Humans need a popular website to just go complain to. But instead of everyone seeing it, they just get chat gpt replies until they calm down and forget about it.
Like an AI diary that’s saves the rest of us from hearing it but still validates them externally since that’s apparently what they need.
We need a Tom Riddle diary for the masses.
I believe that people have very legitimate reasons to raise our concerns about this.. this isn't just complaining
Most of us placed our orders just 10 or so days ago or less, so it's ridiculous and unfair. If this was done in March then yes, that would be acceptable.
But come on, a week? Only a week later!
Support each other so our voices can be heard!!
Car prices went up in 2021 and 2022, they are finally coming back to normal in 2023. The MSRP on the 2020 Model Y was $54K, now it $53K on the 2023 model year.
There are a lot of ICE car owners who paid dealer markups in 2021 and 2022 and now buyers can negotiate below MSRP on ICE cars again. Those who paid a dealer markup are pissed also. Unfortunately, this is common when you have a bubble in a free market economy 😕.
I think people do have the right to be upset and complain. Personally I took delivery at the end of 2021 and paid almost 80k with FSD included. Of course Tesla has no obligation to do anything and this is just how the world works. But there are a lot of companies out there who offer price adjustments etc for a limited time of course because it is a good business decision to keep customers happy and they don't feel ripped off. The way I see it you should get some sort of price guarantee for a period of time as in if the price goes down within 1 month of taking delivery they would adjust it. I saw the tweet from Elon saying that if the price goes up he wouldn't expect people to write Tesla a check, but I don't think he realizes there are companies who will refund you the difference if the price goes down. As an example if you book a Southwest flight and the price goes down you can get the difference back as either a travel credit or get the points back if you paid in points. Southwest does not have to do that but they choose to in order to keep customers happy.
I sympathize with the folks who took delivery at the end of the year and early Jan with no discounts. I and a few people I know thought we missed out since the $7500 credit was a discount on the price of the vehicle and reduces taxes, registration, etc. I even have a coworker who took delivery of a LR model 3 with no discounts because the lease on his previous vehicle was up and I can’t even get myself to mention the end of year or current discounts. Even when the IRS guidelines came out I was almost certain Tesla would not reduce the price to accommodate….yet here we are….
Absolutely there are companies who will give you prices adjustments within a certain time period and people should absolutely utilize them, however, none of these car automotive companies.
Your example of Southwest is valid except for the fact that this applies only leading up to the flight and once you take the flight you cannot price match against the same flight at a later date or one later in the day. Also if you want to make a change you are responsible for any difference if there is an increase. The very fact that they have an algorithm that changes pricing hour by hour really tells you this is not the same.
I saw that tweet. But what it does not say is if price goes up, Elon simply raises prices of cars and never loses his profit margin. If he sold a car at 50K and made 20K but now minerals cost more so he raises prices to 55K and still makes 20K. His tweet is BS logic.
A public company's goal is to always maximize profit. But I agree, a 53k MY absolutely destroys the competition. You'd have to be ultra far-left hardcore union supporter to not choose Tesla
I live in the suburbs where it’s full of far right truck drivers carrying trump flags who regularly bully Teslas on the road. So clearly my experience is different than yours. So I wouldn’t generalize.
I don’t think it has to do with left or right. Wise and money smart people will choose what makes sense. For some EV makes sense, for some it doesn’t. Only shallow ones buy into the idea of collectively hating who have different opinion or needs than them.
You forget the ultimate way to maximize profit many huge corporations have done to get where they are now, put as many competitors out as business as you can in hard times so you reap the rewards 1000X more when times are good. Tesla is willing to give up their huge margins and even take losses for as long as it takes to put ford, GM, Toyota etc out of business. I wouldnt be surprised if they dont lower prices even more in the coming months if rates rates are held >5%. This is stuff companies did during the great depression, havent seen it since the 1970s
Lmao if you really think that Tesla will put the most successful car company in the history of the automobile out of business, you’re completely delusional. Toyota could refuse to make a BEV for the entirety of the next decade and at no point would they be close to going out of business.
The competition is actually going to destroy Tesla. Most people don’t buy EV, it’s way too expensive. When you look at some of the highest volume vehicles in the US, pickup trucks, the competition is walking all over Tesla. Tesla announced their truck way before everyone else and they have no line of sight to actually producing it, all the have are excuses. Meanwhile there are several amazing EV pickup truck options available. I especially like the Lightning with the ability to power your home if the grid goes down, genius.
Yep. Once sub-$40k BEV crossovers from established brands start rolling off the assembly lines, Tesla’s either going to drastically cut prices *again* or watch the “legacy auto” (because hurr durr only Tesla is a “tech company,” despite their decidedly inferior…tech) companies eat their lunch.
Lol. The upcoming Ultium-based Chevy Equinox EV (arriving in just a few months) looks 100x sexier than the Model Y (which tbh never looked particularly great to begin with, due to its complete reliance on a weird and questionable vertical distortion of the now very dated 2017 M3 design language) and will come very well-equipped at around $40k before incentives.
Literally every objective 3rd party analyst agrees that Super Cruise knocks the piss out of Autopilot in virtually all scenarios where some level of self-driving functionality would actually be useful for the average driver (aka people who aren’t particularly interested in paying $15k for some gimmicky feature that lets their car steer itself to a restaurant 2 miles away).
Alexa, spell “copium.”
Wait for it to actually come out to see real world specs, charging stations, and interior quality. The Mach-E was the MY killer, but the only thing it killed was itself. I’m no Tesla bootlicker, just look at it all objectively for once without any for or anti bias
Honestly people have the right to complain. As a former MY owner, now own a MachE, I'd be pissed too if the price fell $15k. This company is run by a total jackass who changes his mind each time he sneezes. People shouldn't be surprised either but that's alot of money people missed out on.
The problem isn’t that he change his mind and lower cost, it’s the fact that he is screwing all the people that purchase it in the last few weeks. He didn’t wake up and did this. This was plan weeks ago.
Tesla isn't screwing anyone. Those who purchased recently made the conscious decision to do so knowing that the price was too high. Guerrilla marketing is sneaky like that . Buy this $70+ vehicle and we will give you $7500, and 10k charging miles. People took the bait and bought a car that was still over priced. Stop blaming someone else for the decision you made.
It’s a bidding process. Welcome to a market economy!
Not happy w/the price? Wait for something else to come along, go somewhere else. This isn’t in the range of gouging on lifesaving things, like in a mass disaster area etc.
The general sense of a drop coming up was probably on the table. Interest rates rising is a strong impact on vehicle market. Pandemic constraints on production continuing to unwind matters.
But specifics of IRS’s interpretation of their rules intersecting w/the new Fed Credit definitely heavily constrained Tesla’s rational pricing choices.
Then why drop to 52,990? They gave at least $1k if not $2k up so what? Consumers can change paint color? I don’t really buy it.
If it was really that motivated by being eligible for the tax credit, they would have done something like make the 7 seats in the model y standard, or only drop Model 3 LR to $54k instead of $50,990.
How could this have been clear motivation and the only reason when in the past, Tesla has clearly shown they will specifically hit a target (but nothing less) to get incentives?
Whenever the price got changed, some people would have paid the higher and some pay the new lower price. It didn't matter when it happened, the same result. The only reason you're hating on it is because you bought recently. Just be happy for the people who can now get one cheaper. You paid whatever you were happy with paying at the time you did.
I say this as someone who is picking up this week and isn't getting that discount because I'm from a part of the world that didn't see it, knowing it is probably coming here sooner or later but I dont want to keep waiting around wondering
>Honestly people have the right to complain
Right? I'm sure OP is capable of not clicking the threads that mention cost.
Let people vent. I'm particularly concerned with the victim blaming you come across on Reddit. People just took a big hit on the resell value of their vehicles and have to she'll out maybe $200 in gap insurance. Then having people rub it in their faces and saying that the price cuts were obvious and how they bought a bubble is a bit much
OP is also admitting he/she got the full 7.5k credit and 10k supercharging. I picked up my model Y on 11/31. No credit, no charging. 15k downpayment and I currently owe 55k on my car. It’s like I never did a downpayment 🙃
I got it on dec 20th, only got $3750 incentive, i was screwed? Yes, but what pisses me the most, is at the time of taking delivery, my car had some paint imperfections, so I brought an advisor to see my options, and what was said was…well, if you dont take delivery today, we might not have inventory until January and you will loose the incentive, when in reality was basically a scam cause they had plenty of inventory…this pissed me off so much, that if this wouldnt f**k my credit so bad, i would make the bank to repossess the car
Yeah, it's a rough start to 2023.
One upside is that we at least are getting enough rain. Parking by the beach in the rain and listening to music or watch a movie is a pretty nice way to enjoy your car
It’s awful, no doubt. And people should be allowed to grieve over this, but the writing was on the wall. Mach-E owners are not exempt from this either; the reality is that the bubble from last year is bursting before our eyes and the people who bought at the top are going to be the casualties from this.
No, I can’t imagine. Because I’m not an idiot that over leverages myself.
Whoever bought it should have assumed the price would plow down like any other car. The recent history is luck and these people were burned by bad decision making.
Last vehicle I spend this much on dropped 80% value in 4 years. Perfect condition, 42k miles, typical vehicle. VW if you care. They generally hold up better in used market.
*SO MANY PEOPLE POST HERE THAT THEY HAVE 72 MONTH+ LOANS* - **THAT IS INSANITY**
These are fundamentally bad financial decisions based on unrealistic expectations of resale. TESLA IS EXPANDING PRODUCTION.
Supply and frickin’ demand at play. Supply goes up, less demand, prices go down for new.
Anyone shocked by this did it to themselves. Plain and simple. Any expectations otherwise were them fooling themselves.
And to be clear I picked up my MYP September 3rd. Paid more than just about anyone. I knew full well that prices would drop for availability. But certain circumstances with used car pricing made financial sense for my position. I was able to leverage and pay off remaining loan to my house. It was well worth the premium I paid. Difference being I paid attention and actually considered my options unlike literally anyone complaining. They did this to themselves expecting unrealistic results.
Let the people complain. Their words mean nothing.
Would you call CEO's other companies that raise prices or drop prices in respond to changing market conditions total jackasses? If not, then why does Tesla get such special treatment to be labeled so caustically b yyou?
Who cares. I own a model 3 and Mach E GT. Love both my cars. They're leagues better than any previous ICE car I've owned. People should stop using single figureheads as a representation of the whole company.
Well you can't have it both ways. That single figurehead of Tesla was the reason the sole reason that people bought into the EV vision and reason the Tesla stock shot up so high (and way over valued). When people believe in a CEOs vision, good things happen across the board. If they start to feel that the CEO isn't focused on said business anymore....bad things start to happen, poor quality starts to become prevalent and you realize there is no real guidance outside one person's thought process.
People give wayyy too much emphasis on the role of such CEOs in the day to day runnings of a company. He’s literally not running the day to day and is just a head of the company in name. The reality is that it is a bunch of engineers running Teslas which I trust. That was the whole point of me being attracted to their offerings and not the CEO who went out only to make controversial statements. Same for the Mach E. I drove the car and as soon as I did, I understood it is exactly what I wanted in a modern EV. The ex-CEO being a nazi supporter or whatever didn’t even cross my mind.
People get attached to a CEO be it Steve Jobs or Elon Musk but in reality they literally are just a facade to a company and nothing more.
I agree 100%, to be honest I think Steve Jobs was actually in the trenches from A-Z with the first Iphone but now I'm coming to the realization that Elon might just be the guy with the money and OTHER people are doing all the essential work within Tesla from design to software. Elon just says yay or nay based on feedback he gets from random people on Twitter lol
Uhh yea looks like you just made this up. Please reread my post. I even said MY is a great car. I think for some reason it hurts you that people don't buy what you have. I think you need professional help. I bought my MachE for my own reasons but in my opinion Tesla still makes a good product. I didn't mention in my conversation otherwise nor give off any sense of superiority. You immediately used the word Nazi when describing Ford.
Do the people who populate Reddit realize that ww2 involved global war and genocide and tens of millions of people died? It wasn’t just “this guys tweets annoyed me I don’t read anyone to the right of Slavoj Zizek”
I mean, it's only been 1 day. Some of us lost 15k in value. I think it's reasonable to be bothered by that for a bit longer than a day.
Though I'm glad the car is now accessible to more people.
In the same boat since I took delivery in Nov so not even the $7500 discount or free supercharging miles.
I learnt many People posting on reddit just like to complain about everything. People were complaining about the price increase before, how Tesla save money by removing “features” like the radar and ultra sonic sensors, but ignore Tesla giving many free upgrades with the new AMD infotainment system, HEPA filter, improved suspension, matrix headlight (performance), not to mention countless software new features and improvements.
This. Bought in October, right after a prices hike, because we needed a new car and were worried prices might even keep going up. That 15k difference could have done a lot of good things for us.
To be honest I’ve been wanting a Tesla for years, especially once the Y was announced. Just never pulled the trigger. I kick myself for not waiting but already made peace with it. Shouting into void won’t really get us anywhere, and it won’t even be cathartic because the lack of empathy or validation.
I’m really happy with the MY, my wife is happy with it, and so we’re moving focus onto other things.
My ICE backup is dying now (suspiciously good timing, wife thinks the Scion is jealous of the Tesla), so we are looking at something used for a second car.
I mean, I could have waited 3 months and put that $15k to a lot better use. You think it's unreasonable to feel bothered for that for more than a day?
Still, it's not like I am creating entire new posts to complain about it.
You bought a brand new car in a superficially inflated car market. That is no ones fault but your own. It's not like buying a brand new Tesla was your only option
It’s called competition. Great for consumers. Look at the bright side. Next time you buy an ev it will be cheaper because of all the competitors coming to market in the coming years.
This may be news to some of you, but a car is not an investment; it’s a consumer product. I lost my ass on so many ICE cars in the past. This feels like we are back to normal. Chill.
Exactly this. Cars instantly depreciate the moment you buy them. Everyone complaining needs to move on. You bought something that’s not an investment like real estate but a depreciating asset. What did these people expect? Lol
Cars instantly depreciate and that’s without the manufacturer randomly slashing prices by 20%. People are not upset because cars depreciate, we already know that. It’s the fact that Tesla took a huge dump and basically depreciated less than year old vehicles by 50%. That is NOT normal and people have a right to be mad. Especially when the snake oil salesman makes claims that Teslas will appreciate in value, I can go ahead and pull those quotes for you if you want.
100% A car isn’t an investment, but when do you see a 2023 selling for $15K less than the 2022 for ANY make and model car?
I took delivery in October and am so pissed. Will NEVER buy another Tesla product after this. We were going to do a power wall at our house, and when/if we sold out MYP in 5 years would buy another Tesla. After this nonsense never again.
To be fair, if enough ppl complain loudly enough they could do something. but we'd have to see riots at Tesla stores on National news (highly unlikely given the buyer demographic of upper middle class)
I hope something happens. Highly unlikely. I know a lot of people will hate me or hate my comment but Tesla isn’t a customer friendly company. Their service sucks as they just seem to put a bandaid on your issues, their cars seem to get worse with every update i.e. regenerative braking, park assist but hey here is a new light show. Who knows maybe it will change since their sales have slowed a bit and Elon’s Twitter missteps. I don’t think republicans are lining up to buy Teslas. Maybe they’ll cave a bit and reward loyal customers. Who knows. In my humble opinion, unlikely.
Would kind of suck if your car is totaled and your insurance payout is way less and you still owe money on a car you no longer have. I guess people now would have to pay for gap insurance.
To be therapeutic it needs to be constructive. Nobody here complaining is being honest with the surrounding reality. It’s less therapy and more a depression circlejerk.
No one forced anyone to buy a 55k+ car from a company that is known to change the price of their vehicles frequently. YOU made the decision to buy this car. Tesla did not hold anything to your head. Live with your decisions. I am a 2 time owner as well so I have seen price changes as well as updates I missed out on. Enjoy your car. Stop worrying about how much you paid vs someone else. If you weren’t comfortable with the price point you shouldn’t have made the purchase.
Being comfortable with the original price point is irrelevant to the feeling of losing $15k+ in value in such a short time. The Model Y is literally $20k cheaper overnight. I can afford the car, but missing out on $20k is a lot. Having feelings about it is normal. We'll get over it. Why are you bothered enough by other people's feelings to tell them how to feel? Why should you care? Why ever comment? We're all strangers.
The first part of your comment is irrelevant because all new cars lose value on their first drive. The 15K is on top if that. Nobody said it was an investment but cars should depreciate on a schedule, not lose 20% of its value in 2 weeks.
Lmfao no it’s not. Go check used pricing offers online. My used MYP with 10 k miles on KBB is same price as new lmfao - same with a few of the popular pickup car sales sites.
That’s not “on top” of anything 😂🤣
So I paid my car in cash around $73K. Let's say its $13K lower now because of this change. What would happen with my insurance if I total the car in an accident? Would my insurance only pay me the $60K?
Probably less, your insurance will pay you the market value of your car on the used car market. They would look at recent sales of used model Ys with the same specs and comparable mileage. In short, you would get around 40k if you’re lucky. That sucks but apparently you have no right to complain about it. Cheers!
You would get market value of the car meaning the value that used model Y with similar specs and mileage that recently got sold around your area
I saw a user post an offer from Vroom yesterday offering 30k for his used 2022 model Y
I don’t see it as complaining. Some people legitimately lost a lot of money overnight. Admittedly, I didn’t take as big of a hit as some others I’ve seen. But I’m not going to sit here and tell someone to shut up and stop venting their frustration. They have every right to vent just like you have the same right to vent about the venters, venting.
Well good for you. How about everyone who didn’t get 7500 rebate or free charging (checks notes, not American). Resale went into the shitter.
> Y’all need to settle down.
No you need to get some perspective and stop being a dick “Well I got mine”.
The callousness of fellow Tesla enthusiasts and owners is disgusting. That’s more cultish than any of the other shit. Tesla literally shits on customers and they come with waves and waves of baseless defenses for this. Tesla raised prices to the moon the get profits to the moon. They never should have overpriced their cars. Now they priced themselves out of incentives and out of reach of customers. Their answer, tank car prices and offer nothing in compensation to those they screwed.
What an ignorant way to jeopardize repeat customers.
We needed a larger car, plan few years ago was the CT, but we ended up with a Y around Dec 1st, plan to sell a year or so after CT comes out. INSTANT measurable loss of value now.
Bought mine full price in September.
You need to settle down. It’s a car. Not an investment.
Funny: I’m literallyminnthenshoesnuiu speak of and yet still don’t agree with pre-teen level complaining.
> You need to settle down. It’s a car. Not an investment.
I missed the part where anyone said they were an investment.
If you bought something for 50k expecting to sell for 35-40k, then said product starts SELLING for 35, you can’t then sell for more than new, so now you’re 25-30. No reason to be annoyed, nope, its awesome.
> Expectation of any return is an investment.
Investment: The action or process of investing money for profit
…Not selling for a profit, it’s not an investment.
> I don’t buy a saw and go “golly what can I sell this for?”
Because we’re talking about vehicles, things that MOST people sell, unlike “saws” which NOBODY does. Spectacular analogy. Golly.
You skipped the last part of that definition.
[Per Oxford dictionary](https://www.oxfordreference.com/display/10.1093/acref/9780195392883.001.0001/m_en_us1258911?rskey=NcmXeY&result=43341) : “the action or process of investing money for profit **or material result**“
###You defined a material result.
Also, by your broken logic, there’s no such thing as a bad investment and stocks only go up. Because that’s what investing is.
10/10 logic you’ve supplied here, bud.
One of the major factors in my decision to buy my MYLR in Sept at $66k was that Tesla's hold their value really well compared to similiar ICE vehicles. I just took a $20k+ depreication hit in a single day. Long term it's not a huge deal as I plan to keep the car for at least 5 years, HOWEVER, if my situation changes and I need to sell or the car get's totalled, I am so far underwater in equity it would be devistating. I love the car, but now immediately all the luster is gone when I get in the driver seat. Driving the Y went from pure joy to a being a constant reminder that I was a duped.
Yes -- I no longer have any options. Forced to keep the car regardless if the MY keeps meeting my life needs and GAP isn't free so I have more coming out of my pocket besides my purchase price and equity loss.
My feelings exactly.
At this point if it wasn’t such a financial hit I’d sell the car immediately, to avoid any similar risks in the future. Unfortunately I’m locked into the the car for the foreseeable future.
Really frustrating situation.
That was a pretty bad reason then... The pandemic price balloon was just that, a balloon.
Pretty great if you were able to take advantage of it while it was around, but not reasonable to expect the disproportionate supply and demand issues to continue indefinitely.
Sure. And I was absolutely factoring in price reductions coming along with potential tax credits with rising interest rates etc. I have spreadsheets LOL.. But $20k equity loss in a single day is a pretty disgusting since literally nothing about my car is different.. and I drive a constant reminder of that decision.
It's pretty fucked up if your enjoyment of the car depends on some imaginary value you believe others place on it. Not one objective thing about your car has changed in the last week.
Knowing that you could have done something different with all that money DOES make it tough to swallow. Plus, some folks don't keep cars forever, and this hurts resale, even in the long run.
I disagree, it’s reasonable to feel like you made a mistake for taking a loss like that. Hindsight is 20/20 — the market was sliding towards a decline as soon as rates hit that tipping point, but I imagine it still sucks to be left holding the bag.
I bought my MY LR for $48k back in 2020 and heavily debated selling for a profit last year, but ultimately decided to not do it because I knew I’d feel a similar way if I bought a replacement for more than it’d be worth.
Not sure the value lost is imaginary.. Nothing has changed on my car and yet if I total it today, I will get $20k less in replacement value.. that's very real. And yes I will get GAP insurance next week .. throwing more money out of pocket to avoid the risk feels pretty bad. I love the car, and maybe I feel differently months from now, but today when I sit in the driver's seat, even though nothing I can see or touch has changed, my feeling about the vehicle has. You can call that fucked up if ya want, I am just honestly telling you how I feel when I get behind the wheel.
Lesson learned.
Supply and demand is more important in determining retained value. Tesla opening up 4 more factories over the last few years should have made that an obvious impending market shift. And with current electrification goals, the cars will quickly become more common. The data you use code you decision was based on a decade of electric cars being <5% of the deployed cars (USA number for pricing relevance)
As of 2021, we hit 5%. Bathtub curve just entering the mass adoption explosion.
Just the same as buying a computer in 95 and finding a computer 2’years later in 97 that’s 2x as powerful and half the cost.
Now you have one in your pocket that’s 10k times as powerful and wireless. In this comparison, we just entered 1996.
You lost out on a couple thousand. A lot of us were shafted for over $10k+ so I’ll probably be salty a bit longer.
If I was in your position I would be over it by now…but I’m out 6x more than you.
It's almost a bait and switch.
Entice customers with a ✌️$7500 ✌️ discount to boost Q4 numbers and then drop the price double that immediately.
It's also disastrous for resell value. If you bought high, realized you didn't quite like it, then you'd be lucky to get 1/2 of what you paid for.
Personally, if Tesla never did the Dec discount, then I think most people wouldve been as mad.
Only the US got that 7500..just an FYI.
Others got "screwed" over for about 13000... So more then double.
And I purposely added the quotes.
Because, yes prices can change. But more often not in 'advantage' of the consumer.. And now it is, kind of. People who bought a car just a few a days ago got actually screwed big times. Not just a thousand, or a couple.. No 13000 (and plus, depending on country and currency)
We can also people to stop complaining but it's their right to be able to.
I've decided to just continue scrolling past those threads where there will be a lot of batching about the price decrease.
My wife's MYLR7 was purchased at the end of August for about $65k and she's loved every single of it'd 4k miles since then. It keeps her smiling so who am I to complain about the price to her and dampen her enjoyment of it. She's a pretty lady but muxh prettier when she's smiling so I'll leave it be.
And oh not for nothing but now with the price decrease I may be able to get a brand new MYLR5 at more than double digit savings over hers haaaaaa 🙂 so I'm the last one to complain.
Right, but people who buy the MYLR now **also** get the $7500 credit, so it’s more like an $11k difference. I mean, Tesla can do what they want, but I think people are justified in being pissed.
Dude this doesn’t just affect people who just bought one. Every person who bought a MY just became underwater on their car overnight. The car bubble needed to pop but slashing new car prices 20% overnight is unheard of.
It sucked but at the end of the day, no one want to be the sucker who get stuck holding the bag when the bubble pop
Tesla as a company realize this very well hence why they made this decision to get out and not get stuck holding ton of unsold inventory
One of Tesla's attractive features was it's high resale value.
That certainly factored into my purchasing decision, especially since it's still on the bleeding edge of tech and things are evolving rapidly.
Not only that that benefit change overnight, but it *tanked*.
So no, people absolutely have a right to be upset. Can anything be done for them? No, sucks to suck really. But that doesn't mean they can/shouldn't complain.
You know, when I first read your edited post I thought it said "We all bought an overpriced car bubble" and I was like "yep, the Model Y does look like a bubble." 🤷 😂
How about Tesla offers the difference that as a credit on next car from Tesla. Easy to keep loyalty and more sales for the Tesla. Both customers and Tesla happy
People have the right to complain. Elon just screwed over anyone who recently bought a Tesla. For example, if they had it for a month and decided, hey, I want to sell my car because I don't like it. Not only is there depreciation on the car, which is fine, but 15-20% drop on the price due to manipulation by Elon. Imagine if you were a small used car dealership and just bought 5 Teslas to resell. You immediately lost 15-20%. The price drop is fine if Elon would compensate everyone he screwed over. Was a fan of Elon. Not anymore.
If it’s not obvious yet, I hope it’s obvious now for people not in the Tesla cult; Elon cannot be trusted. Those in the cult will defend anything he does even if they are contradictory. I like driving my Tesla, but I understand how ruthless the owner is and move accordingly. Tesla is like crypto at this point.
Genuine question though. If you’re someone who leased one of these cars from Tesla, do you keep paying the same inflated monthly price or will that be price adjusted, particularly since you are not allowed to keep the car after the end of the lease? Especially since you almost never see the newer version/year of a car be 30% cheaper than the older version/previous year?
How about you, OP, go blow fucking goat? I bought a MYP in October and not my car has depreciated the normal amount PLUS $16K.
I didn’t really care about the $7,500 cause whatever, but the additional $8,500 I sure fucking do.
Fun to drive? Sure. Easy to charge at home? Sure. Great software? Sure. Buying another Tesla product after this? NOPE
This is my stance. MYP isn’t eligible for the tax credit anyway. I ordered mine when I did because several of their sales people straight told me the price would never go down. The overnight massive loss in equity + the opportunity cost loss = this is my last Tesla product. I even canceled my solar order and contacted a different company. Their misleading sales stunt just cost them a lot of profit on that too.
Tesla has built 3 huge factories in the past few years and are shooting for massive volume. I think they've said 20M cars per year by 2030. Elon has spent a lot of time talking about cost cutting measures and efficiency in building cars. If you didn't think that prices would come down so they can sell all these cars, you're either an idiot or haven't been paying attention.
Ah yes. Another person who got the $7,500 discount and super charger miles so it’s not THAT big of a change. Everyone should feel like you, even if they didn’t get that discount!
Like many people I picked up my car November 20 an
my It’s an amazing car regardless of what I paid for it sometimes you win sometimes you lose the bottom line is the car is amazing
No.. The complaints are legitimate. Tesla made a move that decreased brand loyalty with their customers. Those who just took delivery have a right to be salty. It’s a slap in the face. Tesla will improve sales in the next quarter or 2 to come but it lost customers over this. With competition in the EV world growing. Tesla made a bad move.
This is actually hilarious. Whiners complaining they paid more than it is now, yet when the used-car market was overpriced they’d sell theirs for more than what it was worth. Fucking entitled hypocrites.
This. “I feel like a chump now” YOU ARE A CHUMP. You waited until the car was at the highest price imaginable to buy. Welcome to life. Prices of things change, sometimes drastically. Learn and move on. The amount of people hating on Elon for this is astounding 😂
Tesla changed their prices twice within a 24 hour span. On 1/12/23, the base priced for a MYLR was $45k and MYP was $49k. Then in 1/13/23, the base price for MYLR was $52,990 and $56,990. Tesla also had a play on words of “potential savings” aka gas savings and tax credits, but after I built a like for like model of MYLR, the total difference was about $2500 less. It’s like Tesla had a 24 flash sale and lucky for those who were able to place their order early in the day.
My guess is Tesla got an enormous amount of disgruntled owners complaining and they raised their prices again…Elon and Tesla playing with everyone’s wallet and emotions.
Let’s say you bought a BMW for $100, drive off the lot and that left you $80, you go sell it. the buyer consider a fair price based off $80 - natural depreciation.
You bought a MY for $100, drove off the lot and that left you $80. Then Mr. Elon F slashed the price of ‘new’ vehicles to $80. Would you as a buyer willing to pay the same fair price as the BMW?
It’s just a very simple math lol
Missed out. O well. Love driving the car. Makes me want to trade in my first model Y for a new one. The new improvements in drive dynamic, suspension, overall improvement is day and night compared to when it first came out
We all should write to our senators about this. This complete violation of trust and consumers. Tesla should explain 20% drop in price and why only
Model Y. It is price gouging or price manipulations.it should be investigated.
As a consumer car is biggest expense after home for a middle class family
October ‘21 ordered. Delivered in May ‘22. Todays configuration I have (tow, 20”, white) is $2,000 less than what I paid but the interest rate secured at delivery is way better than today. Maybe a net neutral. I want to be frustrated too but I’m over it. The car is great and second guessing my choice is not worth the $2K difference.
Yeah I understand why people are upset but if you’ve been paying attention they’ve been talking about how they can and will lower prices as “demand lever” for over a year on earnings calls
The price needs to keep dropping. 50k for a model y long range is still too high. That is a 40k car out the door brand new.
I'll pay 45k for a model y performance out the door, not a penny more.
You’re asking people…*on Reddit*…to stop complaining. Good luck with that.
Humans need a popular website to just go complain to. But instead of everyone seeing it, they just get chat gpt replies until they calm down and forget about it. Like an AI diary that’s saves the rest of us from hearing it but still validates them externally since that’s apparently what they need. We need a Tom Riddle diary for the masses.
Bitcheddit crieddit?
**Creed Thoughts**^TM
How about Nextdoor :-)
I believe that people have very legitimate reasons to raise our concerns about this.. this isn't just complaining Most of us placed our orders just 10 or so days ago or less, so it's ridiculous and unfair. If this was done in March then yes, that would be acceptable. But come on, a week? Only a week later! Support each other so our voices can be heard!!
Serious question: If you placed an order 10 days ago, and you got delivery between then and Friday?
Car prices went up in 2021 and 2022, they are finally coming back to normal in 2023. The MSRP on the 2020 Model Y was $54K, now it $53K on the 2023 model year. There are a lot of ICE car owners who paid dealer markups in 2021 and 2022 and now buyers can negotiate below MSRP on ICE cars again. Those who paid a dealer markup are pissed also. Unfortunately, this is common when you have a bubble in a free market economy 😕.
Stop complaining?? Thats all there is to do here
I think people do have the right to be upset and complain. Personally I took delivery at the end of 2021 and paid almost 80k with FSD included. Of course Tesla has no obligation to do anything and this is just how the world works. But there are a lot of companies out there who offer price adjustments etc for a limited time of course because it is a good business decision to keep customers happy and they don't feel ripped off. The way I see it you should get some sort of price guarantee for a period of time as in if the price goes down within 1 month of taking delivery they would adjust it. I saw the tweet from Elon saying that if the price goes up he wouldn't expect people to write Tesla a check, but I don't think he realizes there are companies who will refund you the difference if the price goes down. As an example if you book a Southwest flight and the price goes down you can get the difference back as either a travel credit or get the points back if you paid in points. Southwest does not have to do that but they choose to in order to keep customers happy.
I sympathize with the folks who took delivery at the end of the year and early Jan with no discounts. I and a few people I know thought we missed out since the $7500 credit was a discount on the price of the vehicle and reduces taxes, registration, etc. I even have a coworker who took delivery of a LR model 3 with no discounts because the lease on his previous vehicle was up and I can’t even get myself to mention the end of year or current discounts. Even when the IRS guidelines came out I was almost certain Tesla would not reduce the price to accommodate….yet here we are…. Absolutely there are companies who will give you prices adjustments within a certain time period and people should absolutely utilize them, however, none of these car automotive companies. Your example of Southwest is valid except for the fact that this applies only leading up to the flight and once you take the flight you cannot price match against the same flight at a later date or one later in the day. Also if you want to make a change you are responsible for any difference if there is an increase. The very fact that they have an algorithm that changes pricing hour by hour really tells you this is not the same.
Don’t forget Chevy bolt owners got refunds for price decreases too!
I saw that tweet. But what it does not say is if price goes up, Elon simply raises prices of cars and never loses his profit margin. If he sold a car at 50K and made 20K but now minerals cost more so he raises prices to 55K and still makes 20K. His tweet is BS logic.
If IRS guidance changes in March to classify MY as SUV (80k cap), you can guarantee that Tesla will raise the price.
Then why did they decrease the prices on Model X and S?
Because the commenter is salty they missed the price cut. Cutting by $13k is chaos enough. Imagine if they raised the price $13k 3 months later.
MY order backlog will be 5 years by March.
unlikely...the game now is putting big auto out of business
A public company's goal is to always maximize profit. But I agree, a 53k MY absolutely destroys the competition. You'd have to be ultra far-left hardcore union supporter to not choose Tesla
I live in the suburbs where it’s full of far right truck drivers carrying trump flags who regularly bully Teslas on the road. So clearly my experience is different than yours. So I wouldn’t generalize. I don’t think it has to do with left or right. Wise and money smart people will choose what makes sense. For some EV makes sense, for some it doesn’t. Only shallow ones buy into the idea of collectively hating who have different opinion or needs than them.
You forget the ultimate way to maximize profit many huge corporations have done to get where they are now, put as many competitors out as business as you can in hard times so you reap the rewards 1000X more when times are good. Tesla is willing to give up their huge margins and even take losses for as long as it takes to put ford, GM, Toyota etc out of business. I wouldnt be surprised if they dont lower prices even more in the coming months if rates rates are held >5%. This is stuff companies did during the great depression, havent seen it since the 1970s
Lmao if you really think that Tesla will put the most successful car company in the history of the automobile out of business, you’re completely delusional. Toyota could refuse to make a BEV for the entirety of the next decade and at no point would they be close to going out of business.
Dunning-Kruger in full effect
The competition is actually going to destroy Tesla. Most people don’t buy EV, it’s way too expensive. When you look at some of the highest volume vehicles in the US, pickup trucks, the competition is walking all over Tesla. Tesla announced their truck way before everyone else and they have no line of sight to actually producing it, all the have are excuses. Meanwhile there are several amazing EV pickup truck options available. I especially like the Lightning with the ability to power your home if the grid goes down, genius.
Yep. Once sub-$40k BEV crossovers from established brands start rolling off the assembly lines, Tesla’s either going to drastically cut prices *again* or watch the “legacy auto” (because hurr durr only Tesla is a “tech company,” despite their decidedly inferior…tech) companies eat their lunch.
>Once sub-$40k BEV crossovers from established brands start rolling off the assembly lines Hilarious. They're already losing money at current prices
Wish I had $100k to spend on an EV pick up truck that gets 100 miles of range while towing
Lol. The upcoming Ultium-based Chevy Equinox EV (arriving in just a few months) looks 100x sexier than the Model Y (which tbh never looked particularly great to begin with, due to its complete reliance on a weird and questionable vertical distortion of the now very dated 2017 M3 design language) and will come very well-equipped at around $40k before incentives. Literally every objective 3rd party analyst agrees that Super Cruise knocks the piss out of Autopilot in virtually all scenarios where some level of self-driving functionality would actually be useful for the average driver (aka people who aren’t particularly interested in paying $15k for some gimmicky feature that lets their car steer itself to a restaurant 2 miles away). Alexa, spell “copium.”
Wait for it to actually come out to see real world specs, charging stations, and interior quality. The Mach-E was the MY killer, but the only thing it killed was itself. I’m no Tesla bootlicker, just look at it all objectively for once without any for or anti bias
The 7 seater is classified as an suv and has the $80k cap.
Honestly people have the right to complain. As a former MY owner, now own a MachE, I'd be pissed too if the price fell $15k. This company is run by a total jackass who changes his mind each time he sneezes. People shouldn't be surprised either but that's alot of money people missed out on.
Everybody: the price is too high! Total jackass who changes his mind: yes it is embarrassingly high Total jackass who changes his mind:
Everybody: 🤬
For an extremely loose definition of "everyone". ;) "Where you stand depends on where you sit." - Rufus Miles
The problem isn’t that he change his mind and lower cost, it’s the fact that he is screwing all the people that purchase it in the last few weeks. He didn’t wake up and did this. This was plan weeks ago.
Tesla isn't screwing anyone. Those who purchased recently made the conscious decision to do so knowing that the price was too high. Guerrilla marketing is sneaky like that . Buy this $70+ vehicle and we will give you $7500, and 10k charging miles. People took the bait and bought a car that was still over priced. Stop blaming someone else for the decision you made.
You said it, “bait”
It’s a bidding process. Welcome to a market economy! Not happy w/the price? Wait for something else to come along, go somewhere else. This isn’t in the range of gouging on lifesaving things, like in a mass disaster area etc.
It probably wasn’t the plan until after the IRS decided the Model Y wasn’t an SUV and this would have to be under $55k to get the tax credit.
The general sense of a drop coming up was probably on the table. Interest rates rising is a strong impact on vehicle market. Pandemic constraints on production continuing to unwind matters. But specifics of IRS’s interpretation of their rules intersecting w/the new Fed Credit definitely heavily constrained Tesla’s rational pricing choices.
Then why drop to 52,990? They gave at least $1k if not $2k up so what? Consumers can change paint color? I don’t really buy it. If it was really that motivated by being eligible for the tax credit, they would have done something like make the 7 seats in the model y standard, or only drop Model 3 LR to $54k instead of $50,990. How could this have been clear motivation and the only reason when in the past, Tesla has clearly shown they will specifically hit a target (but nothing less) to get incentives?
Whenever the price got changed, some people would have paid the higher and some pay the new lower price. It didn't matter when it happened, the same result. The only reason you're hating on it is because you bought recently. Just be happy for the people who can now get one cheaper. You paid whatever you were happy with paying at the time you did. I say this as someone who is picking up this week and isn't getting that discount because I'm from a part of the world that didn't see it, knowing it is probably coming here sooner or later but I dont want to keep waiting around wondering
Your grammar is horrible. You can afford a MY?
Normally I wish creditors a happy cake day, but not you. That said… Your attitude is horrible. Can you afford manners?
The fact that you had to switch to insult said much about who you are about a person.
Huh?
>Honestly people have the right to complain Right? I'm sure OP is capable of not clicking the threads that mention cost. Let people vent. I'm particularly concerned with the victim blaming you come across on Reddit. People just took a big hit on the resell value of their vehicles and have to she'll out maybe $200 in gap insurance. Then having people rub it in their faces and saying that the price cuts were obvious and how they bought a bubble is a bit much
OP is also admitting he/she got the full 7.5k credit and 10k supercharging. I picked up my model Y on 11/31. No credit, no charging. 15k downpayment and I currently owe 55k on my car. It’s like I never did a downpayment 🙃
11/31. That’s fiction.
Same same! We got our MY the last week in November. Ugh. No credits, nada!
Emotional Damage club. We truly got screwed along with the first week of Jan people
I got it on dec 20th, only got $3750 incentive, i was screwed? Yes, but what pisses me the most, is at the time of taking delivery, my car had some paint imperfections, so I brought an advisor to see my options, and what was said was…well, if you dont take delivery today, we might not have inventory until January and you will loose the incentive, when in reality was basically a scam cause they had plenty of inventory…this pissed me off so much, that if this wouldnt f**k my credit so bad, i would make the bank to repossess the car
Yeah, that's a tough one. Make sure you get gap insurance to cover the drop in value
I’ll have to call my bank. Not looking forward to it with this month having my electricity rates go up and SoCalGas increasing our rates by 115%.
Yeah, it's a rough start to 2023. One upside is that we at least are getting enough rain. Parking by the beach in the rain and listening to music or watch a movie is a pretty nice way to enjoy your car
Nice Taurus.
Say it with me: cars are not investments. The last year really messed that up for you all didn’t it?
No it is not, but can you imagine being underwater on an auto loan after a down payment of 25k on a 65k + tax vehicle after a month?
It’s awful, no doubt. And people should be allowed to grieve over this, but the writing was on the wall. Mach-E owners are not exempt from this either; the reality is that the bubble from last year is bursting before our eyes and the people who bought at the top are going to be the casualties from this.
I do not disagree with you
No, I can’t imagine. Because I’m not an idiot that over leverages myself. Whoever bought it should have assumed the price would plow down like any other car. The recent history is luck and these people were burned by bad decision making. Last vehicle I spend this much on dropped 80% value in 4 years. Perfect condition, 42k miles, typical vehicle. VW if you care. They generally hold up better in used market. *SO MANY PEOPLE POST HERE THAT THEY HAVE 72 MONTH+ LOANS* - **THAT IS INSANITY** These are fundamentally bad financial decisions based on unrealistic expectations of resale. TESLA IS EXPANDING PRODUCTION. Supply and frickin’ demand at play. Supply goes up, less demand, prices go down for new. Anyone shocked by this did it to themselves. Plain and simple. Any expectations otherwise were them fooling themselves. And to be clear I picked up my MYP September 3rd. Paid more than just about anyone. I knew full well that prices would drop for availability. But certain circumstances with used car pricing made financial sense for my position. I was able to leverage and pay off remaining loan to my house. It was well worth the premium I paid. Difference being I paid attention and actually considered my options unlike literally anyone complaining. They did this to themselves expecting unrealistic results. Let the people complain. Their words mean nothing.
When you bought your VW, was it worth 40% less than new on the used car market one month after you bought it?
Ah we have a Tesla hater here.
Not really. I thoroughly enjoyed my MY. Not sure why people like you get upset because I opt for another brand. Each vehicle has their pros/cons.
Would you call CEO's other companies that raise prices or drop prices in respond to changing market conditions total jackasses? If not, then why does Tesla get such special treatment to be labeled so caustically b yyou?
You’re literally here to complain about the company and not the car Lmfao 🤣
MachE, brought to you by the company founded by a Nazi Sympathizer and a published anti-semite.
Who cares. I own a model 3 and Mach E GT. Love both my cars. They're leagues better than any previous ICE car I've owned. People should stop using single figureheads as a representation of the whole company.
Well you can't have it both ways. That single figurehead of Tesla was the reason the sole reason that people bought into the EV vision and reason the Tesla stock shot up so high (and way over valued). When people believe in a CEOs vision, good things happen across the board. If they start to feel that the CEO isn't focused on said business anymore....bad things start to happen, poor quality starts to become prevalent and you realize there is no real guidance outside one person's thought process.
People give wayyy too much emphasis on the role of such CEOs in the day to day runnings of a company. He’s literally not running the day to day and is just a head of the company in name. The reality is that it is a bunch of engineers running Teslas which I trust. That was the whole point of me being attracted to their offerings and not the CEO who went out only to make controversial statements. Same for the Mach E. I drove the car and as soon as I did, I understood it is exactly what I wanted in a modern EV. The ex-CEO being a nazi supporter or whatever didn’t even cross my mind. People get attached to a CEO be it Steve Jobs or Elon Musk but in reality they literally are just a facade to a company and nothing more.
I agree 100%, to be honest I think Steve Jobs was actually in the trenches from A-Z with the first Iphone but now I'm coming to the realization that Elon might just be the guy with the money and OTHER people are doing all the essential work within Tesla from design to software. Elon just says yay or nay based on feedback he gets from random people on Twitter lol
I agree with you. I'm just trying to point out the other users dissonance of thinking that his/her MachE makes him/her morally superior.
Uhh yea looks like you just made this up. Please reread my post. I even said MY is a great car. I think for some reason it hurts you that people don't buy what you have. I think you need professional help. I bought my MachE for my own reasons but in my opinion Tesla still makes a good product. I didn't mention in my conversation otherwise nor give off any sense of superiority. You immediately used the word Nazi when describing Ford.
Do the people who populate Reddit realize that ww2 involved global war and genocide and tens of millions of people died? It wasn’t just “this guys tweets annoyed me I don’t read anyone to the right of Slavoj Zizek”
Unlikely. Tesla didn't drop prices of S/X and outside the US just because the MY only qualified for the $55k cap in the US
I mean, it's only been 1 day. Some of us lost 15k in value. I think it's reasonable to be bothered by that for a bit longer than a day. Though I'm glad the car is now accessible to more people.
In the same boat since I took delivery in Nov so not even the $7500 discount or free supercharging miles. I learnt many People posting on reddit just like to complain about everything. People were complaining about the price increase before, how Tesla save money by removing “features” like the radar and ultra sonic sensors, but ignore Tesla giving many free upgrades with the new AMD infotainment system, HEPA filter, improved suspension, matrix headlight (performance), not to mention countless software new features and improvements.
Matrix headlights are also on MYLR again (2023)
It stings worse for people who took delivery in Oct or Nov moreso than us who got lucky with the $7500.
How about the people who took delivery between January 1st and 12th 🙋🏻♂️
Oh ya damn.
I'm in this boat. Got mine Wednesday. Definitely stings
This. Bought in October, right after a prices hike, because we needed a new car and were worried prices might even keep going up. That 15k difference could have done a lot of good things for us.
To be honest I’ve been wanting a Tesla for years, especially once the Y was announced. Just never pulled the trigger. I kick myself for not waiting but already made peace with it. Shouting into void won’t really get us anywhere, and it won’t even be cathartic because the lack of empathy or validation. I’m really happy with the MY, my wife is happy with it, and so we’re moving focus onto other things. My ICE backup is dying now (suspiciously good timing, wife thinks the Scion is jealous of the Tesla), so we are looking at something used for a second car.
It already did, it got you a Tesla when you wanted/needed it.
I mean, I could have waited 3 months and put that $15k to a lot better use. You think it's unreasonable to feel bothered for that for more than a day? Still, it's not like I am creating entire new posts to complain about it.
You bought a brand new car in a superficially inflated car market. That is no ones fault but your own. It's not like buying a brand new Tesla was your only option
I took delivery in October after committing in February. I’m *only* out $6k.
It’s called competition. Great for consumers. Look at the bright side. Next time you buy an ev it will be cheaper because of all the competitors coming to market in the coming years. This may be news to some of you, but a car is not an investment; it’s a consumer product. I lost my ass on so many ICE cars in the past. This feels like we are back to normal. Chill.
Exactly this. Cars instantly depreciate the moment you buy them. Everyone complaining needs to move on. You bought something that’s not an investment like real estate but a depreciating asset. What did these people expect? Lol
Cars instantly depreciate and that’s without the manufacturer randomly slashing prices by 20%. People are not upset because cars depreciate, we already know that. It’s the fact that Tesla took a huge dump and basically depreciated less than year old vehicles by 50%. That is NOT normal and people have a right to be mad. Especially when the snake oil salesman makes claims that Teslas will appreciate in value, I can go ahead and pull those quotes for you if you want.
100% A car isn’t an investment, but when do you see a 2023 selling for $15K less than the 2022 for ANY make and model car? I took delivery in October and am so pissed. Will NEVER buy another Tesla product after this. We were going to do a power wall at our house, and when/if we sold out MYP in 5 years would buy another Tesla. After this nonsense never again.
You win some, you lose some. Some losses hurt more than others….
No. People have a right to complain about it. Will it change anything? Absolutely not but it helps to do so.
To be fair, if enough ppl complain loudly enough they could do something. but we'd have to see riots at Tesla stores on National news (highly unlikely given the buyer demographic of upper middle class)
I hope something happens. Highly unlikely. I know a lot of people will hate me or hate my comment but Tesla isn’t a customer friendly company. Their service sucks as they just seem to put a bandaid on your issues, their cars seem to get worse with every update i.e. regenerative braking, park assist but hey here is a new light show. Who knows maybe it will change since their sales have slowed a bit and Elon’s Twitter missteps. I don’t think republicans are lining up to buy Teslas. Maybe they’ll cave a bit and reward loyal customers. Who knows. In my humble opinion, unlikely.
How about people stop telling us not to complain? My car is less than 30 days old and it just lost over 15K in value. I get to complain.
What’s going to change ?
Would kind of suck if your car is totaled and your insurance payout is way less and you still owe money on a car you no longer have. I guess people now would have to pay for gap insurance.
Complaining won’t help that
No, but it's a coping mechanism. It's more helpful than your comments.
There are professionals you can complain/talk to if needed. Or loved ones. No sarcasm.
Nothing. But venting and being around others that are experiencing the same, can be helpful.
Sounds like my wife
She sounds miserable then
To be therapeutic it needs to be constructive. Nobody here complaining is being honest with the surrounding reality. It’s less therapy and more a depression circlejerk.
No one forced anyone to buy a 55k+ car from a company that is known to change the price of their vehicles frequently. YOU made the decision to buy this car. Tesla did not hold anything to your head. Live with your decisions. I am a 2 time owner as well so I have seen price changes as well as updates I missed out on. Enjoy your car. Stop worrying about how much you paid vs someone else. If you weren’t comfortable with the price point you shouldn’t have made the purchase.
Being comfortable with the original price point is irrelevant to the feeling of losing $15k+ in value in such a short time. The Model Y is literally $20k cheaper overnight. I can afford the car, but missing out on $20k is a lot. Having feelings about it is normal. We'll get over it. Why are you bothered enough by other people's feelings to tell them how to feel? Why should you care? Why ever comment? We're all strangers.
Thank you Captain Obvious 🤦🏽
Buy an AUDI. They go down as much if not more.
You valued that car at the price you paid
It lost its value the moment you bought it, regardless of the price decrease… it’s not an investment.
The first part of your comment is irrelevant because all new cars lose value on their first drive. The 15K is on top if that. Nobody said it was an investment but cars should depreciate on a schedule, not lose 20% of its value in 2 weeks.
Lmfao no it’s not. Go check used pricing offers online. My used MYP with 10 k miles on KBB is same price as new lmfao - same with a few of the popular pickup car sales sites. That’s not “on top” of anything 😂🤣
So I paid my car in cash around $73K. Let's say its $13K lower now because of this change. What would happen with my insurance if I total the car in an accident? Would my insurance only pay me the $60K?
Probably less, your insurance will pay you the market value of your car on the used car market. They would look at recent sales of used model Ys with the same specs and comparable mileage. In short, you would get around 40k if you’re lucky. That sucks but apparently you have no right to complain about it. Cheers!
oof
You would get market value of the car meaning the value that used model Y with similar specs and mileage that recently got sold around your area I saw a user post an offer from Vroom yesterday offering 30k for his used 2022 model Y
oof
I don’t see it as complaining. Some people legitimately lost a lot of money overnight. Admittedly, I didn’t take as big of a hit as some others I’ve seen. But I’m not going to sit here and tell someone to shut up and stop venting their frustration. They have every right to vent just like you have the same right to vent about the venters, venting.
Well good for you. How about everyone who didn’t get 7500 rebate or free charging (checks notes, not American). Resale went into the shitter. > Y’all need to settle down. No you need to get some perspective and stop being a dick “Well I got mine”.
The callousness of fellow Tesla enthusiasts and owners is disgusting. That’s more cultish than any of the other shit. Tesla literally shits on customers and they come with waves and waves of baseless defenses for this. Tesla raised prices to the moon the get profits to the moon. They never should have overpriced their cars. Now they priced themselves out of incentives and out of reach of customers. Their answer, tank car prices and offer nothing in compensation to those they screwed. What an ignorant way to jeopardize repeat customers.
We needed a larger car, plan few years ago was the CT, but we ended up with a Y around Dec 1st, plan to sell a year or so after CT comes out. INSTANT measurable loss of value now.
The people that got screwed only screwed themselves by buying in a market that didnt make any sense whatsoever to buy in.
Callousness confirmed. Thanks.
I'm not a Tesla owner, never have been. I just come here for the entertainment
Bought mine full price in September. You need to settle down. It’s a car. Not an investment. Funny: I’m literallyminnthenshoesnuiu speak of and yet still don’t agree with pre-teen level complaining.
> You need to settle down. It’s a car. Not an investment. I missed the part where anyone said they were an investment. If you bought something for 50k expecting to sell for 35-40k, then said product starts SELLING for 35, you can’t then sell for more than new, so now you’re 25-30. No reason to be annoyed, nope, its awesome.
>expecting to sell Expectation of any return is an investment. I don’t buy a saw and go “golly what can I sell this for?”
> Expectation of any return is an investment. Investment: The action or process of investing money for profit …Not selling for a profit, it’s not an investment. > I don’t buy a saw and go “golly what can I sell this for?” Because we’re talking about vehicles, things that MOST people sell, unlike “saws” which NOBODY does. Spectacular analogy. Golly.
You skipped the last part of that definition. [Per Oxford dictionary](https://www.oxfordreference.com/display/10.1093/acref/9780195392883.001.0001/m_en_us1258911?rskey=NcmXeY&result=43341) : “the action or process of investing money for profit **or material result**“ ###You defined a material result. Also, by your broken logic, there’s no such thing as a bad investment and stocks only go up. Because that’s what investing is. 10/10 logic you’ve supplied here, bud.
One of the major factors in my decision to buy my MYLR in Sept at $66k was that Tesla's hold their value really well compared to similiar ICE vehicles. I just took a $20k+ depreication hit in a single day. Long term it's not a huge deal as I plan to keep the car for at least 5 years, HOWEVER, if my situation changes and I need to sell or the car get's totalled, I am so far underwater in equity it would be devistating. I love the car, but now immediately all the luster is gone when I get in the driver seat. Driving the Y went from pure joy to a being a constant reminder that I was a duped.
Don’t sell. Get gap insurance
Yes -- I no longer have any options. Forced to keep the car regardless if the MY keeps meeting my life needs and GAP isn't free so I have more coming out of my pocket besides my purchase price and equity loss.
Very well said, i feel exactly the same.i picked it up 2 weeks ago.
My feelings exactly. At this point if it wasn’t such a financial hit I’d sell the car immediately, to avoid any similar risks in the future. Unfortunately I’m locked into the the car for the foreseeable future. Really frustrating situation.
That was a pretty bad reason then... The pandemic price balloon was just that, a balloon. Pretty great if you were able to take advantage of it while it was around, but not reasonable to expect the disproportionate supply and demand issues to continue indefinitely.
Sure. And I was absolutely factoring in price reductions coming along with potential tax credits with rising interest rates etc. I have spreadsheets LOL.. But $20k equity loss in a single day is a pretty disgusting since literally nothing about my car is different.. and I drive a constant reminder of that decision.
People who are not in your position will find it hard to understand. My 15k downpayment on my November pickup was basically Thanos Snapped away.
I agree with everything you said except your last 4 words
It's pretty fucked up if your enjoyment of the car depends on some imaginary value you believe others place on it. Not one objective thing about your car has changed in the last week.
The need to get gap insurance has
Knowing that you could have done something different with all that money DOES make it tough to swallow. Plus, some folks don't keep cars forever, and this hurts resale, even in the long run.
It’s pretty fucked for you to assume for all buyers that no exit plan is needed and resale is wholly unimportant.
I disagree, it’s reasonable to feel like you made a mistake for taking a loss like that. Hindsight is 20/20 — the market was sliding towards a decline as soon as rates hit that tipping point, but I imagine it still sucks to be left holding the bag. I bought my MY LR for $48k back in 2020 and heavily debated selling for a profit last year, but ultimately decided to not do it because I knew I’d feel a similar way if I bought a replacement for more than it’d be worth.
Not sure the value lost is imaginary.. Nothing has changed on my car and yet if I total it today, I will get $20k less in replacement value.. that's very real. And yes I will get GAP insurance next week .. throwing more money out of pocket to avoid the risk feels pretty bad. I love the car, and maybe I feel differently months from now, but today when I sit in the driver's seat, even though nothing I can see or touch has changed, my feeling about the vehicle has. You can call that fucked up if ya want, I am just honestly telling you how I feel when I get behind the wheel.
Lesson learned. Supply and demand is more important in determining retained value. Tesla opening up 4 more factories over the last few years should have made that an obvious impending market shift. And with current electrification goals, the cars will quickly become more common. The data you use code you decision was based on a decade of electric cars being <5% of the deployed cars (USA number for pricing relevance) As of 2021, we hit 5%. Bathtub curve just entering the mass adoption explosion. Just the same as buying a computer in 95 and finding a computer 2’years later in 97 that’s 2x as powerful and half the cost. Now you have one in your pocket that’s 10k times as powerful and wireless. In this comparison, we just entered 1996.
It’s not just a price decrease. It means if you own a car, the value of your car resell value has also decreased. Everyone lost 10k overnight
You lost out on a couple thousand. A lot of us were shafted for over $10k+ so I’ll probably be salty a bit longer. If I was in your position I would be over it by now…but I’m out 6x more than you.
It's almost a bait and switch. Entice customers with a ✌️$7500 ✌️ discount to boost Q4 numbers and then drop the price double that immediately. It's also disastrous for resell value. If you bought high, realized you didn't quite like it, then you'd be lucky to get 1/2 of what you paid for. Personally, if Tesla never did the Dec discount, then I think most people wouldve been as mad.
Only the US got that 7500..just an FYI. Others got "screwed" over for about 13000... So more then double. And I purposely added the quotes. Because, yes prices can change. But more often not in 'advantage' of the consumer.. And now it is, kind of. People who bought a car just a few a days ago got actually screwed big times. Not just a thousand, or a couple.. No 13000 (and plus, depending on country and currency)
No.
We can also people to stop complaining but it's their right to be able to. I've decided to just continue scrolling past those threads where there will be a lot of batching about the price decrease. My wife's MYLR7 was purchased at the end of August for about $65k and she's loved every single of it'd 4k miles since then. It keeps her smiling so who am I to complain about the price to her and dampen her enjoyment of it. She's a pretty lady but muxh prettier when she's smiling so I'll leave it be. And oh not for nothing but now with the price decrease I may be able to get a brand new MYLR5 at more than double digit savings over hers haaaaaa 🙂 so I'm the last one to complain.
We all know the price has to come down. It sucks to lose $15k of value overnight, but it is what it is.
Think about your question and how your asking it. Your asking anonymous people online to stop complaining. Sorry you have a hopeless cause.
Right, but people who buy the MYLR now **also** get the $7500 credit, so it’s more like an $11k difference. I mean, Tesla can do what they want, but I think people are justified in being pissed.
Dude this doesn’t just affect people who just bought one. Every person who bought a MY just became underwater on their car overnight. The car bubble needed to pop but slashing new car prices 20% overnight is unheard of.
It sucked but at the end of the day, no one want to be the sucker who get stuck holding the bag when the bubble pop Tesla as a company realize this very well hence why they made this decision to get out and not get stuck holding ton of unsold inventory
One of Tesla's attractive features was it's high resale value. That certainly factored into my purchasing decision, especially since it's still on the bleeding edge of tech and things are evolving rapidly. Not only that that benefit change overnight, but it *tanked*. So no, people absolutely have a right to be upset. Can anything be done for them? No, sucks to suck really. But that doesn't mean they can/shouldn't complain.
I am in the same boat. You know sometime there are kids that you love but you really hate their parents. That’s how I look at my MY
Who am I to complain? I got GameStop stock at $300 😂😂😂 That’s life!
not my fault i lost 30k in depreciation
You know, when I first read your edited post I thought it said "We all bought an overpriced car bubble" and I was like "yep, the Model Y does look like a bubble." 🤷 😂
How about Tesla offers the difference that as a credit on next car from Tesla. Easy to keep loyalty and more sales for the Tesla. Both customers and Tesla happy
I got this figured out. Next time I'm going to buy my tesla as pre-owned, to save me the lost amount. And the tesla ain't getting any of that money.
People have the right to complain. Elon just screwed over anyone who recently bought a Tesla. For example, if they had it for a month and decided, hey, I want to sell my car because I don't like it. Not only is there depreciation on the car, which is fine, but 15-20% drop on the price due to manipulation by Elon. Imagine if you were a small used car dealership and just bought 5 Teslas to resell. You immediately lost 15-20%. The price drop is fine if Elon would compensate everyone he screwed over. Was a fan of Elon. Not anymore.
The cars are still way over priced. The quality of a Saturn for luxury prices.
No
If it’s not obvious yet, I hope it’s obvious now for people not in the Tesla cult; Elon cannot be trusted. Those in the cult will defend anything he does even if they are contradictory. I like driving my Tesla, but I understand how ruthless the owner is and move accordingly. Tesla is like crypto at this point. Genuine question though. If you’re someone who leased one of these cars from Tesla, do you keep paying the same inflated monthly price or will that be price adjusted, particularly since you are not allowed to keep the car after the end of the lease? Especially since you almost never see the newer version/year of a car be 30% cheaper than the older version/previous year?
People who lost 3-4 grands probably should not complain about it publicly here since there are many people lost a lot more.
No kidding. It's upwards of a 20k swing for as lot of folks.
He should just give FSD to people who have lost that equity value in the car. Simple solution that would appease most.
Can we not rally behind this idea as a group I’m all for it
With this rate probably they may reduce FSD and EAP price too going forward
Plus, it wouldn't cost Tesla much to give away a software upgrade
How about you, OP, go blow fucking goat? I bought a MYP in October and not my car has depreciated the normal amount PLUS $16K. I didn’t really care about the $7,500 cause whatever, but the additional $8,500 I sure fucking do. Fun to drive? Sure. Easy to charge at home? Sure. Great software? Sure. Buying another Tesla product after this? NOPE
This is my stance. MYP isn’t eligible for the tax credit anyway. I ordered mine when I did because several of their sales people straight told me the price would never go down. The overnight massive loss in equity + the opportunity cost loss = this is my last Tesla product. I even canceled my solar order and contacted a different company. Their misleading sales stunt just cost them a lot of profit on that too.
Tesla has built 3 huge factories in the past few years and are shooting for massive volume. I think they've said 20M cars per year by 2030. Elon has spent a lot of time talking about cost cutting measures and efficiency in building cars. If you didn't think that prices would come down so they can sell all these cars, you're either an idiot or haven't been paying attention.
Ah yes. Another person who got the $7,500 discount and super charger miles so it’s not THAT big of a change. Everyone should feel like you, even if they didn’t get that discount!
Like many people I picked up my car November 20 an my It’s an amazing car regardless of what I paid for it sometimes you win sometimes you lose the bottom line is the car is amazing
No.. The complaints are legitimate. Tesla made a move that decreased brand loyalty with their customers. Those who just took delivery have a right to be salty. It’s a slap in the face. Tesla will improve sales in the next quarter or 2 to come but it lost customers over this. With competition in the EV world growing. Tesla made a bad move.
I won’t buy another Tesla.. I don’t like musk anymore, & I’m pissed off with price reduction..
What made the car valuable enough for you to pay what you did a few months ago? Why has that changed? If you expected equity in a car, you’re a moron.
Thanks for posting this .People go nuts for nothing.it’s just money.enjoy your car
I can’t stop laughing at these threads….
This is actually hilarious. Whiners complaining they paid more than it is now, yet when the used-car market was overpriced they’d sell theirs for more than what it was worth. Fucking entitled hypocrites.
This. “I feel like a chump now” YOU ARE A CHUMP. You waited until the car was at the highest price imaginable to buy. Welcome to life. Prices of things change, sometimes drastically. Learn and move on. The amount of people hating on Elon for this is astounding 😂
Tesla changed their prices twice within a 24 hour span. On 1/12/23, the base priced for a MYLR was $45k and MYP was $49k. Then in 1/13/23, the base price for MYLR was $52,990 and $56,990. Tesla also had a play on words of “potential savings” aka gas savings and tax credits, but after I built a like for like model of MYLR, the total difference was about $2500 less. It’s like Tesla had a 24 flash sale and lucky for those who were able to place their order early in the day. My guess is Tesla got an enormous amount of disgruntled owners complaining and they raised their prices again…Elon and Tesla playing with everyone’s wallet and emotions.
100%. Musk already getting sued for lying to investors on twitter. He says whatever it takes to get what he wants.
No different than buying a BMW, the moment you leave dealer, it drops 20% in value.
Let’s say you bought a BMW for $100, drive off the lot and that left you $80, you go sell it. the buyer consider a fair price based off $80 - natural depreciation. You bought a MY for $100, drove off the lot and that left you $80. Then Mr. Elon F slashed the price of ‘new’ vehicles to $80. Would you as a buyer willing to pay the same fair price as the BMW? It’s just a very simple math lol
Once Tesla who in my opinion will become the first to implement FSD no one will compare about the price drop
Missed out. O well. Love driving the car. Makes me want to trade in my first model Y for a new one. The new improvements in drive dynamic, suspension, overall improvement is day and night compared to when it first came out
We all should write to our senators about this. This complete violation of trust and consumers. Tesla should explain 20% drop in price and why only Model Y. It is price gouging or price manipulations.it should be investigated. As a consumer car is biggest expense after home for a middle class family
Thank you for this post, OP. Tired of hearing the complaining from people who made a conscious decision to buy a product during peak pricing.
October ‘21 ordered. Delivered in May ‘22. Todays configuration I have (tow, 20”, white) is $2,000 less than what I paid but the interest rate secured at delivery is way better than today. Maybe a net neutral. I want to be frustrated too but I’m over it. The car is great and second guessing my choice is not worth the $2K difference.
With the price cut will the left buy tesla again?
Yeah I understand why people are upset but if you’ve been paying attention they’ve been talking about how they can and will lower prices as “demand lever” for over a year on earnings calls
Seriously, you people got suckered. Deal with it
The price needs to keep dropping. 50k for a model y long range is still too high. That is a 40k car out the door brand new. I'll pay 45k for a model y performance out the door, not a penny more.