runningdenver
Member
IRA gave Tesla a choice. Make your car affordable, or your buyers don't get the tax break and you don't make your numbers. In hindsight it's genius. This move made EVs more affordable to the masses. We'll all benefit eventually.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Upset that Tesla screwed customers who took delivery in the last few months
- Thread starter wishForEV
- Start date
- Status
thesmokingman
Active Member
They could have just discounted their cars by 7500K and called it a day. But they took it a step further and strategically priced their cars so almost all 3/Y will qualify netting customers another 7500K on top of the deep discount. But you know, instead peeps don't acknowledge this and feel cheated instead.
johnnycnote
Member
Not disagreeing that reduced margins will annoy Wall Street, but compared to legacy auto, the margins will still be significant. In addition, reduced pricing will increase market share while legacy auto struggles to ramp up. I believe Tesla made a very good long term decision
ElectricIAC
Good-Natured Rascal
thesmokingman
Active Member
Tesla is not beholden to Wall Street, it works for the shareholders. Musk could give two shits what WS thinks. Who gives a *sugar* what Wall Street thinks anyhow? To them Tesla just got downgraded to sell at $89, like by Guggenheim.
Margins will not be impacted much. In 2021 auto margins were heading north of 32%. 2022 dragged margins down due to Austin and Berlin not ramping up yet. They are ramped up now passing 3K a week and headed to 5K a week, further reducing COGS. Most I've seen doing the math see minimal margin impact.
I’m in the same situation. I ordered last February and took delivery in December. I’ve got mine at lower APR and metalic silver is extra now, so I’m not that far off. I’m just hoping that Tesla offers the free FSD as a compensation LOL
miggz410
Member
I'll be happy if they open eligibility for $7500 tax credit to everyone who got a 2023 model prior to 1/1/23... 
Proflig8tor
Member
Have people forgot the mission to sustainable energy?
Fools think they are buying a new car as an “investment.” Even if Tesla raised the price, YOU are most likely going to sell at a loss. The dealers lobbied state legislatures to collect sales taxes on us. We aren’t making money on new cars. We aren’t making money for doing nothing.
What were your plans before the price change? Well that is probably your best decision post price change; just enjoy the thing.
I am happy the cars are a better value. I am in this game for our children. Let’s try to give them a planet as good as we got it.
Fools think they are buying a new car as an “investment.” Even if Tesla raised the price, YOU are most likely going to sell at a loss. The dealers lobbied state legislatures to collect sales taxes on us. We aren’t making money on new cars. We aren’t making money for doing nothing.
What were your plans before the price change? Well that is probably your best decision post price change; just enjoy the thing.
I am happy the cars are a better value. I am in this game for our children. Let’s try to give them a planet as good as we got it.
Well said - definitely feels like a lot of early buyers telling recent buyers tough luck because they got in at a better price sooner. I wouldn’t want this to happen to anyone.
Buying a car from Tesla should be as easy and painless as buying an iPhone from Apple - that was the original value prop of the direct to customer model that got twisted into just another way to screw customers on price.
First time posting here, been lurking for a long while... I took delivery on 12/15/22 for a blue Model Y long range 7 seat with tow hitch. I placed that order on 12/9/22 thinking I would be waiting several months, I had a VIN number two days later and decided to move forward due to the $3750 discount they were giving at the time. 5 days later, that discount increased to $7500, I was a little annoyed, but I always suspect some potential for prices to rise and fall so I didn't really give that much of a second though. Buying that same configuration today would amount to over $16,000 dollars in cost savings. I'm not one that swaps out cars every couple years, I've been driving my last car since 2007, so I don't give a crap about resale value. What I do care about is the fact that this is a $16,000 punch in the gut. I've emailed the sales associate that worked with me on my vehicle, asking if they'll give me free self driving, or enhanced autopilot, or even a performance boost upgrade, anything to soften the blow a little but I don't really have high hopes... I really like the vehicle, and I own tesla stock as well and hopes this pans out positive in the long run, but a $16,000 total cost savings had I waited a month really hurts and leaves a sour taste in the mouth.
My cost | ||||
I paid 12/15/22 | As of 1/13/23 | |||
vehicle cost | 70990 | 58990 | ||
destination fee | 1200 | 1200 | ||
order fee | 250 | 250 | ||
discount | 3750 | 0 | ||
Total vehicle price | 68690 | 60440 | ||
sales tax | 4464.85 | 3928.6 | ||
total cash price | 73154.85 | 64368.6 | ||
registration | 137.5 | 137.5 | ||
registration tax | 525 | 525 | ||
total before tax credit | 73817.35 | 65031.1 | ||
tax credit | 0 | 7500 | ||
total | 73817.35 | 57531.1 | difference | 16286.25 |
It is easy and painless to buy. You seem to be conflating that with being mad because you paid a price that you were willing to pay and then regretted it.
ElectricIAC
Good-Natured Rascal
Play stupid games, win stupid prizes.I'll be happy if they open eligibility for $7500 tax credit to everyone who got a 2023 model prior to 1/1/23...
IRA is the catalyst for this rapid pricing variation. Without it, there would only be reduction for the purposes of buying market share.
Don’t kid yourself - the environmental footprint of building an ev is high. You want to save the environment for your children? Buy a well maintained used car, use ridesharing, go live in a dense city and/or ride a bike. Buying an ev just means you’re supporting an open pit lithium mine somewhere vs drilling a hole in a desert. It’s better than buying a new ice car but above options are much lower footprint.
As for cars as an investment, very few people are dumb enough to believe this. However no one feels good about making a large purchase and then overnight feeling like they could have saved $15k if they just waited to an arbitrary day. The car itself is good but this has been a deeply unpleasant experience that I have no plans on going through again. Thankfully the ev space is maturing so there are more alternatives every day.
Last edited:
If I can’t be assured the price won’t change in 30 days, it’s a pain point and a bad purchasing experience. This is why a lot of retailers offer price matches. Pricing is part of the purchase experience - business 101 buddy.
what price did you pay for your model y? Again, seems like prickish early buyers trolling new buyers with tough luck. Pretty sure if you were in the same situation, you’d be angry too. Otherwise, send Elon a $15k check if you love him so much.
Price could change in 30 minutes at a dealer that needs to make numbers, or it could change in 3 days because the manufacturer changes its incentives or the government implements a tax credit with price caps. Which automotive "retailers" would do something for you because they sold a car to another buyer at a lower price? Business 101, indeed.
Pretty sure if I was in the same situation I'd be looking in the mirror wondering why I bought at a time when all indicators were pointing at upcoming price drops. There were threads here discussing if it was the worst time to take delivery and what price cuts would come in the new year. Elon is irrelevant, but I'll be sending him less money than you so it appears your love for him is greater.
Yup so I was correct - just a condescending troll without anything valuable to say. What’s funny is I think you proved my point that the buying experience is bad - the fact that I have to spend all my time on this forum to gauge pricing and market demand to get optimal pricing to buy a car shows this is terrible. No better than a bad dealership.
And the reason I bought in December is because my existing car was really old and I had a long reservation wait. I wouldn’t be as angry had I got my car in June vs December. You have no idea what anyone’s individual situation is so maybe stop being a prick?
The point was not that you should have read the forum, the point was that others were able to see the writing on the wall. For someone who doesn't want to spend time on the forum though you seem to have spent plenty posting about being mad. That aside, people do tend to research these things which is why on forums for legacy automakers you'd find conversations about invoice/holdback/manufacturer incentives/etc. With Tesla you don't have to figure all that stuff out and then proceed to negotiate with multiple dealers. That's not to say their process isn't without its downsides, but it's no worse than the traditional model.
If you needed a car in December and couldn't wait then why be mad? You had a time sensitive need and you filled it with the best option available at the time. Waiting wasn't an option so what happened after is irrelevant.
WhiteOnWhiteMY
Member
Yet to see anyone who paid at post June price increase without discounts say that they don’t care. Am seeing a lot of people who paid lower amounts now mocking and trolling those who paid higher amounts. I wish them the same empathy for them in any financial situations they get left upside down. Too many people comparing being a few thousand dollars they may be down to those who are down 20k or more. No, we don’t plan to sell it. No, GAP insurance won’t cover my ass cause of how much I put down. So unless the prices climb back up 20k by the time I get around to selling it, Tesla screwed us over by being unclear that this was a marked up price. Dealerships at least have the decency to tell you when they are marking stuff up, Tesla just says, hey this is cost and you assume they aren’t going to randomly decide to start selling it for 30% cheaper a few days later.
Yeah definitely mad about this and spending way too much time on this forum now, but I'll probably stop soon and move on. Still won't be buying a Tesla ever again though or give them one more cent than necessary.
Re December, yeah I needed a car badly since my old car has some potential mechanical issues that makes it less than ideal for freeway driving. Maybe you're looking at this in a more calm way since you weren't impacted by this but the fact that I had to spend $15k extra to fulfill a personal need vs buying in January is deeply frustrating. $15k is not a trivial amount of money in any way shape or form.
- Status
Similar threads
- Article
