Why are Teslas so cheap now?

[eddiehaskell]

I see where Hertz is selling 1-2 year old model 3s for about $25k. I see where you can get a brand new model Y for $37k with 0.99% financing.

Has the bottom fallen out of the electric car market? Or has other brands offering electric now made Teslas just another car now?

[tripod29]

Bc no one wants to drive some soyed down version of a car. Hur dur gotta charge the battery.


Inb4 "they do 0-60 incredibly fast and are quite" cope from the teslacels.

[Quiggie]

Links? I don't see 1 yr old m3's for 25k or a new y for 37.

[MiscMathematician]

theres an electric charger at work. no one uses it. a cadilac escalade parked in the spot yesterday lol

[JeepBruh]

In part due to supply meeting demand, other companies coming out with their own EVs, and Tesla cutting their own prices to compete.

I suspect prices will go up on Teslas in the coming years because I think the recent price cuts from Tesla have been geared to drive out competition. Could be wrong though.

[donblaximus]

Thats been the plan all along. They have completely streamlined the manufacturing and have engineered a product that is vastly simplified.

[eddiehaskell]

Links? I don't see 1 yr old m3's for 25k or a new y for 37.

https://www.hertzcarsales.com/used-e...c-vehicles.htm

just filter for teslas.

and you can see the model y advertised on tesla's website.

[donblaximus]

Links? I don't see 1 yr old m3's for 25k or a new y for 37.

Its about $37k after you apply the $7500 tax credit

[N0stradamus]

For the same reason when crack c0ca|ne first hit the streets it was dirt cheap: they need to get people dependent on it.


Once about 60% of the population is dependent on EVs, you can expect local power grids to routinely have mandated blackouts to "fight climate change".....

A man would have to be a fool to give up his ICE vehicles.

[donblaximus]

For the same reason when crack c0ca|ne first hit the streets it was dirt cheap: they need to get people dependent on it.


Once about 60% of the population is dependent on EVs, you can expect local power grids to routinely have mandated blackouts to "fight climate change".....

A man would have to be a fool to give up his ICE vehicles.

I have both and I have ICE vehicles that will actually go up in value that I will never get rid of (exotics and classics)
However for daily driving.....EV hands down. When my EV was in the shop getting some paint work done.....and I drove my wife's ICE vehicle.....i literally felt like I was in a dinosaur. Night and day difference in the overall experience for a daily driver.

[eddiehaskell]

gotta suck for people that were paying nearly new prices for used teslas...now their car is worth half as much and getting stockpiled on car lots.

[Quiggie]

https://www.hertzcarsales.com/used-e...c-vehicles.htm

just filter for teslas.

and you can see the model y advertised on tesla's website.

I clicked on that link and I see zero Teslas for 25k.

And the MY isn't 37k, it's $45k. There is a federal incentive, but Tesla still gets 45k for it, they just get a portion of it from the taxpayers instead of getting the full amount from the purchasers.

[Destor]

The higher interest rates are definitely taking a bite out of car sales

Tesla in particular has a very limited model range they pump out in huge numbers, so that means downward pricing pressure for new vehicles and then used when the numbers start turning over

Hertz is unloading a whack of Teslas they had bought during COVID because the repair costs and depreciation (after the price cuts) have annihilated their finances

[stevebec]

Simple supply and demand. Pretty much everyone that actually wants an EV already has one, and Tesla's competitors are still adding to the supply.

[eddiehaskell]

I clicked on that link and I see zero Teslas for 25k.

And the MY isn't 37k, it's $45k. There is a federal incentive, but Tesla still gets 45k for it, they just get a portion of it from the taxpayers instead of getting the full amount from the purchasers.

apparently you didn't look very hard.

who cares what tesla gets...the market price for a brand new one is now $37k with 0.99% financing for 72 months....you'd be crazy to buy a used one for anything over $30k.

[N0rds]

BRB how much does it cost to replace battery?

[Destor]

That $7500 tax incentive might be cut in half or eliminated starting next year, depending on how strictly the Treasury implements the next set of Inflation Reduction Act battery mineral / component requirements

[MikeLowrrrey]

I have both and I have ICE vehicles that will actually go up in value that I will never get rid of (exotics and classics)
However for daily driving.....EV hands down. When my EV was in the shop getting some paint work done.....and I drove my wife's ICE vehicle.....i literally felt like I was in a dinosaur. Night and day difference in the overall experience for a daily driver.

Some people want a fun car for a daily. They get excited when they clock out. Other people just want a comfortable a to b car. I'm young, hell even if I was old, I want the daily fun car. But then, I've never driven a legitimately fun car or EV.

[N0stradamus]

During COVID, the gov was offerring $100 if you got vaxxed and another $50 if you got your booster.

Whenever the government offers you incentives to do something, it isn't because it's in your best interest.


If the gov is pushing hard for EVs, that alone should be enough to give you pause.

[donblaximus]

gotta suck for people that were paying nearly new prices for used teslas...now their car is worth half as much and getting stockpiled on car lots.

Same thing as any appliance right? TVs, etc

[kusok]

Tesla has by far the best margins in the industry, what Musk is doing is dropping prices again and again, and again, this kills competition, and increases adoption, because he needs as many Teslas on the road as possible for the purposes of self driving and data collection, as well as super charging networks and other project he has in mind like Robo taxis.

Remember, self driving is going to become a must, as insurance companies realize that a computer drives better than a drunk human teenager, what that means is that everyone will have to buy self driving or they will not be able to afford car insurance, remember, even if you buy a different brand of car, gasoline, or electric, you’re still going to be using a Tesla self driving, and you’re going to pay a subscription price for that, even if it’s going to be offered for free, you’re still going to pay for it since it’s going to be included in the price of your vehicle. So Musk can basically give away cars for free because he’s going to be making money every month from each car forever.

It’s also important to remember that gasoline carmakers are advertising on TV, so naturally you’re going to hear negative news about Tesla from mainstream media, they are liars.

[donblaximus]

I clicked on that link and I see zero Teslas for 25k.

And the MY isn't 37k, it's $45k. There is a federal incentive, but Tesla still gets 45k for it, they just get a portion of it from the taxpayers instead of getting the full amount from the purchasers.

Who cares what Tesla gets? SOmeone was just saying YOU CAN BUY ONE as a consumer for $37k. What other car can you get for that price that is close to that capability?

[donblaximus]

BRB how much does it cost to replace battery?

Tons of data out there that show 10+ year old cars with batteries still functioning without issue. There are corner cases. How much does it cost to replace a motor? Tranny?
ICE vehicles are terribly complex.

[MiscMathematician]

Who cares what Tesla gets? SOmeone was just saying YOU CAN BUY ONE as a consumer for $37k. What other car can you get for that price that is close to that capability?

what do you mean by capability?

[donblaximus]

Some people want a fun car for a daily. They get excited when they clock out. Other people just want a comfortable a to b car. I'm young, hell even if I was old, I want the daily fun car. But then, I've never driven a legitimately fun car or EV.

I get it. I have a Tesla P100D for a daily. Plenty of "fun" and will smoke my V12 exotic on a straight line at a stop light any day of the week. But if I want to drive a "fun car" i drive a lambo.

[kusok]

That $7500 tax incentive might be cut in half or eliminated starting next year, depending on how strictly the Treasury implements the next set of Inflation Reduction Act battery mineral / component requirements

Not a concern, as soon as the incentive ended, Musk simply offered the incentive himself that same day when people buy the car. It’s actually better, this way you’re actually getting money on the spot, instead of having to file your taxes and fill out forms that you bought an electric car and so on.

[donblaximus]

what do you mean by capability?

Have you driven a model Y or any Tesla?

the basic auto pilot is really good. My FSD version 12 is mind-blowingly good. I drive 3 hours from one city to another and through rush hour traffic while barely touching the steering wheel
You dont turn the car on or off. Dont lock or unlock. Instant torque. Acceleration is great for that price. Great handling
You can get a 7 seat option
Software function and creature comforts like charging just work.

NOthing in the price range comes close for a car to get you comfortably from point A to B.

[Destor]

Not a concern, as soon as the incentive ended, Musk simply offered the incentive himself that same day when people buy the car. It’s actually better, this way you’re actually getting money on the spot, instead of having to file your taxes and fill out forms that you bought an electric car and so on.

That’s still being funded by the IRA, it just became possible to offer it as a point of sale credit starting this year — other brands are doing it too

[donblaximus]

That’s still being funded by the IRA, it just became possible to offer it as a point of sale credit starting this year — other brands are doing it too

The big differentiator on the other brands is the chit software. The FSD software from Tesla is the goal. They just had to make cars to get the data. If they had their way from the beginning, they would have loved for the legacy automakers to make a good EV and they would just handle the autonomous driving softare. But legacy auto is terrible so they had to make the cars themselves

[MikeLowrrrey]

I get it. I have a Tesla P100D for a daily. Plenty of "fun" and will smoke my V12 exotic on a straight line at a stop light any day of the week. But if I want to drive a "fun car" i drive a lambo.

Straightline acceleration =/fun IMO.

Exhaust & 6 Speed manual in a slower car is fun. The gears, the exhaust, the rev matching. Nascar, NHRA, Indy were all founded because of those principles. And with technology these days you can have comfort & fun factor. Just grab a M5 Competition.

Hell I'd have way more fun on a slow Harley than a Tesla Plaid.