Gotcha. I thought you meant you couldn’t get the tax credit on any inventory vehicles, even ones below $80k. There were ones below $80k near me but they have all since sold. But ordering one wouldn’t take much longer so no real difference. Obviously if over $80k (inventory or custom order) isn’t eligible.
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Prediction: Model X price will be reduced to $78K in January 2024
- Thread starter Sunshine Speed
- Start date
You can't. Up until this week, there weren't any Model Xs with an MSRP under $80,000. The only ones with an MSRP under $80k must be ordered. I just ordered the UltraRed, unfortunately with Black interior, but the "Bearded Tesla Guy" responded to me and said the cold seat ventilation works very well, so I will live with it.
Saw the price drop for the MX last week and was ready to order. But I didn’t realize it is 5 seat standard. LOL. Only reason for me to get a MX is for the 3rd row. Hopefully Tesla drops price again. At least enough to get the 7 seat with tax credit.
$79K + $3.5K (for 7 seat option) is not enough of a price drop????? Also, if you need 6 seats, there's only a $3K price difference between LR and Plaid.
That's really smart. I hadn't thought of that, Tesla could make the software limit so drastic that everyone would obviously pay afterr the fact to unlock it. Like what if they sold all their cars for $15k less with a $15k post purchase price to unlock the software. Just software lock the car to 20 miles of range.
And to be fair, this isn't a new idea. They've done this many times in the past with other hardware configurations that they software limit like with the battery and currently with fsd.
Same here, if they were to make 7 seats standard for 79k to be eligible for tax credit , I would buy now!
Lol my neighbor across the street who I thought I had talked out of Tesla just got an inventory-Model-X. He said he didn't care if these things stall out while driving. It's so cheap, it's worth the risk to his kids hehe.
Yeah but usually they lock it to a reasonable mileage so that people on a budget can buy the car as-is. Usually it still has above 250 miles of range. The problem is that can lead to negative margins if you price it too low and not enough unlock the software. That's why doing this with an egregiously low mileage solves that issue. Sell it with 50 miles so everyone will pay to unlock
Tessellation
Member
Any prediction for the end of 4th quarter promotion in December? Would it be more discount than current price offer?
Super_Popular
Well-Known Member
I am hoping for any incentive the only issue is that if you wait until the end of the year it will be slim pickens since that dont make that many X's
Yes, my prediction is another $2000 drop in Model X price by December. Detailed predictions:
- Inventory of Xs will keep rising due to economic slowdown and interest rates staying high and Model Y being a great car for way cheaper.
- Tesla orders and secures more materials for the 3rd row seats, and also white interiors, to prepare for high volume.
- Tesla drops the 3rd row seats cost from $3500 to $2000.
- Tesla drops the base price of Model X by $2000 down to $77,990.
- Now anyone can order the 7 seater with black interior, or 5 seater with white interior, and stay under $80K.
Do you think the credit the MX qualifies for in 2024 will be the full $7,500 or will it be reduced to $3750. Tesla website says reductions to the credit are likely in 2024. I feel like they are basically saying the Model X battery doesn’t meet the more stringent requirements the EV tax law requires in 2024 vs the current rules in 2023
YellowJacketMS
Member
It's actually not a huge difference.
To qualify for the full tax credit today, 40% of battery minerals and 50% of battery components must be produced in North America. To qualify for the full tax credit in 2024, 50% of battery minerals and 60% of battery components must be produced in North America.
It's probably a combination of more of the components coming from overseas in the future, and they are close to that % already now. They probably also want to drive urgency to buy now.
I don't see another price reduction coming on the X. They had to take a huge hit on their profit margin to get it down to $7990, and the sole purpose of that was to meet the tax credit eligibility. They even had to throw in the free paint colors to include the $3000 Ultra-Red. Not much room for additional profit cutting. Additionally, I think they will see enough sales volume with these cuts to make it worthwhile. I know at least 10 people who have ordered a new Model S or X since the price cuts. With my CYBRTRK coming next year (Oct/Nov), I would have held onto my 2023 MYP with 27k miles, but the X in Ultra was just too tempting. I've had two Xs before and miss the luxury and convenience. I also think that early next year as the interest rates are cut, and car sales are back up, the S and X prices will increase in price next year, so I expect to have a car that appreciates. That happened with my 2022 MY. I sold it for $8k more than I paid for it. So it's on to Tesla #10.
And NO. The seven-seater X is a $3500 option and brings the X price to $83490.
I don't see this. There is simply too much competition. Before these price cuts, the BMW iX was a better deal and BMW is throwing $20-30K of incentives at them on top of that. And the sales are surging for it.
US: BMW BEV Sales Surged 10x To New Record In Q2 2023
BMW battery-electric vehicles sales - currently i4, i7 and iX models - in Q2 amounted to 11,376, which is 952% more than a year ago and a new quarterly record.
insideevs.com
Now you have the R1S that has ramped up (3K per month I think), the EV9 arriving in 2-3 months, the Lyriq that will ramp up in numbers too... I don't see EV prices rising again. I foresee a cheaper Model X in the future... maybe RWD without the gull wing doors. Sub $70K.
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