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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 5, 2023
525 Posts
Joined Feb 2011
Sep 5, 2023
SittingMoose
Sep 5, 2023
525 Posts
Quote from roactive :
The $7500 credit really just depends on your tax liability and your income so that just depends if you owe enough taxes in 2023 and if you are below the income thresholds in 2022 and/or 2023.

I got my trade-in quote directly from Tesla and they're the ones who quoted me about $45k for my 2023 MYP with 6k miles.

Yeah the main reasons I would want the model X are the suspension and the rear passenger doors would make it a lot easier to load/unload young kids. From my understanding, it's not possible to change the seat configuration form 5 seater to 6 seater after purchasing? Is that true? If the 6 seater qualified for the tax credit now, that would be a lot more tempting.
Correct you can't change from 5 to 6 seater. You could try to gamble and hope they give a final end of quarter discount end of September on inventory cars.
Sep 5, 2023
109 Posts
Joined Dec 2011
Sep 5, 2023
JohnnyWideBody
Sep 5, 2023
109 Posts
Early adopters always pay more. But we've enjoyed them for a lot longer too.
Those who say it's too expensive, Tesla's goal is to make EVs affordable for everyone.
Model 2 should be in the 20k's, and there's talk of a smaller cybertruck.
For most situations, the longer you can wait, the better. But the sooner you get one, the sooner you can start enjoying.
Those with cash would obviously benefit more, but for most, all they care about is monthly payments, so lower prices are balanced out by higher interest rates.
To each their own.
Sep 5, 2023
1,115 Posts
Joined Apr 2006
Sep 5, 2023
lemonade
Sep 5, 2023
1,115 Posts
Quote from SHOPPINGKINGNATE :
Just get the 5 seater, take it to a Tesla Certified shop and get the seats added for $1500.
Would the car's software be updated to reflect 6 or 7 seats vs 5?
Sep 5, 2023
841 Posts
Joined May 2015
Sep 5, 2023
Doctor_Drago
Sep 5, 2023
841 Posts
In for 3, glad I saw this deal 😊
Sep 5, 2023
3,687 Posts
Joined Oct 2003
Sep 5, 2023
Cecerious
Sep 5, 2023
3,687 Posts
Quote from twoweeled :
Yes, I tried to be brief but I wasn't clear. I already own the 2023 Model Y. I'm assuming if I traded in for model X, I would still get the $7500 credit for the model Y, as well as the $7500 for the model X for 2023? both would be purchased in 2023.
I believe that you can claim multiple tax credits (on a once per vehicle basis of course), but it still won't exceed your liability. So two new vehicles would mean you'd need to have $15k+ in tax liability if you want the max credit.

This was from recent research I did across EV and tax forums. I never found anything official that states this, but it makes sense.
Sep 5, 2023
2,652 Posts
Joined Feb 2008
Sep 5, 2023
Jacads
Sep 5, 2023
2,652 Posts
Quote from dj111 :
No idea if this works about adding seats to the 5-seater after but works with tax credit if it does. Saw this post earlier: https://slickdeals.net/forums/showpost.php?p=165598921&postcount=370
Can you explain what the deal is with the 5 seater vs 6 seater? Dos this have anything to do with a rebate?
Sep 5, 2023
935 Posts
Joined Apr 2017
Sep 5, 2023
jrm523
Sep 5, 2023
935 Posts
I'm surprised at the amount of privacy you have to give up in order to go electric. I won't be going electric until these companies stop assuming they have the right to hoard your data.

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Sep 5, 2023
3,865 Posts
Joined Oct 2011
Sep 5, 2023
racebum
Sep 5, 2023
3,865 Posts
Quote from coltrane69 :
Electric cars aren't for everyone.

Has the U.S. electric car market currently become saturated?

Is Tesla cutting prices because there's actually competition now?

These are legit questions.

I've always been intrigued by the performance aspects of Electrics, but other than the looks of the model S no other Tesla models have ever appealed to me.

I still believe that the power and charging infrastructure, and the current EV battery chemistries aren't even close to mass adoption levels yet. Will all these things eventually happen? Probably.

When will Mass adoption happen? Who knows.

Prices, better battery chemistry, and infrastructure are the only things holding E.V.'s back from taking over, But I think we're still a long way from that happening, and I think these price cuts, and other manufacturers electrics reportedly starting to rot on dealer lots, are a good indication that Electrics aren't quite ready for the mainstream.
I'm not sure it's quite that far. I mean maybe it is but one thing that would really cement ev is an easily replaceable battery product. Serviceable, remanufactured. If they can figure out a way to get the cost of a remanufactured down to a few thousand dollars. It can't be that hard to change one of these things. Someone who's relatively handy could then swap out their batteries for a few grand. When that day comes, mass adoption is right around the corner if not right in front of you. Look at computer prices in the '80s and '90s. Thousands of dollars for entry level technology. Today you can spend under a grand for a relatively nice PC. Make it two and you have a top tier video card as well. Every single technology oriented item humanity has ever created has both gotten better, less expensive to produce and more consumer friendly over time.
Sep 5, 2023
536 Posts
Joined Dec 2010
Sep 5, 2023
astro26
Sep 5, 2023
536 Posts
A lot of people feel this way and only use a VPN, are not on social media, don't use free Wi-Fi, don't play online games, only use the BRAVE browser, stay away from Google/IG/Twitter/threads, search engines, and don't carry a smart phone.

It is tough to focus on privacy but it can be done. Any app including browsers you don't pay for is using your data, glad to see people committed to online privacy given how tough it is to protect your data privacy.
Quote from jrm523 :
I'm surprised at the amount of privacy you have to give up in order to go electric. I won't be going electric until these companies stop assuming they have the right to hoard your data.
Sep 5, 2023
526 Posts
Joined Mar 2019
Sep 5, 2023
ggapropros
Sep 5, 2023
526 Posts
Quote from jrm523 :
I'm surprised at the amount of privacy you have to give up in order to go electric. I won't be going electric until these companies stop assuming they have the right to hoard your data.
Google ads know what you're doing right now and this is literally a website built off of referral affiliate traffic.. meanwhile tesla doesn't give a crap about storing your location data. In fact it's a waste of money for tesla to store it. They don't have any ads anywhere to sell you.

All tesla does is use anonymized camera data if you're in FSD to better train their neural network.

They give no shits how many times you go to Dunkin' Donuts or whatever
Sep 5, 2023
536 Posts
Joined Dec 2010
Sep 5, 2023
astro26
Sep 5, 2023
536 Posts
Tesla is cutting prices to take more market share. This causes huge pain for competitors and slows others from entering the market. Short term price cuts helps move the few remaining vehicles and he will go to a subscription model eventually for annual revenue.

Gm and ford and others have no answer to price cuts and he can freeze them from entering some segments until their supply chain pricing is reduced. They are losing money just entering the market. They have better looking vehicles, so he is pulling a pricing lever while he can as it will pay off 10x and ensure he has little to no inventory carry costs which costs more than any price cuts.

Like any product, you have early adopters, then mass adoption, then laggards (bell curve).
The fact that other manufacturers are partnering with Tesla on supercharger network means they capitulated and he will get continuous revenue like apple does with mFi. This happens at the end of any early adoption cycle. Mass adoption is sooner than later and new battery tech will be here in time for swapping out batteries for the cars purchased now. Which will probably coincide with mass adoption.

Quote from coltrane69 :
Electric cars aren't for everyone.

Has the U.S. electric car market currently become saturated?

Is Tesla cutting prices because there's actually competition now?

These are legit questions.

I've always been intrigued by the performance aspects of Electrics, but other than the looks of the model S no other Tesla models have ever appealed to me.

I still believe that the power and charging infrastructure, and the current EV battery chemistries aren't even close to mass adoption levels yet. Will all these things eventually happen? Probably.

When will Mass adoption happen? Who knows.

Prices, better battery chemistry, and infrastructure are the only things holding E.V.'s back from taking over, But I think we're still a long way from that happening, and I think these price cuts, and other manufacturers electrics reportedly starting to rot on dealer lots, are a good indication that Electrics aren't quite ready for the mainstream.
Sep 5, 2023
79 Posts
Joined Nov 2019
Sep 5, 2023
ElatedWing7539
Sep 5, 2023
79 Posts
Hopefully this is an indicator that my CyberTruck tri-motor reservation will hold true to listed price at the time of reservation two plus years ago or cheaper. Let's go DogeElon Shiba Inu MyLady meme crypto! Daddy needs a new EV.
1
Sep 5, 2023
4,322 Posts
Joined Aug 2005
Sep 5, 2023
Mydiscover
Sep 5, 2023
4,322 Posts
Quote from dj111 :
Same, got a trade-in quote for a 2022 MYP with 21k miles for $38k, ordered in 12/21 and delivered 2/22. Lost a ton of equity due to the price decreases. Otherwise would consider trading in for the X as well primarily due to better suspension and the ability to add 1-2 seats as somebody else referred to to keep the X under the $80k tax credit.

Like you, enjoy the car a lot so will ride it out and hope for the best.
Hey at least you're honest with the quote that you got unlike some people. What did you pay for the 2022 MYP? $70K? Thats a good 46% haircut.
Sep 5, 2023
15,329 Posts
Joined Sep 2009
Sep 5, 2023
Knightshade
Sep 5, 2023
15,329 Posts
Quote from webdoctors :
OK, I thought it was like lease where the company gets the credits and there's no income limit on the companies.
Correct. Leasing companies can get unlimited $7500 fed EV credits on qualifying cars without worry about income limits and such.




Quote from webdoctors :
Guess they're not consistent with how they're doing the credits for companies between leases vs buying.

Not all leasing companies choose to pass some or all of that $7500 along to the customer- that's entirely decided by the leasing company.


Quote from Cecerious :
I believe that you can claim multiple tax credits (on a once per vehicle basis of course), but it still won't exceed your liability. So two new vehicles would mean you'd need to have $15k+ in tax liability if you want the max credit.
Also correct.

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Sep 5, 2023
1,281 Posts
Joined Oct 2015
Sep 5, 2023
plus1zero
Sep 5, 2023
1,281 Posts
Quote from Chlamber :
-How many street legal drag cars you know run 9.2 1/4m over and over and over without sweat?
-The plaid, a warrantied family sedan, did Nurburgring in 7:25
-You choose round or yoke steering wheel, free

I'm a car guy, I own multiple performance vehicles as well as drag cars. Your comments come off ignorant as hell. Educate yourself. Do better.
I'm fully educated on EV. I know what I'm talking about. You ever been in pit crews for world record funny car holders? I have.

EVs are great for secondary vehicles and grocery getters. That's it. They're completely boring and nobody is excited about them in racing.
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