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Well FML. I just took delivery earlier today at noon of my MYLR and I see this price drop a few hours later. What a dampener on that new car feeling... I feel so f*cked over.
That is terrible and feels like an overreaction by a crazy person. Maybe offering free color or wheel upgrades or reduced FSD pricing could have been a good first step.
Once the stock market digests this news and ruminates on it a bit, it could be huge for the stock. There might be stock buying opportunities short term to make back losses for those who perceive that they overpaid for their car in the last year.
This is the mature way to look at this but I’m definitely not there today. Basically they have trained me as a customer to not trust them. There’s a level of wtf that they have exceeded.
Somebody mentioned giving people who bought in December or November free fsd or eap, that would help a lot to make this feel more equitable. However, until then, I will be voting with my money by boycotting them.
As for rav 4 comparison - I think rav 4 prime pricing isn’t too far off at msrp.
okay...Then there’s autonomous driving. Mercedes is the new leader.
Who is going to the Tesla Store to protest?
The way I see it sales are down due to high interest rates and inflation. The US government basically disqualifies the model Y which is it's top seller and this may have something to do with Biden's ongoing refusal to acknowledge Tesla. Only makes perfect economic sense to fight back at a grim outlook by lowering the price. I agree it's pretty hefty but what else would one do to get things back on track in these unpredictable times? Seems like the US government set the price required by Tesla to take advantage of the tax credit. I totally understand some are pissed off after purchasing one lately at the higher price but to say you will look elsewhere in the future is simply a short lived revenge trip. For every pissed off customer right now there are literally hundreds that will buy and be tickled pink by the new prices. Teslas sales will skyrocket and cause major headaches for the competition who are struggling to say the least. In the end I do believe the move was a very smart one and will really pay off for Tesla in no time at all.
Tesla is probably the only car company that can deliver today in a relatively short period of time and now with the new lowered price, it becomes competitive with several alternatives all which I may add have a couple of years delivery time with no guarantees on those dates or prices. Mark my words, Tesla will really outsell everything EV globally in 2023 with this strategic move.
You could be right. But I have a different perspective. IMHO, we see now Tesla is using the opportunity to completely screw others not just in the EV market but car market generally. Note, they are not playing safe with investors, otherwise they would lower the prices by some 5%-10% and maybe price the standard range model Y at $54,990, and that would be perfectly fine to maintain the demand at current max production level ... probably. However they have decided to devastate the overall car market prices. Look, Model 3 now competes against Camry and Accord, and Model Y is close to a loaded CR-V and Rav4. The only thing left is they need Cybertruck at the price of a regular F-150. Long term, the investors must be excited and sell F,GM,TM,VW, etc. asap.This signals to me a material drop in demand. Likely several reasons such as EV growth by competitors, economic climate, and possibly even Elon’s lack of focus / crazy antics.
Shareholders might not be happy, not to mention the equity lost by customers.
Also side note, I was one of the people that said prices would never go backwards. Not only did they fall, but they dropped a lot. Wow, was I wrong.