Tesla price cuts

Tesla price cuts

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Discussion

soupdragon1

Original Poster:

3,964 posts

96 months

Friday 13th January 2023
quotequote all
Quite significant.

You can get into a Model Y for £45k now. Thats a big chuck of the previous £52k price

£53k MY LR
£60k MY Perf

M3 SR £43k
M3 LR £51k
M3 Perf £58k

Existing owners will be getting a residual hit, ouch. Those who bought on PCP or lease, no real drama I guess.

TheDrownedApe

1,016 posts

55 months

Friday 13th January 2023
quotequote all
Just checked my leasing provider and charging £1087 gross over 3 yrs - only 85% of total cost clap

However i shall be closely watching to see if it drops

datelessregistrations

191 posts

19 months

Friday 13th January 2023
quotequote all
https://www.carmagazine.co.uk/car-news/industry-ne...

Quite big news

The Model Y is now c£42k for the basic one.

LayZ

1,619 posts

241 months

Friday 13th January 2023
quotequote all
Not quite, base Y is £44,990

Silvanus

5,146 posts

22 months

Friday 13th January 2023
quotequote all
Quite bold in a market where everyone else are putting prices up, especially considering how well the Y is selling. Wonder what's at play.

phil4

1,203 posts

237 months

Friday 13th January 2023
quotequote all
This was easy to predict.

You only have to look back a few weeks, they were trying to shift as many cars as they could (which is normal), and were dropping prices, adding free supercharger miles, and yet there were still plenty in stock.

So much so they extended the offer over into this year. That says they have too much stock.

If demand is softening (lack of Ultrasound sensors doesn't help), they predictably dropped the price. Note the higher APR now (6.9%) means the monthly is about the same.

datelessregistrations

191 posts

19 months

Friday 13th January 2023
quotequote all
Will be interesting if other brands follow suit.

There are/were 170 2022 Taycans on Autotrader for sale with low mileages so supply seems to be increasing on Taycans and some new ones now in stock at main dealers.


Dave Hedgehog

14,541 posts

203 months

Friday 13th January 2023
quotequote all
Silvanus said:
Quite bold in a market where everyone else are putting prices up, especially considering how well the Y is selling. Wonder what's at play.
they have stock

Tesla's business model is based on chasing share price, to do this they need to hit increased targets every quater

they have often discounted stock cars near the end of the quater, I suspect this time they are accumulating a lot of cars and orders are down because of the economic down turn

soupdragon1

Original Poster:

3,964 posts

96 months

Friday 13th January 2023
quotequote all
Silvanus said:
Quite bold in a market where everyone else are putting prices up, especially considering how well the Y is selling. Wonder what's at play.
Yep. The VW ID 4 seems to have went from £37 grand to nearly £39 grand and thats with a small battery, low spec

page3

4,912 posts

250 months

Friday 13th January 2023
quotequote all
It’s not really a reduction, it just less of an increase than 12 months ago.

Tesla pricing is like Amazon pricing.

soupdragon1

Original Poster:

3,964 posts

96 months

Friday 13th January 2023
quotequote all
page3 said:
It’s not really a reduction, it just less of an increase than 12 months ago.

Tesla pricing is like Amazon pricing.
Its definitely a reduction. £55k for MY LR when it was released, so cheaper now.

MY SR cheapest price historically was £52k and now £45k

The model 3 was sub £40k 4 years ago but that was with £3.5k Govt grant so was still over £40k base price I think, so for M3, I guess you could say its not a reduction? Inflation adjusted though, it probably is.

TheRainMaker

6,302 posts

241 months

Friday 13th January 2023
quotequote all
Dave Hedgehog said:
they have stock

Tesla's business model is based on chasing share price, to do this they need to hit increased targets every quater

they have often discounted stock cars near the end of the quater, I suspect this time they are accumulating a lot of cars and orders are down because of the economic down turn
It will be interesting to see the registration figures for Jan, normally they don't register many cars, last year was 115.

page3

4,912 posts

250 months

Friday 13th January 2023
quotequote all
soupdragon1 said:
page3 said:
It’s not really a reduction, it just less of an increase than 12 months ago.

Tesla pricing is like Amazon pricing.
Its definitely a reduction. £55k for MY LR when it was released, so cheaper now.

MY SR cheapest price historically was £52k and now £45k

The model 3 was sub £40k 4 years ago but that was with £3.5k Govt grant so was still over £40k base price I think, so for M3, I guess you could say its not a reduction? Inflation adjusted though, it probably is.
My performance SR+ was £41K end of 2021.

FeelingLucky

1,082 posts

163 months

Friday 13th January 2023
quotequote all
page3 said:
soupdragon1 said:
page3 said:
It’s not really a reduction, it just less of an increase than 12 months ago.

Tesla pricing is like Amazon pricing.
Its definitely a reduction. £55k for MY LR when it was released, so cheaper now.

MY SR cheapest price historically was £52k and now £45k

The model 3 was sub £40k 4 years ago but that was with £3.5k Govt grant so was still over £40k base price I think, so for M3, I guess you could say its not a reduction? Inflation adjusted though, it probably is.
My performance SR+ was £41K end of 2021.
performance SR+ ?
was that a bespoke model made just for you?

Steve57

2,159 posts

241 months

Friday 13th January 2023
quotequote all
soupdragon1 said:
Its definitely a reduction. £55k for MY LR when it was released, so cheaper now.

MY SR cheapest price historically was £52k and now £45k

The model 3 was sub £40k 4 years ago but that was with £3.5k Govt grant so was still over £40k base price I think, so for M3, I guess you could say its not a reduction? Inflation adjusted though, it probably is.
yep im certain my M3 SR was 40990, sept 20.

hiccy18

2,624 posts

66 months

Friday 13th January 2023
quotequote all
They're going to have to trim their used prices stock, starting point for a 3 is over 70% of the cost of new, which seems high for a 4 year old car with 1 year warranty

DodgyGeezer

40,152 posts

189 months

Friday 13th January 2023
quotequote all
I'd imagine that this could well screw a lot of second-hand car dealers (eg Saxtons) when their used stock is not really much cheaper than a brand new car. Could this also be a factor in the UK?

greggy50

6,161 posts

190 months

Friday 13th January 2023
quotequote all
This company is a joke, imagine if you purchased one last month and instantly lost £8k overnight.

This will alienate a lot of existing customers I would suggest who are going to be hit financially by this all to try and sell a few more cars to try and keep the share price up which has already tanked another 5% today.

ChocolateFrog

24,850 posts

172 months

Friday 13th January 2023
quotequote all
greggy50 said:
This company is a joke, imagine if you purchased one last month and instantly lost £8k overnight.

This will alienate a lot of existing customers I would suggest who are going to be hit financially by this all to try and sell a few more cars to try and keep the share price up which has already tanked another 5% today.
You think Musk cares?

somouk

1,425 posts

197 months

Friday 13th January 2023
quotequote all
My lease is still cheaper from before xmas than the lease deals at the moment. I wonder if there will be a day or two to adjust their prices down.