Tesla drops prices on X/S $20k. All colors free. Bye bye resale

[WilliamG]

Well, it's been said the best car is the one you have.

Although the R3 looks compelling...

The second the R3X preorders go live, I’m in.

 

[aerodyne]

The second the R3X preorders go live, I’m in.

What's the best Rivian message board?

Back on topic...Edmunds says my car is worth 66k private party...

 

[WilliamG]

What's the best Rivian message board?

Back on topic...Edmunds says my car is worth 66k private party...

Not really active on any boards, but I'm registered on rivianforums.com

 

[NeuroRad]

Yeah but realistically even if I, say, wanted a 2024 to get a new car with new, fancy seats (and my goodness do I want them), it’s not worth paying $88k+$8K FSD+$1500 blue color + TTL to get there again. That’s over $30K…

I’ve been mulling this over as well. With the giant price cuts financially its not a terrible deal (id never buy fsd). The issue is you’re entering a panel lottery like you’re buying a crappy samsung tv. You don’t know if you’re car will be put together correctly, if it will be aligned correctly etc. could end up with a worse car than current

 

[ucmndd]

TLDR: It's not about making money, it's about making a sound financial decision and then being blindsided by Tesla.

Tesla doesn’t set prices, the market does.

Buying a new car at the height of a massive bubble is not a “sound financial decision.” Buying a new car rarely if ever is, bubble or not.

Blaming an automaker - whose literal job is to sell cars at a price the market will bear - for your bad financial decisions is ludicrous (pun intended).

So many people out there looking for someone to blame but can’t stand to look in the mirror…

 

[P90D]

What's the best Rivian message board?

Back on topic...Edmunds says my car is worth 66k private party...

I don't think there is a "best" Rivian board, they're all still in the early days of Tesla forums … post a harsh word and get 1000 posts shouting you down … a lot of hero worship and $RIVN "it will be $175 again, just you HODL like the rest of us!"
I'd say Reddit is the quickest with news and most lively.

https://www.reddit.com/r/Rivian/

generic:

Rivian Forums - R1T & R1S Owners, News, Discussions, RIVN Stock

R1T & R1S Owners, News, Discussions, RIVN Stock, chat, talk

www.rivianforums.com

mostly duplicate content:

Rivian Forum – Rivian R1T & R1S News, Pricing & Order...

Rivian Forum - Rivian R1T & R1S Community and Owner’s Club

www.rivianownersforum.com

What I use is a folder of tabs that open with social media searches.
I've given up on instagram (all advertising and aspiring social media stars.)
The one I use for Rivian is twitter.

https://twitter.com/search?q=Rivian&f=live

(click on "Top" and "Latest" for different results)
There's one moderately active facebook group. I don't follow it much, it's all derivative of whatever has already happened in the subreddit.
www.facebook.com/groups/354388531985101
I don't use facebook for much except Tesla World Wide
www.facebook.com/groups/teslaworldwide
and I've never even heard of tiktok … : )

 

[WhiteOnWhiteMY]

Tesla doesn’t set prices, the market does.

Buying a new car at the height of a massive bubble is not a “sound financial decision.” Buying a new car rarely if ever is, bubble or not.

Blaming an automaker - whose literal job is to sell cars at a price the market will bear - for your bad financial decisions is ludicrous (pun intended).

So many people out there looking for someone to blame but can’t stand to look in the mirror…

Used market is set by the market. New cars are set by Manufacturer. Market influences how much they can profit. In a standard dealer market, dealers put market adjustments, not the manufacturer. And every dealer has to put the market adjust clearly labeled since manufacturer prints the monroney sticker, outlining the MSRP. Tesla is the only manufacturer I’ve ever seen dump the MSRP without any major meaningful changes. I mean, clearly everyone who bought a new Tesla from 2020-2022 is a blithering idiot by your standard then.

 

[WilliamG]

I’ve been mulling this over as well. With the giant price cuts financially its not a terrible deal (id never buy fsd). The issue is you’re entering a panel lottery like you’re buying a crappy samsung tv. You don’t know if you’re car will be put together correctly, if it will be aligned correctly etc. could end up with a worse car than current

Yep and that’s the issue. You just don’t know what you’re getting into with a Tesla in terms of…well, anything really. Could very well end up with a more frustrating car. It’s also a time sink if you do, and having to get windows re-tinted etc, bleh. Just probably not worth the effort at all.

 

[terranx]

Tesla doesn’t set prices, the market does.

Buying a new car at the height of a massive bubble is not a “sound financial decision.” Buying a new car rarely if ever is, bubble or not.

Blaming an automaker - whose literal job is to sell cars at a price the market will bear - for your bad financial decisions is ludicrous (pun intended).

So many people out there looking for someone to blame but can’t stand to look in the mirror…

And yet Tesla is the only automaker who behaves this way. No one else raises and cuts prices by $20k+ within months. Hell the Plaid is more than $50k less than its peak -- which worked out for me, but I absolutely would be pissed if I bought in at $140k and saw the cuts.

 

[brooklyn]

I’ve been mulling this over as well. With the giant price cuts financially its not a terrible deal (id never buy fsd). The issue is you’re entering a panel lottery like you’re buying a crappy samsung tv. You don’t know if you’re car will be put together correctly, if it will be aligned correctly etc. could end up with a worse car than current

Agreed. I'm not terribly out of pocket if I made a move for the new seats/mech horn, etc., but my car appears to have been put together reasonably well. I'd walk away from the full XPel wrap I just installed a year ago, but that was going to happen eventually, but I don't know that it's worth the anxiety factor of whether or not the next one will be as solid as my current car. That and I would really want to be able to roll the price of the track pack brakes into the purchase, which at this point doesn't seem to be an option.

 

[terranx]

I don’t think any of the updates this far are significant enough to lose $30+k to upgrade. It is still overall the same car.

The seats they claim will be offered as a retrofit. And we probably can source and install them after the fact even if they never fulfill that promise.

 

[CapeOne]

And yet Tesla is the only automaker who behaves this way. No one else raises and cuts prices by $20k+ within months. Hell the Plaid is more than $50k less than its peak -- which worked out for me, but I absolutely would be pissed if I bought in at $140k and saw the cuts.

Tesla is unique compared to most other automakers in that they are not only the manufacturer but also the dealer. A price increase from Tesla essentially reflects a price increase from a manufacturer and/or a price add-on from a dealer. The last few years were abnormal for the auto market due to COVID with cars frequently having sold at or above MSRP, sometimes well above. A lot of people who bought at the top of the market (whether a Tesla or other brand) have seen their resale values impacted.

 

[terranx]

Tesla is unique compared to most other automakers in that they are not only the manufacturer but also the dealer. A price increase from Tesla essentially reflects a price increase from a manufacturer and/or a price add-on from a dealer. The last few years were abnormal for the auto market due to COVID with cars frequently having sold at or above MSRP, sometimes well above. A lot of people who bought at the top of the market (whether a Tesla or other brand) have seen their resale values impacted.

At least with a dealer you know you’re getting fleeced. They could have done what they do for inventory discounts and have a different selling price compared to the MSRP. But that would have made it to obvious to customers that they were getting taken for a ride.

 

[SO16]

Tesla is unique compared to most other automakers in that they are not only the manufacturer but also the dealer. A price increase from Tesla essentially reflects a price increase from a manufacturer and/or a price add-on from a dealer. The last few years were abnormal for the auto market due to COVID with cars frequently having sold at or above MSRP, sometimes well above. A lot of people who bought at the top of the market (whether a Tesla or other brand) have seen their resale values impacted.

Yes. Buying during peak Covid was EXTREMELY expensive on both the purchase and resale later. Even Elon said the prices were embarrassingly high.

And at covid time, no one knew for sure when Covid would retreat. Hindsight always 20/20. I just buy a vehicle, keep it for years to where resale means nothing and want my next Tesla to be better and cheaper than the last. Also means less in taxes, registration fees and insurance.

Elon laid it out for people back then. Yes the prices are high due to supply chain, inflation and demand. He wanted to lower them in the future. Pretty straight forward.

Elon Musk Calls Tesla's Prices "Embarrassing," Blames Inflation

Due to supply issues, inflation, and crazy demand for Tesla's cars, it keeps raising prices. Musk says inflation may fade, and the pricing situation may improve.

insideevs.com

 

[ucmndd]

Used market is set by the market. New cars are set by Manufacturer.

Asking price =\= selling price. Tesla’s job is to sell cars. They can ask whatever they want but the market sets the price people will pay. This is really simple stuff.

In a standard dealer market, dealers put market adjustments, not the manufacturer.

Difference without a distinction, other than the dealer model being far more opaque.

I mean, clearly everyone who bought a new Tesla from 2020-2022 is a blithering idiot by your standard then.

Everyone who bought any new car from 2021-2022 without understanding they were buying at the height of a massive bubble probably wasn’t paying close attention - why don’t we put it that way. Now a lot of them are looking for someone else to blame for their inattention it seems.

And yet Tesla is the only automaker who behaves this way. No one else raises and cuts prices by $20k+ within months.

Of course they do. Lots of other cars at the high end of the market suffered exactly the same fate. Audi e-Trons took a ~$20k haircut. Countless other EVs have experienced the same significant price reductions. The overall car market has come back down to earth - an overwhelmingly good thing.

Hell the Plaid is more than $50k less than its peak -- which worked out for me, but I absolutely would be pissed if I bought in at $140k and saw the cuts.

Pissed at who? I’d be pissed too, but mostly at myself for not anticipating the inevitable depreciation of an ungodly expensive toy bought at a time when supply was constrained, printed money was raging through the economy, and interest rates were near zero.

If you blame Tesla for dropping prices of their cars to what people will actually pay, you’re not being honest with yourself.

 

[ucmndd]

At least with a dealer you know you’re getting fleeced.

 

[terranx]

Asking price =\= selling price. Tesla’s job is to sell cars. They can ask whatever they want but the market sets the price people will pay. This is really simple stuff.


Difference without a distinction, other than the dealer model being far more opaque.


Everyone who bought any new car from 2021-2022 without understanding they were buying at the height of a massive bubble probably wasn’t paying close attention - why don’t we put it that way. Now a lot of them are looking for someone else to blame for their inattention it seems.


Of course they do. Lots of other cars at the high end of the market suffered exactly the same fate. Audi e-Trons took a ~$20k haircut. Countless other EVs have experienced the same significant price reductions. The overall car market has come back down to earth - an overwhelmingly good thing.


Pissed at who? I’d be pissed too, but mostly at myself for not anticipating the inevitable depreciation of an ungodly expensive toy bought at a time when supply was constrained, printed money was raging through the economy, and interest rates were near zero.

If you blame Tesla for dropping prices of their cars to what people will actually pay, you’re not being honest with yourself.

I stand by my claim that no other manufacturer has dropped their MSRP by $50k over such a short period of time.

 

[ucmndd]

I stand by my claim that no other manufacturer has dropped their MSRP by $50k over such a short period of time.

An easy claim to make when you scope the argument to MSRP - an artificial distinction. Plenty of other cars transacted for roughly equivalent discounts on a percentage basis over the same period.

It’s also worth noting you can only get to “$50k” in reductions if you conveniently ignore the $20k in price increases that happened at the beginning of the bubble to paint the desired picture. And the Plaid was brand new when it came out for $120k in 2021, so of course was riding the hype wave at the beginning. Even without Covid bubbles, history tells us the price was always gonna come down lower than that as production ramped up and hype wore off. Just ask all those people who paid $160k for a P100D.


Again - if you’re blaming Tesla for selling cars at prices people will actually pay, you aren’t being honest with yourself.

 

[teko]

An easy claim to make when you scope the argument to MSRP - an artificial distinction. Plenty of other cars transacted for roughly equivalent discounts on a percentage basis over the same period.

It’s also worth noting you can only get to “$50k” in reductions if you conveniently ignore the $20k in price increases that happened at the beginning of the bubble to paint the desired picture. And the Plaid was brand new when it came out for $120k in 2021, so of course was riding the hype wave at the beginning. Even without Covid bubbles, history tells us the price was always gonna come down lower than that as production ramped up and hype wore off. Just ask all those people who paid $160k for a P100D.


Again - if you’re blaming Tesla for selling cars at prices people will actually pay, you aren’t being honest with yourself.

That all sounds simply like a big rationalization. The fact is they dropped the price that much. I don't know of any other car maker doing that. Which means that either they are fleecing each customer as much as they could or they don't know how to price or both? I don't know...

 

[ucmndd]

That all sounds simply like a big rationalization. The fact is they dropped the price that much. I don't know of any other car maker doing that.

Rationalization by acknowledging the simple economics of the situation? I guess. Maker vs. dealer doesn’t really matter IMO… the outcome for the consumer is the same in either case and Tesla is no particular outlier in the general transaction price trends across the industry over the last several years.

Which means that either they are fleecing each customer as much as they could or they don't know how to price or both? I don't know...

I mean it’s pretty obvious that they sold cars for as much as they could during the supply constraints and overall bubble. Just like everyone else did. Whether that’s fleecing or just charging what the market will bear might depend on your individual politics.

The only difference is the transparency involved in the Tesla model where there is no middleman abstraction layer and the only real option is to adjust MSRP directly in response to market inputs.

It’s obvious to me that a lot of people don’t like that level of transparency and would prefer to not know how badly they got taken for a ride by a traditional dealer…