4.8 • 1.1K Ratings
🗓️ 2 September 2023
⏱️ 18 minutes
🧾️ Download transcript
➤ Tesla significantly reduces prices on Model S/X
➤ Tesla lowers price of FSD
➤ Cybertruck frunk photo
➤ Calendar
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Executive producer Jeremy Cooke
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Executive producer Jessie Chimni
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Executive producer Richard Del Maestro
Executive producer John Beans
Disclosure: Rob Maurer is long TSLA stock & derivatives
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0:00.0 | Hey everybody, Rob Maurer here. Happy Friday, the whirlwind of news that we got yesterday |
0:11.3 | continued into the evening after the Model 3 Highland updates. We had pretty massive |
0:16.0 | price decreases on the Model S and Model X. Tesla's also got the price on FSD. So we'll |
0:21.7 | talk about that. We also have, of course, another day of reaction to Model 3 Highland |
0:25.6 | and a couple of updates on that as well. So with the news of the price cuts today, Tesla |
0:30.7 | finishing down 5%, so obviously tough to get a gauge for how much of that's impacted |
0:34.3 | by Highland, how much of that is impacted by the S&X price cuts. But nevertheless, Tesla |
0:39.0 | down 5%, the NASDAQ barely finishing in the red today, but basically flats on the day |
0:43.8 | today. So we're going to jump right into these price cuts, very significant. So S&X decreased |
0:49.6 | on the base price versions by 15% to 19% in total. The very short-lived standard range |
0:57.6 | software-limited vehicles that Tesla introduced two weeks ago are now gone forever. A very |
1:05.5 | short-lived product for Tesla, which not surprising, even when those released since we kind of |
1:10.5 | figured out at that time that they were software-limited, we talked even in that episode |
1:14.4 | about how this was probably a test of some sort for Tesla. I think I had mentioned that |
1:19.1 | maybe that was them trying to see if it was, you know, justifiable to then release or |
1:23.6 | produce a version like that that was not software-limited, but rather actually had a smaller |
1:27.6 | battery. So I'm not surprised to see a quick reaction after Tesla's sort of had that two-week |
1:33.0 | trial period now. I am a little bit surprised to see the prices cut this far, although we |
1:37.2 | talked about the Model X kind of eventually moving in this direction because of the tax |
1:41.1 | credit. So let's look at these prices on the Model S. I guess we'll start with X since |
1:46.0 | we're on this page here. The dual motor all-wheel drive opening price point version now starts |
1:50.0 | at $79,990 and the S $5,000 cheaper than that at $74,990. The Model X plaid $89,990. So by far |
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