Tesla Is About to Put More Pressure on EV Prices (How slow IS the media)

Raebrek

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snip—————————— this was published today.
Tesla recently unveiled a refreshed Model 3, but that’s not the only news. The brand announced a reduction in price for Models S and X by 15-19% on all trim levels. The company launched shorter-range variants of the vehicles, and owners looking to drive the models can now do so for $10,000 less.

According to Nasdaq, the new Model S Standard Range Model starts at $74,990, a 15% decrease in price from $88,490, while the Model X Standard Range Model starts at $79,990, an 18.8% drop from $98,490. The tri-motor plaid versions of Models S and X also receive price cuts, dropping from $109,880 to $91,390.

Another significant change is the larger battery for both vehicles, with an increased EPA range of 405 miles for the S and 348 miles for the X. Due to the price cuts, the SUV is now eligible for the $7,500 federal EV tax credit.

The Model X isn’t eligible for the tax credit because the Inflation Reduction Act caps the prices of vehicles. The threshold is $80,000 for SUVs and trucks and $55,000 for cars, and since the Model X costs $24,000 more, it fails to qualify. Buyers also don’t have to trade between price and color, as Tesla has made all the colors available at the same price.


https://www.motorbiscuit.com/tesla-put-more-pressure-ev-prices/.
snip——————————

I post this to ask the question. How slow IS the media.
I don’t want to join the site to correct them about the difference between the Models X and S.
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Crissa

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How did they get that wrong? Like, was it written more than a week ago?

Screenshot 2023-09-19 at 5.25.07 PM.png


Oop, looking at the article today, it says it was updated today, and it quotes Tesla Daily from Friday and has the prices right.

-Crissa
 

newwave1331

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How did they get that wrong? Like, was it written more than a week ago?

Screenshot 2023-09-19 at 5.25.07 PM.png


Oop, looking at the article today, it says it was updated today, and it quotes Tesla Daily from Friday and has the prices right.

-Crissa
All the youtube videos are from over a month ago. The article is dated with the "Standard Range" variants that were only available for a few weeks.
 
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Raebrek

Raebrek

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How did they get that wrong? Like, was it written more than a week ago?

Screenshot 2023-09-19 at 5.25.07 PM.png


Oop, looking at the article today, it says it was updated today, and it quotes Tesla Daily from Friday and has the prices right.

-Crissa
The Model X isn’t eligible for the tax credit because the Inflation Reduction Act caps the prices of vehicles. The threshold is $80,000 for SUVs and trucks and $55,000 for cars, and since the Model X costs $24,000 more, it fails to qualify.

One thing they have wrong is saying the model X doesn’t qualify. Model S is the one that does not qualify even after the price drop. The Model X is any color you want standard for 79900 and it is Long range too.
 


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Raebrek

Raebrek

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Hah! The fixed the sentence about the prices, but not the one about the X not qualifying.

Hilarious.

-Crissa
Would they like to buy a vowel.
 
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Raebrek

Raebrek

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The Model 3 is a delight to drive in my opinion. Next year the new cars will cost less and then again the year after that. So the price you want will arrive. I located a 2020 Tesla Model X long range plus 7 seater with no accidents for under 58,000. 2 years from now that could be a 2022 or 23.
 
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Raebrek

Raebrek

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I also found a site that is pretty good at looking for used or new Teslas. I don’t Think they are affiliated withTesla, I like them. HTTPS://tesla-info.com. Note that this is not where I found the Model X for sale that I am currently drooling over. Note: you can choose the country you are shopping in also. Sweeet.
 

Mini2nut

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The new Model X price point of $79,990 plus a $7,500 federal tax credit AND free paint colors is now giving the Rivian R1S a run for the money.

I wouldn’t be surprised to see additional S and X price drops before the end of the year. December and January are traditionally slow months for new car sales.

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