұрын
@@roosterandguppy2373 He has family, business and house payments to fulfill too, yknow.
This is easy more useful than just another lucky success story on KZread. Much appreciated Rich.
Rich, You are awesome. Just wanted to say that. Thank you for documenting your experience...
Well... that was, depressing. Thanks uncle rich. ::awkward stare::
that spounser was really really smooth
such good and informative info sir!
Great video on lessons learned. Some cars are built well to last but are horrible to repair. Just watching all the work and the sophisticated parts scares me when my car goes out of warranty. It also raises the need for experienced technicians to make any repairs.
Louis rossman x rich rebuilds wow
"why this tesla was my biggest mistake and how i monetized the hell out of it"
You are an inspiration! kudos Rich, great work!
Wow! You're so honest and demonstrate that even a genius makes mistakes sometimes. However, you have to realise the inspiration you give others...and that's pure Gold.
In the long run, the lessons you learned here will keep you from future "L"'s.
Hey Rich , at least you have less financial mistakes than Sam Crac ...check out his Range Rover disaster 😂🤣😂
@MrQuidy
4 жыл бұрын
Range Rover was a good buy, he payed 1400 when parts are worth 3-4k alone.
@jean-mariemuga2819
4 жыл бұрын
@@MrQuidy How about the green Ferrari?😂😂
@firstnamesecondname5341
4 жыл бұрын
Range rovers can be a gold mine if the good money parts are in great condition, I got offered 3k in total through several buyers wanting different parts. for a; bonnet, rear tail gates, wheels, full doors, sunroof mechanism, air con controller and pump, original working H&M stereo and then the seats yet best offer for the complete running car was only 1,800 🤷🏻♂️
It reminds me, when I rebuilt a luxurious European coach, including its engine with aftermarket parts, after a year it began to disassemble itself. Thanks for the generosity share the experience.
Your honesty and transparency is refreshing. Please keep it up. Buying a salvaged car is one thing, buying flooded car is another, especially an electric car. Fyi cars float in only a couple feet of water, that's why that car was in the middle of the street. Good luck.
$75 for one minute of your time with your wife Rich? Really??? :)
@MFZero2
4 жыл бұрын
I'm a 30 second chump, so do I pay half?
Lmao!! That intro though!!
Sorry to hear rich! I am sure you will recover!
Love the honesty. Keep rebuilding!
I'm glad you and Louis Rossmann are hooked up: Two MONSTERS of the Right to Repair movement!
"Great honor goes to those that share their defeat." -me
Keep it up man still enjoying your videos
Thanks the the honest knowledge.
This was the first time I ever felt depressed after watching a Rich video 😭
A few more of these videos and you might get the price of salvage material to a reasonable level. ;-)
A good laugh and learned a lot. Thank you so much. 🤙🏻🤙🏻
Oh my god, you are brilliant. That ad Segway was so funny.
what about the youtube money? this car was alot of content
@Kaodusanya
4 жыл бұрын
He could have worked on an easier car and still made the same amount of content.
@demetriuscassidy3702
4 жыл бұрын
KZread pays shit until you have tens of millions of views per video.
Elon Called and wants you to do more Tesla rebuilds. You are are the driving force behind the used parts market rise.
Love your vids Rich!
Merry Christmas Richie!
Damn, that was a slick ad lead-in. Nicely done. Merry Xmas, everyone.
Rich going into uncharted waters so mistakes will bound to happen. But now you a lot wiser to the Tesla salvage game.
This has been one of your best videos. It feels real, it’s straight forward and you’re giving sound advice. Comment to try and make you some money
Hahaha that Scarlett Johansson bib was awesome! LMOL!!!
13:42 is the best and simplest explanation about what rebuilds are all about. Vehicles at IAA/Copart/etc have this BUILT INTO the final bid price, because almost everyone bidding does this professionally so they know what's up. Uncle Rich just makes doing it right look fun and easy. Pretty much the only way to "make money" is if you cut corners, which is why rebuilt cars have the reputation they have. Great video as always and thanks so much for powering through the project rather than burying it.
@manz7860
4 жыл бұрын
tESlAS aRe EAsy tO fIX, tHEy doNT haVE AS mANy pArtS aS aN ICe
@flyingsamosa5282
4 жыл бұрын
@@manz7860 The point of this video was Tesla parts are stupidly priced, nothing on how easy it is to work on Teslas. Teslas ARE easier to work on, they DO have fewer moving parts and a lot of components are maintenance free. But they just have a horrible replacement parts sector which causes all these inflated prices.
"if you get a car make sure it drives" Rich rebuilds
Thank you for being honest Rich. This is what I like, transparency , not BS like other rebuild channels. Nothing is free.
Rich I know how you feel with rebuilding a couple of cars over the years with putting in too much money and not being able to recoup what I put in. Keep these videos coming, love the details you share.