Tesla Model Y

Author
Discussion

PushedDover

5,711 posts

55 months

Sunday 15th January 2023
quotequote all
Fusion777 said:
I don’t think there’s much hope for EV residuals or new prices staying strong over the next several years. Competition and economies of scale are all increasing vastly.

It won’t be that long before they’re at parity with ICE, and I dare say they’ll then become the cheaper and dominant option.
Curious how you believe this.

Have ICE cars gotten cheaper ever based on your synopsis?

Fusion777

2,270 posts

50 months

Sunday 15th January 2023
quotequote all
PushedDover said:
Curious how you believe this.

Have ICE cars gotten cheaper ever based on your synopsis?
They did actually, if you look at the early years of the motor industry. Happens in pretty much all fields of technology.

Heres Johnny

7,264 posts

126 months

Sunday 15th January 2023
quotequote all
PushedDover said:
Fusion777 said:
I don’t think there’s much hope for EV residuals or new prices staying strong over the next several years. Competition and economies of scale are all increasing vastly.

It won’t be that long before they’re at parity with ICE, and I dare say they’ll then become the cheaper and dominant option.
Curious how you believe this.

Have ICE cars gotten cheaper ever based on your synopsis?
I think there’s a fair argument this is true. EVs are at a premium compared to their ICE equivalent yet everyone says they’re easier to make, implied design etc. Tesla we’re making something like 30% gross margin, if that was typical on BEVs as a whole then as competition warms up they’ll all take a 20% haircut before routine depreciation also plays a factor. Tesla have signalled the first wave of cuts.

Fusion777

2,270 posts

50 months

Sunday 15th January 2023
quotequote all
It doesn't necessarily mean that existing models will take cuts, although that could be a possibility. It's more that new, cheaper models will come to market. Could be a "Model 2", BYD, MG, Dacia, Ford, Skoda, something else, who knows?

98elise

26,954 posts

163 months

Sunday 15th January 2023
quotequote all
Heres Johnny said:
PushedDover said:
Fusion777 said:
I don’t think there’s much hope for EV residuals or new prices staying strong over the next several years. Competition and economies of scale are all increasing vastly.

It won’t be that long before they’re at parity with ICE, and I dare say they’ll then become the cheaper and dominant option.
Curious how you believe this.

Have ICE cars gotten cheaper ever based on your synopsis?
I think there’s a fair argument this is true. EVs are at a premium compared to their ICE equivalent yet everyone says they’re easier to make, implied design etc. Tesla we’re making something like 30% gross margin, if that was typical on BEVs as a whole then as competition warms up they’ll all take a 20% haircut before routine depreciation also plays a factor. Tesla have signalled the first wave of cuts.
They are simpler by design, but the battery is still a very expensive component. While the batteries remain expensive second hand values will be high because cheap cars will get broken for parts. Then there are motors + all the associated electronics, those parts are not affected as much by mileage and age vs mechanical parts.

DodgyGeezer

40,861 posts

192 months

Sunday 15th January 2023
quotequote all
interestingly I believe that MG have just put their prices up

PushedDover

5,711 posts

55 months

Sunday 15th January 2023
quotequote all
Heres Johnny said:
PushedDover said:
Fusion777 said:
I don’t think there’s much hope for EV residuals or new prices staying strong over the next several years. Competition and economies of scale are all increasing vastly.

It won’t be that long before they’re at parity with ICE, and I dare say they’ll then become the cheaper and dominant option.
Curious how you believe this.

Have ICE cars gotten cheaper ever based on your synopsis?
I think there’s a fair argument this is true. EVs are at a premium compared to their ICE equivalent yet everyone says they’re easier to make, implied design etc. Tesla we’re making something like 30% gross margin, if that was typical on BEVs as a whole then as competition warms up they’ll all take a 20% haircut before routine depreciation also plays a factor. Tesla have signalled the first wave of cuts.
You don’t think this is Tesla simply spicing the market up, keeping momentum, whilst some journos and ‘media’ are enjoying being ‘controversial’ and / or click baity to stand out and say EVs make no sense currently against electricity prices (largely to the thick and ill informed) - moving the Tesla price, moves the ‘man maths’ as seen in the above calculations.
Of course Tesla win versus other manufacturers with a little kudos in being the tour de force in BEV, and shame the others that are hampered by ICE legacy cost to try and keep up.

dvshannow

1,582 posts

138 months

Sunday 15th January 2023
quotequote all
Think model Y is quite good value the amount of tech it offers - the price cut is quite surprising to me especially how much they cut it by .

Do they have the production to keep up with supply.
Is demand that bad. Or
do they just want to disrupt the market?

Heres Johnny

7,264 posts

126 months

Monday 16th January 2023
quotequote all
dvshannow said:
Think model Y is quite good value the amount of tech it offers - the price cut is quite surprising to me especially how much they cut it by .

Do they have the production to keep up with supply.
Is demand that bad. Or
do they just want to disrupt the market?
They make millions of cars, many times more than the others, and last year saw them munch through their order book backlog which hasn't been replenished to the same extent. In effect they have been in an over supply situation for probably 9 months.

The price cuts weren't really done in the last few days, for over a month they've been offering near identcal discounts on inventory, they've just formalised it into the list price.

Used prices of Tesla has been falling fairly rapidly for months, our MY has dropped £10k snce October.


coetzeeh

2,664 posts

238 months

Monday 16th January 2023
quotequote all
PushedDover said:
You don’t think this is Tesla simply spicing the market up, keeping momentum, whilst some journos and ‘media’ are enjoying being ‘controversial’ and / or click baity to stand out and say EVs make no sense currently against electricity prices (largely to the thick and ill informed) - moving the Tesla price, moves the ‘man maths’ as seen in the above calculations.
Of course Tesla win versus other manufacturers with a little kudos in being the tour de force in BEV, and shame the others that are hampered by ICE legacy cost to try and keep up.
BYD sold twice as many BEV in China vs Tesla during 2022 - hence the aggressive price cuts there.

skwdenyer

16,777 posts

242 months

Monday 16th January 2023
quotequote all
coetzeeh said:
BYD sold twice as many BEV in China vs Tesla during 2022 - hence the aggressive price cuts there.
BYD sold 600k BEV in 21, 1.8m in 22. Tesla sold 430k in 22 (up 38% YoY).

BYD are in a different league over there. But then they weren’t a startup. With more models, suspect Tesla could capitalise on the assessable market there, but the model pipeline seems uncertain.

Walshenham

171 posts

170 months

Saturday 4th February 2023
quotequote all
Handing in my pistonheads card in advance, but I just test drove the performance version, and decided that it was amusing but superfluous.

Rwd model, even in the colour I want with upgraded wheels, is £450 net on my company’s salsac scheme. 24 months 10k miles.

It’s a bit of a no brainer for my use, I’m work from home.

somouk

1,425 posts

200 months

Sunday 5th February 2023
quotequote all
Walshenham said:
Handing in my pistonheads card in advance, but I just test drove the performance version, and decided that it was amusing but superfluous.

Rwd model, even in the colour I want with upgraded wheels, is £450 net on my company’s salsac scheme. 24 months 10k miles.

It’s a bit of a no brainer for my use, I’m work from home.
I got the RWD version and it's a great car. Quick enough for most things, I live in a small town with A and B roads all around and it's not fell off the road yet despite not having 4WD.

timbals

64 posts

110 months

Friday 10th February 2023
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What needs faster than 6.6 0-60mph car? (Coming from a previous Aston Martin owner)

DodgyGeezer

40,861 posts

192 months

Friday 10th February 2023
quotequote all
timbals said:
What needs faster than 6.6 0-60mph car? (Coming from a previous Aston Martin owner)
Need? Probably not. Want on the other hand...

Zcd1

455 posts

57 months

Sunday 12th February 2023
quotequote all
Had a rental ‘23 Model Y LR for a week.

Impressive solidity, isolation and refinement.

Ride is on the firm side, but not uncomfortable, and the tradeoff is that the handling is excellent and secure - far better in that respect than most competitive vehicles, be they ICE or EV.

I’d prefer a slightly slower steering ratio, but adapted easily enough.

Overall it represents an outstanding value proposition, IMO.

Durzel

12,322 posts

170 months

Sunday 12th February 2023
quotequote all
Refinement? Seriously?

I've got a Model 3 but I would not describe it as refined, and I even have the "premium" interior. Perhaps you ought to sample some of the German marques at a similar price point.

Can't argue with the value proposition though, and there's a lot to like about it that you still don't get with legacy automakers.

Pooh

3,692 posts

255 months

Sunday 12th February 2023
quotequote all
My model Y seems very refined to me and I am extremely happy with it. I know Tesla has taken steps to improve refinement so maybe the newer cars are better.

kurokawa

590 posts

110 months

Monday 13th February 2023
quotequote all
Durzel said:
Refinement? Seriously?

I've got a Model 3 but I would not describe it as refined, and I even have the "premium" interior. Perhaps you ought to sample some of the German marques at a similar price point.

Can't argue with the value proposition though, and there's a lot to like about it that you still don't get with legacy automakers.
My model 3 is more satisfying than most of my BMW, especially BMW since F series, but BMW like Mercedes and Audi I think there is a huge different between high spec and poor spec. My model 3 sit between them, better than my lease 430i Sport poverty spec, but below my 335d GT M Sport

somouk

1,425 posts

200 months

Monday 13th February 2023
quotequote all
Durzel said:
Refinement? Seriously?

I've got a Model 3 but I would not describe it as refined, and I even have the "premium" interior. Perhaps you ought to sample some of the German marques at a similar price point.

Can't argue with the value proposition though, and there's a lot to like about it that you still don't get with legacy automakers.
My China built Model Y is really quiet inside, quieter than my Audi A6 was.