Model Y Not Worth the Price Now [Nov 2022]

[cdub]

I actually just cancelled my order (my VIN was assigned) unfortunately because of the tax credit kerfuffle. I'll reorder when the price becomes more reasonable. I'll also check out the used options.

 

[texas_star_TM3]

I actually just cancelled my order (my VIN was assigned) unfortunately because of the tax credit kerfuffle. I'll reorder when the price becomes more reasonable. I'll also check out the used options.

Good call. Especially once the face lifted Model 3 LR comes back out and likely just under $55k to qualify… arguing that the Model Y is worth $10k more than the 3 is hard… given that both vehicles are nearly identical with a tad more ground clearance and cargo rear seat room in the Y (meaningful when most cars on the road aren’t even occupied by 2 people on average)

 

[Tonedog77]

Good call. Especially once the face lifted Model 3 LR comes back out and likely just under $55k to qualify… arguing that the Model Y is worth $10k more than the 3 is hard… given that both vehicles are nearly identical with a tad more ground clearance and cargo rear seat room in the Y (meaningful when most cars on the road aren’t even occupied by 2 people on average)

You get a ton more space in the Y lol. Also a ton more practical because of the hatch alone. You’ll be waiting a long time for the refresh

 

[systemr]

So, Tesla themselves have spoken today. It's now $1k less than when I ordered back in sept 2021.

 

[WindPower]

A drop of $13,000 on the base Y from $65.9 to $52.9k (from Electrek).

At $52.9, in my opinion, the Y makes sense again.

 

[ord3r]

And the ayes have it folks. Good poll/discussion.

 

[Magnus0322]

A drop of $13,000 on the base Y from $65.9 to $52.9k (from Electrek).

At $52.9, in my opinion, the Y makes sense again.

You mean the MYLR is $52990 because the base MY is $50990

 

[Tonedog77]

model y LR now 45k after tax rebate INSANITY

 

[Hiline]

model y LR now 45k after tax rebate INSANITY

If the buyer’s income qualifies for the rebate, that is.

 

[CHILLIBAJJI]

where are all those fanboys!!

 

[Tonedog77]

If the buyer’s income qualifies for the rebate, that is.

i mean most will lol

Adjusted Gross Income Limitations​

1. $300,000 for married couples filing jointly
2. $225,000 for heads of households
3. $150,000 for all other filers

 

[Hiline]

i mean most will lol

Adjusted Gross Income Limitations​

1. $300,000 for married couples filing jointly
2. $225,000 for heads of households
3. $150,000 for all other filers

Most of whom? Not everyone is going to look to buy a new EV.

 

[DrGriz]

Most of whom? Not everyone is going to look to buy a new EV.

More people today than yesterday.

 

[nate704]

where are all those fanboys!!

Driving their Tesla cars I guess?

 

[pcgqr1]

Not worth it even now until they match China price of $37,999.

 

[CHILLIBAJJI]

lol ... now we ALL can agree that they will sell all they make at these prices!

 

[texas_star_TM3]

lol ... now we ALL can agree that they will sell all they make at these prices!

which is still awful news for the stock.

Wall Street expected Tesla to sell all their cars they make in 2023 ... they still do expect that but the price for the cars sold just got much lower.... hurting EPS

 

[Hiline]

which is still awful news for the stock.

Wall Street expected Tesla to sell all their cars they make in 2023 ... they still do expect that but the price for the cars sold just got much lower.... hurting EPS

Production cost is also going to be lower. Overall profit margin will be smaller but the smaller margin will be made up for by quantity. Looks like Tesla’s market share dominance is going to be extended for another few years.

 

[texas_star_TM3]

Production cost is also going to be lower. Overall profit margin will be smaller but the smaller margin will be made up for by quantity. Looks like Tesla’s market share dominance is going to be extended for another few years.

how are they magically going to produce MORE cars than they already projected for 2023 ? is there a secret factory coming online investors don't know about?

 

[cdub]

I actually just cancelled my order (my VIN was assigned) unfortunately because of the tax credit kerfuffle. I'll reorder when the price becomes more reasonable. I'll also check out the used options.

Wow I made a good choice!

Still weighing reordering vs buying a cheaper used. With this price drop the $2000 CA rebate comes back into play too.