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Comment by cbeach | Hacker News Reader

I'm surprised to see 38% YoY increase in Tesla deliveries (page 8) in the last 12 months, despite the high interest rates (thus expensive consumer finance) and the high price point of Tesla's current range.

By comparison, Honda sales increased 33%, GM 14.1%, Ford 7.1%, Toyota 6.6%, VW 6.7%, Stellantis down 1%

https://www.cbtnews.com/car-manufacturers-report-impressive-...

https://www.volkswagen-newsroom.com/en/press-releases/around...

When Tesla release its $25K car, and when interest rates drop, I suspect the march of Tesla on its rivals will continue apace.

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> high price point

I don’t know if you’ve shopped for a new car recently but non Tesla cars aren’t exactly that cheap. The final price for Tesla comes to be a couple thousand over advertised, but if you buy a non Tesla, it usually goes to tens of thousands more. A monthly payment on a new Tesla is probably very close to the monthly for a regular car.

not sure why you were downvoted - I agree. teslas were very reasonable compared to other options when I looked

new - perhaps. pre-owned is another story. I bought top-of-the line 2020 etron prestige with 10k miles for $35k in november. new one is north of $90k

Everyone's dropping prices because of soft demand. In late December/early January, Tesla was discounting inventory long range Ys enough for them to be around $35k after the inventory discount and POS tax credit.

They're a little more now, but that could change near the end of the quarter.

between getting a new Tesla and 3-year off-the-lease like-new Audi etron I’d get Audi any day of the week and twice on Sunday

Maybe in the US, but if you live in less protectionist markets you'll find Chinese vehicles undercutting Tesla on drive away price.

For example my parents just bought an electric hatchback from GWM for ~27k USD, or ~21k USD after government rebates. Tesla doesn't even come close.

FWIW Tesla’s are much bigger than GWM, but not twice as big as price implies

Right, Tesla only sells bigger and more expensive vehicles and has nothing in the compact segments.

You’re subject to the same interest rates no matter what vehicle you purchase. Base model 3 is not any more expensive than a typical new ICE vehicle especially with the federal credit, plus you save on gas and maintenance.

Base model 3 doesn't qualify for the tax credit. The only Model 3 you can buy with the credit is the much more expensive Performance edition.

Was that true in 2023? Don’t know just what my friend told me when he bought his model 3 a few months ago. He decided to pull the trigger on it because it was the same price as a brand new camry

Not true in 2023. In 2023 every version of the model 3 qualifies for the 7500 tax credit in the US

Sadly it is 2024 now. Very few vehicles qualify for the tax credit now. The ones that do qualify tend to be the high end models that are hard to keep under the price cap—you need to special order the no-options model and hope there aren’t too many dealer fees. Good news for Chevy is that the Bolt qualifies. Bad news is that they stopped making it and no other Chevy made the cut.

We're talking about the 2023 Q4 earnings report.

Seeing price comparisons like always make me feel like I'm living in a very different place. Here (in Canada), a base Camry currently starts at $36k (with the base hybrid starting at $38k) and a base Model 3 is $51k after the $5k federal tax credit.

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