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popular Posted by BigShotBob • Sep 1, 2023
popular Posted by BigShotBob • Sep 1, 2023

Tesla Model X & Model S Price Cut

$79,990

$79,990

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It looks like they cut prices on the Model X and Model X Plaid. The base Model X now sells for $79,990 while the Plaid now sells for $89,990. All color options are included too. It also seems as if it might now qualify for a tax credit.

Edit: Model S prices were slashed too.

Model S base model $74,990
Model S Plaid $89,990

https://www.tesla.com/
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It looks like they cut prices on the Model X and Model X Plaid. The base Model X now sells for $79,990 while the Plaid now sells for $89,990. All color options are included too. It also seems as if it might now qualify for a tax credit.

Edit: Model S prices were slashed too.

Model S base model $74,990
Model S Plaid $89,990

https://www.tesla.com/

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Sep 1, 2023
72 Posts
Joined Aug 2017
Sep 1, 2023
PeterParker23
Sep 1, 2023
72 Posts
RIP Used Model S,X prices!
Sep 1, 2023
492 Posts
Joined Aug 2004
Sep 1, 2023
DavidS1567
Sep 1, 2023
492 Posts
Quote from doconline :
The way hes slashing prices looks like he might just shut down Tesla eventually
True, if it wasn't for that annoying fact that they have more gross margin per car than any other automaker. Bankwupt!
Sep 1, 2023
526 Posts
Joined Mar 2019
Sep 1, 2023
ggapropros
Sep 1, 2023
526 Posts
The rapid price drops cement tesla as a tech company for me. People don't complain when a laptop goes from $2500 to $1500 and shouldn't complain that a car dropped in price either.

You're buying a battery with wheels and metal. A laptops gpu and cpu become cheaper over time to make, so do batteries
1
Sep 1, 2023
1,207 Posts
Joined Nov 2020
Sep 1, 2023
mattymsu25
Sep 1, 2023
1,207 Posts
Quote from ggapropros :
The rapid price drops cement tesla as a tech company for me. People don't complain when a laptop goes from $2500 to $1500 and shouldn't complain that a car dropped in price either.

You're buying a battery with wheels and metal. A laptops gpu and cpu become cheaper over time to make, so do batteries
What an amazing take. I'll subscribe to your newsletter.
Sep 1, 2023
3,281 Posts
Joined Nov 2012
Sep 1, 2023
Husk3rPow3r
Sep 1, 2023
3,281 Posts
Quote from M177 :
We bought a used 2018 75D X early last year for the same price as a new one now. I sorta feel like as if I invested in bitcoin. Resale value just tanked for sure.
Hey, samzies. Both in purchase of that specific model and feeling. Still, to reproduce the build (6 seat, white interior, enhanced ap, etc) it's looking like 95k. Still, jealous of the higher range.
Sep 1, 2023
1,638 Posts
Joined Sep 2006
Sep 1, 2023
corpomonkey
Sep 1, 2023
1,638 Posts
Quote from wgdz :
Curious if any recent new Tesla model owners have information on quality control. With all the past reports of quality issues that are misrepresented, and my own person experiencing riding in a newer model 3 for lyft and asking the driver on quality, wonder if anything changed?

For those interested, Lyft driver gave conflicting information - love the car, had to replace the battery, and had to get various repairs on his car 'many' times (his word). Which it contradicts his comment of minimal issues from an earlier point in our chitchat.
I've owned my Model 3 for over 5 years now. Battery swap/repair sounds like a major issue, but if it's covered under warranty, I think I can understand why he didn't see it as a negative.

The "issues" I've had are:
creaking near the front tires (Tesla came out and replaced the lower joint(?) - sorry I don't know what the part is called, it looks like Y shaped piece that connects the front suspension to the wheels or shocks)
Door check strap replacement - front doors were making clicking noise when opening/closing

One thing that's still pending repair is my charging module - one of them needs to be replaced because I can only charge up to 32 amps at home (Long Range should be able to charge at 48 amps) and my car is out of warranty, so it will be around $1800 to repair. So far, not too much of a hassle to charge at 32 amps at home. Supercharging works as normal

I have also had above issues with my previous cars (Lexus and Mercedes), so not entirely limited to Tesla

The only repairs that I paid out of pocket were tire rotation, cabin filter change, tire change, and 12 volt battery swap. My car's VIN is in the 8000 range, so it's one of the earlier builds and probably not the "best" built out of all of them roaming the streets.

I'm on the fence to buy a Model X and the new pricing is much more enticing.
Sep 1, 2023
3,141 Posts
Joined Dec 2006
Sep 1, 2023
sshlyk
Sep 1, 2023
3,141 Posts
neat. Lower the price, less likely people to complain about build quality.
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Sep 1, 2023
15,329 Posts
Joined Sep 2009
Sep 1, 2023
Knightshade
Sep 1, 2023
15,329 Posts
Quote from webdoctors :
I thought since the credit can be transferred to the dealer we don't need to qualify at tax time, but maybe not?

Not.

Nothing changes in 2024 other than you get the same amount you would otherwise have qualified for at tax time up front. The qualification stuff is exactly the same.

If you take MORE than you'd be entitled to at tax time you'll owe that back (possibly with penalty interest) at tax time.
1
Sep 1, 2023
492 Posts
Joined Aug 2004
Sep 1, 2023
DavidS1567
Sep 1, 2023
492 Posts
I've had a Model 3 for nearly 5 years now, IMO best car ever made. Only had to change wiper blades, tires and add washer fluid. It gets new features with each free software update too. Never had an issue from build quality.
Sep 1, 2023
431 Posts
Joined Apr 2008
Sep 1, 2023
roltzje
Sep 1, 2023
431 Posts
Quote from ggapropros :
The rapid price drops cement tesla as a tech company for me. People don't complain when a laptop goes from $2500 to $1500 and shouldn't complain that a car dropped in price either.

You're buying a battery with wheels and metal. A laptops gpu and cpu become cheaper over time to make, so do batteries
This is the weirdest take I've seen. Just because a vehicle uses an electric motor and batteries does not make the price any more flexible than one that uses a gas engine and fuel tank.

The actual reason for this price drop is not just because of Tesla being a tech company but because tech companies operate on large margins. An iPhone costs $300 to make and sells for $1000. Typically, the car industry has run on such slim margins because of competition and lack of innovation. Tesla spent a lot of time and effort innovating on production costs ("the machine that builds the machine"), so now they are reaping those rewards by having flexible pricing. Again, it has nothing to do with batteries and electric motors, but more with Tesla's approach to the market.
Sep 1, 2023
526 Posts
Joined Mar 2019
Sep 1, 2023
ggapropros
Sep 1, 2023
526 Posts
Quote from wgdz :
Curious if any recent new Tesla model owners have information on quality control. With all the past reports of quality issues that are misrepresented, and my own person experiencing riding in a newer model 3 for lyft and asking the driver on quality, wonder if anything changed?

For those interested, Lyft driver gave conflicting information - love the car, had to replace the battery, and had to get various repairs on his car 'many' times (his word). Which it contradicts his comment of minimal issues from an earlier point in our chitchat.
I know 6 tesla owners (friends/family), model s and model 3. Most have had their cars for longer than a year, zero problems. They're the easiest cars on the planet to maintain. I'm so glad I'll never waste hours of my life in a dealership service department ever again. Thank god.
1
Sep 1, 2023
2,196 Posts
Joined Oct 2008
Sep 1, 2023
flightxxx
Sep 1, 2023
2,196 Posts
not really a surprise, these cuts were coming, model s will be around 50k to 60K by the end of the year most likely
1
3
Sep 1, 2023
3,281 Posts
Joined Nov 2012
Sep 1, 2023
Husk3rPow3r
Sep 1, 2023
3,281 Posts
Quote from sshlyk :
neat. Lower the price, less likely people to complain about build quality.
IDK, as an owner of a MX, I'd still complain at these prices. Not a hater but not going to sugar coat it
Sep 1, 2023
13 Posts
Joined Nov 2012
Sep 1, 2023
ommatidia
Sep 1, 2023
13 Posts
Quote from rajkumka :
The one Tesla that qualify for section 179. Deal if its last year with 100% dep. This year 27k max
Do we have to have $27K income from that business? If it is less, say $15K, can we get the 27K deduction and the gap as a loss?
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Sep 1, 2023
1,438 Posts
Joined Jul 2007
Sep 1, 2023
euuser230056
Sep 1, 2023
1,438 Posts
Quote from Cecerious :
Glad I got my Plaid on release. $18k price drop in a day?! That's not their typical grand or two drop that stings but is easy to get over. I don't know how I'd handle this if I'd have picked one up recently
plus now eligible for rebate, so over $25 less in one day.

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