Another round of Tesla price bumps [Nov 2021]

[beachbum]

Tesla Model 3, Model Y gets $1k price increase & new free paint option

Tesla has raised the price of the Model 3 and Model Y by $1,000 in a fresh round of price adjustments. The company also updated its free paint options for its two best-selling vehicles. With the recent round of price increases in place, the Model 3 RWD (previously the Model 3 Standard Range...

www.teslarati.com

 

[BreatheEasier]

IMO, this is getting absurd. An MY now costs almost $10K more than less than a year ago? So much for making these 'more affordable'. We'll see how long demand lasts at $60K with destination, regardless of a yet unapproved tax rebate. And I'm a shareholder, and a happy MY owner, so this is not bashing Tesla. This just smells like "market adjustment" at a nationwide scale vs. independent dealer markup.

 

[Tha_Ape]

They will keep raising until wait times are <6months at least. Just basic supply and demand. At some point it'll crash though. Where I am, the Model Y is the Honda Accord of EVs... you see them everywhere. In time competitors will show up. The Mach-E recently became available and other competitors are showing up as well.

 

[TSLY]

Car companies are knocking off Elon Musk and Tesla the same way they knocked off Henry Ford and the Model A. Musk is arguably the most relevant car designer and innovator since Henry Ford, the Steve Jobs of the Auto World. Nothing goes straight up but power to him! I made another grand on my MY today. You'd have to own 63 share of TSLA to realize the same profit in today's stock market, on paper. My July order has already appreciated $5K.

 

[GenSao]

IMO, this is getting absurd. An MY now costs almost $10K more than less than a year ago? So much for making these 'more affordable'. We'll see how long demand lasts at $60K with destination, regardless of a yet unapproved tax rebate. And I'm a shareholder, and a happy MY owner, so this is not bashing Tesla. This just smells like "market adjustment" at a nationwide scale vs. independent dealer markup.

If you count the small $1,000 price drop in February-March 2021, it is a $9,000 price increase for the Long Range trim. The Performance trim is only a $2,000 difference from it's median price of $61K.

 

[thinktwice]

IMO, this is getting absurd. An MY now costs almost $10K more than less than a year ago? So much for making these 'more affordable'. We'll see how long demand lasts at $60K with destination, regardless of a yet unapproved tax rebate. And I'm a shareholder, and a happy MY owner, so this is not bashing Tesla. This just smells like "market adjustment" at a nationwide scale vs. independent dealer markup.

Can you really blame Tesla? With demand where it currently is and consumers paying what they're paying for used Tesla's, it would almost seem irresponsible to not increase prices.

 

[mT3Silvia]

They will keep raising until wait times are <6months at least. Just basic supply and demand. At some point it'll crash though. Where I am, the Model Y is the Honda Accord of EVs... you see them everywhere. In time competitors will show up. The Mach-E recently became available and other competitors are showing up as well.

Honda Accord vs. Ford Focus. I know what I’m picking

 

[brandon8387]

IMO, this is getting absurd. An MY now costs almost $10K more than less than a year ago? So much for making these 'more affordable'. We'll see how long demand lasts at $60K with destination, regardless of a yet unapproved tax rebate. And I'm a shareholder, and a happy MY owner, so this is not bashing Tesla. This just smells like "market adjustment" at a nationwide scale vs. independent dealer markup.

Lol, The gonna keep selling. People are paying more for used models just to get them faster. Demand is too high.

 

[tashtibet]

2 burrito sellers-one increase the price but customers keep buying while other reduces still no business.

 

[DanDi58]

Can't wait to go check out some of the 'when is the Federal EV rebate coming?' threads.... If those folks had bought their cars earlier this year, they'd have paid almost what they will with the (still vaporware) EV rebate AND been enjoying the car for 8 months. I ordered mine in Jan, picked up in March and paid $8k less than current price - not including the fact that I paid no sales tax (another $3500 saved).

 

[mrwug]

Given broader economic factors, I rather expect the prices of every else to soon catch up with Tesla prices.

 

[BreatheEasier]

Can you really blame Tesla? With demand where it currently is and consumers paying what they're paying for used Tesla's, it would almost seem irresponsible to not increase prices.

Nope, can't blame them. I'm 100% behind capitalism, but this is surely the ugly side. The used car market is out of control. Housing is out of control. And if you are into classic cars like I am, that market is beyond out of control. However, if you have been on this Earth long enough, you know that what goes up - especially like today's prices - will come down, without a doubt. And when it is out of control like this, the crash is usually epic. I'm thankful I'm not desperate for a house or a car right now. I feel for those who have to overspend, especially on a depreciating liability like a car. I know people who are still upside-down from the last housing bubble. Buying a used car for more that its original MSRP, you have to know going in that it will lose more resale value than a new car as soon as it leaves the lot. I have to admit I'm a little excited, though, that the housing, car, RV, and classic car market will be a buyers' market in ~24 months.

 

[rjpjnk]

Unbelievable! This is making my 49,990 Model Y look like it already has the EV credit applied. So now I don't feel too bad missing it.

 

[whisperingshad]

Inflation LOL, burgers went up too. If they pass the tax credit, will still be cheaper than I paid @ 49,990. Appreciating value is nice though

 

[iamnid]

I don't think this has anything to do with greed. Supplies are tight and inflation is real -- costs are up and those need to be passed along to the consumer.

 

[bdwalters]

I don't think this has anything to do with greed. Supplies are tight and inflation is real -- costs are up and those need to be passed along to the consumer.

Tesla's margins are going up. The price increases aren't about component costs going up. This is about supply and demand. I have no problem with that, but let's be honest about what's going on here.

 

[bro1999]

Tesla's margins are going up. The price increases aren't about component costs going up. This is about supply and demand. I have no problem with that, but let's be honest about what's going on here.

May be good to load up on more TSLA, because their next few quarters of earnings may be out of this world...

 

[whisperingshad]

Tesla's margins are going up. The price increases aren't about component costs going up. This is about supply and demand. I have no problem with that, but let's be honest about what's going on here.

While all the "Stealerships" have been tacking on what used to be thousands over MSRP for hot vehicles, now is tens of thousands.

 

[optx002]

2 burrito sellers-one increase the price but customers keep buying while other reduces still no business.

I know what I'm getting for lunch today

 

[Edge]

No changes to price or paint here in Canada yet. I wonder if we're going to get this increase as well considering the $4k increase just a few weeks ago