Model 3 performance price increase

[Telstom]

Yes, I was planning on cash purchasing a P in late Feb/March. As much as it pains me, I will likely hold off until later in the year now - to both save a bit or to see if the price drops back once the change to MIC and importation is complete. Hopefully, there isn't an announcement by a competitor in the meantime or I decide to put the money into something other than a car (which I am erring to now tbh).

I 100% agree that for £60k the performance of the car is great value, but to me at least, there are compromises elsewhere.

I did have a look at the prices across Europe for the M3 Performance as many in other groups are pointing to these. Poland £51K, Germany £49k, Switzerland £47k, Norway £42k, France £52k, Belgium\Holland\Lux £56k. Even Ireland with their ridiculous VRT charge is £56k.

Also, UK (and Ireland) deliveries for the P are currently penned in for May, but they are March for the European countries mentioned.

I do not want to speculate as to why the UK has the most expensive M3P in Europe. The 2-month delay for delivery is interesting as well, and I have no idea as to why.

 

[Andrew_SE23]

I will likely hold off until later in the year now

That seems like the best decision. I’m quite sure that Tesla largely price their cars based upon demand and competitiveness in the market, and I’d be amazed if the demand holds up. I bought the M3P over a year ago, but I don’t think that I would have paid the new price.

 

[Tann_man]

Silly money now. As much as I love mine, I won’t get one again when the lease is up this September, the payments will just be too high. I’m not sure if I could go for a long range after having the performance ‍ A Berlin long range model Y though, I could do that.

 

[pow216]

I don’t think it’s silly money compared to the competition. Just not quite as much as a bargain as it was!

 

[UrbanSplash]

How much is the increase ?

 

[pow216]

Is it 3/4K?

The sensible choice is the LR now for sure I think. But...

 

[roadcred]

Silly money now. As much as I love mine, I won’t get one again when the lease is up this September, the payments will just be too high. I’m not sure if I could go for a long range after having the performance ‍ A Berlin long range model Y though, I could do that.

I had a P- for 12 m0nths. The novelty wore off changed it for an LR after 11 months. No noticeableddifference in performance but a much better ride in the LR. Sounds like the perfect time to get out of the Performance and into a 20

 

[UrbanSplash]

There is very little between the 0-60 of a LR boost v P. Certainly not enough to justify the extra price alone. When I got mine end of 2019, boost just came out and the YouTube videos showed very little difference. Even Tesla had different methods of calculating the 0-60.

Increase in price of P is probably to push the price of Plaid pretty high when it comes out. If a P is £60k, plaid will likely be positioned again BMW M’s. £70k plus, maybe more. Of course Plaid will be much quicker.

I don’t know where the market is heading but the Model 3 at the top end is starting to look very pricey. Big difference in a relative short space of time. Certainly no longer an ‘Everyman’ car.

No way I would pay that much for shoddy build, weird customer service etc.

 

[nxsynjs]

Is it 3/4K?

The sensible choice is the LR now for sure I think. But...

Realistically (and this is coming from an M3P owner) The long range has always been the sweet spot of the Model 3 range. It's kinda like the BMW3 series in which the M3 is a "halo" product and the sensible people with an eye for value went for a 330/340 instead

 

[ACarneiro]

I don’t know where the market is heading but the Model 3 at the top end is starting to look very pricey.

Completely agree. Not quite the "car for the masses". I guess that would be the LR.
I suppose it makes financial sense to milk that cash cow for as long as it works, though. Once Model Y is available in the UK I suspect demand for the M3 will fall off a cliff.

 

[nxsynjs]

At 60K it also drops the M3P right into the AMG C63 price bracket. A quick look on the MB site shows you can get a brand new C63 for 54K(with dealer discount) , which you can add on all the goodies to be under 60K. Given the choice, I suspect a lot of people looking for a fast saloon would go for the C63

As for model Y, I expect that to cost at least 5K more than a model 3, which brings it right into the realms of the big Audi/Jag/Merc EV's plus top line Mach-E's. Now while I am sure the MY will have superior stats it's a tougher fight at that price point

 

[ACarneiro]

If Tesla indeed have a 30% margin on the cars they sell, the model Y could be priced FAR more competitively. It's really up to Tesla's strategy.

 

[Peteski]

Always wondered if the P3D-'s performance was just a LR with the boost.

Initially the P3D and LR AWD had identical motor hardware, so the P3D- was literally an LR AWD with P3 software. Then sometime in 2019 the LR AWD got a slightly lower spec rear motor. So with boost it is still slightly down on P3 performance. But there's not a lot in it.

 

[Sparkeur]

So with boost it is still slightly down on P3 performance. But there's not a lot in it.

I spent some time wondering whether to buy a 3P or LR. In the end, sensible me decided I didn't need a spoiler or different wheels so I went for the LR with Boost. The fact the car was faster 0-60 than my 2009 Jaguar XKR was a source of wonder in itself. For 0.5 seconds, I don't think the difference would push me to a 3P. Now, if Tesla upped the 3P to sub 2.0 seconds....possibly, sensible me would be persuaded.

 

[AnthonyLR]

I went for the LR rather than the P as I test drove the P and scared myself. I also wanted the softer ride. I have just splashed out on the Acceleration Boost for no real reason at all.

 

[browellm]

for no real reason at all.

The best reason

 

[UrbanSplash]

It looks like the BMW i4 is going to have some decent performance (and range). Might be a tough choice if similarly priced to a model 3.

Tesla opening up superchargers will be key to me ditching Tesla.

 

[Mark-R]

I think this graph illustrates why the LR really is a good option in the UK (priced as it is to come under the £50k limit for the UK EV grant of £3k):

In the UK, the LR price is a lot closer to the SR+ price, whereas it is closer to the P price in the US and Canada. In Norway, the LR sits exactly half way between. Prices are from tesla.com on 7 Feb and include grants etc. but not fuel savings.

 

[Peteski]

I spent some time wondering whether to buy a 3P or LR. In the end, sensible me decided I didn't need a spoiler or different wheels so I went for the LR with Boost. The fact the car was faster 0-60 than my 2009 Jaguar XKR was a source of wonder in itself. For 0.5 seconds, I don't think the difference would push me to a 3P. Now, if Tesla upped the 3P to sub 2.0 seconds....possibly, sensible me would be persuaded.

I don't think it's even quite half a second. The P model 0-60 time of 3.1s is quoted with 1 ft roll-out, while all the other models are not. I think a standard LR AWD 0-60 time with 1ft roll-out is 3.9s, so with boost it would be around 3.4s by the same measurement as used for the P model.

 

[Mr H]

It looks like the BMW i4 is going to have some decent performance (and range). Might be a tough choice if similarly priced to a model 3.

Tesla opening up superchargers will be key to me ditching Tesla.

It won't be a tough choice for me.....I've seen the front of the BMW...