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Tesla Model S Ludicrous Performance (née P100D) - From $164,465 (33% off - was $248,000+)

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Didn't expect this to be my first post, but here we are.

Obviously not a deal for everyone, and still a high yield investment depreciating asset, but Tesla has adjusted the price on their highest end Model S and Model X by about 33% which is a pretty significant saving of about $82,000 - $85,000 (or thereabouts) varying based on on-road costs for whichever state you're going to register the car in.

E.g. VIC pricing

  • Tesla Model S Ludicrous Performance (previously known as P100D) - $165,529 (was $248,112)
  • Tesla Model X Ludicrous Performance (previously known as P100D) - $172,502 (was $258,402)

For anyone previously looking to buy one of these, the value proposition has become a lot better. Still not for everyone. A pricing change of this magnitude is pretty much unheard of in the automotive industry, so it should be interesting to see what impacts it has on the resale value of existing used cars.

Here's an article from Carsales summarising the changes

UPDATE: These prices will only be valid until March 18th 2019 as Tesla will be increasing prices to make up for closing less stores than initially planned. They estimate 3% on average, but this higher margin variant may end up absorbing a large portion of the price increases.

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closed Comments

      • +6

        There are NO discounts on real estate. A house is only worth what current buyers are willing to pay for it…

        • +1

          And also worth what sellers are selling for.
          Only stupid buyers pay more.

          Sellers, especially those greedy daisy-chain loaners will be desperate to offload some of their properties to reduce their multi million interest only debt.

        • +1

          You get a discount if you can haggle the seller into letting it go for less than they wanted.

      • By deal you realise I mean a post on OzBargain?

    • +30

      Every deal has a potential $80,000 discount if you Broden it.

      $1 off cheeseburgers? buy 80,000.

  • +3

    How much Aussie tax on America/Europe still?

    • +20

      This is actually a pretty good deal. P100D Model S in USA is $139,837 AUD so adding on some LCT and this is 1:1 pricing

      Much better than porsche where the price is still 2x the USA / UK price

      • +2

        they pay 6XXXX for M3 while we pay 6XXXX for a 3, Australia government should do something

        • -6

          US$60k =/= AU$60k

          • +6

            @Mitch889: In the UK an M3 is about 55k pounds or a bit over $100,000. Here they are ~$155k+ on road expenses, etc.

            • @[Deactivated]: That doesn’t account for any spec and equipment differences. M3 Pure has been on special for $119k drive for ages.

              • +4

                @Mitch889: That's comparing completely different models then so pointless. The M3 pure doesn't exist in the UK yet. My prices are similarly equipped base model standard M3s. So its a bit weird that you'd criticise my price comparison where there may be slight spec differences, when you're happy to compare completely different models.

        • +3

          The Australian gov't is doing something. They're spanking us with taxes, hence the price diff.

    • +37

      For those in the market, how is it not?

      • +2

        Ah, to be the 0.1% of OzB…

        • +3

          According to the forums, the average OzBargainer is earning $350K per year. $200K is the poverty line. :D

    • +15

      Dictionary result for bargain

      /ˈbɑːɡɪn/

      noun

      A thing bought or offered for sale much more cheaply than is usual or expected.
      "the Tesla Model S was a real bargain"
      synonyms: good buy, cheap buy; (good) value for money, surprisingly cheap; informalsnip, steal, giveaway
      "this Tesla Model S is a bargain at $164,465"

    • +8

      A 33% reduction in price doesn't count as a bargain in your book?

    • +9

      Time to get a better job mate

      • +2

        And lay off the smashed avo

  • +179

    thanks bought 5

    • +56

      OP just saved you $400,000. This is epic.

    • +4

      Different interior for each weekday?

      • +13

        They're for eBay.

        • I’ll wait for the 10% off site wide with max saving $17000 deal then!

          • +2

            @DocC: Excludes giftcards and cars :D

          • +1

            @DocC: Look out for the jacking…

    • dad, 1 is for me right?

  • +32

    That's a lot of eneloops

  • +6

    Can I mod this with eneloops?

    • +2

      Nope, but you can with 18650's!

      • Don't they use 20700 or 21700?

        • +2

          Model S & X use 18650. Model 3 uses 21700.

          • @reecho: Thanks. LOL, should make it easier to find "tesla pulls" now I know which models have 18650.

          • @reecho: same as my torch

  • +12

    B28?

    • +14

      Notification LED?

      • +9

        aka Blinkers

  • +85

    Officeworks price beat?

    • +66

      They don't have the same colour.

      • +22

        Anyone got a receipt for price match

        • +12

          Ask the guy that bought 5. Cheaper at OW if you bulk buy.

          • +1

            @DarkOz: Gonna look and see if any price errors or matches at Hardly Normal and JB High Five.

    • +1

      the best thread I've read.

  • +4

    How can someone earning under 6 figures can be an owner of this car? I’m a big fan of Tesla but don’t have investment and don’t want to pay more than 5% interest rate. But very good first bargain post. +1 for sure.

    • +76

      pretty sure people earning under 100k aren't the target market for a $100k+ car

      • +2

        I earn over 100k and Id be rolling in early 00s Honda lol.

        Do you reckon chicks would dig this enough to Netflix and chill with me? That would make it worthwhile.

    • +27

      This car isn't really targeted at people earning less than six figures. It'd be possible to do it, but probably a very poor decision.

      • -5

        I think you mean 7 figures or high 6s…

        • +24

          I'm earn low 6 and if I didn't have kids this would be very tempting, but since I have kids, I drive a Hyuandi. :'(

          • @FabMan: Do you send your kids to elite private schools and stuff?

            • +4

              @exit: Considering it, they are too young at the moment. But then that is beans on toast while they'll grow up and have nothing in commom with their idiot parents.

          • +2

            @FabMan: I too would get this if I didn’t have kids- instead about to pull the trigger on a Kia carnival…

          • -5

            @FabMan:

            I drive a Hyuandi. :'(

            If you can drive 'Hyuandi', i am pretty sure you'd be able to afford 'Telsa' too

          • +5

            @FabMan: "drive a Hyuandi"

            And on the 18th birthday he found out it wasn't his?!

            • +1

              @Antikythera: Hey man he never said he won the superbowl…

          • @FabMan: Whats your occupation?

      • +5

        It'd be possible to do it, but probably a very poor decision.

        Why would it be a poor decision? By the time that someone earns above $30k - $40k per year, they have enough to cover their basic expenses like food, groceries, bills, rent…etc. So any amount above that can be spent on luxuries. What those luxuries are will depend on what their interests are. Some people like holidays, some people like cars, some people like big houses…etc.

        There's this very negative stereotype that cars are a "bad" interest. It's a "very poor decision" to spend $160k on a car, but somehow not a "very poor decision" to spend $20k on holidays every year for 8 years. Just seems like different interests to me.

      • +1

        Nice electric cars would become cheap and ubiquitous before I even paid off the interest portion of this car loan. Or people will summon self driving Apple Cars from their iPhones for pennies per trip, meanwhile I'm still paying off this clunker.

    • +37

      Make it your primary residence?

      • +4

        And also benefit from 0% CGT!!

        • +2

          Not really 'also' a benefit as cars are already exempt from CGT 😋

          • @trunks: If you sell your car for above retail, you have to pay tax. Rare situation but people who buy Porsche GT2 RS recently and "made" 100k+ profit had to pay back luxury car tax

      • I think most OzBargainers would have to to buy it :).

        But a bargain is a bargain, hence my plus vote.

    • +1

      Well they do have 4.79% rate loan but this would be just a few hundred dollars less than my home loan. This is crazy

      • +1

        I think that would be a good idea to make it a PPR. But I have a family me, wife and a child so probably not a great idea. But hey if someone could offer me a job which would get me into 6 figures that would be ideal. I’m actually not too far away from it being in IT industry.

    • +4

      That's what the model 3 is for.

    • +10

      If they work at Westpac it might be possible.
      They can get good rates ;)

    • +1

      get the batteries first and work your way up? lol

    • Tesla will lease you one with less than 5% interest

    • Rule of thumb is cost of car = 50% of your household income.

      This car is aimed at people with household income of $250-300k.

      • +1

        Maybe we run in different circles, but most people I know it's less than 20%. Mine is about 3%, but hey I'm not in investment banking.

        • The rule of thumb is for the purchase price of car.

          $50k car financed over 5 years is $12k/year, which is fine for a $100k/year family.

          • @[Deactivated]: That's like a second rental, crazy. I'd much rather drive my wholly paid car, at a cost of 15% of my annual salary - and put the difference towards my mortgage.

    • Used one are going for around $70,000

  • +4

    Thanks OP, ongoing savings too, brown coal is cheaper than petrol

  • +3

    What's the battery life like?

  • +4

    Better buying already depreciated 2nd hand

    • When I looked they were 80% of new price for a three year old car. Ew.

  • +25

    If Tesla can make Model 3 under $50k… I’ll be rallying my apartment strata to install a charger. And if that happens, I’ll definitely get one and will never visit a gas station anymore.

    • +1

      35k usd is currently just under 50k aud, but by the time you add 10% gst and ORC you’re basically needing the aud to get a fair chunk closer to parity before under 50k driveaway happens unfortunately.

      • +4

        Kona EV

          • +10

            @[Deactivated]: Do they have Autopilot, Summon, Superchargers, frunk, app controls, dog mode, and sentry mode though?

            I feel like hardware wise, even though Tesla is behind, the software improvements that they make constantly is really amazing.

            • +3

              @TimApple: Most people don't give a crap about most of those things. Aside from autopilot and superchargers (which you could argue Tesla barely has in Australia anyway), they are just gimmicks.

              There is a small market of tech heads who are interested in this stuff but the Venn diagram of those who are interested and those who can afford is far from a circle.

              The conservative buyer is already moving to Hyundai from Toyota. The average buyer is not going to buy from an unknown brand when there is a roughly equivalent model from a brand they know and trust.

              • +4

                @[Deactivated]: True, I don’t expect 90% of people to be tech heads to be into these kinds of stuff.

                Having said that, the constant software update means that in 2024 your Tesla might have completely new features whereas the Kona wouldn’t. And if autonomous driving is perfected, Tesla will be one of the top players. I think when you say “Kona is better than Model 3”, some people will appreciate these kinds of things more than the 90% of people.

                It’s like in the 2009 people who bought Nokia phones because “They’ve been making phones for decades” will miss out on things like WhatsApp or Instagram when they launched in 2011, whereas some people who got iPhones or Android can enjoy the new functionalities. Sure, the tech heads will be the people who bought Android and iPhones in 2009, but I think they end up with much better deal.

                • +3

                  @TimApple:

                  Having said that, the constant software update means that in 2024 your Tesla might have completely new features whereas the Kona wouldn’t.

                  Software features.
                  You won't get new hardware added so any new features will be limited by the current hardware

                  And if autonomous driving is perfected, Tesla will be one of the top players

                  They would be better is Tesla didn't refuse to install LIDAR instead of image based autonomous driving.

                  With LIDAR navigation there would be people still alive who gave died because of shortfalls with image navigation.

            • +1

              @TimApple: You forgot to add the very important fart mode!

            • @TimApple: The Tesla might be better in every way but Hyundai has an EV at less than half the cost with the same range. The Tesla "experience" in my state is minimal and they have an allotment shed as a service centre.

              • @reecho: I agree. That's why I'm not buying a Model S. The Model 3 though… I think it's pretty good value for money.

            • +1

              @TimApple:

              Do they have Autopilot, Summon, Superchargers, frunk, app controls, dog mode, and sentry mode though?

              They are all nice things but autopilot is the only one you would potentially use daily.

              Id be just as happy with speed limiting cruise control on my current car though

            • @TimApple: How do you Kona won't have software improvements?

          • @[Deactivated]: Indeed. That's why I have ordered one…

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