The article blames economic slowdowns for the sales loss. I’d say competion is also a significant factor. There are other, competitive products available at similar price points.
Maybe people upset at his purchase of Twitter looked to other brands but I’d guess that is a small number.
This is stunningly great news for car buyers and for our economy as a whole. So obviously Elon has more cars than sales and he has to cut prices. Fantastic news. As competition has increased, so has the availability of electric vehicles! And if luxury electric cars come down in price, maybe other cars will too
FYI – I suggest you not “go there” @dhallis_173529 Politics doesn’t play well and may get shut down by our dear moderator.
I doubt if vehicle prices will come down much for a long time . They might reduce to sticker prices instead of Market adjusted addons being charged now.
Whatever. Tesla makes luxury cars for people who are willing to pay top-dollar to show off. If we are serious about deploying a fleet of electric cars, we need subcompacts, like the Mitsubishi i-MIEV, at price points which normal people can afford. Most people do not want an EV as their primary vehicle, but as a second “city car” type vehicle, it makes sense.
The govt says you will have an ev as your primary car.
Cali is prohibiting sales of new ice cars.
Expect to see people keep old cars alive at all cost. After all, rust is not a problem there. In the past, a 15-year old car would go to the junkyard when repairs cost over $1k. Now, a $5k engine replacement or $3k transmission rebuild will make great economic sense.
I lucked-out in finding a dealer that doesn’t add any “market adjustment” to the sticker price. There may not be many of those dealerships, but if people simply cast their net a bit wider, they may well find that they can avoid that type of overcharge. And, besides not adding anything to the sticker price, I was given an honest value for my trade-in. By driving ~70 miles, I saved ~$7,500–as compared to three dealerships closer to home.
They exist. The Chevrolet Bolt starts at $25,600 MSRP and the Bolt EUV ar $27,200. The Nissan Leaf starts at $28,040. Can you buy ICE cars for less? Sure, but they have far less research, development, and engineering to amortize that EVs do. Just like everything else, early adoption is directed at more affluent buyers that can afford them. As time goes on, prices will drop as all those nonrecurring costs are paid for.
I think a lot of the reason is Tesla now has a slew of competitors. And every year that list is growing.
And a slew of battery fires. and every year it is growing. 
sorry, I had too
I could very well be a customer for an EV a few years from now . But Tesla will not be on my list because - Elon Musk - not worth the price to me - they are not attractive - neighbor has 2 and the Tesla mobile service truck just seems to be there a lot.
Both BMW and Chevrolet had battery problems, and the seem to be solved. It looks like Toyota (and Subaru) solved to problem with the wheels falling off the bz4x and twin Solterra.
As long as the batteries use lots of lithium, the MSRP will continue to climb irregardless of inflation. Limited supply, great demand equals high prices.
There are batteries with different chemistries that don’t use as much lithium, but they are the future, not the now.
They are claiming sales are slow until the end of yr because of rebates. I think, things are just slowing down. For the first time in a long time, one Toyota dealer here in SCA has a long list of non-hybrid Toyota’s for sale at MSRP.
I would not mind having a good EV. But, I need good range, a normal dashboard and have to be able to park it in the garage without fear of fires.
Here in SCA, if you look around, you would think they are giving Tesla’s away for a massive discount, it feels like every 5th car is a Tesla. They kinda look boring too.
The dealer I work for, and an affiliate are offering new cars at invoice to employees in an effort to move inventory during the month of December.
That is an indication of the current market, also a regular member was delighted to only pay MSRP for a new vehicle.
The more electrics and the cheaper they get, all the merrier. Electric cars won’t need subsidies when the average cost for one is the same as regular cars and they can fully recharge quickly (within 10 minutes) to the same range that your typical car gets. I see that happening (with subsidies) within 5 years and without subsides within 10. Then the mass market for new ICE will be a thing of the past.
If you have driven an electric, even a cheaper one, you’d know that it is an eye opening performance experience. I’d drive one full time, except for the range issue.
Skeptics are funny. Many of them grew up with advancing technology or work in technology dependent industries, but for some reason are skeptical of electrification of cars. They should recall what was said about the gas powered automobile in the 1885-1910. The skeptical fuddy-duddies were wrong then (about the gasoline engine), and will be proven wrong about electrics. Converting our transportation system will take more than 25 years, because conversion is always more difficult from starting from scratch… but it’s happening now and happening along similar lines. The first gasoline cars were dangerous hard to handle (and fire-starting) luxuries for the very, very rich. But now, we are already at the point where the upper middle class can buy electric. Lithium? Ocean water is full of it. we just haven’t figured out how to get it out. We will, or another technology will replace it. They will take over once range anxiety and charging speed is solved.
Maybe all the people who could actually afford one of these overpriced marvels have already bought one . Even a Mod 3 is out of reach of 80% of people . for me no thanks. It is 5 degrees and a 35 mile an hour wind here . I wonder how the battery would be if it sat out all night in this weather ?
Not well for some EVs. I read recently that Toyota br4z’s left out in the cold have about half the quoted range.