Tesla turns up heat on rivals with global price cuts

[Tennessee Hillbilly]

Source: Reuters

Tesla lowered prices across the United States, Europe, the Middle East and Africa, following a series of cuts last week in Asia, in what analysts saw as a clear shot at both smaller rivals that have been bleeding cash and legacy automakers aggressively ramping up electric vehicle production.

The discounts may make EV cars affordable to people who were previously priced out of the market. U.S. and French buyers could take advantage of both the discounts and federal tax credits available in both countries for certain electric vehicle purchases.

The U.S. price cuts on Tesla's global top-sellers the Model 3 sedan and Model Y crossover SUV were between 6% and 20%, Reuters calculations showed, with the basic Model Y now costing $52,990, down from $65,990.

Those cuts are before a $7,500 U.S. federal tax credit that took effect for many electric vehicles on Jan. 1 that could bring discounts to more than 30%.


Read more: https://www.reuters.com/business/autos-transportation/tesla-cuts-prices-electric-vehicles-us-market-2023-01-13/

[Lonestarblue]

1. Maybe people are not buying Teslas because Musk has shown himself to be a major idiot.

[JohnSJ]

2. Perhaps, but I think a large part is they are still quite expensive, the infrastructure is not

currently ideal, and until the technology has a firm foundation, be it battery technology, hydrogen fuel cells, etc. I think a good number of people are not going to jump in until they see where things stabilize

There needs to be a lot more charging stations put in, especially in apartment complexes and at companies where people work, along with major upgrades to the grid

It will eventually happen, but if republicans control the majority it will take a lot longer

[JT45242]

3. Will never buy eloon's brand

That's still more expensive than comparable competition.

Even if that wasn't true, I wouldn't buy his product.

Full diy, looking to actually buy EV or hybrid later this year


Still need more range on full EV before they become useful for ling family trips.

[oldsoftie]

10. Elec/gas hybrids should be the goal; the push for total elec is a mistake.

Main motor electric backed up by a small gas motor for recharging. No worries about range anxiety. No worries about billions & billions to build thousands of charging stations across the land. Lord knows HOW we'd handle charging at a hotel with 1000 rooms. Electric/gas hybrids would cut gas usage by billions of gallons a year.
Its a no brainer.

[Wuddles440]

15. Agree!

That's really the practical and realistic way forward. The infrastructure to support transitioning to fully electric is in its infancy and is decades away from providing easy, reliable access to most sections of the country.

[PortTack]

19. Agree! Have a friend that travels for work in a company owned tesla.she hates it!

The 300 mi range is a joke since you aren’t suppose to fully charge or discharge the battery. Recharging stations can be difficult to find and when you do, many times there’s a wait, and a lot of very unhappy ppl having to wait their turn.

She also says there’s really nothing technologically that is impressive. Add that to the constant recalls..what a hassle

GM says they will be fully electric by ‘35. There will be others maybe even sooner that will make tesla the “Tucker” of today.

[Zorro]

29. Lots of FUD there

Can't fully charge the battery? Nonsense. And only an idiot would fully discharge the battery, just as only an idiot would drive a car until the gas tank was empty.

Recharging stations can be difficult to find? Uhh, no. Tesla superchargers are shown on the console map.

Wait times? Yeah, maybe. I have used superchargers literally hundreds of times, and have only had to wait three times -- for maybe only 2 minutes -- for a space to open up. So much for "a lot of very unhappy ppl having to wait their turn".

Nothing technologically that is impressive? Your friend must drive with her eyes closed.

Constant recalls? You mean over-the-air updates. Do you take your phone in to the store to have it updated?

People have been predicting Tesla's demise for ten years now. Ain't gonna happen, no matter how many people want it to. Sorry.

[PortTack]

30. I trust what my friend says..so your experience is different. So bugger off!

[NickB79]

20. It would also stretch rare earth battery elements

You could build 1 EV with a 300-mile battery, or 6 PHEV's with 50-mile range batteries before switching to burning gas.

Replacing 6 pure-gas vehicles with 6 PHEV's that run on battery power 90% of the time is far more environmental than replacing 1 gas vehicle with 1 EV.

[oldsoftie]

22. Rare earth minerals increasingly controlled by who? China. Again.

We're having a hard enough me weaning ourselves from China with OTHER national security items; no need to make it even WORSE

[Tikki]

26. Hybrids use some rare earth minerals in their electric components..

I agree, the all electric vehicle is not yet totally feasible for parts of North American.
Here in Southern California there is a lot of positives for an all electric vehicle.

Biggest obstacle is the price of an average EV. Then there is the ability to charge at home especially for renters and those parking in complexes.

Weather is not really an issue along the Coast.
Cold weather can require extra steps to get an EV on the road.
Charging stations along the way for West Coast trips are plentiful and charging rates are still low. Gasoline and diesel prices fluctuate higher here and more often.

There are so many EVs on the road down here; more and more and more every day.

Tikki

[peppertree]

25. If all else fails, you could always go for an Argentine Tito

https://www.ctpost.com/business/article/PHOTOS-Tito-went-on-sale-an-electric-car-16160107.php

[Mr. Sparkle]

4. They have a major demand problem, thats why they have drastically lowered their prices

There is also a new stigma with Tesla, who wants to drive a maga mobile.

[machoneman]

6. Yes, it's not what the headline says. it's a big HELP ME sign as sales tank!

[ToxMarz]

27. It's the headline Musk would have written himself (assuming he didn't)

So many of news reports sound like paid infomercials anymore you gotta wonder.

[paleotn]

8. Maga mobile. Love that. Can I borrow?

Drastically dropping prices on cars that weren't making any money in the first place. Tesla is kept alive by Wall Street myth and the carbon credits market.

[Mr. Sparkle]

14. Sure , it's not my phase originally

I think i "borrowed" it from the comments section on Electrek

[mucifer]

5. No one wants that shitty car

[paleotn]

7. Starting a price war he can't win?

Maybe his only hope but I wonder if he can afford it? The company isn't making one thin dime off selling electric cars. They're kept alive by selling carbon credits, a market that's about to change drastically. Now that the super deep pocket automakers are focusing on the electric market, they're doomed.

Man-Child will do alright though. He'll sell out the company he didn't create to one or more of the majors.

[dalton99a]

13. +1

[Mawspam2]

9. Aside from the well known fit and finish problems...

...and the totally bogus 'full self driving' liabilities, Eratic Elon, as a brand, has become toxic. Owning the libs means calling your customers stupid.

I always saw him as P.T. Barnum. Lots of dreams and promises, few deliverables. Now the rest of the world sees it too.

As for the technology, until you can fully recharge your car in 20 minutes, (the time it takes to fill a tank with gas, hit the head, and grab a burger) they are expensive status toys.

Waiting 2 hours to charge, if you can find an available charging station, is not an acceptable replacement to ICE cars.

However, I would look at a hybrid pickup like the Ford Maverick.

[oldsoftie]

11. Its nice to see someone else who sees the reality of the "total electric" pipe dream.

Yet people jump in line to push it without ever thinking about the TOTAL cost & needs.

[dalton99a]

12. Tesla is on the decline because it is synonymous with Musk

[Martin68]

16. why is it that I doubt this will be a good thing for Tesla in the long run? Sounds like a typical

Musk stunt, making a big splash in the news but making absolutely no financial or economic sense.

[vanamonde]

17. He's screwing his existing customers as well

Last edited Sat Jan 14, 2023, 02:03 PM - Edit history (1)

What does a price drop of this magnitude do to the value of used Teslas?

[Sucha NastyWoman]

18. Just imagine how mad you would be if you just bought one.

He just created a new group of enemies.

[MichMan]

21. They needed to get the price down under $55k to qualify for the tax credits to buyers

My guess is that unless they did, it would make future sales of those particular models much more difficult.

[oldsoftie]

23. Ahhh thats a very good point. nt

[byronius]

24. "Tesla panics as chances for corporate survival fade."

My little town is full of Teslas with For Sale signs on them. No one wants to ride in a MuskNazi car.

[amcgrath]

28. Ah -that's why Tesla is doing

I thought it was a 'fire sale' because they did income and because people don't want to buy cars from a company that are embarrassing to be associated with