Tesla Pricing Means That We Are Closing In On Game Over For Legacy Auto
Legacy auto simply cannot keep up.
The Tesla Model 3 is now going for $39K in the US. This is about $9K cheaper than the average price of a vehicle.
In this video I discuss how Tesla has an afforability problem and, if they are addressing that, it is game over. Legacy auto with ICE simply cannot drop their prices at a pace to keep up.
▶️ 3Speak
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wow making teslas affordable and not premium O.O goodbye og players
Affordable is a relative term. Going to be interesting to see how quickly prices can drop especially when the new model is introduced.
O.O well its at least more accessible to more people with lower incomes than the previous models? Competition is always good :3 gotta get the best value you know
I wouldnt say lower incomes since the car in the US is still like $40K..and goes up from there.
But better than $80K.
ok not lower income but the price point opens up to more potential people instead of mostly upper/ upper middle class people
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Summary:
In this video, the speaker discusses the state of the automotive industry, focusing on Tesla and its impact on traditional automakers. He highlights the decreasing cost of Tesla vehicles, particularly the Model 3, and how this competitive pricing is challenging the traditional automotive market. The speaker emphasizes Tesla's affordability compared to other brands and predicts further price reductions in the future due to advancements in battery technology and manufacturing efficiencies. He also touches on the issue of advertising versus affordability and how Tesla's pricing strategy is expanding its market reach. Additionally, the speaker mentions potential competitors like Rivian and BYD, discussing their market positions and potential impact on Tesla and legacy automakers.
Detailed Article:
The video centers around the prominent changes in the automotive industry brought about by Tesla's competitive pricing strategies, mainly exemplified by the Tesla Model 3. Task points out that the current $39,000 price tag for a Tesla Model 3 is $9,000 below the average US automobile price, underscoring the industry's pricing disparity. He notes that Tesla's prices are approaching those of more common vehicles like the Toyota Corolla and predicts further price reductions as the company achieves cost savings, notably through advancements in battery technology.
Taskmaster also delves into the affordability dilemma faced by Tesla, contrasting it with traditional automakers like Ferrari, which cater to a niche market due to high prices. He stresses that Tesla's move towards lower pricing broadens its consumer base and addresses the affordability issue rather than an advertising problem. By gradually lowering prices, Tesla aims to capture a more extensive market share by making their vehicles accessible to a wider audience.
Furthermore, Task expands on the competitive landscape, mentioning Rivian and BYD as potential players in the electric vehicle (EV) market. While acknowledging Rivian's progress and potential viability as a company, he sees BYD's focus on more affordable vehicles as an indicator of the direction Tesla might take. He emphasizes the headwinds faced by traditional automakers in the wake of Tesla's aggressive pricing and expanding product range, foreseeing challenges for their survival in this evolving market landscape.
In conclusion, the video underscores Tesla's disruptive impact on the automotive industry, driven by competitive pricing, technological advancements, and a shift towards affordability. Task points out how Tesla's strategy is reshaping consumer expectations, pressuring traditional automakers to adapt to a changing market environment or face potential obsolescence.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.