4 ms·

If you bought a Model Y a week ago, I'm especially sorry. Even people who bought a Model 3 LR when it was discounted in December just got hosed, 7-10K or there

If you bought a Model Y a week ago, I'm especially sorry. Even people who bought a Model 3 LR when it was discounted in December just got hosed, 7-10K or thereabouts. Oh well, that's part of what happens when the manufacturer is also the only seller. Interestingly, when GM did something similar to 2022 Bolt customers, they cut them a check to make them feel better about the slashed price on the 2023 model. Tesla definitely won't do any such thing, of course. Most manufacturers probably wouldn't. It's interesting that GM chose to. I'm also seeing some regret on the part of Ioniq 5 owners who say they'd have bought a Model Y at this price instead of the I5. It's interesting how many people bought competing EVs just because Tesla was too expensive.

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laluser 4y ago
> just got hosed It's a car; a depreciating asset. I think people got way too attached to the idea that cars were going up in value. In this case, they tried to curb demand by increasing prices when everyone seems to have been doing the same. Countless dealerships added BS overhead as supply was so low last year. That's all changing.
- ceejayoz 4y ago
  > It's a car; a depreciating asset. Sure, but cutting prices 20% on new ones means your asset you bought last week just depreciated substantially faster than planned.
  - deleted 4y ago
    [deleted]
  - rootusrootus 4y ago
    Exactly. It's getting an entire year's worth of extra depreciation in an instant. It's just on paper until you go to sell, but that doesn't mean it isn't real.
    - lanstin 4y ago
      Anyone buying a car in the last year or two had ample data that it was a bubble due to supply issues causing sellers to be unable to maintain the volume. i bought a used model 3 for 35k usd before the bubble, saw the prices for that same car and mileage spike to 65k and then drop to 45k and now still 40k I do find it interesting that with all the data out there, i find it hard to see a graph of prices over time for cars. not the instantaneous prices, thwy are ineascapable, but the trend and history.
KerrAvon 4y ago
Re Ionia 5 customers: If so, I don’t think that regret will last long — the Hyundai EV products have better ergonomics, a real support network, and they’re not electric MAGA hats. And non-Tesla charging networks will improve.
- rootusrootus 4y ago
  Most people will have moved on to other cars by the time the CCS1 network reaches parity with the supercharger network, though. Right now it's still a compelling reason to buy a Tesla. Maybe the best reason.
boredpeter 4y ago
Tesla actually did give model 3 performance owners in 2018 the option of getting a check for $5k after they made the performance upgrade option free. The only downside was you would lose your free supercharging for life. But that was back before Elon was a massive d-bag.
- W-Stool 4y ago
  I'm not sure Elon was not a massive d-bag back in 2018 - he just didn't have the platform (Twitter) to show those traits off back then.
  - herpderperator 4y ago
    He didn't? He joined Twitter in 2009.
  - hacym 4y ago
    He was on Twitter in 2018. People just started listening to him for some reason.
- rootusrootus 4y ago
  Interesting. Well, maybe as a consolation prize for slashing the price on the Performance model so much, they could give away the Performance Boost to anyone who bought a LR relatively recently. Please. :)
genderwhy 4y ago
> If you bought a Tesla, I'm especially sorry. Drove a Tesla for ~10 years. What a disaster of a vehicle to own. Great delight to drive, huge headache owning it.
- coolbreezetft22 4y ago
  Why did you drive it for a whole ten years if it was such a disaster? Seems like an excessively long time to tolerate something that's causing you such headache.
  - genderwhy 4y ago
    The answer to that is complex, and involves personal finances, shame, papering over concerns, the desire to use electricity as fuel, not understanding what the other options were, etc. etc. People get attached to bad ways of doing things all the time. This was no different.
sva_ 4y ago
A friend just ordered a Model Y a couple days ago and apparently got 20% refunded.
- elteto 4y ago
  That's because he has not taken delivery. If Tesla didn't do this automatically he would just cancel his order and place it again to get the new price, thus generating more churn for Tesla.
yardie 4y ago
The Model Y was approaching premium car prices without the premium interior. In 2020, they were hovering at $50k but when the pandemic started they raised the price practically every week. If you’ve driven an Audi, BMW, Mercedes you kind of know what to expect and where the luxury price comes from. Except the Model S I never got the impression the 3 and Y were worth that price Tesla was charging. And I think the market made that determination as well. It’s great technology but 60x $1000 car payments is still a big commitment for a lot of people. There just aren’t that many buyers in that class.
- BoorishBears 4y ago
  In my experience the majority of the Teslas are luxurious noise comes from the fact it's often the first "luxury" car people have owned People who normally drove "boring" cars like Civics and Camrys because they saw cars as a utilitarian purchase swung for a Tesla because it was more of a tech purchase than a car purchase. So a lot of people insist it's the best car they've ever driven, and they're not lying... they just haven't driven many non-utilitarian cars.
  - tverbeure 4y ago
    I'm surrounded by middle aged high-tech-earning Bay Area Tesla-owning colleagues who used to drive (or still have as their second household car) BWMs, Audis, Lexus etc. I'm one of them. We didn't buy a Tesla because it was a step up from a Camry, but because Teslas are so much more fun to drive. It's really that simple.
    - rootusrootus 4y ago
      It can't be quite that simple in general. There have always been really fun cars, even some that were sedans. Maybe the niche Tesla figured out how to exploit was stoplight racers. Enthusiasts have never had trouble finding fun daily drivers.
      - tverbeure 4y ago
lotsofpulp 4y ago
> Oh well, that's part of what happens when the manufacturer is also the only seller. I am not seeing the connection. If the manufacturer reduced the price it was selling at to the middlemen, why would the middlemen (assuming there are numerous) not also lower their price to win more customers?
- deleted 4y ago
  [deleted]
- erulabs 4y ago
  Or the implication that the middlemen keeping the prices high is somehow a good thing?
- rootusrootus 4y ago
  Tesla raises and lowers prices instantly in response to the market. They're essentially doing the markup that dealers do, except they get to keep it for themselves. And they don't have competitors who can sell you a Tesla.
  - lotsofpulp 4y ago
    How is this dynamic changed by adding a middleman?
josefresco 4y ago
> I'm also seeing some regret on the part of Ioniq 5 owners who say they'd have bought a Model Y at this price instead of the I5. Sounds like people who are more committed to the brand than the product. Hyundai makes quality cars, Tesla does not... anymore.
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adam_arthur 4y ago
Should’ve bought something cheaper if you care about that. Hard to feel sorry for people blowing their budget on a car when they all functionally do the same thing at the end of the day
- r00fus 4y ago
  Yeah, I don't really see sympathy with those paying more for the same thing because timed it worse than someone else. This happens in concert tickets, airlines, even appliances all the time. Heck even housing - asking a new family to our neighborhood then telling them what you got your (very similar) house for 3 years (or sometimes even 3 months) ago...
potatochup 4y ago
The GM bolt rebate came with a condition saying that you wouldn't join any class action against GM w.r.t. the battery fires they were having. GM is also somewhat more desperate to sell bolts because it saves them buying emissions credits.

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deleted 4y ago

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laluser 4y ago

> just got hosed It's a car; a depreciating asset. I think people got way too attached to the idea that cars were going up in value. In this case, they tried to curb demand by increasing prices when everyone seems to have been doing the same. Countless dealerships added BS overhead as supply was so low last year. That's all changing.

ceejayoz 4y ago
> It's a car; a depreciating asset. Sure, but cutting prices 20% on new ones means your asset you bought last week just depreciated substantially faster than planned.
- deleted 4y ago
  [deleted]
- rootusrootus 4y ago
  Exactly. It's getting an entire year's worth of extra depreciation in an instant. It's just on paper until you go to sell, but that doesn't mean it isn't real.
  - lanstin 4y ago
    Anyone buying a car in the last year or two had ample data that it was a bubble due to supply issues causing sellers to be unable to maintain the volume. i bought a used model 3 for 35k usd before the bubble, saw the prices for that same car and mileage spike to 65k and then drop to 45k and now still 40k I do find it interesting that with all the data out there, i find it hard to see a graph of prices over time for cars. not the instantaneous prices, thwy are ineascapable, but the trend and history.

KerrAvon 4y ago

Re Ionia 5 customers: If so, I don’t think that regret will last long — the Hyundai EV products have better ergonomics, a real support network, and they’re not electric MAGA hats. And non-Tesla charging networks will improve.

rootusrootus 4y ago
Most people will have moved on to other cars by the time the CCS1 network reaches parity with the supercharger network, though. Right now it's still a compelling reason to buy a Tesla. Maybe the best reason.

boredpeter 4y ago

Tesla actually did give model 3 performance owners in 2018 the option of getting a check for $5k after they made the performance upgrade option free. The only downside was you would lose your free supercharging for life. But that was back before Elon was a massive d-bag.

W-Stool 4y ago
I'm not sure Elon was not a massive d-bag back in 2018 - he just didn't have the platform (Twitter) to show those traits off back then.
- herpderperator 4y ago
  He didn't? He joined Twitter in 2009.
- hacym 4y ago
  He was on Twitter in 2018. People just started listening to him for some reason.
rootusrootus 4y ago
Interesting. Well, maybe as a consolation prize for slashing the price on the Performance model so much, they could give away the Performance Boost to anyone who bought a LR relatively recently. Please. :)

genderwhy 4y ago

> If you bought a Tesla, I'm especially sorry. Drove a Tesla for ~10 years. What a disaster of a vehicle to own. Great delight to drive, huge headache owning it.

coolbreezetft22 4y ago
Why did you drive it for a whole ten years if it was such a disaster? Seems like an excessively long time to tolerate something that's causing you such headache.
- genderwhy 4y ago
  The answer to that is complex, and involves personal finances, shame, papering over concerns, the desire to use electricity as fuel, not understanding what the other options were, etc. etc. People get attached to bad ways of doing things all the time. This was no different.

sva_ 4y ago

A friend just ordered a Model Y a couple days ago and apparently got 20% refunded.

elteto 4y ago
That's because he has not taken delivery. If Tesla didn't do this automatically he would just cancel his order and place it again to get the new price, thus generating more churn for Tesla.

yardie 4y ago

The Model Y was approaching premium car prices without the premium interior. In 2020, they were hovering at $50k but when the pandemic started they raised the price practically every week. If you’ve driven an Audi, BMW, Mercedes you kind of know what to expect and where the luxury price comes from. Except the Model S I never got the impression the 3 and Y were worth that price Tesla was charging. And I think the market made that determination as well. It’s great technology but 60x $1000 car payments is still a big commitment for a lot of people. There just aren’t that many buyers in that class.

BoorishBears 4y ago
In my experience the majority of the Teslas are luxurious noise comes from the fact it's often the first "luxury" car people have owned People who normally drove "boring" cars like Civics and Camrys because they saw cars as a utilitarian purchase swung for a Tesla because it was more of a tech purchase than a car purchase. So a lot of people insist it's the best car they've ever driven, and they're not lying... they just haven't driven many non-utilitarian cars.
- tverbeure 4y ago
  I'm surrounded by middle aged high-tech-earning Bay Area Tesla-owning colleagues who used to drive (or still have as their second household car) BWMs, Audis, Lexus etc. I'm one of them. We didn't buy a Tesla because it was a step up from a Camry, but because Teslas are so much more fun to drive. It's really that simple.
  - rootusrootus 4y ago
    It can't be quite that simple in general. There have always been really fun cars, even some that were sedans. Maybe the niche Tesla figured out how to exploit was stoplight racers. Enthusiasts have never had trouble finding fun daily drivers.
    - tverbeure 4y ago

lotsofpulp 4y ago

> Oh well, that's part of what happens when the manufacturer is also the only seller. I am not seeing the connection. If the manufacturer reduced the price it was selling at to the middlemen, why would the middlemen (assuming there are numerous) not also lower their price to win more customers?

deleted 4y ago
[deleted]
erulabs 4y ago
Or the implication that the middlemen keeping the prices high is somehow a good thing?
rootusrootus 4y ago
Tesla raises and lowers prices instantly in response to the market. They're essentially doing the markup that dealers do, except they get to keep it for themselves. And they don't have competitors who can sell you a Tesla.
- lotsofpulp 4y ago
  How is this dynamic changed by adding a middleman?

josefresco 4y ago

> I'm also seeing some regret on the part of Ioniq 5 owners who say they'd have bought a Model Y at this price instead of the I5. Sounds like people who are more committed to the brand than the product. Hyundai makes quality cars, Tesla does not... anymore.

deleted 4y ago

[deleted]

adam_arthur 4y ago

Should’ve bought something cheaper if you care about that. Hard to feel sorry for people blowing their budget on a car when they all functionally do the same thing at the end of the day

r00fus 4y ago
Yeah, I don't really see sympathy with those paying more for the same thing because timed it worse than someone else. This happens in concert tickets, airlines, even appliances all the time. Heck even housing - asking a new family to our neighborhood then telling them what you got your (very similar) house for 3 years (or sometimes even 3 months) ago...

potatochup 4y ago

The GM bolt rebate came with a condition saying that you wouldn't join any class action against GM w.r.t. the battery fires they were having. GM is also somewhat more desperate to sell bolts because it saves them buying emissions credits.