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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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This was from recent research I did across EV and tax forums. I never found anything official that states this, but it makes sense.
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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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.
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)
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
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.
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