Tesla

Tesla Inc. drastically slashed the prices of its Model 3 sedan and Model Y SUV in the US late Thursday, a move that allows more models to qualify for a new ...

Tesla also made major reductions in countries including Germany, the UK and France a week after its second round of The carmaker lowered the cost of the cheapest Model Y by 20% and lopped as much as $21,000 off its most expensive vehicles in its home market.

Tesla has cut prices by up to a fifth across the US and Europe to bolster demand for its electric vehicles in the face of an economic slowdown and fiercer ...

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The price reductions in the United States will make more of the company's electric vehicles eligible for a federal tax credit.

The automaker now shows a high-end Model 3 Performance compact selling in the United States for just under $54,000, down from $63,000, a cut of 14 percent. In recent months, rising borrowing rates made its electric cars more expensive for people taking out loans. 1 under the Inflation Reduction Act.

Tesla has slashed prices on its electric vehicles in the United States and Europe by as much as 20%, extending a strategy of aggressive discounting after ...

Volkswagen recently raised the price of its entry-level ID.3, putting it at parity with the now-discounted Model 3. Tesla cut prices in China and other Asian markets last week. Before the price cut, the five-seat version of the Model Yhad been ineligible for that credit, a designation Musk had called "messed up". Prices on used Tesla models had also been declining, increasing the pressure on it to adjust new-car sticker prices. In addition, the Tesla move broadened the vehicles in its line-up eligible for the Biden administration tax credit. It also cut prices in Austria, Switzerland and France.

When Toyota CEO Akio Toyoda recently talked about a "silent majority" in the auto industry questioning the wisdom of electric vehicles as the only way ...

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. This normalisation means we have firmly moved from a TINA (There Is No Alternative) world, to a world where money now has a value, and is likely to mean a lot of companies are being held to a higher benchmark when it comes to their growth potential. With the increased competition expected to come from the bigger automakers in the coming months and years, this looks a huge ask, which means we could well see further share price declines in the next 12 months. Tesla’s annual revenues this year are projected to come in at $82bn, after it was reported that Q4 sales rose to a new record of 405,278, a 40% increase year on year, helped to some extent by Tesla having to cut prices during the quarter to help shift inventory. The reality is that even with the best battery technology available, it still takes magnitudes of time longer to recharge an electric vehicle than it does to refuel a vehicle using a liquid fuel source. In addition, the grid upgrades required to cope with the extra capacity as more people move to electric vehicles will need huge levels of investment into power infrastructure.

Price of cheapest Model 3 saloon car dropped by £5500 to £42990 to combat slowing demand as carmaker shares drop.

The [distraction of Musk’s takeover of social network Twitter](https://www.theguardian.com/business/nils-pratley-on-finance/2022/dec/19/elon-musk-needs-to-realise-twitter-is-a-hobby-and-tesla-is-his-priority) is also thought to have contributed to the decline in the carmaker’s value. The price of the cheapest Model 3 saloon car, the rear-wheel drive version, dropped by £5,500 to £42,990. The Model 3 dropped to $43,990, a $3,000 reduction. He added that an “EV price war” between manufacturers was now under way. However, investors have started to worry that sales growth will be limited by economic slowdowns in some of its key markets. [is no longer the world’s richest person](https://www.theguardian.com/technology/2022/dec/14/elon-musk-loses-title-of-worlds-richest-person-to-bernard-arnault) and has broken the world record for the [largest loss of personal fortune in history](https://www.theguardian.com/technology/2023/jan/12/elon-musk-breaks-world-record-for-largest-loss-of-personal-fortune-in-history), according to a Guinness World Records report.

The price cuts will make Tesla more competitive and will also mean the base model of the Model Y, the best-selling electric vehicle in America, ...

That's well below the average price for a new vehicle in the U.S. And Tesla can move much faster to do that than its big rivals. stalwarts (GM and Ford) that Tesla is not going to play nice in the sandbox with an EV price war now underway," Ives wrote in a note. Tesla has cut the prices of its most popular models by up to 20% in the U.S. Analysts are watching to see which automakers respond by cutting prices and chasing market share. There is a caveat on those federal tax credits, though.

The electric car maker is reducing prices by thousands of pounds as global downturn threatens sales.

suggesting that Tesla was "not going to play nice in the sandbox with an EV price war now underway". Paul Hollick, chair, Association of Fleet Professionals welcomed the price cuts, saying it would make electric vehicles more affordable to his members. I can't believe after a few hours from picking up the car I lost £5k". One posted on a Facebook group for Tesla owners: "I just picked up the car yesterday. Model Y vehicles start at £44,990. Go to Tesla and give back the car?