Big price drop - LR down $10k, Plaid down $21k

[ucmndd]

No demand problem here…

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Prices down significantly across the board…

 

[Zorg]

This is like 2018-2019 all over again. Remember when the S MSRP was $70K?

 

[Jayy178]

Wow huge price cuts

 

[Duke846]

278 used plaids on the market crying right now.

 

[Zorg]

At $70K, the S would be attractive again

 

[SoCal Buzz]

The LR price is back to $1,000 more than I paid in October ‘21. A bit more reasonable.

 

[beatle]

You could also say the prices are back down to where they should be after demand was "artificially" inflated by a shortage in supply of cars across the industry. Tesla was just trying to take advantage of the situation and raising prices to increase margins like many dealers did (and still do for some models). If so, at least they were transparent about it. The price is what it is, no surprises.

I chewed a few fingernails off wondering if my dealer would jack the delivery price of my Lightning last summer (they didn't, whew). Tesla does some scummy things, but I think they've been on the level with pricing. That said, I don't read the pricing and delivery forum.

 

[WilliamG]

The LR price is back to $1,000 more than I paid in October ‘21. A bit more reasonable.

Technically it’s now cheaper by quite a bit, given inflation.

 

[SO16]

If Tesla can still make a profit at these prices, it’s the competition that is crying.

 

[lowtek]

I woke up to a new order agreement email, such a big drop I thought it was a mistake.

 

[brkaus]

If they would move my FSD & premium connectivity over to a new car, I’d trade up. Don’t even need the unlimited supercharging.

 

[lowtek]

I'm blown away ... wonder what this is going to do to $TSLA?

 

[lowtek]

If Tesla can still make a profit at these prices, it’s the competition that is crying.

This.

 

[Hayseed_MS]

Does this make them eligible for the Fed tax credit? Could that be part of the reason?

 

[SO16]

Does this make them eligible for the Fed tax credit? Could that be part of the reason?

Yes, In many cases. Not all configurations.

Edit: correction- only talking about 3/Y. Not S/X

 

[ajw_Tifosi]

Price cuts overnight aren't a surprise but the surprise is the amounts. I don't have the heart to tell my buddy who recently got a new Plaid; this is the second time a dramatic price cut has occurred just after he bought a new Tesla. Funny... just yesterday I was talking to somebody else who is getting the i7 and we talked about how the interior and overall quality is so much nicer in the BMW and at a similar price, albeit without the crazy Plaid acceleration. The person will take the i7 regardless because he is much more focused on luxury but these Tesla cuts will definitely stimulate lots of new discussion and comparisons in the luxury EV space.

 

[CapeOne]

Does this make them eligible for the Fed tax credit? Could that be part of the reason?

Not for purchases. The MS still doesn't qualify for federal credits as MSRP exceeds $55k which is the maximum for cars. The MX doesn't qualify either as $80k is the maximum for vans, SUVs and pickups. Only the M3 and MY potentially qualify.

 

[cmarshack]

No real price decrease, they just took Enhanced Autopilot out of standard features and made it a $6k option.

Base Model S is still $100,990, but this effectively lowers the "cost" of FSD significantly since the delta is only $9k.

 

[Duke846]

No real price decrease, they just took Enhanced Autopilot out of standard features and made it a $6k option.

Base Model S is still $100,990, but this effectively lowers the "cost" of FSD significantly since the delta is only $9k.


View attachment 895323

That’s not correct. You must have added it.

 

[cmarshack]

That’s not correct. You must have added it.

Exactly.

I added it because we need apples to apples. You can't just say they lowered the price without mentioning they took away a major feature. Anyone with an S wants Enhanced AP, so once you put that back in you are at the same $100k price that most have paid over the past year.

Prior to this change, EAP was included.