Tesla cuts prices in Europe, U.S., the Middle East, Africa and China
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- Опубликовано: 8 июн 2024
- Tesla cuts prices in Europe, U.S., the Middle East, Africa and China
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#tesla #price #europe #usa #middleeast #africa #china
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The man who pushes the stocks refuses to talk about the negatives and the layoffs. Amazing.
I work for an even bigger tech company that exceeds wallstreet expectations and every quarter we have layoffs. It’s just standard operating procedure.
LoL
This is what I expected.
He did talk about it in a previous video, said that if the layoffs were true the he will close his channel,,,, 😅
With his rockets he felt things were stuck, laid off engineers, things took off and were very successful.
He promised if Tesla lay off he'll cut the channel and he is still pumping. Hahaha.
No price reductions here in the UK, no government incentives like the US, limited and expensive public chargers, overall poor show to aid EV adoption 😢
Hence why EV adoption has stalled in the UK. EVs costs are off the scale. The cheapest base Model Y is $55k USD!
The Irish prices for the identical car are much lower than in the U.K.
rip off Britain.
I’m sorry to think that in the U.K. they don’t really want EVs. Not for everyone. If you are wealthy enough, okay. But when your old petrol car dies, it’s on your bus or bike mate ……
@@sullivanrachael Nonsense! Let's face it... every petrol or diesel car is going to live for twice as long as your battery.
That's the beauty of competition. The consumer is the winner.
West will put tarriffs on Chinese EV.
US is ruled by Oil giants and other private companies. An Empire with a facade of democracy. They lobby politicians to make rules. They literally made entire USA an ugly car centric place. Chinese EVs in USA are manufacturered in Mexico. Maybe they'll force Mexico to stop giving subsidies to Chinese EVs.
Americans can't get anything good or cheap
not really. the resale value crashing makes it an issue for many consumers to even consider EVs that's why the EV sales are slumping all around. you then take off the federal ev credit in US, EV adoption will collapse including the tesla market cap .
@simplyharshad at least slow down.
Same as a beauty competition 😂
109% everything’s beautiful in its own way
At the rate of cost reductions, the Model Y will be getting closer to $25 by the time the Model 2 would have come out.
Seriously, 25k for what seems to be a bare bones 2 seat car. Better off buying a slightly used model 3 for the same price.
@@zahf6484do you really believe that the model 2 will be a 2 seater.
Not a chance in hell of that happening.
Model 2 is canned..
@@grantbuttenshawnope. Model 3 is brilliant though.
“In between growth waves.”
As Sam said no one knows anything.
As history suggests, this company is a disruptor and always will be.
Their pricing does upset many. How would you like to have paid $12K for FSD, say two weeks ago?
EXACTLY.
$35,000 after incentives is not “affordable” for most people, and very few people care about FSD.
Facts
Most people don't buy a new car of any kind.
Tesla sales down 50% of course price cuts and more price cuts coming
Oh wow a 87k car now 82k 😯 what a deal!!
I can’t even buy a hub cap
a falling tide lowers all boats
Still way overpriced , do not buy as they will be reducing prices even further .
Yes, with fewer mechanical parts, the decreasing battery costs could allow EVs to be less costly to manufacture - except inflation pushes battery costs higher. Anyone can afford a big flatscreen TV in 2024 but it took years to get there.
Any 1,000 pound battery will remain costly - it's the elephant in the room - major weight reduction must come.
What are you gonna do then… Walk everywhere ?
ABSOLUTELY with more batteries made just as electric Viking said 24 months ago
@@IverKnackerov execrise is healthy.
in portugal it has been 41k for the model 3 for a while, last week it was 39k in inventory
Sticking with my i30 CRDi, Brisbane to Sydney with 7.5 litres spare.
Yep, last year, in June, California, Model Y long range, $54990. Today, $47990. Before the $7500 tax credit.
Same here in Colorado - except our state also gives $5000 off, not just the Federal $7500. With fuel savings that brings it to just under $30k (but registration and taxes will come of the full amount, so be sure to keep that in your calculations.
Not sure how anyone can ask for a $56B salary when laying off 10% of your workforce.
I mean, let’s say that 10% equates to 10k workers (I don’t know actual number). If the average salary of each worker is $75k, that’s a cost of $750m/year.
So, it’s okay to cut 10k jobs with the snap of the fingers, even tho their total salary would be around 1.5% of his personal salary??
Want to know why so many, even in the US, have come to question capitalism in its current form?
This. It’s gross. In no world should a single person make $56B/year while 10k workers at a total cost of $750m/year are axed. Again, gross.
$56B is $1.4M per laid off employee. It’s disgusting that anybody at a publicly traded company makes such an amount.
@greghelton4668 it was for 5 years of work, and only if specific metrics were met. That no one thought were possible. As it stands he gets paid 0 for those 5 years because a judge said high pay is bad, democracy also bad. Shareholders voted for the pay package. Now we ll vote for it again and owe 5 billion to lawyers. Great.
It's shares not cash and typically you can't sell them untill they vest which can be years...
That "Salary" was A Done Deal in 2022 at the latest!Get your Facts Right Before Showing Your IGNORANCE!
@@ottkei same logic isn’t it? The lawyers are working according to established rules. Musk will probably win his package back but it doesn’t make it right. He missed target after target, except for the stock price that is now reflecting a fairer price. If he were selling founder’s shares I would have no issue. He is now the CEO of a company with tens of thousands of owners and it’s wrong for one person to take so much capital out of a company while threatening the company he runs.
Tesla cuts prices! So what, car manufacturers have been doing this for years. The only difference is that the direct to consumer model is more obvious. Traditional franchise agreements hid behind list prices whilst dealers were given thousands of dollars of incentives to register units. Customers benefit both ways. It’s just more visible with Tesla.
Tesla are the fastest depreciating cars of all car brands.
"The study looked at over 1.8 million used cars sold and found that on average, Tesla vehicles are depreciating at a much faster rate compared to other brands. Specifically, the study shows that Tesla models are losing value almost 30% year-over-year."
Where did you read this.? @@sophieedel6324
@@sophieedel6324Tesla had the least depreciation out of almost all electric cars.
As a brand they hold the most value in the 2nd hand market vs all electric brands
@@grantbuttenshaw sure tesla bot, studies say otherwise
@@sophieedel6324 name a single car maker that has a better electric car resale value...ya dummy.
Does anyone think an Accelerator pedal being stuck at full power is a “Minor Thing” ?! On a 3ton 300+hp truck ?! Really😂
If that happens just press the brake and did you know Toyota Prius also had this same issue before.
Who decide on the car based on it have self driving functions? I love to drive, my car have many of these functions but i do not use it, if it was free it could make me choose tesla, but it cost a LOT! of money?
It only makes sense.
Tesla cars need a refresh. Most look dated and haven't had a redesign since the original release. Especially the model S. People want want to spend money on old designs.
Also Tesla share price down 40% sales also down. So they need to do something.
Model S had two refreshes since its release
@@alecshoemaker5908
It looks virtually identical. Its silhouette is virtually identical.
Most cars get a minor refresh every 3 years and major every 6. Most car reviewers call it stale.
Some classics such as the Morgan or the original Beatle didn't. But the model S is in competition with cars that look fresher.
Squeezing an extra 0.1 off it's 0-60 is pointless.
I'd rather pay 25K than have a refresh! ❤
@ForbiddenPlanetB You can add in-expensive dash add-on if one wants the bells and whistles..
I can’t see any price drop in Finland, what are you talking about everywhere?
They developed a 25k car! It is the current model Y with a fair price! 😅😅😅
In their desire to gain new customers, they are sacrificing their current customers who are losing tons of value
Small fee for being first adopters
@@sparkysho-ze7nm, it’s not so small. For many it’s 40-50% depreciation after 3 years.
Love the videos. Big fan. FYI. There’s no plural of Euro.
It’s 41,000 euro. Not euros.
Just saying. Keep up the great work.
Depends on your language, dude! 😂
Nice, I just checked the Tesla website for the Netherlands for a model Y and the price INCREASED with 2.000 euro. These EV prices keep jumping up and down almost every few weeks.
Even TSLA stocks are selling at a discount! Still quite pricey though
I am not seeing a price cut here in USA ( Florida) ..keeping an eye on Tesla Y LR white/white..no reduction as of today
In an effort to reduce the pain to Tesla owners who've seen the price of their car's used value plummet overnight, Tesla will send each owner a jar of Vaseline. Thus, when the owner bends over and grab their ankles when they sell their car it won't hurt so much.
Nothing at the moment in Spain about this cut…
got me looking at the Tesla Canada site. We get Chinese made model 3s and California made model Ys. The 3 and the Y are now very similar price but the 3 gets 10% more range for that price. Is that what the refreshed model Y will be like? Is it the CATL batteries? People who paid for full self driving yesterday will be pissed lol.
The real reason - as I've been predicting for years - is that Tesla is running out of customers wealthy enough to buy them. It's not enough to want a Tesla, you have to be able to afford one as well.
Are you looking forward to the Q1 earnings mumblefest tomorrow?
Teslas are 2nd cars for high income households.
@@timothykeith1367 true
It’s gonna be a shit show
No price cut in Canada yet
Tesla are in deep troubles
No price reduction in Canada as usual
As soon as petro/gas prices go up all BEV will be Hot again. ⛽️ cycle
If gasoline were $10 gallon, fuel is still less costly than any new car payment. The 1990s Japanese cars and trucks can be maintained virtually forever. I think some Tesla owners spend more on new tires than I spend on gasoline.
My $1,000 Geo Metros can be tweaked to get 60+ mpg - better than most hybrids with basically lawnmower technology. The majority of vehicle owners won't do what I can do because hand crank windows and stick shift is not for them. As I age, I don't drive as much.
A Prius needing a new battery is also cheap to operate as unlike an EV a replacement Prius battery is a relatively low cost repair. But a Prius won't beat the fuel economy of the Geo Metro. It will be a nicer and safer car.
If beater EVs were considered DIY repairable, then I'd consider an electric car. The Tesla battery is welded into the structure of the car, whereas the Prius battery is suitcase-sized and not difficult to rehabilitate. I'm seeing dinged-up and neglected looking Teslas, but popular sites like Rockauto.com cannot supply meaningful Tesla parts in 2024. That means Teslas are likely to continue to see poor resale value as 3rd party support is critcally lacking.
When did gas go down?
@@timothykeith1367 you said everything mate “I own a Geo Metro”
Name a hot ice car! 😂👎
Definitely, but only those that are affordability priced.
High gas price don’t affect the well-to-do that much.
I need a cut in Canada too.
What, isn't a 5 percent reduction sufficient? 😅😅
No UK reductions 🤔
Wait a few days and grab a bargain
Dont buy Tesla buy Rangerover insead or Jaguar I pace
FSD is making great progress. Tesla should allow owners to add FSD to a second owned Tesla family vehicle at a discounted price.
Someone that has purchased FSD should have a transferable license and be able to use it on multiple family vehicles.
Why has there been such a long delay to updating or refreshing the Model S and X interiors with the new ambient lighting.
Many people are holding off buying a new Model S or X while waiting for the new features. Why the slow roll out ?
The focus on FSD is great but the cars need timely updates to their features. The slow roll out hurts sales.
New features need to be rolled out promptly and not dragged out. The lack of focus on the Model S and X is hurting volume sales.
All the costs for research, development and amortization of manufacturing equipment for the S and X should be written off by now.
It is time to lower the prices of the Model S and X to reflect the reduced costs and increase sales volume. Glad to see the price drop by $2000
Should be more like $5000 drop. You need to be able to pick a desired exterior color and interior color and still be eligible for the IRA $7500 tax cut.
Missing out on the $7500 tax cut because you chose to pick an exterior ($1500) and interior color ($2000) is just crazy.
Model Y still starts at $54,990 in Canada
Ya, model 3 basic is still 54000$ Canadian, needs to drop another 20 grande
Exactly. The average Canadian household income is $70,000.
$54,000 is out of their price range. However, lowering the price of the Model 3, which hurts existing owners, is not the way to go. Put the Cybertruck on hold, and focus on the Model 2.
All automakers change prices constanly. Tesla it's only more transparent about it
Tesla 2018: Our master plan is to get other automakers to make EVs. - Tesla 2024: Oh, $#!% ...it worked.
It also said in the master plan to make EV’s more affordable.
True
Price drop in Ireland for the model 3 just before I get my car, and I got a new invoice today.
The problem s not that Tesla car are too expensive compared to similar spec cars. The problem is that Tesla does not offer a full range of specs. They are missing out on the buttom halft of the market.
I just checked: here in Colorado the long range Model Y AWD is just under $30k thanks to $5000 from Colorado plus $7500 from the Feds, including Tesla's estimate fuel costs. ($48k without).
No change in Canada, where price was up CDN$1000 on the Y LR since our purchase in March. And I'll be dissappointed if they bring out the new updated Y before the end of 2024. The messaging to sales people that it would not be earlier than 2025 was what prompted us to buy now. And as for FSD, I was offered a free trial on my 2022 M3 RWD,. After it cut into the centre of a roundabout, then booted off down the road at 75Km/h (and accelerating when I disconnected) in a 50km/h zone on the first drive, I decided to forgo a subscription.
Model 3/Y RWD & LR all dropped by $3,000 today here in Australia
NO! No price change in Ireland.
Your price is much lower than the identical car in U.K.
no p cut in canada........................why
Tesla knows how to save costs,uses similar engines in different Tesla model 3 and Tesla model Y cars,and only a program is enough to increase their power or range
They know a thing or 2 about sandbagging too
Reuters said………. tuned out
No changes in The Netherlands .... €43990 including all tags and taxes. Plus, for non-business buyers, a €3000 subsidy (for EVs under 45K, but before registration/tags costs).
Still £39.990 for a model 3 in 🇬🇧
And much cheaper for the same car in Ireland
Now 38500 euro in Ireland
€38,600 now
@@markbrowne8447 still £39,990 🇬🇧
29k after intensives for model Y in the USA. It's crazy.
In the UK the pricing policy seems to be make it as expensive as possible and not to reduce ever 🤔
Wow Viking, you really nailed this one. Seems to be falling in Reali with exactly how Tony Seba predicted it would go. I’m on my second EV a Tesla and I love it. Could never imagine going back.
How much did your previous Tesla sell for ?
There in lies the problem. What did you pay for your model y 1 or 2 yrs ago . If after 3 or 4 yrs later I want to upgrade to a new model y can I afford it cause my trade in isn’t worth sqwat
I’m happy for you. However, EV’s are only practical for people who drive 60 miles or less daily, and have cheap home charging. For the rest of us, they’re a challenge.
Tesla profit margins are decreasing even more! 😂😂😂
They are still the most profitable EV company on earth. Would you rather they increase their profits? No thanks
And all is gained back through subscriptions. Fine by me.
We love our EV. Tesla model 3
@@daveblock You clearly know nothing about EVs. Best to stay quiet
@@daveblock 17 min to charge on Tesla supercharger.
FSD is both amazing and flawed. It is not perfect so the steering wheel and controls must stay as well as the driver. The flaws are significant and you can't fix them yourself. It will make the same mistake over and over. And speeding is not without consequences.
This idea of paying for a capability that never comes is beyond me. I love driving the car and am very happy with it.
Who needs FSD anyway? People who are drunk and don't want to pay for a taxi?
@@stefan2796 Incompasitated, people, and people who own taxi, bus, and trucking companies.
We all would benifit if the roads got safer.
Tesla should just speed up the Juniper upgrade out sooner to increase the sales instead of waiting for 2025
I’m curious about them dropping enhanced autopilot in the US. I’m hoping that it means that some of those features will make it into the standard autopilot.
Free Tesla commercial right here lol
This afternoon I looked at M3 RWD prices and was disappointed to see that the identical RHD car is much cheaper in Ireland than in the United Kingdom, with no obvious explanation. If Mr Musk takes a large European market for fools it’s not surprising that he is doing badly despite selling a great product.
Wait they have a PR dept. now?!
Elon Musk is the PR dept.
@@KP-xi4bjand the likes of Sam obviously
Tesla sales are down because they aren't updating their vehicles to new-gen models and dynamic pricing didn't help, but with heavy updates, the Model S and X are how old (again), the 3 and Y, again major update, Tesla will have to offer things they don't like, the infotainment system needs to allow Apple CarPlay and Google's Andriod Auto, a power sun shades (or at least manual shades you can put up), you see adjustable suspension on the updated Model 3 Performance and I'm guessing the updated Y Performance will be getting it, along with cooled seat, great, FSD needs a major price cut, just to start, Tesla needs to either push the S and X to the large vehicle size spell classification, either way, Tesla needs to make space for a true midsize vehicle models, the 3 and Y are too small
Maybe Toyota can add Tesla as a division once Tesla's stock drops all the way to its actual value. That will be a huge drop, but it has already dropped a huge amount.
Big cuts in Belgium. Rw drive 42000 and LR 50000 euro
.
supply and demand
They are also clearing out old stock to make way for the new model. Hence lower prices.
Really I thought was because they cant compete on price with China
What you just said is untrue and I think you know it.
Are you going to talk about the layoffs?
They can unregulated selling gas cars in California and it wouldn't make that much difference . People are buying Tesla's here, more and more. Jeannine
The Juniper delay is not smart. It's hurting tesla
Sam seems to be still not knowing that Tesla Summon or Smart Summon as part of the FSD doesn't work for newer models with Tesla Vision only.
TESLA STOCK TO $100. SO MUCH FOR THIS GUY PUMPING TESLA 😅😅😅
Tesla playing price war all along from the beginning but now they killing themselves
Just shows the effect of the interest rates on people
100%. It’s affecting all car makes and brands. In fact, many used car dealers in America are having trouble selling cars as low $4,500!
Agree with overall analysis, they haven't halted Model 2 - it is just that the demand will be off the charts and they don't have a dedicated factory yet so they're using the model 2 shell and making robotaxis as well as 2's - they will need to ramp production for that model because the demand will be very high and it's just the way they've always brought on a new model - prototype it, build a few, ramp up. .... This is basically the turning point for Tesla, they will need to execute their plan. This plan we see now is an artifact from 2016, and it's largely unchanged but Elon will push certain aspects of it tomorrow in the earnings call and we'll have visibility into what the company is doing going forward. Definitely a transitional period - almost everyone I know is aware that new batteries are coming, and people will wait for them. Think Tesla will be back on track in 2 quarters.
I can't really afford a Tesla BUT it's great for the environment and safety.
Yes my shares went down but whatever...
What do you think about 2025 for Tesla will the Stock reach 250$ a share at least next year ?
No. 120 by July seems to be where it's headed. Down 10 percent in one week. Tesla will need to pull a rabbit out of the hat to fix the issues that they have. 😅😅😅
Half way there.....
Tesla cut prices and why that's a good thing 😜
No price cuts in the EU yet...
Not true
@@Allanwify So, where is the price cut then? I don't see one.
@@stefan2796 Here in Demark Prices are cut by 14.000 Danish crowns
Worldwide, but not the UK (where the Brits are suffering more than most with real incomes falling)
How about a marketing/advertising strategy? Really frustrating….
USA price $34,000 / .645 = AUD $52,700
But in Australia a Model Y RWD = AUD $60,900 or AUD $66,379 drive away price.
Maybe the $34,000 USA price isn't what you really pay if you include taxes and fees?
what mr musk needs to do is make a 6k car there are many in china just copy one I can't buy there truck wish I could Canadian hyperinflation
China wages are very low.
Is the Model Y Long Range now under $70k to claim government subsidies? Eg. The WA Government offers a ZEV Rebate of $3,500 for new zero emissions vehicles with a Vehicle Subtotal (dutiable value) of $70,000 or less (including GST).
I won't consider switching to Tesla until the new version model Y, RWD, long-range is available where I am. I personally won't be having FSD in my car.
Doing the same ie waiting however I will buy FSD.
I sure would love any Tesla.
I dislike Tesla but commitment to continued support via subscriptions of their models is huge. Ability to get new software stuff on 8-10 years old car is great. Cars easily last 15 years why obsolete them faster as VW and Toyota and Chinese brands do……
Hello mate its tea time brb
World will be changing quick, hold tight
……………improving
@@sparkysho-ze7nm yes
Did you notice that Tesla dropped advanced autopilot as part of the price drop on FSD?
Still probably the best car out there.
+25 social credits, straight from Elon...
That’s because the cars aren’t selling. Anybody that wanted an electric vehicle has an electric vehicle so it’s a hard sale to people that don’t want an electric vehicle
True
And like Sam mentioned in a previous video.
Many people who have owned an EV are going back to ICE vehicles .
A race to them bottom? Happy to get out in late 21/early 22?
it won't be enough, good cars but boring & massively over priced cars. in Oz needs to be $40k all in before I'll look at it.
Looks like the Tesla $25,000 car will be here sooner than expected 🤣 Maybe both the Model 3 and Model Y.
Tesla great technology but still can't build anything of finish or quality. Cybertruck accelerator pedal becoming unglued is not a minor problem. A self tapper in the factory with a T emblem would've fixed that. Once the Chinese copy Tesla technology, Tesla will be gone in 5 years
Everywhere but the bloody U.K. again.
Who cares. Still to expensive. A 5 percent reduction is not going to increase sales. 20 percent and they would sell heaps.
Price reductions, to quote a famous entrepreneur : Is that a good thing or a bad thing ?
Good
I wouldn't consider the possibility of the gas pedal slipping and causing it accelerate a minor thing. The fix maybe minor but the result result this problem, if not fixed, is potentially fatal.
If introducing new models is hard, at least introduce new paint color every year, instead of reducing price repeatedly. Tesla leadership has been terrible for the past 2 years.
Tesla have needed to cut prices, because they cannot sell the cars that they've made. This house of cards is going to fall down soon! Have you seen the pathetic value of used electric cars???
I do Not think there will be any big boom in EV sales because the incentives are going away. World WiDE ❕️
Plus, Hertz Rental company is not going to be buying 100,000 EVs (mostly Teslas)
ever again ❗️🩸💲🩸❗️
You can’t say that to Tesla fans.
@@lrg3834 L😂L
They will see the lead off comment to this thread and keep on _~Moving_ .
EV depreciation is insane. If you bought a new EV the resale value is in the toilet and you're upside down if you financed it... Average second hand ev price has declined from $63000 tp $33000 in 18 months. (CarEdge) Soon you wont be able to give them away. Ouch.
And no. Tesla doesn't sell in Africa. We don't have electricity or decent roads.
All used cars going down, but because Tesla cut prices so much all ev's impacted.
Definitely worth caution
Like folks in Africa all have $50K to spend on a car ?
And if you leased it? Makes no difference whatsoever
Really. My EV has depreciated 40% in 2 1/2 years, but I bought it for a minimum of 10 years. I’m more than happy it’ll be fine for that period. Depreciation only matters if you keep changing your car. The “keep up with the joneses” mentality has a cost attached. My EV has cost £150 a year to service (1/3 of its diesel predecessor) and less than half what its diesel predecessor cost to fuel. I might not get the difference back, but over 10 years I’ll get darn close.
I can fix that how bad u want them