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Tesla cuts prices as Model 3 deliveries narrowly miss estimates

bloomberg.com

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Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#171

Post by georgeecollins »

vkou wrote: post #166
dmode wrote: post #155

"Automaker sold 63,150 Model 3 in the fourth quarter" - [and this is only in North America] What Tesla has achieved is truly unbelievable and it is kind of hilarious to see HN meltdown and Tesla bashing. To give you a perspective on how much of a gigantic scale this is, BMW only sold 99,000 3/4 series in the US in all on 2017 [1]. Tesla is a carmaker who only sold ~100 vehicles in 2011. It is amazing how much of Tesl…

Meanwhile, Toyota, which is only at 3x the market cap of Tesla, sold >2,200,000 vehicles in Q4. It ships more combined battery capacity in its hybrids, then Tesla does in its EVs.

Sure, and Samsung and Huawei sell more phones than Apple. Probably Tesla is overvalued but that doesn't mean it isn't very valuable. Pricing power is much more important than volume.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#172

Post by rconti »

Zarel wrote: post #161
clouddrover wrote: post #143

Earlier quoted context omitted.

> with no established car maker able to match them yet. The Hyundai Kona EV is cheaper, has good range, and outperforms new model Teslas in 24-hour efficiency (interestingly finishing second to the original Tesla Roadster): https://insideevs.com/hyundai-kona-electric-gets-shockingly-... https://electrek.co/2018/12/23/tesla-roadster-24-hour-electr... Teslas are among the least reliable cars you can buy. If you want hi…

The last time this came up, many people said that the primary reason to buy a Tesla was for Autopilot, which I have not yet heard of another manufacturer with an equivalent product. I think another advantage Tesla has is the Supercharger station access.

Agreed, these are both killer apps for Tesla. I've got a 3 and have driven my car with Autopilot and a few Model S with autopilot, and it's crazy tech. To me, it's not worth the money, so I didn't order it, but to others, it's the entire reason to buy the car.

Even though I've only used superchargers 4 times in 6 months, it absolutely solves the EV roadtrip FUD in a way that nobody else has figured out yet.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#173

Post by adamqureshi »

Tesla is the ONLY player with a direct to consumer model. They are a native EV start up. All others right now are legacy car makers (non native) using the old franchise distribution model. Tesla OS is its bread and butter. They built the vehicle from scratch for EV. They effectively "PULLED" ever other car maker into the MIX. The legacy car makers had no other choice but to jump into the fray and take their chances.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#174

Post by rconti »

FireBeyond wrote: post #27
jpollock wrote: post #18

Earlier quoted context omitted.

The purchaser factors the tax credit in, so the removal of the credit will have the same effect as an increase in price. The salesman will _definitely_ make the purchaser aware of the credit, in the same way that a mortgage broker makes you aware of the tax benefit on mortgage interest (in the US). That doesn't make them dishonest.

They also tried to include "cost of gas savings" in some of their "line item" website pricing.

I, too, found this really odd. I was a reservation holder for the 3, and none of that garbage 'accounting' showed up when logged in. It was only when going to the PR-ified website for non-account-holders that I found the gas savings priced in. Strange. I don't disagree it's a relevant factor, but it's a bit disingenuous to list it like part of the MSRP.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#175

Post by juhanima »

dmode wrote: post #167
juhanima wrote: post #165

Earlier quoted context omitted.

Nope, that's just the U.S. sales figures for BMW (says so in the link). You need to add the European sales of the 3-series (129,000) and 4-series (64,000) with the China figures (123,000) to get a bit closer to the global figure of 415,000 cars for both 3/4 series.

Yes, you are right. Edited post

Thanks! Tesla's progress sure has been impressive even with the correct figures.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#176

Post by rconti »

drenvuk wrote: post #33
tw04 wrote: post #20

Earlier quoted context omitted.

Did they give any justification for the change? It makes absolutely no sense to me why you'd put an income cap on that - don't you wan to encourage EVERYONE to burn less fossil fuels, REGARDLESS of income?

What the GP posted is a bit misleading, you either get the rebate or the carpool lane stickers if you're over the cap but not both. It does suck but I think it's for the best. The hov lane in norcal is becoming relatively crowded lately since electric cars were a rarity before but not so much now.

They've been crowded at least since the yellow sticker 'Prius' program of, what, 2007?

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#177

Post by pkulak »

Zarel wrote: post #161
clouddrover wrote: post #143

Earlier quoted context omitted.

> with no established car maker able to match them yet. The Hyundai Kona EV is cheaper, has good range, and outperforms new model Teslas in 24-hour efficiency (interestingly finishing second to the original Tesla Roadster): https://insideevs.com/hyundai-kona-electric-gets-shockingly-... https://electrek.co/2018/12/23/tesla-roadster-24-hour-electr... Teslas are among the least reliable cars you can buy. If you want hi…

The last time this came up, many people said that the primary reason to buy a Tesla was for Autopilot, which I have not yet heard of another manufacturer with an equivalent product. I think another advantage Tesla has is the Supercharger station access.

I'd agree with you on autopilot. Though, I think all that most people want is good crash avoidance plus lane keeping and traffic-aware cruise on the freeway. A lot of other car companies are there as well, and I'm starting to believe that true level 5 is a decade off or totally impossible.

Supercharger access is becoming less of an exclusive as well. Electrify America is putting in a lot of stations (there's a couple near me right now, with about a dozen more planned) that support 150kW now (30 more than a Supercharger), and 350kW as soon as there's a car that can take it.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#178

Post by pkulak »

dmode wrote: post #159
clouddrover wrote: post #143

Earlier quoted context omitted.

> with no established car maker able to match them yet. The Hyundai Kona EV is cheaper, has good range, and outperforms new model Teslas in 24-hour efficiency (interestingly finishing second to the original Tesla Roadster): https://insideevs.com/hyundai-kona-electric-gets-shockingly-... https://electrek.co/2018/12/23/tesla-roadster-24-hour-electr... Teslas are among the least reliable cars you can buy. If you want hi…

Tesla just sold 63K Model 3s in a single quarter. Despite availability of Leaf and Bolt [both are cheaper]. None of the vehicles you have listed are true competitors to Tesla at this time. True competition will be something like an electric 3 series or C-class

The Jag and Audi are _absolutely_ competitors.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#179

Post by zaroth »

gamblor956 wrote: post #122
luckydata wrote: post #89

Earlier quoted context omitted.

We must be living on a different planet then if you never heard a Tesla owner go on and on about how much they love their cars. Before buying one 4 days ago I had plenty of that kind of experience.

I know quite a few Tesla owners, and they all love the idea of the car far more than the actual cars themselves. After about a week, reality sets in and the misaligned panels, haphazardly responsive touchscreen, and relatively pedestrian interior furnishings start becoming noticeable. After about 2 weeks, the Tesla owners who don't live in homes (i.e., condo/apartment dwellers) even start to get annoyed at the chargi…

As a Model 3 owner, I have never been happier or more impressed with any car I have ever driven.

It’s more fun to drive than my old Camero SS. It’s more comfortable than my old Infiniti. I absolutely love the interior aesthetic. And I just paid $3,500 to PPF wrap it because I think it’s absolutely gorgeous and I want to keep it looking that way.

Oh, and I paid $45k not $65k, and it saves me at least $100 a month on top of that.

You are blowing smoke with “roughly as comfortable as a Camry”. The ride quality is better than BMW in my opinion, and that’s before throwing in the mental benefits of Autopilot combined with no engine noise making my commute the most peaceful part of my day.

Re: Tesla cuts prices as Model 3 deliveries narrowly miss estimates

#180

Post by reaperducer »

wnorris wrote: post #4

The production and delivery numbers they came out with were very good and higher than most had expected. These numbers will allow them another profitable Q4 likely higher than their Q3 numbers. The price cuts are likely to impact margins, but is in line with what Tesla had done with the Model S and X as production efficiencies allow them to reduce manufacturing costs. The reaction looks like a big overreaction as the…

Seems like there is a lot of Tesla hate on the internet for some odd reason these days.

In part because there is a lot of money to be made in spreading Tesla hate on the internet these days.

Think short sellers, etc...

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