Tesla cuts car prices by up to $5k

#1

Post by xoxoy » Wed, May 27, 2020, 1:18 PM UTC

Tesla cuts car prices by up to $5k
theverge.com

Re: Tesla cuts car prices by up to $5k

#2

Post by mcot2 » Wed, May 27, 2020, 1:51 PM UTC

Besides the economic slowdown I suspect some of this is also the Model Y is eating into sales of the other 3 and this price adjustment is mostly to differentiate them a bit more.

Re: Tesla cuts car prices by up to $5k

#3

Post by brianwawok » Wed, May 27, 2020, 1:53 PM UTC

Makes sense. Model Y is picking up steam. I doubt they are selling 100% production of the other models (Y is eating a bit into sales of all 3). S and X are both in need of a refresh, they have worse battery tech than both the 3 and Y and missing some of the cool Y features (heat pump, octovalve).

Current wait is 8-12 weeks on a Y, and only a week or two on the rest.

In line for my first Tesla (a y). It has been a very different car buying experience!!

Re: Tesla cuts car prices by up to $5k

#4

Post by new_realist » Wed, May 27, 2020, 1:59 PM UTC

brianwawok wrote: post #3

Makes sense. Model Y is picking up steam. I doubt they are selling 100% production of the other models (Y is eating a bit into sales of all 3). S and X are both in need of a refresh, they have worse battery tech than both the 3 and Y and missing some of the cool Y features (heat pump, octovalve). Current wait is 8-12 weeks on a Y, and only a week or two on the rest. In line for my first Tesla (a y). It has been a ver…

If you expect reliability and quality, you also find the ownership experience to be different. I have owned three.

Re: Tesla cuts car prices by up to $5k

#5

Post by dvdbloc » Wed, May 27, 2020, 2:01 PM UTC

new_realist wrote: post #4

brianwawok wrote: post #3

Makes sense. Model Y is picking up steam. I doubt they are selling 100% production of the other models (Y is eating a bit into sales of all 3). S and X are both in need of a refresh, they have worse battery tech than both the 3 and Y and missing some of the cool Y features (heat pump, octovalve). Current wait is 8-12 weeks on a Y, and only a week or two on the rest. In line for my first Tesla (a y). It has been a ver…

If you expect reliability and quality, you also find the ownership experience to be different. I have owned three.

Please elaborate

Re: Tesla cuts car prices by up to $5k

#6

Post by amcoastal » Wed, May 27, 2020, 2:03 PM UTC

brianwawok wrote: post #3

Makes sense. Model Y is picking up steam. I doubt they are selling 100% production of the other models (Y is eating a bit into sales of all 3). S and X are both in need of a refresh, they have worse battery tech than both the 3 and Y and missing some of the cool Y features (heat pump, octovalve). Current wait is 8-12 weeks on a Y, and only a week or two on the rest. In line for my first Tesla (a y). It has been a ver…

Good luck! Tesla's are marvels of technology, but the lockdown they have on maintenance and repair -- which includes extremely high costs -- is enough to shy me away until we get a 'right-to-repair' law.

Re: Tesla cuts car prices by up to $5k

#7

Post by gpm » Wed, May 27, 2020, 2:05 PM UTC

People keep talking about batteries getting cheaper, how likely is it that this largely reflects changes in the cost to Tesla to produce these vehicles? On the flip side how likely is it that this is cutting substantially into Tesla's profit margin?

Re: Tesla cuts car prices by up to $5k

#8

Post by natch » Wed, May 27, 2020, 2:05 PM UTC

This has always been their stated plan, to pass on cost savings to customers as they get more efficient and profitable. They did some similar cuts last year. Nice to see it continuing.

Re: Tesla cuts car prices by up to $5k

#9

Post by lazyjones » Wed, May 27, 2020, 2:06 PM UTC

brianwawok wrote: post #3

Makes sense. Model Y is picking up steam. I doubt they are selling 100% production of the other models (Y is eating a bit into sales of all 3). S and X are both in need of a refresh, they have worse battery tech than both the 3 and Y and missing some of the cool Y features (heat pump, octovalve). Current wait is 8-12 weeks on a Y, and only a week or two on the rest. In line for my first Tesla (a y). It has been a ver…

> Current wait is 8-12 weeks on a Y, and only a week or two on the rest.

Here in Europe it's August for all of S/3/X.

Re: Tesla cuts car prices by up to $5k

#10

Post by xoxoy » Wed, May 27, 2020, 2:07 PM UTC

gpm wrote: post #7

People keep talking about batteries getting cheaper, how likely is it that this largely reflects changes in the cost to Tesla to produce these vehicles? On the flip side how likely is it that this is cutting substantially into Tesla's profit margin?

pricing rarely has anything to do with cost to produce, especially for goods are aren’t perceived as commodities