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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
965 Posts
Joined Oct 2009
Sep 1, 2023
LA_Art_Collector
Sep 1, 2023
965 Posts
Quote from Pitmaster_Privilege :
He didn't say how much he paid for mercede$ parts labor and towing.
About $300 to fix a loose locking mechanism in the rear door. That's it.
G-wagons are about the most reliable cars on the road because they're essentially over-engineered military vehicles. Their trannys and engines are bullet-proof.
1
Sep 1, 2023
526 Posts
Joined Mar 2019
Sep 1, 2023
ggapropros
Sep 1, 2023
526 Posts
Quote from DC13 :
I dont DGF if a company looses money. They are well-backed by Amazon and will be just fine. I can care less how a company's stock is doing. If a company cuts cuts cuts (like Tesla does), the stock goes up, the quality of the product goes down (as Teslas do).
well backed? huh?

they own 17% of the Rivians shares, yes, but amazon put in an order for thousands of vans at a rock bottom price and they basically bought the shares as part of a pump and dump.

Was pretty smart of them

Since Rivian lost money on every van they sold amazon
Sep 1, 2023
54 Posts
Joined Sep 2017
Sep 1, 2023
gunesinan
Sep 1, 2023
54 Posts
Quote from whitecruiser :
Are they trying to clear out inventory in preparation for a refresh release like the M3?
In my opinion, Tesla started a price war with German automakes. In order for Mercedes Benz dealers to sell their EVs at this point, which are way behind competition (except the RGB LED technology inside, which doesn't require rocket science though) they need to make at least 50% discounts, even if they do, sales are not guaranteed. MB dealerships are full of EVs and they will not be able to sell.

It is not going to be surprising if Tesla acquires one of the big German auto makers in the future.
2
Sep 1, 2023
719 Posts
Joined Feb 2004
Sep 1, 2023
vha23
Sep 1, 2023
719 Posts
Quote from ggapropros :
so you pay $35000 to rent a lucid for 3 years and then you give the car back and have nothing to show for it?

seems like an enormous waste of money
You mean like a car lease. Or a home rent?
Sep 1, 2023
277 Posts
Joined Sep 2015
Sep 1, 2023
pmrowczynski
Sep 1, 2023
277 Posts
Quote from sathr1 :
I have a question. What happens 3 or 4 years down the line when the battery health is down like the phones we use. Do you pay to get the batteries replaced or is there some kind of coverage? Been wanting to get an EV but holding myself back thinking what happens next.
I'm seeing about 3% average per year. So let's say you have a 400 mile vehicle, the first year and you're down to 388. Then next is 376 and then 365 miles for the 3rd year.

I typically don't drive to 0 mile range (have though) and with the number of available 250 kWh charging locations that Tesla has, range anxiety is a non-issue. It's also little different from an engine getting tired (worn rings, increased transmission wear and resistance) and having reduced power. Because the warranty is 100K (and they've already figured in normal degradation) you're kind of safe from the catastrophic drops in battery output.

But like I said, you'll have degradation depending on usage, conditions, and luck. Plan on 3% and when it becomes unbearable to charge, trade-in, trade-up or sell.


Quote from codyisin :
Tax evasion cool suggestion.
Well, evasion is not avoidance. Many employ avoidance strategies like home mortgage deductions, business expenses and even registration in friendly locations.

E.g. Taking a 401K deduction when you contribute so it's a pre-tax reduction of your income isn't evasion, that's smart avoidance. Buying a car in Europe, driving it so it becomes "used" and then importing it is also fashionable.

But if you think it's evasion, the IRS has a form (3949) you can submit, and you're entitled to a portion of the proceeds (211).

The biggest problem with depreciation (versus deduction) is on recapture. Often when you resell an item, you owe taxes (or it becomes part of your profit/revenue) on the difference, basically reducing the cost basis when you depreciate an asset.

Say you depreciate a $100K asset to $10K, but sell it for $50K, recapture should kick in to the extent that you are now on the hook for $50-$10K (the new cost basis) or $40K.

https://www.irs.gov/faqs/sale-or-...-recapture

Edit: Not a CPA, get advice from a professional and not some rando on the internet.

To keep it along with the Tesla theme ... if you're buying a custom new S/X, the order may be delayed past the 30-Sep-2023 cut off for FSD transfers, if you're an existing owner. New owners may not care, but be aware that we have seen delays in excess of a year for Model S deliveries previously. In addition, China "Highland" M3 pictures have been leaked which may be motivation for Tesla to clear inventory. There's no real sense of urgency of "must order now" except for the FSD transfer - and even if you're trading in your vehicle with it, Tesla will price that into the trade-in valuation.
Last edited by pmrowczynski September 1, 2023 at 01:51 PM.
1
Sep 1, 2023
446 Posts
Joined Mar 2012
Sep 1, 2023
DC13
Sep 1, 2023
446 Posts
Quote from ggapropros :
well backed? huh?

they own 17% of the Rivians shares, yes, but amazon put in an order for thousands of vans at a rock bottom price and they basically bought the shares as part of a pump and dump.

Was pretty smart of them

Since Rivian lost money on every van they sold amazon
Like I said, stocks don't matter to me. Quality of the product does. You're talking pump and dump? Tesla is the king of the meme stocks.
Sep 1, 2023
891 Posts
Joined Jan 2008
Sep 1, 2023
wwu123
Sep 1, 2023
891 Posts
Quote from SyL9382 :
It has less problems? Wait till you're out of warranty and need something as simple as a battery change, and wiper or windows regulator replaced.

You will be sticker shocked with Tesla outrageous service labor cost.

Source: my household owns 4 tesla. I speak from personal experience. The lack of non tesla repair shop is killing it. It's hard to find non tesla repair shop.
Actually they can be quite reasonable with the small maintenance items. For the small 12V battery replacement, it was $165 for the AGM battery, and $50 for labor, including mobile service (they literally come to your driveway). That was for the Model S, for the Model 3 it was $85 (standard lead-acid battery), $25 for labor.

IIRC, only my previous BMW, a new AGM battery was about $500 from the dealer, and another $300 for them to swap it and reset the car's computer (it adjusts the 12V charging profile based on age of the battery). I was finally able to find a third-party AGM battery for about $250 to DIY, but wasn't able to reset the computer.

So Tesla service much more reasonable in my experience. However, there are Tesla parts that are themselves expensive and lots of labor the swap out. On some models, the LED daytime running lights were defective and would fail, to replace needed to swap out an entire sealed headlight assembly at about $2000 a pop, parts and labor. And for some reason, many Tesla owners go to Tesla to replace their tires or do an alignment, and then complain how it is much more expensive that if they'd gone to the neighborhood tire or alignment shop that can do the same job more cheaply....

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Sep 1, 2023
518 Posts
Joined Mar 2007
Sep 1, 2023
kipper99
Sep 1, 2023
518 Posts
Quote from gunesinan :
In my opinion, Tesla started a price war with German automakes. In order for Mercedes Benz dealers to sell their EVs at this point, which are way behind competition (except the RGB LED technology inside, which doesn't require rocket science though) they need to make at least 50% discounts, even if they do, sales are not guaranteed. MB dealerships are full of EVs and they will not be able to sell.

It is not going to be surprising if Tesla acquires one of the big German auto makers in the future.
you can't seriously comparing Tesla and Mercedes, they are too far apart,
EQE starts at 75k which is affordable
Pro
Sep 1, 2023
1,022 Posts
Joined Dec 2017
Sep 1, 2023
YouGnomeSayin
Pro
Sep 1, 2023
1,022 Posts
That model 3 for less than 30k is the real Slickdeal. This ain't it.
Sep 1, 2023
482 Posts
Joined Jan 2008
Sep 1, 2023
blueis300
Sep 1, 2023
482 Posts
Quote from FcLegend :
I do own a car that can hit that and also hits a current top speed of 192 MPH that I have been able to achieve before running out of road with Draggy slips to back it up. My initial statement isn't that they aren't quick or aren't fast, I was just laughing at the statement that it's "the fastest car ever made", Dear.
I don't care if you own a 200 MPH + BUGATI or not. This 3.1 sec 0-6 will beat 95% of the cars on the road. Period! lol. In fact, I've never seen any car that has beaten me once on the public road from the start to maybe 80 mph. Maybe people can't even drive their cars to the maximum potential unlike very easy drivable Tesla that doesn't even need a launch control to hit 3.1 sec.
Let's talk this out side of the lab experiment. Do you take your car to a race track before you go to work? lol.
Last edited by blueis300 September 1, 2023 at 02:04 PM.
Sep 1, 2023
1,358 Posts
Joined Apr 2008
Sep 1, 2023
bigjonnee
Sep 1, 2023
1,358 Posts
There is a Tesla dealership right around the corner of my house. And they have a huge inventory of X,S and everything that is not selling. They are just sitting there.
Sep 1, 2023
54 Posts
Joined Sep 2017
Sep 1, 2023
gunesinan
Sep 1, 2023
54 Posts
Quote from kipper99 :
you can't seriously comparing Tesla and Mercedes, they are too far apart,
EQE starts at 75k which is affordable
I can. I am not a fan of Tesla and I do not own one, but MB EVs are way behind competition. EQE can theoretically start at $75k, but in real life it doesnt. This dealership has 14 of them and the cheaper one is $108,490.

https://www.mbplano.com/new-inven...rice%20asc
Sep 1, 2023
5,474 Posts
Joined Apr 2008
Sep 1, 2023
WilliamG
Sep 1, 2023
5,474 Posts
Quote from BigShotBob :
I edited/updated the post to reflect the price cuts for the Model S as well. These are huge price cuts and feel sorry for those that took delivery before today.... If you ordered recently, you can still cancel the order but you will lose the $250 deposit. But that's chump change when you can save close to $20K.
Why would you cancel? Your price gets automatically updated anyway before pickup.
Sep 1, 2023
123 Posts
Joined Oct 2015
Sep 1, 2023
randomplayer0
Sep 1, 2023
123 Posts
Quote from gunesinan :
I can. I am not a fan of Tesla and I do not own one, but MB EVs are way behind competition. EQE can theoretically start at $75k, but in real life it doesnt. This dealership has 14 of them and the cheaper one is $108,490.

https://www.mbplano.com/new-inven...rice%20asc [mbplano.com]
You linked the wrong car. That's why you're seeing $108k.

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Sep 1, 2023
2,286 Posts
Joined Nov 2010
Sep 1, 2023
Elon69
Sep 1, 2023
2,286 Posts
Quote from huge :
$90k for the fastest car ever made? That's a great price. I think this is the cheapest their top performance model had ever been
Good deal. I skipped it at 129k. Now it's 40k cheaper

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