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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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If nobody is in a dire position to get the vehicle now, would suggest waiting for pickup prior to December 31 to take advantage of possible further price decreases or increase in features, or to get the 2024 model year for a better resale value.
I have also been reading on reddit that some Sept 1st orders are being pushed back to October/November due to possible supply constraints, so I would suggest placing an order relatively soon, and then hold on delivery for as long as you can. Majority of the orders have been ultra red, which may be making supply constraints more difficult.
There are no inventory base Model X's that qualify for tax credit from as far as I can tell so far, at least near me, but I'm pretty sure reading on reddit that most places don't have the base model in stock.
Also, I haven't been able to confirm this, but do ALL Model X's have Matrix Headlights now? It was reported that they started adding this in June of this year at the Fremont plant, but I haven't been able to verify that all of the Model X's have this feature. Nevertheless, I would try to hold on as long as possible to get the latest features and new updates. On delivery, I would make sure that your Model X has the Matrix Headlights before handing over the check. I would check the build date as well.
Here is a comparison:
https://www.carscoops.c
If you're getting one within a week, you may be getting the reflector headlights, which is worse than the Matrix headlights, and would recommend waiting if you don't get them for the next batch.
Only early-mid 2015 and older Teslas are out of battery warranty at this point so that's several generations old chemistry/packs compared to new ones anymore.
That said, fleet data suggests they retain about 90 percent of their original capacity on average over 200,000 miles of use. That doesn't mean you won't have anecdotes about earlier failures, as with any brand...(the short lived 90 kwh packs specifically seemed to have more of these than others) but in general it's not an issue.
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If nobody is in a dire position to get the vehicle now, would suggest waiting for pickup prior to December 31 to take advantage of possible further price decreases or increase in features, or to get the 2024 model year for a better resale value.
I have also been reading on reddit that some Sept 1st orders are being pushed back to October/November due to possible supply constraints, so I would suggest placing an order relatively soon, and then hold on delivery for as long as you can. Majority of the orders have been ultra red, which may be making supply constraints more difficult.
There are no inventory base Model X's that qualify for tax credit from as far as I can tell so far, at least near me, but I'm pretty sure reading on reddit that most places don't have the base model in stock.
Also, I haven't been able to confirm this, but do ALL Model X's have Matrix Headlights now? It was reported that they started adding this in June of this year at the Fremont plant, but I haven't been able to verify that all of the Model X's have this feature. Nevertheless, I would try to hold on as long as possible to get the latest features and new updates. On delivery, I would make sure that your Model X has the Matrix Headlights before handing over the check. I would check the build date as well.
Here is a comparison:
https://www.carscoops.c
If you're getting one within a week, you may be getting the reflector headlights, which is worse than the Matrix headlights, and would recommend waiting if you don't get them for the next batch.
At the link you provided there's multiple 5-seat 2020s for 63k- a 15k discount to new.
The only one that is 70k is a 7-seater with the black/white interior.... which is 85.5k new as both the seating and interior colors are paid options. So again about a 15k discount to new.
I agree the tax credit would offset some of that 15k difference (though not the full $7500 of it- since your sales tax would be higher and does not consider the credit).
But it's definitely NOT cheaper to get like for like new vs used.
https://www.tesla.com/mx/order/5YJXCAE24LF284938?postal=78717&range=200®ion=TX&coord=30.5034,-97.... [tesla.com]
2020 Model X Long Range Plus All-Wheel Drive
$69,700 with basic autopilot.
(7 seat interior)
A new car would be with 5 seat interior $72,500. If you price up the extra $3,500 for 7 seat you lose the tax incentive.
There's a cheaper one for $63,300 that's 5 seat for a true apples to apples and sure that ends up being ~$10k for used but you're losing 3 years of warranty coverage (big deal on the battery):
https://www.tesla.com/mx/order/5YJXCDE24LF299554?postal=78717&range=200®ion=TX&coord=30.5034,-97.... [tesla.com]
The used prices need to come down by a lot. I saw a similar issue in 2009 when I was car shopping during the great recession. Car dealers had slashed prices and the used market folks were selling their cars for prices higher than dealers (which had discounted to below invoice). I had already heard its cheaper to buy used but i ended up buying new for less! 2009 was an amazing year for car buying.
I think Tesla will invert the market again this Fall. My cars is 14 yrs old now so very interested in these deals.
That said, fleet data suggests they retain about 90 percent of their original capacity on average over 200,000 miles of use. That doesn't mean you won't have anecdotes about earlier failures, as with any brand...(the short lived 90 kwh packs specifically seemed to have more of these than others) but in general it's not an issue.
https://insideevs.com/news/525820...ention-90/
Now, that's from 2020... they do have slightly newer data (2022 data) here:
https://www.motortrend.
But it's pretty similar 88% vs 90% at 200k miles....likely the sight difference is the larger inclusion of higher miles on those 90kwh packs I mentioned were the least-great of all the sizes they made (but thankfully didn't make that long and haven't for years)
https://www.tesla.com/mx/order/5YJXCAE24LF284938?postal=78717&range=200®ion=TX&coord=30.5034,-97.... [tesla.com]
2020 Model X Long Range Plus All-Wheel Drive
$69,700 with basic autopilot.
(7 seat interior)
A new car would be with 5 seat interior $72,500. If you price up the extra $3,500 for 7 seat you lose the tax incentive.
But again even at 10k that IS cheaper than new-- if you think it's WORTH the 10k savings is YMMV of course.
If the price drawdowns on new spike sales enough (remember, S/X are production limited after a certain point since they only have ONE line in the world making them) it'll keep used prices high--- we saw this earlyish with the 3 and the Y when production was low but demand was high.
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Chart is there- you lose about 5% in the first 25k miles, and takes another 100k plus to lose the second 5% of range.
Now, that's from 2020... they do have slightly newer data (2022 data) here:
https://www.motortrend.
But it's pretty similar 88% vs 90% at 200k miles....likely the sight difference is the larger inclusion of higher miles on those 90kwh packs I mentioned were the least-great of all the sizes they made (but thankfully didn't make that long and haven't for years)
That's my point- if you compare it apples to apples with new, it debunks your claim the new car is cheaper than used (and by almost 15k)
Even more than you consider you're paying sales tax on 15k lower OTD price.
But again even at 10k that IS cheaper than new-- if you think it's WORTH the 10k savings is YMMV of course.
That's really a decision for the market to make...
If the price drawdowns on new spike sales enough (remember, S/X are production limited after a certain point since they only have ONE line in the world making them) it'll keep used prices high--- we saw this earlyish with the 3 and the Y when production was low but demand was high.
https://teslamotorsclub
You're right the price isn't higher, but expected a larger drop on used. I'll check back on the fall, as these prices aren't terrible for used for cars 2020 and up.
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