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popular Posted by BigShotBob • Sep 1, 2023
Sep 1, 2023 6:36 AM
Item 1 of 2
Item 1 of 2
popular Posted by BigShotBob • Sep 1, 2023
Sep 1, 2023 6:36 AM
Tesla Model X & Model S Price Cut
$79,990
$79,990
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If you are selling a product for 100k, you don't just drop the pricing 20k overnight unless you are having issues finding new demand (or you have a massive increase in ability to generate new supply).
So either (1) those willing to pay a lot already bought ("fanboi") or (2) they brought on a new factory and/or implemented revolutionary cost savings.
They will continue to sell their shitty model y ... it's a cult buy.
If you are selling a product for 100k, you don't just drop the pricing 20k overnight unless you are having issues finding new demand (or you have a massive increase in ability to generate new supply).
So either (1) those willing to pay a lot already bought ("fanboi") or (2) they brought on a new factory and/or implemented revolutionary cost savings.
Tesla is going for the jugular of every manufacture in their space. The "competition" is not selling at scale, and what they do sell is generally at a loss. Industry leading margins were Tesla's strongest asset and their ability to reduce prices while still profiting is what makes it impossible for the competition. Compare these vehicles at this price to any other manufacturer's EVs and it's undeniable the value proposition of Tesla's vehicles.
They will continue to sell their shitty model y ... it's a cult buy.
No manufacturers are catching up dude, if you say that then you aren't following the data. Ford loses money on every EV they sell, Stellantis can't get their Mopar fan base to even consider electric, GM unveils more vehicle models than they actually sell (take a look at how many hummers they have produced lol). Look at those companies' earnings reports and you'll see the dire situation of their "competition." Price cuts like these, combined with the model 3 highland launch, have just created a new nightmare for them.
None of that is at all relevant to the S or X though.
They're all 100% built in the, and 100% use battery cells from Japan, which is treated as same-as-US under the IRA.
Nothing will be changing for them.
When you make massively more of something you have to lower to price to keep selling all the ones you make- that's econ 101 stuff my dude.
Demand is always relevant to price. If you need demand for 1M cars you can charge a higher price than if you need demand for 2M.
I ask because so far mostly the legacy car makers are producing VERY few EVs, generally with higher prices and worse specs, and losing a ton of $ on the ones they DO produce.
Versus Tesla that maintains healthy profit margins, selling better cars, with record sales every quarter.
The only real "competition" at all is from BYD in China, which doesn't even sell cars here.
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No manufacturers are catching up dude, if you say that then you aren't following the data. Ford loses money on every EV they sell, Stellantis can't get their Mopar fan base to even consider electric, GM unveils more vehicle models than they actually sell (take a look at how many hummers they have produced lol). Look at those companies' earnings reports and you'll see the dire situation of their "competition." Price cuts like these, combined with the model 3 highland launch, have just created a new nightmare for them.
No one cares who is losing money. Tesla lost a shitload in their early life. Same will happen to other auto makers. They will find investors even if they aren't profitable now.
I own the stock and trade it. Let's see if truck can do its magic after 5 years
In addition, the vehicle's manufacturer suggested retail price (MSRP) can't exceed:
$80,000 for vans, sport utility vehicles and pickup trucks
$55,000 for other vehicles
They're all 100% built in the, and 100% use battery cells from Japan, which is treated as same-as-US under the IRA.
Nothing will be changing for them.
No- since then they've opened multiple new factories so supply is increasing across all their best selling models.
When you make massively more of something you have to lower to price to keep selling all the ones you make- that's econ 101 stuff my dude.
Demand is always relevant to price. If you need demand for 1M cars you can charge a higher price than if you need demand for 2M.
<citation required>
I ask because so far mostly the legacy car makers are producing VERY few EVs, generally with higher prices and worse specs, and losing a ton of $ on the ones they DO produce.
Versus Tesla that maintains healthy profit margins, selling better cars, with record sales every quarter.
The only real "competition" at all is from BYD in China, which doesn't even sell cars here.
good job tesla bots
EDIT: I see it's $80K for SUVs. Don't forget the income limits ($300K max if married).
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