Tam
Well-Known Member
As a Tesla owner and enthusiast, I've got to say, the recent Tesla price cuts this year have me scratching my head. While I'm all for making EVs more affordable and accessible (the ultimate goal), I feel that these drastic cuts have seriously dented the resale value of used Teslas. It feels like those who invested in the brand just last year, and prior, are taking a massive financial hit. Personally, I bought a used 2018 Model X P100D for $84,500 last July 2022 (Although the used market was a bit high at the time), and now I'm seeing its value plummet to around $50,000 or even less!
I'm curious to hear your thoughts. Are you feeling the pinch of these price cuts on your Tesla's resale value too? Do you think Tesla should have rolled this out differently to protect current owners? Let me know what you all think.
Tesla wants to protect its investors even if at the consumer expense.
The competition heated up, Tesla's demand went down, its stock price plunged from $300 in October down to $100 in December.
It's a growth stock and investors don't like to hear the decrease in demand.
Thus, Tesla reinstated Referral program in addition to price cutting.
As a result, the demand is back, the stock climbed back up to almost $250.