BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

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Thread: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

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    BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Inside EVS
    April 17, 2017

    Previously priced from $77,000, last night (concurrent with the already-announced cancellation of the 60 kWh version of the Model S) Tesla slashed pricing for the 75-kWh Model S by some $7,500.

    The Model S 75 is now the cheapest Tesla offered.

    Tesla’s pricing on the 75 Model S has changed several times since its introduction some 10 months ago. Originally, it was priced from $74,500, but tweaks to equipment, etc. resulted in some slight price changes from time to time.

    In addition to the price drop overnight, Tesla shook up the equipment list quite a bit. The all-glass roof is now standard, as is the rear powered liftgate. Deletions include the previously-optional smart air suspension and optional 72-amp charger.

    Additionally, battery upgrades to 75 kWh for the 60-kWh Model S and 70-kWh Model S are priced from only $2,00 and $500, respectively.

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Wow. What's going on here? They had a great first quarter, and follow it up with a price cut?

    Must be the Model 3 effect in action here...but I would assume the first 100,000 or so Model 3 units will be produced for sale at or near $50,000.

    So you can now pickup a (really) value oriented (sorry to use that term with a $70,000 vehicle) for thousands less than last quarter, and apply for and still receive up to $7,500 in federal tax credits - something most Model 3 owners will find not available.

    This is a very interesting move, can not wait to hear the official reason(s).


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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Quote Originally Posted by Perian View Post
    Wow. What's going on here? They had a great first quarter, and follow it up with a price cut?

    Must be the Model 3 effect in action here...but I would assume the first 100,000 or so Model 3 units will be produced for sale at or near $50,000.

    So you can now pickup a (really) value oriented (sorry to use that term with a $70,000 vehicle) for thousands less than last quarter, and apply for and still receive up to $7,500 in federal tax credits - something most Model 3 owners will find not available.

    This is a very interesting move, can not wait to hear the official reason(s).


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    It's a going out of business sale.

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Losing their lust-re?

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Quote Originally Posted by Perian View Post
    So you can now pickup a (really) value oriented (sorry to use that term with a $70,000 vehicle) for thousands less than last quarter
    Not really. If someone wanted a value-oriented Model S, the new base model S 75 is $1500 more expensive than the S 60 base was last quarter. And the 75 doesn't cost Tesla any more to build than the 60 did (as the 60 came with a 75 kWh battery pack software-limited to 60 kWh). In other words, it's a price increase in some ways, masquerading as a price cut.
    "The irony of the Information Age is that it has given new respectability to uninformed opinion" -- John Lawton

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Sales probably slowing and model 3 is so much less that it was going to cannibalize S sales badly.

    Not good signs if you are an investor.

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Quote Originally Posted by emh View Post
    Not really. If someone wanted a value-oriented Model S, the new base model S 75 is $1500 more expensive than the S 60 base was last quarter.
    The Model 60 offered the optional glass roof at $1,500. It is now standard on the newly priced Model 75.

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Shades of ELR lessons-not-learned?
    Last edited by Neanderthal; 04-17-2017 at 10:28 AM.
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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Quote Originally Posted by Perian View Post
    The Model 60 offered the optional glass roof at $1,500. It is now standard on the newly priced Model 75.
    Yup, the better "value" at a higher price thing. Not bad if you wanted the glass roof anyway, but a higher price if you just wanted a base car.

    Quote Originally Posted by Neanderthal View Post
    Shades of ELR lessons-not-learned?
    Hard to compare the two. I'm pretty sure the Model S sold more this past month (before the price change) than the entire ELR production run.
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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Tesla is the media and leftist darling right now. They can't do wrong, even when they do. When Telsa stops being cool cause "all the cool kids have one", hold on to your hat -- the whiplash will be brutal.

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Yes everyone knows when you are losing money you should lower your price, that way you'll lose less money?

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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Quote Originally Posted by emh View Post
    Hard to compare the two. I'm pretty sure the Model S sold more this past month (before the price change) than the entire ELR production run.
    Overpriced is overpriced. I don't know if the Tesla is overpriced because I don't follow Tesla. I do know if you overprice a product, people won't buy it.

    In ELR's case, 33% overpriced plus no PR campaign (welcome to GM) = MASSIVE FAIL.
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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    The company is a cash burning monster which loses money on every unit it sells.

    But they'll make it up on volume.
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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    Quote Originally Posted by 'Vette Dude View Post
    The company is a cash burning monster which loses money on every unit it sells.

    But they'll make it up on volume.
    There ya go! That always works!
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    Re: BREAKING: Tesla Cuts Model S Pricing - Battery Upgrade Cost Slashed

    I wonder if this is to get some of those who put a deposit on a Model 3 ( perhaps those that want a higher spec version in the $50,000-60,000 range) to stretch the contents of the Ol' piggy bank and go for the S.

    Maybe this is Musk admitting that they have a problem ramping up production to 500,000 Tesla by the end of 2018 just to fulfill the order book. That's a scant 20 months away, and if Musk pulls that little feat off I'll be more than a little surprised.

    It seems that whenever it looks like Tesla is going miss production timelines, or sales targets Elon kicks the hype machine into hyperdrive. "Hey pay no attention to the Model 3 not being made in truly mass production numbers we initially claimed, look over here! We're planning a Semi and a pick up". They just need to drive their stock up some more to attract more (gullible?) investors".

    Now I'm not saying Tesla won't achieve all this impressive expansion and new model proliferation, but for sure I have at least one foot squarely planted in the skeptic/naysayer camp.
    Last edited by SKH; 04-17-2017 at 10:59 PM.

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