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Why are you going to pay more for your Tesla?
Far from becoming the affordable car, we would like it to be and meet price parity with similar ICE cars in the following months, Tesla vehicles are getting more and more expensive.
Wednesday, we woke up with the second price rise in a few days. Last week we were talking about Model 3 and Model Y in several markets, but today, the full Tesla line-up prices have been increased for bad.
Let’s put in a chart how much their cars have risen prices in the last year:
As we can see, we have a huge range of increases from 9% of the Performance Model 3 to as much as 28% of the Long Range Model X.
These price increases will have two clear implications for the company in the short term:
- It will pull back new customers who are price-sensitive to order a Tesla.
- It will increase Tesla’s revenue in the following quarters.
Tesla’s delivery times
We have seen, in the last months, how delivery times have been increasing slowly to an extent where some models have a delivery time close to a year. In the US, if you order a Model 3 or Model Y with some configurations, you might get delivery by Q3 or Q4 2022, and, for example, if you want a Model X Long Range, you will have to wait until January 2023, almost 10 months. In some other countries, this is even worse.
In this simulation (screens captured March, 16th 2022), we can see Model Y and Model X with the standard built in configuration in the US with delivery times of 6 months and 10 months.
