Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Ogre]

I bought my model Y back in Mar 2021

Base price then:50,000
Base price now: 53,000

So while it’s a huge price drop it is still 6% higher than what it was 2 years ago.

Plus Uncle same drops you a $7,500 check at the end of the year. Making it even cheaper than we (I got same pricing) paid 2 years ago.

 

[traxila]

And there you have it.

The Coup De Grace.

 

[Marc_K_inNJ]

And they finally added the IRA incentive wording

 

[thesmokingman]

Omfg, I was secretly hoping the M3P would come down. I'd been waiting and waiting.... and bam! Now I gotta get off my butt and finish restoring my Porsche so I can sell it and get a M3P.

 

[Accident]

The Model 3 SR at $36,500 after the tax rebate is less than the promised $35k when adjusted for inflation.

Edit: not to mention all the added features and the range increase

 

[Ogre]

Talk about declaring war in the OEMs.

What is their response?

I think there is some huddling in a corner and crying. A lot of that I imagine.

I wonder how the Tesla-nevers are going to cope with paying $20,000 more for a Cadilac that charges slower and burns 25% more power?

 

[thesmokingman]

This is such a freaking huge flex on the industry.

 

[Marc_K_inNJ]

Do you think this might force the US government to declare bankruptcy…?

 

[Nocturnal]

I hope Tesla told whatever supplier they need for building the 7 seat vs 5 seat Y that they needed to increase their production by 10x.

Do you think this might force the US government to declare bankruptcy…?

I laughed way too hard because of this. I'm just picturing headlines "Tesla crashes US Government. Society in collapse. Elon Tweeting memes from his space bunker."

 

[phoggy123]

Wall Street is going to hammer the stock tomorrow. Great news for consumers and demand will be set for the long term.

 

[ElectricIAC]

I expected this but not so fast.

 

[thesmokingman]

Wall Street is going to hammer the stock tomorrow. Great news for consumers and demand will be set for the long term.

Yea yea demand problems, they only grew a crappy 40% QoQ lol. It will be funny watching the spin tomorrow on CNBC... as the order book gets stuffed!

 

[vikings123]

Wait so that's not good enough for you??

Haha just a reference point, I love what they did. This will crush the competition, IRS be damned

 

[Ogre]

I hope Tesla told whatever supplier they need for building the 7 seat vs 5 seat Y that they needed to increase their production by 10x.


I laughed way too hard because of this. I'm just picturing headlines "Tesla crashes US Government. Society in collapse. Elon Tweeting memes from his space bunker."

With the new prices, the 5 seat Y is eligible under the $55k limit wording.

 

[ElectricIAC]

This is far more than I expected after going over all the pricing changes.

I figured we’d see a $53790 +$1,200 destination MY SR.

 

[thesmokingman]

With the new prices, the 5 seat Y is eligible under the $55k limit wording.

Musk is like, oh yea hold my beer....

 

[Ogre]

I guess this is when the IRS reverses course on the ruling about SUVs

Now suddenly “Car SUVs” will qualify so the Cady and the Mach-E can compete.

 

[traxila]

This is such a freaking huge flex on the industry.

As with almost all Tesla moves, in hindsight it was so obvious.

With the never ending multiple month long waits, the only thing they could do was raise prices.

Now with the queues all cleared, inventory building and the factories ramped to where operating leverage can kick in a big way, they slash prices into a declining car market hard and preemptively. And I do mean slash. The 7.5 K from the Feds is all whipped cream at these price points.

I don’t know where their margins are here, but I know they are still positive and possibly still industry leading.

Now comes the new Giga.

The OEMs cannot spend enough on advertising and MM bribing to counteract this. They are so f#*&ed.

Have no idea what this mean for the SP tomorrow, but I think it is incredibly bullish for the future.

 

[Nocturnal]

The waiting list for LRs is going to get very long, very fast. Tesla will surely want to prioritize Performance Ys. 7 Seat performance Y will dominate for a while.

1813 in inventory currently. I wonder how fast that drops tomorrow. Will be fun to watch. I know 2 people personally who are now considering jumping on it.

United States Tesla All inventory

This is the All inventory for cars in United States. The inventory is taken from Tesla directly and refreshed every few minutes, we also explicitly differentiate between New and Demo cars both of which Tesla list as New. In many countries we also gather used cars from various sources. We allow...

tesla-info.com

 

[Ogre]

Musk is like, oh yea hold my beer....

He did say they would lower prices when it made sense.

Here we are.