Tesla dropped price again?

[Chipper]

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.

[Chipper]

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.

[Chipper]

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.

[Chipper]

LordFlathead said:

His margins are huge and he can undercut the entire market as no other OEM can produce EV's as cheaply as Tesla.

This is exactly what im getting at. The mark up in Tesla’s they have the ability to slash their pricing. From all accounts they are not only hitting their sales targets but look at California. Tesla are spot number one and two with the Y and 3 of all cars sold!

Its more the fact that if they really have got the manufacturing process so refined now that every legacy manufacturer must be stuffed.

[Chipper]

I think Tesla will have the model 3 starting from around £38000 permanently soon. If it’s true that they will launch a smaller vehicle for between £25000 / £30000 then the model 3 needs to be a reasonable step higher to get people to purchase it.

My brother in law managed to purchase a long range 2020 model with 45000 on the clock direct from Tesla for £25000. There were several in stock at that price but all have gone and similar vehicles are now £30000/£32000.

Regardless , if you take into account inflation a new SR model 3 for £38790 is excellent value.

[Chipper]

wyson said:

Brand new Model Y single motor in stock had an extra 2k ish off, 42 point something K. Honestly discounted getting an electric car because of stories of charging network woes, but that sort of price is seriously tempting.

That is good value full stop, well aligned with ICE equivalents.

Edited by wyson on Saturday 25th March 07:56

Tesla are going to post some amazing figures for Q1 sales in China, USA and Europe and EV cars will soon be cheaper than ICE vehicles. All driven by Tesla.