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Discussion: Model 3 Price reductions - Jan / April / Oct 2023 and all other pricing discussions
- Thread starter mpgxsvcd
- Start date
For what it is worth, I don't think this is a question of if it can be done - because it can absolutely be done - it is just a matter of if Tesla (and their partner financial institutions that back their leases) agrees to do it.
Lucid is an example of the commercial EV tax credit being applied to consumer leases.
Ford following suit but not as drastically.
www.nbcnews.com
Ford cuts prices on electric Mustang Mach-E, following Tesla’s lead
The automaker said Monday it will lower the pricing of the Mach-E, which is comparable to Tesla’s Model Y, by an average of about $4,500, depending on the model.
www.nbcnews.com
TesslaBull
Member
They missed the mark big time on their price cuts. They only got one model below the 55k cap that previously was not, and it is not an extended range version. So a buyer considering between a 330 mile range MY and a 310 range Mach-e will pay a nearly $15k premium for the Mustang.Ford following suit but not as drastically.
Ford cuts prices on electric Mustang Mach-E, following Tesla’s lead
The automaker said Monday it will lower the pricing of the Mach-E, which is comparable to Tesla’s Model Y, by an average of about $4,500, depending on the model.
Ford will have to lose their ass and drop a LR below $55k, otherwise they lose their ass anyway.
Agreed, the only advantage the Mach-e has right now is if you want a standard range (smaller battery) model, which has an msrp $7500 less than the least expensive model Y (and qualifes for the tax credit).
Very much bummed that I missed the price cuts! I picked mine up in December - but don't look back and just enjoy the Tesla you bought. When people worry about these thing, they get frozen and don't buy anything.
Ok basically long story short, I have a model3p full fsd the usual generic Tesla car, I have owned luxury mid range cars for over 30 years, in that time I’ve had new E classes, BMW’s, Porsche etc etc you get the picture. I Bought this car used about nine months ago as we have the solar panels and battery set up at home so it seemed like a good idea. I have never lost so much value on a car in such a short period of time, and that includes around ten new cars over my driving lifetime, I bought it at a good price and if I was to sell today I’d lose around 16k. The car doesn’t cost anything as I bought outright but after doing a bit of web research it appears not only are they going to stay low there likely to carry on falling like a brick.
I like the car, well it’s ok, there’s a lot of party trick features to it that simply is a waste of time apart from demonstrating to others what it can do, kids seem to think it’s cool, I could also pull it apart after coming from an S class but that’s another topic.
So do I sell and take the hit, maybe buy one again after a year once the ev market stabilises, or stick with it hope for the best and put my blindfold back on.
No abuse please, this is just a general question as nearly everyone on here is in the same boat if you own your Tesla.
Thanks.
Ps, sorry not so short after all.
I like the car, well it’s ok, there’s a lot of party trick features to it that simply is a waste of time apart from demonstrating to others what it can do, kids seem to think it’s cool, I could also pull it apart after coming from an S class but that’s another topic.
So do I sell and take the hit, maybe buy one again after a year once the ev market stabilises, or stick with it hope for the best and put my blindfold back on.
No abuse please, this is just a general question as nearly everyone on here is in the same boat if you own your Tesla.
Thanks.
Ps, sorry not so short after all.
If you have nothing against keeping the car (aka it is no nuisance to your everyday life), I'd keep it. Why realise a loss of 16k on a functional appliance? Or do you already have your eyes and heart set on something new?
Shelburne
Member
Sorry, but with respect, I don't think of myself as being in the same boat as you. I have always kept my cars for 10 years before buying a new one. Two reasons for that:
1. Over those 10 years, I set aside enough money every month so that, at the end of those 10 years, I can buy a new car without financing.
2. Buying a new car every few years is simply a waste of energy, metal, plastic and glass. This planet has a finite amount of resources and energy that need to be used wisely and not wasted. Even if a car was made with 100% recyclable materials there is still a heck of a lot of fossil fuels involved in
the manufacturing process.
1. Over those 10 years, I set aside enough money every month so that, at the end of those 10 years, I can buy a new car without financing.
2. Buying a new car every few years is simply a waste of energy, metal, plastic and glass. This planet has a finite amount of resources and energy that need to be used wisely and not wasted. Even if a car was made with 100% recyclable materials there is still a heck of a lot of fossil fuels involved in
the manufacturing process.
If you like the car I would keep it. Future prices are unpredictable, could go up if waiting time goes up, could go down if "model 2" is announced and people cancel their orders for waiting a cheaper one. Everything can happen.
But the is still a really nice one, if you dont have your heart looking on something else and is more a value issue I would keep it.
But the is still a really nice one, if you dont have your heart looking on something else and is more a value issue I would keep it.
99% of cars are depreciating assests. The wisest financial move is financing at a low rate (if still possible) and investing the money in a hopefully appreciating stock, mutual fund, etc. You already chose a bad move and selling a car within the first 3 years is almost always a losing proposition. Good luck.
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I'm in the same boat as you. The EV tax credit + cheap gasoline + tesla dropping the price to meet criteria for the tax credit has pummeled the cost of this car. I think once these go away the price will stabilize, but right now is still near rock bottom.
With how much you've invested with batteries and solar you may as well just keep it at this point. I still don't find any of the competitor EV's compelling enough to make a switch. Just keep it as a daily and buy something ridiculous on the side.
With how much you've invested with batteries and solar you may as well just keep it at this point. I still don't find any of the competitor EV's compelling enough to make a switch. Just keep it as a daily and buy something ridiculous on the side.
Thanks for the replies, I wouldn’t be selling because I have to quite the opposite, I’d sell it simply because I despair at losing such a large sum of money in such a short period of time, for me it’s time to ‘cash out’ as the saying goes. And even with prices being as low as they are I wouldn’t buy again just yet.
Thanks again, anybody want an absolute bargain of a car Lol
Thanks again, anybody want an absolute bargain of a car Lol
My take on this is there is no rime or reason on buying
or selling cars. So if there is no logic or money considerations, well
it get back to a better question. Should I keep my partner or go
for a younger model. I guess as she can mow the lawn, i will keep her.
Sorry that was bad but it is not always cost, replacement but love.
It is what its and it aint what it anit. Love makes people happy.
Live and let live..
or selling cars. So if there is no logic or money considerations, well
it get back to a better question. Should I keep my partner or go
for a younger model. I guess as she can mow the lawn, i will keep her.
Sorry that was bad but it is not always cost, replacement but love.
It is what its and it aint what it anit. Love makes people happy.
Live and let live..
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