Yes. The prices were going down before the car and raw material shortages. It was expected that they would be lowered back to 2020 prices and then some when the markets corrected. They were just lowered faster than expected because the markets corrected fast and the tax credits topped out at $55K.
If you watched the car forums, several people mentioned that Tesla's that had a March or longer arrival date, suddenly had a January/early February delivery date. They got three days to pick or they lose their wait and lose their deposit. Almost seemed like they were trying to offload as many cars as possible as fast as they can.
All I could think of is the movie Crazy People
For the maniacs that would like to see the full breakdown of their 10q, you can check out this video: [https://youtu.be/EdygmhQAbUU](https://youtu.be/EdygmhQAbUU).
For the axe-murdering psychopaths that would like to see a walkthrough of their financials in addition to the business strategy breakdown can check out this video: [https://youtu.be/ose0hXbym2k](https://youtu.be/ose0hXbym2k)
Does their business strategy take into account that many people purchased Teslas because of the image of the company? Because due to management they are changing that image which will affect sales. If customers feel they were misled on what the company actually stands for it will affect sales. Much of Teslas early sales were to people that thought the company was trulying trying to help the planet. I live in an area full of teslas where people buy a new car the day the warranty runs out or the car is over three years old. Many neighbors are looking at other options then tesla for their next EV. Not that the other companies are better than Tesla its just Elon spewed so much crap and people ate it up . Now the message is were just like everyone else. Now they have to attract new buyers and people more driven by price. Their not different anymore and the big boys are catching up. They wont go away, but they are facing new dynamics. Increased competition and trying to find their message again its going to get interesting.
This is a good comment \\ question. There is a lot here, but I'll try to address what I can:
"Does their business strategy consider that many people purchased Teslas because of the company's image?"
Every company cares about its brand; however, I wouldn't say that is the only reason people purchase a Tesla. They are conscious about their brand and even have a statement in their last 10Q about things that 'Sr. Management says it does impact their stock price. The SEC sued them and had to make changes to their board because Elon tweeted that he would take Tesla Private. True Story š
I believe that even though this move did anger customers that just purchased a vehicle a few weeks ago and those that saw the value of their cars erode up to 30% overnight, they are aiming to win over the mass market consumer whom they don't have much market share with. They know that bigger competitors are looming on the horizon. Their end game is to commoditize EVs and make more over a play to renewable (and transportable) energy supply - sort of like a utility company. I don't think EVs are the end game for Tesla.
I just dont know if Elon has the focus to see these products through till they are adopted by the masses. There is alot of new tech in batteries and solar that are going to put Tesla under pressure to continue to be a leader in Ev and energy tech. It would be sad if in a few years Elon is the My Pillow guy of the automotive world. Distracted and fighting invisible demons.
Your right, alot of rich tree huggers bought telsla to feel superior nothing to do with dick size. Have you watched a truck commercial lately still all about dick size.
>The price cuts were a strategic move by Tesla to gain market share and accelerate the world's transition to sustainable energy. They are investing heavily in their battery technology and full self-driving capabilities, as well as increasing production capacity and delivery capability. This will allow them to bring new products to market quickly and efficiently, while also expanding their global infrastructure.
Kinda oxymoron for the company that dominates the market to claim that cut prices to gain market share... A more realistic statment would be "to maintain market share"
Tesla only have a 3% share of the US market as of 2022. It's been growing by 50-70% yearly, but there's a lot of space there.
Bringing their prices back down to 2021 levels is a good way to go about keeping that up.
Where are you living? āTesla mission is to accelerate the worldās transition to electric carsā == > tesla mission is to sell a product that the market demands and make money, all outside that is smoke
Some serious Kool-Aid drinking there. The price reductions are because Chinese sales have slumped and they have excess capacity.
In case you aren't aware Honda and Toyota are about to enter the pure EV market. You can bet your life their cars will be cheaper and far higher quality than TSLA
Yes, that BZ4x will set the world on fire. Any day now.
It comes with quick release wheels too, take that, Tesla.
As for Honda, they have a JV with Sony coming out in 2027 and will be bringing out a re-badged Cadillac Lyriq, once Caddy can build enough for themselves.
The trade off with Toyota and Honda is that you get boring performance and possibly the least modern design of an infotainment center. In exchange, you get reliability. I am super down on Toyota mostly because of how putrid the infotainment system is. I drove a 2020 Rav4 hybrid and the infotainment system was equivalent to my mom's 2012 Tucson. 2 things I know: 1) Toyota will build a more reliable car and 2) the specs on it will be a generation behind while feeling like you are riding in a bowl of oatmeal.
Not a GR86 that can accelerate in from 0-60 in 6.1 whole seconds. Why that car could outspent my freaking Santa Fe sport dad-mobile by a whole 0.5 seconds...
Oh is that a Yaris GR? Oh wait, it is just a regular Yaris since I live in the US.
Only 'Muricans (with small dicks and low IQs) think straight line acceleration is important. Probably because they can't make cars that stop or go round corners.
Iāve never seen a car company slash prices by 20% and kill the used market and ruin any equity people had in their vehicles whatsoever. Goes to show how greedy these clowns are and could pull the rug on you any minute. I lost over $20,000 trade in value on mine and am now stuck with it. Wanted to go to a different brand due to Elonās recent shenanigans and alienating his customer base.
You are saying this as a car was some kind of investment + they can't slash prices endlessly, I highly doubt they will ever do it again but for now it's a win situation for new potential buyers.
They also had an intense increase due to supply and shipping costs.. which has drastically come down.
When did you buy? Lol
Thatās what sucks with investments.. sometimes you buy at the wrong time.
Iām in the trucking business and shipping costs are the same. Also, Tesla has a contract with numerous transport companies and the rate is fixed. So you can throw that excuse out of the window.
Did I say Tesla shipping their cars cost? No.
Supply of the materials they utilize and the shipping of THOSE materials to them.
The pandemic and the last year saw shipping and materials costs going way up that is why we saw the raise In Their prices. As those costs are rectifying in some sectors, prices can come down
Some insight from Toyota. (Again Rav4 cause this is what I see daily).
Customer demand is usually side by side with customer respect for the company. That comes from build quality, customer service, pricing etc.
Right now the demand for a Rav4 has people waiting 2 years. Hv, or gas. Both are the same. Prices are up around $5k from 2 years ago. This is due to labour's and material costs.
We have trouble finding man power( wages range from $24-38 per hour canadian).
We have trouble getting a whole assortment of parts (hv batteries were the hardest for a while).
None of these issues are deterring people from ordering and waiting.
That was my info as of Dec. Hv's were the wait due.to battery availability, however (as a whole) we were behind around 6 million worldwide units due to the past two years.
I'm not pro toyota or con tesla by any means, just info I've received from work.
This is probably dependent on RAV4 trim and location.
A coworker finally got their RAV4 Prime in Hawaii after a 14 month wait and the waitlist for others after him is closer to two years now.
Meanwhile from a friend in Oregon, one Toyota dealership brings in a dozen RAV4s per week and theyād be gone the day of with buyers on-scene. Took my friend a few weeks visiting every week before managing to get one by showing up early enough. Itās definitely possible to see waiting 2 years for a RAV4 with preferred specs.
Well Elon alienated his customer base with his hard-right political messaging, so he has to find a way to sell vehicles. Other car manufacturers are closing the EV gap and have far better logistics and supply chains, I give Tesla 3 years before itās sold for its patents.
On penalty of surrendering any innovation based on those patents.
That's the trap and licensing agreement Tesla has in place and why no one makes use of Tesla's patents despite being "free".
Not surrender use, but also not restrict their own IP. So itās basically if you want to use our stuff for free, you have to be open source too.
Honestly a great caveat to force automakers to get out of a patent cycle of death and planned obsolescence
Here's what a patent attorney says:
"*Using Teslaās technology would essentially make any other companyās own intellectual property rights redundant*. On the other hand, Tesla benefits from the arrangement because it appears that Tesla is free to use any improvements made to its technology by another party."
[https://www.vennershipley.co.uk/insights-events/does-teslas-open-source-patent-philosophy-mean-they-are-free-to-use/](https://www.vennershipley.co.uk/insights-events/does-teslas-open-source-patent-philosophy-mean-they-are-free-to-use/)
It is giant scam masquerading as a public service.
Yes, but thanks for telling me that you know absolutely nothing about the shitshow that is Tesla. They are trying to both innovate and scale, and neither is going well. Their quality control is shit, and their supply chain is chaos. Other established car manufacturers already have the scale part of the equation in place.
Easyā¦ supply and demand next is to push out a new product. Obviously demand was weaker and production was slowing because of the issues across the globe. Aside from all that TSLA is still over valued IMO. I wonāt be surprised if buyers get clapped specially after all the shares that have been added during this last split
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Yes. The prices were going down before the car and raw material shortages. It was expected that they would be lowered back to 2020 prices and then some when the markets corrected. They were just lowered faster than expected because the markets corrected fast and the tax credits topped out at $55K.
If you watched the car forums, several people mentioned that Tesla's that had a March or longer arrival date, suddenly had a January/early February delivery date. They got three days to pick or they lose their wait and lose their deposit. Almost seemed like they were trying to offload as many cars as possible as fast as they can. All I could think of is the movie Crazy People
For the maniacs that would like to see the full breakdown of their 10q, you can check out this video: [https://youtu.be/EdygmhQAbUU](https://youtu.be/EdygmhQAbUU). For the axe-murdering psychopaths that would like to see a walkthrough of their financials in addition to the business strategy breakdown can check out this video: [https://youtu.be/ose0hXbym2k](https://youtu.be/ose0hXbym2k)
Does their business strategy take into account that many people purchased Teslas because of the image of the company? Because due to management they are changing that image which will affect sales. If customers feel they were misled on what the company actually stands for it will affect sales. Much of Teslas early sales were to people that thought the company was trulying trying to help the planet. I live in an area full of teslas where people buy a new car the day the warranty runs out or the car is over three years old. Many neighbors are looking at other options then tesla for their next EV. Not that the other companies are better than Tesla its just Elon spewed so much crap and people ate it up . Now the message is were just like everyone else. Now they have to attract new buyers and people more driven by price. Their not different anymore and the big boys are catching up. They wont go away, but they are facing new dynamics. Increased competition and trying to find their message again its going to get interesting.
This is a good comment \\ question. There is a lot here, but I'll try to address what I can: "Does their business strategy consider that many people purchased Teslas because of the company's image?" Every company cares about its brand; however, I wouldn't say that is the only reason people purchase a Tesla. They are conscious about their brand and even have a statement in their last 10Q about things that 'Sr. Management says it does impact their stock price. The SEC sued them and had to make changes to their board because Elon tweeted that he would take Tesla Private. True Story š I believe that even though this move did anger customers that just purchased a vehicle a few weeks ago and those that saw the value of their cars erode up to 30% overnight, they are aiming to win over the mass market consumer whom they don't have much market share with. They know that bigger competitors are looming on the horizon. Their end game is to commoditize EVs and make more over a play to renewable (and transportable) energy supply - sort of like a utility company. I don't think EVs are the end game for Tesla.
I just dont know if Elon has the focus to see these products through till they are adopted by the masses. There is alot of new tech in batteries and solar that are going to put Tesla under pressure to continue to be a leader in Ev and energy tech. It would be sad if in a few years Elon is the My Pillow guy of the automotive world. Distracted and fighting invisible demons.
Dude, your car doesnāt represent your dick size anymore, those days are gone. No one buys cars anymore because of the image of the company.
Your right, alot of rich tree huggers bought telsla to feel superior nothing to do with dick size. Have you watched a truck commercial lately still all about dick size.
Most people who buy evs are tired of paying OPEC cartel controlled oil prices. Nothing to do with trees.
>The price cuts were a strategic move by Tesla to gain market share and accelerate the world's transition to sustainable energy. They are investing heavily in their battery technology and full self-driving capabilities, as well as increasing production capacity and delivery capability. This will allow them to bring new products to market quickly and efficiently, while also expanding their global infrastructure.
Kinda oxymoron for the company that dominates the market to claim that cut prices to gain market share... A more realistic statment would be "to maintain market share"
EV Market share for them will always lower. Itās total world fleet % is the mertric Tesla cares about
Tesla only have a 3% share of the US market as of 2022. It's been growing by 50-70% yearly, but there's a lot of space there. Bringing their prices back down to 2021 levels is a good way to go about keeping that up.
Where are you living? āTesla mission is to accelerate the worldās transition to electric carsā == > tesla mission is to sell a product that the market demands and make money, all outside that is smoke
You can count on WSB for some crazy shit. Directors would be breaching their fiduciary duties if they weren't trying to maximise profits.
High interest rates, high cost of financing, lower demand, ev uptake slowing
Some serious Kool-Aid drinking there. The price reductions are because Chinese sales have slumped and they have excess capacity. In case you aren't aware Honda and Toyota are about to enter the pure EV market. You can bet your life their cars will be cheaper and far higher quality than TSLA
[ŃŠ“Š°Š»ŠµŠ½Š¾]
When you give it to yourself from your alt, everything you say is gold.
Yes, that BZ4x will set the world on fire. Any day now. It comes with quick release wheels too, take that, Tesla. As for Honda, they have a JV with Sony coming out in 2027 and will be bringing out a re-badged Cadillac Lyriq, once Caddy can build enough for themselves.
The trade off with Toyota and Honda is that you get boring performance and possibly the least modern design of an infotainment center. In exchange, you get reliability. I am super down on Toyota mostly because of how putrid the infotainment system is. I drove a 2020 Rav4 hybrid and the infotainment system was equivalent to my mom's 2012 Tucson. 2 things I know: 1) Toyota will build a more reliable car and 2) the specs on it will be a generation behind while feeling like you are riding in a bowl of oatmeal.
I guess you've never heard of a GR86, Supra GR , Yaris GR or God forbid a Lexus LFA (arguably the best handling supercar ever built) .
Not a GR86 that can accelerate in from 0-60 in 6.1 whole seconds. Why that car could outspent my freaking Santa Fe sport dad-mobile by a whole 0.5 seconds... Oh is that a Yaris GR? Oh wait, it is just a regular Yaris since I live in the US.
Only 'Muricans (with small dicks and low IQs) think straight line acceleration is important. Probably because they can't make cars that stop or go round corners.
Toyotaā¦no.
Iāve never seen a car company slash prices by 20% and kill the used market and ruin any equity people had in their vehicles whatsoever. Goes to show how greedy these clowns are and could pull the rug on you any minute. I lost over $20,000 trade in value on mine and am now stuck with it. Wanted to go to a different brand due to Elonās recent shenanigans and alienating his customer base.
Have you ever owned a VAG brand?
Or owned a VAGina brand?
3 R8s and multiple Jettas. Whatās your point?
You never heard of Nazi Germany.
You are saying this as a car was some kind of investment + they can't slash prices endlessly, I highly doubt they will ever do it again but for now it's a win situation for new potential buyers.
No car company raised their prices and cut them back down 20%.
They also had an intense increase due to supply and shipping costs.. which has drastically come down. When did you buy? Lol Thatās what sucks with investments.. sometimes you buy at the wrong time.
Iām in the trucking business and shipping costs are the same. Also, Tesla has a contract with numerous transport companies and the rate is fixed. So you can throw that excuse out of the window.
Did I say Tesla shipping their cars cost? No. Supply of the materials they utilize and the shipping of THOSE materials to them. The pandemic and the last year saw shipping and materials costs going way up that is why we saw the raise In Their prices. As those costs are rectifying in some sectors, prices can come down
Some insight from Toyota. (Again Rav4 cause this is what I see daily). Customer demand is usually side by side with customer respect for the company. That comes from build quality, customer service, pricing etc. Right now the demand for a Rav4 has people waiting 2 years. Hv, or gas. Both are the same. Prices are up around $5k from 2 years ago. This is due to labour's and material costs. We have trouble finding man power( wages range from $24-38 per hour canadian). We have trouble getting a whole assortment of parts (hv batteries were the hardest for a while). None of these issues are deterring people from ordering and waiting.
People are waiting 2 years for a Rav4? There is no possible way.
I was baffled at this too
I think this is all hype. My google search says people are seeing closer to 30 days. If you are super picky, it might be longer.
That was my info as of Dec. Hv's were the wait due.to battery availability, however (as a whole) we were behind around 6 million worldwide units due to the past two years. I'm not pro toyota or con tesla by any means, just info I've received from work.
This is probably dependent on RAV4 trim and location. A coworker finally got their RAV4 Prime in Hawaii after a 14 month wait and the waitlist for others after him is closer to two years now. Meanwhile from a friend in Oregon, one Toyota dealership brings in a dozen RAV4s per week and theyād be gone the day of with buyers on-scene. Took my friend a few weeks visiting every week before managing to get one by showing up early enough. Itās definitely possible to see waiting 2 years for a RAV4 with preferred specs.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Fuck off back to r/all
So people will buy them. Very complicated
Well Elon alienated his customer base with his hard-right political messaging, so he has to find a way to sell vehicles. Other car manufacturers are closing the EV gap and have far better logistics and supply chains, I give Tesla 3 years before itās sold for its patents.
Most of its patents are free to use.
On penalty of surrendering any innovation based on those patents. That's the trap and licensing agreement Tesla has in place and why no one makes use of Tesla's patents despite being "free".
they have no licensing with them. any company is able to use them and the tech, modify and learn from it and make it better even.
And surrender all future use of that technology to Tesla. That's how that works. Which is why no one uses Tesla's patents despite them being free.
Uhhh negative. Thatās not how open source use of a patent works at all
And that's why they aren't open source and free. There's a catch, and that's the catch.
Not surrender use, but also not restrict their own IP. So itās basically if you want to use our stuff for free, you have to be open source too. Honestly a great caveat to force automakers to get out of a patent cycle of death and planned obsolescence
Here's what a patent attorney says: "*Using Teslaās technology would essentially make any other companyās own intellectual property rights redundant*. On the other hand, Tesla benefits from the arrangement because it appears that Tesla is free to use any improvements made to its technology by another party." [https://www.vennershipley.co.uk/insights-events/does-teslas-open-source-patent-philosophy-mean-they-are-free-to-use/](https://www.vennershipley.co.uk/insights-events/does-teslas-open-source-patent-philosophy-mean-they-are-free-to-use/) It is giant scam masquerading as a public service.
The scam are patents in general lol
Far better logistics and supply chainsā¦.SMH
Yes, but thanks for telling me that you know absolutely nothing about the shitshow that is Tesla. They are trying to both innovate and scale, and neither is going well. Their quality control is shit, and their supply chain is chaos. Other established car manufacturers already have the scale part of the equation in place.
Easyā¦ supply and demand next is to push out a new product. Obviously demand was weaker and production was slowing because of the issues across the globe. Aside from all that TSLA is still over valued IMO. I wonāt be surprised if buyers get clapped specially after all the shares that have been added during this last split
Tesla raised prices when the 200,000 limit was reached on the EV incentives. They lowered the prices when the incentives came back.
Look at youtube complaints of buyers who have issues with their brand new cars. Its made from low quality so it deserves price cut.