The Rams went through a pricing adjustment. As did Chrysler Pacificas. Can still sell them, but the dealer has to go through a different process to report them sold
When do you think you will buy a 100% pure electric vehicle?
- Thread starter dmclone
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RE: Rivian, we've been getting job applications from a number of people from Rivian lately. Not sure if it's just coincidence or something is causing people to look elsewhere.
Had my first service (7500 miles) on my Chevy Bolt EUV yesterday. The mechanic absolutely loved my baby golfcart. Such an awesome car! I've owned BMW M3s, X5s, Mini Coopers (standard with 5 speed manuals and S models with 6 speed Getrags). Absolutely love my Chevy golf cart!
Perfect example of 1,000 city-living IT workers designing a truck rather than vehicle and automotive experts. Like Tesla does on most things - they grossly over focus and promis on things that don't matter (bullet proof glass, fully self driving vehicles that are anything but, etc) rather than on the nuts and bolts of what makes a vehicle great.
It's also part (though one of many reasons) their sales were down 20% this quarter DESPITE countless, significant monthly price reductions, and why lifetime expected recalls on a Tesla are over 100 compared to the under 10 on any other vehicle.
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This is not really true. For the model Y (best selling car in the world) Ist QTR 2023 saw significant price decreases, 1st QTR 2024 did not.
"At the beginning of January, a five-seat Tesla Model Y long-range crossover cost $65,990; on January 12 Tesla dropped this to $52,990"
That same model is now $49,990 and the price is actually increasing this month
Model 3 Long Range-1st qtr 2023 there was a $6k decrease to $47,990
2024 $47,740
Oh and many of these models got the $7,500 tax credit starting in January 2023.
We’re about to hit 3,000 miles on our model 3 and have been completely happy with it. Not a single problem yet. That’s obviously very early but imagine we will keep an EV sedan as our second car (have an SUV for getting kids around and longer trips) for commuting to work and running errands in the city.
Just saw the free month of full self driving although I will admit I’m kind of freaked out about trying it.
Just saw the free month of full self driving although I will admit I’m kind of freaked out about trying it.
You just proved my point. A vehicle brand new used to sell for $65K but is now selling for $47K because of sales declines. The below charts show the HUGE price cuts on Tesla's while every other car brand was INCREASING prices quite dramatically. And this doesn't reflect 2024 cuts.
Tesla Massively Reduces Prices. Here Are the New Prices and Why They Did It
Tesla forecasted a price decrease was likely, and now it has drastically reduced the price at the perfect time.
www.notateslaapp.com
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Give it a shot, just be ready to intervene of it does something your not comfortable with. I tried out the parking feature last night and it worked well. Most of my interventions have been more preventive measures. For example, it was passing someone and I noticed in my rear view mirror that someone was approaching from behind at 100mph+. Rather than see how the self driving would handle it, I sped up and moved over so that fast and furious could go balls out. It also tends to sit in blind spots of trucks, which isn't the way I drive.
Please think about it a little harder. 2023 1st qtr sales were through the roof because of the 1st 2023 price cuts.You just proved my point. A vehicle brand new used to sell for $65K but is now selling for $47K because of sales declines. The below charts show the HUGE price cuts on Tesla's while every other car brand was INCREASING prices quite dramatically. And this doesn't reflect 2024 cuts.
View attachment 127064Tesla Massively Reduces Prices. Here Are the New Prices and Why They Did It
Tesla forecasted a price decrease was likely, and now it has drastically reduced the price at the perfect time.
View attachment 127065
Those are average prices of a new Tesla by month, not the number of vehicles sold.
If you want to talk about revenue, let's look at how this year is going...
Tesla Bulls Turn Bearish As 'Nightmare' First Quarter Comes To An End
Tesla stock plunged 31.4% through April 4, the second-worst performer on the S&P 500. Shares are 58.7% below their late 2021 all-time high. But Tesla has largely tracked declining earnings estimates amid weaker-than-expected deliveries despite ongoing price cuts.Tesla Stock Tumbles as Q1 Deliveries Fall 8.5% From a Year Earlier
About 386,800 cars were marked as sold in the first quarter compared with estimates, which averaged about 477,000, according to UBS. That's a 20.1% drop from the final quarter of 2023 and 8.4% from a year ago. It's also the first year-over-year decline in quarterly deliveries since 2020, as well as the company's lowest quarterly performance since 2022. Shares fell more than 7% in early trading following the news.Tesla shares tumble as analyst decries ‘train wreck’ investor call
“Let’s call this as it is: While we were anticipating a bad 1Q, this was an unmitigated disaster 1Q that is hard to explain away. We view this as a seminal moment in the Tesla story for Musk to either turn this around and reverse the black eye 1Q performance,” Ives said in a note Tuesday.
Tesla share plunge wipes out $80 billion in market value, after dour earnings call
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Yes, those are the price decreases in 2023.2023.2023.2023.2023!!!!!! When you make drastic price cuts, along with a $7,500 tax break, it creates massive demand, which is what happened during the 1st quarter of 2023.2023.2023.2023. Q1 2024 sales were down compared to Q1 2023. These price cuts did not happen in 2024.
BTW, I'm not doubting the stock decline or profits. I'm just pointing out that there is a valid reason that sales are down year over year. It's mostly due to 1st qtr 2023 being a monster quarter for Tesla.
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They still moved far fewer cars and ended with more excess inventory this quarter than their prior guidance and analyst expectations. Their margin fell from over 35% to under 20% due to the price cuts. With sales stalling and margins falling, it doesn't matter what prices were a year ago driving demand - it's about today and the near future.
I agree that they had inflated sales a year ago, but the fact that demand for them NOW is decreasing at a far greater rate than other EVs or the industry as a whole, gives warning signs - even accounting for that prior bump in demand. Not to mention, their sales a year ago were still not at expectations - thus the 20% price cuts in the matter of 6 months.
1 - Their dramatic price drops have made their used car market collapse. 2 - Their huge margin cuts require massive volume increases to offset. 3 - Demand is falling for Teslas at a record pace because of the person running it being absolutely bat-**** crazy and turning away 50% of the potential US market - and that 50% probably accounts for 75% of EV sales to begin with.
So yes, sales a year ago were inflated because of massive price drops. Even when you take that inflation into account, their volume decreased while their margin plummeted. Their leader is ruining their reputation by cutting corners and turning away potential buyers with everything he says. The EV market as a whole is set to slow down, further creating head winds. All at a time when there are more options than ever, at much cheaper prices still, with just as much customer satisfaction, with 5% of the recalls as Teslas.
I'm not saying they're on course for doom, but every single indicator of a stable and growing company is flashing red right now and only getting worse. They just cancelled their low price car that was expected to give them a massive boost in sales while they focus on niche markets with very small sales volumes. Their reputation isn't going to be easy to repair.
I pulled my stuff directly from CNBC, Investors Business Daily, Wall Street Journal, etc. And it's based on Tesla's own financial filings and commentary on the earnings call. I have no vested interest as I'm not a prospective buyer (with health I won't ever be buying a new car again). I just like stats and trends while keeping an open mind. Those stats, trends, and analyst reports are how I then base my opinion. I don't look out data/facts to support my opinion, my opinion is created by those facts.
I will admit I have a bias against Musk as a person, but that only provides a hypothesis for some of the non-factual points.
Please provide the source of this statement. KBB in March of this year said that Tesla owners have the highest brand loyalty.
Demand is falling for Teslas at a record pace because of the person running it being absolutely bat-**** crazy and turning away 50% of the potential US market - and that 50% probably accounts for 75% of EV sales to begin with.
How about this one? Did you happen to notice that on the same day, the CEO said that this wasn't true?
They just cancelled their low price car that was expected to give them a massive boost in sales while they focus on niche markets with very small sales volumes. Their reputation isn't going to be easy to repair.
Demand is falling for Teslas at a record pace because of the person running it being absolutely bat-**** crazy and turning away 50% of the potential US market - and that 50% probably accounts for 75% of EV sales to begin with.
How about this one? Did you happen to notice that on the same day, the CEO said that this wasn't true?
They just cancelled their low price car that was expected to give them a massive boost in sales while they focus on niche markets with very small sales volumes. Their reputation isn't going to be easy to repair.
That's a very easy task...
Elon Musk’s reputation is falling — and it’s taking Tesla with it
Musk’s behavior may be contributing to Tesla’s declining sales.
www.theverge.com
Elon Musk’s reputation is falling — and it’s taking Tesla with it
Elon Musk’s controversial behavior in recent years is “very likely” to be a contributing factor in Tesla’s declining sales, according to corporate reputation tracking firm Caliber.Survey data reported by Reuters found that Tesla’s “consideration score” — a metric used by Caliber to track consumer interest in brands, based on how they respond to the prompt “I would buy, or continue buying, products and services from Tesla, if given the chance” — has fallen to 31 percent from its 70 percent high in November 2021, tumbling by 8 percent alone this January. Caliber’s consideration scores for rival EV-producing manufacturers Audi, BMW, and Mercedes, meanwhile, increased slightly during the same period, reaching between 44–47 percent.
A separate study from analytics firm CivicScience tracking Musk’s approval among US consumers found that 42 percent of respondents viewed him unfavorably, compared to 34 percent when his stake in Twitter was announced in April 2022. The Tesla CEO’s conduct has been repeatedly scrutinized since that point, with mounting controversies ranging from changing operations at X — the site formerly known as Twitter — to his frequent promotion of conspiracy theories and other harmful rhetoric.
Elon Musk won’t stop tweeting. Now Tesla might be paying the price
Market intelligence firm Caliber’s “consideration” score for Tesla fell to 31% in February, less than half its high of 70% in November 2021, Reuters reports.
Caliber also found that Musk’s reputation is uniquely tied to Tesla, with 83% of Americans connecting the executive to the company. For comparison, just 26% of Americans surveyed by Caliber knew that Tim Cook is the CEO of Apple and 11% could connect Reed Hastings to the company he helped found, Netflix.
In July, Bloomberg News released the latest edition of its survey of about 5,000 Tesla Model 3 owners. Although many of those consumers praised their electric compact cars, they had less gushy feelings regarding Musk.
The vast majority of respondent said Musk’s public statements harmed or greatly harmed Tesla’s reputation. When prompted, many owners told Bloomberg they wanted Musk to stop posting on X and stay out of politics. Of the consumers that sold of their Teslas and purchased a different brand, 21.5% cited their disapproval of Musk.
“If I don’t buy another Tesla it will be because Musk damaged the brand and made it embarrassing to be seen in his car,” one Model 3 owner told Bloomberg. Another told the publication that “I have spoken to several people who say that as much as they hear Tesla is a good car, they cannot bring themselves to buy on because of Musk.”
Would-be Tesla buyers snub company as Musk's reputation dips
New car registrations for Teslas in California- their biggest market in the U.S. - posted their first drop in over three years in the fourth quarter of 2023 even as EV sales rose overall.
At least five analysts cut Tesla's target price last month, saying the automaker could post disappointing first-quarter delivery results. Tesla shares are down nearly 30% year to date.
Is Musk getting in the way of Tesla sales growth?
According to recent surveys from a market analysis firm, Musk is contributing to a "reputational downfall" that is costing the electric automaker sales.
In a new survey by marketing analysis firm Caliber provided exclusively to Reuters, a "consideration score" for Tesla fell to 31% in February, less than half its high of 70% in November 2021, when Caliber started tracking consumer interest in Tesla.
Tesla stock has plummeted since Elon Musk took over Twitter. Here's why.
Shares of Tesla have fallen 45% in two months since Elon Musk acquired Twitter.
abcnews.go.com
Tesla stock has plummeted since Elon Musk took over Twitter. Here's why.
Tesla stock has plummeted since CEO Elon Musk took over Twitter, falling more than 45% in about over two months.Disapproval of Elon Musk is top reason Tesla owners are selling, survey says
In all, the company's stock has dropped more than 65% since January, when Musk began investing in Twitter. By comparison, the tech-heavy Nasdaq has fallen about half as far over that period.Since Musk acquired Twitter, the Tesla CEO has started to voice his political and social views more frequently, as well as share controversial conspiracy theories.
This has resulted in a wave of people changing their minds about Musk, especially people on the left side of the American political spectrum. Many have suggested this has a negative impact on Tesla, which is intricately linked to Musk.
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