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https://www.kbb.com/tesla/model-y/2022/ https://www.kbb.com/tesla/model-y/2022/ > Price: The 2022 Tesla Model Y starts at $64,990. A Model Y Performance model
by dragontamer 3y ago
https://www.kbb.com/tesla/model-y/2022/ https://www.kbb.com/tesla/model-y/2022/
> Price: The 2022 Tesla Model Y starts at $64,990. A Model Y Performance model starts at $67,990. Fully loaded, a Performance model can exceed $80,000.
Is there any other car, EV or otherwise, that is seeing a 33%+ decline in price over the last two years?
Other EVs are seeing deep shadow-discounts. I'm seeing 0% or 1.9% APY financing, which comes out to a few $x,000 savings over the term of the loans. Its an interesting trick to reduce prices without changing the MSRP, but I'm perfectly aware of these games.
Still, no one is doing the depth of discounts like Tesla is doing right now. Granted, all EV makers (Ford F150 Lightning, Subaru Solterra, etc. etc.) have discounts of some kind, or at least financing-1.9% or other "shadow discounts". But nothing on the level of wtf 30%+ declines like Tesla.
- mavhc 3y agoTesla sell more EVs in USA than everyone else combined, partially because they can cut prices. Is any other company even making a profit selling EVs in USA?
- AnthonyMouse 3y agoThe comparison is a little weird because Tesla changes their pricing a lot. The Model 3 price is down ~25% year over year: https://www.kbb.com/tesla/model-3/2023/ https://www.kbb.com/tesla/model-3/2023/ (Long Range MSRP $45,990) https://www.kbb.com/tesla/model-3/2022/ https://www.kbb.com/tesla/model-3/2022/ (Long Range MSRP $57,190) But that's still higher than its release price in 2017: https://www.kbb.com/tesla/model-3/2017/ https://www.kbb.com/tesla/model-3/2017/ (Long Range MSRP $45,200) And the "target price" for this thing was supposed to be $30,000. It's hard to do the same comparison for the Model Y because it was originally released in the middle of the COVID supply chain problems, but notice that the year you're using was the high water mark. The Model Y Performance was $69,190 in 2022 but $61,190 in 2021: https://www.kbb.com/tesla/model-y/2021/ https://www.kbb.com/tesla/model-y/2021/ 2022 - 2023 was -32% but 2021 - 2023 was only -16.5%, which itself presumably had some of the supply chain issues priced into it.
- AnthonyMouse 3y agoThere is also an explanation for why Tesla's pricing is like this: They don't use dealerships. For most carmakers, if they temporarily can't supply enough cars, they don't change the MSRP but the dealers mark them up. Since Tesla doesn't have dealers, to change the price they change the MSRP.
- tomcam 3y agoAccording to Tesla.com the model Y starts at $42,990 and goes up to $52,490. https://www.tesla.com/modely/design#overview https://www.tesla.com/modely/design#overview