Why Tesla has so much stock of Model Y propulsion

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

When the Model Y propulsion was announced for less than €50,000, a large number of orders were filed for the brand. Leads 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 pulled back.

The thirty models in stock will likely disappear as quickly as they appeared. If they don’t find buyers through this channel, their VIN number will surely be reallocated to another customer waiting for their order.

Why are so many Model Ys suddenly available?

This is a very common phenomenon at Tesla since the arrival of more “affordable” models in the range of the American manufacturer. We had already seen this effect with the Model 3’s impulsive controls at launch. So some customers, tired of waiting for the model to be delivered several years later, ended up giving up. Which left the Model 3 available in stock, usually for a few hours at most.

Tesla Model Y // Source: Tesla

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

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 for some of these customers, part of the purchase was based on the salvage value 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 Model 3 sedan’s second-hand rating has worsened. We had already noticed that the price curve started to fall rapidly, just 15 days after the launch of the Model Y propulsion, because the supply and demand game was completely reversed within a few days.

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

In late August 2022, when the Model Y was announced at €49,990, Sébastien did the math quickly. On that date, Tesla took back its Model 3 Grande Autonomie with its 54,000 km for €46,000: “ just over €3,000 out of my pocket for the Model Y, 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’s trade-in offers are only valid for 7 days and apply to new vehicle delivery only. The recovery estimate at €46,000 (valid until 2 September) is now just €35,989 once updated. Sébastien told us: I was ready to receive a reduction of €2,000 max, we are over €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 trade by switching to a Model Y from a Model 3, and not everyone will be able to pay the €10,000 (or more) to add to the delivery.

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

Since mid-September, Sébastien has had time to be disillusioned as the chances of an opportunity plummet. From the dream of being able to buy the Model Y, only a feeling of frustration remains, especially since if he cancels his order, he also loses the €250 deposit he paid. On the other hand, even if the emotional uplift isn’t terrible, he remains pleased to be able to continue driving with his purchased Model 3 well before the current price increases.

The misfortune of some can make the happiness of others, that’s why there are Model Ys to buy without waiting time. This can be a good deal if you find the setup you like there.

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

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