Huge Price Cuts for Tesla!

[Tall Traveler]

Originally Posted by Newporttom

Tesla quashes demand issues and problems with price caps on tax credits for EV's with a pretty massive across the board price cut for 3's and Y's. The big issue is how will this affect margins? Price reaction on Wall street probably likely to be negative at first.

__________________________________________________ ___

BREAKING:
@Tesla
has reduced their car prices MASSIVELY in the US. Changes:

• Model 3 RWD: $43,990 (from $46,990, a 6.4% drop)
• Model 3 P: $53,990 ($62,990, 14.2% drop)
• Model Y Long Range: $52,990 (from $65,990, a 20% drop)
• Model Y P: $56,990 (from $69,990, an 18% drop)

The prices are back to what I paid 2.5 years ago for my Model Y. It takes Teslas from being overpriced to being bargain priced, great for consumers.

I don't see how this doesn't negatively impact profit margins although the stock seems to have gone up since they made these price drops in the USA.

Tesla now has competition and will need to compete with all the other car manufacturers. If we can get Musk off of Twitter, I have full confidence that he will outcompete other companies.

[PacoMartin]

$44,995 215hp Subaru Solterra Premium AWD
$43,990 271hp Tesla Model 3 RWD
$42,000 201hp Toyota bZ4X FWD

And that's not even counting federal tax incentives

[southernnaturelover]

So when are the used prices coming down?

[southernnaturelover]

Originally Posted by irish_bob

The recent price drops make the AWD a lot more affordable, for someone who rarely has to deal with snow , is it worth paying 7K extra for the AWD ?

AWD is useless where I live, unless you live on some rural dirt road that's gets muddy. But then, you'd want a truck, not a Tesla.

[OyCrumbler]

Originally Posted by southernnaturelover

So when are the used prices coming down?

Used prices are waaaaaaay down from their peak in 2022

[southernnaturelover]

Originally Posted by OyCrumbler

Used prices are waaaaaaay down from their peak in 2022

Model 3 prices come down, but Model Y stills seems insanely expensive.

[OyCrumbler]

Originally Posted by southernnaturelover

Model 3 prices come down, but Model Y stills seems insanely expensive.

They all came down--it's just that there was never a smaller battery pack base Model Y offered in large quantities in the US. You asked when the used prices came down--they came down a lot in large percentage drops that are unusual for the industry irrespective of how you regard it as insanely expensive or not.

[PacoMartin]

Originally Posted by Newporttom

• Model 3 RWD: $43,990 (from $46,990, a 6.4% drop)

The average transaction price (ATP) of a new vehicle in the U.S. hit a record high in December at $49,507 according to COX automotive.

So a Model 3 RWD is now 11.1% below the average transaction price (ATP) of a new vehicle in the U.S.

[dcfas]

Originally Posted by Newporttom

As an owner of 2 Bolts, let me say......

If this car is for around town, you would absolutely love the Bolt. (and you get the $7,500 credit if you act quickly). It's a fun car to drive

If you will do road trips in the car...... probably should go Tesla.

Thanks. It would be for daily driving at 75 miles per day, M-F. I live in the Northeast, so I would like to get AWD, but I don’t think it’s in our budget. I’ve been told the Bolt is fine in the snow due to its weight and fwd.

Any thoughts on the Tesla with rwd in snowy weather?

[Malloric]

Originally Posted by dcfas

Thanks. It would be for daily driving at 75 miles per day, M-F. I live in the Northeast, so I would like to get AWD, but I don’t think it’s in our budget. I’ve been told the Bolt is fine in the snow due to its weight and fwd.

Any thoughts on the Tesla with rwd in snowy weather?

Tires. Major advantage of AWD is you don't legally need to put chains on in most states, nor should you as they can do a real number on differentials, just need them in the car. RWD/FWD you do, snow rated tires or no. Heading up to Tahoe or whatnot they have chain control checkpoints and turn you around. There's R1/R2/R3 controls, RWD/FWD you need chains on for R2/R3 and chains or snow rated tires for R1. AWD snow tires for R1 or R2. You almost never see R3. They just close the road anyway and a Subaru/Tesla/Forester whatnot would be stupid to even try. Lifted pickup on 35/37s and recovery gear yes, normal cars no.

Local driving with snow tires any of them are really fine. Back before everyone needed 4x4 trucks we just threw some sandbags in the bed to put some extra weight on the rear wheels. 200-300 pounds for light duty pickups, 400-500 for 1-tons over the rear axle did the trick. That was when trucks were trucks and didn't need to also be Jeeps even if most Jeeps are Mallfinders that never go off-road either. AWD is nice, tires are nicer, AWD plus tires is best.