Tesla dropped price again?

Tesla dropped price again?

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Chipper

Original Poster:

1,358 posts

223 months

Monday 6th March 2023
quotequote all
I’ve just been on the Tesla website. They have dropped the price of the Model 3 SR by a further £2500 so you can now buy one for £40440. My brother in law was going to buy a used 20 plate for £26500 but is now switching for a new vehicle. What gets me is I recently went to service my Renault and they had their new Megane EV in the showroom for £40000. The Megane has nowhere near the options which are included in the Model 3 , performance or tech let alone access to the supercharger network. The Megane EV would need to be sold for maximum £35000 but realistically £33000 imo to compete. I have a feeling Renault ( and most other legacy manufacturers ) are well and truly stuffed.

fridaypassion

9,310 posts

234 months

Monday 6th March 2023
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The continual price drops would indicate that it's Tesla that are stuffed.

The Rotrex Kid

31,409 posts

166 months

Monday 6th March 2023
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Still showing as £42,990 for me?

Heartworm

1,932 posts

167 months

Monday 6th March 2023
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fridaypassion said:
The continual price drops would indicate that it's Tesla that are stuffed.
And current owners,

You would think at that value they would drop it the extra few £400 so as to drop them initial tax rate (it are electric cars exempt from individual luxury car tax rate?)


The Rotrex Kid said:
Still showing as £42,990 for me?
Just checked the website, same for me.

SWoll

19,157 posts

264 months

Monday 6th March 2023
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Heartworm said:
The Rotrex Kid said:
Still showing as £42,990 for me?
Just checked the website, same for me.
yes


Evanivitch

21,861 posts

128 months

Monday 6th March 2023
quotequote all
You have to look at New Inventory cars. These are either on the boat or already in country. Model 3 £40,470. Model Y £44,320.

Chipper

Original Poster:

1,358 posts

223 months

Monday 6th March 2023
quotequote all
Evanivitch said:
You have to look at New Inventory cars. These are either on the boat or already in country. Model 3 £40,470. Model Y £44,320.
Yep. If you look into their manufacturing costs they are in a very strong position to keep reducing prices.

oop north

1,609 posts

134 months

Monday 6th March 2023
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Evanivitch said:
You have to look at New Inventory cars. These are either on the boat or already in country. Model 3 £40,470. Model Y £44,320.
I noticed over the weekend that there are several long range model Y (not looked at any other models) at £3k off list price in new inventory

SWoll

19,157 posts

264 months

Monday 6th March 2023
quotequote all
Evanivitch said:
You have to look at New Inventory cars. These are either on the boat or already in country. Model 3 £40,470. Model Y £44,320.
That's not a price drop, that's them looking to shift a limited number of unsold cars in their network. If they've got a car in stock with the spec you want great, if not then you're paying the list price still?

Evanivitch

21,861 posts

128 months

Monday 6th March 2023
quotequote all
SWoll said:
Evanivitch said:
You have to look at New Inventory cars. These are either on the boat or already in country. Model 3 £40,470. Model Y £44,320.
That's not a price drop, that's them looking to shift a limited number of unsold cars in their network. If they've got a car in stock with the spec you want great, if not then you're paying the list price still?
Probably, but what spec variations are you looking for in a Tesla?

The Rotrex Kid

31,409 posts

166 months

Monday 6th March 2023
quotequote all
Evanivitch said:
SWoll said:
Evanivitch said:
You have to look at New Inventory cars. These are either on the boat or already in country. Model 3 £40,470. Model Y £44,320.
That's not a price drop, that's them looking to shift a limited number of unsold cars in their network. If they've got a car in stock with the spec you want great, if not then you're paying the list price still?
Probably, but what spec variations are you looking for in a Tesla?
Agreed. I would think most M3 are sold in standard spec with a colour variation.

Call it a discount, call it moving unsold stock, £2500 off is still £2500 off!

The Rotrex Kid

31,409 posts

166 months

Monday 6th March 2023
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I have to say, at £4000 advance and £457pm it is a compelling PCH offer for sure.

SWoll

19,157 posts

264 months

Monday 6th March 2023
quotequote all
The Rotrex Kid said:
Agreed. I would think most M3 are sold in standard spec with a colour variation.

Call it a discount, call it moving unsold stock, £2500 off is still £2500 off!
The thread is titled "Tesla dropped price again", I'm pointing out that isn't an accurate statement as there is a limited number of cars available with a limited number of options.

Want a red RWD with standard 18" wheels?
Or a grey RWD with white interior?
Or a blue RWD with white interior and standard wheels?

Most M3's are sold via lease companies for the company car/salary sacrifice market, private buyers of £40k+ cars have a habit of being a bit more picky with spec usually.

Evanivitch said:
Probably, but what spec variations are you looking for in a Tesla?
How is it "probably"?

Evanivitch

21,861 posts

128 months

Monday 6th March 2023
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I've found the Red RWD on 18" with nearly £1000 off...

Kudos

2,672 posts

180 months

Monday 6th March 2023
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It would appear that if you're putting these discounted inventory via a business it's via PCP or cash only. No business contract hire option (spec a new one, click Business - there are 4 options as opposed to only 3 options under Inventory), compared to the Inventory. Does this mean can't claim VAT back on the Inventory stock? So no cheaper by my quick view, or am I missing something?

soupdragon1

4,494 posts

103 months

Monday 6th March 2023
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fridaypassion said:
The continual price drops would indicate that it's Tesla that are stuffed.
Its not a good look is it? At the end of every quarter, you get discounted cars and this pattern is now forming. Might even see free supercharger miles thrown in by the time the end of March comes.

Don't train your customers to wait for offers as they won't sell very well when they are full price. Just ask Jaffa cakes for the same learning smile

Evanivitch

21,861 posts

128 months

Monday 6th March 2023
quotequote all
SWoll said:
How is it "probably"?
Am I supposed to know Tesla's motivation?

Chipper

Original Poster:

1,358 posts

223 months

Monday 6th March 2023
quotequote all
If it’s true that Tesla have been able to reduce the manufacturing costs by 30% on the model 3 since its been launched and they are now saying they have the ability to reduce manufacturing costs by 50% on the new generation platform then imo they will bring the model 3 and Y down further.

So if the new Model 2 is retailed for £25000 to £29000 i would guess they would have a SR model 3 for eventually £36000/£38000.

This is purely based on if they genuinely can reduce manufacturing costs but from all accounts Ford are not making profit now on the Mach E since they have had to price reduce to match the Model Y.

What ever way you look at it the model 3 for £40000 really does look like good value.


coetzeeh

2,719 posts

242 months

Monday 6th March 2023
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fridaypassion said:
The continual price drops would indicate that it's Tesla that are stuffed.
This. Aside from the US, Tesla sales are in the doldrums despite price reductions earlier this quarter.

LordFlathead

9,643 posts

264 months

Monday 6th March 2023
quotequote all
coetzeeh said:
fridaypassion said:
The continual price drops would indicate that it's Tesla that are stuffed.
This. Aside from the US, Tesla sales are in the doldrums despite price reductions earlier this quarter.
His margins are huge and he can undercut the entire market as no other OEM can produce EV's as cheaply as Tesla.