Until Tesla has a financial institution Tesla can lower it's price but gets screwed on interest. Ford owns one and can go in at 0%. If Tesla is 9.9% even at a close price the Tesla payment will cost you thousands more.
@@ShonTolliverMusic Because without the super charging network you can only drive in the city, and I don't only remain in my city. Sometimes I want to drive to say Vegas for example.
@@bikingD charging anything under 4.25% interest rate is losing money if you think about it. In that case Ford would sell an unprofitable Mach-E and lose on interest while Tesla has 15-25% margins on its autos
@@Wavyyyaf Except Ford isn't buying the money they own the finance company. That was my point Tesla or should I say their clients have to buy their loans through the banks. Ford can lend out at whatever rate they choose.
You can also look at it a different way, the past 2 years, Tesla has been increasing the price of its cars a lot because demand was outpacing supply. But all that meant that the company was increasing the profit margin of those vehicles, so if it is true that the tax credits were strategically placed, you could see it as a strategy to prevent the tax credit being used to pay dividends to shareholders. But don't forget that it also cut off other vehicles from other manufacturers from the scheme. At the end of the day, you have to draw a line somewhere.
They priced themselves during the high demand months and now the prices are back to what they were normally. Only did it die to waning interests. Aging design there Frans.
Apart from Tesla's competitive edge in manufacturing, the real reason why these legacy automotive companies WON'T catch up to Tesla is because these legacy manufacturers still rely on dealer networks to sell their vehicles. Tesla is entirely direct-to-consumer, meaning they capture the profit that would have otherwise been going into the dealer's pocket. Until these OEM's can break their dependence on these dealer networks, Tesla will continue to dominate the EV market.
@OsamaBinLadensSecondGirlfriend tell that to the titans of mobile phones that all crumbled when Apple entered the market. Which they’re merely years away from doing in ev so look out Tesla.
They don't really rely on dealerships to sell their EVs, it's actually a burden for them to keep that model. They would prefer to sell direct to consumer but the way it's structured right now, they have their hands tied with how the agreement is currently. Ford might eventually spin off their EV sector so it won't need to work with dealerships as the middle man to sell to consumers. That's why they are separating how they report their EV business vs traditional ICE.
I, as a consumer, prefer to go to a dealer. To see the merchandise, to touch the merchandise, to test it and then strike the best deal possible. Negotiate a good discount and see if I also can get a good deal to trade in my old vehicle at the same time. You can't do any of that when you buy online. And it's not like you are buying a new phone. You are making one of the most expensive purchases you'll ever make. And you simply want to order it like you would order a book?
The 20% price drop happened after a 25% price increase. I bought my Model Y long range for 52k in late 2020 (50k without the extra options). I'm glad they managed to tame the supply chain cost and that they are passing those savings back to consumers..
It can only happen in the US that you need to classify your expensive car as an SUV to get federal grants. You aren't doing the world a favour by driving 3 tonnes of metal around.
how many millions of ICE cars are on the road? It would take a generation to clear them all.. even if they wanted to (and they DON'T).😁 (Remember when we were going to go "all metric"? yeah, that!)
I don’t think so. I like ice cars. I think people will have one of each. When I can absorb the cost of a second car it will be an ice car. An Audi rs 5. But the car with fewer moving parts and little to zero mentainance, the electric car will be the daily driver.
GM doesn't need to respond to price cut because GM is the clear market leader. In their most recent earnings they literally said GM is the mainstream EV leader. Mary led and it matters. 😂
Kia & Hyundai being two brand of the same company it is not correct to say Ford is nr two. Also Vw, Audi, Porsche, Skoda, Seat & Cupra (the later 3 not sold in the US) are all from VW group…
It was good for him elon. I bought a Tesla 3 weeks ago and it’s because of the price cuts. If he didn’t lower his prices I would have gone with someone else or just stick with combustion engine cars. But the price cut gave Tesla my business. So the price cuts helps him gain or keep market share.
more like: did you think that this true genius (Elon) did not see this day coming and PLANNED ahead for it? They have been going after him since day one!
Tesla is technology. People complaining that they feel "duped" since they're now cheaper than when they bought do not understand that technology decreases in value over time.
Tesla is really a bank actually because they force their customers to deposit 10-15k in advance for something that won't launch for many years. And then they do the same with cybertruck where they have been holding deposits for 3+ years. Imagine using that money held to buy Tesla stock instead lol. You could have bought 4-5 of their cars from that price appreciation. But alas it's Elon getting all that benefit. Thanks Tesla fan boys
Couple of points here in Canada. The price cuts from Tesla had the biggest influence on used Tesla prices. Previous to the cuts many seller were asking more than new price for many models sanity has now returned and used prices are more in line with reality. I was in the market for a KIA EV6 but the few that were available were 2022 models from KIA dealers and carried a markup of some $20K over factory published 2023 prices despite being demos and being last year model. The situation was even worse for a factory order. No dealer could promise delivery and all planned on adding whatever markup the market would bare whenever cars became available. Tesla was also an interesting case as the Model 3 LR AWD is not available to order and the performance model not being discounted and not qualifying for incentives. I finally settled on a used 2022 AWD LR which was my second choice as a new order.
So let me get this straight Tesla lowers it price it is good. Ford lowers its price it's defeat. How does that work? Ford owns a finance company. So can also go in at 0% if it wants to. Tesla is stuck with Bank rates so even at say same price Tesla will cost you thousands more. I say that's a win for Ford. Check mate!!!!
@@jimmaag4274 They also have no assets. Once they actually have to spend money all that will vanish. They have only 4 plants. Have old models that need complete redos because they are so old. Give it 5 years and will have to see what happens. Elon will have bailed by then. Will be a totally different company. Will be fun to watch to see what happens.
@@jimmaag4274 Yah and how fast will that money be burnt up when they actually have to spend it? They actually have nothing. Have 2 models really 2 more that are suv versions. All old. 4 plants that Elon even says is a money furnace. They basically are a company on paper but are nothing more. Is a total joke and is totally mismanaged by a scatter brain moron.
@@TheLastMoccasin yeah actually they do, the entire bottom section (heavier than uranium) is made in a lab and only existed for a fraction of a second.
@@bradhaines3142 So are all the subatomic particles in the Standard Model that they..... invented in the LHC? I guess I think "discovered" is a better word for finding a thing that likely already existed before our human eyes began looking for it. But I do get your point :)
Tesla give features like all heated seats, heated steering, basic autopilot, Sentry mode, depends on starlink internet, glassroof, etc as base whereas these features are still upgrade in other car companies, also Tesla make cars with LFT batteries now, but other car companies are still on 0-80% lithiu-ion batteries, I have tesla M3 and never had problem with single screen, but other car companies still give old school buttons, so I will prefer Tesla over other car manufacturers as it gives me all loaded feature at right price. BMW give subscription for heated seats, I mean seriously. Tesla give internet access subscription.
You had me until you said something about buttons. Physical buttons are far superior compared to a screen. Want to adjust your vents? Screen. Turn on the AC? Screen. Adjust climate? Screen.... that's whack. They only do it to cut costs. All that and, as mentioned above, you still receive horrendously spaced panel gaps.
Yes they give features! Another reason for me choosing them as well as my depreciating electric car of choice and not the rest. 😮 subscription for heated seats!!! I would by hand warmers and stick them in my jeans or dress pants before I subscribed to heated seats!
Overall an accurate piece. When does omission become FUD? I would say that at the beginning of the piece when you claim price increases over the past year were due to supply and inflation costs, that was partially the truth. On the screen you typed in 'demand' as one of the reasons for the increase. For Tesla demand was the major reason for price increases, wait times were approaching one year, which in not good for business, which was not stated verbally. But at the end of the video you state that Tesla had such strong demand from the price cuts that it has re-raised prices to curtail demand, which is true. So, back to my earlier claim that overall the article had accurate information but your omissions left out a big part of the story. My conclusion is that you could not bring yourself to say that Tesla's price increases for the previous year were because of huge demand driving wait times to unfavorable extremes. To FUD or not to FUD, that is the question.
First comment about battery costs is incorrect. Tesla increased price to control their queue length. Battery cost is going down Year by year. Ford loses money because of the failure in engineering. They are inefficient in how they build their EVs.
Are we suppose to normalize price increase, why are prices going up? No one ever ask the right questions. Is the chemical in the food altering your thinking too?
WV and GM's volumes are so low for EV's they are subsidised via ICE sales. So this Tesla price cut will not effect other OEMs EV prices but their ICE car prices and volumes. As usual CNN reporters are analysing the WRONG thing in the battle between EV and ICE. They segment EV into EV and ICE into ICE, when they are both in the car market. This is why they are always wrong in their overall analysis and I think they do this on purpose to the benefit of ICE investors or Wall Str and to the detriment of the public. Why, because in the next 5yrs used ICE vehicle prices will be almost zero and buying an ICE car will make no economic sense since they will be worthless. So why would you buy one now. A typical buyer in the US keeps their ICE car for 7yrs before buying again. So these people buying ICE today have lost their entire resell value the instant they buy. Imagine losing almost 100% in depreciation the second you drive your brand new ICE car off the lot. Well this is what mass media is not telling their viewers. Why would they , they are not there to inform but to mislead on behalf of their advertisers.
I'll keep driving my 1991 Acura Integra & keep doing all the maintenance myself. It won't last forever, but 32 years, a tribute to Honda engineering. People love to spend $ on new shiny objects frequently.
@@Joe-lb8qn I purchased a new 21 Tesla model 3 performance October of 2021. I have 20k miles the full range was at 315 time of delivery. Now it’s at 280. Which I pretty salty about.. I think I need to recalibrate battery. But even if it had degraded that much it’s still more than most .
@@raffiboi22 I dont know how teslas manage mileage calculation. My EV does it according to how its been driven over the recent past (which also takes into account temperature and such like). SO it varies throughout the year. Does Tesls do that or is it pretty static? You can also check the individual modules via an app and bluetooth dongle in the diagnostic port. If thats a genuine drop thats much more than most from what ive read (as i said i dont have one). From memory 5% is a more normal drop which would take it down to about 300?
The report is super hot wow. I sure wonder how she found her "sources" for her news ;) I'm sure people would give her some insider info for an exchange of something nice ;)
I think VW ID.4 will take over the market very soon because of their price and design and we want to see more compition in price and design from other companies as well and without any doubt ev is the future.
Did I just hear say Tesla has ambitions to sell more cars? And then go on to justify a 20% price cut as arbitrary? Their economic moat is eroding resulting in squeezed margins
They are working on the next platform that is 50% cheaper to make. Think about the scale of that. And it is the operation margin that matters for the foreseeable future as Tesla is not just about making cars, ie Energy, AI, Insurance, Dojo services, bots...
They make more money than Ford and GM already, only selling 1.3 million cars per year...... but they are "just a car company" lol Also, prices are still higher than they were in the past even after this price cut. MSM does not give you ALL the data......
That's because EVs are not worth it. Or at least right now. EVs are too expensive to the average consumer, and the infrastructure isn't wide enough yet and charging is too slow/long (despite rapid charging). The future for the automobile remains uncertain, since governments are pushing consumers towards EVs although this may backfire. Then manufacturers are also experimenting with alternative fuels and Hydrogen.
Tesla Model Y was the 4th best selling vehicle of ALL powertrain types in 2022 and will be the best selling vehicle of ANY powertrain in 2023....... you were saying what??
Was a “hold my beer” moment by Elon 😂. Biden admin/IRS got their bluff called by singling out the Tesla suv based on an oddly coincidental/random weight limit. This put pressure on competitors and therefore Biden admin/IRS to change their manipulative “suv” weight limit guidelines. 😂
US is 31 trillion in debt which is about 1 million tax burden per tax payer. Why politicians want to keep spending tax payer money we can’t afford escapes me, they must be lining their pockets with our money😢.
I truly believe that even at the current prices EV's are overpriced and I think that most consumers think so too. EV's so much simpler vehicles. An E-motor is so much simpler than a IC-motor. The costs of batteries is passed on an an inflated markup with EV's. I don't beleive that Ford is losing money on the Mach-E.
is she an intern? Tesla cutting prices has nothing to do with pricing war but increasing production vs demand. Tesla car inventories were plenty in month of Nov-Dec, they went to make sure to clear it.
@@TheLastMoccasin and stop trying to put Tesla out of business (the "Ford approach to business") and just get along with them. For christsake, Ford OWNS the pick-up market already!
Nora, good report... but you barely mentioned that GM is still pushing its "Vega EV" aka the Bolt/Volt/Dolt in the hopes that this "EV fashion trend" will just up and go away..🤣🤣🤣
Also to add to this, ford literally released their financials today and their net income is at a 2 billion dollar loss while Tesla is at a 12 billion dollar gain . This video was published an hour ago and they didn't even bother updating information regarding what they were referring to at the end. Just goes to show how much journalism they put into this.
Not Anymore Than Multiple Millions Who Die And Fight, Over Or Due To Oil . Tens Of Millions Of Additional Lives Would Be Better If Even A Fraction Of The 1 TRILLION+ Dollars The U.S Spends On Protecting Oil Were To Go To Helping And Not Killing People.
PRICES DROPPED BECAUSE BUYERS HAVE STARTED TO SEE THE HORIZON THAT THE INFRASTRUCTURE IS NOT WHERE IT NEEDS TO BE, WAY TOO LONG CHARGING TIMES AND CURRENTLY NOT ENOUGH STATIONS, ALONG WITH LOW DRIVING RANGES.
You are describing the offerings from Legacy ICE companies very well..... unfortunately Tesla has been working on all these over the past 15 years while Legacy has just been waiting for someone else to "fix all the initial barriers". It's why Tesla sells millions of EVs while Legacy sells thousands.
@@TheLastMoccasin TESLA HAS SOLD THOUSANDS SINCE ITS BEGINNING. WAY TOO MANY HAVE EXPERIENCED SOFTWARE ISSUES, WHICH HAVE CAUSED MANY ACCIDENTS (LAWSUITS) AND ALSO HAVE ISSUES WITH STARTING ON FIRE DAYS AFTER AN ACCIDENT. (BATTERIES)
Who in their own mind would buy a VW or Ford with their terrible efficiency, bad charging network and horrible infotainment systems? Boomers may still be willing to buy these brands, but i can tell you that as a Millennial / Gen Y, nor me neither my friends are interred in these legacy manufacturers. They simply dont understand what we want. For me, the only reason the competition hasn’t cut prices is because they cannot afford it.
me as the lack of HUD is a show stopper for Tesla (Elon says it’s because of the self driving promised years ago and still years away, meanwhile buyers have come off their lease and could never use the feature they paid for - which I consider a kind of fraud)
Until the other brands have a nationwide super charging network I would never be able to buy an EV that's not a Tesla.
Until Tesla has a financial institution Tesla can lower it's price but gets screwed on interest. Ford owns one and can go in at 0%. If Tesla is 9.9% even at a close price the Tesla payment will cost you thousands more.
Why?
@@ShonTolliverMusic Because without the super charging network you can only drive in the city, and I don't only remain in my city. Sometimes I want to drive to say Vegas for example.
@@bikingD charging anything under 4.25% interest rate is losing money if you think about it. In that case Ford would sell an unprofitable Mach-E and lose on interest while Tesla has 15-25% margins on its autos
@@Wavyyyaf Except Ford isn't buying the money they own the finance company. That was my point Tesla or should I say their clients have to buy their loans through the banks. Ford can lend out at whatever rate they choose.
Tesla had to cut pices because the government tried to price them out of the tax credit.
If you make enough money per car you can actually do this.
@osamabinladenssecondgirlfr4241 it's all public information kid, look it up yourself.
@OsamaBinLadensSecondGirlfriend he’s talking about the Biden tax credit that has to do with pricing, union, and nation of origins
@@Taurineg bro you just replied to a user named osamabinladenssecondgirlfriend lol that's a troll
You can also look at it a different way, the past 2 years, Tesla has been increasing the price of its cars a lot because demand was outpacing supply. But all that meant that the company was increasing the profit margin of those vehicles, so if it is true that the tax credits were strategically placed, you could see it as a strategy to prevent the tax credit being used to pay dividends to shareholders. But don't forget that it also cut off other vehicles from other manufacturers from the scheme. At the end of the day, you have to draw a line somewhere.
They priced themselves during the high demand months and now the prices are back to what they were normally. Only did it die to waning interests. Aging design there Frans.
Apart from Tesla's competitive edge in manufacturing, the real reason why these legacy automotive companies WON'T catch up to Tesla is because these legacy manufacturers still rely on dealer networks to sell their vehicles. Tesla is entirely direct-to-consumer, meaning they capture the profit that would have otherwise been going into the dealer's pocket. Until these OEM's can break their dependence on these dealer networks, Tesla will continue to dominate the EV market.
Idk man an ev Corolla/civic would be a game changer. (Same price better range faster charging )
@osamabinladenssecondgirlfr4241 you are the one with a simplistic view of the EV market. You are making a fool out of yourself.
@OsamaBinLadensSecondGirlfriend tell that to the titans of mobile phones that all crumbled when Apple entered the market. Which they’re merely years away from doing in ev so look out Tesla.
They don't really rely on dealerships to sell their EVs, it's actually a burden for them to keep that model. They would prefer to sell direct to consumer but the way it's structured right now, they have their hands tied with how the agreement is currently. Ford might eventually spin off their EV sector so it won't need to work with dealerships as the middle man to sell to consumers. That's why they are separating how they report their EV business vs traditional ICE.
I, as a consumer, prefer to go to a dealer. To see the merchandise, to touch the merchandise, to test it and then strike the best deal possible. Negotiate a good discount and see if I also can get a good deal to trade in my old vehicle at the same time.
You can't do any of that when you buy online. And it's not like you are buying a new phone. You are making one of the most expensive purchases you'll ever make. And you simply want to order it like you would order a book?
The 20% price drop happened after a 25% price increase. I bought my Model Y long range for 52k in late 2020 (50k without the extra options). I'm glad they managed to tame the supply chain cost and that they are passing those savings back to consumers..
Teslas are the best value, and the charging network is way better than competitors
Uhmm, they increase their price by 25% before cutting it by 20% recently.
Tesla's vertical integration is its biggest advantage.
If a company raises prices due to inflation of cost of materials, that is not absorption. They are literally transferring the cost onto the consumer
It can only happen in the US that you need to classify your expensive car as an SUV to get federal grants. You aren't doing the world a favour by driving 3 tonnes of metal around.
True
But we live in houses that kill trees to park that hunk of metal in a garage the size of a small home
All passenger vehicles qualify for a tax credit; however, the cutoff is $55k for sedans and $80k for trucks and suvs.
Poaching customers from Tesla?
More like poaching customers from ICE vehicles
I had no idea Ford lower their prices. But then again, I live in Europe, and here we don’t buy those joke of a car
Will gas motor cars be phased out in the future for electrical
how many millions of ICE cars are on the road? It would take a generation to clear them all.. even if they wanted to (and they DON'T).😁
(Remember when we were going to go "all metric"? yeah, that!)
I don’t think so. I like ice cars. I think people will have one of each. When I can absorb the cost of a second car it will be an ice car. An Audi rs 5. But the car with fewer moving parts and little to zero mentainance, the electric car will be the daily driver.
not entirely for at least 50 years. too reliable. tell me any battery thats held up 20 years
the policy imposed by governments can alter both car makers' and customers' buying behavior in EV industry
GM doesn't need to respond to price cut because GM is the clear market leader. In their most recent earnings they literally said GM is the mainstream EV leader.
Mary led and it matters. 😂
GM and Ford have been playing this game of "brinksmanship" for generations... though they have not been the leaders in the auto industry for decades.
Kia & Hyundai being two brand of the same company it is not correct to say Ford is nr two. Also Vw, Audi, Porsche, Skoda, Seat & Cupra (the later 3 not sold in the US) are all from VW group…
It was good for him elon. I bought a Tesla 3 weeks ago and it’s because of the price cuts. If he didn’t lower his prices I would have gone with someone else or just stick with combustion engine cars. But the price cut gave Tesla my business. So the price cuts helps him gain or keep market share.
Wait, you _still_ have tax credits for SUVs?!
Tesla is feeling heat with competition.
💀💀 🧢
What competition? Tesla is the only one that makes money selling EVs.... millions of them. The other just build a few thousand and are loosing money.
more like: did you think that this true genius (Elon) did not see this day coming and PLANNED ahead for it? They have been going after him since day one!
Tesla is technology. People complaining that they feel "duped" since they're now cheaper than when they bought do not understand that technology decreases in value over time.
Tesla is really a bank actually because they force their customers to deposit 10-15k in advance for something that won't launch for many years. And then they do the same with cybertruck where they have been holding deposits for 3+ years. Imagine using that money held to buy Tesla stock instead lol. You could have bought 4-5 of their cars from that price appreciation. But alas it's Elon getting all that benefit. Thanks Tesla fan boys
Couple of points here in Canada. The price cuts from Tesla had the biggest influence on used Tesla prices. Previous to the cuts many seller were asking more than new price for many models sanity has now returned and used prices are more in line with reality. I was in the market for a KIA EV6 but the few that were available were 2022 models from KIA dealers and carried a markup of some $20K over factory published 2023 prices despite being demos and being last year model. The situation was even worse for a factory order. No dealer could promise delivery and all planned on adding whatever markup the market would bare whenever cars became available. Tesla was also an interesting case as the Model 3 LR AWD is not available to order and the performance model not being discounted and not qualifying for incentives. I finally settled on a used 2022 AWD LR which was my second choice as a new order.
All this for car dealers to mark up the price 5k +.. It will be like this price cut never happen for them
Tesla doesn’t work through dealers, it’s directly to you, so no markups.
Ford is making it much harder for dealerships to do mark ups. They will not send the cars to those dealerships if they are reported as doing so.
They should work on their “quality control” first. No point having a Tesla if it becomes a bathtub on wheels when it rains
Seems like ford just threw their hands up and claimed defeat
So let me get this straight Tesla lowers it price it is good. Ford lowers its price it's defeat. How does that work? Ford owns a finance company. So can also go in at 0% if it wants to. Tesla is stuck with Bank rates so even at say same price Tesla will cost you thousands more. I say that's a win for Ford. Check mate!!!!
@@bikingD that financing company is gonna be down once those people stop paying for it lol.
@@bikingD Ford loses money on every BEV they sell, Tesla's margins are still industry leading.
@@jimmaag4274 They also have no assets. Once they actually have to spend money all that will vanish. They have only 4 plants. Have old models that need complete redos because they are so old. Give it 5 years and will have to see what happens. Elon will have bailed by then. Will be a totally different company. Will be fun to watch to see what happens.
@@jimmaag4274 Yah and how fast will that money be burnt up when they actually have to spend it? They actually have nothing. Have 2 models really 2 more that are suv versions. All old. 4 plants that Elon even says is a money furnace. They basically are a company on paper but are nothing more. Is a total joke and is totally mismanaged by a scatter brain moron.
did they invent something better than lithium?
You don't invent elements....
@@TheLastMoccasin yeah actually they do, the entire bottom section (heavier than uranium) is made in a lab and only existed for a fraction of a second.
@@bradhaines3142 So are all the subatomic particles in the Standard Model that they..... invented in the LHC? I guess I think "discovered" is a better word for finding a thing that likely already existed before our human eyes began looking for it. But I do get your point :)
@@TheLastMoccasin subatomic is different, those were there. the bottom section didnt exist before and went away immediately after being created
Tesla give features like all heated seats, heated steering, basic autopilot, Sentry mode, depends on starlink internet, glassroof, etc as base whereas these features are still upgrade in other car companies, also Tesla make cars with LFT batteries now, but other car companies are still on 0-80% lithiu-ion batteries, I have tesla M3 and never had problem with single screen, but other car companies still give old school buttons, so I will prefer Tesla over other car manufacturers as it gives me all loaded feature at right price. BMW give subscription for heated seats, I mean seriously. Tesla give internet access subscription.
They give you panel gaps standard too with your package
Old school buttons? Your screen can break but not those buttons.Sorry i don't have to search for basic functions under menus😂
Fix your weird grammar please
You had me until you said something about buttons. Physical buttons are far superior compared to a screen. Want to adjust your vents? Screen. Turn on the AC? Screen. Adjust climate? Screen.... that's whack. They only do it to cut costs. All that and, as mentioned above, you still receive horrendously spaced panel gaps.
Yes they give features! Another reason for me choosing them as well as my depreciating electric car of choice and not the rest. 😮 subscription for heated seats!!! I would by hand warmers and stick them in my jeans or dress pants before I subscribed to heated seats!
Tesla is the best software, charging and price
It is not price that is the problem for legacy auto makers, it's the dealer markup.
I would say both. There are basically no affordable new EVs today
Pay cash or buy an old car Panther Body car. They’re cheap and run for a good 300k miles.
Instead of poaching customers from Tesla why not poach customers from ICE Vehicles?
Aston martin fusion
Overall an accurate piece. When does omission become FUD? I would say that at the beginning of the piece when you claim price increases over the past year were due to supply and inflation costs, that was partially the truth. On the screen you typed in 'demand' as one of the reasons for the increase. For Tesla demand was the major reason for price increases, wait times were approaching one year, which in not good for business, which was not stated verbally. But at the end of the video you state that Tesla had such strong demand from the price cuts that it has re-raised prices to curtail demand, which is true. So, back to my earlier claim that overall the article had accurate information but your omissions left out a big part of the story. My conclusion is that you could not bring yourself to say that Tesla's price increases for the previous year were because of huge demand driving wait times to unfavorable extremes.
To FUD or not to FUD, that is the question.
I have a new controll unit for new electric fusion cars . A new brand. Ford Fusion
Great #tesla channel
People sometimes children are dying everyday in lithium mines for these cars.
thats not the only mines people die in
@Brad Haines lol okay don't defend it.
Didn't they jack up the price significantly about a year or two ago? This is just moving the prices to what they were before.
First comment about battery costs is incorrect. Tesla increased price to control their queue length. Battery cost is going down Year by year. Ford loses money because of the failure in engineering. They are inefficient in how they build their EVs.
Are we suppose to normalize price increase, why are prices going up? No one ever ask the right questions. Is the chemical in the food altering your thinking too?
WV and GM's volumes are so low for EV's they are subsidised via ICE sales. So this Tesla price cut will not effect other OEMs EV prices but their ICE car prices and volumes.
As usual CNN reporters are analysing the WRONG thing in the battle between EV and ICE.
They segment EV into EV and ICE into ICE, when they are both in the car market.
This is why they are always wrong in their overall analysis and I think they do this on purpose to the benefit of ICE investors or Wall Str and to the detriment of the public. Why, because in the next 5yrs used ICE vehicle prices will be almost zero and buying an ICE car will make no economic sense since they will be worthless.
So why would you buy one now. A typical buyer in the US keeps their ICE car for 7yrs before buying again. So these people buying ICE today have lost their entire resell value the instant they buy.
Imagine losing almost 100% in depreciation the second you drive your brand new ICE car off the lot. Well this is what mass media is not telling their viewers. Why would they , they are not there to inform but to mislead on behalf of their advertisers.
I'll keep driving my 1991 Acura Integra & keep doing all the maintenance myself. It won't last forever, but 32 years, a tribute to Honda engineering. People love to spend $ on new shiny objects frequently.
American brands only. Don’t buy foreign EV’s from Volkswagen or Toyota. Americans should be driving American cars made in America
Most us makers build cars outside the us.
I don’t think most other car brands even offer over 300 mile range. The new Kia gt ev6 range is stated at up to 206 miles . What a joke.
I think the genesis GV60 performance is something like 225. And thats a £65k car. Crazy.
@@Joe-lb8qn I purchased a new 21 Tesla model 3 performance October of 2021. I have 20k miles the full range was at 315 time of delivery. Now it’s at 280. Which I pretty salty about.. I think I need to recalibrate battery. But even if it had degraded that much it’s still more than most .
@@raffiboi22 I dont know how teslas manage mileage calculation. My EV does it according to how its been driven over the recent past (which also takes into account temperature and such like). SO it varies throughout the year. Does Tesls do that or is it pretty static? You can also check the individual modules via an app and bluetooth dongle in the diagnostic port. If thats a genuine drop thats much more than most from what ive read (as i said i dont have one). From memory 5% is a more normal drop which would take it down to about 300?
Tesla's rated miles has been proven to never actually hit, it's so overly optimistic and never hits it in real world testing
Until Tesla has a half decent service network, still not going to buy one.
The report is super hot wow. I sure wonder how she found her "sources" for her news ;) I'm sure people would give her some insider info for an exchange of something nice ;)
Tesla fusion
All expensive things getting from Africa with cheaper,how become expensive to consumers ..who is that 😂😂😂
I will never buy a Tesla if it means even one cent is going to Elon Musk
This video was 4 minutes and 14 seconds too long.
It's about time.
I thought he doesn't like democrat but he likes the tax cuts?
So many Musk simps on the comments 🥴
I think VW ID.4 will take over the market very soon because of their price and design and we want to see more compition in price and design from other companies as well and without any doubt ev is the future.
@@sillystuff6247 Here in Dubai we can see a significant increase of ID.4 on roads.
Ford can't make money on their EVs.
Meh, not rich so EV's don't mean much.
Did I just hear say Tesla has ambitions to sell more cars? And then go on to justify a 20% price cut as arbitrary? Their economic moat is eroding resulting in squeezed margins
They are working on the next platform that is 50% cheaper to make. Think about the scale of that. And it is the operation margin that matters for the foreseeable future as Tesla is not just about making cars, ie Energy, AI, Insurance, Dojo services, bots...
@@nguyep4 I just don’t have that kind of foresight
They make more money than Ford and GM already, only selling 1.3 million cars per year...... but they are "just a car company" lol Also, prices are still higher than they were in the past even after this price cut. MSM does not give you ALL the data......
That's because EVs are not worth it. Or at least right now.
EVs are too expensive to the average consumer, and the infrastructure isn't wide enough yet and charging is too slow/long (despite rapid charging).
The future for the automobile remains uncertain, since governments are pushing consumers towards EVs although this may backfire. Then manufacturers are also experimenting with alternative fuels and Hydrogen.
The new Prius is beautiful and has 57 MPG. But the real answer is public transportation and working from home whenever possible.
@OsamaBinLadensSecondGirlfriend Maybe Not For You
Tesla Model Y was the 4th best selling vehicle of ALL powertrain types in 2022 and will be the best selling vehicle of ANY powertrain in 2023....... you were saying what??
Was a “hold my beer” moment by Elon 😂. Biden admin/IRS got their bluff called by singling out the Tesla suv based on an oddly coincidental/random weight limit. This put pressure on competitors and therefore Biden admin/IRS to change their manipulative “suv” weight limit guidelines. 😂
Need 20 to 30% off on model 3 instead
A factory filled with drunken party clowns would make better cars than Tesla.
US is 31 trillion in debt which is about 1 million tax burden per tax payer. Why politicians want to keep spending tax payer money we can’t afford escapes me, they must be lining their pockets with our money😢.
they didn’t cut any price, it’s just the federal credit on electric cars.
False
@@TheLastMoccasin it’s federal credit on Evs. Tesla didn’t cut the price.
@@plutonakamoto8740 You have internet access, I'm pretty sure.... you should use it!! ;)
And I know here In denmark copenhagen !! The Price is really Down like before it WAS 500K BUT now its 300k!! No Lie here at all!!
Mid size pick up for 12k is what I can afford lol
F
I truly believe that even at the current prices EV's are overpriced and I think that most consumers think so too. EV's so much simpler vehicles. An E-motor is so much simpler than a IC-motor. The costs of batteries is passed on an an inflated markup with EV's. I don't beleive that Ford is losing money on the Mach-E.
Well duh lol. The only way tesla can lower prices is when people stop ordering them, simple supply and demand
I will never buy a Tesla
Cool
bro be rockin his blackberry in 2023 because smartphone man bad
Not sure Tesla had to lobby for admin to inc suv guidelines - OEMs prob lobbied on their behalf 😂 🤣 😂
is she an intern? Tesla cutting prices has nothing to do with pricing war but increasing production vs demand. Tesla car inventories were plenty in month of Nov-Dec, they went to make sure to clear it.
All Ford has to do is build a automated assembly plant, and switch materials.
$$$
And become a software company. And get rid of their dealers. And build a worldwide charging network. And not go bankrupt while doing all of the above.
@@TheLastMoccasin while their unprofitable EVs will cannibalize their own ICE cars😂. I really don't know how they'll survive.
@@TheLastMoccasin and stop trying to put Tesla out of business (the "Ford approach to business") and just get along with them.
For christsake, Ford OWNS the pick-up market already!
Nora, good report... but you barely mentioned that GM is still pushing its "Vega EV" aka the Bolt/Volt/Dolt in the hopes that this "EV fashion trend" will just up and go away..🤣🤣🤣
Useless video.. No new information..... Everyone already is aware about this
Don't ruin ur credibility
Also to add to this, ford literally released their financials today and their net income is at a 2 billion dollar loss while Tesla is at a 12 billion dollar gain . This video was published an hour ago and they didn't even bother updating information regarding what they were referring to at the end. Just goes to show how much journalism they put into this.
@@prsm_ They don't want to make their advertisers mad by showing ALL the data.... how would they take their money then?
I wonder how many uyghurs and congolese will die as a direct result of this price war?
I feel sorry for those kids! 😭😭
Do you have anymore Fox news talking points?
Not Anymore Than Multiple Millions Who Die And Fight, Over Or Due To Oil . Tens Of Millions Of Additional Lives Would Be Better If Even A Fraction Of The 1 TRILLION+ Dollars The U.S Spends On Protecting Oil Were To Go To Helping And Not Killing People.
@@jimmaag4274 Do facts hurt or something? Do yourself a favor and google the term 'child slavery in the congo'.
@@scarecrow2275 your orange messiah will not save you
I will ride out my gas engine car for as long as possible, by then evs will be really cheap
Just get rid of EVs . They are a joke.
Horses are way better, right??? Glad someone agrees with me ;)
PRICES DROPPED BECAUSE BUYERS HAVE STARTED TO SEE THE HORIZON THAT THE INFRASTRUCTURE IS NOT WHERE IT NEEDS TO BE, WAY TOO LONG CHARGING TIMES AND CURRENTLY NOT ENOUGH STATIONS, ALONG WITH LOW DRIVING RANGES.
Chill homie
@@Pfchang69 I AM CHILLING ON THE SIDELINES, NOT BUYING ELECTRIC YET.
They're a scam. Everyone I know that bought an EV got rid of theirs or wants to.
You are describing the offerings from Legacy ICE companies very well..... unfortunately Tesla has been working on all these over the past 15 years while Legacy has just been waiting for someone else to "fix all the initial barriers". It's why Tesla sells millions of EVs while Legacy sells thousands.
@@TheLastMoccasin TESLA HAS SOLD THOUSANDS SINCE ITS BEGINNING. WAY TOO MANY HAVE EXPERIENCED SOFTWARE ISSUES, WHICH HAVE CAUSED MANY ACCIDENTS (LAWSUITS) AND ALSO HAVE ISSUES WITH STARTING ON FIRE DAYS AFTER AN ACCIDENT. (BATTERIES)
Who in their own mind would buy a VW or Ford with their terrible efficiency, bad charging network and horrible infotainment systems? Boomers may still be willing to buy these brands, but i can tell you that as a Millennial / Gen Y, nor me neither my friends are interred in these legacy manufacturers. They simply dont understand what we want.
For me, the only reason the competition hasn’t cut prices is because they cannot afford it.
me as the lack of HUD is a show stopper for Tesla (Elon says it’s because of the self driving promised years ago and still years away, meanwhile buyers have come off their lease and could never use the feature they paid for - which I consider a kind of fraud)
Tesla is so overpriced that GM and others can hold prices and still be cheaper than Tesla.
That's not what actual prices show at all.
@@jimmaag4274 Explain?
@@willtwain1383 if you couldn't understand what I typed, you just aren't worth engaging with. Move along.
@@jimmaag4274 Clearly you are in too deep. This requires true intelligence. Musk suckers do not have the capacity to think independently.
GM doesn't sell EVs in volume so what are you referring to?
TNX GOOD business okay brother TNX Family First good