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 to limit EV tax credits. Tesla\n \n 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. Some analysts who expected the further price cuts had flagged concern that Tesla’s industry-leading profit margins could be at risk. This 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. Tesla has set a target of 1.8 million deliveries this year.
I only clicked this ad so CNN would have to pay Twitter for the click 😁
Elon sees the writing on the wall. Americans will continue to get poorer for the foreseeable future and the current bifurcation of the world’s most powerful countries will ultimately lead to war and resource guarding, among numerous other things that spell the death of Tesla and…
Wonder how the people who paid full price feel about their depreciating assets now.
r_winder
I might actually be able to afford one soon 🤣😭
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Don’t forget about the hundreds of thousands of trucks that dug up the lithium to build them batteries definitely helping the environment there just cost $10,000 in fuel a day
Over production?
Yes by producing in china supporter RussiaIsATerroristState
Who the heck is buying those? The kind of people most likely to buy EVs hate him now and the people who like him don't buy EVs.
It’s because of Musk. I wouldn’t be caught dead in a Tesla.
Do you get a bigger discount with a Blue Checkmark?
Who even wants these problem riddled products from a company owned by a person such as Elon?
Musk thought he could offend and berate the very people who buy his cars. He gambled badly and now the company is paying the price. I am wondering if the board is going to allow him to remain in control after this latest fiasco.
Duuuuhhhh......