Ryan I was one of those on the fence. I finally pulled the trigger Friday night and I’m picking up my Model Y in a few hours. Below is the discounts I was able to take advantage of: 1k military discount $500 referral $4,085 inventory discount $7,500 tax rebate 0% financing I was initially holding out for the model Y refresh, but after waiting several years to purchase my first Tesla, I couldn’t walk away from these heavy discounted prices
@@hanswitvliet8188 There is more to it than that. The fact is, the world still needs oil and gas and still will for several decades. Given this, we have a lot of it so why should we and our allies by from our enemies. Not only is that not smart financially, our regulations have us drill far, far cleaner than anyone in the world. No one is stopping green energy builds and those will obviously continue, and they expanded significantly under Trump and our carbon emissions diminished as well. It is a smart move. As long as there is demand, we should fill it, not our enemies
@@hanswitvliet8188 If the world still demands a lot of oil and gas, until someday it doesn't, who better to provide it than the USA which extracts is a lot cleaner than everyone else on the planet? Also, why shouldn't our 'allies' buy from us vs our enemies?
I was able to get a brand new model 3 lr from inventory w/ $3,300 price reduction, 7,500 tax credit, 1,000 loyalty and 1,000 military discount. Insane that I got a new car for 12k less than sticker price!!!
@@Joelo139 same here. I didn’t know they had an in-gallery incentive since I ended up getting one that was already inbound (AWD with all stock options).
They just started the military discount this past October. No telling how long it will be around. Don’t forget to check your state tax reduction and if you can register your Tesla under your business you can potentially get more. I got the same discount plus an additional $3000 from the state of Maryland.
Big mistake of Tesla to welcome the repeal of tax breaks. $7500 was one of the major catalysts to get me to pull the trigger and the other one was the .99% for 72 months. No tax break and I might have gotten something else. Its pricey for all the things you get or dont get compared to the competition. Teslas business to consumer tactics were never consumer friendly but more of a take it or leave it approach this will in the end taken with elons craziness will hurt the company.
I actually don't mind it. It will slow depreciation for Teslas on the used market, whereas now, the only Teslas that make sense to buy are new with full 7500 credit or used for sub 25k for 4000 credit, which are quite old/high miles and usually beat up because they were Uber cars. Now there would be room for a market in between.
@@leok7193 purchasing depreciation is only a factor if you plan on selling or trading your car within 5 years. After that it flattens from 5 to 12 years you make money versus a lease. Ask anyone in finance after 5 years your car will pay you.
I seriously doubt that the tax credit is going away. The House majority is razor thin. All it takes is a few Republican Congressmen having a district with an EV manufacturering line (Tesla or not) and that bill gets shot down. The most that will happen I think is the made in USA requirements will be tightened SIGNIFICANTLY.
It was extended until 2032. Congress would have to pass in order to change or drop it. Trump can't do an executive order on it. It's just media misinformation as always
I think it will. It is costing the government too much money. Elon has said this with an interview with Brownlee a couple years ago and if you ever watch Solving the Money Problem with Steven Mark Ryan. He just gave 10 reasons this is great today in his video. It makes sense there. Less than 20 minute video…
This measure works better than raising tariffs. When those are raised absurdly high, China will respond accordingly, and ultimately the us buyers will pay the price (not just cars)
@@hanswitvliet8188 I honestly think the biggest things this will effect are things like Temu and Wish. Leveling the playing field by making our tariffs the same as anything we send to China shouldn’t change much going out, as they are already pretty high. Things leaving there that come here will go up in price, but this will incentivize those Chinese companies to build factories here and use American workers or not sell as much here. It might also be a cause for more being built in Mexico. This would be from us and to us. Those tariffs into both countries (US and China) aren’t terribly high right now and this is why Tesla was debating a factory there and many Chinese companies are already working on it.
Just picked up a 2024 Model Y AWD for $38,200. Blue exterior, 19in, and white interior. It was a demo vehicle with 288 miles. They go quick but caught one!
Not taking a side, but the theory is that subsidies slow progress and innovation not expedite it. EV's are only viable because of Tesla. Other automakers have been very unwilling to vertically integrate (not sure it isn't a fad). Without the subsidies (or even with them it seems) non-Tesla automakers have to innovate cost out rather than government prop ups. It's been over a decade. How long to subsidize it? OIl and gas subsidies aren't in the same hemisphere due to global impact and foreign relations, but they should go too.
@@Solar750 subsidies allow consumers to get in an EV instead of an ICE vehicle. If manufacturers see a down trend in EVs they are definitely not going to invest nor innovate in this segment.
@@Dalisu87 I agree that's the theory. In practicality, it doesn't work that way. EV's are $20-$25k more than equivalent ICE (and still not profitable while ICE are). $7.5k isn't getting anyone into EVs that wouldn't anyway. It lowers the burden for people that were already in that space. EV's are not on par with ICE cars even with subsidy.
I seriously doubt that the tax credit is going away. The House majority is razor thin. All it takes is a few Republican Congressmen having a district with an EV manufacturering line (Tesla or not) and that bill gets shot down. The most that will happen I think is the made in USA requirements will be tightened SIGNIFICANTLY.
@@Nathan-ty6fd Any Republican who goes against Fearless Leader's program will immediately become an enemy of the people and will be primaried in 2026. There goes their political career.
People on the fence are gonna move quick this quarter. But all in all people are gonna cry about it but also still gonna buy and have short memories. They will get over it and then still sell to those that cant afford it..Plus when the middle east has its next uproar and it always does , gas will spike as it always does and those that drive to work everyday …will all start leasing them as many people do when they cant afford the car outright.. Tesla will be just fine. Plus more so than the 7500 bucks is the ability to offer 0%, .99% and these low interest rates..
@ I agree with your take on the majority of buyers. Reads like a playbook, you should revisit your comment in two years, I bet you’d be surprised. Hopefully you’re wrong but I can see this coming to fruition.
Bought a new model Y performance last month and I absolutely love it. It’s my third Tesla but my first Tesla SUV. I have other cars, but the cost of ownership is next to nothing. 👍👍
In regards to the tax credit, the tax credit is an increase in money supply. When there is an increase in money supply and limited number of goods, the prices drive up. Ending the credits will drive EV prices down but not immediately.
The tax credit is a gift to the car seller, not the buyer. The buyer charges what the market will bear. I.e. without tax credits it used to be a 35K car. With tax credits suddenly its a 42K car. The net is nearly the same.
Took my wife's model Y to Service here in Tucson yesterday and there are a LOT of model Y's and Cybertrucks on the lot ready for sale. Not sure how they can sell all of them when the new Y comes out. Leasing any vehicle for 999 a month or more is absolutely insane. If a person like myself, can not afford an 80,000 truck you should not buy one.
7:35 bruh this comes out to 47,500 for 3 years. Just pay the extra 32,500 to own it for life. Yeah the depreciation is gonna hit you really hard, but the banks and manufacturers arent dumb, they factor in expected depreciation when they do these things. Leasing is by far the most expensive way to own a vehicle and its only sometimes with very fast depreciating EVs is it an okay choice. Buying these super fast depreciating EVs is already a bad idea so leasing them isnt a great idea either. Tldr, buy a 3 year old model for 1/3 the price It wont be 1/3 the cost to own because a 45k plaid wont depreciate as fast as 100k plaid. It will be way cheaper to own
Ryan did stipulate that he was talking about those who are looking at the monthly payment. Although I do wholeheartedly agree with you, Ryan’s advice is more geared toward those who make bad decisions.
@phych yeah I guess, Leasing is a bad idea unless you're going to make a bad car purchase, then it's slightly less bad. Just to be clear I'm not saying EVs are a bad buy, just that they depreciate really fast and that makes it financially unwise.
The automakers that are not making money on EVs are not short just $7,500. They are WAY off cost to make vs sale price. Losing the tax credit won't really matter because the profitability problem has to be fixed anyway. The credit is not really the issue for legacy brands it's undoing the poison they cast in the well by spreading lies about EVs. That crap got socialized and now it's going to be very difficult to say "things are different now".
Front camera would be huge. I have a 2024 Model Y and find it to be the hardest car to park that I have ever owned. Every time you park near something you get a warning saying parking sensor is degraded. Tesla vision sucks. NormaL parking sensors are great. I notice Ryan never talks about this.
Really? My 2022 Model Y is the easiest to park car I've ever had. Between rentals, company cars, and cars/trucks/buses I've owned, that's well over 100 vehicles. Tesla vision is amazing. The hardest to park vehicle I've ever had was a Ford F-550 with a 48' car carrier.
Losing the $7500 rebate I think is a horrible decision, no matter what Elon thinks. Sure Tesla will survive either way, but what incentive is there to get a EV then if you don't get a $7500 discount? Climate change is a real thing and driving a EV you still have to make decisions you don't have to with an ICE vehicle, public charging being a huge one.
getting rid of the tax credit is purely a political statement. trump supporters typically don’t like electric cars and it’s just the administration making a statement that they don’t care for EVs
As for my plans, I think I'll look at the pricing on the Juniper once it is out and settled down a bit. If it gets under $50k then I can trade in my 2022 MYLR, getting something like $25k if there are buyers from used inventory who are attracted to the low price. We'll see.
I'm excited to finally break-down and buy an electric car when this is released. For our current driving needs--and following patterns/trends--an electric vehicle seems to make the most financial sense. As well, the technology in a Tesla seems to be quite advanced. Thanks for your informative videos my brother 💪
Tax credits are a bit of a shell game that benefit the car companies more than the consumers. Taxpayers should not be subsidizing the industry. It will all shake out in time…some companies will survive others will not…that’s free enterprise.
Ryan, I’m a long-time listener and hugely appreciate the reliable, straightforward content you provide. I’ve owned a model y for over a year and am generally happy with it, reserving three significant complaints. But in the months since I purchased, EM has made himself so noxious, so toxic, so utterly and ubiquitously despicable and stupid that I cannot bring myself to buy another Tesla product. I’ve tried to convince myself that he’s not the company, but he thwarts that self-delusion at every turn. I suspect I will trade my model y in the next year or two on an EV from Volvo, Polestar, or Hyundai.
Another good video. Thanks Ryan, I'm thinking of upgrading my 2020 Model Y LR all wheel to a new.... Model Y LR all wheel! I just learned that there's no path to Hardware Level 4, and some of the newer features are very compelling, cooling seats, quieter interior, better suspension! biodefense mode air filter!!!, and my FSD will transfer. Now, I think I'm going to wait for Juniper. That front camera.... I replaced a tire and wheel because FSD drove right over a huge rock, costing me $1200. (I was looking at the way you would if another person was driving. Of course they aren't going... cachunk! ) Maybe the extra camera.... My biggest worry is not the tax credit, but transferring my FSD. I'm willing to bet that'll still be on offer, but maybe a couple of months after Juniper is first released. In the meantime I'll still have the best car ever made. Please don't buy into that new nonsense that somehow Tesla is finally going to do well because of the election. Tesla was always going to do great. The biggest constraints on Tesla are delays, interest rates, and battery development (which seems to be well in hand.) But another huge constraint is most people still have no clue about Teslas. Non of the Trump voters I know or spoke to say they have any interest in a Tesla or any other electric car. Short range, fire danger, battery needs to be replaced every couple of years..... Lower the price of any consumer car $7500 and a lot more are going to be sold. So yes the elimination of the EV Tax credit will if not hurt Tesla, reduce the number of sales that would've happened with it. (We all saw a few of the Tesla RUclips channels immediately launch 45 minute videos carefully explaining why "On day One I will eliminate the EV tax credit," won't hurt Tesla. "The lady doth protest too much, methinks." ) A discount is a discount is a discount. And all that nonsense about Biden's (foolish snubbing of Elon and Tesla) and 'over regulation of Tesla' Huh?? Some of our friends are creating myths and agreeing with each other. Biden snubbed Tesla, but didn't actually hurt Tesla. I didn't like the election outcome, think at least some of the new share price rise is as Herbert called it "a sugar high." but the tax cuts that are coming will put a lot of money into the market so the bump is valid. Indeed we live in strange times.
We need to put things in perspective here. You did a good job highlighting this but I get annoyed when Tesla and others say the tax credit isn't needed. Sure, Tesla doesn't need it BUT consumers are the ones who really benefit from it because getting $7,500 off at point of sales helps the consumer in a lot of ways. It was a deciding factor to buy the car in the first place. It may help in the amount you have to put down on the car or your interest rate going forward. I don't see Tesla dropping their prices because when I bought my pre-tax credit they had no incentive to do so and was still making twice as much profit as they do now. If the tax credit goes away then they remain the market leader because their current prices are either on par with the competition or a little lower. And as not everyone can charge on their network yet they still have that advantage. And if any of that infrastructure money goes away along with the requirements to get it, it may mean a slightly slower rollout to accommodate non Tesla cars on their network. They can drag their feet on this to keep that competitive edge.
If the prices get higher they can just keep them. There are cheaper cars from China flooding all over the world as well as from Stellantis and some other Korean manufacturers, which are cheaper or the same price as current Teslas.The price war will be fought all over the world. There is no real competition in US only.
Getting rid of the tax credit incentive will hurt adoption of EV's, even the Tesla brand, imo. I have a 2020 Model Y, was thinking of trading it for a 2025 model but if the tax credit goes away, so will my enthusiasm and will keep my 2020 model. Note: I didn't get the tax credit for my 2020 since the first round of incentives was phased out by this time.
I can see the tax break going away over time, but perhaps not immediately. It would seem smart to gradually phase it out as the next 18 months or so EVs will continue to come down in price so extremely, that with proper marketing, more people will understand the financial benefits. I would like to see every gas station have EV charges though as soon as possible - make the ubiquitous and people nervous about that kind of thing would get off the fence easier
Loving in a country that doesn't have a tax credits, but I do own a Tesla, I hope it means they will work on selling with lower margins. We don't need a glass roof for example. Make the car cheaper.
California passed the Low Carbon Fuel which also affects Nevada. Possibly 65c more per gallon. Finding a used Tesla on the West Coast is going to be difficult.
I find non-US EVs a good option compared to Tesla, but I wasn't impressed with other US EVs. But due to the tax credit for US EVs I only considered buying a Tesla when shopping for a new car (ICE and EV). I wouldn't have considered spending the price for an EV w/o the tax credit; not with what their current depreciation is.
The 2024 Acura ZDX and Honda Prologue both received an "acceptable" rating in the IIHS small overlap front crash test, preventing them from qualifying for the Top Safety Pick awards, with concerns regarding the performance of their front passenger restraints and headlight glare.
@ yes, Acceptable. Injury measures were ok but not the best. It did not qualify for Top Safety Pick or Top Safety pick plus so far below the Model Y which received the highest rating. It has not been tested yet by the European New Car Assessment Programme yet so will need to see how it performs in those tests.
Kinda hope the CT RWD would come in regular painted (silver) sheet metal and keep the stainless somewhat exclusive. Should lower production costs and the manufacturing line change should be quite easy.
Think yourselves lucky that you have any incentives, over in the UK we have zero government incentives and my MY AWD with tow hitch, white interior and blue paint cost me circa $71,000, the only incentive i got was 4yrs 0% finance, i even missed out on the 1,000 referral credit as it started up 4 days after i purchased the car.
Ending the credit/tax break will be a negative impact on BEV. Hybrids will flourish. With regards to BEVs, Tesla will manage as they can lower the price by 3K and still be profitable. However, the legacy auto makers will not be able to continue with a further drop in sales, or a lowering of prices. The BEV market will surely slow down significantly.
Worse than going back to 2019 imo for the US - local makers hit hard with the loss of incentives apart from Tesla (and Lucid?). And real competition held back by big tariffs on Chinese imports and likely little better for other imports as well.
I don’t think Trump will get rid of the tax credit but probably the mandates. Not because of Elon but remember he has an interest in supporting legacy auto and keep jobs in America. And we know legacy auto is having a picture of time making any money, even with the tax credit. There’s also a lot of companies that are moving here, including battery companies because of it. Of course I have to wait and see what happens.
So glad the US will return from the brink of socialism. I’m buying a new juniper when available no matter the state of government incentives/tax. When I buy a Tesla without an ‘incentive’ I’ll know that my fellow citizens will not have to pay a percentage for my car which is extremely unfair as the money comes from citizens.
The non Foundation Series AWD CyberTruck that is available at a base price of $79,990 and the IRA tax credit of $7,500 is not available immediately at purchase for retail customers? I have asked the Reps at a Tesla Service Center and they do not know why. The only reason I can think of is not meeting the Minerals requirement yet I believe 4680 batteries are used in the Model Y that qualifies for the Federal Tax Credit? I have been unable to find anyone with an answer. Are the Feds slow walking approval? There are people in my area (including me) that are holding off purchasing a Cyber Truck thinking it should qualify at any moment.
2:45 Tesla has a huge advantage over the rest of the industry, incentives mostly help competition catch up to Tesla, therefore Tesla has to lower prices, removing these incentives will be a huge advantage to Tesla, while this means higher prices for the near future, long-term mental health Tesla develop new technology and lower prices giving it an even bigger advantage over competitors
They changed something in FSD yesterday. And it's bad. Car now goes over the lines, follows too close and ghost brakes. It was really great until yesterday in my 2023 model Y LR. Help
Personally for me, I would've purchased my M3P regardless of tax credit. Honeslty I would've been better without it because I purchased too soon when I thought the money savings were more important. Remember, in the beginning, it was unknown which cars would apply and some were getting removed etc. I pulled the trigger, knowing that the Highland Performance was right around the corner after leaked images and videos. I ended up with a '23 in White (which I would've never purchased) instead of a Refreshed 24 M3P in Blue like I was intending on getting just to try to save some money. Either way I was getting a Tesla, but without the credit I would've got what I really wanted instead of settling.
If you think Tesla sales won’t be hurt by the removal of the tax credit , you’re delusional. Regardless of competition, I mean let’s face it, there really isn’t much of it, but the fact is, people can barely afford EVs today , it will be worse next year. Just dumb.
@@arkhos599if 7,500 bucks was stopping you from buying a car then I doubt you should have bought it in the first place. 7,500 bucks isn’t really a lot of cash.
Not sure how easy the administration can cancel IRA battery plant subsidies especially with most being in Red States and creating great employment opportunities, many plants are in construction, some nearing completion.
@FrunkensteinVonZipperneck I don't have that and have MY for 2+ years happily. People I speak to all mention it enmasse so I suppose it plays in people's mind.
Get up to $2,000 off a Tesla: ts.la/ryan51525
Ryan I was one of those on the fence. I finally pulled the trigger Friday night and I’m picking up my Model Y in a few hours. Below is the discounts I was able to take advantage of:
1k military discount
$500 referral
$4,085 inventory discount
$7,500 tax rebate
0% financing
I was initially holding out for the model Y refresh, but after waiting several years to purchase my first Tesla, I couldn’t walk away from these heavy discounted prices
What was your OTD price?
@ around 33k
@@carnellc nice...Long Range Rear-Wheel Drive? 19" or 20" wheels?
How did you get the $4,085 inventory discount?
The thing I learned with Tesla is that no matter how good it looks, it will always get better. But, cool, great price!
If EV subsidies disappear then make the oil and gas subsidies disappear
Remember Trump said: “drill, drill, drill”. Next admin heavily promotes hydrocarbons, not environment.
@ Exception to what?
If they scrap the IRA-regulation, it will be for all. Even if they are 110% American made. It will backfire.
@@hanswitvliet8188 There is more to it than that. The fact is, the world still needs oil and gas and still will for several decades. Given this, we have a lot of it so why should we and our allies by from our enemies. Not only is that not smart financially, our regulations have us drill far, far cleaner than anyone in the world. No one is stopping green energy builds and those will obviously continue, and they expanded significantly under Trump and our carbon emissions diminished as well. It is a smart move. As long as there is demand, we should fill it, not our enemies
@ Yet he is going to have Elon Musk work in his government........
@@hanswitvliet8188 If the world still demands a lot of oil and gas, until someday it doesn't, who better to provide it than the USA which extracts is a lot cleaner than everyone else on the planet? Also, why shouldn't our 'allies' buy from us vs our enemies?
Oil subsidies should disappear too
Get real. Big Oil owns Trump and Republicans. Oil subsidies and climate degradation will both continue unabated.
They won't
I was able to get a brand new model 3 lr from inventory w/ $3,300 price reduction, 7,500 tax credit, 1,000 loyalty and 1,000 military discount. Insane that I got a new car for 12k less than sticker price!!!
I didn’t know you can stack military with the loyalty 😭 I would of saved 1k
@@Joelo139 same here. I didn’t know they had an in-gallery incentive since I ended up getting one that was already inbound (AWD with all stock options).
They just started the military discount this past October. No telling how long it will be around. Don’t forget to check your state tax reduction and if you can register your Tesla under your business you can potentially get more. I got the same discount plus an additional $3000 from the state of Maryland.
Big mistake of Tesla to welcome the repeal of tax breaks. $7500 was one of the major catalysts to get me to pull the trigger and the other one was the .99% for 72 months. No tax break and I might have gotten something else. Its pricey for all the things you get or dont get compared to the competition. Teslas business to consumer tactics were never consumer friendly but more of a take it or leave it approach this will in the end taken with elons craziness will hurt the company.
I actually don't mind it. It will slow depreciation for Teslas on the used market, whereas now, the only Teslas that make sense to buy are new with full 7500 credit or used for sub 25k for 4000 credit, which are quite old/high miles and usually beat up because they were Uber cars.
Now there would be room for a market in between.
@@leok7193 purchasing depreciation is only a factor if you plan on selling or trading your car within 5 years. After that it flattens from 5 to 12 years you make money versus a lease. Ask anyone in finance after 5 years your car will pay you.
Tesla is trying to kill off competition
I seriously doubt that the tax credit is going away. The House majority is razor thin. All it takes is a few Republican Congressmen having a district with an EV manufacturering line (Tesla or not) and that bill gets shot down. The most that will happen I think is the made in USA requirements will be tightened SIGNIFICANTLY.
Bigger fish to fry!
It was extended until 2032. Congress would have to pass in order to change or drop it. Trump can't do an executive order on it. It's just media misinformation as always
I think it will. It is costing the government too much money. Elon has said this with an interview with Brownlee a couple years ago and if you ever watch Solving the Money Problem with Steven Mark Ryan. He just gave 10 reasons this is great today in his video. It makes sense there. Less than 20 minute video…
This measure works better than raising tariffs.
When those are raised absurdly high, China will respond accordingly, and ultimately the us buyers will pay the price (not just cars)
@@hanswitvliet8188 I honestly think the biggest things this will effect are things like Temu and Wish. Leveling the playing field by making our tariffs the same as anything we send to China shouldn’t change much going out, as they are already pretty high. Things leaving there that come here will go up in price, but this will incentivize those Chinese companies to build factories here and use American workers or not sell as much here. It might also be a cause for more being built in Mexico. This would be from us and to us. Those tariffs into both countries (US and China) aren’t terribly high right now and this is why Tesla was debating a factory there and many Chinese companies are already working on it.
Just picked up a 2024 Model Y AWD for $38,200. Blue exterior, 19in, and white interior. It was a demo vehicle with 288 miles. They go quick but caught one!
Omg I was looking at that one and wondered where it went lol
How is ending the ev tax credit “accelerating the world's transition to sustainable energy”?
Not taking a side, but the theory is that subsidies slow progress and innovation not expedite it. EV's are only viable because of Tesla. Other automakers have been very unwilling to vertically integrate (not sure it isn't a fad). Without the subsidies (or even with them it seems) non-Tesla automakers have to innovate cost out rather than government prop ups. It's been over a decade. How long to subsidize it? OIl and gas subsidies aren't in the same hemisphere due to global impact and foreign relations, but they should go too.
That is not a Question. If you hurl an insult, at least try to be honest - with yourself❤
@@FrunkensteinVonZipperneck do you have an answer or you’re just gonna cosplay an Internet therapist?
@@Solar750 subsidies allow consumers to get in an EV instead of an ICE vehicle. If manufacturers see a down trend in EVs they are definitely not going to invest nor innovate in this segment.
@@Dalisu87 I agree that's the theory. In practicality, it doesn't work that way. EV's are $20-$25k more than equivalent ICE (and still not profitable while ICE are). $7.5k isn't getting anyone into EVs that wouldn't anyway. It lowers the burden for people that were already in that space. EV's are not on par with ICE cars even with subsidy.
Tesla will suffer if the tax credit goes away.
the competition will suffer more... It's not that complex.
The tax credit is a major factor for me and the EV models I am looking at for next year. I would imagine I’m not alone.
I seriously doubt that the tax credit is going away. The House majority is razor thin. All it takes is a few Republican Congressmen having a district with an EV manufacturering line (Tesla or not) and that bill gets shot down. The most that will happen I think is the made in USA requirements will be tightened SIGNIFICANTLY.
@@Nathan-ty6fd Any Republican who goes against Fearless Leader's program will immediately become an enemy of the people and will be primaried in 2026. There goes their political career.
@@Nathan-ty6fdnah I think its a wrap by the mid to end of 2025…but we will see.
People on the fence are gonna move quick this quarter. But all in all people are gonna cry about it but also still gonna buy and have short memories. They will get over it and then still sell to those that cant afford it..Plus when the middle east has its next uproar and it always does , gas will spike as it always does and those that drive to work everyday …will all start leasing them as many people do when they cant afford the car outright.. Tesla will be just fine. Plus more so than the 7500 bucks is the ability to offer 0%, .99% and these low interest rates..
@ I agree with your take on the majority of buyers. Reads like a playbook, you should revisit your comment in two years, I bet you’d be surprised. Hopefully you’re wrong but I can see this coming to fruition.
Bought a new model Y performance last month and I absolutely love it. It’s my third Tesla but my first Tesla SUV. I have other cars, but the cost of ownership is next to nothing. 👍👍
With the frequent software updates the older model Ys will still be relevant, but cooled/vented seats and restyling are definetly a game changer!
Attraction, for me, is AI5; otherwise, my 2023 MYLR is fine. Future-proofing is important for my situation.
In regards to the tax credit, the tax credit is an increase in money supply. When there is an increase in money supply and limited number of goods, the prices drive up. Ending the credits will drive EV prices down but not immediately.
The tax credit is a gift to the car seller, not the buyer. The buyer charges what the market will bear. I.e. without tax credits it used to be a 35K car. With tax credits suddenly its a 42K car. The net is nearly the same.
Took my wife's model Y to Service here in Tucson yesterday and there are a LOT of model Y's and Cybertrucks on the lot ready for sale. Not sure how they can sell all of them when the new Y comes out. Leasing any vehicle for 999 a month or more is absolutely insane. If a person like myself, can not afford an 80,000 truck you should not buy one.
I will take your advise, thank you. Tecomas are down to 40K
Almost no one who “buys” a Ford Raptor can afford it…
"If a person like you cannot afford a $80k truck I shouldn't buy one?" Since when what you can afford or not afford affect me? Are you OK? WTF
Guys… car payments in the 1000s… does not look good 💀
I don't see any models marked down $8k on the website.
Picked up a 2018 M3 LR w/FSD, PC, 80k miles. For $14k after the 4k credit.
7:35 bruh this comes out to 47,500 for 3 years.
Just pay the extra 32,500 to own it for life.
Yeah the depreciation is gonna hit you really hard, but the banks and manufacturers arent dumb, they factor in expected depreciation when they do these things.
Leasing is by far the most expensive way to own a vehicle and its only sometimes with very fast depreciating EVs is it an okay choice.
Buying these super fast depreciating EVs is already a bad idea so leasing them isnt a great idea either.
Tldr, buy a 3 year old model for 1/3 the price
It wont be 1/3 the cost to own because a 45k plaid wont depreciate as fast as 100k plaid. It will be way cheaper to own
Ryan did stipulate that he was talking about those who are looking at the monthly payment. Although I do wholeheartedly agree with you, Ryan’s advice is more geared toward those who make bad decisions.
@phych yeah I guess, Leasing is a bad idea unless you're going to make a bad car purchase, then it's slightly less bad.
Just to be clear I'm not saying EVs are a bad buy, just that they depreciate really fast and that makes it financially unwise.
The automakers that are not making money on EVs are not short just $7,500. They are WAY off cost to make vs sale price. Losing the tax credit won't really matter because the profitability problem has to be fixed anyway. The credit is not really the issue for legacy brands it's undoing the poison they cast in the well by spreading lies about EVs. That crap got socialized and now it's going to be very difficult to say "things are different now".
Front camera would be huge. I have a 2024 Model Y and find it to be the hardest car to park that I have ever owned. Every time you park near something you get a warning saying parking sensor is degraded. Tesla vision sucks. NormaL parking sensors are great. I notice Ryan never talks about this.
Really? My 2022 Model Y is the easiest to park car I've ever had. Between rentals, company cars, and cars/trucks/buses I've owned, that's well over 100 vehicles. Tesla vision is amazing. The hardest to park vehicle I've ever had was a Ford F-550 with a 48' car carrier.
Monthly payments north of $1k/mo is insane. I don’t care about ‘no gas’ or ‘no oil changes’.
Even with all the "discounts" they're still super expensive. I'd rather lose the stupid tax credit and actually have an affordable Tesla model.
Losing the $7500 rebate I think is a horrible decision, no matter what Elon thinks. Sure Tesla will survive either way, but what incentive is there to get a EV then if you don't get a $7500 discount? Climate change is a real thing and driving a EV you still have to make decisions you don't have to with an ICE vehicle, public charging being a huge one.
getting rid of the tax credit is purely a political statement. trump supporters typically don’t like electric cars and it’s just the administration making a statement that they don’t care for EVs
you are doing a really good job IMO. I couldnt watch you last year or two ago. Thanks, peace
As for my plans, I think I'll look at the pricing on the Juniper once it is out and settled down a bit. If it gets under $50k then I can trade in my 2022 MYLR, getting something like $25k if there are buyers from used inventory who are attracted to the low price. We'll see.
If the Juniper price goes low then it will push down earlier models prices mechanically.
I'm excited to finally break-down and buy an electric car when this is released. For our current driving needs--and following patterns/trends--an electric vehicle seems to make the most financial sense. As well, the technology in a Tesla seems to be quite advanced. Thanks for your informative videos my brother 💪
No lidar and no radar, iow no working fsd. Don't want it
Tax credits are a bit of a shell game that benefit the car companies more than the consumers. Taxpayers should not be subsidizing the industry. It will all shake out in time…some companies will survive others will not…that’s free enterprise.
Ryan, I’m a long-time listener and hugely appreciate the reliable, straightforward content you provide. I’ve owned a model y for over a year and am generally happy with it, reserving three significant complaints. But in the months since I purchased, EM has made himself so noxious, so toxic, so utterly and ubiquitously despicable and stupid that I cannot bring myself to buy another Tesla product. I’ve tried to convince myself that he’s not the company, but he thwarts that self-delusion at every turn. I suspect I will trade my model y in the next year or two on an EV from Volvo, Polestar, or Hyundai.
Another good video. Thanks Ryan, I'm thinking of upgrading my 2020 Model Y LR all wheel to a new.... Model Y LR all wheel! I just learned that there's no path to Hardware Level 4, and some of the newer features are very compelling, cooling seats, quieter interior, better suspension! biodefense mode air filter!!!, and my FSD will transfer. Now, I think I'm going to wait for Juniper. That front camera.... I replaced a tire and wheel because FSD drove right over a huge rock, costing me $1200. (I was looking at the way you would if another person was driving. Of course they aren't going... cachunk! ) Maybe the extra camera.... My biggest worry is not the tax credit, but transferring my FSD. I'm willing to bet that'll still be on offer, but maybe a couple of months after Juniper is first released. In the meantime I'll still have the best car ever made.
Please don't buy into that new nonsense that somehow Tesla is finally going to do well because of the election. Tesla was always going to do great. The biggest constraints on Tesla are delays, interest rates, and battery development (which seems to be well in hand.) But another huge constraint is most people still have no clue about Teslas. Non of the Trump voters I know or spoke to say they have any interest in a Tesla or any other electric car. Short range, fire danger, battery needs to be replaced every couple of years.....
Lower the price of any consumer car $7500 and a lot more are going to be sold. So yes the elimination of the EV Tax credit will if not hurt Tesla, reduce the number of sales that would've happened with it.
(We all saw a few of the Tesla RUclips channels immediately launch 45 minute videos carefully explaining why "On day One I will eliminate the EV tax credit," won't hurt Tesla. "The lady doth protest too much, methinks." ) A discount is a discount is a discount. And all that nonsense about Biden's (foolish snubbing of Elon and Tesla) and 'over regulation of Tesla' Huh?? Some of our friends are creating myths and agreeing with each other. Biden snubbed Tesla, but didn't actually hurt Tesla. I didn't like the election outcome, think at least some of the new share price rise is as Herbert called it "a sugar high." but the tax cuts that are coming will put a lot of money into the market so the bump is valid.
Indeed we live in strange times.
I don't see how they can eliminate the tax credit until the 2026 tax year.
The Model Y needs to improve materials and build quality. The look counts up to a certain extent then it’s all about quality.
Is clear-wrapping my new Model 3 worth the expense to protect the paint?
We need to put things in perspective here. You did a good job highlighting this but I get annoyed when Tesla and others say the tax credit isn't needed. Sure, Tesla doesn't need it BUT consumers are the ones who really benefit from it because getting $7,500 off at point of sales helps the consumer in a lot of ways. It was a deciding factor to buy the car in the first place. It may help in the amount you have to put down on the car or your interest rate going forward.
I don't see Tesla dropping their prices because when I bought my pre-tax credit they had no incentive to do so and was still making twice as much profit as they do now. If the tax credit goes away then they remain the market leader because their current prices are either on par with the competition or a little lower. And as not everyone can charge on their network yet they still have that advantage. And if any of that infrastructure money goes away along with the requirements to get it, it may mean a slightly slower rollout to accommodate non Tesla cars on their network. They can drag their feet on this to keep that competitive edge.
If the prices get higher they can just keep them. There are cheaper cars from China flooding all over the world as well as from Stellantis and some other Korean manufacturers, which are cheaper or the same price as current Teslas.The price war will be fought all over the world. There is no real competition in US only.
The Model 2 needs to be built with a steering wheel.
Not gonna lie, I had no strong feelings about Juniper (aside from the vented seats) until seeing the front bumper cam. That is sorely needed, I think.
I'm waiting for the juniper to drop before.i buy. If there is no tax credit I probably won't buy it unless there is a price drop around 7kish
Always appreciate your insight.
What happened to the millions of Cybertruck pre-orders? It sounds like they are already past the list and into normal sales …..
Wouldn't be shocked if the sweeping light bar will be on the performance model only
Our boy Trump killed it Ryan!!
Elon is going to create his monopoly by destroying the competition by helping to remove the tax credits lol
Getting rid of the tax credit will be a net negative for all non Tesla EV’s
Just watch the episode he dropped in June. He basically says sane thing.
TSLA 321$ 💰...
I’ve made a mint!!
Ending the Federal Tax Credit will cause the sales of EV'S to crash.
FSD is supposed to avoid a Sales crash…🎉😂
Getting rid of the tax credit incentive will hurt adoption of EV's, even the Tesla brand, imo. I have a 2020 Model Y, was thinking of trading it for a 2025 model but if the tax credit goes away, so will my enthusiasm and will keep my 2020 model. Note: I didn't get the tax credit for my 2020 since the first round of incentives was phased out by this time.
Telsa needs to make a compact non-robotaxi.
I hope someone plugs the Juniper leaks - before the next flood 💦🌊💙
Getting rid of the tax credit when never affect anything I have never qualified for it and I've been a Tesla buyer for over 6 years
Well, for the rest of us making less than $150,000 annually, we envy you, lol
This cat, who no one knows or cares to know, is simply flexing.
Tesla refresh = back light bar, inside light bar on the dash, rear small screen for rear occupants, slightly different battery, no stalks.
If there's no camera / cameras on the front bumper, there will not be another purchase / lease of a Tesla by many folks
Looks like a Chinese car now.
I can see the tax break going away over time, but perhaps not immediately. It would seem smart to gradually phase it out as the next 18 months or so EVs will continue to come down in price so extremely, that with proper marketing, more people will understand the financial benefits. I would like to see every gas station have EV charges though as soon as possible - make the ubiquitous and people nervous about that kind of thing would get off the fence easier
btw. Can the Car mfg's that announced support of Tesla chargers, use all chargers or just a subset of them? Just curious
Loving in a country that doesn't have a tax credits, but I do own a Tesla, I hope it means they will work on selling with lower margins. We don't need a glass roof for example. Make the car cheaper.
California passed the Low Carbon Fuel which also affects Nevada. Possibly 65c more per gallon. Finding a used Tesla on the West Coast is going to be difficult.
I find non-US EVs a good option compared to Tesla, but I wasn't impressed with other US EVs. But due to the tax credit for US EVs I only considered buying a Tesla when shopping for a new car (ICE and EV). I wouldn't have considered spending the price for an EV w/o the tax credit; not with what their current depreciation is.
Ryan, the prologue did not do very well in crash tests
The 2024 Acura ZDX and Honda Prologue both received an "acceptable" rating in the IIHS small overlap front crash test, preventing them from qualifying for the Top Safety Pick awards, with concerns regarding the performance of their front passenger restraints and headlight glare.
@ yes, Acceptable. Injury measures were ok but not the best. It did not qualify for Top Safety Pick or Top Safety pick plus so far below the Model Y which received the highest rating.
It has not been tested yet by the European New Car Assessment Programme yet so will need to see how it performs in those tests.
Kinda hope the CT RWD would come in regular painted (silver) sheet metal and keep the stainless somewhat exclusive.
Should lower production costs and the manufacturing line change should be quite easy.
No RWD - EVer…
@ I second the motion.
For some reason I don’t get it. 7500 it’s a tax credit for lease a cybertruck ?
Please Tesla save the money on the light bar and bring back the stalks.
Tesla doesn’t need that credit. The so called competition needs it more.
Think yourselves lucky that you have any incentives, over in the UK we have zero government incentives and my MY AWD with tow hitch, white interior and blue paint cost me circa $71,000, the only incentive i got was 4yrs 0% finance, i even missed out on the 1,000 referral credit as it started up 4 days after i purchased the car.
Ending the credit/tax break will be a negative impact on BEV. Hybrids will flourish. With regards to BEVs, Tesla will manage as they can lower the price by 3K and still be profitable. However, the legacy auto makers will not be able to continue with a further drop in sales, or a lowering of prices. The BEV market will surely slow down significantly.
Really informative episode... watched it twice. SoCalFreddy
1000 a month for a rolling shinny lunch box is as 2024 as it gets
How much would you pay for photos of the new model y showing the updated front and rear?
How to get an inventory discount? Do i need contact tesla store and ask?
From the inventory page on teslas website
It is on their website
Used cars will cost more is tax credits removed , it’s good for Tesla owners now
Looks like Tesla is also opening a showroom in the Philippines. They will also have to build a supercharger network there.
Worse than going back to 2019 imo for the US - local makers hit hard with the loss of incentives apart from Tesla (and Lucid?). And real competition held back by big tariffs on Chinese imports and likely little better for other imports as well.
I’m just hoping they don’t make it look too futuristic and “electric-y” looking.
Is the Hyundai Inster/Casper coming to the U.S.? Looks like it’s heading to Europe.
So far - nope.
That lease is very expensive.
You’ll pay $50k for renting the base cybertruck for 3 years. Yuck!
It’s going to take a while to get rid of the tax credit.
The render with the light bar reminds me of the new Toyota Crown.
It’s a RENDERING, not ‘a render’. You draw a drawing, you render a rendering. It’s a rendering.
From the back … it’s a rear render😂
They have the senate but the house has not been decided.
Keep EV credit for American made vehicles only, tariffs on imported autos
Could you add elons full pov for subsidies ending: not just for ev but for oil too.
Any idea when we can order Model Y Juniper in US ???
Paying a grand a more for a monthly car payment is crazy
You don’t know any DYGs* with F-150s.
*Dumb Young Guys😂
The lightbar should happen because visibility with nighttime driving is essential because more and more potholes are camouflaged at night
The lightbar has nothing to do with visibility. The actual headlights are down below.
I don’t think Trump will get rid of the tax credit but probably the mandates. Not because of Elon but remember he has an interest in supporting legacy auto and keep jobs in America. And we know legacy auto is having a picture of time making any money, even with the tax credit. There’s also a lot of companies that are moving here, including battery companies because of it. Of course I have to wait and see what happens.
Noted: November 2027 I should be able to purchase a used cyber truck
So glad the US will return from the brink of socialism. I’m buying a new juniper when available no matter the state of government incentives/tax. When I buy a Tesla without an ‘incentive’ I’ll know that my fellow citizens will not have to pay a percentage for my car which is extremely unfair as the money comes from citizens.
The non Foundation Series AWD CyberTruck that is available at a base price of $79,990 and the IRA tax credit of $7,500 is not available immediately at purchase for retail customers? I have asked the Reps at a Tesla Service Center and they do not know why. The only reason I can think of is not meeting the Minerals requirement yet I believe 4680 batteries are used in the Model Y that qualifies for the Federal Tax Credit? I have been unable to find anyone with an answer. Are the Feds slow walking approval? There are people in my area (including me) that are holding off purchasing a Cyber Truck thinking it should qualify at any moment.
I thought the 7,500 is automatically deducted from the selling price of the vehicle.
2:45 Tesla has a huge advantage over the rest of the industry, incentives mostly help competition catch up to Tesla, therefore Tesla has to lower prices, removing these incentives will be a huge advantage to Tesla, while this means higher prices for the near future, long-term mental health Tesla develop new technology and lower prices giving it an even bigger advantage over competitors
@@Alperic27 only people without brains, good arguments and with huge insecurities feel the need to use insults. I hope your life gets better soon.
They changed something in FSD yesterday. And it's bad. Car now goes over the lines, follows too close and ghost brakes. It was really great until yesterday in my 2023 model Y LR. Help
Personally for me, I would've purchased my M3P regardless of tax credit. Honeslty I would've been better without it because I purchased too soon when I thought the money savings were more important. Remember, in the beginning, it was unknown which cars would apply and some were getting removed etc. I pulled the trigger, knowing that the Highland Performance was right around the corner after leaked images and videos. I ended up with a '23 in White (which I would've never purchased) instead of a Refreshed 24 M3P in Blue like I was intending on getting just to try to save some money. Either way I was getting a Tesla, but without the credit I would've got what I really wanted instead of settling.
Timing is everything... For me it was the tax offset.
7500 down on a lease is crazy
Are we really going to speculate the tax incentive is going away because of the election?
Paying over 1k per month for a car that’s not even yours it’s the worst possible financial decision of your life
Unless you have a business. Canada tax rules allow 100% write-off in the year a Cybertruck is purchased. Pretty good payoff 💵💸
If you think Tesla sales won’t be hurt by the removal of the tax credit , you’re delusional. Regardless of competition, I mean let’s face it, there really isn’t much of it, but the fact is, people can barely afford EVs today , it will be worse next year. Just dumb.
Without the tax credit - I would not have purchased my 1st and 2nd Teslas. I'm just one guy, but your words ring true to me.
@@arkhos599if 7,500 bucks was stopping you from buying a car then I doubt you should have bought it in the first place. 7,500 bucks isn’t really a lot of cash.
$7500 definitely affects my decision to buy or not.
Another keyboard CEO who knows so much better than Elon.
Tesla’s fit and finish is terrible as their service as of late. Take away the $7500 tax credit and it makes it very unappealing
Not sure how easy the administration can cancel IRA battery plant subsidies especially with most being in Red States and creating great employment opportunities, many plants are in construction, some nearing completion.
People want 500 mile per charge and 10m charging ev. Else range anxiety folks always wins argument
Chargers are not psychologists- who can actually help you manage your anxieties ❤
@FrunkensteinVonZipperneck I don't have that and have MY for 2+ years happily. People I speak to all mention it enmasse so I suppose it plays in people's mind.