Tesla Inc cut prices for some of its Model Y and Model 3 electric vehicles in the United States, its website showed late on Tuesday, the sixth time it has lowered U.S. prices this year amid concerns about the effect on its profit margins.
cut prices for some of its Model Y and Model 3 electric vehicles in the United States, its website showed late on Tuesday, the sixth time it has lowered U.S. prices this year amid concerns about the effect on its profit margins.
The Elon Musk-led company has cut U.S. prices of its base Model 3 by 11% so far this year and that of its base Model Y by 20%–moves that come as the United States, its largest market, prepares to introduce tougher standards that will limit EV tax credits.lowered prices in Europe, Israel and Singapore as well as in Japan, Australia and South Korea, expanding a discount drive it started in China in January to spur demand.
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.
Here are Monday's biggest analyst calls: Tesla, Netflix, Zoom, Biogen, Okta, Amazon, HP Inc. & moreAnalyst call of the day for CNBCPro subscribers: Morgan Stanley reiterates Tesla as overweight heading into earnings later this week. Subscribe to see the analyst calls of the day curated by CNBC Pro.
Read more »
Tesla's latest price cut brings Model 3 pricing below $40,000 | EngadgetTesla has slashed its electric vehicles' prices for the sixth time this year, on the eve of its next earnings report..
Read more »
2023 Volkswagen ID 7: new Tesla Model 3 rival arrives today | AutocarThe Volkswagen ID 7 will be fully revealed later today - we've got all you need to know about the Tesla Model 3 rival
Read more »
Smart #3 Is An All-Electric Tesla Model Y Rival Unveiled At Shanghai | CarscoopsResult of joint project between Mercedes and Geely should offer same single- and dual-motor powertrain options as the smaller Smart 1 car auto cars
Read more »
VW aims to dethrone the Tesla Model 3 with its long-ranging ID.7 electric sedanIt will go on sale in the US in 2024.
Read more »
Volkswagen's new Tesla Model S competitor has a smaller battery, more rangeThe new Volkswagen ID.7 sedan arrives in Europe and China this year, ready to compete with Tesla.
Read more »