Tesla electric vehicles fast-charge using Tesla Superchargers at a Buc-ee’s travel center and gas station in Baytown, Texas, U.S., March 18, 2023. REUTERS/Bing Guancut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability.
The fifth such cut in Tesla's largest market since the start of the year comes as the United States prepares to adopt tougher standards this month that are expected toTesla cut prices on both versions of its Model 3 sedan by $1,000 and on its Model Y crossover by $2,000, the website showed. It also cut prices on both versions of its more expensive Model S and Model X by $5,000.
The company has said the tougher U.S. standards would reduce the $7,500 tax credit available for its base, rear-wheel drive Model 3 since January.profit margins could be at riskThis week Tesla reported first-quarter deliveries of almost 423,000 vehicles, up just 4% from the prior quarter after price cuts in the United States, China and other markets aiming to spur demand.
Reporting by Akriti Sharma in Bengaluru and Abhirup Roy in San Francisco; Editing by Kevin Krolicki and Clarence Fernandez
The game is sell more cars. Smart move.
its normal as the competition get more tougher than before.
to distract from criminal investigation*
Not bullish
Musk can start giving them away and I wouldn’t take one. There are plenty of electric vehicles made by other manufacturers who aren’t also engaged in promoting hate and disinformation.
Too. Bad. Elon. Stepped. On. His. Brand.
Give away FSD and get value back.
mayemusk different than last January huh
Tough times
They will continue to cut prices from here on out. It’s their mission. If they can cut and keep above 20% margin they will continue to do so. Always. Forever. At some point you need to get over these price cuts. It’s their freakin plan! This is very simple.
How long before TSLA pays you to take a car off their hands?
Looks like the guy who bought Twitter for 44 billion that is now only worth 20 billion dollars is having to sale sale sale because of his big big big lying f****** mouth
Bullish. For those who know.
Probably nothing to do with the criminal investigation
Get your tesla for free if you subscribe to Twitter blue
Those margins!
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