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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 11, 2023
219 Posts
Joined Jan 2007
Sep 11, 2023
eb1888
Sep 11, 2023
219 Posts
Quote from Knightshade :
We saw refresh Model 3s testing with camouflage in 2022, and it won't be on sale in the US until 2024.... not sure why anybody thinks a refreshed Y, which hasn't see any refresh prototypes at all, will ALSO be on sale in 2024.

The 3 came out almost 2 full years before the Y did, so getting a refresh of it at least 1-2 years ahead of the Y similarly makes sense.
The time for initial production with a complete production line is more to do than a light refresh. You can see that, right? Tesla includes updates and changes for both as they make sense without a two year lag or any lag between the models. You just get to wait and see.
1
Sep 11, 2023
15,329 Posts
Joined Sep 2009
Sep 11, 2023
Knightshade
Sep 11, 2023
15,329 Posts
Quote from eb1888 :
The time for initial production with a complete production line is more to do than a light refresh. You can see that, right?
Of course.

YOU suggested it was a similar-to-highland larger refresh coming to Y soon though. Which would require considerable line changes and a period of prototype/field testing similar to the year+ we saw with the 3.

You can see that, right?

You DO know while they share SOME parts the 3 and Y aren't built on the same line, and the Y isn't just a 3 with a hatch, right?
2
Sep 11, 2023
38 Posts
Joined Feb 2016
Sep 11, 2023
RonaldY6166
Sep 11, 2023
38 Posts
Quote from YouLikeDiscipline :
Lol no depreciation at this price point? This whole thread is full of people getting punched in the gut with tens of thousands dollar difference in what they paid for their cars months ago. More of a "price correction" but still depreciation. Plaid is fast and all sure, but the rest of the car is spartan and in dire need of a redesign.
Then don't buy one.
1
Sep 11, 2023
38 Posts
Joined Feb 2016
Sep 11, 2023
RonaldY6166
Sep 11, 2023
38 Posts
Quote from tqlla3k :
$245/month. $500/month for that other guy.

I must be old, because those monthly insurance prices sound like car payments to me.
They do and they suck. But they've got you by the balls and don't forget that the gubment is who allows them to monopolize and set those prices.
1
Sep 11, 2023
15,329 Posts
Joined Sep 2009
Sep 11, 2023
Knightshade
Sep 11, 2023
15,329 Posts
Quote from oh_dannyboy :
I don't know if it's been covered in this thread already, but couldn't someone write-off the entire cost of a model X using section 179 IRS and get the $7500 tax credit?

Tesla addresses this exact question here:

https://www.tesla.com/support/inc...0%20pounds.
1
1
Sep 11, 2023
4,473 Posts
Joined Mar 2006
Sep 11, 2023
tqlla3k
Sep 11, 2023
4,473 Posts
Quote from RonaldY6166 :
They do and they suck. But they've got you by the balls and don't forget that the gubment is who allows them to monopolize and set those prices.
I only pay $600 every 6 months... for 2 drivers and 5 cars.

They are all old though.
Sep 11, 2023
15,329 Posts
Joined Sep 2009
Sep 11, 2023
Knightshade
Sep 11, 2023
15,329 Posts
Insurance pricing is WILDLY variable not just from differences in age, family, vehicles, and driving record, but from one company to another, and not just from one state to another, but often down to your ZIP+4 location and even, in most states, your credit score.


So discussing what you pay versus what someone else pays, on the internet, where almost every one of those variables will be totally different, is pretty useless.

My own (useless to compare) situation is my insurance did not significantly change moving from a gasoline Lexus IS350 to a Tesla model 3... and road and track or someone a while back priced out every model of Tesla vs the nearest BMW equivalent and found again the prices were pretty comparable (lower in a few cases higher in a few others).... Ultimately it's the same as any other vehicle- shop around, pick what makes the most sense for your situation.
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Pro
Sep 11, 2023
3,939 Posts
Joined Aug 2011
Sep 11, 2023
fritzo
Pro
Sep 11, 2023
3,939 Posts
Quote from BabyDoll415 :
Good prices seem to be coming down. Obviously those who purchased at high prices are going to complain. Same goes of other manufacturers as well anyone who bought a new vehicle over paid in the name of market adjustment. In case of Tesla the company itself charged for the market adjustment
I think supply chains are starting to catch up, manufacturing is starting to get streamlined, lithium recycling is starting to beome effective, and competition is starting to get more cut-throat. Fisker has a new affordable offering that would directly compete with Tesla's Model Y, Ford and GM are bringing new products to market (Chrysler seems to be dropping the ball...shock), and the Germans are making some interesting products.

Once the industry gels, I'm betting we'll see electric vehicles less expensive than gas counterparts in the next 5 years. When people start buying 1 electric and one gas car for family use, that's when you'll see the tide change.
Sep 11, 2023
946 Posts
Joined Jun 2014
Sep 11, 2023
BabyDoll415
Sep 11, 2023
946 Posts
Quote from fritzo :
I think supply chains are starting to catch up, manufacturing is starting to get streamlined, lithium recycling is starting to beome effective, and competition is starting to get more cut-throat. Fisker has a new affordable offering that would directly compete with Tesla's Model Y, Ford and GM are bringing new products to market (Chrysler seems to be dropping the ball...shock), and the Germans are making some interesting products.

Once the industry gels, I'm betting we'll see electric vehicles less expensive than gas counterparts in the next 5 years. When people start buying 1 electric and one gas car for family use, that's when you'll see the tide change.
Model 3 is already cheaper when compared to similar loaded gas cars.
2
Sep 11, 2023
494 Posts
Joined Mar 2006
Sep 11, 2023
DealsBrokeMe
Sep 11, 2023
494 Posts
Quote from Archimedes001 :
Under $100k yes, but technically it isn't the fastest production car.

The Koenigsegg Gemera is the world's quickest production car that hits the 0-60 mph mark within 1.9 seconds.
Koenigsegg Gemera costs 1.7M and not 100K
Sep 11, 2023
2,577 Posts
Joined May 2018
Sep 11, 2023
Timless
Sep 11, 2023
2,577 Posts
Quote from BabyDoll415 :
Model 3 is already cheaper when compared to similar loaded gas cars.
Which cars would be similar?
The 3 is kinda in a class by itself.
Sep 11, 2023
946 Posts
Joined Jun 2014
Sep 11, 2023
BabyDoll415
Sep 11, 2023
946 Posts
Quote from Timless :
Which cars would be similar?
The 3 is kinda in a class by itself.
Fully loaded Camry or accord, Mercedes c class bmw 3 I think
1
Sep 11, 2023
15,329 Posts
Joined Sep 2009
Sep 11, 2023
Knightshade
Sep 11, 2023
15,329 Posts
Quote from fritzo :
I think supply chains are starting to catch up, manufacturing is starting to get streamlined, lithium recycling is starting to beome effective, and competition is starting to get more cut-throat. Fisker has a new affordable offering that would directly compete with Tesla's Model Y, Ford and GM are bringing new products to market

None of them are actually making those cars in volume though. GM, excluding the being-killed-off-bolt, sold less EVs in all of 2023 so far than Tesla sells in one day (even in you include the bolt they're only at, for the entire first half of 2023, around what Tesla sells in about 10-12 days). The only place GM is leading anytihng is press releases about things they never end up mass producing... (in 2018 they said they'd have 20 new EVs on the market by now instead of the 2 they are delivering- and those in tiny #s (the Hummer and the Lyriq))

Ford is doing a LITTLE better, they sold through the whole first half of 2023 about what Tesla does in 5 days.

Fisker HOPES for the entire of 2023 to produce about 4-5 days of Teslas sales.


In part because unlike Tesla they lose money on each one they sell- so increasing volume just hurts their bottom line. (and in Fiskers case they don't actually build anything- they contract out their vehicle building to 3rd party so they have additional costs and constraints people who own factories do not).

Doubly so on the cost problem for GM and Ford though since mainly the few they DO sell are not replacing a Tesla sale- they are replacing a profitable-for-them gasoline car sale.


Quote from fritzo :
Once the industry gels, I'm betting we'll see electric vehicles less expensive than gas counterparts in the next 5 years.
We're already there for the segments Tesla sells in- see below.



Quote from Timless :
Which cars would be similar?
The 3 is kinda in a class by itself.

When I bought my Model 3 it was after cross-shopping the then-current versions of the BMW 3 series, Lexus IS350 (which was the gas car I HAD at the time and the Tesla replaced- but the newer generation was heavier, slower, more expensive, and apart from an updated infotainment inferior to the car I already had- they hadn't even really updated the engine in 10 years), Infiniti Q50, Audi S4, Mercedes C, etc...

The Tesla had better performance, lower cost of operation, better ADAS offerings, and cost less when similarly optioned.

That has only gotten moreso since.


Now, if you don't care at all about performance you can bring in a few cheaper cars, but if you're willing to include TCO in your math the Tesla still typically wins there too versus gas cars.
Last edited by Knightshade September 11, 2023 at 11:26 AM.
5
Sep 11, 2023
1,243 Posts
Joined Dec 2015
Sep 11, 2023
FishKilla
Sep 11, 2023
1,243 Posts
Quote from BabyDoll415 :
Fully loaded Camry or accord, Mercedes c class bmw 3 I think

I don't think you can place the Camry and the Accord in the same class as a Mecedes C class or BMW 3 series.

On the same note, you can't place the Model 3 in the same class as the Camry and Accord. It would be more comparable to a Corolla or Civic.

Corolla and Civic don't need tax credits, rebates and incentives to sell.
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Sep 11, 2023
1,243 Posts
Joined Dec 2015
Sep 11, 2023
FishKilla
Sep 11, 2023
1,243 Posts
Anyone considering the Model X or S, or any Tesla for that matter better shop around and price insurance first. Looks like average cost is over $3K a year.

Model S $3,785

Model X $3,861

Average is like 45% higher than comparable cars.

https://www.nerdwallet.com/articl...-insurance
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