"This seems to confirm my concerns that Model Y actually isn't profitable, as Musk has claimed," she said. "Even after effectively narrowing its Model Y offering, Tesla still needs to lower price to encourage demand." According to Bond Angle estimates, Tesla faced more than a 50% drop in...
Tesla stalled its price cutting spree late last year. The price cuts did little to improve sales amid slowing EV adoption. On the other hand, they eroded margins. The company has reported below-consensus earnings and revenue for two straight...
Tesla has reduced the price of its Model Y crossover by $3,000 in North America. The price reduction comes roughly three months after the company began delivering its first production Model Y cars to customers in March, and one month after thecompany cut pricesacross its entire Model S, Mo...
Tesla made similar cuts to the Model Y starting price, now 249,900 yuan, the regular version of the Model S to 684,900 yuan and the Model S Plaid to 814,900 yuan. The regular Model X now costs 724,900 yu...
Tesla also trimmed starting prices of Model 3 and Model Y by around 10% in Japan the same day, widening the price war in the start of the year. The latest price cuts came as Tesla was overtaken by Chinese rival BYD even its delivery in China last year maintained robust growth. ...
The price cuts seem as a rerun of Tesla’s move a year ago. The U.S. electric vehicle behemoth lowered price by up to 13% in China on January 6 2023, making the starting price of Model Y and Model 3 down to new low, about 43% and 30% cheaper than those on sale in U.S. ...
This is Tesla’s second promotion through direct cuts in more than two months. In October, 2022, Tesla slashed prices for all the versions of Model 3 and Model Y, and price of the Model Y Long Range saw the biggest decline of 9.4%. ...
US electric carmaker Tesla has announced sharp price cuts for its latest models in China. The Tesla Model Y now has a starting price of 339,900 yuan (US$52,262) for its long range sedans, compared with 488,000 yuan previously. And it...
Beijing (Gasgoo)-On January 12, Tesla's official Chinese website showed significant price cuts for the Model 3 and Model Y, which also stand as the US electric vehicle maker’s inaugural price adjustments for the year 2024. Specifically, the starting price for the revamped version of the Mod...
Elon Musk's Tesla announced price cuts for its Model Y, Model X and Model S vehicles on Friday following a disappointing deliveries report showed quarterly deliveries down.