Huge Tesla price hike (up to $6k)

sze5003

Lifer
Aug 18, 2012
14,184
626
126
I've been tracking the prices of Tesla's for a while now. They've been going up each year slightly.

A coworker of mine got one and my manager was telling me he paid a bit over 60k for it. I thought he purchased a model x at least.

Turns out the model 3 is now around 60k for the long range model, without the full driving capability.

A couple years ago I told myself I would go for an X if I need a new car. But I cant stomach that monthly payment now after not having a car payment for so long.

I also still live in an apartment so having only an EV would mean changing my lifestyle. I still love my 6 speed manual Mazda 6 despite that it's getting close to 100k miles on it.

I'd really enjoy an electric car as my next one but the infrastructure just is not there yet and the prices aren't really what you call affordable with the cost of living having gone up now too.
 
Reactions: Kaido

Kaido

Elite Member & Kitchen Overlord
Feb 14, 2004
48,516
5,340
136
I've been tracking the prices of Tesla's for a while now. They've been going up each year slightly.

A coworker of mine got one and my manager was telling me he paid a bit over 60k for it. I thought he purchased a model x at least.

Turns out the model 3 is now around 60k for the long range model, without the full driving capability.

A couple years ago I told myself I would go for an X if I need a new car. But I cant stomach that monthly payment now after not having a car payment for so long.

I also still live in an apartment so having only an EV would mean changing my lifestyle. I still love my 6 speed manual Mazda 6 despite that it's getting close to 100k miles on it.

I'd really enjoy an electric car as my next one but the infrastructure just is not there yet and the prices aren't really what you call affordable with the cost of living having gone up now too.

I pre-ordered a Cybertruck specifically for the 500-mile battery. I doubt they'll be able to hit the $39k base price advertised (not for the 500-mile battery obviously, haha!), but with the pressure from Ford's $40k F-150 EV, maybe they will! I'm also hoping they'll offer a Roadster 2.0 620-mile battery option on the higher-end Cybertruck model. That way, you're still getting a realistic 300-mile range with A/C at highway speeds, even if the full range was chopped in half! Plus the new 4680 cells look pretty nice:


9% to 97% in 50 minutes is incredible & the structural battery pack concept is pretty fun!
 

sze5003

Lifer
Aug 18, 2012
14,184
626
126
I remember the model 3 was supposed to be 35k starting and you could not configure that on the website, you had to call and ask for that model specifically.

I'm curious what the price will be for the cyber truck initially. If I were to ever get any Tesla it would have to be the dual motor ones as those are all wheel drive since I live in an area where snowy conditions are prevalent each winter.

A coworker of mine also has one of the Kia EV's. The more competition the better so I welcome them all, hopefully it will drive prices down. But Tesla's will always be high because they are pretty much like a status symbol now.
 

MrSquished

Lifer
Jan 14, 2013
21,854
20,181
136
I pre-ordered a Cybertruck specifically for the 500-mile battery. I doubt they'll be able to hit the $39k base price advertised (not for the 500-mile battery obviously, haha!), but with the pressure from Ford's $40k F-150 EV, maybe they will! I'm also hoping they'll offer a Roadster 2.0 620-mile battery option on the higher-end Cybertruck model. That way, you're still getting a realistic 300-mile range with A/C at highway speeds, even if the full range was chopped in half! Plus the new 4680 cells look pretty nice:


9% to 97% in 50 minutes is incredible & the structural battery pack concept is pretty fun!
The 500 mile range can also just be vaporware, just like self driving has been for 6 years
 

Kaido

Elite Member & Kitchen Overlord
Feb 14, 2004
48,516
5,340
136
The 500 mile range can also just be vaporware, just like self driving has been for 6 years

I hope not, as that's literally the main selling point for me haha! Although I'd imagine that will be the $90k+ option now. Imagine having a $1,500/mo car payment lol.
 

RichieZ

Diamond Member
Jun 1, 2000
6,549
37
91
i ordered my MYLR in sept of last year and got it earlier this year, I would not pay the current asking price (+$12K) for the same car today

 
Reactions: Ken g6 and Kaido

sze5003

Lifer
Aug 18, 2012
14,184
626
126
i ordered my MYLR in sept of last year and got it earlier this year, I would not pay the current asking price (+$12K) for the same car today

View attachment 63365
Yea I was justifying this price a year or so ago for the same car. I was more interested in the X as that was a few thousand more. I definitely can't justify the hike in price currently. Especially when people that have them are telling me to stay away because the build quality is bad.
 

Commodus

Diamond Member
Oct 9, 2004
9,215
6,818
136
I know shortages and expenses are responsible for driving up prices, but still... Tesla seems to be pricing itself out of the market for many people.

If I were in the market for an EV right now, I'd much rather get an Ioniq 5. I'll give up Tesla's Supercharger network for a much more affordable car... and not supporting Elon Musk is a plus.
 

manly

Lifer
Jan 25, 2000
11,318
2,345
136
I know shortages and expenses are responsible for driving up prices, but still... Tesla seems to be pricing itself out of the market for many people.

If I were in the market for an EV right now, I'd much rather get an Ioniq 5. I'll give up Tesla's Supercharger network for a much more affordable car... and not supporting Elon Musk is a plus.
Between the price increases and the Twitter acquisition saga, Elon appears to be creating some "demand destruction" amongst prospective Tesla buyers. It's hard to tell because technically they're "sold out" for months. But nobody that is increasing revenue by 50% YoY would simultaneously be laying off workers in an extremely tight labor environment.

As for the price increases, the Model 3 SR+ went from $37k fifteen months ago to $47k today. Even if you factor in high inflation and supply chain issues, I don't see how anybody can characterize that as a slight increase (see post #2 in this thread). Everyone knows that all automakers and dealerships have raised prices substantially since early 2021, but Tesla's gross margins have expanded noticeably.

Although I cherry-picked the cheapest Tesla model to illustrate the point, obviously they've raised all prices across the board and their ASP is well into the $60k's. The TM3 SR+ is a tiny part of their business. It's very hard to find one, but the RWD base Kia EV6 is quite possibly the best value BEV on the market (ignoring what I'd call a first-gen Chevy Bolt).
 

bigi

Platinum Member
Aug 8, 2001
2,484
154
106
Tesla as opposed to every other car manufacturer makes profit on their cars. Inflation does help with rising pricers to keep the profits at certain level.

Many others lose money or barely make it even.

Show me the good chart
 

deadlyapp

Diamond Member
Apr 25, 2004
6,609
714
126
Where do you get this shit? I promise you cars are not being sold at a loss.
I suppose he's guessing at some sort of subsidy / green credits. Doesn't Tesla make a huge amount selling their EV credits to other car manufacturers? He may be insinuating that the typical car manufacturer is willing to take a lower margin / loss as a trade off for the credits they earn from selling them.

But the comment about inflation allowing you to keep the price higher to keep margin flat doesn't make any sense at all.
 

manly

Lifer
Jan 25, 2000
11,318
2,345
136
I suppose he's guessing at some sort of subsidy / green credits. Doesn't Tesla make a huge amount selling their EV credits to other car manufacturers? He may be insinuating that the typical car manufacturer is willing to take a lower margin / loss as a trade off for the credits they earn from selling them.

But the comment about inflation allowing you to keep the price higher to keep margin flat doesn't make any sense at all.
None of that. His posting history in this forum consists of outlandishly positive claims about Tesla, and BS criticism of other automakers. He actually makes Elon-worshiping ponyo seem balanced LOL.
 
Reactions: DooKey

quikah

Diamond Member
Apr 7, 2003
4,085
663
126
I paid $61,290 for my Y LR in March last year, with FSD (waste of money). Current price is $82,440!
 

sze5003

Lifer
Aug 18, 2012
14,184
626
126
I paid $61,290 for my Y LR in March last year, with FSD (waste of money). Current price is $82,440!
I was looking at the model Y without the full auto pilot sometime before last year and it was coming out to 57k or so depending how I configured it.

You don't think the auto pilot is worth it? I'm only interested in just having a full electric vehicle.

But as it stands now I have no car payment at all and my 2016 Mazda 6 in manual transmission runs without issues. I love driving a manual and since there are pretty much no manual cars left if I happen to be forced to get another car I would want it to be fully electric.

But I also don't want a $1k+ monthly car payment and that's not going to be avoidable when Tesla's just keep going up in price. I also wonder if their build quality has been improved from the complaints I've read or seen in reviews.
 

quikah

Diamond Member
Apr 7, 2003
4,085
663
126
I was looking at the model Y without the full auto pilot sometime before last year and it was coming out to 57k or so depending how I configured it.

You don't think the auto pilot is worth it? I'm only interested in just having a full electric vehicle.

But as it stands now I have no car payment at all and my 2016 Mazda 6 in manual transmission runs without issues. I love driving a manual and since there are pretty much no manual cars left if I happen to be forced to get another car I would want it to be fully electric.

But I also don't want a $1k+ monthly car payment and that's not going to be avoidable when Tesla's just keep going up in price. I also wonder if their build quality has been improved from the complaints I've read or seen in reviews.

The now $15K (was $10K when I got it) FSD is not worth it as you need to jump through hoops to even use it (join a beta and have a certain driving score). I have never used it. The enhanced autopilot can be useful. Used to be included for free, but now a $6k upsell. not sure it is worth $6k.

Autopark is borderline useless for perpendicular parking. You need to drive super slow past an empty space for a CHANCE that it will actually see the space and allow you to engage it. I don't really have much use for parallel parking. Maybe it is better for that.

Navigate on autopilot and auto-lane change are OK. Never used smart summon.

Go for a test drive and try out these features to see if they would be useful for you.
 
Reactions: Elfear

Commodus

Diamond Member
Oct 9, 2004
9,215
6,818
136
Interesting no-rose-colored-glasses article:

The brutal truth about owning a Tesla

Between this and Elon's antics, I've been soured on Tesla as it is these days. I don't think it'll really get better until Elon is out or realizes that his business is about more than boosting delivery numbers. If I were in the market for an EV right now, I'd rather take a range hit and buy almost anything else.
 
Reactions: Motostu

Kaido

Elite Member & Kitchen Overlord
Feb 14, 2004
48,516
5,340
136
Between this and Elon's antics, I've been soured on Tesla as it is these days. I don't think it'll really get better until Elon is out or realizes that his business is about more than boosting delivery numbers. If I were in the market for an EV right now, I'd rather take a range hit and buy almost anything else.

Functionality-wise, the market has caught up. Tesla still has an advantage on better self-driving & on the Supercharger network, but BlueCruise & co are pretty good & most people just park & charge at home. Kia knocked it out of the park with their EV6 & the Ford Lighting is a super amazing vehicle. I've seen a few of the newer-delivered Tesla's and (1) they're still missing so many little basic things (which is fine if you like super-spartan interiors), and (2) the build quality on an $50 to $140k car is still pretty laughable at times. This guy hilariously posts regular videos auditing the quality of Tesla vehicles:


This other video is from a year ago:

 

Kaido

Elite Member & Kitchen Overlord
Feb 14, 2004
48,516
5,340
136
Between this and Elon's antics, I've been soured on Tesla as it is these days. I don't think it'll really get better until Elon is out or realizes that his business is about more than boosting delivery numbers. If I were in the market for an EV right now, I'd rather take a range hit and buy almost anything else.

The other issue is that Tesla vehicles have now become a visual token of corporate-political issues, with how Musk is behaving on Twitter, so people are feeling judged about what they drive now, and for most people, when they spend a big chunk of money on something like a vehicle, they want it to be associated with something they support. Previously, Musk was known for being a real-life Ironman, championing safe, electric self-driving car, space trips, solar power, etc. Now he's known for throwing fits on Twitter & attacking people publicly & not everyone wants to be directly associated with that, whether or not the end product is a good investment or not.
 

Commodus

Diamond Member
Oct 9, 2004
9,215
6,818
136
The other issue is that Tesla vehicles have now become a visual token of corporate-political issues, with how Musk is behaving on Twitter, so people are feeling judged about what they drive now, and for most people, when they spend a big chunk of money on something like a vehicle, they want it to be associated with something they support. Previously, Musk was known for being a real-life Ironman, championing safe, electric self-driving car, space trips, solar power, etc. Now he's known for throwing fits on Twitter & attacking people publicly & not everyone wants to be directly associated with that, whether or not the end product is a good investment or not.

Exactly. I'm not saying mainstream automakers like Ford/Hyundai/Nissan/VW are fault-free, but I wouldn't feel like I was endorsing horrible practices by buying their EVs. Give me an Ioniq 5 or ID.4 and I'll feel better than if I had a Model 3.
 
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