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Price increase? [posted 06.16.2022]
- Thread starter Zer0t
- Start date
M3P is only 5k more than lr now. Looks like a no brainer to me.
$58k for a Model 3 AWD and $66k for a Model Y now ? wow. At this rate the Model Y is slowly approaching *above* F150 Lightning / Rivian R1T levels once you factor in tax rebates and will be priced above the Cadillac Lyriq once it comes out.
It’s crazy how rapidly the MSRP of new Teslas are rising. Before ordering my M3LR, I cross shopped it with a lot of other EVs and PHEVs (Ioniq5, EV6, 530e, Mach E), and none came close to the value of a Model 3 (i.e., range, features, charging infrastructure, price); but with these price increases, those other cars will start to be more appealing
scubastevo80
Member
I would buy a P if I wanted another 3 right now. I was due for an upgrade in 2023, but I'm not sure a model 3 is worth $60k to me. I also have a Cybertruck and Lucid Air reservation and really need to think about what to do. My wife's Y is our primary, and my car is used for commuting 3 days a week. May need to find a cheaper EV alternative given prices (and finance rates) have been going up at an unsustainable rate.
E90alex
Active Member
I definitely would have gotten something else at todays prices. I almost didn’t order because it went up $1000 from when I was thinking about it to placing the order in March.
At a little over $50k the Model 3 LR was a good value EV for the features, range, and performance. At nearly $60k it’s much less so and about on par with the AWD EV competition, but most of the competition also qualify for the $7500 tax credit.
yup. BMW i4 minus $7500 tax credit gets you into a well equipped RWD version or into a minimally equipped AWD version at the same price as a Model 3 AWD.
no kidding. I bought mine in 2019 for $49k minus $3500 tax credit...Wow, I got my M3LR in late Feb 2022 for 51K and now the price is 58K
Don't get me wrong, I love the car, but at this price level, I would reconsider now if I were in the market
49.9k December 31st, also the last day and last time the state allowed a $2500 rebate.
I see many comments on “the competition” - good luck with that - from dealers, ccs charging, etc, I just don’t see it (yet). When yet becomes now - Tesla certainly can leverage pricing. Tough path for the slow to adopt.
I see many comments on “the competition” - good luck with that - from dealers, ccs charging, etc, I just don’t see it (yet). When yet becomes now - Tesla certainly can leverage pricing. Tough path for the slow to adopt.
I mean, reconsideration is great. The fewer people order a Model 3, the sooner the people who really want the car will get it. Win-win.
E90alex
Active Member
I ordered the Model 3 LR as a daily commuter. Range is a non issue for me as long as it’s 100+ miles. DCFC speed and availability is a non issue. Dealers are a pain point for sure, but more of a side benefit than a major deciding factor for going Tesla. Not everyone needs the highest stats/specs on paper.
I know my use case isn’t going to apply for everyone but there’s also a lot of people that it does apply to. If people are realistic in how they truly use their car daily instead of buying for the fringe case of “I need max range because I visit my Aunt Sally in the middle of Montana every 3 years” then most will find they don’t need 350+ mile range and wide DCFC network availability.
If the Chevy Bolt or Nissan Leaf or VW e-Golf had AWD options I would have gone for that as a low cost commuter. If the BMW i3 had AWD or at least non specific bicycle tires I would have considered that too. But I wanted AWD since we do get occasional snow and the Model 3 was the best value at the time of my order. ID4 AWD was about the same price but much less range and performance so given similar cost I went with Model 3. If they made a Model 3 SR AWD with LFP I would have gone for that as well.
GenSao
Member
@Two-rocks It was $58,990. Here is a graph with the recent price increase.
Chart shows trims available to order online in US. Off the menu (OTM) trims (dashed) available only in store or by phone. Link to data.
I had a BMW i3 (94Ah battery) and it was the perfect in-town city car with a surprising amount of interior and cargo space (goes to show what automakers can do when they focus on function > form and take advantage of the architecture of an EV - i.e., being able to extend the wheelbase for lack of ICE up front). The later/final models got a 120Ah battery so range was ~150 miles which is more than enough for most people’s daily needs. But yeah, the bespoke bicycle tires at $200+/each was off putting.
That tax credit is huge and effectively reduces the purchase price of an EV, which is another selling point for not getting a Tesla
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