Why Waiting to Buy a Tesla Model S or X May Be the Smart Move
Tesla is constantly updating and improving their vehicles, and the latest autopilot safety feature update is no exception. Tesla’s automatic emergency braking feature has been updated to function up to 124 miles per hour and now works in reverse as well. While Tesla has ceased production for certain models such as the Model S and X in Australia, the Cybertruck is still on track to begin production later this year at Giga Texas.
Tesla’s inventory is growing, and while this may mean lower prices for consumers at the moment, it could also indicate that now may not be the best time to buy. Additionally, with Tesla eliminating the Model S and X in certain markets, waiting may be the smarter move. Let’s dive deeper into the latest Tesla news.
Automatic Emergency Braking: Improving Safety for Tesla Drivers
Automatic emergency braking (AEB) is a safety feature that is standard in many cars today, but Tesla is improving and expanding its functionality with software version 2023.12. In the latest update, AEB is designed to reduce the impact of not only frontal collisions but also reverse collisions.
This update means that the system now determines the distance from detected objects, not just those in front of the vehicle. Additionally, the top operational speed has been increased to 124 miles per hour, making it even more effective at preventing accidents.
Moreover, the system is enabled by default in each drive, and while there are a few instances where AEB does not apply, the manual states that it can be disabled for a specific drive by accessing the control panel. Tesla’s continued effort to improve their vehicles’ safety features is a testament to their commitment to consumer safety.
Elimination of Tesla Model S and X in Certain Markets
Tesla’s commitment to innovation and improvement sometimes involves eliminating certain models from their lineup. Recently, the Tesla Model S and X have been eliminated in the Australian market. While right-hand drive models are still being sold in the UK, Australian buyers can no longer place orders for these cars.
Pre-orders for the refreshed Model S and X opened with the US unveiling, but Tesla removed prices and delivery times from their website in late 2021. If the elimination of these models is permanent, Tesla would have to refund all pre-orders. It’s unclear why Tesla kept pre-orders open for so long, but it raises speculation about potential manufacturing or distribution issues in Australia.
On the other hand, Tesla’s elimination of these models may indicate a shift towards concentrating on newer models, like the Model Y and Cybertruck. However, it is essential to consider that Tesla frequently updates their lineup, so it’s possible that the Model S and X will be re-introduced in the future.
Cybertruck on Track to Begin Production This Year
During their Q1 2023 earnings call, Tesla confirmed that the Cybertruck is still on track to begin production later this year at Giga Texas. Photos of the pilot line tooling and winter testing were released, further proving that Tesla is keeping their commitments.
Recently, a new sighting near Fremont showcased the potential of the Cybertruck’s dimensions changing. However, while some think the truck looks shorter, it’s more likely just the lighting. Tesla would not make such a drastic change this close to the start of production, so it’s safe to assume the truck’s dimensions remain the same.
Growing Inventory May Mean It’s Not the Best Time to Buy
Tesla’s growing inventory may be a good thing for customers looking to buy at the moment, as it usually results in lower prices. However, it could also be a sign that now may not be the best time to buy, especially with Tesla eliminating certain models in some markets.
According to data gathered by a Tesla investor and inventory tracker, Tesla’s inventory has been on an upward trend since October 2021. While this could be due to Tesla deploying more inventory in the US ahead of switching production for other markets, it’s worth considering what it could signify for potential buyers.
The Model X is shown to be the main problem in inventory growth, with over 1200 models recorded as of April 27th. The model Y’s inventory was cut in half to 300 units following their last two price cuts, indicating the price cuts are working for this model. However, the growing inventory for other models, particularly the Model X, may indicate another price cut is necessary.
Final Thoughts
Tesla’s commitment to innovation and improvement is impressive, and their constant updates and improvements to safety features like automatic emergency braking are much needed. While the elimination of certain models may indicate a shift towards newer models, it’s important to consider the potential impact on buyers.
Tesla’s growing inventory can result in lower prices for consumers, but it could also indicate a potential shift in priorities. Ultimately, it’s up to each buyer to weigh the options carefully and determine the best time to buy.