New Teslas now on sale!

[cbo111]

Tesla is dropping the price on some models, perhaps to qualify for the tax incentive (hard to say). A long range Model Y was priced in the mid $60K, and now is priced at $52,900. With the $7,500 tax credit, it drops to $45,190. This comes when Tesla is finally cranking Model Y's out at their huge Austin, Tx plant. Great news if you are in the market for a new Tesla. Maybe not so great news for shareholders or current owners who just lost big $$ in equity.

 

[aaronc879]

If you make enough income to get the full $7500 credit then you shouldn't need the credit. Still unaffordable for the lower income people who don't get much of a credit.

 

[MichaelB]

If they could sell all the cars they manufacture, they wouldn’t lower the price. Coincidentally, they also lowered the price in China, their second biggest market.This looks more like a price reduction to remain competitive.

 

[foxfirev5]

If they could sell all the cars they manufacture, they wouldn’t lower the price. Coincidentally, they also lowered the price in China, their second biggest market.This looks more like a price reduction to remain competitive.

Yeah, this doesn't bode well for Tesla IMHO. They are very close to providing a commodity item as the rest of the auto manufacturers crank up. At a rapid pace.

 

[ExFlyBoy5]

Yeah...I'm gonna take a hard pass on that.

 

[joesxm3]

$7500 great for Roth conversion.

I've been wanting a Tesla so pulling my hair out trying to decide if, or which model.

I recently spent $2000 on new tires and steering leak on my 20 year old acura, so angst over not using up the new tires if I do.

The sales tax, insurance and property tax difference would pay for fixing the old car three more years, but I would hate for it to crap out and leave me in a bind.

The order page says that the credit applies only to deliveries before March and may change. The sales woman told me that if I put an order in it would likely slip past march. She said I should buy the only black model Y in stock. She said their phone has been ringing off the hook today.

I bet march has to do with a decision on USA batteries. Also if the IRS reclassifies the Y as an SUV I bet the price goes back up.

The earnings call discussion this month should be Interesting.

 

[Another Reader]

I live in Silly Valley. There are four electric cars on my block. BMW, Hyundai, and Kia. No Teslas. Lots of complaints in my larger circle about Tesla quality issues. Solar City panel installations as well.

After the Twitter disaster revealed Musk's underlying business ethics, I would not do business with him.

 

[tfudtuckerpucker]

This is why I won't consider a Tesla. Consumer Reports gave the 2022 Tesla Model X the lowest possible predicted reliability score. JD Powers is not much kinder. And if it breaks, you have to take it to a dealer for repairs. In addition to reliability, there are quality control issues- "looks like toddlers put this together". In retrospect, Bill Gates was wise to short TSLA for $2 billion earlier this year. Was that an easy $1.4 billion for him?

 

[tulak]

For those that are curious, there’s a good article in WSJ: “What if Tesla Is…Just a Car Company?”

I read it on Apple News and won’t paste a link since it’s behind a paywall. I thought it was a good overview of Tesla, where they’re at and some of the challenges they face.

 

[Montecfo]

I live in Silly Valley. There are four electric cars on my block. BMW, Hyundai, and Kia. No Teslas. Lots of complaints in my larger circle about Tesla quality issues. Solar City panel installations as well.

After the Twitter disaster revealed Musk's underlying business ethics, I would not do business with him.

Wha? He is taking a loser and trying to make it a winner.

 

[ivinsfan]

I live in Silly Valley. There are four electric cars on my block. BMW, Hyundai, and Kia. No Teslas. Lots of complaints in my larger circle about Tesla quality issues. Solar City panel installations as well.

After the Twitter disaster revealed Musk's underlying business ethics, I would not do business with him.

It's always something isn't it......

 

[ivinsfan]

A little OT but DH while watching Tesla Plaid you tube offerings is seeing videos testing other EV charging methods in the real world. Tesla seems to be head and shoulders above the pack in this area.

 

[RunningBum]

If you make enough income to get the full $7500 credit then you shouldn't need the credit. Still unaffordable for the lower income people who don't get much of a credit.

Not all tax credits are done to attempt to (somewhat) level the field for lower income people. This one seems to be to reduce the "early adoption" cost of new tech.

 

[DayDreaming]

... I've been wanting a Tesla so pulling my hair out trying to decide if, or which model.

I recently spent $2000 on new tires and steering leak on my 20 year old acura, so angst over not using up the new tires if I do.

The sales tax, insurance and property tax difference would pay for fixing the old car three more years, but I would hate for it to crap out and leave me in a bind.

The order page says that the credit applies only to deliveries before March and may change. The sales woman told me that if I put an order in it would likely slip past march. She said I should buy the only black model Y in stock. She said their phone has been ringing off the hook today.

I bet march has to do with a decision on USA batteries. Also if the IRS reclassifies the Y as an SUV I bet the price goes back up.

The earnings call discussion this month should be Interesting.

If you really want the car but only with the tax credit, you should place your order now. If you get the car with the tax credit, great. If the tax credit goes away before your car is ready, you can cancel your order and you only loose the $250 order fee - you are under no obligation to purchase the car until you actually look at it and sign the papers.

 

[JoeWras]

I don't like Tesla interior styling. I also don't like minimalist Apple designs. Their CEOs differ greatly in politics. Doesn't matter, I don't like the style so I'm out on both.

Note to Tesla: get over your fixation of a big screen. Put the speedometer in front of me, thank you.

 

[Alan]

Tesla have also slashed their prices here. (There are no longer any tax incentives for buying any EV here and never any for high priced EVs like Teslas)

https://www.autocar.co.uk/car-news/new-cars/tesla-slashes-uk-prices-much-£8000

Tesla has slashed prices by as much as £8000 in a drastic extension of its sales incentives, having fallen short of Wall Street forecasts in 2022.

The discounts affect the Tesla Model 3 saloon and the Tesla Model Y crossover, with the latter being more significantly impacted.


The largest reduction has been applied to the Model Y Performance, which is now priced at £59,990, £8000 less than previously. The Model Y Long Range has been discounted by £5000 to £52,990. And the entry-level Model Y Rear-Wheel Drive had its price cut by £7000 to £44,990.

The largest reduction in the Model 3 line-up affects the Long Range model, its price cut by £6500 to £50,990. Pricing for the Model 3 Rear-Wheel Drive has been reduced by £5500 to £42,990, while the Model 3 Performance has been discounted by £3500 to £57,990.

A Tesla spokesperson told Autocar that all undelivered orders will have their pricing updated automatically to reflect the changes, provided that the original fee is higher.

 

[Kalm]

I don't like Tesla interior styling. I also don't like minimalist Apple designs. Their CEOs differ greatly in politics. Doesn't matter, I don't like the style so I'm out on both.

Note to Tesla: get over your fixation of a big screen. Put the speedometer in front of me, thank you.

I bought a 3 in 2018 with the tax credit. I hate that I have to look away from the road to do anything on my screen. I am an early adopter of technology. With that said, I love the car..no gas station lines, no oil changes and very little maintenance and improved capabilities via over the air software updates plus it’s a fun to drive! I bought a color that is no longer offered so I am hoping that helps retain its value. For those of you who think you have to be rich to own one it is not the case. Many including me have financed their cars like any other car. I am a strong supporter of Elon Musk and believe he is a very astute business person and I am all for free speech. It is easier to criticize than to be part of the solution.

 

[Midpack]

As you might imagine, many of the Tesla buyers who just bought at the much higher prices on are none to happy now, having paid as much as $13K more than ordering today for a Model Y, or as much as $21K more for a Model S Plaid! I’m sure more buyers will be tempted now (I am), the savings including tax credits are hard to believe. You can get a net $4500 credit on a Model Y Performance by choosing the 7 seat option at $3000 too, qualifying for the $7500 credit contrary to the chart below.

Tesla also made the larger Model S and Model X cheaper. For the Model S, the price has dropped by $10,000 (around 10 percent), from $104,990 to $94,990, while for the Plaid it’s even more significant – 15 percent, or around $21,000, bringing its price down to $114,990 from $135,990. The Model S Plaid gets the biggest price reduction of the entire lineup.

The Model X is also cheaper, by 9 percent or $11,000, now costing from $109,990 instead of $120,990. The Plaid variant is 14 percent cheaper too, taking $19,000 off its previous price of $138,990 and bringing it down to $119,990.

 

[eytonxav]

Wonder if this will impact non-EV insurance rates in order to subsidize Tesla owners:https://www.caranddriver.com/news/a42709679/tesla-insurance-fixes-expense/

 

[Chuckanut]

Wonder if this will impact non-EV insurance rates in order to subsidize Tesla owners:https://www.caranddriver.com/news/a42709679/tesla-insurance-fixes-expense/

Hmmmm…

 

[eytonxav]

This surprised me, but if auto-pilot capabilities are important to you Tesla is not leading the pack:
https://driveteslacanada.ca/news/co...tem-over-gms-super-cruise-tesla-falls-to-7th/

 

[audreyh1]

Tesla Traffic Aware Cruise Control with Autosteer is certainly very very good. I’m not complaining and I don’t have either FSD or Enhanced Autopilot.

Funny about the knock on “Keeping the Driver Engaged”. My Tesla won’t let me get away with anything! I supervise how it’s driving, but it also supervises me!

 

[ncbill]

This surprised me, but if auto-pilot capabilities are important to you Tesla is not leading the pack:
https://driveteslacanada.ca/news/co...tem-over-gms-super-cruise-tesla-falls-to-7th/

And Supercruise has always beaten Autopilot in reviews, IIRC.

 

[dixonge]

Tesla is dropping the price on some models, perhaps to qualify for the tax incentive (hard to say). A long range Model Y was priced in the mid $60K, and now is priced at $52,900. With the $7,500 tax credit, it drops to $45,190. This comes when Tesla is finally cranking Model Y's out at their huge Austin, Tx plant. Great news if you are in the market for a new Tesla. Maybe not so great news for shareholders or current owners who just lost big $$ in equity.

The Inflation Reduction Act set the 2023 cap for sedans at 55,000. That the price dropped to $52,900 tells you everything you need to know - there is no 'perhaps' to it, and it's not hard to say at all!

As far as current owners go, Elon has said in the past that he has never had an owner contact him to pay extra when their has been a price hike, so why expect a refund when there's a price drop?

If they could sell all the cars they manufacture, they wouldn’t lower the price. Coincidentally, they also lowered the price in China, their second biggest market.This looks more like a price reduction to remain competitive.

It has nothing to do with competition, it is a logical response to production capacity vs. demand. Until recently the demand outpaced production and wait times stretched out to months. Prices were raised, in part, to help stem that. The prices were very high! This should tell you how insane the demand has been.

Now that Shanghai production is massive (Giga Shanghai is now rolling out a new Tesla every 40 seconds) the prices have to drop to adjust the production/demand curve, otherwise they'd have a ton of Teslas parked somewhere. According to the Earnings Call a few days ago, orders began outpacing production capacity by a 2-to-1 margin after the price drop.

There are many factors at play here, but falling demand isn't one of them. They are hiring everywhere, starting up new plants, and generally exceeding YoY in production and delivery and profit by margins that any other car company in the world would kill for.

 

[Midpack]

This surprised me, but if auto-pilot capabilities are important to you Tesla is not leading the pack:
https://driveteslacanada.ca/news/co...tem-over-gms-super-cruise-tesla-falls-to-7th/

This is driver assist, not self driving.

Nothing to do with FSD, and the only thing I care about when it comes to driver assist is 'capabilities and performance' - not keeping driver engaged, ease of use, clear when safe to use, or unresponsive driver. Tesla is clearly focused on FSD, their AutoPilot and Enhanced AutoPilot is largely trickle down from that. I wonder how the scores would be if they compared the best of each OEMs self driving systems, instead of putting Teslas 3rd best least capable system (AutoPilot) against the best of the others?

From what I'm told GM is closer than the others, along with Tesla. Only Waymo and Argo AI are in the running for full self driving. The others are nowhere near it yet.

And there's no doubt Musk has over-hyped Teslas FSD all along. Who knows when/if anyone will get there.

I have first hand experience with driver assist in Subaru, Honda and Hyundai, all are fine with obvious limits.