Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates.
FILE - A Tesla electric vehicle emblem is affixed to a passenger vehicle Sunday, Feb. 21, 2021, in Boston. Tesla is dropping prices for the third time since late last year in an apparent effort to attract new buyers. The cuts range from $5,000 for slower-selling high-priced models to $1,000 at the low end of its price range.
DETROIT — The company lopped $2,000 off the price of the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990. The 3 small sedan saw a $1,000 price cut.but fell short of analysts’ expectations. The company said Sunday that it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago. But the increase fell short of analyst estimates of 432,000 for the quarter, according to FactSet.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Cybertruck May Have 100 kWh Battery Pack Per Tesla's Master PlanDoes Tesla have some secrets about the Cybertruck's efficiency, is the battery pack size just a loose estimate, or will there be variants with larger packs?
Read more »
Tesla Employees Shared Embarrassing Videos From Car Cameras Of Tesla Owners: ReportThe new report describes videos like “a man approaching a vehicle completely naked,” car crash videos and road rage incidents—all widely shared on private chat networks by Tesla employees.
Read more »
Tesla Model S Vs Lucid Air: Which Pricey Luxury EV Should You Choose?The Model S is considered Tesla’s luxury-level sedan, and as such, it’s a direct competitor with the Lucid Air. Build quality may be an issue for both rivals.
Read more »
Heading toward Cybertruck, Tesla triples employment and builds 4,000 Model Ys a week in TexasThe employment gains were reported to Travis County while the production milestone was celebrated in a tweet. CEO Elon Musk says the Cybertruck production line is progressing, too.
Read more »
Tesla issues another round of sweeping price cuts - AutoblogThis is Tesla's third price cut in 2023, and it comes when one of the automaker's least expensive models loses access to federal tax credits.
Read more »
GM passes Ford to take No. 2 spot in EV sales behind TeslaGeneral Motors has ridden strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race.
Read more »