Price Drop $1,100

[gilscales]

Tesla just dropped prices on all cars by $1,100 due to referral program going away

 

[commasign]

Cue the angry mob that bought theirs for $44k yesterday.

 

[McFlurri]

Wonder if its also been dropped by $1300ish CAD... or if it's just for the US of A

 

[Tz00]

$1500 drop in Canada.

 

[gilscales]

getting closer to 35K! at $42,900 minus the $3,750 federal tax credit if delivered before June, brings it down to $4,150 for a larger battery with approximately 23% more range AND the premium upgrade package, why would anyone wait until after June for the stripped short range? oh I forgot that if it is delivered this year then still $1,875 in Federal tax credit so $6,025 still seems like a good deal for the upgrades though

 

[gilscales]

$1500 drop in Canada.

thats a lot of loonies!

 

[ebmcs03]

OMG! Always price drop. Never buying Tesla again.

 

[SoCalGuy]

My car is $2500 cheaper than it was when I got it in October. Upside is I have free premium internet for life and silver metallic, downside is it cost me $2500 more :/

 

[kengchang]

Looks like this is the final nail on the coffin for referral program. RIP

 

[MXWing]

Looks like this is the final nail on the coffin for referral program. RIP

I’ll be curious if the youtubers change their stripes with the referral program over.

 

[kbecks13]

My car is $2500 cheaper than it was when I got it in October. Upside is I have free premium internet for life and silver metallic, downside is it cost me $2500 more :/

You got $3750 more in tax credit, it's cool

 

[adhoc]

Cue the angry mob that bought theirs for $44k yesterday.

hopefully their refund will include sales taxes collected!

 

[adhoc]

does anyone understand tesla’s logic to reach profitability?

it would seem to me demand is still present pre price reductions,
and clearly layoffs indicate belt tightening, but hey, let’s knock
2.5% off the top line of our best selling item???

 

[hingisfan]

If I've confirmed an order before the price drop, but haven't taken delivery yet, do I get the lower price?

 

[kbecks13]

it would seem to me demand is still present pre price reductions,

What are you basing that on? Obviously they understand price elasticity and will not reduce prices without a darn good reason.

 

[Goodbyegas]

They won’t actually do refunds for recently purchased right?

 

[kev1n]

with all these price drops, it makes me wonder what the margin is

 

[commasign]

If I've confirmed an order before the price drop, but haven't taken delivery yet, do I get the lower price?

No harm asking! Just speculating, but they might make you decide between getting the new price or the free 6 months (or 9 months) free supercharging if you had used a referral code.

 

[adhoc]

What are you basing that on? Obviously they understand price elasticity and will not reduce prices without a darn good reason.

sales! (and corp reports)

it would appear they DON’T understand price elasticity,
given the 3 is topping most all categories in comparison
with other manufacturers promised models, delivered today!

given the PUP/FSD refunds,
it’s clear they hiccup more than swallow!

so maybe you can elaborate how layoffs & price reductions
embolden the corporate bottom line?

 

[kbecks13]

Sales can always be higher, what is the limiting factor? At a certain point it is no longer your factory and then you must do things like expand to different markets (i.e Europe) and start to reduce price (i.e Mid-Range) to attract new/additional customers. They aren't stupid and giving away free money, Elon is a little better than that (unless Fred tweets about a refund of course)

Also, what PUP/FSD refunds? Only one i'm aware of is the $5K for early performance buyers and that was with a trade-off for supercharging.