Price drop on Model 3 Performance of 1k - now 52,999 [posted on 04.07.2023]

[Retrospected]

Another price drop of the model 3 performance, now you can get it in red/black and keep it under the 55k. For people like me who placed the order and awaiting delivery, I wonder if they would change the price. Doesn't seem like it, considering that's what I signed for.

 

[EVRider-FL]

Model S dropped $5k. If you don’t have a VIN yet, you should get the new price. Not sure what happens once you have a VIN, but you can always cancel and reorder even if you lose $250. Check your order in the app or online. Some of us with an S on order got an updated order confirmation email today that still shows the old price, but the account shows the new price.

 

[chado]

From my experience as long as you haven't accepted delivery yet you will get the cheaper price

 

[Retrospected]

From my experience as long as you haven't accepted delivery yet you will get the cheaper price

You're right. They resent an invoice today and redid financing with the updated price.

 

[tm1v2]

Nice, I'm glad to see some good M3P pricing for you. M3P base price was $57,990 for me in October 2021. That wasn't peak M3P pricing by any means but $52,990 is a really solid deal for a sedan this fun and fast, and with all the EV+Tesla goodness. Enjoy the car and the unexpected savings!

 

[jjrandorin]

Nice, I'm glad to see some good M3P pricing for you. M3P base price was $57,990 for me in October 2021. That wasn't peak M3P pricing by any means but $52,990 is a really solid deal for a sedan this fun and fast, and with all the EV+Tesla goodness. Enjoy the car and the unexpected savings!

Im pretty sure my own model 3p was pretty close to peak pricing.

Of course, I did also get 7500 at the time, and some state and local incentives, the total of which added up to about 10k or so... or a little bit more than the taxes I paid on this vehicle that are not shown here (lol). This car was either 77 or 78k out the door, then about 10k back.

People are getting the same car now for 53k with autopilot included. I only bought EAP at the time because it was EAP or nothing (no autopilot included back then).

If it sounds like I am complaining, I am not, The only thing that annoys me, frankly, is all the people who jump online to complain about price drops as if they are somehow "owed" some promise that no one else will ever pay less.

 

[browny00]

Im pretty sure my own model 3p was pretty close to peak pricing.

View attachment 926012


Of course, I did also get 7500 at the time, and some state and local incentives, the total of which added up to about 10k or so... or a little bit more than the taxes I paid on this vehicle that are not shown here (lol). This car was either 77 or 78k out the door, then about 10k back.

People are getting the same car now for 53k with autopilot included. I only bought EAP at the time because it was EAP or nothing (no autopilot included back then).

If it sounds like I am complaining, I am not, The only thing that annoys me, frankly, is all the people who jump online to complain about price drops as if they are somehow "owed" some promise that no one else will ever pay less.

Well said. Especially on the S/X and for someone who can afford a $100k+ car...

I lost $1k on my order from 2 weeks ago, but if I factor depreciation on new vehicles I got into this knowing I am losing $10k as soon as I hit the accept/unlock button and another $5k by the time I make it home.

 

[3sr+buyer]

Tesla car price history spreadsheet:

Tesla Car Price History

2024 2024 History 2024 Trim,Max Range (EPA),Top Speed,0-60 Acc.,Max Tow Capacity (US),Pre-2024 Intro. Price,2023 EOY Price,Intro of M-3 Highland,M-3 LR $1K Increase,M-Y RWD & LR $1K "Temp" Price Cut,M-3 LR $0.5K Price Increase,M-3 LR $0.25K Price Increase,End M-Y RWD & LR "Temp" Price Cut,M-Y E...

docs.google.com

For April 6, 2023:

• Model 3 (Standard Range) RWD: $42,990 -> $41,990
• Model 3 Performance: $53,990 -> $52,990
• Model Y (Standard Range) AWD: $51,990 -> $49,990 and no longer "off the menu"
• Model Y Long Range AWD: $54,990 -> $52,990
• Model Y Performance: $58,990 -> $56,990
• Model S Long Range 100D: $89,990 -> $84,990
• Model S Plaid: $109,990 -> $104,990
• Model X Long Range 100D: $99,990 -> $94,990
• Model X Plaid: $109,990 -> $104,990

I.e. all available Model 3 -$1,000, all Model Y -$2,000, and all Model S and X -$5,000.

 

[GenSao]

Im pretty sure my own model 3p was pretty close to peak pricing.

Pretty close. Intro price was $78K. No once paid that price as it was reduced to $69K; including the initially mandatory “Performance Upgrade Package” which later were optional. Later on the “Performance Upgrade Package” was included in the $64K price.

I debated on how to show it on the graph below. Ultimately I used OTM P- to show the difference. The option to remove the “Performance Upgrade Package” came back 2019 to early 2020.

Before the supply constraint in 2021-22,Tesla was on the path to reducing car prices. Looks like they are back on track.

 

[holeydonut]

Im pretty sure my own model 3p was pretty close to peak pricing.

View attachment 926012


Of course, I did also get 7500 at the time, and some state and local incentives, the total of which added up to about 10k or so... or a little bit more than the taxes I paid on this vehicle that are not shown here (lol). This car was either 77 or 78k out the door, then about 10k back.

People are getting the same car now for 53k with autopilot included. I only bought EAP at the time because it was EAP or nothing (no autopilot included back then).

If it sounds like I am complaining, I am not, The only thing that annoys me, frankly, is all the people who jump online to complain about price drops as if they are somehow "owed" some promise that no one else will ever pay less.

Don’t forget you paid extra for your wall connectors too compared to today’s prices

Inflation? What’s that?

 

[afadeev]

Before the supply constraint in 2021-22,Tesla was on the path to reducing car prices. Looks like they are back on track.

Based on Elon's 1Q'23 comments, COGS, or supply chain, or inflation, have little to do with Tesla price strategy.
Tesla adjusts prices to match demand to supply, tweaking the former (via pricing) to be a tad above the latter.

Tesla's forward looking strategy is to capture market share via price reductions, and accept lower margins in return. Supply constraints and COGS don't figure into the discussion.
One may, or may not, agree with that strategy, but it is what it is:

Tesla Gross Profit Margin (Quarterly) Analysis | YCharts

In depth view into Tesla Gross Profit Margin (Quarterly) including historical data from 2010, charts and stats.

ycharts.com

Inflation? What’s that?

It's something that presently has nothing to do with Tesla's pricing strategy.
If anything, commodity materials inputs costs have been declining, as of late.
More here, from Elon:

a