New rumors about Tesla’s price drop in China >

New rumors about Tesla’s price drop in China >

The point at which Tesla’s electric cars became more expensive and you had to wait longer and longer has been passed: After many price increases around the world and waiting times of up to a year, many models are now available again within a few months. in many markets, and in China it has Tesla cut the prices of the Model 3 and Model Y by up to 10 percent in October. According to new rumors from the country, this could be just the beginning: According to local media, even bigger price cuts are on the way.

Price increase for Model 3 and Model Y in China?

The reports are perhaps given more credence by the fact that there was much speculation about them even before he resigned in late October – Tesla circles even denied such reportsbefore they become reality: The price of the smaller Model 3 dropped by nearly 5 percent, as did the base Model Y, which also means it’s now available for Chinese electric car financing of around 1100 euros by the end of the year can be considered. Some alternatives were cheaper by up to 10 percent.

At least in the last week of October, this does not seem to have the desired effect. For a whole month Tesla reported sales of 71,704 electric vehicles from its Gigafactory in China – disappointment after the conversion of about 95,000 Model 3 and Model Y per month. As of this week, customers who take in an existing car before the end of November also receive a generous €1,000 subsidy on insurance and a half until the end of the year. And according to new rumors, the Chinese Tesla price should fall again in the near future.

Where exactly they started is difficult to trace. But American researcher @TroyTeslike wrote that they can be found on many blogs and are questionably accurate. Accordingly, new prices of 219,900 renminbi for the Model 3 in the smallest version have been mentioned – equivalent to 30,000 euros and about 17 percent less than before. According to one of the reports, the entry level Tesla Model Y will be available “in the near future” from 249,900 renminbi (34,000 euros), which will correspond to a further reduction of 13.5 percent.

According to @TroyTeslike, if true, this could have a “positive” effect on sales in China for the rest of the year. Until now he didn’t think it was possible Tesla expects deliveries to grow by nearly 50 percent in 2022 as CFO Zachary Kirkhorn announced in late October. According to an observer, this goal would again be achieved at much lower prices in China.

The boss of Tesla does not want to be “big profit”.

The indirect cost of this would certainly be lower margins for Tesla. In the last few quarters, some of those in the auto business have increased by more than 30 percent of the total; in Q3 2022 it was still 27.9 percent higher. With lower prices still rumored, @troyTeslike estimates it would drop to around 5 percent for the base Model 3 and Model Y in China. According to his calculations, worldwide and in a combination of all models and variants, Tesla would return to 20 percent of the total output of electric vehicles – still at the level of 2020 and early 2021. In July 2020, CEO Musk said on the topic that. peripheral, Tesla is not about being “highly profitable”..