Tesla Model 3 - V3.0

The reason for the price cuts is that Tesla is manufacturing more cars than they can sell. Once they announce the midlife refresh, demand for the current model will drop further, which is when you would usually see price cuts to shift the older ones already manufactured. For certain, the refresh model and the runout model won’t have the same price.

Look at demand and production for the ID3 since VW announced their refresh, they’ve dropped most of the production of the current version id3 and pushed hard on the id4. Tesla don’t have that luxury, as they only make 2 cars, unless they shift all worldwide production to the Y, but they wouldnt have enough demand then either.

Poor owner, sold my 201 blue SR+ for nearly that much a few weeks ago 🙁

Just like depreciation is a normal economic impact of car ownership, especially when buying new. Prior to the EV revolution followed by the impact of chip shortages / the Ukraine war it was pretty normal to experience a destruction in asset value of anything up to 20% in the first year or between 40% and 50% of asset value after 3 years. The usual line during this period was that cost of change was the important thing when changing a car as this is what hits a person cash flow. I think people have come to almost expect minimal depn over the last couple of years but it's likely the long term depn norm will reestablish itself in the short to medium term.

Dont get me wrong I fully understand why people are upset that the value of the investment in their new Tesla has been reduced following a decision to significantly reduce the price of new models but all I was saying is that if you stick with the Tesla M3 / MY, then the impact of that reduction is somewhat mitigated.

Tesla have shown over a number of years that they don't follow the motor industry norms when it comes to pricing and model updates. As one of the first to impliment direct sales via the agency model vs the dealer model, they have adjusted their pricing both up and down without notice.

Some peeps have lost out when pricing goes down. But others have benefited also as Tesla also allows potential buyers to lock in pricing at order time. Most other manufacturers will pass on price increases if the price goes up after an order is placed.

Also they don't follow a typical model update cycle like their competitors as well. Updates are introduced into manufacturing at times to suit themselves.

In my own experience, I ordered an SR+ in Sep 2020. Without any notification or advice, the actual car I received in Dec 2020 was the 21 refresh model which came as a complete surprise.

[Edit: typos]

Yeah, I paid something like €49k for my SR+ in March 2020, and have absolutely no qualms about it being realistically worth sub €30k just a month over 3 years later…

If I was planning to sell it now, yeah I’d probably be a bit more upset over it, but as I’m in no hurry to sell it and upgrade it I couldn’t really care less what it’s ‘current market value’ is.

I actually still have a Model 3 on order since last year (when they cost €54k) as I thought the price was going to go up again… (and at the time Tesla offered me €44k for my SR+ with 67k km on it), but in reality I have no interest in upgrading at the moment (unless someone offered me €37k+ for my own car, which is not going to happen)…. So I’m happily all in with the current car for at least the next 5-7 years or so….

And as a side note (and if I’m doing funny maths in my head), we paid off our 20 year mortgage in only 9 years (finished it last Thursday), and at the outset our interest liability was to be €81k, and it’s ended up at only €32k, so we’ve saved €49k in interest by regularly overpaying and finishing it early, so as far as I see, that means the €49k we paid for the Tesla is effectively free money that we’ve saved by kicking the sh1t out of the mortgage….

Anyone else notice an increase in forward collision alerts since the recent software update or is it just a coincidence/my bad driving?

I’ve only had a few, and not recently, but the car auto braking is quite jarring to say the least…..

Had a few in first month of ownership prior to latest update, and since then a few red lights and sound warnings for parked cars. Surprise one was for a pedestrian waiting to cross the road at a turn. He was standing at the kerb so the car did the honourable thing and slammed the brake when it detected the human. (Human just looked on bemused and did not cross.)

Yes, the latest update seems to alert quite a bit when I'm in an estate and approaching parked cars and occassionally when someone is crossing a road a good distance ahead. Maybe it just thinks I should drive slower but it feels like having a nervous passenger sometimes!

I think the going rate is anything from about €1,500-€2,000 for a wrap….

Plenty of places do it and I’m sure you’d even find somewhere in Cork that does it..

Dont forget to use a referral link when ordering to get referral credits to use down the line for free charging or other stuff…

Grant isn't really being slashed, only dropping 1.5k. Less than a Tesla price reduction.

Looking to trade in 161 5 Series, being offered just over 10k.

To save you the Boards search - Yes, it’s a low ball offer.

Imagine the lowest offer a total chancer would message you on adverts or DoneDeal, and then go way way lower :)

they don’t want your car - It’s already pre-sold to some second hand car dealer before they even take it from you.

There is literally no reason to ever trade a car in with Tesla.