TBrownTX
Active Member
We need a 2 trillion dollar study to determine the cause. No worries, the government can just print the money.
Tim
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Prices are slowly going up?
- Thread starter nlam514
- Start date
We need a 2 trillion dollar study to determine the cause. No worries, the government can just print the money.
Tim
TheRFMan
Member
The only model eligible for a rebate in Canada is the SR+ as well, and over 80% of Model 3's sold here are SR+. With the excellent Tesla stability control software, RWD is fine with proper winter tires.
I've noticed that official accessories have also bumped up recently.
Knightshade
Well-Known Member
Folks in the northeast bought RWD cars just fine for most of the 20th century- they knew to just put decent tires on em and not drive like idiots.
Meanwhile there's folks up there zipping around in winter on all-seasons thinking AWD will save em.
RWD+Snows > AWD+all seasons.
Meanwhile there's folks up there zipping around in winter on all-seasons thinking AWD will save em.
RWD+Snows > AWD+all seasons.
Tesla is hurting for money now that bitcoin has crashed (again). It can't keep showing profits based on cryptocurrency appreciation. Need more money when selling a production constrained product? Raise the price arbitrarily!
Nonsense.
There's an ENORMOUS shortage of both new and used cars.
Rental car companies are all sold out for popular areas for the holiday weekend. They're desperate and buying used cars to rebuild their fleet.
Demand is extremely strong.
All car companies are raising prices Don't expect the classic Memorial Day car deal this weekend
If a company doesn't recognize market forces and adjust prices they deserve to go out of business.
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Knightshade
Well-Known Member
...wut?
Tesla has like 17 billion dollars in cash sitting around.
Tesla can not count any appreciation in BTC unless it sells it.
Which they have only done once, ever, so far and only a tiny fraction of their holding, representing only a tiny fraction of profit for that one quarter.
Seems a lot more systemic than arbitrary- and seems squarely aimed at capturing some of the coming refreshed EV tax credit.
Remember Tesla kept walking prices DOWN as the tax credit got smaller and eventually expired. They're just partly reversing that ahead of a new one.
According to the latest data auto sales have peaked. Not surprising since most people eligible for stimulus checks have received and spent that money by now. Also half the states are discontinuing unemployment benefits early at a time when jobs growth is slowing, especially for jobs paying more than min wage. This will further dampen consumer spending given those employment benefits were a lot higher than min wage for those states allowing for much higher discretionary consumer spending. Rent moratoriums are also ending in 6 weeks. April home sales were also surprisingly lower than expectations. Should see deflationary effects in the coming months coinciding with the Feds view this pocket of inflation was a one off and the economy has a long way to go. I would be surprised to see a marked fall in auto prices by the end of summer.
Cash ≠ profit
Cash = debt
Probably why they stopped accepting a depreciating currency as a form of payment. Selling Bitcoin to make a quarterly profit as an auto maker is a loaf of baloney and Wall Street reacted appropriately.
It was just enough to make them profitable. Without the BTC sale, Tesla would have been IN THE RED for the quarter. That's disturbing.
The only thing systemic about Tesla's nonsensical price maneuvers is Elon's aspergers.
There is currently no "refreshed EV tax credit" and will not be unless Biden's infrastructure plan passes Congress. Right now it seems unlikely. I wouldn't bank on any credits at this time. Anyone buying a Tesla expecting a credit is gambling with an unlikely scenario.
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Knightshade
Well-Known Member
Not sure why you say that.
Democrats have 1 more use of reconciliation left this year
it's going to be used to pass the infrastructure bill... though specifics aren't done yet.
Instead we'll get another few weeks at least of kabuki theater as the republicans pretend they're interested in "negotiating"
Eventually the democrats will decide the play acting went on long enough, point out there's no compromise to be had with the other side, throw a few bones in the final bill to Manchin, and pass it with 50 votes in the senate and VP Harris breaking the tie.
It's gonna have SOME version of a revised EV tax credit in it.
Likely a refundable or POS one, likely with a significantly higher/longer lifespan, and likely with a cap on value to exclude super expensive cars (or an income cap)
I wouldn't buy a car and bet on a tax credit based on how I think Joe Manchin and Kyrsten Sinema are going to vote. It may very well happen, and I hope it does, but any talk of this is premature and folks buying cars counting on this credit smacks of wishful thinking. To each their own.
Knightshade
Well-Known Member
I already own a car, and got the full tax credit on it.
I was just pointing out the most obvious reason for Tesla raising prices.
I bought LR w Accel Boost and now after 4K miles selling it to get P. The acceleration is still noticeable on P and cornering is night/day. Thankfully it’s a T so my resale is only losing money on taxes paid.
Carmax has ‘21 MY with 4K mikes for $64,500.
first in secondary auto market history for current year resale?
MLXXXp
Member
For a while, the increased value of the Canadian dollar more than offset the need for a price increase but now that the dollar value has fallen there's a chance the prices may go up.
Red paint was never $1000. It was always $2000.
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