Tesla’s first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand.
FILE - A sign bearing the Tesla company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver, Colorado, Feb. 9, 2019. Tesla's first-quarter vehicle sales in 2023 rose 36% after the company cut prices twice in a bid to stimulate demand. – Tesla's first-quarter vehicle sales rose 36% after the company cut prices twice in a bid to stimulate demand.
Tesla cut prices in early March on its more expensive models, the S and X, by $5,000 to as much as $10,000. In January it slashed the sticker numbers on several versions of its EVs, making some eligible for a U.S. $7,500 federal tax credit. Some versions of the top-selling Model Y small SUV saw price trims of nearly 20%, and the base price of the Model 3 small car was dropped by 6%.
The growth rate in Tesla’s sales, while impressive, was below the pace needed to reach the company’s pledge to increase deliveriesTesla produced more vehicles than it sold during the first quarter, making 440,808 as it ramped up production at new factories near Austin, Berlin and Shanghai.
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’s Quarterly EV Deliveries Jump 36%, Buoyed By Price Cuts, Federal IncentivesThe world’s top-seller of electric vehicles had record deliveries, aided by adding new plants in Germany and Texas. Its 422,875-unit result was generally in line with analysts' expectations.
Read more »
Tesla’s Quarterly EV Deliveries Jump 36%, Buoyed By Price Cuts, Federal IncentivesThe world’s top-seller of electric vehicles had record deliveries, aided by adding new plants in Germany and Texas. Its 422,875-unit result was generally in line with analysts' expectations.
Read more »
Tesla’s Quarterly EV Deliveries Jump 36%, Buoyed By Price Cuts, Federal IncentivesThe world’s top-seller of electric vehicles had record deliveries, aided by adding new plants in Germany and Texas. Its 422,875-unit result was generally in line with analysts' expectations.
Read more »
Ducks lose 8th straight as Oilers clinch a playoff berthJohn Gibson was pulled in the third period after giving up five goals on 36 shots.
Read more »
In Singapore, There Are Nearly 30x More BMWs And 5x More Porsches Than Teslas | CarscoopsSingaporeans, who have to pay $66k just for the right to own a car for a decade, aren't rushing to buy EVs, despite the government's efforts
Read more »
Tesla reports record-high deliveries in first quarter of price cutsTesla reports vehicle deliveries are up about 35 percent from last year in first quarter following price cuts
Read more »