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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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Tesla keeps posting record sales quarter after quarter, while nearly all of legacy auto keeps declining.
Global market share from 2020 to present has declined for all of:
Stellantis 0.93x (7.8 from 8.4)
Mercedes 0.9x (2.7 from 3)
Renault 0.89x (3.2 from 3.6)
VW 0.87x (11.9 from 13.7)
Ford 0.84x (4.6 from 5.5)
GM 0.80x (6 from 7.5)
Nissan 0.80x (4.1 from 5.1)
Honda 0.77x (5.1 from 6.6)
It has been basically flat to small increase for:
Suzuki 1.54x (4.3 from 2.8)
Kia 1.18x (4 from 3.4)
Hyundai 1.06x (5.4 from 5.1)
Toyota 1.03x (10.7 from 10.4)
And has only significantly increased for:
BYD 5.57x (3.9 from 0.7)
Tesla 3.25x (2.6 from 0.8)
Many- but still not all- of those legacy companies ARE making EVs now-- but very few of them that nobody is buying and of the ones they DO buy those companies lose money on each one while Tesla makes money on theirs.
The "competition is coming!" narrative has been a drum beat against Tesla for over a decade now and most new EVs from legacy barely (or still fail to) meet the specs of what tesla was selling in 2012--- and actual sales figures here in 2023 reflect that fact.
Problem with most GOOD 6 speed small sports cars is theyre nightmares in terms of maintenance. never again with crappy german engines that need constant service
Closest ICE car I can even think is 2023 Porsche Taycan Turbo S
2021 Porsche Taycan Turbo S
Price: $187,400
0- 60: 2.6 seconds
Edit: Taycan appears to be electric also.
I have Model 3 Performance and can tell you for sure the instant power is hard to beat. Its a huge achievement of automotive engineering for sure.
https://www.youtube.com/watch?v=EyDpQpc
https://www.carfax.com/blog/fastest-sedans
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They're pricing these like playstations. If you want it first, pay a premium. As it gets more common/older or a new version is due out, the original one gets reduced in price?
So would u guys:
1) stay put in model Y and hope that the low mileage eventually recoups some of the negative equity. I will be averaging 5k annual miles at most. I enjoy the model Y and its perfectly nice and enjoyable. Just prefer the X/S.
2) wait for a further price drop on model x/s once fed tax credits expire.
3) go for the model x/s now and roll the negative equity into a new loan.
Appreciate feedback
So would u guys:
1) stay put in model Y and hope that the low mileage eventually recoups some of the negative equity. I will be averaging 5k annual miles at most. I enjoy the model Y and its perfectly nice and enjoyable. Just prefer the X/S.
2) wait for a further price drop on model x/s once fed tax credits expire.
3) go for the model x/s now and roll the negative equity into a new loan.
Appreciate feedback
Either keep it and drive it or sell it and get something cheaper, as it doesn't seem like you drive much at all.
Sucks that a ~$120k expenditure in 2015 is down to practically nothing. Even if you are willing to spend $20K to fix, the replacement battery only carries a 4-year warranty, not 8. And given how Tesla remotely pushed these errors on 2015 owners, it is highly likely that the $20K replacement will only last 4 years.
Lookup up "Tesla error code U029" for more information.
Either keep it and drive it or sell it and get something cheaper, as it doesn't seem like you drive much at all.
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If you want to purchase a new or used Tesla, don't forget to use someone's referral code to get another $1000 off and free 3 months of Full self driving.
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