New-car buyers want new-car smell, he said, so preowned prices could fall more.īusiness Tesla slashes prices up to 20% in broad bid to boost sales “Anyone who bought a Tesla recently will feel an immediate impact and wish they leased it.”ĭrury said the new-vehicle price cuts will hit used cars immediately and could lower values even further. “For any existing owner it’s a kick to the teeth,” said Ivan Drury, director of insights for research website. For existing customers, the resale value of the cars they own will take a hit along with the drop in prices of new models. That’s the reality facing owners of Tesla vehicles after the company cut the price of its cars as much as 20%, part of a push from Chief Executive Elon Musk to increase sales volume in the face of weakening demand. It’s such a large reduction that it’s going to affect a lot of people who just bought a vehicle.” I feel like I got taken advantage of as a consumer,” said Simmons, 32, a web designer in Naples, Fla. Then the company slashed prices on Thursday and she realized she could have bought the same car today for $13,000 less. We will find out tomorrow at the Q1 2023 earnings call how much the price cuts since then have cut into their margins, but we won’t see the impact of tonight’s price cuts until the Q2 2023 report, and going by Tesla’s track record so far this year, who knows how many more price adjustments there will be by then.Marianne Simmons, a self-professed “Tesla fan girl,” bought her second electric vehicle from the company in September: a white, high-performance Model Y costing more than $77,000. During the Q4 2022 earnings call, and after the first round of massive price cuts in January, CFO Zachary Kirkhorn said Tesla’s margins were still above 20%. This big question is how these successive price cuts have impacted Tesla’s industry-leading margins. Add in state-level incentives, like those available in California and a brand new Model Y can now be purchased for as little as $37,490 in Tesla’s biggest market in the US.
#Tesla price drops full
The newly added Model Y AWD with 4680 cells now starts at $46,990, while the Long Range and Performance variants now start at $49,990 and $53,990 respectively.Īll of these prices are before incentives, and unlike the Model 3 RWD, all Model Y variants qualify for the full $7,500 tax credit. The Model Y price cuts apply to all variants, and they are all the same at $3,000.
0 kommentar(er)
