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Tesla Vehicles Are Pretty Much Guaranteed To Only Get Cheaper, Controversial Opinion

One Reddit user recently posted a chart showing how cheap he paid to purchase his new Tesla Model Y LR AWD and wrote "I think I purchased the cheapest new Model Y LR AWD in Tesla history." He paid $40,037 with the $7,500 tax credit discounted.
Tesla Vehicles Are Pretty Much Guaranteed To Only Get Cheaper

After a few more people from states like NJ and MA wrote that what they paid was close, the general feeling of the discussion became like "Tesla Model Y vehicles are pretty much guaranteed to only get cheaper," and one Reddit user brought a somewhat controversial reason.

He said the following: "They are pretty much guaranteed to only get cheaper. The problem isn't the price. The problem is that Tesla cars have been affordable for an entire year now and the only "new" car they have is the Cybertruck. This means there are already millions of Model Y electric crossover vehicles to choose from. The used car market is flooded with cheap Model Y cars. Tesla is flooded with cheap new inventory Model Ys."

He continues, saying "The common sense says that Tesla isn't going to sell even MORE of these vehicles by raising the price. This means the only way to continue to sell millions of Model Yss (after they've already sold millions)... is to keep dropping the price. And that's exactly why you now see the Tesla Model Y. The Long Range and Performance versions of the Model Y are discounted to 10%. The Standard Range is currently discounted up to 13%. If there is anything we've seen with Tesla... The people who waited the longest.. are paying the lowest price."

Do you agree with this view? I mean there is a limit to how low they can go and dilute the brand. I agree it pays to be patient, but one wouldn't do bad buying at these prices.

Also, as another commentator noted, Tesla has proven its cars through tech already. It's not like Starbucks where staying at a premium distinguishes its coffee because I can't tell the difference between coffee brands.

EV makers have been dropping prices and adding cash-on-the-dash incentives to move them off lots. Now, the international markets are starting to see the effects of slowing EV demand.

 

 

Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebook, Linkedin, and Youtube. He has more than a decade of expertise in the automotive industry with a special interest in Tesla and electric vehicles.

Automotive News
Electric Vehicle News and Reviews
Tesla
Tesla Model Y

Comments

DL HANSON (not verified)    March 4, 2024 - 8:00PM

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Tesla needs to lower prices on the current Model Y. They keep churning them out, they have no dealers to buffer their production and a new version is on the horizon. How else are they going to convince new buyers to purchase now, with their same dull colors, non ventilated seats, noisy cabins and stiff suspension instead of waiting 12-18 months for a new and definitely improved version. I may lease one for two years and then give it back in exchange for the "Juniper version"
.