Dont order! Put the press to Tesla to drop Price!

[Space monkey]

Average price of a truck is much more than what you are stating.

I have realized that, I was searching using the wrong terms.

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[davelloydbrown]

Yall need to watch this video. This truck is not comparable to Ford or Chevy, or Rivian.

For anyone considering buying the beast over the AWD, at 36:50 on the video they state, the single motor has one permanent motor, the AWD has one permanent and one induction and the beast has one permanent and two induction motors.

So for an extra 30 K or so, you are getting the same battery and one extra induction motor.

 

[Feathermerchant]

I paid $72K for my Model 3 performance in 2018. I'm glad I didn't wait. I'm now 67 years old. Yes the new Model 3's are better but I've had 4 years to enjoy mine. If I get a founders offer, I'm jumping on it.
If you want to wait, that video above implies that they will eventually have a 500 mile battery as they improve the 4680's. Even so, I'll not wait.

 

[Tiberius]

I paid $72K for my Model 3 performance in 2018. I'm glad I didn't wait. I'm now 67 years old. Yes the new Model 3's are better but I've had 4 years to enjoy mine. If I get a founders offer, I'm jumping on it.
If you want to wait, that video above implies that they will eventually have a 500 mile battery as they improve the 4680's. Even so, I'll not wait.

Exactly this ^^^^
I paid more for my Model 3 in 2018 than I can buy one now, new ones are better, have better range, more features etc, but I've had all this time to enjoy it.
I will be doing the same when I can order my Cybertruck - in full knowledge that a 2025/26/27 Cybertruck will be better and possibly cheaper than mine.

 

[Fleetwood75]

To be fair. Inflation is only up 19.6% since Nov 2019 (to October 2023). Prices are up 52%, 60%, and 23% for RWD, Dual, and Tri respectively.

The rest is likely because of dual steer, more powerful motors for faster 0-60 times, and complexities of 30x that they didn't anticipate.

Hopefully (as a shareholder) the margin is also very high. And they have wiggle room to lower prices to stay competitive.

That's overall inflation, but that accounts for lots of things irrelevant to Cybertruck production (eggs, clothes, etc). I'd be curious to know the inflation of steel, lithium, copper, silicon chips, etc to get a better idea of how much the cost to build the truck has gone up

 

[TyPope]

in 2022, Ford sold 15,617 lightnings and Rivian sold 20,332 electric trucks. This is the annual demand for 80-100 k electric trucks (apparently there are lots of lightnings sitting on lots, they are getting discounted and cutting back on production)

Once the CT hype dies down in about a couple of months, this is the current market for electric trucks.

https://www.barrons.com/articles/ford-f150-lightning-sales-december-51672932657

... or is that just the supply limit? I'm sure someone will jump on this and say otherwise but I've been by 4 Ford dealers and have seen not one Lightning on the lots. It seems through my observation that the problem is not lack of demand but a lack of production. Same goes for the Ford Maverick.

 

[davelloydbrown]

... or is that just the supply limit? I'm sure someone will jump on this and say otherwise but I've been by 4 Ford dealers and have seen not one Lightning on the lots. It seems through my observation that the problem is not lack of demand but a lack of production. Same goes for the Ford Maverick.

I don't have any reference but I have heard that there are lightnings sitting on the lots and getting discounted and there is no question that Ford is cutting back production of lightnings.

 

[TyPope]

I don't have any reference but I have heard that there are lightnings sitting on the lots and getting discounted and there is no question that Ford is cutting back production of lightnings.

Are they cutting production of the Lightning though?
Lightning Production Tripled

It's possible the 6-week shutdown for expansion and retooling was mistakenly taken as Ford cutting production.

 

[Startreknerd]

That's overall inflation, but that accounts for lots of things irrelevant to Cybertruck production (eggs, clothes, etc). I'd be curious to know the inflation of steel, lithium, copper, silicon chips, etc to get a better idea of how much the cost to build the truck has gone up

Perhaps, but all other cars the past 4 years haven't gone up 52 to 60%.

 

[davelloydbrown]

Are they cutting production of the Lightning though?
Lightning Production Tripled

It's possible the 6-week shutdown for expansion and retooling was mistakenly taken as Ford cutting production.

This is from October 2023 and says they are cutting a shift for the lightning

https://www.kbb.com/car-news/some-automakers-scaling-back-electric-truck-plans/

https://www.autoblog.com/2023/10/16...8PhN2bHiKkLcSWKrTpVIBSMC6WxYGfGpE2vCXnjA7S2Qn

https://insideevs.com/news/691473/ford-cuts-shift-at-f150-lightning-plant/

They are also cutting back on 12 billion in EV battery investment

https://www.cnbc.com/2023/10/26/ford-will-postpone-about-12-billion-in-ev-investment.html

Also reservation time has shrunk meaning their inventories are up

https://media.ford.com/content/ford...hrink-as-f-150-lightning-xlt-production-.html

And they are loosing money on electric cars

https://www.opb.org/article/2023/08...ic-cars-but-ceo-jim-farley-is-charging-ahead/

 

[Fleetwood75]

Perhaps, but all other cars the past 4 years haven't gone up 52 to 60%.

Good point! In fact the Model X price has gone down considerably between when I bought mine (September 2022) and now. I guess the only lesson here is that if you want to be the first to get one you need to pay extra, which is just Capitalism at work...

 

[jtdiddy]

The OP has a good point. Tesla is using the Foundation Series take rate to judge the strength of demand. Remember, the pricing announced at the delivery event was prefixed by "est.".

The fewer people who buy, the lower the price will be when it is no longer "est.".

Also, I would like to put a little different spin on the comment by @CyberGus ;

"You know when you hear about people that lived simply and modestly, and died with millions in the bank?
I do not want to be that guy"

As someone who understands the magic of compounding investment gains over the years, I can assure you this comment consists of wise words to older people with more than they need and very short-sighted words to a younger person trying to build a retirement fund.

If you are frugal when young, and you save and invest wisely, there will come a point when you have so much more than you need that you can spend lavishly for the rest of your life without spending down your retirement below zero, ever. It's a very good thing to live frugally and save aggressively when young, that should be an easy decision. The hard part is deciding when to retire if you have not saved enough. If you have more than you need, everything becomes much easier.

The price of Cybertruck will come down, certainly the additional $20K price of the Foundation Series is excessive for anyone without money to burn, no matter how badly you want to be the first person in your town to get your sweaty little palms on the most revolutionary pickup ever released. I get it. But it's peanuts for someone who has compounding wealth. Just remember, the price *will* come down. It's not a matter of the truck not being desirable, it's a matter of reaching a large enough addressable market.

Financial decisions like this determine the course of your financial future. The only obligation to not buy an ex,cessively expensive truck should be to yourself and your family, not to try to force the price lower (which will happen anyway).

In short, if you have more money than you know what to do with, go ahead, you've earned it, if not, think towards the future of you and your family. Rash decisions now might be fun for a short time but the truck you drive is not what defines a man. Character is not something you can buy. Money compounds, don't waste it too early in life or you will never be free!

Do you want to be an indentured servant or a free spirit?

All of this true. For me personally, worked my butt off and have been saving, investing since my early 30's, i'm financially responsible and got my affairs in order correctly (i.e. life insurance, diversified investments, own my house etc...) and run my own company. I'm 49 now and in a place in life where buying a foundation series is fine and don't need to stretch my budget at all to get it.

So ultimately just live within ur means in all things. Be disciplined early in life and live with more freedom later. God bless u all.

 

[Startreknerd]

Good point! In fact the Model X price has gone down considerably between when I bought mine (September 2022) and now. I guess the only lesson here is that if you want to be the first to get one you need to pay extra, which is just Capitalism at work...

Capitalism indeed. Perhaps I should just buy my 11284.. Dual Cybertruck when it's available and resell in a year, or right away, whenever I'm allowed to.

 

[TyPope]

This is from October 2023 and says they are cutting a shift for the lightning

https://www.kbb.com/car-news/some-automakers-scaling-back-electric-truck-plans/

"Ford MAY cut a shift"

https://www.autoblog.com/2023/10/16...8PhN2bHiKkLcSWKrTpVIBSMC6WxYGfGpE2vCXnjA7S2Qn

" because of multiple constraints, including the supply chain and working through processing and delivering vehicles held for quality checks after restarting production in August,” Ford said in a statement regarding the shift reduction. "

https://insideevs.com/news/691473/ford-cuts-shift-at-f150-lightning-plant/

“We are adjusting the schedule at the Rouge Electric Vehicle Center because of multiple constraints, including the supply chain..."

They are also cutting back on 12 billion in EV battery investment

https://www.cnbc.com/2023/10/26/ford-will-postpone-about-12-billion-in-ev-investment.html

"Ford executives emphasized that the company isn’t cutting back its spending on future electric vehicle models. But it now plans to ramp up its EV manufacturing capacity, and its spending on that capacity, more gradually than previously planned."

Also reservation time has shrunk meaning their inventories are up

https://media.ford.com/content/ford...hrink-as-f-150-lightning-xlt-production-.html

“Customer interest for XLT has considerably outstripped supply since the F-150 Lightning launch and we’ve worked with our suppliers to help address that,”

And they are loosing money on electric cars

https://www.opb.org/article/2023/08...ic-cars-but-ceo-jim-farley-is-charging-ahead/


So why would Ford want to scale up EVs in the near-term? Why not just wait and sell the vehicle it can make money on?

"For us to be the bestselling electric pickup is super important strategically," Farley said. "The first people who buy our first-generation electrics are going to be the first people to buy our second-generation electrics."

Wait times aren't going down due to lack of customers but rather due to increased production. I mean, what's the wait time for a Model Y? Zero days? That means Tesla is done, I suppose. No. It means Tesla is manufacturing to demand. So is Ford. Ford cut a shift. Why? They are NOT making fewer Lightnings. They are making MORE. Maybe they cut the shift because they can make more trucks now, more efficiently, than they could in the beginning. Tesla also uses fewer people and can make more cars faster, too.

I suppose one could argue that Ford is selling tons to dealers and Lightnings are just sitting there. Around here, trucks may be listed as "at the dealer" but they are most likely customer orders that re just inbound. My Maverick showed up as available on the lot. That's how I knew it came in. LOL

Anyway, Ford is making MORE lightnings with fewer people. Their waitlist is getting smaller just like waitlists did for each Tesla model. It's not from a lack of customers but rather just production getting faster.

Those lines going upward indicate that production is going up. Not down.

 

[TyPope]

This is from October 2023 and says they are cutting a shift for the lightning

https://www.kbb.com/car-news/some-automakers-scaling-back-electric-truck-plans/

https://www.autoblog.com/2023/10/16...8PhN2bHiKkLcSWKrTpVIBSMC6WxYGfGpE2vCXnjA7S2Qn

https://insideevs.com/news/691473/ford-cuts-shift-at-f150-lightning-plant/

They are also cutting back on 12 billion in EV battery investment

https://www.cnbc.com/2023/10/26/ford-will-postpone-about-12-billion-in-ev-investment.html

Also reservation time has shrunk meaning their inventories are up

https://media.ford.com/content/ford...hrink-as-f-150-lightning-xlt-production-.html

And they are loosing money on electric cars

https://www.opb.org/article/2023/08...ic-cars-but-ceo-jim-farley-is-charging-ahead/

Apparently, I am mistaken. Ford does seem to be planning on cutting Lightning production for next year. Perhaps the Lightning was just so Ford could be first and was basically a loss leader to their next generation of EVs. Nonetheless. I was wrong. You were right. ?

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