Anyone buying without at least a $3500 discount from today’s $2k lower MSRP is overpaying and shouldn’t complain when, not if, the larger discounts return. Clearing out 45,000 extra cars plus probably another 45,000 this quarter will take lower prices. Plus the Fed is not lowering interest rates any time soon so all auto sales are slowing. Welcome to the real world of auto sales where too much inventory always leads to huge incentives.
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2024 MY "Price Adjustment" Math
- Thread starter calm-one
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- incentives model y 2024
halfhumble
Member
Not to mention the sales tax impact too. Where I live it's just under 11%.
$5000 x 1.11% = $5,550.
(before the 2k drop today)
$5000 x 1.11% = $5,550.
(before the 2k drop today)
Everything they play games like this, our expectations should increase by $500 discount.
So expectations should be atleast $5.5k. Not $5k like it was a week ago.
Model Y and Model 3 in AWD version are “identical” in price now (the few hundred $ doesn’t really count). lol.
I don’t think they want to drop Model Y AWD pricing routinely below Model 3 AWD pricing? That’s gotta massively eat into margins…
NJ EV registration tax
electrek.co
'Pro-EV' New Jersey just OK'ed the US's highest dumb EV fee
New Jersey just signed a law approving a punitive new EV registration fee – and at $250, it's the highest in the country.
electrek.co
MY pricing has been better than M3 pricing for a while now. When I was shopping for end of quarter deals an MYP after tax credit was the same price as the RWD M3.
MontyFloyd
Member
We have seen recent price drops, APR = 0.99%, and Long Range unlock on RWD MY
We also have seen that Tesla had its first 1Q sales drop in the history of Tesla making cars.
Additionally Tesla's are filling up services centers and even nearby shopping malls (I have seen them).
Conversely there is a known sales slump on ALL BEV's while ICE and HEV sales go up.
How likely is it Model Y will have additional price drops, or price down on some of its options, to stimulate sales? More SuperCharger miles, or longer free FSD?
Perhaps something in June to make 2Q look ok?
We also have seen that Tesla had its first 1Q sales drop in the history of Tesla making cars.
Additionally Tesla's are filling up services centers and even nearby shopping malls (I have seen them).
Conversely there is a known sales slump on ALL BEV's while ICE and HEV sales go up.
How likely is it Model Y will have additional price drops, or price down on some of its options, to stimulate sales? More SuperCharger miles, or longer free FSD?
Perhaps something in June to make 2Q look ok?
MontyFloyd
Member
You can if you compare a refreshed and much better M3 versus a 3 year old MY.
Also possible better production efficiency with MY over M3
And then the $7500 tax discount impacts net price which only applies to MY and expensive M3 Performance.
halfhumble
Member
We shall find out in the next 3 weeks. But I fear there's not going to be discounts the end of this quarter. Because they're reducing output instead to reduce inventory. (They'll probably offer just little freebies like premium connection, supercharger miles, etc.)
The China factory is reducing output by 20%. And they're doing it at American factories too, with the layoffs of thousands.
Tesla China planned to cut Model Y output by ~20% March-June: Reuters
Tesla has significantly reduced production of its Model Y electric car at its Shanghai factory in recent months, as per industry data.
www.teslarati.com
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Geniuses in NJ. They'll get you one way or another. Trouble with this disincentive tax is that's it's roughly based on you driving about 12,000/yr. So people like me that are retired and driving much less will be grossly overpaying their "fair share".
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