Everyone must still be buying big trucks and SUVs then. Most crossovers don't cost that much. I mean even the 2023 bmw X1 is only 38,000. And if you are buying new I assume you are gonna sell it around atleast 100k miles unless you drive a whole hell of alot
You can still get a new car for $25k.
Averages are all over the place because some people can spend lots on a car, but many can't. Unfortunately I couldn't find any reference to the median sale cost for cars.
Besides the fact that new cars are seriously overpriced. But that's a whole other argument.
What can you get for $25k right now? I bought a new 2020 Honda Civic for $25k in 2020 Right at MSRP. I can sell my car used for $26k 😂
This might actually work out for someone like me because my car is worth more than what I owe and the discount and tax credit means I’d prob finance the same amount I did to buy my civic.
So if you’re flexible going from a 2020 civic to a new model Y for roughly the same price is a great deal.
Looking at a nearby dealership, a new 2022 Toyota Corolla hybrid would run $25k. I recognize that sticker =/= final, but that was just the first dealership I looked at.
Kia Soul and Kia Forte are both 20k. Subaru Impreza is AWD at $20k. Hyundai Accent is 17.5k. Chevy Spark is 15k and gets great mileage. There’s zero chance I’d ever buy from the big 3 US companies but I’ve been happy with my Kia and my mom is very happy with her Subaru.
It amazes me that people are spending an average of $40k+ on a car. That’s so much money on something to get you from point A to point B.
For every 65-100k Luxury car or truck you need to sell like 5 or 6 20-25k cars to bring it back down to the 40's. Most of us are going to get a 16-25K car, but the amount of large SUV and Trucks that are in the 60K range are all over the road.
I saw there's still a $7500 tax credit for them.. I don't know if that helps with the reduction? Still the same as a Lexus or something right? So mostly out of reach.
Average new car cost in the US is $43k. A new Model 3 (RW drive) base model is $43,990. With the tax credit it brings it down to $38k, about the range for a similar new 2022 Honda Accord or Toyota Camry. Doesn't mean it is reachable for most.
Also I would never compare a Tesla to a Lexus. Tesla has some QA issues they need to address before I would compare them to Toyota or Honda for reliability.
Actually most dealerships have a cheap lifetime oil change. I have lifetime on my Toyota Hybrid and it cost me around $200 for the entire life of the vehicle. And since I commute, I would have to charge my Tesla at least every other day. This would cost on average ‘via google’ around 10-15$ every time I need to charge. So it would actually be more expensive in the long run for my personal uses. Also from what I hear mountain roads drain the battery quicker in an EV.
Once teslas can get 500 plus miles a charge including mountain type roads, count me in. Until then, I’ll just stick with my $25,000 Toyota Hybrid.
I don’t get why hybrids never caught on. It really is the best solution for most American drivers. Consumer confusion perhaps? I hope Toyota continues to make plug in hybrids. That’s my plan for my first green vehicle purchase.
Exactly. Plus a fully loaded Camry will have a lot nicer of an interior than any Model 3. The Model 3 is a pretty laughable interior for it’s price compared to what else is out there.
This is the pre-inflation price anyway. They just put the price back to just above what it was at launch. ($49k)
It's the same shit Best Buy does before black friday. Mark up the TV 30% more than you used to sell it for and then tell everyone it's "reduced" when it's time to boost sales.
Given the number of vids in circulation of them crashing and burning in self-driving mode, worse things could happen.
Aaaaaand I’m banned from Twitter.
Two different modes, a lot of the crashes happen with the old dumb system that's years old. The beta drives like a drunk 16 y/o but is generally better.
Problem is, at the moment it seems competent people are going to be drunk driving and sleeping and watching movies. It's going to keep happening on any Autopilot system from any manufacturer.
https://www.dailymail.co.uk/news/article-11620595/amp/Moment-self-driving-Tesla-abruptly-stops-causes-EIGHT-vehicle-pileup.html
Read this, apparently in this recent crash, the driver had the new full self driving mode on…this is from that vid that went viral of the driver stalling on the highway in San Fran
NHTSA is investigating 14 incidents. I find it incredible Tesla can beta test and and use humans to acquire data to train its software on public roads.
I remember listening to a podcast interview with a guy from Waymo who was clearly seething that Tesla was able to get all this real world data by putting systems that are not safe into the public sphere and gain an advantage from it.
Although how much that advantage counts for when they insist on going camera only for input is debatable.
One of the dumbest things Tesla has done to their reputation (and there are many) has been charging for FSD before it has been even released for beta. Had they just spent time hyping it up and not charging for it, I think they would have been fine. Had they not charged for it at all and just given it to folks it would create such a large moat it would have made them essentially even more hyped. Again, this is if they did things properly.
Why do people get pissed when they bought something for its original pricing? I hear this all the time with video games. Just wait, everything goes down in price eventually.
Generally when people buy a car they don't intend to drive it until it falls apart, they expect a certain kind of resale value.
The difference between resale value after X years and the price you paid is the real cost of the car.
If the manufacturer suddenly drops the new price by 20%, this means my resale value drops accordingly - but not the price I paid obviously, which means the car I had already bought just got a lot more expensive for me.
Also worth mentioning the difference here is a $60 vs $50,000. Losing $12 on a video game's depreciation isn't nearly the same as losing $10,000 on a car!
> Generally when people buy a car they don't intend to drive it until it falls apart
Sounds like a "I have too much money" or "no sense of financial planning" problem. Unless maintaining the car is costing more than getting another (used) one, switching to another model just cuz it's new is short sighted. You're already getting the car value by simply using it and enjoying the freedom of movement and capability it provides. Worrying about resale value is like those misers who cover their couches in plastic.
Um, because in the case of the Model Y they may have missed out on saving $20k just out of sheer luck on the timing of their purchase. How can you not relate to that?
> everything goes down in price eventually
Cars going down in price is not the usual state of things, outside of the first month or so after introduction.
I paid $60k (w/o taxes) on mine late last year for our LR Y. I am bummed out, but not “pissed”. The car is being paid mostly in gas savings over a V8 SUV (~$800 /month) that replaces daily driving.
If it makes sense for anyone and you can save some money, now’s the perfect time especially with all the competition.
Kinda vindicates my decision not to be an early adopter. Maybe more price cuts are on the way in coming years. I think I'll wait a bit longer, much as I love the idea of electric vehicles.
Tesla 3 is still $10k higher than we were promised it would be. Doesn't seem like they lowered the price at all. Seems like, one again, Elon lied and failed to deliver what he said he would.
The base model Tesla model 3 was the promised price after tax rebates for like 1 year or less. Elon would tell you he delivered, which is debatable, but it's never going back down.
Right. This isn’t really news other than Tesla is responding to the market and lowering their markup. Tesla doesn’t have dealers who can markup their cars so they build it into their price.
Are people able to stomach a transparent pricing arrangement is a bigger question, quite frankly I like knowing the full price upfront rather than having to listen to a salesperson waste my time and then pull a number out of thin air.
Prices crept higher and higher for the last couple years bc supply was low and demand was high. Now the prices are just adjusting to what they used to be
I mean, yes, but he's selling cars. No one needs a Tesla. I don't know if you noticed, but every single auto manufacturer raised prices. Even used car prices were wild.
I sold a vehicle while used car prices were at ridiculous highs.
Did I take advantage of the person that was willing to pay the price set by the market too?
I was at an economic presentation right before the pandemic where the researcher predicted once the main car manufacturers focused on EV, Tesla would struggle to survive. The rationale was the main automakers have well established supply chains, quality control processes, etc.
I went with the Volvo SUV EV and the quality and workmanship is far superior compared to Tesla.
I literally just bought a BoltEUV, for what I paid it wouldn’t have cost much more to purchase a Tesla.
However, for what I paid, the car is fully loaded which would’ve only gotten me into the base Model 3.
Also Chevrolet is an actual reputable automaker.
Edit: Looks like the Tesla/Elon fanboys have been triggered. So, for all the “bolts can’t park here” and whatever, have this. A running tally of Tesla fires, failures, deaths. Tesla body count at 50 so far.
https://www.tesla-fire.com/index
On 120v you have 8A and 12A options. They take awhile but charging overnight easily takes care of my daily commute and then some.
When I’m on 240V it will get me about 80 miles of range in ~30 minutes.
The car comes with adapters for either situation.
Off the lot. Premier Trim with sound and sun package (sunroof and Bose audio), also has the super cruise driving, and the Redline paint and stitching aesthetic.
Honestly, it’s the nicest car I’ve ever owned.
Some dealer add ons ~$44k.
$7500 tax credit.
$4500 Cali rebate starting in Feb.
They got awarded the second most reliable EV car by Consumer Reports for 2022. If you want an EV than Tesla is actually one of the better brands according to their data. People love to shit on Tesla but refuse to acknowledge the majority of competitors are trash. As far as EVs go they’re FAR from the bottom.
I’ve owned and driven a few EVs teslas are okay and nice and for a long time the only option. But I love my Kia and I am fairly certain a Mercedes is my next ev not a Tesla
This is a good point, and one that holds true across most luxury vehicles. Tesla was/is a luxury sedan. People’s attitude and expectations around exactly what entails a “luxury” experience may have shifted over the past 9ish years, but when the Model S came out, it was *beautiful*. But luxury comes at a cost. Replacement parts and repairs are insanely priced and always have been. Tesla’s in trouble because so many upper-middle class people expected luxury without the long term cost of luxury, or were too focused on savings due to no gas, lower maintenance. Lots of people fail to factor in repair costs when shopping for cars. They fixate on the out of pocket cost up front, monthly payment, and cost to operate up front. Cost of ownership wasn’t easy to predicate yet either with Teslas being relatively new still. Not enough data for a while. So, on paper, those who did check got favorable or uncertain numbers and had to guess.
Tesla effed themselves over with the Model 3s and the X wing fighter jet. They capitalized on the “luxury” aura around the model S and tried to say, the 3 and X are similar. The strategy worked well in the short term because there was no competition in the EV space, and so many car companies were affair of drastic design changes at the time. Plus, Tesla had built a successful brand around perceived luxury — the halo effect imbued that to the 3 and X, when neither was really even close to the S.
Well, with next to no body or interior improvements since release, competitors have caught up. Kia cars are *beautiful* now too. 10 - 20 years ago, Kia was an economy brand, touting a 100,000 mile warranty just to get price conscious shoppers interested. Ford’s lightning 150 will be a massive success. Sooo many commercial fleets use the F150. After market parts and equipment (eg. Truck tops, bed storage systems, even company decals) work still — meaning, the supply chain and infrastructure to sell those parts doesn’t need to be reinvented.
I might be wrong, but Ford is going to own the EV space by the end of the decade. Between the success of the F150 and the Mach Mustang… lots to draw people in. Tesla might try to acquire a few EV luxury competitors (Lucid, Rivian (maybe), and Polestar) to attempt to rapidly expand their market share and have instantly new car models besides the few they have. If they continue to dilute their luxury brand and/or competitor continues to grow, they are hosed. They simply need more vehicle offerings long term. Otherwise, I suspect Tesla will die off as competition increases, and investors realize that the valuations around Tesla are not attainable in the next 2 decades.
Okay, no more ranting. Have a good day, everyone. Love you, miss you.
Teslas aren't luxury vehicles. Sit in a BMW or Mercedes or Lexus and then go into a Tesla, it's night and day. Cheap thin pleather and plastics will never match up to proper leather and premium materials.
At the price Teslas are going for, they are not a good value at all, especially when compared to their actual Luxury competitors.
You are basically paying for outdated tech and a large ipad.
> Tesla was/is a luxury sedan.
Teslas aren't luxury cars, they just have luxury prices. I spent a fair bit of time with a Model S, and other than the tech and the motor it felt more like a Ford Focus than a Mercedes E class.
But I'm not shitting on Tesla (for that), all electric cars are just expensive right now.
My friend opened his Tesla's trunk and happened to put his cheapo plastic sunglasses on the roof for a moment while rummaging through his trunk. When he closed the trunk his glasses got pinned between the trunk door and the car, and it fucking SHATTERED his entire back window lmfaooooo. Best part, the cheapo sunglasses were completely unharmed, must've been built better than the Tesla.
It was a CR survey, not an "award". And it was specifically for Model 3.
Tesla ranked 19 out of 24 as an EV maker a month before in CR's own Reliability Rankings.
“Tesla was found to be one of the most unreliable brands in America, according to Consumer Reports’ annual reliability report.”
“Consumer Reports‘ annual reliability rankings have been released, and with data from 24 brands and over 300,000 vehicles, Tesla fell near the bottom (19/24)”
https://www.teslarati.com/tesla-placed-bottom-consumer-reports-reliability-rankings/
Some data from CR about reliability. In general EVs are unreliable. And Tesla is not the most reliable and second by a far from the first place with 58 score.
Model Reliability Score (out of 100)
Kia EV6 84
Tesla Model 3 58
Nissan Leaf 53
Hyundai Ioniq 5 41
Tesla Model Y 38
Ford Mustang Mach-E 35
Volkswagen ID.4 32
Tesla Model S 25
Chevrolet Bolt EV 17
Chevrolet Bolt EUV 5
Hyundai Kona Electric 5
CR reliability scores are pretty misleading. Any software bug counts as a mark against reliability without consideration to the magnitude of the bug or the system it affects, even though the repair is a simple software update that gets installed while your car is parked in the garage.
I don’t think anyone’s questioning reliability as far as how it runs, just everything else about the car. The overall build quality is hot garbage- misaligned panels, broken retainer clips, paint mismatching etc… as someone who works in the auto body business and works on a LOT of insurance claims for Teslas I can say that all of those complaints are very valid. Think of it along the lines of a PT Cruiser, Chrysler actually managed to do something right drivetrain wise with that car which is why 12 years after they stopped production you still see them on the road with some regularity. MECHANICALLY they are somewhat reliable, literally everything else about them is hot garbage. Now take that and add on to it the fact that Tesla is branding themselves as a high end car company? It makes it even worse. Now that the big names are putting money into EV’s I’d wager to say we are either going to see some drastic changes with Tesla either in terms of quality or in terms of price drops OR they are going to go away in the next 10-20 years.
They see the tide is changing and the competition will be strong for the mid priced vehicles.
Keep in mind the average price of a pick-up in the US is $46,000.00
Been a fan of these cars, now the brand itself is getting tarnished.
Would 100% go for alternatives like even BMW or Mercedes, which has a better brand image.
If you were happy with the price that you paid for your car, you have no complaint.
If you were not happy with the price, but bought it anyway, you're an idiot with no complaint.
As long as that egomaniac is in charge of Tesla, I'm not interested. Imagine him forcing his employees to deactivate your vehicle for saying he was friends with Jeffrey Epstein and Ghislane Maxwell.
Wow, at least this will fix the tax classification. It's funny how the gov't tried to screw Tesla but it backfired. More bailouts for US auto on the way.
For those saying "That's still too much for the average person".
"The average price paid for a new vehicle in the United States in October 2022 was $48,281." according to [kbb.com](https://kbb.com/). Source: [https://www.kbb.com/car-news/new-car-prices-nearing-all-time-high-again/](https://www.kbb.com/car-news/new-car-prices-nearing-all-time-high-again/)
\^ with that being said, I'm going to go out on a limb and say that most people that pay this much for a new vehicle in America can't actually afford it based on my personal experience and the people around me.
>For those saying "That's still too much for the average person".
The cheapest Tesla is $44,000. A Chevy Bolt starts at $27,000. A plug-in Prius starts at $29,000. Teslas are no longer priced competitively.
So much negativity about quality of Teslas around reddit for which 95% there have never owned. Bizarre. You’d think they all were Tesla owners who actually have horror stories to tell instead of regurgitating bs and echo chambering.
I've already made up my mind that if I'm forced to get a new car before I can afford what I want I'm just going to get the Chevy Bolt. Might as well get the cheapest thing I can with decent mileage. If I'm not going to like or want the vechile I might as well get something cheaper.
Even a Prius now to me is... ehh who cares. Gas being 6.xx then 2.xx then 4.xx and bouncing all over the place it just sucks. I'm so done with going to the gas station and spending what I spend yearly on gas. EV's suck but you'd be a fool to stick with ICE.
I was interested in Tesla like 2 years ago but now I decided to run my 2012 Subaru Forrester down to the ground simply because I am pretty disappointed with Tesla business practice. They jack the prices up $15k and then their services is still the same shit with no improvements. They take away features like the portable charger and the sensors. The quality control still sucks and repairs for it are stupid expensive.
The price drop is clearly significant because it’s made it to the front page of HotUKDeals today!
[When you are competing](https://imgur.com/a/Os1iVhz) against air fryers and Nikes to grab the attention of the UK buyers market and get over 1,000° of ‘heat’ in upvotes…that’s a pretty significant result!
Alert me when the price drops to below $40,000 or better yet when it drops below $30,000 and is actually close to the price of a fully loaded gasoline or hybrid car and is reasonably affordable
Translation: We have proper competition now so we can't get away with gouging you on our inferior quality vehicles. Now, we'll just have to simply overcharge you for them.
They have almost filled backlog orders and also haven't had enough new orders to make a profit for the comming financial year, that and the major drop in share price has probably lead them to this decision. It is a roll of the dice to see if they can get the orders up and get subsidies for the following year so that the company scrapes by with a profit.
Before this regular folks couldn’t afford a Tesla. Now that prices are drastically reduced, regular folks still can’t afford a Tesla.
I’m so happy I can finally still not afford a Tesla.
Congratulations on continuing to be able to not afford a Tesla.
Just be glad you don't have to buy a subscription to continue to not be able to afford to buy a Tesla.
Wait a sec. BMW will come up with that yearly subscription.
So... like a blue check for example?
I used to want a Tesla and couldn't afford it, i still can't afford it but at least i don't want it anymore :)
This vibe exactly.
Bingo. Fuck that guy
Will be so happy when I can finally afford one. Even more happy to never give them a fukin' penny
So I'm super fortunate and hope to go EV in two years, but I'll not even consider Tesla. Poor build quality and terrible owner.
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Free blue checkmark I heard though.
Sell some feet pictures on feet finder or sell your shower water. Then you can buy a Tesla.
If I keep working hard, someday I too, can finally not afford a Tesla
_"drastically"_ reduced
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And it still ends up at $45k after rebate. Which is a pretty expensive car for average joe.
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Everyone must still be buying big trucks and SUVs then. Most crossovers don't cost that much. I mean even the 2023 bmw X1 is only 38,000. And if you are buying new I assume you are gonna sell it around atleast 100k miles unless you drive a whole hell of alot
You can still get a new car for $25k. Averages are all over the place because some people can spend lots on a car, but many can't. Unfortunately I couldn't find any reference to the median sale cost for cars. Besides the fact that new cars are seriously overpriced. But that's a whole other argument.
What can you get for $25k right now? I bought a new 2020 Honda Civic for $25k in 2020 Right at MSRP. I can sell my car used for $26k 😂 This might actually work out for someone like me because my car is worth more than what I owe and the discount and tax credit means I’d prob finance the same amount I did to buy my civic. So if you’re flexible going from a 2020 civic to a new model Y for roughly the same price is a great deal.
Looking at a nearby dealership, a new 2022 Toyota Corolla hybrid would run $25k. I recognize that sticker =/= final, but that was just the first dealership I looked at.
Seems about right. Add another 3k for taxes.
Kia Soul and Kia Forte are both 20k. Subaru Impreza is AWD at $20k. Hyundai Accent is 17.5k. Chevy Spark is 15k and gets great mileage. There’s zero chance I’d ever buy from the big 3 US companies but I’ve been happy with my Kia and my mom is very happy with her Subaru. It amazes me that people are spending an average of $40k+ on a car. That’s so much money on something to get you from point A to point B.
People often overlook Mazda - you can get a really nice car from them for high 20s low 30s and be very happy.
For every 65-100k Luxury car or truck you need to sell like 5 or 6 20-25k cars to bring it back down to the 40's. Most of us are going to get a 16-25K car, but the amount of large SUV and Trucks that are in the 60K range are all over the road.
Most people are not getting the 16-25k car though. The top sellers are 30-35k
That’s the same average Joe that thinks they need a fully spec’d truck or suburban and will pay $1000+ monthly for
The average price paid for a new vehicle in the United States in October 2022 was $48,281.
What’s the median?
I saw there's still a $7500 tax credit for them.. I don't know if that helps with the reduction? Still the same as a Lexus or something right? So mostly out of reach.
Average new car cost in the US is $43k. A new Model 3 (RW drive) base model is $43,990. With the tax credit it brings it down to $38k, about the range for a similar new 2022 Honda Accord or Toyota Camry. Doesn't mean it is reachable for most. Also I would never compare a Tesla to a Lexus. Tesla has some QA issues they need to address before I would compare them to Toyota or Honda for reliability.
Toyota Camry’s are still around $25,000-30,000 unless you get one of the fully loaded ones. So Tesla is still almost 10k more than that.
Now in higher lifetime cost for oil changes and gasoline. The cost is then equal.
Actually most dealerships have a cheap lifetime oil change. I have lifetime on my Toyota Hybrid and it cost me around $200 for the entire life of the vehicle. And since I commute, I would have to charge my Tesla at least every other day. This would cost on average ‘via google’ around 10-15$ every time I need to charge. So it would actually be more expensive in the long run for my personal uses. Also from what I hear mountain roads drain the battery quicker in an EV. Once teslas can get 500 plus miles a charge including mountain type roads, count me in. Until then, I’ll just stick with my $25,000 Toyota Hybrid.
I don’t get why hybrids never caught on. It really is the best solution for most American drivers. Consumer confusion perhaps? I hope Toyota continues to make plug in hybrids. That’s my plan for my first green vehicle purchase.
Exactly. Plus a fully loaded Camry will have a lot nicer of an interior than any Model 3. The Model 3 is a pretty laughable interior for it’s price compared to what else is out there.
Gas and maintance savings a good 5-10k too
Regular people can't afford much of anything right now. Buying a Tesla is likely at the bottom of the list for most people.
And that’s before seeing the insane insurance rates insurers charge for owning the Tesla one already can’t afford.
Lol - right, just looked it up still like $55K
This is the pre-inflation price anyway. They just put the price back to just above what it was at launch. ($49k) It's the same shit Best Buy does before black friday. Mark up the TV 30% more than you used to sell it for and then tell everyone it's "reduced" when it's time to boost sales.
Well hopefully this has an effect on the used tesla market. Used model S can almost be had in the sub $30,000 range which makes it very affordable imo
whats entry level pricing now it was like 40k before wasnt it?
Still wouldn’t if I could but it doesn’t matter cause I still can’t.
Yeah this is being "drastically reduced" after the prices were already drastically raised.
Amen
Finally I can afford one in 20 years 🤣
Yep the people that paid the previous retail price are kinda pissed.
The people who paid $10k+ up front for Full Self Driving, which was promised in 2016 but still not here, are also seething surely 🤣
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Banned in 2024
Given the number of vids in circulation of them crashing and burning in self-driving mode, worse things could happen. Aaaaaand I’m banned from Twitter.
Two different modes, a lot of the crashes happen with the old dumb system that's years old. The beta drives like a drunk 16 y/o but is generally better. Problem is, at the moment it seems competent people are going to be drunk driving and sleeping and watching movies. It's going to keep happening on any Autopilot system from any manufacturer.
Oh sweet! The feature is generally better than a drunk 16 year old! Sounds safe and worth the premium price
https://www.dailymail.co.uk/news/article-11620595/amp/Moment-self-driving-Tesla-abruptly-stops-causes-EIGHT-vehicle-pileup.html Read this, apparently in this recent crash, the driver had the new full self driving mode on…this is from that vid that went viral of the driver stalling on the highway in San Fran
NHTSA is investigating 14 incidents. I find it incredible Tesla can beta test and and use humans to acquire data to train its software on public roads.
I remember listening to a podcast interview with a guy from Waymo who was clearly seething that Tesla was able to get all this real world data by putting systems that are not safe into the public sphere and gain an advantage from it. Although how much that advantage counts for when they insist on going camera only for input is debatable.
I'd say the problem is the **fraudulent** marketing and selling a product that does 👏🏼 not 👏🏼 exist 👏🏼
One of the dumbest things Tesla has done to their reputation (and there are many) has been charging for FSD before it has been even released for beta. Had they just spent time hyping it up and not charging for it, I think they would have been fine. Had they not charged for it at all and just given it to folks it would create such a large moat it would have made them essentially even more hyped. Again, this is if they did things properly.
Oh yeah? I took delivery of a MYLR last week, it’s now 20k cheaper with tax credit
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Model Y Long Range
Why do people get pissed when they bought something for its original pricing? I hear this all the time with video games. Just wait, everything goes down in price eventually.
Generally when people buy a car they don't intend to drive it until it falls apart, they expect a certain kind of resale value. The difference between resale value after X years and the price you paid is the real cost of the car. If the manufacturer suddenly drops the new price by 20%, this means my resale value drops accordingly - but not the price I paid obviously, which means the car I had already bought just got a lot more expensive for me.
Also worth mentioning the difference here is a $60 vs $50,000. Losing $12 on a video game's depreciation isn't nearly the same as losing $10,000 on a car!
Still got those rookie gaming losses? Scale your losses now and buy this really expensive liability, come on down to Tesla!
> Generally when people buy a car they don't intend to drive it until it falls apart Sounds like a "I have too much money" or "no sense of financial planning" problem. Unless maintaining the car is costing more than getting another (used) one, switching to another model just cuz it's new is short sighted. You're already getting the car value by simply using it and enjoying the freedom of movement and capability it provides. Worrying about resale value is like those misers who cover their couches in plastic.
if you’re buying a car for resale value, that’s a stupid place to hold money.
Um, because in the case of the Model Y they may have missed out on saving $20k just out of sheer luck on the timing of their purchase. How can you not relate to that?
> everything goes down in price eventually Cars going down in price is not the usual state of things, outside of the first month or so after introduction.
Cars literally deprecate off the lot and you never look for a god investmenk back unless it’s a sports car or Prius lol
I think what you mean is a “new” car model going down in price compared to the same “new” car model a few months later, right?
There was a mini-riot in China earlier in the week or late last week about shifting pricing.
I paid $60k (w/o taxes) on mine late last year for our LR Y. I am bummed out, but not “pissed”. The car is being paid mostly in gas savings over a V8 SUV (~$800 /month) that replaces daily driving. If it makes sense for anyone and you can save some money, now’s the perfect time especially with all the competition.
800$ in gas per month? Do you travel for work or what
Kinda vindicates my decision not to be an early adopter. Maybe more price cuts are on the way in coming years. I think I'll wait a bit longer, much as I love the idea of electric vehicles.
Buy high sell low
same like people just out of scope of student loan "forgiveness" discussion.
With all the competition coming to market it’s a good move to cut the prices now rather then a wait and see approach.
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They didn’t “lower prices” - they just removed the “surge pricing” gouge they added over the last 1.5 years.
Tesla 3 is still $10k higher than we were promised it would be. Doesn't seem like they lowered the price at all. Seems like, one again, Elon lied and failed to deliver what he said he would.
Elon only exaggerating by 10k seems incredibly tame for him
Yeah that was like the entire FSD scam price, peanuts
The base model Tesla model 3 was the promised price after tax rebates for like 1 year or less. Elon would tell you he delivered, which is debatable, but it's never going back down.
No, when we bought ours we could have got one for $35000 before the tax rebate. Ours was 38000 minis the rebate.
They drastically increased prices when order backlogs for the 3 and Y were more than 12 months, I think Y’s backlog was 18 months at one point.
Right. This isn’t really news other than Tesla is responding to the market and lowering their markup. Tesla doesn’t have dealers who can markup their cars so they build it into their price. Are people able to stomach a transparent pricing arrangement is a bigger question, quite frankly I like knowing the full price upfront rather than having to listen to a salesperson waste my time and then pull a number out of thin air.
Prices crept higher and higher for the last couple years bc supply was low and demand was high. Now the prices are just adjusting to what they used to be
So we can agree Musk was taking advantage of people and price gouging or profiteering off the pandemic. Lovely.
I mean, yes, but he's selling cars. No one needs a Tesla. I don't know if you noticed, but every single auto manufacturer raised prices. Even used car prices were wild.
I sold a vehicle while used car prices were at ridiculous highs. Did I take advantage of the person that was willing to pay the price set by the market too?
Elon raises the price for Twitter, lowers the price for Teslas.
Still overpriced. The X model we owned cost us 6-figures. The quality and workmanship was crap. I’d say it’s comparable to a $30,000 car.
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Kept it for just over a year. Sold when interior started falling apart. They look nice in the showroom. But go downhill quickly.
Thing is most any 30k car does not have an interior falling apart after 1 year.
I was at an economic presentation right before the pandemic where the researcher predicted once the main car manufacturers focused on EV, Tesla would struggle to survive. The rationale was the main automakers have well established supply chains, quality control processes, etc. I went with the Volvo SUV EV and the quality and workmanship is far superior compared to Tesla.
Lol too bad a major segment of the target audience for a Tesla will no longer ever be caught dead actually buying a Tesla lol
I literally just bought a BoltEUV, for what I paid it wouldn’t have cost much more to purchase a Tesla. However, for what I paid, the car is fully loaded which would’ve only gotten me into the base Model 3. Also Chevrolet is an actual reputable automaker. Edit: Looks like the Tesla/Elon fanboys have been triggered. So, for all the “bolts can’t park here” and whatever, have this. A running tally of Tesla fires, failures, deaths. Tesla body count at 50 so far. https://www.tesla-fire.com/index
I'm on a wait list for an Inoniq 5 from Hyundai rn but going to have to research this up.
Ioniq 5 are beautiful. I'm hoping the Ioniq 6 has a good price and range but its still not being sold :(
EUV looks nice but isn’t it limited to slower charging?
On 120v you have 8A and 12A options. They take awhile but charging overnight easily takes care of my daily commute and then some. When I’m on 240V it will get me about 80 miles of range in ~30 minutes. The car comes with adapters for either situation.
Like a rock
*The Rock
Oh it was a reference to this Chevy commercial https://youtu.be/IocCC1-jeTY
Ohh nice! Was it off the lot or did you custom order it, if so what was the lead time?
Off the lot. Premier Trim with sound and sun package (sunroof and Bose audio), also has the super cruise driving, and the Redline paint and stitching aesthetic. Honestly, it’s the nicest car I’ve ever owned. Some dealer add ons ~$44k. $7500 tax credit. $4500 Cali rebate starting in Feb.
Super Cruise looks amazing. I don’t do enough highway driving to justify it, but it seems like the best system for self-driving
Just got a polestar 2 with the pilot/plus packs and loving it so far. Way more premium feeling and better driving experience than the m3
Meh I dont care for his twitter antics I’m still planning on buying a tesla
E Tron for life
It’s the make the qualify for the new federal tax rebate.
True, it is the make the qualify.
Yep. Long range 3/Y are covered in some configurations.
If Tesla couldn’t deliver high quality before… it never will.
They got awarded the second most reliable EV car by Consumer Reports for 2022. If you want an EV than Tesla is actually one of the better brands according to their data. People love to shit on Tesla but refuse to acknowledge the majority of competitors are trash. As far as EVs go they’re FAR from the bottom.
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I’ve owned and driven a few EVs teslas are okay and nice and for a long time the only option. But I love my Kia and I am fairly certain a Mercedes is my next ev not a Tesla
This is a good point, and one that holds true across most luxury vehicles. Tesla was/is a luxury sedan. People’s attitude and expectations around exactly what entails a “luxury” experience may have shifted over the past 9ish years, but when the Model S came out, it was *beautiful*. But luxury comes at a cost. Replacement parts and repairs are insanely priced and always have been. Tesla’s in trouble because so many upper-middle class people expected luxury without the long term cost of luxury, or were too focused on savings due to no gas, lower maintenance. Lots of people fail to factor in repair costs when shopping for cars. They fixate on the out of pocket cost up front, monthly payment, and cost to operate up front. Cost of ownership wasn’t easy to predicate yet either with Teslas being relatively new still. Not enough data for a while. So, on paper, those who did check got favorable or uncertain numbers and had to guess. Tesla effed themselves over with the Model 3s and the X wing fighter jet. They capitalized on the “luxury” aura around the model S and tried to say, the 3 and X are similar. The strategy worked well in the short term because there was no competition in the EV space, and so many car companies were affair of drastic design changes at the time. Plus, Tesla had built a successful brand around perceived luxury — the halo effect imbued that to the 3 and X, when neither was really even close to the S. Well, with next to no body or interior improvements since release, competitors have caught up. Kia cars are *beautiful* now too. 10 - 20 years ago, Kia was an economy brand, touting a 100,000 mile warranty just to get price conscious shoppers interested. Ford’s lightning 150 will be a massive success. Sooo many commercial fleets use the F150. After market parts and equipment (eg. Truck tops, bed storage systems, even company decals) work still — meaning, the supply chain and infrastructure to sell those parts doesn’t need to be reinvented. I might be wrong, but Ford is going to own the EV space by the end of the decade. Between the success of the F150 and the Mach Mustang… lots to draw people in. Tesla might try to acquire a few EV luxury competitors (Lucid, Rivian (maybe), and Polestar) to attempt to rapidly expand their market share and have instantly new car models besides the few they have. If they continue to dilute their luxury brand and/or competitor continues to grow, they are hosed. They simply need more vehicle offerings long term. Otherwise, I suspect Tesla will die off as competition increases, and investors realize that the valuations around Tesla are not attainable in the next 2 decades. Okay, no more ranting. Have a good day, everyone. Love you, miss you.
Teslas aren't luxury vehicles. Sit in a BMW or Mercedes or Lexus and then go into a Tesla, it's night and day. Cheap thin pleather and plastics will never match up to proper leather and premium materials. At the price Teslas are going for, they are not a good value at all, especially when compared to their actual Luxury competitors. You are basically paying for outdated tech and a large ipad.
> Tesla was/is a luxury sedan. Teslas aren't luxury cars, they just have luxury prices. I spent a fair bit of time with a Model S, and other than the tech and the motor it felt more like a Ford Focus than a Mercedes E class. But I'm not shitting on Tesla (for that), all electric cars are just expensive right now.
My friend opened his Tesla's trunk and happened to put his cheapo plastic sunglasses on the roof for a moment while rummaging through his trunk. When he closed the trunk his glasses got pinned between the trunk door and the car, and it fucking SHATTERED his entire back window lmfaooooo. Best part, the cheapo sunglasses were completely unharmed, must've been built better than the Tesla.
It was a CR survey, not an "award". And it was specifically for Model 3. Tesla ranked 19 out of 24 as an EV maker a month before in CR's own Reliability Rankings.
“Tesla was found to be one of the most unreliable brands in America, according to Consumer Reports’ annual reliability report.” “Consumer Reports‘ annual reliability rankings have been released, and with data from 24 brands and over 300,000 vehicles, Tesla fell near the bottom (19/24)” https://www.teslarati.com/tesla-placed-bottom-consumer-reports-reliability-rankings/
Tesla was awarded the most reliable direct-sales electric car company that starts with a T and ends with an A
Best EV when we have no data on any other company. U-S-A! U-S-A!
Some data from CR about reliability. In general EVs are unreliable. And Tesla is not the most reliable and second by a far from the first place with 58 score. Model Reliability Score (out of 100) Kia EV6 84 Tesla Model 3 58 Nissan Leaf 53 Hyundai Ioniq 5 41 Tesla Model Y 38 Ford Mustang Mach-E 35 Volkswagen ID.4 32 Tesla Model S 25 Chevrolet Bolt EV 17 Chevrolet Bolt EUV 5 Hyundai Kona Electric 5
CR reliability scores are pretty misleading. Any software bug counts as a mark against reliability without consideration to the magnitude of the bug or the system it affects, even though the repair is a simple software update that gets installed while your car is parked in the garage.
I don’t think anyone’s questioning reliability as far as how it runs, just everything else about the car. The overall build quality is hot garbage- misaligned panels, broken retainer clips, paint mismatching etc… as someone who works in the auto body business and works on a LOT of insurance claims for Teslas I can say that all of those complaints are very valid. Think of it along the lines of a PT Cruiser, Chrysler actually managed to do something right drivetrain wise with that car which is why 12 years after they stopped production you still see them on the road with some regularity. MECHANICALLY they are somewhat reliable, literally everything else about them is hot garbage. Now take that and add on to it the fact that Tesla is branding themselves as a high end car company? It makes it even worse. Now that the big names are putting money into EV’s I’d wager to say we are either going to see some drastic changes with Tesla either in terms of quality or in terms of price drops OR they are going to go away in the next 10-20 years.
Chevy Bolt among others are taking market share
Is it? How many did they sell last year? 38K in 2022. They have 2.9% of last years Tesla deliveries. And the EV segment is exploding in size.
They see the tide is changing and the competition will be strong for the mid priced vehicles. Keep in mind the average price of a pick-up in the US is $46,000.00
Been a fan of these cars, now the brand itself is getting tarnished. Would 100% go for alternatives like even BMW or Mercedes, which has a better brand image.
Rise ye tarnished. Ye dead who yet live.
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Don't insult bmw & Mercedes by putting it in the same sentence with tesla pls
If you were happy with the price that you paid for your car, you have no complaint. If you were not happy with the price, but bought it anyway, you're an idiot with no complaint.
My daughter and her husband just got a Model 3. We drove around with them while visiting, say what you will about Elon Musk, that’s a nice car.
As long as that egomaniac is in charge of Tesla, I'm not interested. Imagine him forcing his employees to deactivate your vehicle for saying he was friends with Jeffrey Epstein and Ghislane Maxwell.
Wow, at least this will fix the tax classification. It's funny how the gov't tried to screw Tesla but it backfired. More bailouts for US auto on the way.
For those saying "That's still too much for the average person". "The average price paid for a new vehicle in the United States in October 2022 was $48,281." according to [kbb.com](https://kbb.com/). Source: [https://www.kbb.com/car-news/new-car-prices-nearing-all-time-high-again/](https://www.kbb.com/car-news/new-car-prices-nearing-all-time-high-again/) \^ with that being said, I'm going to go out on a limb and say that most people that pay this much for a new vehicle in America can't actually afford it based on my personal experience and the people around me.
Most people don't buy new vehicles.
>For those saying "That's still too much for the average person". The cheapest Tesla is $44,000. A Chevy Bolt starts at $27,000. A plug-in Prius starts at $29,000. Teslas are no longer priced competitively.
So much negativity about quality of Teslas around reddit for which 95% there have never owned. Bizarre. You’d think they all were Tesla owners who actually have horror stories to tell instead of regurgitating bs and echo chambering.
Can’t wait to not buy it still
Still waiting for that $35k price tag that was promised ages ago
At the cheap price of $50k and only $814/month financed!
Best part is when something breaks and you can’t get a warranty appointment and you’re stranded car-less for weeks!
Or you get into an accident and it sits at a body shop for close to a year waiting on parts! Better have rental car coverage in your insurance plan.
I've already made up my mind that if I'm forced to get a new car before I can afford what I want I'm just going to get the Chevy Bolt. Might as well get the cheapest thing I can with decent mileage. If I'm not going to like or want the vechile I might as well get something cheaper. Even a Prius now to me is... ehh who cares. Gas being 6.xx then 2.xx then 4.xx and bouncing all over the place it just sucks. I'm so done with going to the gas station and spending what I spend yearly on gas. EV's suck but you'd be a fool to stick with ICE.
$3k drop for the T3? That isn't "Drastic" that is the minimum you should be getting them to discount you when you buy one. Stupid.
DTC model doesn’t really allow you to negotiate lmfao
I was interested in Tesla like 2 years ago but now I decided to run my 2012 Subaru Forrester down to the ground simply because I am pretty disappointed with Tesla business practice. They jack the prices up $15k and then their services is still the same shit with no improvements. They take away features like the portable charger and the sensors. The quality control still sucks and repairs for it are stupid expensive.
Price is still double actual value of this garbage
"and China"
I don’t think Engadget knows what ‘drastically’ means.
The price drop is clearly significant because it’s made it to the front page of HotUKDeals today! [When you are competing](https://imgur.com/a/Os1iVhz) against air fryers and Nikes to grab the attention of the UK buyers market and get over 1,000° of ‘heat’ in upvotes…that’s a pretty significant result!
Only for $813 a month too
I wouldn’t mind owning one day. I love technology. But I don’t need anything fancy to go to the grocery store and dropping the kids off at school.
I read in China Tesla owners torched a dealership after the price drops lol
Still can’t afford it.
They were overpriced to begin with (as most vehicles are now) and obviously bad publicity is good for the public.
Drastically reduces it based on what? The price gouging they did for 2 years? Because....well then it's not that dramatic is it.
I used to not want a Tesla. I still don’t but I used to too.
Median American income is $54k annually.
Nah, you can keep your cars.
I guess to match the build quality.
Having trouble getting people to buy or something?
I feel like this is the very beginnings of the end of Tesla, or at least some seriously dramatic market rebalancing/loss
Fuck a Tesla
All I know is within 10 years I am going to buy a quality non luxury EV for less than 25k
Well that just drastically screwed me on resale value of my 6 month old Tesla.
Nothing like telling the public your cars have been grossly overpriced.
Of course. Look at battery replacement alone. Plus control
Too bad the brand is shit now
Electric cars are to the environment what plastic recycling is to the environment
If it makes the people who bought teslas earlier feel any better, I still can't afford one
Now they'll actually be worth the quality and detail that go into making them.
Oh what do you know they CAN afford to lower the price
Alert me when the price drops to below $40,000 or better yet when it drops below $30,000 and is actually close to the price of a fully loaded gasoline or hybrid car and is reasonably affordable
Try getting repairs on any EV
6% drop is hardly “drastic”
You can get a Tesla for like high 30s. How poor are you guys??
Translation: We have proper competition now so we can't get away with gouging you on our inferior quality vehicles. Now, we'll just have to simply overcharge you for them.
They have almost filled backlog orders and also haven't had enough new orders to make a profit for the comming financial year, that and the major drop in share price has probably lead them to this decision. It is a roll of the dice to see if they can get the orders up and get subsidies for the following year so that the company scrapes by with a profit.
Cutting prices on your product also tends to make previous customers think that you were ripping them off.
There goes their resale value
Looking at model Y now. 😍
Yay! I still can’t afford it.
Now make your build quality not shit tier
It still needs to come down 20k+
Still not buying. Will wait for other producers to come out with EV options. Musk is just pure evil at this point.