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This new price cut makes the new $7500 "inflation reduction"(lol) federal tax credit effective for at least the model Y, maybe other models too. So that may pla

This new price cut makes the new $7500 "inflation reduction"(lol) federal tax credit effective for at least the model Y, maybe other models too. So that may play a role - Tesla cut the price $10k but it really is more like an $18k price cut. Also, keep in mind Tesla raised prices multiple times over the past couple years - the Y started out at $48k (I think) and made it up to $62k, and is now back down to $52k. I always assumed they just raised the prices because of the hot/weird COVID car market.

HellDunkel 4y ago
Is the hot/weird Covid car market doing better by now?
- itsoktocry 4y ago
  >Is the hot/weird Covid car market doing better by now? Not really, at least in Canada. I've been shopping for a compact commuter for a couple of months. I'll use my Honda experience as an example: late model (2019-2021) are selling for the price of brand new Civics. However, you can't get a new Civic, since the local dealership is getting a trickle at unknown cadence. My dealer said they are getting FOUR this quarter, and they were already spoken for. I had similar experience at Hyundai, and the Toyota lot has nothing. It's still wild. Meanwhile, financing rates are over 8% on used cars, with stellar credit.
  - no_wizard 4y ago
    In the US, I only had luck with Kia. I don't know why, but I found Kia dealerships in the area where I bought my car (Sacramento) for MSRP. Actually managed to negotiate a good price without the BS dealership markup and silly add-ons. I don't know if its an anomaly or not, I may have just gotten extremely lucky after looking for over a year, and it was only with Kia and their Soul model, not any other line.
  - HellDunkel 4y ago
    That’s also my impression. Delivery times of more than a year are not uncommon. Tesla seem to be doing a few things right though
elicash 4y ago
I totally understand why you would "lol" at the idea of a tax credit lessening inflation. However, in this case it did actually cause a car company to reduce prices, so it's probably the biggest counterexample I've ever seen.

HellDunkel 4y ago

Is the hot/weird Covid car market doing better by now?

itsoktocry 4y ago
>Is the hot/weird Covid car market doing better by now? Not really, at least in Canada. I've been shopping for a compact commuter for a couple of months. I'll use my Honda experience as an example: late model (2019-2021) are selling for the price of brand new Civics. However, you can't get a new Civic, since the local dealership is getting a trickle at unknown cadence. My dealer said they are getting FOUR this quarter, and they were already spoken for. I had similar experience at Hyundai, and the Toyota lot has nothing. It's still wild. Meanwhile, financing rates are over 8% on used cars, with stellar credit.
- no_wizard 4y ago
  In the US, I only had luck with Kia. I don't know why, but I found Kia dealerships in the area where I bought my car (Sacramento) for MSRP. Actually managed to negotiate a good price without the BS dealership markup and silly add-ons. I don't know if its an anomaly or not, I may have just gotten extremely lucky after looking for over a year, and it was only with Kia and their Soul model, not any other line.
- HellDunkel 4y ago
  That’s also my impression. Delivery times of more than a year are not uncommon. Tesla seem to be doing a few things right though

elicash 4y ago

I totally understand why you would "lol" at the idea of a tax credit lessening inflation. However, in this case it did actually cause a car company to reduce prices, so it's probably the biggest counterexample I've ever seen.