Tesla Model Y also dropped its price on Model Y RWD and LR. Same price for Performance.
Prices above exclude on-road costs (varying per state).
Tesla Model Y: RWD $62,700 (Was $65,700), LR $71,700 (Was $74,700) + On-Road Costs @ Tesla
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I've never had to wait anywhere to charge my car. I've also never had to wait out in public to charge my phone. I charge both at home.
I'm in the same boat, but the reality for many renters is that's not possible. Gotta say though… Charging the whole battery for $6 doesn't hurt at all 👍
lol quite happy to drive around a 5k BF LPG Falcon for another 5 years. Rebuilt the car for 3k including new brakes/converter/bushings/koni shocks. The new cars literally drive like rubbish. The Teslas interiors also leave a lot to be desired, Teslas are cool if you like playing with an ipad/changing RGB light colours though. Probably a good car for the mechanically illiterate. Cars certainly aren't made like they used to be, and the BF wasn't exactly a great car albiet better than essentially every modern car that isn't a Toyota.
Ahh, ozbargain delivers.
My near 20 year old falcon drives better than a brand new electric car that is the #1 safest car in the world.
Righto.
It does drive better. Anyone who's actually mechanically minded would be aware most cars over the past 2 decades have become complete rubbish. Mainly due to emission laws gimping engines and cost cutting on suspension/interiors/engines along with overall quality control. You're aware FWD's inc the Corolla use an identical suspension platform to the 1980's? Same car with cheaper everything else, the only improvements are safety.
How many cars have you built from your keyboard? Or how many drive magazines with your morning coffee? It's 32 years old btw. You should youtube the physics of a cvt transmission, also most modern engines are aluminum oil burners. I can't remember if it was Toyota, but same engine from the 90's, one less oil ring on the piston, turned a bulletproof engine into trash.
Sounds like this deal isn't for you. I always find it amusing how people need to tell others that their, unrelated very specific, situation is better than others. If you are paying nearly $100k in tax why not put that towards a car that you don't have to pay $2.30 a litre for in petrol?
Negative gear, throw a ladder on your roofracks, or start your wife a tupperware company.
May as well just pay the tax instead of giving it to China. Tens of thousands on disposable vehicles is a poor use of money
Funny the best country is least incentivised towards ev due to the price
Competition is a great thing and if it wasn't for the Chinese EVs Mr Eloma wouldn't have bothered.
Depreciation on EVs is horrific. Depending on your point of view this is either terrible or fantastic.
Terrible, because if you bought one the resale value is falling rapidly, but great if you're like most Australians still waiting to buy one because EVs are still too expensive.
Aging Wheels on Youtube bought a Polestar 2 two years ago for US$72k. His trade in value is now just US$18k. That's US$50 of depreciation every single day.
EV owners shouldn't be surprised by this however. Look how fast and far computer prices and solar panels fell as the technology matured. CATL is predicting battery prices will fall 50% just in 2024.
I wouldn't be surprised if we see $50k Tesla 3 deals by December.
The only thing Tesla can do to raise sales is keep cutting prices. The Tesla 2 is still over a year away (Musk time), or realistically at least two to three.
You aren't considering that as EV uptake increases (haven't you noticed the insane amount of Tesla's around?) that ICE car demand will go down, leading to a huge surplus of ICE vehicles and a huge drop in price.
Fuel prices are only going to go up
ICE car demand will go down
Fuel prices are only going to go up
You're not thinking this through are you?
It would be correct if fuel production decreases.
It is a possibility, time will tell.Why can't demand for cars go down and fuel prices go up?
Why can't demand for cars go down and fuel prices go up?
https://www.investopedia.com/terms/l/law-of-supply-demand.as…
@1st-Amendment: I'm not sure what you are trying to say here
Petrol stations can name their price, you can't go anywhere else. In an example scenario where they know they will be bankrupt in 20 years, they can just charge more for this time, I don't think they are going to sell cheap fuel in a bid to keep people from switching to EV's.
People can just switch to EV at any time, so there is nothing stopping ICE demand from dropping as studies have shown once people go EV, they don't go back.
I'm not sure what you are trying to say here
That is obvious
Petrol stations can name their price,
They can't if they want to maximise profits which is what all business are trying to do. Market forces are a thing. The link above explains this.
you can't go anywhere else
You can go to another petrol station that offers more competitive pricing…
I suggest read the link I sent above. It explains how this works.
In an example scenario where they know they will be bankrupt in 20 years
This is a fantasy scenario not based on anything in reality. The personal transport market is only 45% of all ICE usage, and since at least half of those can't use EV for range/practicality reasons, you're looking at a best case scenario of a drop in demand of about 20%. A drop in demand will mean a drop in price, just like what happened during Covid.
People can just switch to EV at any time, so there is nothing stopping ICE demand from dropping
Some people will switch, but many can't. And we agree that ICE demand will drop, but that will cause petrol prices to drop, becasue that is how economics works.
studies have shown once people go EV, they don't go back.
Fanboy blogs are not credible studies, but feel free to post these studies if they exist. Carsales.com.au has plenty of cases of EV's being sold because the hype didn't live up to reality. But this has nothing to do the fact that reduced demand for petrol will result in a lower price.
Actually the main issue is with the closing of petrol stations. Just like bank branches / ATMs, there will get to a point where running a petrol station is just not economical. So either they close, or charge a much high price for the fuel.
It might not happen in the next 5 years, but definitely possible within the next 10-15 years.
Actually the main issue is with the closing of petrol stations.
That is not an issue. There used to be 25000 petrol stations in the 1970's now there's 7000. Was that an issue for you? If that number drops to 5000 it still won't be an issue.
there will get to a point where running a petrol station is just not economical. So either they close,
Still can't see a problem here. Because while there is still demand, there will be some petrol stations. Some will close due to reduced demand, but others will remain open.
or charge a much high price for the fuel.
This is where the logic goes out the window. If you are struggling to keep a business afloat, raising prices never solves that problem. Name a single example where that has worked. If you are a struggling business, the fix is to reduce your prices to try and generate more business. This is precisely why this website exists. You are seeing this in action every day on this site.
It might not happen in the next 5 years, but definitely possible within the next 10-15 years.
Not possible in our lifetime. While oil reserves exist that last hundreds of years, and people wanting to profit from it, there will always be supply. And economics 101 tells us that if supply is steady and demand drops, then prices will drop.
Are you ready for a world where electricity prices keeps rising and petrol prices drop? Because that is a possibility.
@1st-Amendment: I agree, there is a possibility of electricity prices increasing.
My point was that if petrol stations really get to the point of not having enough business, the few left would charge higher profit margins just to cover the basic costs. It’s the same with ATMs, or Australia post with letters. $1.50 for stamps with reduced delivery simply because it’s getting harder and harder due to lack of demand.
if petrol stations really get to the point of not having enough business
The last government report showed something like 50% of vehicles are unlikely to transition in the next 20 years because EV's don't work for those use cases. eg Range, load, remoteness, industrial/agricultural applications etc. So there will be enough business for decades to come. Not all will survive, but enough will.
the few left would charge higher profit margins just to cover the basic costs
But that would just lose them more business, so it makes no sense. The people who own the oil want to make money so they will do whatever it takes to keep customers coming through the door. If demand for their product drops, they will be forced to drop the price, or go out of business. We saw this exact situation play out during Covid.
It’s the same with ATMs
Bank ATMs are still free to use despite massive reduction in demand because competition exists. Some private operators offer pay-to-use ATMs but that's just competition in action. You have the choice of paying for an ATM close to where you are, or go to your bank and use one for free.
or Australia post with letters. $1.50 for stamps
Auspost is different because it's a government monopoly. So market rules don't apply. This actually highlights a great example of where government interference creates monopolies and makes services worse and more expensive for consumers.
Competition is good. And EV's will offer competition that will likely drive down fuel prices (Assuming the government doesn't interefere to artificially increase prices which it has a habit of doing).
The catch for electricity consumers is that because electricity is also a government monopoly, you are more likely to get rorted since they can force you to pay whatever they say.So in free markets with genuine competition, supply and demand rules apply. In government controlled monopolies, we all get shafted.
Have you read all the articles and stats about whats happening overseas? Where are are you obtaining information regarding the EV uptake? Its been relatively slow - its actually hybrids that are on the rise
Fuel prices AND electrical prices are set to rise, and fast charging rates are set to rise too.
Tesla uptake has slowed for obvious reasons but companies like BYD have exploded in sales.
When it costs $15 a week to charge your vehicle, even 2x electricity prices won't make much of a difference, and thats excluding if you have solar at home.
Hybrids are on the rise only because thats almost the standard new car that is available as its a way to reduce fuel consumption.
You only have to look at the amount of BYD cars you pass every day in traffic to know that EV's are coming in very fast.
@samfisher5986: Just to interject here, costs to charge per week (depending on weekly travel distances of course) are nowhere near that high utilising a time of use tariff energy plan. These are popping up with almost every energy provider now.
My current time of use tariff with powershop in QLD is 10.03c/kwh between midnight and 4am every day of the week, so it becomes habit to just plug the car in (like a phone) and let the wall charger schedule the electron juice delivery between those hours for about $3 per night. Takes two nights and the car is low to 100% charged. 60kwh battery pack in our case, so not small, not huge.
It doesn't take much power company research to find an OK plan with reasonable time of use rates.
@samfisher5986: I am indeed. We'd spend $6 to at most $10 per week, and did 22,000km last year. It'd cost about $330 for 55 full charges to cover that many km in a year roughly, at our current rate. Get about 400km to a charge.
And I should add, the one time I added up all diesel costs for our i30 for a year, every trip to the servo added up to around $1900+ for travelling fewer km.
@Torch000 Incorrect. Q1 sales are down on Q4 but that happens every year. Q1 is higher than last Q1, as it is every year.
https://cleantechnica.com/2024/04/23/iea-2024-global-ev-outl…
Go have a look at CarSales.com.au . I'd love to buy a KIA EV6 but ones with 30,000kms on the clock are only ~$10k to $5k less than brand new!
If you have access to novated leasing through your employer you can save a LOT of money on an EV. I bought one recently and the total of all repayments over 5 years PLUS the residual at the end of the lease was less than buying the car in cash.
After considering tax benefits you mean?
Yes. This is based on our out of pocket costs. Essentially you can direct some of the dollars that would be going to the ATO into car repayments. You never would have pocketed those tax dollars anyway.
ah yes my calculations are the same, did you opt for 5 year leases on numbers or for simplicity?
@MayhemVC: Personally I wouldn't go over 3 years. 3 years is the sweet spot for most people. Its not worth paying for interest past that. But, everyone has different circumstances.
@LennyT: No you can't but you get the GST (10%) off the price with a novated lease which, in my case, was more than $6k. And ALL of the repayments are essentially reduced by 45%. The economics are wildly different if you are purchasing, getting a car loan or going through a novated lease.
@MayhemVC: Sure is. But did you compare your cost ending at 3 year (plus 2 years extra running expenses at no sacrifice) and 5 year? It didn't make sense for me to run a 5 year when the interest rate is so high.
@LennyT: No I didn't compare. Being a bit of a cynic I'm assuming that the tax incentives being offered on EVs in 3 years won't be as good as they are now (like what they did with solar feeding tariffs). Even with the high interest rates it's still cheaper than paying cash.
Isn't this not beneficial if you have the money to buy outright due to their fees and interest taking away the saving?
Perhaps good if you don't have the cash to buy outright.
If u r at the top tax bracket, novated leasing works out better than buying out right.
This is correct. In the top tax bracket it is cheaper to lease than purchase outright. I have enough cash to buy outright but it doesn't make sense to do that. Impressively the lease repayments also include all insurance, rego, servicing and fuel (electricity) for 5 years. Plus one change of tyres.
@MayhemVC: I was looking into this too, on paper at 45% tax rate (plus medicare levy?) it seems pretty compelling.
Fees/interest of lease would also be partly offset by not spending any money upfront so save interest on a mortgage for example.
I'm never one for leases, but out of pre tax dollars it seems like a great offer, am I missing anything?@cook99: I don't think so. I've never heard a vehicle before, usually just buy cash. But yes, the money that would be spent upfront would be best or against a mortgage or invested.
I went through all the numbers several times. My other car is a Corolla Hybrid, I looked at leasing a second one of those the repayments were higher than my EV (EV is about 3 times the cash price of the Corolla). I guess your risks would be losing job and not being able to find another that support novated leading and/or the leased vehicle being worth less than the residual.@MayhemVC: What if you are not on the top tax bracket? My work doesn't offer it but my wives work does. Would novated be beneficial vs paying outright with approx $90k salary per year?
@arcticmonkey: Everyone is different. You have to work it out or get a tax accountant to look at it for you (or yourself). It comes down to who you can get the lease with and what benefits you have. If you work for the QLD GOV, you don't pay any fees. you only pay interest and if it is an EV or PHEV, you get to package the whole amount out of your pre-tax. If it's a normal car, it is 70% pre-tax and 30% post-tax.
@arcticmonkey: I found that the numbers you get from here are pretty accurate.
https://www.smartleasing.com.au/
Some of the comments here are just so absurd, I would dare to say 99% of the naysayers have never even driven an EV let alone a Tesla.
Honestly have no issues with people saying it's too expensive, fair but ffs saying you hate Elon hence you hate the car (I have no bias towards him) is just retarded.
When you look for a car, at least hear it from someone actually owns it.
I've been driven the Y since July 2023 and here's my experience.
- I don't have a charger at home but nearby shopping centre has both paid and free charging. Paid circa $50 so far, rest free charging = $2k saving
- no range anxiety as I generally use it for city driving. Went on a few road trips, no wait at charging station (didn't go during peak public holidays)
- Tesla charging network is great. Sure it has opened to non-Tesla cars but you gotta pay a subscription fee and only some charging stations opened this up
- Resale value/depreciation, each to their own - I don't buy a car thinking how much it will be in 5-10 years time but I know some people do take this into consideration, fair call
- Battery degradation, again, each to their own- I'm not too worried, been looking through various forums and studies, it's not that bad. Someone in Aus driven 200k km+ still using the original battery. No issues
- Ongoing cost, no services required regularly vs. ICE. So far I have only changed window wash fluid. $30 bucks that's it. Had Tesla remote coming to my place to check some internal defects ended up to be ok and they replaced something else for free.
- Y offers big space, which I enjoy. Futureproof.
- Regular update is cool although sometimes the updates are quite meaningless
- Those who keeps waiting for further price drop. This is basically a technology car and if you have some common sense, you will understand you can never catch up to changes in this space. Next minute the car drop to $40k you will think it will be $30k soon , then some other good cars might come out in the meantime. Go into this vicious cycle of complaining about prices.
- BYD/other EVs: sure there are cheaper ones out there, I personally love the Seal but one thing people tend to forget is technology advancement and battery efficiency. Tesla has been in the game for so much longer their battery effiency trumps the others. I have spoken to a few BYD owners, they hated the "fake range" indicator. I saw two guys in my complex changing from Polestar to Tesla within 6 months
Someone in Aus driven 200k km+ still using the original battery. No issues
Out of curiosity can you cite this for us?
Tesla has been in the game for so much longer their battery effiency trumps the others.
I thought the likes of BYD make the batteries supplied to Tesla - or did I get this wrong?
Out of curiosity can you cite this for us?
This? https://www.carsguide.com.au/car-news/how-long-do-tesla-batt…
I thought the likes of BYD make the batteries supplied to Tesla - or did I get this wrong?
Tesla's batteries come from all over the place, some inhouse and some from other partnering companies.
One of the group's admins - he's an uber driver 278,098km, 89% batteyr health Model 3SR+ 2021
397km shown at 100% charge , 424km when first delivered in March 2021
Not sure about suppliers
Nathans car has a CATL produced 55kwh LFP battery.
Tesla cars that we get in Australia are either Panasonic/LG NCM cells or CATL LFP.
Only Model Ys coming out of Giga Berlin have LFP packs at the moment.
There are different types of batteries. The ones used in LR and performance are NCA/NCMs which are more energy dense and have higher performance but more prone to degradation. The blade LFP ones such as those supplied by CATL are fitted to some models of SR as they are less energy dense but more durable
Also here. Tesla Model 3 has done over 650,000 km on original batteries in Australia. Battery was replaced under warranty. He also mentions that he pretty much exclusively used fast chargers and charged to 100% which is not great for battery life.
https://youtu.be/wOFfKQ7SxEg?si=oz9kRdfOo97LlLoM
BYD has been making batteries longer than Tesla has been making cars..
not great for current owners
not great for current owners
Like many other products, other cars get discounted too over time, usually like EOFY sales. Same situation.
More like end of model life at which point the car's value automatically plummets unless the replacement is much more expensive.
Interesting dataset on Tesla battery degration. Was shared through to a few EV groups.
https://www.youtube.com/watch?v=hTt2libO-vMIf it is worse than tesla advertise it is clearly false to the fanboys. If it is better, than the data will have something wrong with it for the haters.
To the ICE lovers either way it will be a reason to never switch to an EV.
Fanbois love to quote the outliers as proof of their position. Let's take a look at the rest of the sample and see what the actual battery degradation is like. (I admit to having no idea what the average is but it's the same as saying my Honda/Toyota/etc has done 500k km and still going strong as proof of the car's longevity.)
How much did you spend servicing your fossil car every 10k km.
We're talking about battery degradation, not servicing cost.
@sauce2k: I'm not crapping on anything, merely stating facts that there will always be outliers.
Just because you own one doesn't mean your ownership experience is universal. Who's ignorant then?
@sauce2k: The fact that there will always be outliers in any sample you care to name. Simple statistics, evidently a subject you never took at school. I don't need to own anything to be able to state that with certainty.
@gadget: @gadget lol now let’s go with some personal attack lol. Let’s just ended there boomer, whatever makes you feel happy like filling up petrol at $2.33/L. People like you hate changes, usually the ones that’s being left behind at the end of the day. Hope you are better at facing changes at work or r you unemployed? Happy days cya
@gadget: You are actually a loser lol. Start some bs then being a hypocrite. The internet is filled with trolls like yourself who doesn’t own something but loves a good battle.
@gadget: I recommend 100% to all ICE lovers : they should continue to give their hard earned money to the Saudi Fossil Fuel Sheikhs.
"You do you, I'll do me." I will keep my $ to myself.
I secretly (or maybe openly) enjoy seeing them at the bowser… as I drive past.@gadget: You do realise these are rated for 1500 cycles, or about 600,000km and even then you will have 80% capacity. You are misinformed
What a bargain.
Model Y long range. Yes please!
Seems to be constant discounting. Can probably hold out.
Nice. Got my tesla model Y RWD on Feb and paid almost 71K. Lost almost 5k in 2 months. Thanks Elon (sigh)
I don't get why people are upset. You should be really buying a car with the thought in mind that it is basically a worthless asset in 10-15 years anyway. That is how long i'd expect a car to last before contemplating a new one.
You haven't lost anything. You just didn't buy the car at its cheapest price. But the price was right for you to buy it so….
Lots of manufacturers offer drive away pricing throughout the year, or include upgrade packs as standard. These type of discounts are typically around $5k. Don't sweat the small stuff.
I assume you are not use to capital losses
Buys a new car - complains about losing money.
Anyone still wondering where society is at, including all this talk about a cost of living crisis? How about a cost of ignorance crisis?
Great price. Got mine for $74k the moment it was released in 2022. Obviously not happy with my resale but it has been a perfect family car. Charging at home with our solar is convenient. Waiting on the X to come out then maybe i will move to that.
X yeah I dunno….. Tesla tends to focus on what makes the most money
Is why they got rid of all those Model S and X that was being sold before
Would the discounted 2024 inventory Y with silver wheels have Hardware 4 cameras?
No only the new orders have hardware 4 per the tesla centre guy I spoke
The worse part is having to deal with that POS CEO.
How often do you have to deal with Akio Toyoda if you own a Camry?! 🤔
IKR
This is about $7k less than MY2022 when Model Y first came out in Aus. Sad to see this is still true:
Home charging equipment is not included with your vehicle. To purchase separately, visit the Tesla Shop.Can you afford a Porsche 911? LMAFO……..bye.
I could possibly afford this one https://www.carsales.com.au/cars/details/2002-porsche-911-ca…
But I don't think I'd buy it.
Also, I'm not sure I understand the question 🙋
he just wants to drop that he can afford a 911 at every opportunity. funny thing about money is there's always someone richer than you, especially on the internet, so you are not going to have a good time if you base your selfworth on what car you can afford
@May4th: I figured by the name, it was a joke. Actually wealthy people don't plaster it across the internet.
@JownehFixIT: @JownehFixIT Remember to wave to my $500k Porsche 911 when you drive by in your Tesla battery toy car,
More Chinese junk.
Had a test Tesla for a day recently. Reminded me of my gocart I had 50 years ago.
Imagine waiting for 40 minutes to charge your tesla when in a year people are fully charging their EVs in 10 minutes. Obsolete already: https://carnewschina.com/2024/02/26/li-megas-catl-qilin-102-…