Makes sense. Model Y is picking up steam. I doubt they are selling 100% production of the other models (Y is eating a bit into sales of all 3). S and X are both in need of a refresh, they have worse battery tech than both the 3 and Y and missing some of the cool Y features (heat pump, octovalve).<p>Current wait is 8-12 weeks on a Y, and only a week or two on the rest.<p>In line for my first Tesla (a y). It has been a very different car buying experience!!
Tesla is going to get a huge amount of free publicity today. First from the SpaceX manned launch today who are going to be driven to the pad in a Model X and then later this evening from Jay Leno's Cybertruck test drive episode.
In Europe the based model 3 is still €47k. So about $50k. And that's the starting price :(<p>That's an almost 33% higher price than the US version.
Much more information here.<p><a href="https://www.reuters.com/article/us-tesla-prices/tesla-cuts-prices-by-as-much-as-6-in-north-america-to-boost-demand-idUSKBN2330DP?feedType=RSS&feedName=technologyNews" rel="nofollow">https://www.reuters.com/article/us-tesla-prices/tesla-cuts-p...</a><p>Can we update the url?
This has always been their stated plan, to pass on cost savings to customers as they get more efficient and profitable. They did some similar cuts last year. Nice to see it continuing.
It seems pretty obvious that the previous prices were inflated to capture the federal and other subsidies. It's clear those aren't coming back, so they are adjusting to the actual market forces.
Besides the economic slowdown I suspect some of this is also the Model Y is eating into sales of the other 3 and this price adjustment is mostly to differentiate them a bit more.
People keep talking about batteries getting cheaper, how likely is it that this largely reflects changes in the cost to Tesla to produce these vehicles? On the flip side how likely is it that this is cutting substantially into Tesla's profit margin?