Are they outrageously priced? I think they are pretty similar to Tesla's pricing at least on the Seal. Tesla doesn't have cars matching the other two really to compete with them though.
I'm surprised they haven't dropped them already and not sure if there's a lag or they don't plan to in the UK currently. After all they've just done a lot of global repricing and UK was not part of that so seems they are happy with what they are selling for here along with demand at the moment.
They are already providing 0.5% interest rate for Model Y on hire purchase, and 1.8% on PCP and £390 for 2 year lease - what else do you think they will offer on top of this if the BoE isn’t changing rates? Closer to the end of Q2 they may slash the Model Y price further or add incentives like £3000 cash deposits etc., I think expecting any sort of price change in Highland is going to take atleast till the end of Q3. They have sold around 6,500 cars and the UK sales figures are as good as how it was in 2023, so they are not going to cut the price or interest rates on Model 3.
There's an awful lot of EV's that are on 0% APR so they can go lower.
I'm fine to be honest with the performance from the current Model 3 Performance so not sure I care hugely that it's quicker. I'm mostly interested in the suspension and how that might be for comfort. If you say take a BMW passive suspension it might be say dialed to a 4 for instance where 1 is highest comfort and 10 is highest stiffness. With adaptive it might be comfort is a 2 and Sport is an 8 for instance so it can be both more comfortable and more sporty.
Let's take the Dolphin, Europe seems to be €28,990 inc VAT, that's £25k vs £30.2 for UK. They're 11k in China.
Your points are valid though remember most buyers won’t have a clue about battery chemistry or anything else like that. Prices are way cheaper in China but again people can only compare against what is available for them to buy in the UK. The Seal is pretty similar to the Model 3 so they do compete but it’s early days for BYD here so currently it’s not a big risk to Tesla but is growing.
Yup, competition is really heating up in China, and Telsa prices are dropping as a result. In the UK they're, at best, testing the market. Hence Tesla are keeping prices high.
Well most of that seems to be Model Y of which they do have a much lower APR. I do expect Model 3 to drop soon but guess they haven't quite hit the issue they have lots of them in stock and unable to shift just yet. Don't think it'll be long though.
