All things Tesla

[DanglingPointer 29]

Yes. I am now in dilemma about what to do. I was lucky to not get a car till now, but anyways the price drop isn't that significant for LR. I think, they still have lot of backlog in Germany/Europe and that's why prices are not lowered that much.

 

It might come down more in few months. I am just sitting idle and not bothering TSLA. They promised that all cards ordered in 2022 will be delivered in 2022, which didn't happen. Then they said that they will offset the 2k BAFA subsidy which is reduced from 2023, if someone didn't get car in 2022. Now I hope they can still offer the 2k BAFA and the reduced price whenever they deliver the car.

I would still wait 3 months if they don't offer me one. May be the price get reduced further and some new feature gets added.

 

 

[MikeMelga 7,242]

52 minutes ago, DanglingPointer said:

I would still wait 3 months if they don't offer me one. May be the price get reduced further and some new feature gets added.

I don't expect significant changes for the Model Y this year, unless Berlin ramps up very fast. The Model 3 will probably drop price with the refresh version.

[MikeMelga 7,242]

1 hour ago, fraufruit said:

Great minds.

 

It can also put off first-time buyers thinking the same may happen to them.

Nah, a 5k price decrease in this segment means doubling the number of addressable customers. There will always be people put off by these things, but many more will jump in.

Just this morning 2 of my friends in Portugal called me saying they were buying a Model Y.

[mtbiking 1,878]

Yep, that’s my feeling as well. Companies increase and drop prices - as they should- all the time in response to supply and demand dynamics. Otherwise capitalism does not work and you have cartels, socialism, etc.

 

The Tesla Y for €41,000 (after subsidies) is basically the car I was waiting for.

[vivanco 173]

Has the chip shortage issues been solved? 

[catjones 1,658]

3 hours ago, Janx Spirit said:

Okay, let’s grow fast as we can without putting the company at risk,’

 

Amazon's strategy too.  All the detractors said a company with no profits would fail....wait, there's someone at the door.  It's the Amazon driver delivering a package I ordered yesterday.

Bezos was clueless.  Just like Musk, they know nothing about marketing.

[MikeMelga 7,242]

55 minutes ago, vivanco said:

Has the chip shortage issues been solved? 

Partially. Crypto winter dropped demand significantly, and post-covid supply chain is getting better. But even before covid or crypto, there has been a chip shortage for a long time.

[scook17 247]

"The latest cut in China, along with another in October and recent incentives for Chinese buyers, mean a 13% to 24% reduction in Tesla's prices from September in its second-largest market after the United States, Reuters calculations showed."

https://www.reuters.com/technology/tesla-cuts-prices-model-3-model-y-china-2023-01-06/

 

Shame it's only China.

[MikeMelga 7,242]

Just to keep things in perspective, here is a nice comparison of price drops with 2022 and 2021 prices in US.

As you can see, prices dropped since last year, but are above prices from 2021. Basically they pushed them up during 2022 to take advantage of the huge worldwide demand for cars, which is now gone.

[catjones 1,658]

 

1 hour ago, MikeMelga said:

here is a nice comparison of price drops with 2022 and 2021 prices in US.

 

It's way too time consuming to compare world-wide Tesla country pricing with discounts, rebates, offsets. model features and comparisons with hybrids vs true EVs.  Some of the commenters here are treating Tesla cars as a commodity, strategizing buying as though it was TSLA.

Do they do that with BMW, VW, MB?

[murphaph 9,642]

https://www.engadget.com/tesla-implements-huge-us-price-cuts-across-its-lineup-083211088.html

 

Says between 1 and 17% reductions in Germany.

[catjones 1,658]

Deutsche Bank views Tesla cuts as 'bold offensive move';

 

Reiterates buy

https://www.investing.com/news/stock-market-news/deutsche-bank-views-tesla-cuts-as-bold-offensive-move-reiterates-buy-432SI-2980294

 

" we believe this likely is a bold offensive move, which secures Tesla’s volume growth, puts its traditional and EV competitors in great difficulty, and showcases Tesla’s considerable pricing power and cost superiority. 

 

" Deutsche Bank reiterated a Buy rating and $250.00 price target on Tesla

[MikeMelga 7,242]

Berlin is still doing an annualized manufacturing of 150.000 vehicles. It can still triple before reaching the goal. Texas the same. Shanghai is a bit on hold for a 2M expansion (conflicting rumors about Chinese state), but to be honest, it would be better to have a second factory in Asia, perhaps S. Korea. Too much risk on betting too much in China.

While other manufacturers are holding their EV plans during 2023, Tesla is going full force. In 2024, when inflation and interest rates goes to normal, other manufacturers will resume investment, while Tesla will already be producing above 2M cars per year. The scale benefits will just crush the competition for a few years. Everything being equal, a company making 200.000 EVs wont be able to compete with one making 2M.

At the same time, the refreshed Model 3 and potentially the Model 2 will create a huge demand for cheaper cars, ensuring growth for several years.

Dont be fooled by the end of year narrative about lack of demand. Tesla just pushed up prices in 2022 to the limit for profitability, now it's crushing time.

 

I was expecting this crush for 2025-2027 timeframe, but the high interest rates just made it happen now.

[Krieg 14,924]

Come on Tesla, bring down the Tesla 3 price in Germany to 40k and you will sell all you can produce.

[fraufruit 41,938]

4 minutes ago, Krieg said:

and you will sell all you can produce.

 

Erm, aren't they doing that already? Or is there no longer a long waiting list?

[Krieg 14,924]

On 1/5/2023, 6:53:51, catjones said:

 

 

As far as I know it is 43k.  If they reduce it to 40k it will qualify for the 4.5k bonus, which is for EVs up to 40k.

[mtbiking 1,878]

1 hour ago, Krieg said:

 

 

As far as I know it is 43k.  If they reduce it to 40k it will qualify for the 4.5k bonus, which is for EVs up to 40k.

you’re confusing netto with brutto. The way I understand it both models Y and 3 are now below €40,000 before tax and thus qualify for the 4.5k bonus.

[Krieg 14,924]

Thanks 👍

[fraufruit 41,938]

I'm just going to stick this here -

 

Quote

 

While jurisdictions like California and New York move toward banning the sale of new gasoline-powered cars, one US state wants to go in the opposite direction. Wyoming’s legislature is considering a resolution that calls for a phaseout of new electric vehicle sales by 2035. Introduced on Friday, Senate Joint Resolution 4 has support from members of the state’s House of Representatives and Senate.

In the proposed resolution, a group of lawmakers led by Senator Jim Anderson says Wyoming’s “proud and valued” oil and gas industry has created “countless” jobs and contributed revenue to the state’s coffers. They add that a lack of charging infrastructure within Wyoming would make the widespread use of EVs “impracticable” and that the state would need to build “massive amounts of new power generation” to “sustain the misadventure of electric vehicles.”

 

 

here

[HH_Sailor 3,532]

27 minutes ago, fraufruit said:

While jurisdictions like California and New York move toward banning the sale of new gasoline-powered cars, one US state wants to go in the opposite direction. Wyoming’s legislature is considering a resolution that calls for a phaseout of new electric vehicle sales by 2035.

 

Oh, aren't those lobbyists working hard behind the scenes...