There are lots of new faces around here! For those of you who don’t know me, I’m Rob. Co-founder and CEO of Onto.
To start with, I want to thank all of you for being active in our community and always giving us feedback. We continue to listen to you and learn from you to offer the best possible service to all our subscribers.
The reason I am here today is to give you an update on our Tesla cars.
As many of you know, Tesla was the first premium car we added to our fleet, and it was a huge success (it is a great car!). Despite our best efforts, we have not been able to reach an agreement with Tesla that would enable us to add more Model 3s to our fleet at the current subscription price. Unfortunately due to Tesla’s pricing changes and the lack of fleet discounts, we cannot make it work at the current price. Recent regulatory changes (the removal of the plug-in car grant for cars above £35,000) have aggravated the situation further.
Nonetheless, we have continued to receive many requests for more Teslas, and they seem to be as popular as ever. For this reason, we want to make sure that in the future we can keep the ones we have and eventually add more to our fleet.
Here is the caveat: for us to be able to keep and potentially purchase more Teslas, we have to ensure we are doing it in a sustainable way for our business. To do this, we have had to revise the pricing of our Tesla subscription.
Starting on 1st of June, our Tesla Model 3 Standard Range subscription will change to £1099 per month. Our Tesla Model 3 Long Range will change to £1299. Our Tesla Performance will change to £1299.
What happens if you currently have a Tesla?
We will continue to hold your current Tesla subscription price for the next 5 months. After that, you will be moved on to the new pricing. If you wish to return it or swap it for a different car, we will offer you a free collection or a free swap.
What if you’re on the waiting list?
Unfortunately, we will need to adjust the pricing for our Tesla Model 3 Standard Range and Our Tesla Model 3 Long Range. As and when we get more Teslas, your subscription will start with the new pricing, and we will offer you a free delivery of your Tesla or any other model of your choice. We will send you an email to confirm that you still want to stay on the waiting list.
If you are in the Tesla Performance waitlist, we regret to inform you that we won’t be able to purchase any more. To make up for this we will offer you a free delivery of any other model. We will send you an email to arrange that for you.
We understand this is not ideal for you, just as it is not ideal for us either. However, it is the only way we can continue to offer these cars on our fleet. As you know by the recent announcement of price reductions on our Zoe, the Ioniq and the DS3 Ultra Prestige models, we will always aim to give you the most affordable price we can. If our situation with Tesla changes in the future, we will not hesitate to review these prices again.
Thanks for your continued support and we are looking forward to this year - full of new models, new features and new services to offer you… Stay tuned!