Tesla price cuts
Discussion
FeelingLucky said:
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.Tesla pricing is like Amazon pricing.
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.
was that a bespoke model made just for you?
Tesla's global backlog declined from 500k in July to 130k early December.
In China BYD overtook Tesla in terms of sales volume - and in 2022 sold twice as many BEV than Tesla. Cars were piling up.
The Shanghai plant reduced production early December and shut down completely on Dec 24th to Jan 3rd - a first for Tesla.
This site will operate at reduced capacity from Jan 4th to 19th and then shut again to month end given the Chinese new year holidays.
In USA a new enhanced $7,500 Tax incentive became effective 01 Jan however most Tesla models were above the qualifying price points so the price reductions in the US was to ensure most models now qualify - bear in mind the Texas facility is ramping up and in the face of declining demand Tesla had to respond.
Interesting stats published by "Troy Teslike" on twitter - the demand issue raised in back September already and tracked on a weekly basis.
In China BYD overtook Tesla in terms of sales volume - and in 2022 sold twice as many BEV than Tesla. Cars were piling up.
The Shanghai plant reduced production early December and shut down completely on Dec 24th to Jan 3rd - a first for Tesla.
This site will operate at reduced capacity from Jan 4th to 19th and then shut again to month end given the Chinese new year holidays.
In USA a new enhanced $7,500 Tax incentive became effective 01 Jan however most Tesla models were above the qualifying price points so the price reductions in the US was to ensure most models now qualify - bear in mind the Texas facility is ramping up and in the face of declining demand Tesla had to respond.
Interesting stats published by "Troy Teslike" on twitter - the demand issue raised in back September already and tracked on a weekly basis.
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.
The direct sales model does this. Other brands hide price reductions to move stock at the dealer level by rebating and allowing buyers to haggle more off, if the buyer is that way inclined. Tesla don't have that option. They're also doing a fair bit to reduce production costs of the cars - the megacasting and integrated batteries being one example.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.
The share price is and has always been at ludicrous levels. Musk has said it himself.
I have not, do not and probably will not own a Tesla nor any shares in it so don't have any vested interest.
FeelingLucky said:
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.Tesla pricing is like Amazon pricing.
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.
was that a bespoke model made just for you?
soupdragon1 said:
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.
Anyone got any views / knowledge on what this will do for Model Y lease deals and when they would expect to see these on the market ? I have been looking for a while but the deals are so expensive that I am considering extending my xc90 lease deal for a year 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.
miasoldman said:
Anyone got any views / knowledge on what this will do for Model Y lease deals and when they would expect to see these on the market ? I have been looking for a while but the deals are so expensive that I am considering extending my xc90 lease deal for a year
The prices have been updated, not much cheaper than before as there was already price cuts on the leases as they were leasing out the overstock. Check leaseloco which shows you price history.
page3 said:
Register1 said:
Its not quicker either unless you have added one of those chips that overclocks the motor and then makes the warranty void.
greggy50 said:
page3 said:
Register1 said:
Its not quicker either unless you have added one of those chips that overclocks the motor and then makes the warranty void.
It definitely is quicker than the current RWD though, having the motor from the performance model, not the LR like now.
page3 said:
greggy50 said:
page3 said:
Register1 said:
Its not quicker either unless you have added one of those chips that overclocks the motor and then makes the warranty void.
It definitely is quicker than the current RWD though, having the motor from the performance model, not the LR like now.
rodericb said:
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.
The direct sales model does this. Other brands hide price reductions to move stock at the dealer level by rebating and allowing buyers to haggle more off, if the buyer is that way inclined. Tesla don't have that option. They're also doing a fair bit to reduce production costs of the cars - the megacasting and integrated batteries being one example.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.
The share price is and has always been at ludicrous levels. Musk has said it himself.
I have not, do not and probably will not own a Tesla nor any shares in it so don't have any vested interest.
Richyboy said:
I’m tempted by these cuts but don’t they have a new radar system coming? Wondering if I should wait for that.
Their plans are to go with all camera based systems (‘Tesla Vision’) for auto cruise control and parking assistance. The ultrasonic sensors have already been removed from current spec Model Y and that’s actually one of the reasons I just cancelled my order. Mark V GTD said:
heir plans are to go with all camera based systems (‘Tesla Vision’) for auto cruise control and parking assistance. The ultrasonic sensors have already been removed from current spec Model Y and that’s actually one of the reasons I just cancelled my order.
I thought they were bringing the sensors back, what does this statement refer to -
FeelingLucky said:
page3 said:
greggy50 said:
page3 said:
Register1 said:
Its not quicker either unless you have added one of those chips that overclocks the motor and then makes the warranty void.
It definitely is quicker than the current RWD though, having the motor from the performance model, not the LR like now.
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