Why Tesla has so much stock of Model Y propulsion

If you are interested in an entry-level Model Y, without having to wait several months, the brand has several in stock. Others will certainly come as certain buyers withdraw.

When the Model Y propulsion was announced at less than €50,000, a large number of orders were recorded by the brand. The deadlines quickly lengthened for this model at a particularly attractive price compared to the Tesla Model 3. To the point that some new Model Y Propulsion are now in stock, without owners, after some buyers have retracted.

The thirty models in stock will probably disappear as quickly as they appeared. If they do not find buyers through this channel, their VIN number will surely be reallocated to another customer awaiting their order.

Why are so many Model Ys suddenly available?

This is a fairly common phenomenon at Tesla since the arrival of more “affordable” models in the range of the American manufacturer. We had already observed this effect with the impulsive controls of the Model 3 at its launch. Then, some customers, tired of waiting for the delivery of the model several years later, had ended up withdrawing. Which had left Model 3s available in stock, usually for a few hours at most.

Tesla Model Y // Source: Tesla
Tesla Model Y // Source: Tesla

With the Model Y rear-wheel drive, it’s not a timeout issue. Only two months have passed since the opening of orders on August 26, 2022. To understand why customers are withdrawing, it is rather necessary to look at the side of the repossessions of Tesla vehicles.

Among entry-level Model Y buyers, there are many Model 3 owners who wanted to enjoy a more practical vehicle with limited financial outlay. Except that for some of these customers, part of the purchase was based on the value of the recovery of their Model 3, and the situation is clearly no longer in their favor.

Tesla Model Y propulsion in stock // Source: Tesla website
Tesla Model Y propulsion in stock // Source: Tesla website

Falling prices for Model 3 trade-ins prevent some customers from completing their order

Tesla groups and forums often echo this. The second-hand rating of the Model 3 sedan has taken a turn for the worse. We had already observed that the price curve began to fall rapidly, barely 15 days after the launch of the Model Y propulsion, because the play of supply and demand was completely reversed in a few days.

We received the testimony of Sébastien L. who finds himself faced with an equation that is no longer good, and who will probably have to give up the acquisition of the Model Y he ordered. A Model Y that we will then find, like the others, on the Tesla site

At the end of August 2022, when the Model Y was announced at €49,990, Sébastien quickly did the math. On that date, Tesla took back its Model 3 Grande Autonomie with its 54,000 km for the sum of €46,000: “ just over €3,000 out of my pocket for the Model Y, it was doable despite tight spending. »

First Tesla Model 3 takeover offer // Source: Capture mail Sebastien L
First Tesla Model 3 takeover offer // Source: Capture mail Sebastien L

Except that Tesla trade-in offers are only valid for 7 days and only apply to the delivery of the new vehicle. The recovery estimate at €46,000 (valid until September 2) is now only €35,989 once updated. Sébastien told us: I was ready to take a reduction of €2,000 maximum, we are at more than €10,000. The difference is too big for me, it’s not worth it anymore. Sébastien is far from the only one in this situation, where the difference between the first recovery estimate and the current one is between €10,000 and €15,000 on average. Many were hoping to do a white or low-cost operation by switching to the Model Y from a Model 3, and not all will be able to afford the €10,000 (or more) to add to the delivery.

Final takeover offer with €10,000 // Source: Tesla purchase order capture
Final takeover offer with €10,000 // Source: Tesla purchase order capture

Since mid-September, Sébastien has had time to become disillusioned when he sees the odds of the opportunity plummet. From the dream of being able to afford the Model Y, there remains only a feeling of frustration, especially since if he cancels his order, he also loses the deposit of €250 he paid. On the other hand, even if the emotional lift is not terrible, he remains satisfied to be able to continue driving with his Model 3 bought well before the current price increases.

The misfortune of some can make the happiness of others, so there are Model Ys to buy without waiting time. This can be a good deal to grab if you find the configuration you like there.

For further

Elon Musk when he presented Saturday Night Live // ​​Source: YouTube/ Saturday Night Live

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