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Tesla price cuts - Xileno

Tesla cuts prices by up to a fifth to boost demand:

www.bbc.co.uk/news/business-64266471

Tesla price cuts - daveyK_UK
Good move

Electric cars are too expensive for the average family, costs need to come down to increase the electric car reach
Tesla price cuts - Adampr

Technically, it doesn't increase demand, it increase sales. I shall be writing to Point of View about this.

Tesla price cuts - sammy1

If Tesla can cut up to 20% from some of its cars you can begin to imagine what the profit margin is on other EV makes. No wonder buyers who have taken delivery are moaning. ICE cars must have similar inflated profit margins. Best left in the showroom. depreciation for private buyers is some £5k per annum or more

Tesla price cuts - John F

depreciation for private buyers is some £5k per annum or more

Good gracious! Don't EVs last longer than 8yrs? Or surely at least 20yrs for the pukka ones costing £100,000? Even a basic ICE V should last that long these days if reasonably cared for. Whatever, the F's have no intention of buying one as I refuse to countenance depreciation of more than £1k per annum. (The Peugeot 2008 has nearly 14 more years to go....)

Tesla price cuts - corax

Technically, it doesn't increase demand, it increase sales. I shall be writing to Point of View about this.

Hasn't Barry Took passed away now?

Tesla price cuts - Engineer Andy

Technically, it doesn't increase demand, it increase sales. I shall be writing to Point of View about this.

Hasn't Barry Took passed away now?

I think you';re at least two if not three presenters behind the current one, not that writing to PoV makes a blind bit of difference to what the BBC does.

Tesla price cuts - corax

Technically, it doesn't increase demand, it increase sales. I shall be writing to Point of View about this.

Hasn't Barry Took passed away now?

I think you';re at least two if not three presenters behind the current one, not that writing to PoV makes a blind bit of difference to what the BBC does.

Oh OK...

Tesla price cuts - movilogo

Tesla was overpriced to start with. The fad has probably died down a bit.

As more people are buying EVs, more are discovering difficulties with EV - thus slowing down the demand perhaps.

Tesla price cuts - Speedbird 747

At least Musk has admitted that Tesla were overcharging customers.

The bottom is already falling out of the BEV market. High electricity prices and lack of chargers will kill EV’s. Plus of course the U.K. has a grossly inadequate generating capacity, and can barely keep the lights on at the moment.

Next winter may be even more tricky.

Tesla price cuts - John F

At least Musk has admitted that Tesla were overcharging customers.

Has he? The cost to first adopters of new technology is always high. The price of a Ford Model T fell from around $800 to $300.

The bottom is already falling out of the BEV market. High electricity prices and lack of chargers will kill EV’s.

Not for those who just need a town car. Also, many people will generate their own electricity and store it either in their EV or in separate battery packs. An EV uses around 1 kWh for 4 miles. So for 8,000 miles it needs 2000 kWh. Our solar PV 14 panel array generates 3000 kWh a year, more than enough for a 6000 miles a year runabout like our Peugeot 2008. (But thanks to the 25yr Feed In Tariff contract, it more than pays for its petrol).

Tesla price cuts - Sofa Spud

At least Musk has admitted that Tesla were overcharging customers.

The bottom is already falling out of the BEV market. High electricity prices and lack of chargers will kill EV’s. Plus of course the U.K. has a grossly inadequate generating capacity, and can barely keep the lights on at the moment.

Next winter may be even more tricky.

Without EVs there's no future for passenger cars. As oil reserves are used up, petrol and diesel will get more and more expensive and that's before you even factor in CO2 emissions.

If all vehicles were electric, then the extra demand for electricity would be (roughly) cancelled out by not having to expend vast amounts of energy refining oil.

Tesla price cuts - Engineer Andy

At least Musk has admitted that Tesla were overcharging customers.

The bottom is already falling out of the BEV market. High electricity prices and lack of chargers will kill EV’s. Plus of course the U.K. has a grossly inadequate generating capacity, and can barely keep the lights on at the moment.

Next winter may be even more tricky.

Without EVs there's no future for passenger cars. As oil reserves are used up, petrol and diesel will get more and more expensive and that's before you even factor in CO2 emissions.

If all vehicles were electric, then the extra demand for electricity would be (roughly) cancelled out by not having to expend vast amounts of energy refining oil.

The difference is that refining oil is a 24/7 process not affected by the wind or sun. Generating power at the time of day when its needed for charging EVs (mostly at lunchtime and especially between 6pm and midnight) is exactly at the same time when 'green' generating capacity is at its lowest, especially in winter when more of us are indoors using electrical devices.

Even worse if the daft change to ban new gas boilers comes in, given that will create even more demand at the same times.

Unless and until viable large scale energy storage solutions are found (Hyrdogen isn't), especially as batteries utilise rare Earth materials, often are mined using child and/or near slave labour, and the materials are very hard (energy and person intensive) to recycle, all this will NOT be viable.

People just saying it will and we'll (not them, just the Plebs) have to 'put up with some short term difficulties' are just (IMHO) lying in order to protect their own untenable positions.

As someone said, Teslas often go up and down in the RRP due to market factors (including the price and availability of components as well as competition), and apart from the Chinese market, where it has been more marked, nothing out of the ordinary.

I would hope that other car manufacturers would reduce the price of all their cars - ICE included, given that the inflationary effects of high gas and petrol/diesel prices should now (at least for the moment) be waning - prices of them are vastly lower, and hopefully should be passed on at some point soon once it feeds through in the cost of transportation, electricity generation and heating costs.

It could, of course, go back up again.

Tesla price cuts - Andrew-T

Tesla was overpriced to start with. The fad has probably died down a bit.

Any technologically novel device has to start off 'overpriced' to begin to recover the high investment in R&D. The trick is to pick a price point low enough to get the ball rolling with those flush enough and keen enough to buy. And occasionally the govt sees enough capital in helping, to offer sweeteners, as with solar panels.

Remember what a new pocket calculator cost, back in the 70s ? And what they cost 20 years later ?

Tesla price cuts - groaver

There are rumours in the US that they have begun pushing them onto fleet.

That usually never ends well for second hand prices.

www.thetruthaboutcars.com/cars/news-blog/tesla-dro...1

Tesla price cuts - Warning

I think it is a good idea for manufacturers to make deal with rental car companies. It is a great way to test drive a car.

Tesla price cuts - mcb100
Hertz are taking up to 65,000 Polestar 2’s over the next 5 years.
Tesla price cuts - galileo

Technically, it doesn't increase demand, it increase sales. I shall be writing to Point of View about this.

Hasn't Barry Took passed away now?

I think you';re at least two if not three presenters behind the current one, not that writing to PoV makes a blind bit of difference to what the BBC does.

The BBC have now made it difficult to complain to them, it used to be possible to send email complaints

I complained about their habit of randomly cancelling scheduled programmes in an attempt to force us to watch tennis/football (to justify the amount spent on covering such events?).

After three (polite) complaints I must have got under their skin because I got a reply saying they would no longer reply to me. Arrogance sustained by the Licence Fee.

Tesla price cuts - pd

The depreciation of ANY £40-£60k saloon has long been £5k pa in first few years, this is not new. Crikey the depreciation on a 7 Series or A8 was probably that in 1998.

Teslas have certainly bucked the trend with amazing residuals. What is happening now is they are reverting to more market norm.

Tesla price cuts - badbusdriver

The depreciation of ANY £40-£60k saloon has long been £5k pa in first few years, this is not new. Crikey the depreciation on a 7 Series or A8 was probably that in 1998.

Thats nothing, back in the days of the Ford Scorpio (also the 90's), they used to say the first owner lost £10k driving it off the dealers premises!.

Tesla price cuts - madf

The depreciation of ANY £40-£60k saloon has long been £5k pa in first few years, this is not new. Crikey the depreciation on a 7 Series or A8 was probably that in 1998.

Thats nothing, back in the days of the Ford Scorpio (also the 90's), they used to say the first owner lost £10k driving it off the dealers premises!.

The Scorpio looked ugly. No one with any taste would have bought one new. :-)

Tesla price cuts - Crickleymal

The depreciation of ANY £40-£60k saloon has long been £5k pa in first few years, this is not new. Crikey the depreciation on a 7 Series or A8 was probably that in 1998.

Thats nothing, back in the days of the Ford Scorpio (also the 90's), they used to say the first owner lost £10k driving it off the dealers premises!.

The Scorpio looked ugly. No one with any taste would have bought one new. :-)

You're not wrong.

Tesla price cuts - groaver

The problem with heavy depreciation is that the majority of purchasers do not buy outright and as such this has a direct impact on the monthly payments as the final value of the car will drop and cause the monthly to rise.

It is obviously beneficial to buyers in the second hand market but that won't directly help the manufacturers.

Edited by groaver on 16/01/2023 at 09:38