Price Drop of $2k on M3P+

[UngaBunga1989]

Has anyone else noticed that the price from Tesla for a fully loaded M3P+ (multi-coat paint, white interior, EAP) has dropped by $2,000? I just configured the same car that I took delivery of on 12/28. Price was $73,700 with Docs and Destination Fee and now is $71,700. Obviously Tesla has decided to "share" some of the reduction in Federal Tax Credit from $7,500 to $3,750. I did not see if pricing changed on any other configurations...

 

[vjason]

P3D LR base price went down $2K as well.

 

[UngaBunga1989]

P3D LR base price went down $2K as well.

Although it is "only" $2,000, that represents a reduction of pure profit margin to the Company. The amount was set at a very savvy level IMHO as it still makes those customers who acted before the 12/31/18 deadline come out "ahead" by $1,750 but also stimulates sales demand with slightly lower pricing...

 

[RoccoX]

Seems like all Model 3's saw the price drop!

 

[ItsNotAboutTheMoney]

Seems like all Model 3's saw the price drop!

The question is, did they cut the price of the car, or the price of the PUP?

Bad: reduces margin; still no SR
Good: positive signal on 2018Q4 margins

 

[HG Wells]

Was it reduced in EU, Canada or just US?

 

[chrisschorsch]

Prices are unchanged in EU for S/X as well as for 3.

 

[pipestem]

Sneaky bastards trying to make money the American way ! Now I can only say that I saved $1750. You know this fading of the credits might not hurt Tesla after all.

 

[khaliq]

Any chance of Tesla refunding buyers who just purchased an M3P+ a week ago?

 

[UngaBunga1989]

Any chance of Tesla refunding buyers who just purchased an M3P+ a week ago?

Good luck with that. Probably cannot hurt to ask!

 

[turtlesz]

Market thinks this is bad news, stock taking a beating between lower than expected numbers and the price drop.

 

[johnster007]

Any chance of Tesla refunding buyers who just purchased an M3P+ a week ago?

Hmmm. You want the entire tax credit and the lower price?

 

[jjrandorin]

Any chance of Tesla refunding buyers who just purchased an M3P+ a week ago?

Why would they? Because you only save 1750 over the people who buy now, instead of 3750? If I was Tesla I would patiently explain that "well you purchased last week so will be getting the full tax credit, so your effective price is $1,750 lower than everyone who is buying now, so unfortunately we will not be able to refund any monies paid".

What argument would you even use to try to justify it? Completely different than the performance upgrade package debacle, as in that case the price actually DID change, somewhat arbitrarily, and people actually DID pay more. Anyone purchasing last week is paying less.

 

[khaliq]

Hmmm. You want the entire tax credit and the lower price?

I know what you’re saying, but shouldn’t we care about the purchase price at the end of the day? A federal tax credit isn’t the same thing as a reduction on the vehicle price. But that’s just my opinion here.

 

[cypho]

Any chance of Tesla refunding buyers who just purchased an M3P+ a week ago?

Tesla lets you return after 3 days if you regret. You could return your car and order a new one.

Looks like the S and X may be 2,000 cheaper as well.

Anyone who ordered yesterday, may deserve to get the new price, but

 

[cypho]

... people who got the full tax credit don't seem to have much ground to complain.

 

[Daniel in SD]

How do I get my $2k refund?

 

[Needsdecaf]

Tesla specifically said that the $2k drop was to help customers who missed out on the $3,750 of the tax credit that went away yesterday. So I can't see why they would feel obligated to refund anyone who took delivery before then.

 

[ewoodrick]

How do I get my $2k refund?

Why would you expect a refund when your total cost was $1750 lower last year?

 

[ewoodrick]

I know what you’re saying, but shouldn’t we care about the purchase price at the end of the day? A federal tax credit isn’t the same thing as a reduction on the vehicle price. But that’s just my opinion here.

You should care about the total purchase cost. You will be getting your tax credit in possibly 6 weeks. The folks that buy this year will have to wait 58 weeks.

Sure, there's 150,000+ people that would like a $2000 check, but do you expect Tesla to spend $300M+ in rebates?