Cpo tesla inventory11/22/2023 The good news would be that Tesla is opening new plants in Texas and Germany to keep up with demand. It should not surprise us that Tesla raised retail prices $2,000 to $5,000 across most models in October 2021, only months after price increases across Q1 and Q2. Deliveries of some models are delayed up to a year and Hertz's recent order for 100,000 vehicles does not help to expedite consumer orders. January 2022ĭemand for Teslas - both new and used - is incredibly high. Nonetheless, it seems likely that material scarcity triggered the March price increases. Luckily, Tesla signed a deal with an alternate nickel suppliers in January. Nickel is required for lithium ion batteries, and the major exporter is none other than Russia. The other sticky supply chain issue these days is - not semiconductors - but nickel. Meanwhile, the price of a Model 3 in Germany went up €7,000 since last week, making it too expensive to qualify for for German EV incentives. Production was set to resume this week, but was delayed. Let's start with the good news: Gigafactory Berlin is online and if all goes smoothly this week, Gigafactory Austin is, too! The Berlin factory is particularly well timed since Tesla Shanghai has been closed since March 28 due to a covid lockdown in China, meaning that the world is losing out on 10,000 Model Y and 6,000 Model 3 every week. What We’re Watching: New Supply Chain Woes Note: This data is aggregated from thousands of US dealerships and presented in US dollars. There's lots of speculation about what comes next, but we don't think used prices will fall any further. With the recent increases, it is no surprise that the used Model X is following the same trend, especially as other models remain below December prices. This month we are mixing up the used Tesla models that we follow to look at the price volatility that we've seen since the end of 2021. Some models remain sold out through 2022. However, this latest round of price increases is not discouraging shoppers. The Model S and Model X also saw increases, including a $10,000 price jump for the Model X. The late-March increase to new vehicles included $1,000 extra for Long Range models, a $2,000 increase for the entry trims for Model 3 and Model Y, and $3,000 for the Performance trims. Like we saw many times throughout 2021, used prices are following a fresh round of price increases for new models, but they are also propelled by unprecedented interest in EVs as gas prices soar. After slight price drops for used Teslas over the winter months, the spring sees used Tesla prices creep back up.
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