Save another $1,000 by using your friends referral link when buying a Tesla.
This post can be edited by most users to provide up-to-date information about developments of this thread based on user responses, and user findings. Feel free to add, change or remove information shown here as it becomes available. This includes new coupons, rebates, ideas, thread summary, and similar items.
Once a Thread Wiki is added to a thread, "Create Wiki" button will disappear. If you would like to learn more about Thread Wiki feature, click here.
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
Good Deal
Bad Deal
Save
Share
Leave a Comment
1,203 Comments
Sign up for a Slickdeals account to remove this ad.
Prices have now "dropped" to... exactly what they were pre-covid.
Which is what you'd expect now that you've ramped up your factories. A factory only using 10% of its capacity when it first opens is costly---and indeed prices were raised significantly during this period--- once it's ramped to high production the costs go down a lot and so can the prices.
Which they have- right back to where they were before.
Sales continue to grow and have been record highs every quarter for years-with an average compound annual growth rate of ~50% for a decade now- and there's no reason to expect that to change- with additional expansion at existing factories continuing- and a huge new one in Mexico just about to start construction.
So it makes sense then that they can lower the price again to what it was 3 years ago, especially as the R&D amortization on model S and model X be almost zero at this point.
Labor has stayed pretty much the same in fremont for past 3 years, but im sure all the material costs for interior/exterior/seats/screen/glass/etc was out of control past 3 years, feds raised up rates, everythings cooling, so the price comes rocketing down.
It's exactly the same price as it was a few years ago.
As I've pointed out 3 times now and posted a link to pricing charts you apparently did not read.
No, it was not.
You are confusing the P100D (performance model) with the regular 100D.
The regular 100D wasn't even for sale in 2016- it was introduced in January 2017.
https://techcrunch.com/2017/01/20...ded-range/
Except, of course, it has.
May 27, 2020 the LR 100D price dropped from $84,990 to $79,990.
The same price it is today
It didn't start climbing again until January 2021...and now it's...simply back where it was over 3 years ago.
This misunderstands a few basic points of economics.
First- as exhaustively covered, these "slashing" of prices are...basically just back to what they were before the covid hikes.
Second, especially for the 3 and Y, they have massively increased production... when that happens you lower prices. If you have higher supply you can't keep hiking prices and expect demand to absorb that higher supply.
The 2021-22 price hikes were because supply wasn't able to ramp to keep up.... now they they've got their second factory fully ramped, and 2 more full factories online ramping up churning out cars (esp. the Y- the best selling car in the world) they can revert back to previous pricing.
Unlike 3/Y where they've built 3 entire new factories and multiple new lines in these factories, the S/X in general are production constrained- they only make them on one line, in one factory- the same one they've used for a decade now.
The S does not qualify for the credit at all-- and again is back to where it was priced about 3 years ago.
So is the X. The BASE X does qualify (no other version does) now-- but again Tesla gets $0.00 of that tax credit on the sale of those.
And those base model X sales represent like 1-2% of all their car sales.
The idea this is all some vast conspiracy to maybe sell a couple more of a thing that' so little of their sales and that they haven't significantly increased production of requires....considerable mental gymnastics in an attempt to ascribe some sinister motive to a company simply pricing the thing the same as they did 3 years ago
The S and X both come with a full steering wheel by default.
The yoke is a paid option if you happen to want that instead.
Here's a Tesla Model X towing a 287,000 pound Boeing 787 Dreamliner Jumbo Jet.
https://www.youtube.com/watch?v=LQBRyR1
What larger/heavier thing were you needing to tow exactly?
I paid barely a tad under that for my 2021 Model 3 SR+ new back in 2021. No fed rebates back then unfortunately. I got owned on this car and another luxury SUV lease I bought out when cars were absurdly overpriced.
I paid close to $90k for 2 cars over the last few years that are barely worth half that now. Shit timing. Ah well.
Sign up for a Slickdeals account to remove this ad.
Model X base will settle around $50K. Maybe $60K for plaid so plenty of room for add-ons.
Model X base will settle around $50K. Maybe $60K for plaid so plenty of room for add-ons.
Maybe like 2-3 years from now.
My guess is that the Model X base will drop maybe by $3.5-5k before December to let owners qualify for tax credit on the 7 seater model, and settle at around $70k by the end of next year for the time being.
I paid barely a tad under that for my 2021 Model 3 SR+ new back in 2021. No fed rebates back then unfortunately. I got owned on this car and another luxury SUV lease I bought out when cars were absurdly overpriced.
I paid close to $90k for 2 cars over the last few years that are barely worth half that now. Shit timing. Ah well.
You enjoyed the cars for two years, plus you had a low interest rate. It's simple economics.
Also, it was easy to tell from reviews during that time that Tesla quality was not as good as other manufacturers and it was grossly overpriced then and it was only a matter of time they come down.
maybe worth doing if you love your model x currently and really want the diff screen in front and screen in back seat, but frankly i dont spend much time looking at my model 3 screen...
I leased a Jeep Grand Cherokee 4xe for two years, and 7 months into my lease with 7500 miles, my car value dropped from $62k MSRP to $38k to trade in when I was seeing how much value it has dropped. Good thing I leased for only two years at $650 a month payment with $0 down at 15k miles per year.
Sign up for a Slickdeals account to remove this ad.
Maybe like 2-3 years from now.
My guess is that the Model X base will drop maybe by $3.5-5k before December to let owners qualify for tax credit on the 7 seater model, and settle at around $70k by the end of next year for the time being.
Model X base will settle around $50K. Maybe $60K for plaid so plenty of room for add-ons.
You enjoyed the cars for two years, plus you had a low interest rate. It's simple economics.
Also, it was easy to tell from reviews during that time that Tesla quality was not as good as other manufacturers and it was grossly overpriced then and it was only a matter of time they come down.
Someone has compiled all the pricing data and it's pretty current.
https://docs.google.com/spreadshe...=23
This is not inflation adjusted AFAIK, that means for example, from Jan 2021 until July 2023, inflation has been a cumulative ~ 17% [bls.gov]. So if you look at Jan 2021 Model 3 SR which was ~ $37k at its lowest, that equates to more like $43.2k now
Leave a Comment