Tesla Biggest Price Reduction On Model 3 & Model Y EV Prices, Pricing Other EV’s Out Of The Market
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Tesla just destroyed the EV market. There is no way legacy can compete with prices like this from the LEADER in EV’s in North America. In August of 2022, the Inflation Act of 2022 was passed and the rest of the year we saw demand for EV’s plummet. Once November came around, we started seeing inventory at Tesla begin to stack up. And it makes sense, after all, who wouldn’t wait 45 days to get a $7,500 tax credit? Tesla responded by lowering the price of the Tesla Model 3 and Model Y $3,750. Then they added in 10k supercharging miles. Then they increased the offer to $7,500 off and 10k supercharging miles. Then they expanded that same offer to the Model S and Model X as well. By December 31st, there we nearly no Tesla Model Y’s or Model 3’s in inventory anywhere. As soon as 2023 arrived, inventory began to swell faster than before. This was following news that the Tesla Model Y 5 seater would not qualify for the EV Tax Credits due to the MSRP cap being $55k instead of the anticipated $80k. Late this evening, Tesla just dropped a bomb on the EV market. All competitors to Tesla have been happy with the market as it is, with limited inventory and high prices. Tesla has just reduced prices on their lineup up to 20%. These massive reductions mean all Tesla Model 3’s qualify for the EV tax credits, and the SR AWD and LR Model Y qualify as well. Unfortunately the Performance Model Y is still $2k too high to qualify. In addition, we saw significant reductions to the Model S and the Model X as well. The Plaid models saw the biggest reduction, and when you look at the Model X LR vs Plaid, the $10k difference in price does not take into account the $6,500 6 seat configuration that is standard on the Plaid for now. So in reality the upgrade from LR to Plaid Model X is $3,500. With this incredible news, the continued dominance of the EV market is only going to expand further. Tesla has just priced any other comparable EV out of the market. Most of those cars are also not profitable at their existing levels as well, making it even more difficult to compete with the Giant, in the video published on Jan 13, 2023, by Bearded Tesla Guy, as “BREAKING: Tesla’s Biggest Price Reduction EVER!!!!“, below:
Yahoo Finance’s Rachelle Akuffo and Brad Smith introduce this week’s “What Just Happened” topic on Tesla stock and break down how shares of the EV maker are trading today and throughout 2022, in the video published on Jan 13, 2023, by Yahoo Finance, as “Tesla stock slides on Model 3 and Model Y price cuts“, below:
Yahoo Finance’s Pras Subramanian joins the Live show to discuss the decline in stock for Tesla following price cuts for Models 3 and Y across the U.S. and Europe, in the video published on Jan 13, 2023, by Yahoo Finance, as “Tesla cuts Model 3, Model Y EV prices in U.S. and Europe“, below:
Tesla Inc. cut prices in the US and major European markets in the latest effort to stoke demand after several quarters of disappointing deliveries. Craig Trudell reports on Bloomberg Television, in the video published on Jan 13, 2023, by Bloomberg Markets and Finance as “Tesla Slashes Prices Up to 20% in US, EU Markets“, below:
Tesla just passed giant price cuts for its US models. Comparisons vs its competitors and conclusions that are extremely grim for legacy auto, in the video published on Jan 13, 2023, by Farzad Mesbahi, as “Tesla’s Price Cuts vs Competitors. It’s OVER – CLIP#TSLA“, below:
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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