CapeOne
Active Member
Well, the base price at the beginning of the year was $135,990 and is $89,990 now. I added Tesla’s mandatory destination fee and order fee to brings them to $137,440 and $91,630.
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Tesla drops prices on X/S $20k. All colors free. Bye bye resale
- Thread starter Propofoln
- Start date
Well, the base price at the beginning of the year was $135,990 and is $89,990 now. I added Tesla’s mandatory destination fee and order fee to brings them to $137,440 and $91,630.
CapeOne
Active Member
The Tesla markups were just as "arbitrary." Both Tesla and independent dealership raised prices largely due to supply/demand factors tied to inventory shortages, supply chain issues, etc. in the market. I don’t necessarily see the money going to $700+ BILLION Tesla as being any better than the money going to multi-millon dollar independent dealerships.
CapeOne
Active Member
I do. One has a mission to accelerate the world to sustainable energy and the other does not.
I have zero love for dealerships.
Not an easy task for Tesla when a vast amount of resources are being spent to slow that down.
I'm with you on this sentiment. Like anyone would be, I'd personally be a little angry if I felt I had overpaid by a big number.
That said, Tesla has many headwinds, various entities working against them, many trying to take them down or at least knock them back a few pegs, and a market that's softening at the present time.
I'm not saying I wouldn't be mad about missing a big sale price, but if there is a benefit of the doubt to be given I'm going to give it Tesla. MHO.
Terrible resale values for Tesla and EV's in general is not good for the EV market as a whole. One of the reasons, if not the main reason, people buy EV's is that they are cheaper to run and maintain. Tesla puts this savings front and center on their website. But saving a few dollars on gas is not going to help much if the value of the car you buy falls off a cliff. This has to be driving lots of people back to gas cars.
ucmndd
Well-Known Member
Yup, cheaper and more affordable EVs are a terrible sign for the EV market.
How do you people come up with this stuff
brainhouston
Active Member
All the second hand buyers are rejoicing now
They finally can afford EV.
There's plenty of customers at the low end of income
Let's see..I bought a Model 3 , AWD LR just about exactly 3 years ago. Paid 51,346, cash. Out of curiosity, I asked Tesla how much they would buy my car for...$30K. Open market, with 20K miles on it, which is what we have..prices vary...32- 38K. The higher priced ones are not moving.
That is the biggest decline in value on any car, for a time period like that I have ever had in the last 45 years...O, just saying..and yes, I know cars are not an investment..but really....
That is the biggest decline in value on any car, for a time period like that I have ever had in the last 45 years...O, just saying..and yes, I know cars are not an investment..but really....
I didn't come up with the calculation for Total Cost of Ownership. Depreciation is one of the biggest contributors to the overall cost of a car. It's simple math to figure out if the lower initial purchase price compensates for the additional expected depreciation. If the lower purchase price does not compensate for the additional depreciation, then EVs did not just become more affordable for new car buyers.Yup, cheaper and more affordable EVs are a terrible sign for the EV market.
How do you people come up with this stuff
jabloomf1230
Minister of Silly Walks
Keep in mind, that if a consumer pays dealer price for a car, that same consumer will get penalized when trading it back in to a dealer. Just look at the price differentials on either Edmunds or KBB between purchase price, private sale and trade in. It's not 40% but it is significant.
BTW, every BMW that I've owned lost significant value over the purchase price when I traded it in to a BMW dealer. Cars are not a good investment, as others here have said, unless one is talking about a pristinely maintained collectible.
ucmndd
Well-Known Member
No, but you’re applying it in a way that doesn’t make a whole lot of sense.
1) Prices went up across the board in the past couple years. Not just EVs.
2) Prices are coming down across the board now in response to current economic conditions. Not just EVs.
3) Large price fluctuations in 6-figure cars at the top of the market are not particularly relevant to the overall car market and TCO calculations.
4) Yes - emerging technology, which EVs still are, is generally subject to larger depreciation due to the rapid pace of innovation. Early adopters generally understand this and accept it. The end result is that prices come down for mass-market adoption. That’s exactly what we’re seeing happen now (on top of some other macroeconomic craziness that resulted in a massive automotive price bubble that anyone paying any sort of attention to knew would eventually have to pop).
Put another way: I don’t see a lot of people running around with flip phones because smart phone prices keep dropping and they’re worried about depreciation.
Cars are tools, not investments, and nearly every calculation that exists on the subject shows an EV being less to own over a suitably long period than an equivalent ICE.
zoomer0056
Active Member
No, not just yet ... wait. Price drops and new tech is just around the corner. If you buy now you'll either get ripped off or miss out. Think ... golden hinges ... for free! I'm sayin', you gotta wait.
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brainhouston
Active Member
90k for a plaid!!?? I'm not sure this price will go much lower? Drop another 5k at some point? I wouldn't be too pissed.
What I would be pissed is if they come out with DBW tech. Only thing missing from the car now is the front camera which I'm crossing my fingers would be a easy retro in the near future.
brainhouston
Active Member
Why? People who are upset about price drops should go and sell their cars to these ignorant idiots
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