Tesla is offering $7,500 credit and 10k miles of free Supercharging

JohnTHaller 3 years ago |

Must take delivery between now and Dec 31. Likely to make up for a poor quarter and the continuing drops in stock price.

mbushey 3 years ago | |

No, it's to make up for NOT getting the $7,500 federal tax credit you get starting Jan 1st. Poor quarter? Tesla is setting records and outselling ICE cars.

jsnell 3 years ago | | |

People keep saying this, but it makes no sense. It is only considering the buyer's motivation, not the seller's. Why would Tesla prefer to sell a car now for $7.5k less than they'll supposedly get in one week?

If they really believe they can sell the car without a discount in a week, it's basically like a loan with 10%/week interest rate. That can't make sense. So either they don't believe they can sell that car for the full price in a weekend, or they are desperate to juice their Q4 numbers.

vardump 3 years ago | | |

Alternative explanation could be they need to keep inventory levels low. In other words, not selling now could be also a logistics issue.

Also like most large manufacturers, Tesla typically pays the subcontractors etc. only after the car is delivered, getting an effectively interest free loan.

But perhaps it's just about meeting Q4 goals.

mbushey 3 years ago | | |

It's never been about profit. Tesla has a goal of electrifying the car market. Elon has stated he would consider making the rest of the industry switch to making EVs a success. Elon has his goals that he very reliably sticks to (Ignore the entertainment "news" companies that lie non stop). Tesla raised the price of their vehicles over and over again to stabilize demand, they didn't want 2 year wait times. Elon has stated he's not happy with how much the cars cost right now.

alphabettsy 3 years ago | | |

If they don’t care about profit why do they change for additional features where the hardware already exists and things like Autopilot where demand is not a concern?

aYsY4dDQ2NrcNzA 3 years ago | | |

> outselling ICE cars

Pardon me for asking, but what does this mean?

cosentiyes 3 years ago | | |

Internal combustion engine

aYsY4dDQ2NrcNzA 3 years ago | | |

I mean, what does it mean for them to be outselling ICE cars? What metric are we using?

mbushey 3 years ago | | |

Number of cars sold. As far as profit, they're making several times the money per vehicle sold compared to companies like Toyota.

jtthe13 3 years ago |

Trying to edge past quarterly targets, one can imagine.

hindsightbias 3 years ago |

So this is the price of “free” speech. Can’t wait to see the Q1 discounts.

pdahal 3 years ago |

New Model 3 or Model Y between December 21 and 31, 2022 for a $7,500 credit and 10,000 miles of free Supercharging.

akmarinov 3 years ago |

Tesla Europe: “we good”

nightshadetrie 3 years ago |

things must be quite dire

mbushey 3 years ago | |

Well on deliveries in the US yes, because otherwise everyone with a brain would put off the delivery for a few more days to get their $7,500 Federal tax credit.

hellisothers 3 years ago | | |

Unless you make too much money to be eligible, like most of the target market who lives in CA…

dragonwriter 3 years ago | | |

MAGI of $150k single, $225k head of household, or $300k married?

I don’t think most of the target market is above that.