It has happened - up to $20K cheaper

[AtlTesly]

Purchased MYLR at the end of December. Purchasing the same today I would have paid $13K less. Bummer. This will infuriate many, including myself, and also erode loyalty in my opinion.

Amid demand concerns, Tesla cuts prices by up to $13K in US

Tesla has massively cut prices across new models in the US (update: and Europe), with the largest price drop occurring...

electrek.co

 

[MY1stEV]

So it goes...

 

[afadeev]

Purchased MYLR at the end of December. Purchasing the same today I would have paid $13K less. Bummer. This will infuriate many, including myself, and also erode loyalty in my opinion.

If it makes you feel any better, all Tesla owners just took a hair-cut to their used car values. Not just yourself.

 

[AtlTesly]

So it goes...

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I get it. We are all adults living in the real world. But this tweet doesn’t help. It only pours salt on the wounds.

 

[holeydonut]

If it makes you feel any better, all Tesla owners just took a hair-cut to their used car values. Not just yourself.

I’m curious what happens to the lenders who were giving our 100% loan to value terms. Does this completely nuke their book since they can’t offload those trash loans with the collateral getting devalued by 15%?

 

[MY1stEV]

I get it. We are all adults living in the real world. But this tweet doesn’t help. It only pours salt on the wounds.

That tweet was from 2019. I was just pointing out that we are not in unfamiliar territory when it comes to hurt feelings around Tesla price changes, not trying to kick a brother while he's down.

 

[afadeev]

I’m curious what happens to the lenders who were giving our 100% loan to value terms. Does this completely nuke their book since they can’t offload those trash loans with the collateral getting devalued by 15%?

Auto-lenders don't mark-to-market. So this will not affect banks directly.

As long as the buyer pays off the loan, the vehicle value fluctuations are irrelevant.
If the buyer defaults and the vehicle gets repossessed, then the recovery value drops. But that expected loss is mostly already built into higher loan rates for 100% LTV loans.

Having said that, the auto-loan industry is not in a particularly healthy state overall. However, Tesla is a very tiny portion of the auto market.