Discussion: Model 3 and Y price drop Jan 2023 / April 2023 / Oct 2023 and All other Pricing Speculation going forward

[stopcrazypp]

I guess the thing now is buyers will have to know how much a Tesla is actually "worth" paying for and track prices. Sorta like watching prices on amazon or camel x3. Forum and news is going to be lit the next few days with this change.

People have already done that in the past, here's an example from a year ago:

Price Increase! Base Y price up $2,000 to $56,990...

Another by another site:

Tesla Raises Prices on Model 3 and Model Y

Not that hard to do yourself looking at wayback machine at internet archive. As I mentioned, even this price is not the lowest point yet for Model Y LR (edit: it was $48,990, even lower than the $49,990 shown above). This is just largely partly resetting the previous increases. Certainly not bringing it to RAV4 territory as some are claiming up thread ($50k for a base model mid-size SUV is still firmly in the premium category).
Tesla Cuts Price Of Model 3 And Model Y Long Range Version

For the record, Amazon doesn't price match neither. Guess you can return stuff though there.

It'll be interesting to see how this plays out and if this is seen as a positive buying experience when it swings the other way. We all know the dealership horror stories, but prices don't tend to swing that much due to cost to make the vehicles and Tesla's were probably never worth how much they charged for them (why they had such high profits).

This is just matching market trends, except Tesla is doing it transparently with a direct price on their website. Used car prices have declined as the insane market last year has finally peaked. Tesla can't possibly be immune to this completely. Another factor in this is how the tax credit is structured, which puts pressure to hit certain price points.

 

[Hiline]

I fear that Tesla will out-compete all other car manufacturers with these new prices. At these levels, there isn’t any margin to make a profit with unless you’ve scaled up production, something only Tesla so far has achieved. The competitors will bleed a lot of money this year, draining themselves of cash to invest in their EV production lines.

 

[halfhumble]

Helpful visual breakdown.

And heres for the other models

 

[stopcrazypp]

I fear that Tesla will out-compete all other car manufacturers with these new prices. At these levels, there isn’t any margin to make a profit with unless you’ve scaled up production, something only Tesla so far has achieved. The competitors will bleed a lot of money this year, draining themselves of cash to invest in their EV production lines.

That's the strategy they have pursued in China a while back already. Every time a competitor comes up with an EV that matches the Tesla in features and presents a better value, Tesla just does a massive price drop and then people come running back to Tesla.

I suppose the promotion of their China boss to take over managing production and sales operations in NA and EU is not a coincidence:
Tesla makes China boss Tom Zhu its highest-profile executive after Elon Musk

 

[tonyz1]

I mentioned similar thoughts too on that buyer remorse thread when they did the recent $3750 or $7500 price drop. Basically people did their best decision with the known information at the time. No point in going back and regretting things, when you can just enjoy the car. For me personally, I took delivery of a M3 SR+ on the last day of 2020, and literally a week later Tesla comes out with the MY SR, which was really the car I wanted. I learned to just enjoy driving the car (which I do).

This is the mature way to look at this but I’m definitely not there today. Basically they have trained me as a customer to not trust them. There’s a level of wtf that they have exceeded.

Somebody mentioned giving people who bought in December or November free fsd or eap, that would help a lot to make this feel more equitable. However, until then, I will be voting with my money by boycotting them.

As for rav 4 comparison - I think rav 4 prime pricing isn’t too far off at msrp.

 

[WhiteOnWhiteMY]

Helpful visual breakdown.
View attachment 895146

31.1%, I'll just go F*** myself then.

 

[stopcrazypp]

Helpful visual breakdown.
View attachment 895146

That seems to miss out on the $3750 and $7500 incentives they did in December.
Tesla Doubles Model 3 And Model Y Discounts To $7,500 In The US

 

[Aqua Bliss]

I'm surprised they didn't just drop the model y performance by another 1900 (from 56,900) so it qualifies for the 55k price limit for the EV rebate, that would give another $7500. Then it would really push sales of MYP even better

But then you could only get white exterior and black interior.

 

[BitJam]

I'm surprised they didn't just drop the model y performance by another 1900 (from 56,900) so it qualifies for the 55k price limit for the EV rebate, that would give another $7500. Then it would really push sales of MYP even better

They didn't want to flood the roads with white MYPs. The $53K price point for the LR lets people choose two $1K options and still get the tax credit.

 

[Brav]

I may be over the tipping point now with this company. Last one I may ever buy. What a joke.

 

[ord3r]

This is the mature way to look at this but I’m definitely not there today.

I feel you, you'll get to that view. Don't get there for Tesla, but for yourself. No point in beating yourself up or wasting energy angry at Tesla for something that really comes down to luck.

The hard part will be learning to love that Tesla logo staring you in the face every day though lol!

 

[halfhumble]

They didn't want to flood the roads with white MYPs. The $53K price point for the LR lets people choose two $1K options and still get the tax credit.

Ah totally makes sense, forgot about add ons. True

 

[WhiteOnWhiteMY]

I feel you, you'll get to that view. Don't get there for Tesla, but for yourself. No point in beating yourself up or wasting energy angry at Tesla for something that really comes down to luck.

The hard part will be learning to love that Tesla logo staring you in the face every day though lol!

Good point, might need to debadge it

 

[ord3r]

And m3p stays super appealing as an upsell for those that are too baller to get the tax credit, which i suspect is a LOT of tesla buyers.

 

[BitJam]

And m3p stays super appealing as an upsell for those that are too baller to get the tax credit, which i suspect is a LOT of tesla buyers.

It's certainly good for people who don't qualify for the tax credit.

 

[skola]

Well FML. I just took delivery earlier today at noon of my MYLR and I see this price drop a few hours later. What a dampener on that new car feeling... I feel so f*cked over.

 

[WhiteOnWhiteMY]

Well FML. I just took delivery earlier today at noon of my MYLR and I see this price drop a few hours later. What a dampener on that new car feeling... I feel so f*cked over.

Wow, that is brutal. I am so sorry to hear that.

 

[ord3r]

Well FML. I just took delivery earlier today at noon of my MYLR and I see this price drop a few hours later. What a dampener on that new car feeling... I feel so f*cked over.

Damn man, that is really really rough.

 

[SizzFlair]

My 2023 MYP with 1100 miles has a trade in value of 40-45k. I paid 66k before taxes 2 weeks ago

 

[SizzFlair]

Well FML. I just took delivery earlier today at noon of my MYLR and I see this price drop a few hours later. What a dampener on that new car feeling... I feel so f*cked over.

Terrible timing.... you'll make it back