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I see that Tesla dropped the prices of all of their cars in the US by $2000. Did they cut the price in Canada as well? Or maybe we are lucky that they have just held off on increasing prices given the CADs recent fall.
Sorry, US only. Tesla Q4 2018 Vehicle Production & Deliveries, Also Announcing $2,000 Price Reduction in US | Tesla, Inc.
Federal Tax Inventive phase out began Jan 1, reducing tax credit by $2750.
And Tesla didn't do anything to offset the Ontario incentive going away in 2018.We don't have a Federal Tax Incentive at all so even more reason to get the price reduction... I'm on the fence as to order or not the Model 3 and a price cut would be a very good motivation
Anybody else think this price cut was either a poor idea or poorly timed? Doesn’t seem that great to me at any rate.
You can already see some of the effect in sales after June from the fleetcarma Q3-2018 report:
That graph is at least potentially misleading though as you should expect that a decent portion of the spike in May and June was from people who would have otherwise ordered later in the year but moved up their purchase to ensure they got the rebate. So, that inflated May and June and depressed July and August. I'm sure there was a net decrease as a result of ending the Ontario rebate, but it wasn't as drastic as that graph would suggest. If you average the sales across those four months (May, Jun, Jul, Aug) you get just a little bit under 4,800 cars/monthYou can already see some of the effect in sales after June from the fleetcarma Q3-2018 report:
I would be curious to see how much the number drops off in Q4.
I really surprised out "eco-warrior" "pipeline owning" Prime Minister does not use his carbon tax to fund Federal EV incentive program, just simply removing the 5% Federal HST portion would be a good start
I agree l don’t expect a cut up here at all. With the CDN $ decline I was expecting an increase up here early this year. With the US cut and keeping CDN prices where they are absorbs part of the $’s decline.
I actually think the price drop was a smart decision (despite the markets reacting otherwise...). The price cut just 'cushions' some of the blow of halving the incentive, so someone ordering today will still pay more than someone who received their car before the new year. They dropped the price by 2k on a ~ 60k car, so if this 'stunt' results in selling 1 extra car for every 30, then it makes smart business sense.
There will be some pain points when incentives start to dry up, and some will get stuck in the middle. In my case, I was initially going to order a RWD but figured I had no chance to get the rebate so went AWD. Fast forward and by the end of the year after Tesla stepping up to the plate everyone in my province that ordered a RWD LR and cancelled will end up getting their rebate. That's almost a $20k 'premium' for my AWD now, but hey that's the way the cookie crumbles. Still love the car, but if you told me 6 months ago I would get the rebate with a RWD, I would have been happy with the lower performance of RWD vs AWD....heck, I waffled on going PAWD, but the price delta was too much, and now they effectively dropped that price by 5k and folks that ordered PAWD are getting refunds from Tesla.
I also agree that in theory there should likely be a price increase in Canada due to dollar conversion....but hopefully not since that will hurt sales in Ontario even more. Will be interesting to see what happens in the next year with EV sales in Ontario.