Tesla slashed prices

[GDN]

Tesla put out some good price cuts across the board, but get the 3 (even the Performance) and Y just under the tax rebate level, at least until March.

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[queuewho]

I bet Ford feels pretty dumb giving me as much as they did for my 4 year old Model 3 trade. It's still on their lot, and they paid really close to current MSRP-Credit lmao.

 

[Minh]

Issue with this is do Tesla have enough in stock for everyone to take delivery by March to cash in the on 7500 credit.

 

[GDN]

Issue with this is do Tesla have enough in stock for everyone to take delivery by March to cash in the on 7500 credit.

They don't - there were inventory cars near me last night that were gone this morning. They are building at a good clip however.

A key here is how flexible Tesla can and will be to adjust price, increase sales and take advantage of situations. Through last year their demand was more than their supply, they could keep the prices up. Now that they have more supply and the economy has changed, they will adjust with it to take advantage of it, while still making a profit on each one.

 

[Maquis]

They could have lowered the CT to $40K….it wouldn’t cost them a dime!

 

[FordLightningMan]

I bet Ford feels pretty dumb giving me as much as they did for my 4 year old Model 3 trade. It's still on their lot, and they paid really close to current MSRP-Credit lmao.

I traded in my Audi and kept the M3P. Oops.

 

[thecoloradokid]

We need Tesla to survive, but the company is hurting itself by keeping Elon Musk involved. The pricing adjustment on the least expensive, easiest to make vehicles had to happen since Tesla has taken a major financial hit by not distancing itself from that flaming douchbag.

At this point, Musk is an albatross hanging around Tesla's neck. I owned multiple Model S' and Model X's before 2018, but I will not spend a penny of my money so long as Elon Musk is still involved in Tesla management.

You can only endorse climate change deniers for so long before it starts to bite you in the ass.

 

[Zap]

They could have lowered the CT to $40K….it wouldn’t cost them a dime!

That's the last published price for the entry-level CT, so no lowering needed. I expect a higher final price, though, since it appears they have several years of orders on the books.

https://www.torquenews.com/1/data-s...esla-cybertruck-orders-and-its-not-surprising

 

[F150ROD]

Prices are back to normal.

 

[Maquis]

That's the last published price for the entry-level CT, so no lowering needed. I expect a higher final price, though, since it appears they have several years of orders on the books.

https://www.torquenews.com/1/data-s...esla-cybertruck-orders-and-its-not-surprising

Dammit! I thought I was making a joke!

 

[Oneand0]

I sold my 2021 Model Y in August for 62k. What a difference now.

 

[Shrike]

The bidding for my Tesla closed on Cars and Bids earlier this week, and the transaction was finalized this morning. Heard about the price drop as I left the bank.

 

[queuewho]

I traded in my Audi and kept the M3P. Oops.

We are a dink single car household, no reason for two, though I wish I could rationalize keeping it

 

[Pitbull2o08]

They don't - there were inventory cars near me last night that were gone this morning. They are building at a good clip however.

A key here is how flexible Tesla can and will be to adjust price, increase sales and take advantage of situations. Through last year their demand was more than their supply, they could keep the prices up. Now that they have more supply and the economy has changed, they will adjust with it to take advantage of it, while still making a profit on each one.

also their profit margin on the 3/y was upwards of 30% anyway.

 

[PungoteagueDave]

I bet Ford feels pretty dumb giving me as much as they did for my 4 year old Model 3 trade. It's still on their lot, and they paid really close to current MSRP-Credit lmao.

Ford dealer paid me above original MSRP for my '19 MX with 38k miles in July (paid $92k vs $89k msrp). Crazy stuff then, but the used car market had gone crazy. Bubbles always pop. Always.

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