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I'm surprised to see 38% YoY increase in Tesla deliveries (page 8) in the last 12 months, despite the high interest rates (thus expensive consumer finance) and
by cbeach 3y ago
I'm surprised to see 38% YoY increase in Tesla deliveries (page 8) in the last 12 months, despite the high interest rates (thus expensive consumer finance) and the high price point of Tesla's current range.
By comparison, Honda sales increased 33%, GM 14.1%, Ford 7.1%, Toyota 6.6%, VW 6.7%, Stellantis down 1%
https://www.cbtnews.com/car-manufacturers-report-impressive-sales-gains-for-2023-gm-tops-list/ https://www.cbtnews.com/car-manufacturers-report-impressive-...
https://www.volkswagen-newsroom.com/en/press-releases/around-487-million-vehicles-worldwide-volkswagen-brand-increases-deliveries-in-2023-18054 https://www.volkswagen-newsroom.com/en/press-releases/around...
When Tesla release its $25K car, and when interest rates drop, I suspect the march of Tesla on its rivals will continue apace.
- jliptzin 3y agoYou’re subject to the same interest rates no matter what vehicle you purchase. Base model 3 is not any more expensive than a typical new ICE vehicle especially with the federal credit, plus you save on gas and maintenance.
- KerrAvon 3y ago[flagged]
- mvdtnz 3y ago[flagged]
- bdcravens 3y agoI don't think it's fair to assume every customer is adopting the values of that company's owner/leader. I say this despite being someone who canceled a Model 3 order and went with a different EV because of Elon's values.
- earthling8118 3y agoWhat EV did you go with? I'm entirely on the fence. I don't even want to own a vehicle but since that's not practical for me yet I want an EV. I just can't stand sending a single dollar in that direction but I also haven't figured out what other options are acceptable.
- bdcravens 3y agoKia EV6. (the Hyundai Ioniq 5 and Ioniq 6 are built on the same platform and have the same advantages) It has about the same range as a Model 3 and the fastest charging rate you can get. It has features the Model 3 lacks, like Car Play, 3D park assist, and V2L, and ventilated seats (last one was only offered on the Model 3 this year).
- deleted 3y ago[deleted]
- jandrese 3y agoBase model 3 doesn't qualify for the tax credit. The only Model 3 you can buy with the credit is the much more expensive Performance edition.
- jliptzin 3y agoWas that true in 2023? Don’t know just what my friend told me when he bought his model 3 a few months ago. He decided to pull the trigger on it because it was the same price as a brand new camry
- dashmeet 3y agoNot true in 2023. In 2023 every version of the model 3 qualifies for the 7500 tax credit in the US
- jandrese 3y agoSadly it is 2024 now. Very few vehicles qualify for the tax credit now. The ones that do qualify tend to be the high end models that are hard to keep under the price cap—you need to special order the no-options model and hope there aren’t too many dealer fees. Good news for Chevy is that the Bolt qualifies. Bad news is that they stopped making it and no other Chevy made the cut.
- epgui 3y agoWe're talking about the 2023 Q4 earnings report.
- Marsymars 3y agoSeeing price comparisons like always make me feel like I'm living in a very different place. Here (in Canada), a base Camry currently starts at $36k (with the base hybrid starting at $38k) and a base Model 3 is $51k after the $5k federal tax credit.
- darth_avocado 3y ago> high price point I don’t know if you’ve shopped for a new car recently but non Tesla cars aren’t exactly that cheap. The final price for Tesla comes to be a couple thousand over advertised, but if you buy a non Tesla, it usually goes to tens of thousands more. A monthly payment on a new Tesla is probably very close to the monthly for a regular car.
- 121789 3y agonot sure why you were downvoted - I agree. teslas were very reasonable compared to other options when I looked
- deleted 3y ago[deleted]
- bdangubic 3y agonew - perhaps. pre-owned is another story. I bought top-of-the line 2020 etron prestige with 10k miles for $35k in november. new one is north of $90k
- omgwtfbyobbq 3y agoEveryone's dropping prices because of soft demand. In late December/early January, Tesla was discounting inventory long range Ys enough for them to be around $35k after the inventory discount and POS tax credit. They're a little more now, but that could change near the end of the quarter.
- bdangubic 3y agobetween getting a new Tesla and 3-year off-the-lease like-new Audi etron I’d get Audi any day of the week and twice on Sunday
- morepork 3y agoMaybe in the US, but if you live in less protectionist markets you'll find Chinese vehicles undercutting Tesla on drive away price. For example my parents just bought an electric hatchback from GWM for ~27k USD, or ~21k USD after government rebates. Tesla doesn't even come close.