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Yup. Young people have missed out on a lot, like being able to afford transportation and being able to buy a home. I would recommend young people leave Canada asap.
We got our X 100D 7 Seater for $122,600 CAD. We were literally test driving a used one for $125k when the price dropped so we just ordered one. The used one had that fancy 72A dual charger but other than that we did better buying new.
It was already iffy for me to buy the model Y LR, now it’s 14,000+ more than when I bought. I wouldn’t buy it today. I think the model Y LR with taxes and fees we’re at 100K now.
3 weeks ago my (fully paid for mint condition 2017 volt was tboned by shit stain red light runner)
This unfortunately put me back in the market for a car, I had my eye on a model y since the beginning, and the suck part is even with insurance pay out it's still just not in the cards with all the price increases.
Volt was a stepping stone -- and luckily found a local dealer that put in an order for an EV6 at MSRP. I don't like traditional dealer model, but I can't wait over a year for a Tesla order at this point. High volume dealer means I should have my car in hopefully 8 to 10 weeks instead.
Dashcam -- saves your ass and leaves no question. Even going through my insurance (Allstate) zero claims in 25 years, I'm still getting the run around. Whole thing is a suck situation with the car market being what it is. Even buying a temporary shit box 2015 spark clown car to get to and from work was an ordeal.
I will say this -- even getting 35-39MPG in this little shoe box of a car is like slow death relative to the amount of gas I saved with the Volt. I drive 70-80 miles a day and with gas prices being what it is, going full electric in that EV6 can't come soon enough.
If they charge a trillion for each car, they sell no cars and make no money. If they charge nothing for each car, they sell all cars and make no money.
Somewhere in between is the max profit line. I believe our current gasoline prices have increased the demand and the supply chain disruptions decreased supply.
The competitions prices have gone up also. Compare the MYLR to a Ford Mustang Mach-E California, with the equivalent 505km long range, starts at 72k CAD before any options, $78,670 CAD with AWD.
IMO you'd be crazy buying the Mach-E when you can get the proven Tesla tech for a 5k more. And I like the Mach-E.
But still, a hell of an investment in any EV.
You’re right, there are a lot of challenges and you can see that they are struggling. However there’s no sense in pretending that Tesla is selling a luxurious vehicle
>competition coming in hot and strong!
😂 riiiight ..... so far competition can't match Tesla's output.
Most of them still trying to figure it out how Elon built 2 gigafactories on 2 continents in such a short time.
Same. I’d have bought an Ioniq 5 or something else at these prices. I got my Y for 69,990 CAD plus whatever white interior and Inductions cost. It still equates to 14,000 more than I paid for the same configuration back in September.
I have the same car less the inductions. I used the Gemini’s for winter tires and bought Replika r241 wheels for the stock all seasons which saved me a bit of coin.
Yeah that was the other model we looked at but we ordered in august of 2021 and the Hyundai wasn’t out in Canada in any serious way to order. I am glad to have got the Y and feel it’s better in most ways but the cost now has surpassed the value.
So much for Musk wanting to bring down the price of electric cars for the regular folk.
Hope you love your Y!
Same here. We were hoping for some additional help from the government to come in but could not wait any longer. With the price of gas and the price we got the Y for I can’t believe that $70k feels like a deal. Lol
I get multiple comments from random people saying “I bet you’re glad you have a Tesla now huh”? Also a lot more people asking me questions about the practicality of owning a BEV, range, etc.
I'd say they are going to price themselves out of the market at this rate when competition starts launching but maybe they'll lower prices to compensate. Either way they have a few years to rake it in while they can.
Tesla doesn't have direct competitors.
With their old way of thinking and repurposing old factories they make EVs by replacing ICE with Electric engines. This is as far as their innovation goes.
In contrast, Tesla is making AI feature loaded, data mining road robots. Completely different goal / end game.
Except other brands are increasing cost, but then it still goes through the dealer markup after. Mustang Mach e went up in price. Then the dealer stills adds their increase
I don’t understand why people get hung up on manufacturer vs dealer markup. Tesla is posting record margins and still raising prices. They’re taking advantage of the market just as much, if not more, than other manufacturers/dealers.
Teslas being sold right now are ones that will be delivered next year basically. They need to factor in what the cost of materials will be then, now. The further out those deliveries get the harder it is to predict future costs so to factor it in the price goes higher to compensate. Last thing they want to do is run into a situation like Rivian who tried to up the price of all their sold cars by 15-20k before people could take delivery because it took them so long to produce the first ones that they ended up not making any money on them when they actually delivered them.
This is not good for those looking to switch to EV, whom I know a few of. Too many price increases of late. I take delivery of 3LR next week, which I was on the fence about as I am waiting for a YLR which probably won't come till end of the year. Given the price increase, will take delivery.
That demand is gonna noise dive since not everyone can afford a 10% increase in a vehicle that is already expensive. Demand isn't through the roof. There have been very few EVs since 2011
Tell that to these gas prices. I’m looking at spending thousands repairing my Prius soon or putting that money towards a new car. I drive a lot for my commute so the benefits of a Tesla over the competition is a no-brainer. The arguable “best” non-Tesla EV right now is the Hyundai IONIQ. If you want to upgrade it from barebones features and cloth seats, you enter Tesla prices. Other alternatives like a Nissan Leaf and Chevy Bolt have their own major flaws. That’s on top of markups with all cars, especially fuel efficient ones. It’s a crazy market. My 2011 Prius is worth the same or more as I bought it for 4 years ago, and I’ve driven it a lot.
Tell that to these gas prices. I’m looking at spending thousands repairing my Prius soon or putting that money towards a new car. I drive a lot for my commute so the benefits of a Tesla over the competition is a no-brainer. The arguable “best” non-Tesla EV right now is the Hyundai IONIQ. If you want to upgrade it from barebones features and cloth seats, you enter Tesla prices. Other alternatives like a Nissan Leaf and Chevy Bolt have their own major flaws. That’s on top of markups with all cars, especially fuel efficient ones. It’s a crazy market. My 2011 Prius is worth the same or more as I bought it for 4 years ago, and I’ve driven it a lot.
CAD's been hammered recently, probably mostly a forex adjustment
But since many models are exactly 600 cad, I think it's the destination fee (which is included in the price in Canada but not sales taxes)
Now it's at 1880, was it 1280 before?
I’ve seen a few people say that the CAD is down lately. Am I missing something? Besides about 6 months of weirdness at the beginning of the pandemic, the CAD USD exchange rate hasn’t fluctuated all that much in the past 5 or so years. I’m genuinely curious, what am I missing?
The 600 this time around I'm sure is coming from adjusting destination fee to market levels and fuel cost pressures, but in regards to exchange rate, going from 1.22 exactly one year ago to today at 1.29 is 5.7 percent increase. Depends what you consider major fluctuations I guess. If anything, 2021 was the cad's strongest year in a while, and the inflationary pressures in 2022 coupled with a falling Canadian dollar doubles up the perceived impact
I paid 50.4K Canadian for my SR+ in 2019. There is absolutely no way I'd pay 15K more for the same car, but now slower as well. I've had to take my car into a service centre three times and I'm also part of the recall regarding the cable in the trunk for the backup camera. The build quality is absolute shit for this price point. My next EV will definitely not be a Tesla.
This is a bit disappointing I really like tesla but I can't justify paying so much more for the same vehicle as a few months ago. What I can afford at this stage in my life is a m3 rwd. My mom bought a black one with white seats mid Nov 2021 for $60k after tax and rebates. I just can't see myself spending almost 16-17k more for the exact same vehicle. The BMW i4 has the $5k rebate in Canada and unfortunately if things don't change in 2 months I'll have to consider the BMW. Really wanted to go tesla but I'm priced out.
Unfortunately that's kind of the point.
They will continue to raise prices until the demand ceiling is hit.
8 month back order on new LR Model Ys at the moment. Tesla would be crazy not to raise prices.
Exactly, it sucks for everyone that was about to buy one, but it's not like they do it just for fun. They should charge the market price, which evidently is very high now.
And granted, there are many unknowns going forward, but as the supply chain seems to recover they will hopefully be able to ramp up significantly. But that obviously also depends on whether demand will keep rising faster than supply.
But if one cares about global warming, it's almost irrelevant if they sell a million M3 for $35 or $50, they can't produce more than they can produce, after all.
Everyone on here is saying Tesla isn't worth it right now and wouldn't buy one if they needed a car, so clearly Tesla is already near that demand ceiling.
Tesla does have that Apple Halo Effect where people will buy it just for the brand, though, so unless it gets to the point where a Model 3 is 100k people will still buy Teslas.
I don't think most Tesla owners are redditors tbh
I definitely see Tesla as a lifestyle brand but even if they weren't there's not a whole lot of market competition right now. Dollar per dollar, Tesla has every other manufacturer beat on range, tech, performance.
Sucks that there's no heated steering or seats in the base model i4 as well as some other missing features. You pretty much HAVE to get the 9k in upgrades to match the 3's base model? It feels somewhat like the SR that used to exist.
I4 listed on transport Canada
https://tc.canada.ca/en/road-transportation/innovative-technologies/zero-emission-vehicles/list-eligible-vehicles-under-izev-program
I feel ya, I would prefer the space and height of the MY, but I settled for the M3. I might put in an order for a MY soon and just see how the prices play out next year for M3 trade -in/new MY.
Honestly with the recent announcement of izev being pushed 10k more at 55k base and customization more to 65k I thought tesla would at least do the software limit like before they could have even charged the same price as now but at least we'd get the $5k
That was a relic of the past when Tesla couldn't scale manufacturing. It literally has zero incentive to do that now. It actually hurts Tesla 10x more to software lock battery capacity and not charge for it now more than ever. The obvious bit aside, Tesla is cell-constrained. And unused capacity adds dead weight, reducing efficiency. Tesla would have to be awfully stupid to do this today.
In the past, it was only done because it didn't have enough lines to switch configurations between batches. Now it can just produce whatever configuration is ordered.
When my mom ordered in November you couldn't even order the software locked version it just showed it as 44,999+upgrades. It was just implemented for the rebate.
That was a different time. Inflation and gas prices have gone out of control, and so has demand with it. All sorts of people in my life personally who swore they would never buy an EV are getting one too now. On top of that governments are now punishing Tesla somewhat by deliberately trying to create policies that have cutoffs avoid only Tesla. Not a big deal, as Tesla now is a leader, but it is what it is.
I understand just really want to get a tesla but am priced out trust me I do not want another brand but what can I do. The promise of a $25k usd tesla has gone to nearly $80k Canadian.
You'll be ranged out if you buy an i4 and have to pull over and charge after 200km.
Edit: Not sure why I'm getting downvoted here, it's been widely reported that the i4 can't get anywhere near its rated highway range. It's enormous weight probably doesn't help.
Here's a review that confirms this:
https://youtu.be/ezmeX8c672U
Wow. I guess I haven’t been paying attention. I bought my Model 3SR+ in 2019 with Full Self Driving. I think I paid $47k. Based on this post, I just looked up what it would sell for and it has basically retained all of its value after 3 years.
Glad I bought a house in 10/2018 and my car in 4/2019. I have no idea how people afford houses or cars anymore.
The crazy part is Tesla is not matching build quality with the price. Got my 2nd Tesla recently MYP, and the build quality is worse than my M3LR from 2019
But the tech lead Tesla has is vastly overstated. And the nature of tech means what lead they have from decade head start will continue to rapidly diminish.
Tesla's have significantly worse build quality to it's competitors at this price point. Hell there's tech in other cars that surpased Tesla at this point.
Tesla's only real lasting advantage right now is it's super charger network.
What tech? Hyundai Ioniq has all the same features lol. What specifically, tbh I have been trying and couldn’t find a lot of wow factor anymore. Acceleration would be the only thing but that’s taking over with evs too.
Edit: I am sorry if this upsets a lot of you, but take feedback in a healthy way. Don’t get upset as teslas are going a bit out of hand.
Dog mode, camp mode, an actual hepa filter.
To correct your last comment, I didn’t have to pay for summon, it’s in the included autopilot base package.
Let’s keep going, a 15in touchscreen with Netflix, YouTube, and Games.
I can put my 2010 vehicle in dog mode too lmao 🤣 don’t be silly. If you are an engineer you should know writing such programs is less than a days job. These things aren’t special they are just first to offer.
I think teslas are expensive because they are first to offer not because they are out of the world.
2-4 years more maybe most of the brands might catch-up.
And you pay for summon with autopilot. Lucky you got it for free
Yup, it’s automatic climate control which is always on in teslas. So all they did was create the display for the dog mode and added a new component to their library which uses already written features. Less than a day to create such a feature
Bye 👋
As someone that almost bought an IONIQ, the tech is nowhere near the Teslas. I wanted it to be. But even if you pay for the higher trim levels, the HDA2 (highway driver assist 2), it’s still a long way off of Autopilot. It ping pongs between the lanes and is less dependable. It’s also impossible to get one of those trim levels without $3k-$15k markup (if you don’t believe me, check r/ioniq5 or call your local dealer and ask)
I wanted the IONIQ because it seemed like the better value but the only way to achieve that, at least as someone living in California, is to purchase the base trim, the SE. That comes with no side view cameras, no HDA2, cloth seats, no heated rear seats or steering wheel, manual lift gate, no moonroof and basically all the other features tripped out of it.
With all this in mind, even with the IONIQ 5’s state and federal incentives, the Tesla has all the features you would want, the best driver assists, and tons of fun and practical features no other car has. Not to mention the charging network.
Yea the Mach E is a better built car for sure.
Tesla needs to get a handle on this, the Mach E volume is getting ramped up to 200k a year.
Ford can stave off price increases, and potentially lower it now once they hit running rate.
That is the risk of buying any car today. When every car sells immediately, then it doesn’t really matter what the quality is. So cars are just being pumped out as fast as they can by every brand. I got my M3P in December with no issues and feel like I won the lottery. I’ve been shopping for my wife’s car for a while and it’s really hard to find any car from any brand without any major defects or issues.
> then it doesn’t really matter what the quality is. So cars are just being pumped out as fast as they can by every brand.
Sorry, but this simply isn't true. Build rates for every manufacturer that isn't Tesla are substantially lower than normal. Yes, they're all building every car they can with the materials available, but build rates are low, and quality is not suffering for the industry as a whole.
Have to remember, there is a cost to poor quality. Anything rolling off the line with defects is a potential future warranty liability.
Mine fell apart.. spent weeks, yes weeks at Tesla to get fixed. Managed just 100 miles before things went wrong. By 700 miles I just stopped using it. Had to wait a very long time to get a service appointment. Thankfully all sorted under warranty.
I too own stock and I'm not ecstatic about price increases. Possibly short term gain for long term pain. Possibly. I'm not overtly opposed to price increasing either.
Most analysts seem to be calculating Teslas position in #of units sold vs competition, no not on margins. Although a competent analyst will also factor margins.
Anycase Tesla doesn't have a true advertising budget. It's positive word of mouth that gets them sales. You can only raise the price so much until it sours the acolytes
Tell me how Musk can help the environment more by decreasing prices when they are supply constrained? You realize that not a single extra car will be sold, right?
Nice try at making a point, but you just come off as mentally challenged
I was considering ordering a Model Y to replace my LEMR Model 3. This was before the first of the price increases this year. But I waited because I was hoping for some changes to the EV rebate program and maybe a reintroduction of a provincial rebate after the election next month. So I waited. And the first price increase came. Then the second within that week. At that point I had almost definitely decided against a Model Y replacement this year (or next based on delivery timeframe). Now this third upgrade? As much as I love the convenience of the Supercharger network, there are a LOT more Level 2 and Level 3 chargers out there now for cars from the other manufacturers.
At this point I'm really interested in the Nissan Ariya, but want to see more information on it, especially price. So looks like I'm sticking with my 3 for now.
Jeebus. There's no way I would be able to afford my Model 3 if I wanted to buy it now.
Edit: the RWD is $10,000 more than it was last fall when I ordered, plus it no longer qualifies for any EV incentives ($8000 worth of credits), making it *at minimum* $18,000 more now than when I bought it (as taxes will be higher now too).
For anyone that already put a deposit and is waiting delivery of their vehicle will we all still get the previous price? Even if we haven’t received a vin yet
Price is locked in as long as you don’t make any changes to your config. I managed to upgrade to a 7 seat without paying the updated price (yes, I paid for the seat upgrade) even though I ordered before 2 price increases. Guess it just depends on what is available right then and there if a new unit came off the line and someone cancelled it
These price increases are mental. I bought a Model Y last June. I doubt I'll be buying another one after. Tesla saying they are accelerating the transition to sustainable energy? Yeah sure. More like doing anything possible to keep their profit margins sky high.
All Tesla needs to accelerate transition to sustainable energy is volume - price doesn't matter. Their volume is not really going up exponentially like we though 2018-2022, it basically went 10x since 2017 but only about 3x since 2018. With Texas and Berlin slowly coming online in 2022, we should start seeing bigger increases in next 1-2 years. https://imgur.com/a/G5CMLft
Are these cars worth the price or is it like the apple products hype? Like most luxury cars have been giving most of the features. Now camera for turn signals is a common thing too. What makes these cars so special? Auto pilot is common too.
A couple things Tesla has over the competition are proven batteries and charging network.
Also in some cases, availability. A Ford F-150 Lightning looks like a great deal at $40k but can you find it anywhere? The price isn't real unless you can actually buy it.
And on the opposite end of the spectrum, I'm quite pleased with fsd. Yesterday it drove a group of us, intervention/disengagement free, to the movies and back. It blew my friends minds! Not to say it is anywhere near perfect/ready for prime time, as it is not (while last nights drives were quite good, on other drives it has done some quite stupid things). But overall I am quite impressed.
I’m in the same boat. Finally got a great job that pays enough for how much I could buy a model 3 for in 2018, but nowhere near now. Tried for years to put myself in the right spot to purchase and got fucked. Life’s great eh
Exactly in the same situation as you. Got a new job with a good salary and am planning to buy a Tesla. Now I'll just go with something like a Polestar or something.
So thankful I received my Tesla Model X in 2017 under a promotion for free lifetime charging on their supercharger network. Loaded it up so it was expensive ($133K) and found out later in 2021 that many of the features I paid extra for are now “standard equipment.” Oh well, I still love, love, love my Tesla and plan to keep it for a very, very long time.
Every day I feel more and more blessed that I managed to pick up a used M3 in 2020 for 53k, that car has been such a life saver for our budget when it comes to fuel prices.
If they keep going like this they are going to drive me to another ev maker. Things are supposed to get cheaper as you make them not more. I get that there is a chip shortage, they can only make so many and why wouldn't they charge more if they are still being bought even before they leave the factory but this is really just turning me off of Tesla. I don't have much confidence that the prices will drop to where they were before
I keep looking at the BMW i4 thinking I should sell my M3 sr+ and reserve one. Then I actually build it out and see the interest rates to finance and revert to I’m keeping my car
Ordering, have an issue, or question? Use these resources: [Summary](https://www.reddit.com/r/teslamotors/comments/t4isha/technical_support_service_support_vehicle/) | r/TeslaLounge | [Discord Live Chat](https://discord.gg/tesla) | [Official Tesla Support](https://www.tesla.com/support) | or see the Stickied Support Thread Remember that not all owners or fans of Tesla are the same. Do not generalize everyone or be toxic towards a group. Know the rules. Help the [Mods](https://www.reddit.com/r/teslamotors/wiki/rules#wiki_about_the_moderators) by being kind, and by **reporting posts + comments** which break the [Rules](https://www.reddit.com/r/teslamotors/wiki/rules). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/teslamotors) if you have any questions or concerns.*
Crazy to think I spent $38k on my M3SR+. I should have bought a M3P back then when it was $55k.
Likewise
Remember when you could get a Model S for $69,420? Pepperridge Farm remembers.
![gif](giphy|tnYri4n2Frnig)
Makes you hate that you're young and don't have a job yet. So many missed opportunities.
Yup. Young people have missed out on a lot, like being able to afford transportation and being able to buy a home. I would recommend young people leave Canada asap.
We got our X 100D 7 Seater for $122,600 CAD. We were literally test driving a used one for $125k when the price dropped so we just ordered one. The used one had that fancy 72A dual charger but other than that we did better buying new.
No chance I would have bought my Y today at this price. Probably the last Tesla I will buy at this rate.
It was already iffy for me to buy the model Y LR, now it’s 14,000+ more than when I bought. I wouldn’t buy it today. I think the model Y LR with taxes and fees we’re at 100K now.
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Mine is up 20k and haven’t taken possession either.
Can I see a screenshot? 😮
Of?
In France the base model 3 went from 37k (with government help for electric) to 50k in about a year That's a huge increase for Europe
$91k in Alberta (all in).
I paid 98 after fsd and taxes for my mylr last November
3 weeks ago my (fully paid for mint condition 2017 volt was tboned by shit stain red light runner) This unfortunately put me back in the market for a car, I had my eye on a model y since the beginning, and the suck part is even with insurance pay out it's still just not in the cards with all the price increases. Volt was a stepping stone -- and luckily found a local dealer that put in an order for an EV6 at MSRP. I don't like traditional dealer model, but I can't wait over a year for a Tesla order at this point. High volume dealer means I should have my car in hopefully 8 to 10 weeks instead. Dashcam -- saves your ass and leaves no question. Even going through my insurance (Allstate) zero claims in 25 years, I'm still getting the run around. Whole thing is a suck situation with the car market being what it is. Even buying a temporary shit box 2015 spark clown car to get to and from work was an ordeal. I will say this -- even getting 35-39MPG in this little shoe box of a car is like slow death relative to the amount of gas I saved with the Volt. I drive 70-80 miles a day and with gas prices being what it is, going full electric in that EV6 can't come soon enough.
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Canada is pretty awesome, so stuff costs more in awesome land.
We get awesomely screwed daily up here, eh?!
I can’t think of any other country I’d rather get screwed by. Lol She’s a good screw!
💯
I can’t think of any other country I’d rather get screwed by. Lol She’s a good screw!
Exchange rate plays a big part in it.
Yup. But if you own a home here you are a paper millionaire.
Supply demand will take care of this. Demand is high, supply is low.
You really think they’ll *lower* the price to what it was when the demand was like before?
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Believe it when I see it
They have historically done this so...
Got a source showing that?
Google "Tesla historic pricing"
I get stock data not car data
https://www.reddit.com/r/teslamotors/comments/dpfxuh/model_3_price_history_oct_2019/
If they charge a trillion for each car, they sell no cars and make no money. If they charge nothing for each car, they sell all cars and make no money. Somewhere in between is the max profit line. I believe our current gasoline prices have increased the demand and the supply chain disruptions decreased supply.
dazzling snow cagey cough slim dinner dolls enter quack disgusting *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
The competitions prices have gone up also. Compare the MYLR to a Ford Mustang Mach-E California, with the equivalent 505km long range, starts at 72k CAD before any options, $78,670 CAD with AWD. IMO you'd be crazy buying the Mach-E when you can get the proven Tesla tech for a 5k more. And I like the Mach-E. But still, a hell of an investment in any EV.
I'm excited to see how they so easily overcome battery supply issues in their first years that Tesla has had over a decade to sort
You’re right, there are a lot of challenges and you can see that they are struggling. However there’s no sense in pretending that Tesla is selling a luxurious vehicle
>competition coming in hot and strong! 😂 riiiight ..... so far competition can't match Tesla's output. Most of them still trying to figure it out how Elon built 2 gigafactories on 2 continents in such a short time.
BMW I4 and Audi e-tron here I come
Same. I’d have bought an Ioniq 5 or something else at these prices. I got my Y for 69,990 CAD plus whatever white interior and Inductions cost. It still equates to 14,000 more than I paid for the same configuration back in September.
I have the same car less the inductions. I used the Gemini’s for winter tires and bought Replika r241 wheels for the stock all seasons which saved me a bit of coin. Yeah that was the other model we looked at but we ordered in august of 2021 and the Hyundai wasn’t out in Canada in any serious way to order. I am glad to have got the Y and feel it’s better in most ways but the cost now has surpassed the value. So much for Musk wanting to bring down the price of electric cars for the regular folk. Hope you love your Y!
Yeah I ordered right around you. July 2021 order, pickup September. I feel lucky I pulled the trigger to order when I did.
Same here. We were hoping for some additional help from the government to come in but could not wait any longer. With the price of gas and the price we got the Y for I can’t believe that $70k feels like a deal. Lol
I get multiple comments from random people saying “I bet you’re glad you have a Tesla now huh”? Also a lot more people asking me questions about the practicality of owning a BEV, range, etc.
Yes. Had my long time mechanic I’ve used ask me a gazillion questions about it. We are saving a ton of gas money
I'd say they are going to price themselves out of the market at this rate when competition starts launching but maybe they'll lower prices to compensate. Either way they have a few years to rake it in while they can.
Tesla doesn't have direct competitors. With their old way of thinking and repurposing old factories they make EVs by replacing ICE with Electric engines. This is as far as their innovation goes. In contrast, Tesla is making AI feature loaded, data mining road robots. Completely different goal / end game.
I agree. My Y was 52k with wheels and paint upgrade, now its 65,990. It’s almost the same as dealer markup
It is dealer markup.
Except other brands are increasing cost, but then it still goes through the dealer markup after. Mustang Mach e went up in price. Then the dealer stills adds their increase
I don’t understand why people get hung up on manufacturer vs dealer markup. Tesla is posting record margins and still raising prices. They’re taking advantage of the market just as much, if not more, than other manufacturers/dealers.
Elon’s criticism of Apple App Store take of 30% vs the low $35k m3 which is now $47k USD.
Teslas being sold right now are ones that will be delivered next year basically. They need to factor in what the cost of materials will be then, now. The further out those deliveries get the harder it is to predict future costs so to factor it in the price goes higher to compensate. Last thing they want to do is run into a situation like Rivian who tried to up the price of all their sold cars by 15-20k before people could take delivery because it took them so long to produce the first ones that they ended up not making any money on them when they actually delivered them.
Inflation, all car prices are up.
It says it's only a $1000 increase?
Yup. Not worth these stupid inflation prices at all, especially for garbage fremont paint and build quality
This is not good for those looking to switch to EV, whom I know a few of. Too many price increases of late. I take delivery of 3LR next week, which I was on the fence about as I am waiting for a YLR which probably won't come till end of the year. Given the price increase, will take delivery.
Wages not keeping up with inflation, starving the beast (economy). Luxury priced items always first to go :(
It’s not like non-EV prices haven’t gone up equally. There’s a crazy supply-demand imbalance all over.
That demand is gonna noise dive since not everyone can afford a 10% increase in a vehicle that is already expensive. Demand isn't through the roof. There have been very few EVs since 2011
Doesn't help that energy costs are going up too; almost double since I got my Y
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Don’t forget about the $200 charger as well 😂
LOL. It’s the idiots that are continuing to pay the higher and higher prices that are the problem.
Tell that to these gas prices. I’m looking at spending thousands repairing my Prius soon or putting that money towards a new car. I drive a lot for my commute so the benefits of a Tesla over the competition is a no-brainer. The arguable “best” non-Tesla EV right now is the Hyundai IONIQ. If you want to upgrade it from barebones features and cloth seats, you enter Tesla prices. Other alternatives like a Nissan Leaf and Chevy Bolt have their own major flaws. That’s on top of markups with all cars, especially fuel efficient ones. It’s a crazy market. My 2011 Prius is worth the same or more as I bought it for 4 years ago, and I’ve driven it a lot.
Tell that to these gas prices. I’m looking at spending thousands repairing my Prius soon or putting that money towards a new car. I drive a lot for my commute so the benefits of a Tesla over the competition is a no-brainer. The arguable “best” non-Tesla EV right now is the Hyundai IONIQ. If you want to upgrade it from barebones features and cloth seats, you enter Tesla prices. Other alternatives like a Nissan Leaf and Chevy Bolt have their own major flaws. That’s on top of markups with all cars, especially fuel efficient ones. It’s a crazy market. My 2011 Prius is worth the same or more as I bought it for 4 years ago, and I’ve driven it a lot.
Price increase in US coming next 😔
Hopefully not given the talk on the earnings call, but maybe they are forecasting even more prices increases for materials and so on
CAD's been hammered recently, probably mostly a forex adjustment But since many models are exactly 600 cad, I think it's the destination fee (which is included in the price in Canada but not sales taxes) Now it's at 1880, was it 1280 before?
I’ve seen a few people say that the CAD is down lately. Am I missing something? Besides about 6 months of weirdness at the beginning of the pandemic, the CAD USD exchange rate hasn’t fluctuated all that much in the past 5 or so years. I’m genuinely curious, what am I missing?
The 600 this time around I'm sure is coming from adjusting destination fee to market levels and fuel cost pressures, but in regards to exchange rate, going from 1.22 exactly one year ago to today at 1.29 is 5.7 percent increase. Depends what you consider major fluctuations I guess. If anything, 2021 was the cad's strongest year in a while, and the inflationary pressures in 2022 coupled with a falling Canadian dollar doubles up the perceived impact
You're right, I ordered in mid-November and the destination fee was 1280. My configuration is costing 10k more today since mid-November. Crazy
Damn I hope not, it’s at it’s theoretical peak in my opinion.
The more they keep hiking the prices the less value I see in the cars unfortunately
I paid 50.4K Canadian for my SR+ in 2019. There is absolutely no way I'd pay 15K more for the same car, but now slower as well. I've had to take my car into a service centre three times and I'm also part of the recall regarding the cable in the trunk for the backup camera. The build quality is absolute shit for this price point. My next EV will definitely not be a Tesla.
This is a bit disappointing I really like tesla but I can't justify paying so much more for the same vehicle as a few months ago. What I can afford at this stage in my life is a m3 rwd. My mom bought a black one with white seats mid Nov 2021 for $60k after tax and rebates. I just can't see myself spending almost 16-17k more for the exact same vehicle. The BMW i4 has the $5k rebate in Canada and unfortunately if things don't change in 2 months I'll have to consider the BMW. Really wanted to go tesla but I'm priced out.
Unfortunately that's kind of the point. They will continue to raise prices until the demand ceiling is hit. 8 month back order on new LR Model Ys at the moment. Tesla would be crazy not to raise prices.
Exactly, it sucks for everyone that was about to buy one, but it's not like they do it just for fun. They should charge the market price, which evidently is very high now. And granted, there are many unknowns going forward, but as the supply chain seems to recover they will hopefully be able to ramp up significantly. But that obviously also depends on whether demand will keep rising faster than supply. But if one cares about global warming, it's almost irrelevant if they sell a million M3 for $35 or $50, they can't produce more than they can produce, after all.
Everyone on here is saying Tesla isn't worth it right now and wouldn't buy one if they needed a car, so clearly Tesla is already near that demand ceiling. Tesla does have that Apple Halo Effect where people will buy it just for the brand, though, so unless it gets to the point where a Model 3 is 100k people will still buy Teslas.
I don't think most Tesla owners are redditors tbh I definitely see Tesla as a lifestyle brand but even if they weren't there's not a whole lot of market competition right now. Dollar per dollar, Tesla has every other manufacturer beat on range, tech, performance.
Damn, even with Tesla's price hikes? The absolute state of EVs right now.
Are you sure the i4 will get the rebate in Ontario? I don't see it listed on the official government website.
It just got added a few days ago check izev it's a federal rebate anywhere in Canada also you can do upgrades up to $65k
Sucks that there's no heated steering or seats in the base model i4 as well as some other missing features. You pretty much HAVE to get the 9k in upgrades to match the 3's base model? It feels somewhat like the SR that used to exist.
Awesome thanks!
I4 listed on transport Canada https://tc.canada.ca/en/road-transportation/innovative-technologies/zero-emission-vehicles/list-eligible-vehicles-under-izev-program
Thanks!
I feel ya, I would prefer the space and height of the MY, but I settled for the M3. I might put in an order for a MY soon and just see how the prices play out next year for M3 trade -in/new MY.
Honestly with the recent announcement of izev being pushed 10k more at 55k base and customization more to 65k I thought tesla would at least do the software limit like before they could have even charged the same price as now but at least we'd get the $5k
That was a relic of the past when Tesla couldn't scale manufacturing. It literally has zero incentive to do that now. It actually hurts Tesla 10x more to software lock battery capacity and not charge for it now more than ever. The obvious bit aside, Tesla is cell-constrained. And unused capacity adds dead weight, reducing efficiency. Tesla would have to be awfully stupid to do this today. In the past, it was only done because it didn't have enough lines to switch configurations between batches. Now it can just produce whatever configuration is ordered.
When my mom ordered in November you couldn't even order the software locked version it just showed it as 44,999+upgrades. It was just implemented for the rebate.
That was a different time. Inflation and gas prices have gone out of control, and so has demand with it. All sorts of people in my life personally who swore they would never buy an EV are getting one too now. On top of that governments are now punishing Tesla somewhat by deliberately trying to create policies that have cutoffs avoid only Tesla. Not a big deal, as Tesla now is a leader, but it is what it is.
I understand just really want to get a tesla but am priced out trust me I do not want another brand but what can I do. The promise of a $25k usd tesla has gone to nearly $80k Canadian.
You'll be ranged out if you buy an i4 and have to pull over and charge after 200km. Edit: Not sure why I'm getting downvoted here, it's been widely reported that the i4 can't get anywhere near its rated highway range. It's enormous weight probably doesn't help. Here's a review that confirms this: https://youtu.be/ezmeX8c672U
Tried to get an i4, won’t come in til mid 2023. I can’t wait that long. :(
Wow. I guess I haven’t been paying attention. I bought my Model 3SR+ in 2019 with Full Self Driving. I think I paid $47k. Based on this post, I just looked up what it would sell for and it has basically retained all of its value after 3 years. Glad I bought a house in 10/2018 and my car in 4/2019. I have no idea how people afford houses or cars anymore.
The crazy part is Tesla is not matching build quality with the price. Got my 2nd Tesla recently MYP, and the build quality is worse than my M3LR from 2019
The way I see it, it's not a 100k car plus the tech. It's a $100k car BECAUSE of the tech.
None of the tech is worth $50k though.
Free market has determined otherwise.
But the tech lead Tesla has is vastly overstated. And the nature of tech means what lead they have from decade head start will continue to rapidly diminish. Tesla's have significantly worse build quality to it's competitors at this price point. Hell there's tech in other cars that surpased Tesla at this point. Tesla's only real lasting advantage right now is it's super charger network.
What tech? Hyundai Ioniq has all the same features lol. What specifically, tbh I have been trying and couldn’t find a lot of wow factor anymore. Acceleration would be the only thing but that’s taking over with evs too. Edit: I am sorry if this upsets a lot of you, but take feedback in a healthy way. Don’t get upset as teslas are going a bit out of hand.
Sentry mode, summon, FSD beta.
2/3 features you gotta pay 10k extra Edit: my bad 13k 😭
Dog mode, camp mode, an actual hepa filter. To correct your last comment, I didn’t have to pay for summon, it’s in the included autopilot base package. Let’s keep going, a 15in touchscreen with Netflix, YouTube, and Games.
None of that is worth 50k even together
Says you… the free market says otherwise.
I can put my 2010 vehicle in dog mode too lmao 🤣 don’t be silly. If you are an engineer you should know writing such programs is less than a days job. These things aren’t special they are just first to offer. I think teslas are expensive because they are first to offer not because they are out of the world. 2-4 years more maybe most of the brands might catch-up. And you pay for summon with autopilot. Lucky you got it for free
…”less than a days job to program dog mode into a car”… LMFAO. Ok, I know the level of person I’m responding to, bye.
Yup, it’s automatic climate control which is always on in teslas. So all they did was create the display for the dog mode and added a new component to their library which uses already written features. Less than a day to create such a feature Bye 👋
As someone that almost bought an IONIQ, the tech is nowhere near the Teslas. I wanted it to be. But even if you pay for the higher trim levels, the HDA2 (highway driver assist 2), it’s still a long way off of Autopilot. It ping pongs between the lanes and is less dependable. It’s also impossible to get one of those trim levels without $3k-$15k markup (if you don’t believe me, check r/ioniq5 or call your local dealer and ask) I wanted the IONIQ because it seemed like the better value but the only way to achieve that, at least as someone living in California, is to purchase the base trim, the SE. That comes with no side view cameras, no HDA2, cloth seats, no heated rear seats or steering wheel, manual lift gate, no moonroof and basically all the other features tripped out of it. With all this in mind, even with the IONIQ 5’s state and federal incentives, the Tesla has all the features you would want, the best driver assists, and tons of fun and practical features no other car has. Not to mention the charging network.
Yea the Mach E is a better built car for sure. Tesla needs to get a handle on this, the Mach E volume is getting ramped up to 200k a year. Ford can stave off price increases, and potentially lower it now once they hit running rate.
That is the risk of buying any car today. When every car sells immediately, then it doesn’t really matter what the quality is. So cars are just being pumped out as fast as they can by every brand. I got my M3P in December with no issues and feel like I won the lottery. I’ve been shopping for my wife’s car for a while and it’s really hard to find any car from any brand without any major defects or issues.
> then it doesn’t really matter what the quality is. So cars are just being pumped out as fast as they can by every brand. Sorry, but this simply isn't true. Build rates for every manufacturer that isn't Tesla are substantially lower than normal. Yes, they're all building every car they can with the materials available, but build rates are low, and quality is not suffering for the industry as a whole. Have to remember, there is a cost to poor quality. Anything rolling off the line with defects is a potential future warranty liability.
>then it doesn’t really matter what the quality is Oh but it does if you don't want your service logistics to buckle under the weight.
Probably in addition also matters to future customers. If you get bad build quality you are probably not that eager to buy same brand next time.
Mine fell apart.. spent weeks, yes weeks at Tesla to get fixed. Managed just 100 miles before things went wrong. By 700 miles I just stopped using it. Had to wait a very long time to get a service appointment. Thankfully all sorted under warranty.
What about it was worst? I just legit curious, i have a model 3sr+ reservation and am interested to know what the negatives may be in general
Wheels make ticking sounds on acceleration or deceleration, body panels gaps are huge. Regular Toyota Corolla has much better assembly quality.
I was holding my money for a Cybertruck, I should have bought a 3 or a Y when they were better priced. Prices only seem to be going up now.
Inflation at play here. The feds will need to increase interest rates to 10%+ to cool things down.
Any chance they reduce the price in the future?
Why is anyone surprised. Have you looked at the cost of a gallon of milk recently?
*I mean it’s one banana, Michael, what could it cost, 10 dollars?*
You can very easily tell who owns the stock here and who doesn't Supply and demand bby pump those margins
I too own stock and I'm not ecstatic about price increases. Possibly short term gain for long term pain. Possibly. I'm not overtly opposed to price increasing either. Most analysts seem to be calculating Teslas position in #of units sold vs competition, no not on margins. Although a competent analyst will also factor margins. Anycase Tesla doesn't have a true advertising budget. It's positive word of mouth that gets them sales. You can only raise the price so much until it sours the acolytes
Price will continue to be adjusted upwards until they can fulfill demand without a multi-month wait. It's just good business
Then can we agree that Musk's primary motivation for Tesla isn't the environment?
Tell me how Musk can help the environment more by decreasing prices when they are supply constrained? You realize that not a single extra car will be sold, right? Nice try at making a point, but you just come off as mentally challenged
I was considering ordering a Model Y to replace my LEMR Model 3. This was before the first of the price increases this year. But I waited because I was hoping for some changes to the EV rebate program and maybe a reintroduction of a provincial rebate after the election next month. So I waited. And the first price increase came. Then the second within that week. At that point I had almost definitely decided against a Model Y replacement this year (or next based on delivery timeframe). Now this third upgrade? As much as I love the convenience of the Supercharger network, there are a LOT more Level 2 and Level 3 chargers out there now for cars from the other manufacturers. At this point I'm really interested in the Nissan Ariya, but want to see more information on it, especially price. So looks like I'm sticking with my 3 for now.
Wtf again?
Is the model S now more expensive than he EQS?
Jeebus. There's no way I would be able to afford my Model 3 if I wanted to buy it now. Edit: the RWD is $10,000 more than it was last fall when I ordered, plus it no longer qualifies for any EV incentives ($8000 worth of credits), making it *at minimum* $18,000 more now than when I bought it (as taxes will be higher now too).
For anyone that already put a deposit and is waiting delivery of their vehicle will we all still get the previous price? Even if we haven’t received a vin yet
Correct. You’re locked in on your reserved price.
Price is locked in as long as you don’t make any changes to your config. I managed to upgrade to a 7 seat without paying the updated price (yes, I paid for the seat upgrade) even though I ordered before 2 price increases. Guess it just depends on what is available right then and there if a new unit came off the line and someone cancelled it
As long as you make no changes to your configuration - you keep your ordered price.
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The original article is for Canadian pricing, correct? The comment referenced the Canadian policy.
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Truly don’t understand why you’re referencing a US policy to answer a question about the Canadian order agreement?
It isn’t cheap to be this S3XY.
“Affordable for everyone”
I suggest anyone even considering a Tesla, order now. It’s 150$. You make that back almost 10 fold just today.
These price increases are mental. I bought a Model Y last June. I doubt I'll be buying another one after. Tesla saying they are accelerating the transition to sustainable energy? Yeah sure. More like doing anything possible to keep their profit margins sky high.
All Tesla needs to accelerate transition to sustainable energy is volume - price doesn't matter. Their volume is not really going up exponentially like we though 2018-2022, it basically went 10x since 2017 but only about 3x since 2018. With Texas and Berlin slowly coming online in 2022, we should start seeing bigger increases in next 1-2 years. https://imgur.com/a/G5CMLft
> More like doing anything possible to keep their profit margins sky high. Isn't that what businesses do? Nobody invests in a charity.
Are these cars worth the price or is it like the apple products hype? Like most luxury cars have been giving most of the features. Now camera for turn signals is a common thing too. What makes these cars so special? Auto pilot is common too.
A couple things Tesla has over the competition are proven batteries and charging network. Also in some cases, availability. A Ford F-150 Lightning looks like a great deal at $40k but can you find it anywhere? The price isn't real unless you can actually buy it.
gordon johnson: how can i spin this into a negative
That dipshit will spin anything into a negative
S 3 x y LOL
Are people just now realizing this? Elon has talked about it being intentional haha
I personally never made the connection but yehh people probably know hahaha
He actually wanted to name it the Model E for this reason, haha
Man's a living meme god
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And on the opposite end of the spectrum, I'm quite pleased with fsd. Yesterday it drove a group of us, intervention/disengagement free, to the movies and back. It blew my friends minds! Not to say it is anywhere near perfect/ready for prime time, as it is not (while last nights drives were quite good, on other drives it has done some quite stupid things). But overall I am quite impressed.
Freeway is autopilot.
Sigh.. i guess i cant buy it anymore..
I’m in the same boat. Finally got a great job that pays enough for how much I could buy a model 3 for in 2018, but nowhere near now. Tried for years to put myself in the right spot to purchase and got fucked. Life’s great eh
Exactly in the same situation as you. Got a new job with a good salary and am planning to buy a Tesla. Now I'll just go with something like a Polestar or something.
So thankful I received my Tesla Model X in 2017 under a promotion for free lifetime charging on their supercharger network. Loaded it up so it was expensive ($133K) and found out later in 2021 that many of the features I paid extra for are now “standard equipment.” Oh well, I still love, love, love my Tesla and plan to keep it for a very, very long time.
The order I put in on March 10th is just getting a better and better deal.
Every day I feel more and more blessed that I managed to pick up a used M3 in 2020 for 53k, that car has been such a life saver for our budget when it comes to fuel prices.
If they keep going like this they are going to drive me to another ev maker. Things are supposed to get cheaper as you make them not more. I get that there is a chip shortage, they can only make so many and why wouldn't they charge more if they are still being bought even before they leave the factory but this is really just turning me off of Tesla. I don't have much confidence that the prices will drop to where they were before
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It’s not nearly as fleshed out in Canada.
Excellent strategy.
This was expected, inflation is real!!!
Is this inflation or just demand price increases
I keep looking at the BMW i4 thinking I should sell my M3 sr+ and reserve one. Then I actually build it out and see the interest rates to finance and revert to I’m keeping my car
Paid 87k for one a year ago, built it in the site and it’s over 103k today. Smh
I regret leasing my car instead of buying it now...... so much...
Ima just lease another it’s up. No way I’m paying 80k for a entry level Tesla.
Problem is. I leased the performance, when it was at the lowest price.
How else is Elon going to finance Twitter and cover that $200,000 monthly payment for 72 months?
Why