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Changes are in store starting January 1st. The US Federal Tax credit gets halved starting the 1st. Because of that, Tesla prioritized US sales, now in the 1st Quarter they are finally going to start selling cars in Europe. A lot of reservation holders there have been patiently waiting.
In the US, Tesla dropped the price $2,000 on the 1st, effectively reducing the effect of the tax credit reduction down to just $1,750. Tesla, which had been selling only the long range version of the Model 3, started selling a mid-range version during the 4th quarter.
The infamous short range $35,000 version remains elusive, but each cost saving measure, and benefits of scale brings it closer. If I had to guess we're talking 2019 3Q. Currently the cheapest Model 3 is $44,000.
Next up should be a quarterly financial statement which is due Feb 6th. Hard to imagine that is not going to be their best to date.
Tesla now has excess inventory, demand looks like it’s slipping as the pent up demand bubble seems to have been satisfied, and their stock price is getting pummeled. https://www.inc.com/associated-press...e-slowing.html
This is the worst possible time as the tax credit is running out, Tesla is starting to offer rebates which cut into its margins, offering a lower margin version of its cars which also cut into profits, and billions in credit repayment is due this year as interest rates start to rise and fear of a recession will start to dry up capital.
while competion ramps up with fresh new cars with a full $7500 federal tax credit available.
Next up should be a quarterly financial statement which is due Feb 6th. Hard to imagine that is not going to be their best to date.
I'm pretty sure the Q4 statement will easily beat their Q3, which exceeded expectations. Share prices have been creeping back up so the market probably anticipates good news in their next earnings call.
My neighbors just got rid of their Acura MDX for a brand new Model X 100D (they bought before the end of the year.) We'll see how it does, I had contemplated buying the same thing before I bought my wife her ML63, but those falcon doors wouldn't work well in my wife's narrow garage.
The Model 3 is a huge breakthrough vehicle. If they keep improving these EV's another 20% more range and 20% lower cost, the piston engine vehicles are going to be killed off....the future.
The Model 3 is a huge breakthrough vehicle. If they keep improving these EV's another 20% more range and 20% lower cost, the piston engine vehicles are going to be killed off....the future.
I think so. I've had my model 3 for a little over a month now and while it's not perfect, neither is any ICE car in that price range. When comparing it to ICE competitors in that price range, there really is no comparison. Model 3 is revolutionary.
I think so. I've had my model 3 for a little over a month now and while it's not perfect, neither is any ICE car in that price range. When comparing it to ICE competitors in that price range, there really is no comparison. Model 3 is revolutionary.
The Model 3 is a huge breakthrough vehicle. If they keep improving these EV's another 20% more range and 20% lower cost, the piston engine vehicles are going to be killed off....the future.
Meanwhile Tesla is dropping their cheapest trim levels for both the Model S and X and have yet to produce the promised $35K Model 3.
For the same price you could easily say a Raptor is a breakthrough vehicle.
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