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Tesla vs Toyota: The Tale of 2 OEMS in Early 2023, A Glass Cage Of No Motion In Denver
Manage episode 352421314 series 2988189
It’s Friday, friends. Today we contrast the operational ongoings of Toyota with Tesla in the first few weeks of 2023. We also talk about a potential mess for local Denver residents as a Carvana parking garage sits empty.
- Tesla has seriously slashed the price on its bestselling Model Y Long range. After a year of, to quote Elon Musk, “embarrassingly high prices”, the company announced a whopping 20% price cut to its most popular Model Y Long Range bringing the price down from over $65k to under 55k.
- It will now be eligible for the $7500 federal incentive
- Base Model 3's price was cut $3,000 to $43,990.
- Starting price for the Model S dropped $10,000 to $94,990
- Midsize Model X SUV dropped $11,000 to $109,990.
- NOTE: the 3 row Model Y is considered an SUV (category has an 80k cap)
- Stock down 4.5% in response to the news
- In contrast to that story, Toyota’s Jack Hollis, Toyota’s executive vice president of sales, is talking about all the pent up demand for Toyotas and Lexus…at their normal prices
- Dealer Steve Gates, 2023 chairman of the Toyota National Dealer Council, and owner of 11 store group Gates Auto Family, which owns 3 Toyota stores and a Lexus store, told Wards Automotive his Toyota and Lexus inventory has been zero or close to it at the end of most months. “It’s become sort of a point of pride.”
- One of his stores ended with only 7 vehicles on the lot, a few of them presold.
- Said pre-orders alone could carry them through the first 6 months of 2023
- After months of convincing a local zoning board, the city of Denver has a brand new, but fully empty, Carvana vending machine although construction ended months ago
- Some describe it as ‘a parking garage blocking my mountain view’
- Others compare it to a more expensive wacky waving guy or inflatable gorilla
- Many are worried the property will be incredibly difficult to redevelop if the company goes bankrupt
- Also: This is some of the best local news reporting and delivery we’ve ever seen
- “‘The car vending machine is a really novel idea,’ Wayland said. ‘It's kind of like having a wacky, waving inflatable man in front of a dealership or a giant gorilla. It's just a little bit more costly.’”
Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
723 ตอน
Tesla vs Toyota: The Tale of 2 OEMS in Early 2023, A Glass Cage Of No Motion In Denver
The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Manage episode 352421314 series 2988189
It’s Friday, friends. Today we contrast the operational ongoings of Toyota with Tesla in the first few weeks of 2023. We also talk about a potential mess for local Denver residents as a Carvana parking garage sits empty.
- Tesla has seriously slashed the price on its bestselling Model Y Long range. After a year of, to quote Elon Musk, “embarrassingly high prices”, the company announced a whopping 20% price cut to its most popular Model Y Long Range bringing the price down from over $65k to under 55k.
- It will now be eligible for the $7500 federal incentive
- Base Model 3's price was cut $3,000 to $43,990.
- Starting price for the Model S dropped $10,000 to $94,990
- Midsize Model X SUV dropped $11,000 to $109,990.
- NOTE: the 3 row Model Y is considered an SUV (category has an 80k cap)
- Stock down 4.5% in response to the news
- In contrast to that story, Toyota’s Jack Hollis, Toyota’s executive vice president of sales, is talking about all the pent up demand for Toyotas and Lexus…at their normal prices
- Dealer Steve Gates, 2023 chairman of the Toyota National Dealer Council, and owner of 11 store group Gates Auto Family, which owns 3 Toyota stores and a Lexus store, told Wards Automotive his Toyota and Lexus inventory has been zero or close to it at the end of most months. “It’s become sort of a point of pride.”
- One of his stores ended with only 7 vehicles on the lot, a few of them presold.
- Said pre-orders alone could carry them through the first 6 months of 2023
- After months of convincing a local zoning board, the city of Denver has a brand new, but fully empty, Carvana vending machine although construction ended months ago
- Some describe it as ‘a parking garage blocking my mountain view’
- Others compare it to a more expensive wacky waving guy or inflatable gorilla
- Many are worried the property will be incredibly difficult to redevelop if the company goes bankrupt
- Also: This is some of the best local news reporting and delivery we’ve ever seen
- “‘The car vending machine is a really novel idea,’ Wayland said. ‘It's kind of like having a wacky, waving inflatable man in front of a dealership or a giant gorilla. It's just a little bit more costly.’”
Hosts: Paul J Daly and Kyle Mountsier
Get the Daily Push Back email at https://www.asotu.com/
JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/
Read our most recent email at: https://www.asotu.com/media/push-back-email
723 ตอน
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