US Tesla Car Historical Prices Analysis

• The data shows a reduction in the prices of both versions of Model S (LR 100D and Plaid) from 2018 to 2023. However, there were a few periods of price increases.
• For the LR 100D, the price fell from $96,500 in October 2018 to $88,490 in September 2023. Notably, there was a significant price drop from $93,000 to $83,000 between February and March 2019.
• The Plaid version saw a similar trend, with its price falling from $135,000 in October 2018 to $89,990 in September 2023. A significant price drop was also seen from $132,000 to $114,000 between February and March 2019.
• Despite the overall downward trend, the prices for both models increased in the first half of 2021. For the LR 100D, the price jumped from $69,420 to $84,990, while for the Plaid, it increased from $91,990 to $129,990.
• However, after these temporary increases, the prices continued their downward trend.

• The prices for all models of the Tesla Model 3 have generally increased over the years. The SR (SR+) model started at a price of $37,000 in 2019 and has increased to $40,240 by 2023.
• The LR - AWD model showed a similar trend, with prices starting from $54,000 in 2018 and rising to $47,240 by 2023, albeit with a significant drop in the last year.
• The Model 3 Performance version experienced the most significant price escalation, starting at $78,000 in 2018 and reaching $53,240 by 2023.
• Notably, all models experienced periods of price stability, with no changes observed for months at a time.
• However, there were also instances of sudden price increases or decreases over short periods. For example, the SR (SR+) model's price increased from $37,500 to $39,500 within a month in 2019.

• The data shows a fluctuation in the prices of both the Model X LR (100D) and the Model X Plaid over the years.
• For the Model X LR (100D), the price started at $99,500 in 2018 and had its lowest at $79,990 in 2020. It peaked at $120,990 in 2022 before dropping to $79,990 in 2023.
• The Model X Plaid started at $140,000 in 2018, peaked at $138,990 in 2022 and later fell to $89,990 in 2023.
• It's noticeable that the Plaid model consistently has a higher price than the LR (100D) model across all the years.
• Although both models experienced price drops and increases, the Plaid model's price changes are more significant, with a difference of $49,000 from its highest to its lowest price, compared to the LR (100D)'s $41,000 difference.

• The data indicates that the price of Model Y varies between two versions: the Performance (P) and the Long Range (LR - AWD).
• There is a noticeable upward trend in prices for both versions over time. For the Performance version, prices started at around $60,000 in 2019, reaching up to $69,990 in 2022 and then significantly dropping to $52,490 by 2023.
• The Long Range version shows a similar trend, starting at $51,000 in 2019, rising up to $65,990 in 2022, and then decreasing to $48,990 by 2023.
• A new version, SR - RWD and SR - AWD, appears in the dataset in 2023 with a starting price at $43,990 and $46,990 respectively.
• Overall, the prices of Model Y versions seem to fluctuate over the years, indicating possible effects of market conditions, production costs, or pricing strategies.

• Note: Model Y Long Range used to be the cheapest trim of model Y thus included in this chart.
• The Tesla Model 3 SR (SR+) started at a price of $37,000 in February 2019 and reached a peak price of $46,990 in March 2022, before dropping to $40,240 in May 2023.
• The Model S LR (100D) initially cost $96,500 in October 2018, peaked at $104,990 in June 2022, and fell to $74,990 by August 2023.
• The Model X LR (100D) ranged from an initial price of $99,500 in October 2018 to a high of $120,990 in June 2022, before decreasing to $79,990 in August 2023.
• The Model Y Long Range was priced at $51,000 in March 2019, peaked at $66,990 in December 2022, and fell to $48,490 by October 2023.
• The Model Y SR versions, both AWD and RWD, were introduced in April 2023 at $49,990 and $43,990 respectively, with minor price fluctuations by October 2023.

• The data shows that the price of the Model 3 Performance has generally decreased over time, starting from $78,000 in May 2018 to $52,490 in October 2023.
• The Model S Plaid also exhibited a similar trend, with prices starting at $135,000 in October 2018 and dropping to $89,990 in September 2023.
• The Model X Plaid had the highest initial price among the models at $140,000 in October 2018, decreasing to $94,990 by October 2023.
• The Model Y Performance started at a lower price point of $60,000 in March 2019 and experienced a decrease to $52,490 in October 2023.
• Overall, all four models demonstrated a decreasing price trend over the years, which could be due to factors such as increased production efficiency, market competition or changes in consumer demand.

The analysis indicates a varying frequency of price changes among Tesla car models:

• The Model 3 Long Range and Model Y Long Range show the highest frequency, with 22 price changes each.
• Following closely, the Model 3 Performance has undergone 20 price changes.
• The Model X, Model 3, Model S, and Model S Plaid share the same frequency of 18 price changes.
• The Model Y Performance and Model X Plaid have experienced 17 and 16 price changes respectively.
• Lastly, the regular Model Y has the lowest frequency, with only 5 price changes.

These findings suggest that Tesla adjusts prices most frequently for their "Long Range" and "Performance" models.

• The Tesla Model 3 shows the least variation in price with a standard deviation of $8,459.12. Its average price is $50,514.38, ranging from $36,990 to $78,000.
• Model S has the highest average price at $102,095.00, with prices fluctuating between $69,420 and $135,990. It also has a high standard deviation of $19,315.46, indicating a wide spread in prices.
• The Model X prices range from $79,990 to $140,000, with an average price of $108,021.92. The standard deviation is $16,922.05, which shows a considerable price variation.
• The Model Y shows a relatively low level of price variation, as indicated by its standard deviation of $6,188.91. Prices range from $43,990 to $69,990, with an average price of $55,918.00.