Tesla cuts U.S. prices on its Model Y, S and X vehicles after a difficult week

[mahatmakanejeeves]

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 Tesla’s 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 Tesla’s stock tumbled below $150 per share, eliminating all gains made over the past year. The Austin, Texas, company’s 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.

{snip}

Read more: https://www.nbcnews.com/news/amp/rcna148693

[bucolic_frolic]

1. $55 Billion. 1.8 million vehicles. $30K per vehicle. $2K is a JOKE. /nt

[LiberalFighter]

2. Will it still include faulty gas pedals?

[moniss]

7. You can have that feature at no

extra cost!!

[PJMcK]

26. Gas pedals in an EV? (n/t)

[Jerry2144]

3. more reasons why I am glad I bought

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

[PJMcK]

28. If only!

Sadly, half of Elon’s DNA didn’t end up on his mother’s bed sheet! That single spermatozoa fertilized an ovum and we got this moronic idiot.

[Aussie105]

4. So . . .

how are the used Tesla prices on the second hand market holding up?

Discounts on new must annoy those who bought previously.

[keithbvadu2]

5. Those used models are depreciating faster now. Value product?

[moniss]

6. Well I saw

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]

10. Yea, the trucks are a disaster - and fugly to boot! n/t

[samnsara]

24. i would rather have a Ford Lightening

...but i read they are a bust now as well..

[hatrack]

25. Bonus points for "Tedsel" . . .

[IronLionZion]

8. Biden is lowering prices and defeating inflation

[ms liberty]

9. Nah, thanks. Elon's toys are off limits. I don't know if anyone else has noticed, but he's really creepy.

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]

11. Will never buy a Tesla. Parts and service are...

...impossible to get. They burn way too easily. Plus, will Tesla even be around five years from now?

[samnsara]

23. they are cool but will soon be fossils like the De Loreans...

..which I would LOVE to own btw..

[Drum]

12. Auto buyers say: Rescind the layoffs, and maybe we'll talk.

[Zorro]

13. Tesla also dropped the price of their FSD software suite from $12k to $8k

It was $15k not too long ago.

[Roy Rolling]

14. Since 2020...

Tesla stock was flying high until Elmo decided to buy Twitter and become a public moron.

[paleotn]

33. Damaged the brand. Woops!

[Pas-de-Calais]

15. Drop like DJT did

Please

[dalton99a]

16. .

[Aussie105]

18. Put up or shut up, Elon.

What precisely is 'getting worse'?

Bit of a communication failure there, Elon. Not like you.

[NonPC]

30. "Getting Worse" Means "More Taxes For Billionaires"

He's afraid that Joe might be successful on properly taxing these present day Robber Barrons.

[Aussie105]

17. A product that is overhyped but fails to deliver

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]

31. DeLoreans Also Had Fingerprint Problems

Too many stainless steel alloys / finishes retain fingerprints. Kitchen appliances are a good example.

[Old Crank]

19. Thanks to cybertruck

The Edsel will be displaced as the ugliest vehicle to hit the American roads.

[NonPC]

34. Former Hummer Owners Are Buying Them

Clueless clods who spend a lot of money thinking that it will make them cool.

[moniss]

37. Perhaps someone with good

Photoshop skills could place the toilet seat embedded in the front of the Edsel and put it on the Tedsel.

[Old Crank]

20. Cost of his cheapest offering at $30,000

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]

29. Loans on ICE vehicles are interest free?

Did not know that.

[Old Crank]

36. Not sure what you mean

I had 7% for 5 years for over $5,000

[MichMan]

39. Didnt understand why it was specific to a Tesla

"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?"

Why would the $5000 interest on a loan only apply to Tesla, and not any other vehicle one might purchase?

[Old Crank]

40. Got it.

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]

38. Some of the makers

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]

21. If Elon wasn't the greedy, narcissistic pig he is, he would eat some profit and put out a

$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]

22. i was walking across a parking lot and a Tesla stopped to let me walk past them and i ran!

...cuz I dont know if anyone is driving that damned thing

[JohnSJ]

27. Still too expensive

[paleotn]

32. That's going to squeeze margins.

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]

35. Who knew that people wouldn't want to do business with a drug fueled, anti-Semitic, conspiracist?

[Happy Hoosier]

41. The only way I would consider purchasing a Tesla at this point...

... is if I hear that Musk is no longer involved.

That man is poison.

[Aussie105]

42. The stainless steel monstrosity will become known as Elon's 'Spruce Goose'.

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.)