2023 Tesla Model Y’s Price Tango Goes On – Tesla’s Eyeing Potential Move Up
In the ever-evolving landscape of the electric vehicle (EV) market, Tesla has long been a frontrunner, setting trends and pushing the boundaries of innovation. The latest whisper from the showroom is that Tesla might be preparing to nudge up the price of its beloved Model Y electric SUV in China. What’s the buzz all about? Let’s delve into the details and explore how this potential price shift could impact both Tesla enthusiasts and the EV market as a whole.
The Whispers from Within
An anonymous sales representative, often the bearer of inside information, has hinted at an impending price hike for the Model Y. While it’s always advisable to take such rumors with a pinch of skepticism, Tesla aficionados looking to secure their very own Model Y might want to prepare themselves for a slight adjustment in their budgets. How much more, you ask? Somewhere in the range of €1,000 to €1,300 extra might be required to claim ownership of this sleek, electric marvel.
The Referral Scheme Conundrum
Now, you might wonder what’s driving this potential price increase. Well, it appears that it aligns with the likely conclusion of Tesla’s current referral scheme. For those who are unaware, Tesla has been offering a referral reward of €447 to entice new buyers. However, as the winds of change blow through, this benefit might bid us farewell sooner than expected. So, if you’ve had your eyes on that €447 reward, time might be of the essence as it could vanish from the table in the coming weeks.
Farewell to the Rear-Wheel Drive?
But that’s not all; there’s another twist in this tale. The rear-wheel drive version (RWD) of the Model Y, initially exclusive to the Chinese market, might be heading towards its sunset. It seems that Tesla is reconsidering the fate of the RWD variant. As the saying goes, “All good things must come to an end,” but let’s be honest, was the RWD truly a standout feature to begin with?
The Model Y’s Enduring Allure
Now, amidst these potential adjustments, it’s crucial not to let them overshadow the Model Y’s inherent appeal. This electric SUV continues to command the lion’s share of Tesla’s orders, and for good reason. It offers a plethora of cutting-edge features that rival even the newer Model 3. Speaking of which, while the Model Y might be contemplating a price shift, its sibling, the Model 3, seems content with its current price tag of €33,220. Despite media speculations, it stands firm, undeterred.
Model 3’s 2024 Version – A Glimpse into the Future
For those keen on staying up-to-date with Tesla’s offerings, the 2024 version of the Model 3 has arrived with a bang. This update introduces exciting features such as ambient lighting, seat ventilators, and a rear screen. However, when you break down the financials and consider the referral scheme, the difference in cost between the Model 3 and Tesla’s electric SUV is a mere €65, at least in the Chinese market. While the Model 3 is a remarkable vehicle in its own right, it does seem to be playing second fiddle to its larger counterpart, the Model Y, in the glitzy spectrum of electric vehicles.
The Residual Value Advantage
In the world of automobiles, depreciation is an inevitable factor that often looms large. However, for Model Y owners, there’s a silver lining. Purchasing it for €33,300, you can expect to retain a relatively higher residual value. In simple terms, if you decide to sell it a year later, you could fetch anywhere between €28,100 and €30,800. This is a testament to the Model Y’s enduring value, even in the face of the relentless march of time.
Sales Figures Speak Volumes
Tesla’s sales figures in August tell a compelling story. With nearly 65,000 units sold, the Model Y proudly roared ahead with 51,117 units, leaving the Model 3 trailing with 13,577 units. September’s sales trends appear to echo a similar tune, further cementing the Model Y’s position as the favored child in Tesla’s electric family. It’s evident that consumers are drawn to the Model Y’s unique blend of style, performance, and practicality.
The New Model 3 – A Twist in the Tale
On September 1, Tesla unveiled the new version of the Model 3, marking its first major update in six years. Despite earlier reports hinting at a more affordable price point of €25,500, this variant has emerged 12% costlier than its predecessor in China. It’s a surprising twist in the narrative and showcases Tesla’s commitment to delivering premium EV experiences, even if it comes at a slightly higher price.
In conclusion, Tesla’s Model Y is poised at the center of attention, with potential price adjustments on the horizon. While changes may be afoot, the Model Y’s enduring popularity, combined with its strong sales figures and impressive residual value, paints a compelling picture for prospective buyers. Whether you’re drawn to the Model Y’s allure or intrigued by the latest Model 3 update, Tesla continues to push the boundaries of what’s possible in the world of electric vehicles.
Best in Dyanbeast
- Morgan Stanley’s Adam Jonas has increased his $TSLA price target by 60% to $400 per share
- Volkswagen AG’s Electric Vehicle Challenge: Can it Catch Up in the EV Race? | Tesla and China Risk Leaving Volkswagen
- On an EV road trip, U.S. energy secretary couldn’t find enough chargers
- Tesla Model 3 Highland Owner’s Manual Reveals Auto Shift out of Park Feature
- 372miles range, Toyota Reveals Hydrogen Fuel Cell Electric Pickup Truck | 2024 Toyota Hilux