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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
20 Posts
Joined Apr 2012
Sep 5, 2023
ColMan
Sep 5, 2023
20 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.
We're in a similar situation. If the 6-seater drops below $80k this year (MSRP), we're thinking about trading in our '23 MYP and going for the X, but the math only works if we can claim the $7500 fed and $5000 CO tax credit for both in '23.
Sep 5, 2023
576 Posts
Joined Nov 2012
Sep 5, 2023
ValB
Sep 5, 2023
576 Posts
Any additional discount if I buy 2 or 3 ?
Sep 5, 2023
518 Posts
Joined Nov 2010
Sep 5, 2023
sd8384
Sep 5, 2023
518 Posts
Quote from ColMan :
We're in a similar situation. If the 6-seater drops below $80k this year (MSRP), we're thinking about trading in our '23 MYP and going for the X, but the math only works if we can claim the $7500 fed and $5000 CO tax credit for both in '23.
Same here! I am just surprised that Elon made all colors free, it would have been better to make seating upgrade free. I need a 7 seater!!!
Sep 5, 2023
4,234 Posts
Joined Apr 2012
Sep 5, 2023
twoweeled
Sep 5, 2023
4,234 Posts
Quote from ColMan :
We're in a similar situation. If the 6-seater drops below $80k this year (MSRP), we're thinking about trading in our '23 MYP and going for the X, but the math only works if we can claim the $7500 fed and $5000 CO tax credit for both in '23.
I don't think it's going to happen for me. My MYL came in at around $41,600. I think I have 3k miles. I probably won't do it unless something changes.
Sep 5, 2023
4,234 Posts
Joined Apr 2012
Sep 5, 2023
twoweeled
Sep 5, 2023
4,234 Posts
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.

This was from recent research I did across EV and tax forums. I never found anything official that states this, but it makes sense.
From what I understand, those tax credits can be carried over to following years. So $15K shouldn't be much of a problem. I'm single too, so my tax liability always sorta sucks.
1
Sep 5, 2023
66 Posts
Joined Jul 2008
Sep 5, 2023
moedaman85
Sep 5, 2023
66 Posts
Still too expensive. Competition is growing for Tesla.
Sep 5, 2023
3 Posts
Joined Jul 2021
Sep 5, 2023
SeriousLinen819
Sep 5, 2023
3 Posts
The prices will go down even further - in a few weeks. My educated guess - Tesla will drop them more OR/AND offer supercharging by Qtr end again (sept). Also, just be mentally prepared to see prices go down again end of next quarter....

Tesla's competitive advantage is their supercharging network. They are plenty and most dont have any wait time ; compared to this electrify America or any other 3rd party level 3 charging is a joke , but as soon as they open it up for other vehicles (which has already started in some parts of US) its better to wait and buy another EV and use it on the Tesla supercharging network in addition to other networks.

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Sep 5, 2023
15,329 Posts
Joined Sep 2009
Sep 5, 2023
Knightshade
Sep 5, 2023
15,329 Posts
Quote from twoweeled :
From what I understand, those tax credits can be carried over to following years..

Your understanding is incorrect- the personal EV tax credit is non-refundable and does not carry over year to year.

It offsets current year tax liability only, dollar for dollar until liability reaches $0 or you have used up all the EV credit you are entitled to.


Quote from SeriousLinen819 :
Tesla's competitive advantage is their supercharging network.
Well-- one of them.... there's a bunch of others including superior engineering, efficiency, battery management, vertical integration, software and OTA updates, advanced L2 ADAS, they ability to actually produce EVs in volume, etc... That's why they can sell lots of cars with better specs at a lower price and still make money compared to legacy auto that can't even sell inferior spec cars at higher prices without losing $ on them, and why the majority of all EVs sold in the US continue to be from Tesla.



Quote from moedaman85 :
Still too expensive. Competition is growing for Tesla.

Folks have been saying this for 10 years- during which Tesla keeps growing sales on average 50% YoY....while most legacy companies share of the overall car market has declined.

VW announced (also almost 10 years ago) they'd be the market leader in EVs by 2018-- instead they're cutting shifts and delaying new models for years because they still don't understand how to write software.... GM told us in 2017 it was supposed to have introduced 20 new EV models by now, instead they've only got a couple of new ones actually on the market and nobody is buying them. Not to mention the few EVs the legacy car companies sell all get sold at a loss- while every Tesla is sold at a substantive profit. Legacy can't afford to compete with Tesla- they'd lose too much money selling that many money-losers.


The only EV company providing any substantive "competition" for Tesla is BYD, which doesn't currently sell anything in the US at all but is doing pretty well in China and now Europe, and actually sells EVs profitably (though at a much smaller profit than Tesla does)
Last edited by Knightshade September 5, 2023 at 10:07 AM.
1
2
Sep 5, 2023
20 Posts
Joined Nov 2022
Sep 5, 2023
MellowCrayon132
Sep 5, 2023
20 Posts
It's not their typical grand or two-drop that stings but is easy to deal with.
Sep 5, 2023
4,836 Posts
Joined Nov 2012
Sep 5, 2023
ChrisBobson
Sep 5, 2023
4,836 Posts
Quote from TheKingofDeals :
You laugh but he is correct. The model S Plaid is one of the fastest production cars made so far. Can you name another sedan under $100K that do 0-60 in 2 seconds?
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=EyDpQpcPpuc

https://www.carfax.com/blog/fastest-sedans
You're confusing fast with quick. Fastest is top speed. Quickest is how soon it can reach a certain speed, which is to 60 mph mark. So it's correct to say one of the QUICKEST production cars made so far.
Last edited by mrcuba September 5, 2023 at 10:28 AM.
Sep 5, 2023
1,416 Posts
Joined Jun 2006
Sep 5, 2023
mcali786
Sep 5, 2023
1,416 Posts
I'm I was in the market for Tm3, but the quality and paint issues were scaring me reading on Tesla forums had those been resolved now ?
Sep 5, 2023
120 Posts
Joined Aug 2022
Sep 5, 2023
LivelyRoad633
Sep 5, 2023
120 Posts
What's stopping them to drop it out further. I feel like Tesla prices are on a free fall and there's no stopping that. People who bought Y three months ago are already deep underwater.
Sep 5, 2023
4,557 Posts
Joined Dec 2011
Sep 5, 2023
PRYCEMYSTEAK
Sep 5, 2023
4,557 Posts
Quote from M177 :
I'm pretty sure the plaid was going for $130k early last year. That's a big drop in a year and a half.
Amazing how greedy they are right? Imagine the price now and they're still making big bucks
Sep 5, 2023
15,329 Posts
Joined Sep 2009
Sep 5, 2023
Knightshade
Sep 5, 2023
15,329 Posts
Quote from LivelyRoad633 :
What's stopping them to drop it out further. I feel like Tesla prices are on a free fall and there's no stopping that. People who bought Y three months ago are already deep underwater.

The best selling model of the Y, the LR AWD, back a couple years ago was $49,990.

Today it is $50,490.

Slightly HIGHER today after the "cuts"

The only drops you've seen are from the RAISED prices that happened during the covid shortages-- right back to where they were before.


The idea there's been crazy unheard of massive low prices just ain't so.


Even on the much more expensive S, the most common model was the LR/100D model....3 years back it was $69,420.

This "price cut" today makes it...$74,990.

A price that is still higher than it was before all the covid shortage price hikes. Even the Plaid S after the recent "cut" is within a couple percent of the price it was for a while 3 years ago.


The X? The most commonly sold model, the LR/100D was just SLASHED to $79,900!

Which is the same price it was back in early 2020 before...the covid shortage price hikes.



So no, it's not like prices keep dropping like crazy.

It's like-- in fact exactly like prices are just normalizing back to the same prices they were (or even still slightly higher than they were) 3-4 years ago.
Last edited by Knightshade September 5, 2023 at 11:18 AM.
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Sep 5, 2023
2,652 Posts
Joined Feb 2008
Sep 5, 2023
Jacads
Sep 5, 2023
2,652 Posts
Quote from PRYCEMYSTEAK :
Amazing how greedy they are right? Imagine the price now and they're still making big bucks
Are they greedy or people that buy it stupid?

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