Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Tesla turns up heat on rivals with global price cuts
Reuters ^ | January 13, 2023 | Hyunjoo Jin, Victoria Waldersee and Zoey Zhang

Posted on 01/17/2023 8:40:26 AM PST by SunkenCiv

Tesla lowered prices across the United States, Europe, the Middle East and Africa, following a series of cuts last week in Asia, in what analysts saw as a clear shot at both smaller rivals that have been bleeding cash and legacy automakers aggressively ramping up electric vehicle production...

The U.S. price cuts on Tesla's global top-sellers the Model 3 sedan and Model Y crossover SUV were between 6% and 20%, Reuters calculations showed, with the basic Model Y now costing $52,990, down from $65,990.

Tesla also cut prices for its Model X luxury crossover SUV and Model S sedan in the United States...

The move marks a reversal from the automaker's strategy over the last two years when new vehicle orders exceeded supply. It comes after CEO Elon Musk warned that the prospect of recession and higher interest rates meant it could lower prices to sustain growth at the expense of profit...

Shares ended down 0.9% after falling as much as 6.4% on Friday. Last year, Tesla stock had its worst year since the company's inception due to slowing growth in China and Musk's distraction with Twitter.

In Germany, Tesla lopped prices by about 1% to almost 17% on the Model 3 and the Model Y. The best-selling Model Y will now go for 44,890 euros ($48,499), down 9,100 euros.

It also reduced prices in Austria, Switzerland and France...

The move broadens the vehicles in Tesla's line-up eligible for the Biden administration tax credit.

Before the price cut, the five-seat version of the Model Y had been ineligible, which Musk called "messed up." After the price cut, the long-range version of the Model Y will qualify.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Travel
KEYWORDS: austria; china; elonmusk; france; germany; model3; models; modelx; modely; spacex; starlink; switzerland; tesla
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-69 next last
To: SunkenCiv
I hope Elon has a back up liability insurance.

Because the Tesla is a lot heavier than a regular IC car

A collection of Tesla's in an overhead parking garage might cause a collapse.

Not to mention an occasional battery overload and spontaneous combust.

Anyway the decrepit power grid in CA cant cope with the charging.

21 posted on 01/17/2023 9:11:15 AM PST by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SunkenCiv

Got a neighbor that bought Y model less than a year ago......boy is he gonna be pissed.


22 posted on 01/17/2023 9:12:37 AM PST by V_TWIN (America...so great even the people that hate it refuse to leave!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SunkenCiv

Still way more than I’ll pay for any car


23 posted on 01/17/2023 9:12:46 AM PST by Nifster (OI see puppy dogs in the clouds )
[ Post Reply | Private Reply | To 1 | View Replies]

To: SunkenCiv

Nice cars. Electric engines last for ages.

There is only one problem. We need a better battery.

One that charges in 5 minutes, does not wear out at 100,000 miles, gives a charge in hot and cold and is not heavy.

Maybe some day that will happen.

Until then we must use ICEs.


24 posted on 01/17/2023 9:15:54 AM PST by packagingguy
[ Post Reply | Private Reply | To 1 | View Replies]

To: from occupied ga

Agreed


25 posted on 01/17/2023 9:17:54 AM PST by Nifster (OI see puppy dogs in the clouds )
[ Post Reply | Private Reply | To 7 | View Replies]

To: AnotherUnixGeek
I doubt anyone buying an electric car is planning to keep it that long.

Good point. And it's another point in favor of ICE vehicles - they continue to function even 10 - 20 years after purchase without spending half the original cost again in replacing a battery.

26 posted on 01/17/2023 9:24:44 AM PST by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
[ Post Reply | Private Reply | To 20 | View Replies]

To: newzjunkey

It’s reasonable to think that anyone who can afford a Tesla can afford the charger and the installation of the outlet.

https://www.tesla.com/home-charging

Model S range increased from 265 miles in 2012 to over 350 miles now. Model X AWD shows 347 miles. Model Y RWD, 283 miles, AWD, 318 miles. Model 3 standard 272 miles, Long Range model 350ish.

Teslas have regenerative braking.

Lucid makes nice-looking cars, great range, but without more investment (basically, they need a backer already in the ICE business, I doubt that its current Saudi backing will endure) the 7,180 vehicles it produced (delivered 4,369) in 2022 will be difficult to double in 2023.

Mercedes apparently plans to drop the EQ name in 2024 as it phases out all gasoline and diesel vehicles, and be all-electric in the future.

https://www.engadget.com/mercedes-benz-to-drop-eq-brand-for-ev-220753279.html


27 posted on 01/17/2023 9:25:52 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: minnesota_bound

but aren’t you harming Mother Earth by contributing to climate change? /s


28 posted on 01/17/2023 9:27:31 AM PST by millenial4freedom (The Democrat Party thinks men can menstruate! How can it possibly be right about everything else?)
[ Post Reply | Private Reply | To 8 | View Replies]

To: packagingguy
Nice cars. Electric engines last for ages.

Only if you can get parts...

29 posted on 01/17/2023 10:13:37 AM PST by EVO X ( )
[ Post Reply | Private Reply | To 24 | View Replies]

To: SunkenCiv

Connecting the dots. The straight skinny on Elon.

https://americans4innovation.blogspot.com/2023/01/elon-musk-hides-his-4000-year-old.html


30 posted on 01/17/2023 10:37:16 AM PST by iontheball
[ Post Reply | Private Reply | To 1 | View Replies]

To: from occupied ga

” Let the brain dead fan boys buy them and then wonder where they’re going to get the new battery for them 8-10 years later”


A Tesla Battery Should Last Decades
Tesla (and Elon Musk) claims its EV batteries can last between 300,000 and 400,000 miles before they die and need to be replaced. Data collected by research firm NimbleFins seems to back this up — a study of 557 Tesla vehicles conducted by the company showed an average of 90% battery capacity even with 150,000 miles on the odometer.

How Much Does It Cost to Replace a Tesla Battery?
RELATED
How Much Does It Cost to Replace a Tesla Battery?
Most people drive around 40 miles per day and about 273 miles per week, according to auto insurance writer Liz Jenson. At that pace, it would take someone between 21 and 35 years to put their Tesla’s battery through enough cycles that it needed a replacement.

https://www.howtogeek.com/832686/how-long-do-tesla-batteries-last/#:~:text=Tesla%20%28and%20Elon%20Musk%29%20claims%20its%20EV%20batteries,capacity%20even%20with%20150%2C000%20miles%20on%20the%20odometer.


31 posted on 01/17/2023 12:58:48 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: TexasGator
Doesn't appear to be the case

https://cowboystatedaily.com/category/news/electric-vehicles/#:~:text=Brother%2C%20Sister%20Rent%20Tesla%20But,Hours%20To%20Go%20450%20Miles&text=A%20brother%20and%20sister%20rented,day%20to%20charge%20the%20vehicle.

it appears that they're placing the blame on the battery.

32 posted on 01/17/2023 1:08:01 PM PST by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
[ Post Reply | Private Reply | To 31 | View Replies]

To: from occupied ga

Media Circus

Dr. Jason Bloomberg, an overnight inpatient hospitalist at the Cheyenne Veterans Affairs Medical Center, drove his Tesla to work the night of Dec. 21 when an Arctic blast sent temperatures plummeting more than 40 degrees in a very short time.

He charged it up to 90% before he left for work and was down to 72% when he arrived. He lost 10% more range overnight during his shift. He lost another 10% more charge warming up the battery, but he had enough power to get home in the extreme cold.

Bloomberg also speculated that the Steavensons’ rental car was likely malfunctioning.

Whatever the case, he said that it’s not normal for a Tesla to lose that much range from cold weather. He gets irritated with the way such bad experiences are reported.

“If an EV malfunctions, then it becomes, in the media circus, emblematic of all EVs,” Bloomberg said.


33 posted on 01/17/2023 1:13:01 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 32 | View Replies]

To: from occupied ga

Tesla battery data shows path to over 500,000 miles on a single pack

https://electrek.co/2016/11/01/tesla-battery-degradation/


34 posted on 01/17/2023 1:15:45 PM PST by TexasGator (!!!)
[ Post Reply | Private Reply | To 32 | View Replies]

To: TexasGator

I think I’ll wait until the real word data comes in.


35 posted on 01/17/2023 1:20:25 PM PST by from occupied ga (Your government is your most dangerous enemy - EVs a solution for which there is no problem)
[ Post Reply | Private Reply | To 34 | View Replies]

To: millenial4freedom

I am from Minnesota. We need more global warming!


36 posted on 01/17/2023 1:57:15 PM PST by minnesota_bound (Need more money to buy everything now)
[ Post Reply | Private Reply | To 28 | View Replies]

To: from occupied ga

Electric is a fine solution for certain subset of needs, but it can’t compete in the general case.

If your needs fit within this subset then by all means buy yourself an electric car.

If you need a general case vehicle however, and you buy one of these as your only vehicle you will be disappointed.


37 posted on 01/17/2023 2:03:12 PM PST by HamiltonJay
[ Post Reply | Private Reply | To 7 | View Replies]

To: EVO X
There are so many vehicles still running that there is a busy after marked making parts to the original drawings.

Here is an example:


38 posted on 01/17/2023 3:02:58 PM PST by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: spokeshave

Total BS for old cars. It might take a year or so to get a part manufactured for a 60 year old vehicle.


39 posted on 01/17/2023 3:28:36 PM PST by EVO X ( )
[ Post Reply | Private Reply | To 38 | View Replies]

To: EVO X
Sorry ...you are wrong on this. Check out the cost of a rebuilt truck

Classic Car Overview 1976 f150 short bed 360v8 auto Its an a/c truck someone just took the condenser out No Bondo 43k original miles Original interior just had a pointless dent guy take almost every dent out except on the bed rails 4wd and a short bed Its an Xlt ranger We do not own this vehicle, vehicle is not located in boise. We can ship anywhere, and can ship in the lower 48 anywhere for a flat rate of $850.00. No other fees associated with purchase.

$35,000


40 posted on 01/17/2023 3:45:43 PM PST by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
[ Post Reply | Private Reply | To 39 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-69 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson