💰 Huge Price Cut on all new Teslas. Implications for Cybertruck pricing?

[Ogre]

This is a huge drop for some Models, the Model Y LR is now $53k putting it under the limit to get the rebate.

Model 3 is down to $43k which puts it just over $36k after the rebate.

Pretty awesome. We’re going to see a pretty massive wait list again.

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[jerhenderson]

This is a huge drop for some Models, the Model Y LR is now $53k putting it under the limit to get the rebate.















Model 3 is down to $43k which puts it just over $36k after the rebate.















Pretty awesome. We’re going to see a pretty massive wait list again.





Tesla can flex its volume capacity muscle with gross margin space.....

 

[Ogre]

Tesla can flex its volume capacity muscle with gross margin space.....

Going to be a very interesting earnings call for certain.

 

[Sirfun]

Elon just kicked all the competition in the nuts!!!!

 

[anionic1]

Elon just kicked all the competition in the nuts!!!!

Yeehaa!!!

 

[SolarWizard]

All the people whining about the IRS classifications must feel pretty foolish right about now

 

[greggertruck]

Elon just kicked all the competition in the nuts!!!!

Peepee trucks and horse car go bye bye.

whole lotta Elon hate died real fast. Ha

 

[greggertruck]

Ps.. 🫣

 

[greggertruck]

They had 30.5% gross margin in 2021 at same price fyi

 

[Ogre]

All the people whining about the IRS classifications must feel pretty foolish right about now

This puts Ford’s Mach-E and the Cadillac LYRIQ in a really tough place. They were both following Tesla’s pricing up the hill joyfully.

Now they have to convince their customers that their slow charging Model Y competitor is suddenly $20k more expensive than the Model Y.

I’m sure this means they double down on lobbying for relaxing the incentive qualifications. Would not be surprised if the IRS discovers car-like SUVs now qualify.

 

[SolarWizard]

Ps.. 🫣

What options did you get?

 

[Ogre]

They had 30.5% gross margin in 2021 at same price fyi

Yep.

And the commodities and transportation bubble has largely burst. Lithium is still pretty high, but that’s more than offset by the tax credits Tesla gets for producing cells in the country.

 

[BenH]

people bought Tesla model 3/y past 2 years must be sad. Very likely, trimotor Cybertruck will qualify for tax credit.

 

[Ogre]

people bought Tesla model 3/y past 2 years must be sad. Very likely, trimotor Cybertruck will qualify for tax credit.

I bought my car in early 2021 and paid $3,000 less for it. I didn’t get the federal rebate, but Oregon gave me a $2,500 check you can’t get now… so it’s about a push. I’m perfectly happy people buying them now can get a comparable price.

A good chunk of people who bought in 2021 paid less than $53k or not much more than that.

 

[greggertruck]

What options did you get?

330 mi model
Existing inventory scooooored in Mesa, so not far away.
White on white!

trading in the model 3 we almost traded in 3 weeks ago!

versus 3 hours ago price, tax credit factored, tonight we saved like $20k!
W I L D!

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