Tesla’s 6th price cut in 2023

[NewEnglander]

That, too. One does not preclude the other, of course.

I actually see both sides of this issue, but at the end of the day this is the intended result of our Fed’s monetary tightening strategy. There are always winners and losers when the fed prints money and then tightens. Clearly Tesla won both ways and the recent tax credit that was essentially taken away from the startups and given to Tesla and the legacy auto manufacturers was just the icing on the cake.

This issue doesn’t exist in a vacuum and we can talk about all of the things that led to the price gauging that we have experienced in all sectors of the economy, from eggs to cars. The party is now over and the Fed isn’t going to stop raising rates until affordability is achieved, or we are forced into another recession. Tesla’s reductions are a direct consequence of these actions. Yes, it really sucks for Lucid and is unfair in a lot of ways.

I agree with you. The biggest hit to Lucid was caused not by Tesla but by IRA taking tax credit away. Removing 200k limit restriction enabled Tesla to get a huge help and taking it away from Lucid
/Rivian/Others hit them hard. However, the current EV tax credit plan is impractical and Eventually, Govt would realize they are hurting the cause by putting price/income restrictions. At the best least, they should have gradually lowered price retractions say $100k limit till 2024, then 80k, then 60k so Manufacturers had a chance to reduce cost in a Practical manner.

 

[quantum]

Agreed
Never met anyone who didn’t like their M3

I hated mine, cheaply made, plastic, tacky, road noise, no blindspot in mirrors, no instrument panel, jarring ride over bumps, no passenger lumbar support and now no parking sensors. No leather option, old boring design, past its age, only 250V charging architecture, no bidirectional charging.

But agree, software is good but I dont care about software. I kNOW how to drive a car safely.

 

[quantum]

Awesome
Have a neighbor husband/wife who now each have a Y. They say they love it. They had the Mercedes EV for a short time and were disappointed charging issues - software

I also hated my Model s sooooo much i sold it for a big loss. Handling very bad!!

 

[JillyBean]

interesting ….