In early 2021 The Tesla Y was competing with the Ford MachE and other “crossover” style EV manufactures for sales. In early in 2021, Tesla was selling the Model Y Long Range for $50k by year end it was $59k. In 2022 the price went up by another 8K to $67k. Tesla no longer qualify for the $7.5k EV tax break so those are “real prices”.
Ford could not make the MachE’s fast enough what with a new manufacturing line and supply chain issues. People still brought Tesla’s because they could actually supply them in a reasonable time frame. Basically Tesla put the price up while they could to maximize their profit. Even with inflation I think there is room to drop the price quite a bit.
This is going to be independent of their share price which has been overvalued compared to other auto manufacturing companies.
