Tesla is slashing prices of its electric vehicles in the U.S. to boost demand
Factories in the United States started to reopen earlier this month with suppliers gearing up to support an auto industry employing nearly 1 million people.
Tesla was briefly forced to stop work at its Fremont, California, factory due to stay-at-home orders. It resumed production after resolving a dispute over safety measures with local authorities. On Wednesday, Tesla website’s showed the starting price for its Model S sedan is now $74,990, down from $79,990.Its Model X SUVs are now priced at $79,990, from $84,990, and the lowest-priced Model 3 sedan is $2,000 cheaper at $37,990.
Tesla said it will also cut prices in China - as per usual after price adjustments in the United States - by around 4% for the Model X and Model S. Tesla China, which is delivering Model 3 sedans from its Shanghai factory, in a Weibo post said it has also cut prices for the Model S and Model X cars it imports, but will keep prices of locally made Model 3 cars unchanged.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Cuts Prices In North America And China By Up To 6% To Boost Sales SlumpTesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
Read more »
Tesla to cut car prices in North America, ChinaTesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Read more »
Coronavirus reopening: How companies including Facebook, Tesla and Mastercard are bringing workers backBusinesses and employees are getting back to work and economic activity is picking up as states begin to reopen their economies after the Covid-19 shutdown.
Read more »
Elon Musk says he wants to make a new Tesla truck smaller than the forthcoming Cybertruck - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Tesla to cut car prices in North America, ChinaTesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Read more »
Tesla Cuts Prices In North America And China By Up To 6% To Boost Sales SlumpTesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
Read more »