![]() ![]() It’s demand not matching Tesla’s increased production rate. Even if TSLA falls a bit due to weaker demand, I’ll feel better if it stays ahead of the fall of its competitors. And I feel small sighs of relief every time I hear another good Tesla or other EV/wind/solar bit of news. I feel like all is not a lost cause on the climate front as we keep accelerating our pace. ![]() The better Tesla does, the more other manufacturers will push their own EV programs even more so than they have already (and hopefully the more the governments around the world will follow suit). Reduced revenue per car will hurt TSLA, but I think it’s more important to look laterally at how everyone else is doing to compare how Tesla is actually doing. As you guys write more on this topic, would be great to see comparisons to other manufacturers to see how Tesla continues to do on a unit sales basis across the market as a whole (especially on the heels of the wild success of the Model Y, as written about recently, here). Interest rates affecting demand is a big one that affects everyone. Yes, there might be some cost improvements involved too, but not $16,000 or 24% worth in just a few months. If it could sell them for a higher price, it would and it has in the past. Tesla’s goal is to sell all the vehicles it produces. Just a few months ago, Tesla was selling the Model Y Long Range for $66,000 in the US, but after now several waves of price cuts over a few months, it is under $50,000 for the first time, and that’s before a relatively new $7,500 federal tax credit.ĭespite some of the staunchest Tesla fans or investors trying to make us believe that it’s all part of Tesla’s mission to make EVs more affordable, these price cuts are indeed due to demand going down. It’s hard to overstate just how drastic Tesla’s price cuts have been over the last few months. In some markets with state incentives, the Model Y will start at around $35,000 for a brand-new vehicle. Unlike the Model 3, all new Model Y vehicles qualify for the full $7,500 tax credit.
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