Can Tesla Fix The EV Demand Slump?

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[@quellLeo8870]

It convinced me. We were shopping around for used MY but with the 0.99% rate + federal + state incentives it is going to be a lower monthly payment, less interest over term of the loan, and paid off a year faster buying a new MY LR RWD than buying a used AWD 2020 in our area. Don't care to wait for the refresh we need a car in the next couple months not next year. While AWD would be nice I just want the cheapest model Y I can get.

[@ryanfraley7113]

I talked with a high school friend who looked into electric trucks and instead bought a F-150 Powerboost Hybrid that enables him to drive with electric power in the city where he lives to some degree. The thing he pointed out as the reason to not buy was the charging infrastructure and range not being there yet. As someone undergoing a similar process, I'm having similar thoughts. It's hard when there's 0 public chargers in a lot of the small towns around me. I know I can charge at home but off interstate travel isn't assured of charging stations. Also he told a story of a friend who went on a road trip with him and had a Hummer EV where the Hummer ran out of charge near the end. As someone looking at the Lightning and Rivian, I'm also having to reluctantly put the Powerboost Hybrid on the list. Not because that's the one I want but because of the charging infrastructure in the Midwest being dog doo. I can see why Tesla's pile up on the Chesterfield Lot (which is ironically only about 20 minutes from where I live in St. Louis.)

[@alx4571]

Makes sense now to allow the lease buyout since Tesla is now selling used inventory. The thought was the lease vehicles would become Tesla robotaxi fleet. If you sell used then allow lease buyouts

[@IndigenousEarthling101]

Model Y interest rates are down, and range is up. I'm pretty sure lots of folks are looking hard. I'm still sticking to my plans and waiting until next year for the refreshed Y long range AWD, maybe with Hardware 5.

[@davidgazeley5481]

Tried to buy a model Y today. Did the pre approval process for the .99% put in my zip code so it should have been obvious that i live in North Dakota. Got approval so i pulled the trigger and paid my deposit including the $250 non refundable fee. After they took my money the cheap interest offer went away. Promotional interest rate not available in ND. Super disappointed. Why tell me it is available just to not offer it after i paid. I’m out the $250 now. I feel like Charlie Brown.

[@Emma-33]

Don’t feel that way! You took your shot and was obviously set up. Shame on them

[@ryanfraley7113]

In your state you may be better off with a hybrid, I'm sure North Dakota is run by the oil industry so they aren't going to make it easy for public charging infrastructure to exist.

[@SomeGuyNamedPaul49]

It's common for people to buy out the lease on day 2 of ownership for other EVs because they want to buy a vehicle that has a battery pack that doesn't qualify for the rebate.

[@OffgridApartment]

Can’t help but think a lot of the take rate for model Y is due to the impending refresh.

[@julianf40ify]

I got a email and text about the 0.99% apr and ehhh not a fan on suv type cars if it was only the new model 3 I might of pulled the trigger

[@Hank-yb3mu]

Why the model 3 over the model y?

[@julianf40ify]

I like sedans as it’s only myself I don’t need the extra room

[@SDseb]

Took advantage of the 0.99% interest rate and got myself the Model Y. My first ever car that happens to be also electric. I test drove a Model Y before hand to feel it out and I have to say I'm super excited to get mine once everything is set!

[@vinay8429]

100% agree on the lease part!

[@13asingh]

Model Y should have been updated last year and the sales would have been better. My model Y lease is coming up. Going with a Hyundai 5 N

[@whynotstartusingyourbrain8726]

Soyou are swapping an iPad pro for a Gameboy. Congrats.

[@13asingh]

@@whynotstartusingyourbrain8726 the Ioniq 5 N is more like a Nintendo Switch with Mario Kart, but yes, more fun and a bit better quality. My family had 3 Teslas (3, Y and X) so can speak from a bit of experience.

[@whynotstartusingyourbrain8726]

@@13asingh it's a clusterfuck made of plastic.

[@greghelton4668]

$25 k car is badly needed. Strip off all extras like FSD. They will fly off the shelf as Elon said. . Ten years ago.

[@13asingh]

@@greghelton4668 agreed

[@rocketbrothers540]

I really don't understand why Tesla doesn't have the option to buy out the lease at the end of the term. I am looking to lease the model 3 performance for 3 years due to the high interest rates. I don't want an old design Model Y, I am mainly leasing due the fact I don't know if I will wanna stay in the Tesla family as this is my first Tesla. Also, I originally wanted a refreshed Model Y Performance, so with the 3 year lease I have the opportunity to know after 3 years if I want stay with Tesla, and the MYP will have been available for a few years and most of the kinks worked out. Who knows, perhaps before my 3 year lease ends, TESLA will have reversed their dumb policy of customers not having the option to buy out the lease. Even with the RoboTaxi mindset, not all customers would option to buy after the term, this still offers plenty of vehicles turned back to Tesla for a fleet and or resale.

[@ernest795]

I'll hold onto my Mazda 3 hatchback until the Aptera comes out.

[@chrisborns5972]

We bought the morning of the new rate. The delivery center was busy! A great deal on an epic vehicle. Financing it as a work vehicle made tons of sense cost was only $2k more than the plz buy covid pricing on its predecessor. After 4yrs inflation it was much cheaper than the reasonable Japanese family wagon. No oil changes or fuel! Super stoked.

[@ianbladuell2694]

It’s not going to increase until prices come down to the $25,000 price range before EV tax credit and there’s larger infrastructure including apartments and work locations

[@cbenson513]

I found a few '22 MYP's 25-45k miles under 35k and will likely pick one up . I considered leasing new, but like you, I don't like the lack of ownership option at the end of the lease.

[@backdoormanintheend]

I don't want to attempt the math, but Tesla does have close to 30 billion dollars. Surely they could finance a few cars with some of that (leaving plenty leftover for capex). Are fairly rapid depreciation and just a three year bumper to bumper warranty good reasons not to buy out a lease? There is also the Osborn effect of new technology (800 volt charging, much improved suspension, steer by wire, etc.). Had I leased my 2020 model Y, I wouldn't have given a second thought to buying out the lease. At 70k miles, the front end was worn out and it never had a good ride. Insurance is expensive. I was paying over $80 more per month on my 4 year old model Y than I am on my brand new F-150 Lightning. Go figure. After my model Y experience, I'd be very wary of holding onto a Tesla past its 3 year bumper to bumper warranty (unless the warranty could be extended a couple of years?). With all of the controversy surrounding Elon, I'm afraid people's opinion of Tesla has soured even more.

[@KaceyGreen]

Yes not having lease buyouts despite going to a specific robotaxi is dumbfounding.

[@bearcubdaycare]

An American buying a used Tesla may be eligible for a tax credit, while someone buying out the car at end of their lease probably wouldn't, I think? So that might be an incentive for Tesla to sell the car used at end of lease, rather than selling it to the lessee. Worth more to the used buyer given the tax credit.

[@sharkflower123]

Make decent departure and charging planning software...like VW... And please don't start departure/heating when it is not activated

[@MOBMJ]

I think Tesla needs to really consider letting you buy the lease because of the raising inventories

[@pavanbiliyar]

I think Aptera can influence EV demand by providing a product that isn't "doing what works" as if carbon copying competition is the way to go. Doing so makes the EV market boring, as if being an EV is the only way to stand out.

[@pingnick]

The move in parts of the USA and elsewhere to add fees to EVs to compensate for lack of (liquid…) fuel taxes is depressing-is amount to be financed really reasonable for the .99% deal so true savings!? I hope so BUT then Tesla should also offer a cash discount essentially wow money craziness🤪

[@pingnick]

Vehicles that carry large weight per tire surface area should be taxed for their road degradation so probably Rivian vans for Amazon should pay high taxes and model 3 close to 0 in ideal scenario…

[@ryanfraley7113]

@@pingnick It's always a big point of hypocrisy because they clearly don't want to charge vehicles by weight otherwise pickup trucks and SUV's would get hit just as hard as EV's. And don't even get into large trucks that tear up roads in rural areas.

[@Ryno97]

Offer a higher range vehicle and you will tap into a new market

[@worldtrav72]

So…where are all the Lease returns that go to Tesla? Sitting in a field?

[@TailosiveEV]

They sell them in used inventory

[@matts3932]

Interest rates? That’s cope. Fanboys need to start accepting that the adoption rate gets much harder from here. If you are an EV enthusiast you’ve already spent your money. Now the industry needs to convince regular consumers that owning an EV will be a good purchase and will be as convenient as a hybrid. Step 1: don’t fire your charging station team. Step 2: create batteries that don’t cost more to replace than the used car is worth.

[@mravecsk1]

I dont now how in the US but in europe you dont change whole battery if there si some fault... Cost few k euros, which is nothing compated to the price of used car.

[@lachlanB323]

Its the price. If an ev is cheaper then a petrol car they will think twice before buying a petrol car

[@keanteruddock1856]

V True. Funny how people seem to always be late to the party. People are just coming around to hybrids now. I got my first hybrid in 2018. Will be the same for EV’s. In a few years time people will be preaching about electric vehicles

[@ryanfraley7113]

A lot of the people bitching about EV's are the same old suspects who bitched about Hybrids and Priuses. Now I see tons of Priuses on the road even in very rural areas.

[@keanteruddock1856]

@@ryanfraley7113 Exactly!

[@artboymoy]

As good as the deal is, the Aptera is going to be my next vehicle.

[@whiteandnerdytuba]

Lower interest rate is a great start but if Tesla can fix their reputation for junk rattling cars with misaligned doors, body panels and broken door handles I think they can grow sales

[@MacTX]

Interest rate just seems like a scapegoat to cover for more important things. Something more important is vehicle cost, insurance costs, and everything associated with living with an EV. If EVs costs more, that's a hurdle. Also, the Federal tax credit incentive being tighten and phased out isn't helping. If insurance for EV's cost more, that's another hurdle. The enthusiasts have their EV, they've overlooked any hurdles for EV ownership. Regular folks, they won't, and that's the slump we're seeing. What's really telling are the folks who have bought an EV and have gone back to combustion engine cars.

[@alexandercotman2553]

Tesla wants to make money? Offer Ryzen retrofits; they’ll make a killing.

[@jonahhammond2438]

Not that many people care that much

[@robertt1336]

People (myself at least) are able to purchase but partly either hurt or are afraid of being burned on depreciation of an ev. Tesla raised prices too much, knowing they’d have to lower when interest rates increased. Now they’ve dragged the whole ev market down by slashing so drastically and so quickly

[@robertt1336]

I think that and medias covering of depreciation has created a stigma that EVs are just gonna continue to depreciate and get cheaper, so has snowballed into where we’re at now. Everyone’s waiting for the dust to settle - ev manufacturers are getting SQUEEZED out of market due to it. No one like uncertainty

[@garrykanter5773]

Musk's all too public comments and actions have cost Tesla unmeasurable sales. Forever.

[@MrRubme]

EVs are slowing down because the majority of people don’t live in a home with a garage. Many live in apartments or Condos that don’t have a way to charge from home.

[@Jukeboxchigg]

I wanted a Tesla so bad but my wife was unsure. Her winning argument was the charging and now we have an Outback in front of my apartment. Not a bad vehicle at all but the charging situation is why I am not driving my dream car

[@techboss202]

Tesla needs to kick Elon to a Chief Vision Office and remove his firing powers. He is not stable and needs to be kicked down a bit to understand long-term sustainability.

[@Emma-33]

You don’t agree with financing a depreciating car with nearly zero interest?! If you want to invest, or no money or in my case clean high interest debt, then it seems wiser no?

[@jonahhammond2438]

Controversial but how long until Tesla starts putting their cars in dealers?

[@hugejardon814]

TOO Much Tech, in Tesla Controls for New Adopters . So Much Arrogance , in Elon , & No not Everyone Likes a HUGE Control Screen w/a Rectangular Steering Wheel & no Spare Tire Etc.

[@Emma-33]

Many auto makers don’t include spares anymore. Yeah it’s high tech but at the same time incredibly user friendly and simple. Elon is weird no doubt but don’t let that stop you from objectively experiencing yourself. Rent one and rip in to her, what you got to lose from experience

[@ryanfraley7113]

With Runflat it's less of an issue but manufacturers should still include them.

[@jasper9291]

Trains make so much more sense than Battery Powered Electric Vehicles.

[@TailosiveEV]

Where can I buy one?