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Tesla Daily: Tesla News & Analysis

Evaluating Tesla’s Price Changes, Consumer Reports, JD Power (02.18.21)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 19 February 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

➤ Tesla has reduced the opening price on the Model 3 and Model Y, evaluating the price adjustments and implications for Tesla
➤ Consumer Reports publishes annual automotive brand report card
➤ JD Power publishes 2021 automotive dependability study

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast
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Plaid producer Ice Lakes Investments
Ludicrous producer Fred Hassen
Executive producer Jeremy Cooke
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Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody, we're out of malware here, and today we're going to be discussing the

0:10.2

price changes that Tesla made late last night in the United States on the Model 3 and

0:14.6

the Model Y.

0:15.6

Then we also have a couple new vehicle scorecards to discuss.

0:18.6

Quick look at the stock, Tesla today finished down 1.4% to $787.38, that compared to the

0:24.7

NASDAQ down 0.7%.

0:26.9

It was a relatively quiet trading day, only about 18 million shares traded at hands,

0:30.8

and we didn't end up seeing that Ron Baron interview that I mentioned yesterday on CNBC

0:34.4

this morning.

0:35.4

Looks like for some reason they must have had to have rescheduled that, and Baron Funds

0:38.6

has deleted the tweet announcing that interview.

0:41.6

So hopefully nothing major there, I'll keep an eye out if I do happen to see something

0:44.2

about this being rescheduled.

0:46.0

Alright, so the big news for today is of course, gasp, Tesla cutting prices again, which

0:50.6

Tesla has done on the opening price point versions of the Model 3 and the Model Y.

0:55.4

But of course, that doesn't tell the whole story, they've also increased the performance

0:58.2

prices on both versions.

1:00.2

So here is a handy little table of the prices before and after the price change from last

1:04.1

night.

1:05.1

The standard range plus Model 3 now starts at $36,990, $1,000 cheaper than before.

1:11.2

The standard range Model Y, that's been reduced by $2,000, now to start at just under

1:16.2

$40,000, $39,990.

...

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