In the case of 75D discounts.. it's the same amount of margin if they were to sell them at 60Ds, but they probably achieved much higher volume.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Bought new S 75D yesterday after tesla yesterday firesale overnight -$7500
- Thread starter darker123
- Start date
In the case of 75D discounts.. it's the same amount of margin if they were to sell them at 60Ds, but they probably achieved much higher volume.
somnambule
Member
It doesn't bother me that much that there are discounts from time to time that weren't available when I bought mine. What does bother me is this "call the OA and see, some discounts are YMMV, and it's only on the inventory cars" BS. If Tesla wants to move more inventory at the end of the quarter, that's perfectly fine. Jut have an advertised, limited-time discount that can be had by anyone buying around this time simply by ordering on the web site or walking into any store.
Otherwise, a big chunk of future buyers will now put off their purchases until the end of each quarter waiting for the next round of deals (well, this will happen regardless now that a precedent has been set, but it's what comes next I'm more concerned about). And as the discounts are only on the inventory cars, Tesla must have more and more "inventory cars" to cater to these folks and make the quarterly numbers. Pretty soon, it starts looking like any other car dealership where there are a bunch of cars on the lot and you go in and haggle for the best possible deal on one of them. I really hope it doesn't get there.
Three months ago Elon bragged about how Tesla's pricing model was equal across the board. That paradigm has officially been destroyed.
In the past few days every single Model S on the road depreciated by a substantial amount. If you took delivery in early September before all these deals came up your car just lost about $8,000 overnight.
In the past few days every single Model S on the road depreciated by a substantial amount. If you took delivery in early September before all these deals came up your car just lost about $8,000 overnight.
How would you like to be the bank that just financed the lease on a P90D and assumed it would be worth the historical 60% of MSRP?!
Somebody got burned on that deal, and I doubt they know it yet. The banks are pretty savvy, and I wouldn't be surprised if there is some clause that makes this Tesla's problem...
Somebody got burned on that deal, and I doubt they know it yet. The banks are pretty savvy, and I wouldn't be surprised if there is some clause that makes this Tesla's problem...
ChadS
Last tank of gas: March 2009
I haven't been looking lately, but I doubt you will find many significant deals on 60s. They are probably already pretty low-margin. They can sell a 75 for the same price as a 60 because it's already the same car, so they lose no current margin (though they do obviously lose the opportunity to make some pure margin later if the customer upgrades - but right now it's all about THIS quarter's results).
And of course they have been able to greatly discount high-margin P90D's to clear them out when the P100D was announced. I leased an inventory P90DL two days before the P100D was announced and got a phenomenal deal. But I think those are mostly cleared out by now.
And of course they have been able to greatly discount high-margin P90D's to clear them out when the P100D was announced. I leased an inventory P90DL two days before the P100D was announced and got a phenomenal deal. But I think those are mostly cleared out by now.
Hi - Last Friday, I managed to snag a 75D that was fully loaded (Pano, AP, Suspension, Napa Leather, Charger upgrade, Premium Interior, Hi-Fidelity sound) with only 132 miles. They were offering a $5700 showroom discount and were waving the document and destination fee. I was also able to use a friend's referral code for another $1,000.
I had previously designed a 60D and they offered to re-configure the battery pack from 75KWh down to 60KWh which led to a further price reduction of $8,500.
I think I got a good deal on a 24 month lease with a decent car - I missed a 75D that had a $9,700 showroom discount but it had 2500 miles.
Go to the showroom and look through the inventory - they organized it by $ discount when we viewed it with the OA.
Hope this helps.
HiredGun
As @ChadS mentions, it looks like they upgraded the 60s to be 75s since it's the same hardware. TeslaInventory.com currently shows 174 S60 and S75 cars with discounts up to $10400 off. The vast majority (167) are 75s. There's one lonely 70 and 6 refreshed 60s. There are still a few non-refreshed cars available as well but the discounts on those aren't as high as on the refreshed ones.
Good luck in your search.
Please see my response to another poster....
After my test drive the OA found a fully loaded 75D with only 132 miles and a $5,700 showroom discount. The OA told me that re-configuring the battery pack from 75KWh down to 60KWh was not an issue.
I just got confirmation a few hours that they just did that to my car and the price was reduced accordingly by $8,500.
Also not looking to contradict what you said but just wanted to let anyone interested in getting a 60S that its possible to get a "higher" car and have it re-configured.
Hope this helps!
HiredGun
The last time TESLA pushed deals like this on the Model S, the new design was introduced a week or so after the Q close... I suspect we will see AP 2.0 after the Q close as well...
The 75D started out at $91,750 and once we "downgraded" it to a 60D, it went to $90,450 (all options except the jumpseats).
With the various discounts we got it down to $82,550. I'm doing a business lease so I opted for a 24 month lease at 15K miles, the difference in monthly lease payment is significant....$1,032 vs ~$700.
HG
Tesla averages about $20K a car when sold at full price, so they are still making some profit on the inventory cars. Selling off inventory cars also gets liabilities off the books by the end of the quarter.
The inventory cars are turning over fast. Two days ago I noticed 4 S90Ds and went back last night to look and compare to what I paid for mine and all 4 were gone. They do have more of the small pack cars in inventory. I suspect they have been selling more 60s and 75s than 90s lately from the comments seen on the forum. 6 months ago the 90D was about 2/3 of all Model S sales, but it's probably down to less than half now with a lot more smaller pack cars sold. With the supercharger network filling out, there is probably less range anxiety and more people are opting for higher optioned small pack cars or getting a base model just to get a Tesla.
Oh it only dropped it ~1300. I thought it would drop it the price of the upgrade ~8k.
Hey Darker123, can you share with us your referral code. Thanks to your post I'm picking up my P75D this weekend...
MountainRoad
Member
Congrats on the new car! Hopefully Darker123 gets back to you with his referral code. If not, please consider using my referral code: http://ts.la/jordan3466Hey Darker123, can you share with us your referral code. Thanks to your post I'm picking up my P75D this weekend...
Hey Darker123, can you share with us your referral code. Thanks to your post I'm picking up my P75D this weekend...
Absolutely here is my referral code: http://ts.la/igor9641
I also took advantage of the last minute savings on the Model S 75kwh Tesla. Some one posted a concern about the large discount and how it would effect the regular priced vehicles others have purchased. I don't think this will effect that issue at all, because what others have not posted here was that this discount only applied to the 75 Kwh inventory vehicle, which by the way are all most likely showroom vehicles, ( Which mine is) If you read very closely the data sheet some even have up to and over 100 miles on them. Remember the upgrade to 75 is a software fix. Tesla is not loosing much by pushing out the showroom vehicles and standing inventory. Just my opinion.
Zaphod
Galaxy President (former)
Can anyone comment on if these discounts stipulated that car must be taken delivery before the end of the month? I'm seriously considering hopping on an inventory car, but there is no way I can take delivery before the month ends.
Also, is the 24 month lease promotion officially over? I still see lease quotes showing up as 24 month terms, but thought that ended mid-September.
Also, is the 24 month lease promotion officially over? I still see lease quotes showing up as 24 month terms, but thought that ended mid-September.
They removed the feature of the guaranteed residual value for a reason. I guess it was to allow for future sale discounting.
Similar threads
