Electric vehicle maker Tesla is cutting prices in the United States and throughout Europe again, according to listings on the company's website.
The move in the U.S. may help Tesla qualify for more federal EV tax credits, and stoke sales volume here and abroad, after competition and interest rates increased.
In Europe, Tesla cut prices on its Model 3 and Model Y vehicles in Austria, France, Germany, the Netherlands, Norway, Switzerland and the U.K.that in Germany, Tesla cut prices on the Model 3 and the Model Y from 1% to around 17%, depending on the configuration. Tesla's Model 3 was the bestselling electric vehicle in Germany in December 2022, followed by the Model Y.
Generally, EVs qualify for tax credits in the U.S., depending on what form factor or category they fall into, their efficiency and range as well as the manufacturers' suggested retail price. The latest round of discounts by Tesla may set the company up to reap the benefits of EV tax credits in both the near and longer term. But it also risks upsetting customers who just agreed to take delivery of new electric cars from Tesla before the end of 2022 at higher prices.in China by slashing prices on its Model 3 and Model Y cars there after many had agreed to take delivery at higher prices before Dec. 31.
Tesla now operates its first U.S. vehicle assembly plant in Fremont, California, a newer one in Austin, Texas, its first overseas factory in Shanghai, and a newer one in Gruenheide, Germany.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla extends price cuts to U.S., Europe in sales pushTesla has slashed prices on its electric vehicles in the United States and Europe, the automaker's website shows, extending a new strategy of aggressive discounting after missing Wall Street estimates for deliveries.
Read more »
Tesla cuts prices on electric vehicles for U.S. marketTesla has slashed prices on its top-selling electric vehicles for the U.S. market, the automaker's website showed, after it recently cut prices in China and missed Wall Street estimates for fourth quarter deliveries.
Read more »
Tesla slashes prices on new electric vehicle models in the U.S.The cuts add to the worries of a demand slowdown for Tesla at a time when investors are casting doubt on Musk’s leadership abilities.
Read more »
Tesla Will Not Compensate Protesters In China After EV Price CutsTesla owners have been taking to the EV maker's stores in China to protest recent price cuts. However, Tesla has made it clear that it will not compensate them.
Read more »
China: Media Reports 30,000 Tesla Orders In 3 Days After Price CutsThe recent price reduction of all versions of the Made-in-China Tesla Model 3 and Tesla Model Y in China might have a very big impact on the company's sales results.
Read more »
Tesla owners in China are furious over price cuts — here’s why protests became the answerThe price for Model 3s and Model Ys dropped by as much as 17 percent.
Read more »