Musk’s Greed exposed! Now that the Tesla demand has dropped and inventory is high; He dropped the prices considerably while still making a lots of 💰

[Eto Demerzel]

That explains the price drop on the Y 5 seater. But not the 3, and certainly not the S and X.

They had to drop 3 prices to maintain the gap to the Y, or the price reduced Y would cost the same as the 3.
Tesla simply put themselves into tax credit eligibility and for sure, they will sell masses of them now.

 

[MY1stEV]

That explains the price drop on the Y 5 seater. But not the 3, and certainly not the S and X.

Technically before the price drop, only the 3RWD qualified, now the 3P qualifies too. The price drop on the 3RWD was minor (6.4%), and probably positions it better to compete against the IONIQ 5/Niro which are also in the low $40k range.

The S and X price drops are probably because of growing inventory.

New Model S Inventory Levels

New Model X Inventory Levels

 

[nate704]

this is why it is not a good idea to let high school kids to buy anything. Always complain and always entitled.

 

[Yelobird]

That explains the price drop on the Y 5 seater. But not the 3, and certainly not the S and X.

Just a guess but I suspect the X and S price drop was to put the final death blow into Lucid, Fisker, etc in that category.

 

[henderrj]

In defense of a single large drop in price. It's great pr! Tesla got a ton of Free press for this. And, free press has been Tesla's only advertising mode for a long long time.

As to greed, I would say that Elon musk's number one greed is for fame. What the ancient Romans used to call honor. To get his name in the papers, to get people to say what a great guy, means way more to him than any amount of money. He will give up billions to get that recognition. Twitter anyone?

 

[2022S-LR]

Musk made another calculated move.

“Pioneered by Theodore Wright in 1936, Wright’s Law aims to provide a reliable framework for forecasting cost declines as a function of cumulative production. Specifically, it states that for every cumulative doubling of units produced, costs will fall by a constant percentage.”

So going by that proven fact ,
every doubling of production, and battery cost will go down by approximately 28% . So , a discount on the highest produced car (MY) of 20% makes sense . A greedy Manufacturer would just keep raising their prices, change the body design every four years , inside trade their shares , run their company into billions of dollars of debt, wait you your tax dollars to bail them out. Wash Rinse , repeat .
Musk may have angered a few short sighted folks (sorry no kid gloves ) , but in fact , just drove the inflation factor on cars in the opposite direction . Did humanity a solid

 

[scratch]

Here's the case for saying Musk is greedy.

- Dropping the MYLR price puts the entire Ford MME (comparably equipped starting at $68k) in jeopardy. The discrepancy is large enough Ford could lose more than half their MME sales for the year.

- Dropping the M3P price puts a target on the back of the upcoming Dodge Charger EV. As a first generation EV, it has to outperform the M3P, likely at a similar price point. Good luck.

- Dropping the M3LR price puts pressure on VW, Hyundai and BMW EVs, which are selling for around the same price with fewer features. They will be losing a significant part of their customer base that couldn't previously afford a Tesla.

- Porsche, Audi and others could care less, but, then again, they're not selling too many EVs.

- And Chevy probably thinks the Tesla price drop is a good thing because occasional mentions of the Bolt in Tesla articles generate a lot of earned media for an otherwise unremarkable and obsolete vehicle. This frees their executives up to concentrate on Silverados.

Musk is creating intense pressure on competitors at a time when they are trying to achieve economies of scale. Conceivably, one or more could cease production after this year, giving Tesla an even greater share of the market. He's leg sweeping everyone and reaping the benefits.

If it's greed, it's brilliant, spectacular greed for the scope and magnitude of it's impact. Ford, in particular, had a lot to do with the SUV classification in the IRA, seeing MMEs stop production would be schadenfreude.

 

[johnnycnote]

Here's the case for saying Musk is greedy.

- Dropping the MYLR price puts the entire Ford MME (comparably equipped starting at $68k) in jeopardy. The discrepancy is large enough Ford could lose more than half their MME sales for the year.

- Dropping the M3P price puts a target on the back of the upcoming Dodge Charger EV. As a first generation EV, it has to outperform the M3P, likely at a similar price point. Good luck.

- Dropping the M3LR price puts pressure on VW, Hyundai and BMW EVs, which are selling for around the same price with fewer features. They will be losing a significant part of their customer base that couldn't previously afford a Tesla.

- Porsche, Audi and others could care less, but, then again, they're not selling too many EVs.

- And Chevy probably thinks the Tesla price drop is a good thing because occasional mentions of the Bolt in Tesla articles generate a lot of earned media for an otherwise unremarkable and obsolete vehicle. This frees their executives up to concentrate on Silverados.

Musk is creating intense pressure on competitors at a time when they are trying to achieve economies of scale. Conceivably, one or more could cease production after this year, giving Tesla an even greater share of the market. He's leg sweeping everyone and reaping the benefits.

If it's greed, it's brilliant, spectacular greed for the scope and magnitude of it's impact. Ford, in particular, had a lot to do with the SUV classification in the IRA, seeing MMEs stop production would be schadenfreude.

 

[2022S-LR]

Here's the case for saying Musk is greedy.

- Dropping the MYLR price puts the entire Ford MME (comparably equipped starting at $68k) in jeopardy. The discrepancy is large enough Ford could lose more than half their MME sales for the year.

- Dropping the M3P price puts a target on the back of the upcoming Dodge Charger EV. As a first generation EV, it has to outperform the M3P, likely at a similar price point. Good luck.

- Dropping the M3LR price puts pressure on VW, Hyundai and BMW EVs, which are selling for around the same price with fewer features. They will be losing a significant part of their customer base that couldn't previously afford a Tesla.

- Porsche, Audi and others could care less, but, then again, they're not selling too many EVs.

- And Chevy probably thinks the Tesla price drop is a good thing because occasional mentions of the Bolt in Tesla articles generate a lot of earned media for an otherwise unremarkable and obsolete vehicle. This frees their executives up to concentrate on Silverados.

Musk is creating intense pressure on competitors at a time when they are trying to achieve economies of scale. Conceivably, one or more could cease production after this year, giving Tesla an even greater share of the market. He's leg sweeping everyone and reaping the benefits.

If it's greed, it's brilliant, spectacular greed for the scope and magnitude of it's impact. Ford, in particular, had a lot to do with the SUV classification in the IRA, seeing MMEs stop production would be schadenfreude.

Here’s a visual of what you greatly pointed out

 

[Msicario]

Elon is greedy because he is selling cars for CHEAPER... next news, Santa is even more greedy. He is GIVING away toys for FREE to little boys and girls!!!

What has the world come to?? And when will it ever end?

Santa was over charging for toys the last three years now claiming they are free but their not.. Santa still