As EV sales across the globe have been heating up due to the number of companies joining the race for new models hitting the market, Tesla has been making moves to help (try to) keep its position at the top. Starting in China, the company dropped the price of its models in order to stimulate sales and keep up with the growing brands hitting the Asian markets. Now these changes are moving beyond Asia and to America as well.
Tesla has dropped the price of its vehicles in the US (as well as parts of Europe) and in some cases, it is significant when you consider access to tax rebates that are starting this year. Price drops can be seen across multiple model configurations for the Model 3, Model Y, Model S, and Model X vehicles. Including standard, plaid, and performance options.
Not everything is getting a price cut as there are a few configurations that haven’t changed much or have even seen an increase in price. This could have a lot to do with demand, but most seem to have noticed the 7-seat Model Y upgrade has gone up $3K. The price of the vehicle itself though has dropped, so it is just the “addon” of upgrading to 7 seats that has gone up.
Many users have taken to the internet to share their interest in this sudden change. Some excited about making a purchase now that the models are becoming a little more affordable again. While others have expressed their disappointment just recently spending significantly more for their orders.
Honestly, I’d be lying if I didn’t say I wasn’t a bit shocked and disappointed in the timing myself as I just picked up a Tesla last August (2022) and paid a lot more than what everyone will be paying now and didn’t have access to any rebates whatsoever. Such a notable price difference in such a short window does hurt a bit.
Thankfully, new purchasers are able to jump on the winning side of new orders as they take advantage of these new prices and tax rebates to save a huge amount of cash.
What do you think about the sudden price drops? Clearly, Tesla is pushing hard to make sure the pricing of its vehicles fall within the rebate requirements so that its customers won’t lose out on that. However, where does that leave those who recently purchased? Have you recently picked up a new model before the new year? Looking to order now? Feel free to share your own thoughts in the comment section below.
Update: Already, this has resulted in a lot of disappointed or even angry customers who have recently took delivery of a Tesla vehicle before the prices had fallen. Resulting in a number of complaints, as well as a strong interest in receiving some kind of compensation in form of either FSD or free supercharging. While the others argue that any time you buy something, you know the risk you take when it comes to changes in price that can happen at any time (especially, during inflated pricing). What do you think? Should Tesla compensate recent purchases (say, over the last 6 months to be fair?) somehow? Or should these customers take it as unfortunate timing and call it a loss?