Tesla’s Model Y is a global hit and is well on its way to being among the five best-selling models in the world this year. In the first nine months, more than half a million were sold worldwide. But there is one catch, the price varies by up to two times depending on the country where you buy the car, Bloomberg reported. And from the ranking compiled by Bloomberg, the Czechia is not at all flattering – the Tesla Y is the eighth most expensive in the world in the country, while it is the second cheapest among Slovakian neighbors after China.
Bloomberg compiled a ranking of countries according to the price of the Model Y, Tesla’s most popular model and at the same time the best-selling electric car today. The agency compared list prices excluding any fees that are available on the official Tesla website for each country and region.
Poor Musk. He has already lost a hundred billion dollars this year
The value of the property of the American entrepreneur and head of the Tesla car company Elon Musk has decreased by more than 100 billion dollars (roughly 2.4 trillion crowns) since the beginning of this year. The fall in Tesla’s stock price to a two-year low is primarily to blame, Bloomberg reported. According to its index of billionaires, during Monday, the value of Musk’s property decreased by 8.6 billion to 169.8 billion dollars (roughly four trillion crowns).
The cheapest place in the world to buy a Model Y is mainland China. After a price cut last month, the Model Y starts at $40,411, which is slightly more than half the price in its home US. Bloomberg reported. The most expensive place in the world to get a Tesla is Singapore at $103,128 (about 2.42 million crowns) – and that’s before consumption tax and registration fees.
In the Czech Republic, the basic Model Y will cost 1.58 million crowns, i.e. the most expensive of the Central and Eastern European countries. In Slovakia, then to 1.04 million, just like in the Baltic countries.
Price of Tesla Model Y in the world (in dollars):
| Earth | cena | Earth | cena | Earth | cena | |||
| 1. | Singapore | 103 128 | 15. | Hungary | 62 420 | 29. | Portugal | 52 708 |
| 2. | Israel | 100 748 | 16. | V. Britain | 61 879 | 30.-32. | Belgium | 52 703 |
| 3. | Mexico | 81 295 | 17. | SAE | 60 896 | 30.-32. | Spain | 52 703 |
| 4. | Hongkong | 73 958 | 18. | Austria | 60 148 | 30.-32. | Luxembourg | 52 703 |
| 5. | Tchaj-wan | 73 755 | 19. | Germany | 59 114 | 33. | Australia* | 51 093 |
| 6. | South Korea | 71 475 | 20. | Switzerland | 58 920 | 34. | Francie | 49 617 |
| 7. | Sweden | 68 191 | 21. | Slovenia | 58 901 | 35. | Macao | 49 509 |
| 8. | CR | 67 273 | 22. | Island | 57 937 | 36. | N. Zealand | 48 393 |
| 9. | USA* | 65 990 | 23. | Romania | 57 888 | 37. | Japan | 46 300 |
| 10. | You have | 65 054 | 24. | Greece | 56 833 | 38.-41. | Estonia | 44 323 |
| 11. | Croatia | 62 695 | 25. | Norway | 54 813 | 38.-41. | Lithuania | 44 323 |
| 12. | Finland | 62 644 | 26. | Ireland | 54 773 | 38.-41. | Latvia | 44 323 |
| 13. | Denmark | 62 566 | 27. | The Netherlands | 52 729 | 38.-41. | Slovakia | 44 323 |
| 14. | Poland | 62 555 | 28. | Italy | 52 712 | 42. | China | 40 411 |
* average for individual federal states
Note: Data as of November 23, 2022
source: Tesla.com, Bloomberg
„Cars are generally more expensive in places like Singapore and Israel due to higher taxes, duties and registration fees compared to China and Europe,” said Seth Goldstein, equity strategist at Morningstar Research Services. Supply and demand, as well as the level of competition in a country’s market, also affect the price.
Car included in the price of the apartment
The Model Y costs Singapore the same as a smaller apartment. Cars in the city-state are expensive because there are only a limited number of ownership permits that the city-state issues to control traffic growth on the small island. These permits are offered at auctions twice a month and allow the driver to own the car for 10 years. In the case of Tesla, allowances rose to a record 116,577 Hong Kong dollars (about 85,000 US dollars) in November – almost as much as the Model Y itself.
The pressure on electromobility is throwing us into the arms of China, says politician Knotek in the podcast
Electromobility itself makes sense. But it bothers me that we are introducing it ideologically in Europe, at any cost. One of the biggest mistakes of the Green Deal is that it envisages massive electrification and at the same time assumes that production will be covered by renewable sources. Ondřej Knotek, an MEP for ANO, stated this in Marcela Fialková’s Nekorektní dvoká podcast.
A completely different story is unfolding in China – on the world’s largest and therefore fiercely competitive electric car market. A group of local rivals ranging from legacy automakers like BYD to upstarts like Nio are quickly closing in on Tesla with new model launches and promotions. According to the China Automobile Association, domestic automakers accounted for nearly 80 percent of electric car sales in the first seven months of 2022.
According to Morningstar’s Goldstein, there could be further price cuts for Tesla’s other key markets, including the US and Europe. “If we see an economic slowdown in 2023, we could see a drop in commodity prices, so input costs would come down,” he said. “If that happens, I would expect Tesla and other automakers to cut prices again, boosting demand,” he means.
Do you really want a Chinese car? The largest Chinese brand Geely will enter the Czech market
One of the largest Chinese car companies, Geely, will enter the market in the Czech Republic, Hungary and Slovakia at the beginning of next year. The cars will be offered through Grand Automotive Central Europe. The first type to be sold should be the Geometry C electric car, the company said. At the same time, another large Chinese brand, Dongfeng, announced its entry into the Czech market already last year, which also started offering electric cars through the company Bidli.
According to Goldstein, Musk himself hinted at this possibility already in the middle of this year. The reason is the expansion of new factories in Austin, Texas, and near Berlin, with the goal of making the Model Y the best-selling car in the world – as Musk himself boldly announced last year.
Sales of e-cars in the Czech Republic are growing. There are already almost 14,000 of them in operation
Sales of passenger electric cars in the Czech Republic increased by 89 percent year-on-year to 3,887 in the three quarters of this year. Roughly three-quarters of them were new vehicles, the rest were used. The share of sales of new passenger electric cars in the registrations of all passenger cars in the Czech Republic was two percent, which ranks the Czech Republic in second last place in the EU. The last one is Slovakia. This was reported by the Transport Research Center (CDV).
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High inflation troubles not only the Czechia, but also other European countries and the United States. See the overview in the world.