Tesla cuts U.S. prices on its Model Y, S and X vehicles after a difficult week
Source: Associated Press, via NBC News
BUSINESS NEWS
Tesla cuts U.S. prices on its Model Y, S and X vehicles after a difficult week
The starting prices were reduced for the Model Y, S and X. Earlier this week Tesla announced layoffs and a recall of nearly 4,000 of its Cybertrucks.
April 20, 2024, 6:19 PM EDT / Source: The Associated Press
By The Associated Press
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.
The company cut the prices of the Model Y, a small SUV which is Teslas most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same.
The cuts reduced the starting price for a Model Y to $42,990 and to $72,990 for a Model S and $77,990 for a Model X.
The move came the day after Teslas stock tumbled below $150 per share, eliminating all gains made over the past year. The Austin, Texas, companys stock price has dropped about 40% so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers.
Musk posted early Saturday on X, the social media platform known as Twitter before he acquired and renamed it, that the cost of an entry-level Tesla was as low as $29,490 once a federal tax credit and gas savings were factored in.
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Read more: https://www.nbcnews.com/news/amp/rcna148693
bucolic_frolic
(43,325 posts)LiberalFighter
(51,107 posts)moniss
(4,274 posts)extra cost!!
PJMcK
(22,053 posts)Jerry2144
(2,114 posts)An EV6 from Kia. Much better quality. And no fascist twat-waffle, no Nazi-NutJob, and No worthless waste of sperm.*
* the best part of Elon trickled down his mother's legs around September 21, 1971
Sadly, half of Elons DNA didnt end up on his mothers bed sheet! That single spermatozoa fertilized an ovum and we got this moronic idiot.
Aussie105
(5,437 posts)how are the used Tesla prices on the second hand market holding up?
Discounts on new must annoy those who bought previously.
keithbvadu2
(36,937 posts)moniss
(4,274 posts)videos of people bragging about having spent over $100,000 to buy that horrific truck. But not a thought in their mind about the fact that for that same money they could buy 2 very nice ICE trucks. Yes I know the EV deal and I had a Volt early on. But for the difference in sheer money I just don't see the Tedsel as some marvelous thing to have. It's kind of like buying a supercar to use as a regular car.
I saw one video where the owner was showing how great everything is and he wanted to show how the "motorized door" covering the charge port was so neat and how it opens automatically. Until it didn't. He was on a road with some snow and he wanted to show us how it would stop on snow going down a hill. Except it just kept sliding all the way to the bottom. No problem for him it seemed. Of course if anybody had been stopped in front of him they would have had that rear end impact to deal with.
Then there are others who have pointed out some of the BS in the Eron marketing of the Tedsel. There is a video of him claiming that the Tedsel was faster in the quarter mile while towing a Porsche on a trailer than the Porsche itself. Eron even showed a video at a dragstrip and a line painted across the strip in the close view from the side the camera had and indeed the Tedsel was fractionally ahead. Problem is that the line being shown was at the 1/8th mile mark on the track which was verified by aerial footage of the track and the location of grandstands. The engineer who debunked the Eron claim did all kinds of other investigation and showed that the Tedsel would not be ahead at the quarter mile. Another way we know that is if it was true Tesla marketing would show the 1/4 mile line and lights rather than the 1/8th mile. I agree with him that it is doubtful they would pass on that opportunity.
There's other videos where the Tedsel "goes bad" within like a few miles of driving it. So back to the dealer. At least for those buyers there was one around. So the truck that Eron promised would cost about $70,000 is over $100,000. No place for a spare tire either unless you throw it in the already smallish bed. About that bed. The guy who was in the snow showed that snow can get down in by the mechanism of the rolling cover. He could have done a better job of sweeping the snow before rolling it but anybody familiar with northern winters knows how the sleet turns to ice when the temperature falls and it sort of "locks on to everything". So you will have to be prepared in winter to be very careful to get everything off the cover before it starts "rolling up" into the mechanism if you need to have the bed be open. Which by the way could be a problem of the same order if you have the bed open and using it that way while it's snowing and sleeting.
In any event I may be a "skin flint" but I don't think if I pay over $100,000 for a truck I should have to worry about water spots, constant visible fingerprints, no spare, huge A-pillar blind spot, headlights that allow snow to pack in and obscure the light, high insurance cost unless you stay in house with Tesla and then fight to get a claim paid etc.
I understand the other EV trucks have pluses and minuses also but their makers didn't spend the last 5 years telling us it was the greatest engineering miracle of all time and other vehicles and trucks are junk and that if we don't believe that it's because we're too "inferior" in our understanding.
ms liberty
(8,601 posts)samnsara
(17,643 posts)...but i read they are a bust now as well..
hatrack
(59,593 posts)IronLionZion
(45,542 posts)ms liberty
(8,601 posts)The shooting a car into space with lots of pop culture references thing was kinda cool, but not cool enough to excuse all his crazy.
Mawspam2
(742 posts)...impossible to get. They burn way too easily. Plus, will Tesla even be around five years from now?
samnsara
(17,643 posts)..which I would LOVE to own btw..
Drum
(9,198 posts)Zorro
(15,749 posts)It was $15k not too long ago.
Roy Rolling
(6,941 posts)Tesla stock was flying high until Elmo decided to buy Twitter and become a public moron.
paleotn
(17,989 posts)Pas-de-Calais
(9,910 posts)Please
dalton99a
(81,607 posts)Aussie105
(5,437 posts)What precisely is 'getting worse'?
Bit of a communication failure there, Elon. Not like you.
NonPC
(308 posts)He's afraid that Joe might be successful on properly taxing these present day Robber Barrons.
Aussie105
(5,437 posts)turns people off very quickly.
Especially if it is expensive to start with.
Personally, I don't think the world is ready for another bare metal stainless steel car.
Not a successful one, anyway.
NonPC
(308 posts)Too many stainless steel alloys / finishes retain fingerprints. Kitchen appliances are a good example.
Old Crank
(3,638 posts)The Edsel will be displaced as the ugliest vehicle to hit the American roads.
NonPC
(308 posts)Clueless clods who spend a lot of money thinking that it will make them cool.
moniss
(4,274 posts)Photoshop skills could place the toilet seat embedded in the front of the Edsel and put it on the Tedsel.
Old Crank
(3,638 posts)That includes a fat socialist government tax rebate. And the savings over a gas model.
Does that include the cost of a 5 year $30,000 loan at 7%? That is another $5,000 tacked on to the price which might wipe out savings over gas vehicles?
MichMan
(11,979 posts)Did not know that.
Old Crank
(3,638 posts)I had 7% for 5 years for over $5,000
MichMan
(11,979 posts)Why would the $5000 interest on a loan only apply to Tesla, and not any other vehicle one might purchase?
That is true. I would have to work out the cost of a Tesla v the alternative and if there was a greater purchase price figure out the added interest.
One thing is that the buyers if they get a loan would probably get the loan on the amount before the tax rebate, or have at least the tax rebate amount to put down.
moniss
(4,274 posts)do get to that when they need to move inventory. But with the recent rise in the Fed rates that will be less often. Probably the incentives will be more around the down payment, rebate, equipment packages sort of thing.
Vinca
(50,311 posts)$20,000 electric car for the masses which would be lowered even more by government subsidies. That's the only way we end up with electric over gas.
samnsara
(17,643 posts)...cuz I dont know if anyone is driving that damned thing
JohnSJ
(92,422 posts)paleotn
(17,989 posts)Tesla better figure out how to make their cars cheaper and more efficiently or the company will die or be bought out. It's a simple matter of math and time.
Renew Deal
(81,877 posts)Happy Hoosier
(7,402 posts)... is if I hear that Musk is no longer involved.
That man is poison.
Aussie105
(5,437 posts)Genius inventors often take their ideas one step too far and end up with egg - or worse - on their faces.
Would the thing sell better with paint and less angular lines? We will never know!
(Spruce Goose? Howard Hughes reference.)