Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.
The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same.
The cuts reduced the starting price for a Model Y to $42,990 and to $72,990 for a Model S and $77,990 for a Model X.
The move came the day after Tesla’s stock tumbled below $150 per share, eliminating all gains made over the past year. The Austin, Texas, company’s stock price has dropped about 40% so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers.
Related articles:
Related suggestion:
Myanmar's jailed former leader Suu Kyi moved from prison to house arrestOlympic champion Suni Lee back in form after debilitating kidney ailmentOJ Simpson was chilling with a beer on a couch before Easter, lawyer saysHow much of England's motorway network has no hard shoulder? This map reveals all...Gujarat crashes to 89 all out against Delhi, loses IPL game by 6 wickets at homeClemson guard Chase Hunter enters NBA Draft, but retains eligibility to come back to college3 Pennsylvania construction workers killed doing overnight sealing on IMinnesota toddler dies after fall from South Dakota hotel windowJontay Porter banned from NBA after gambling probeHere's everything that could go wrong with your jam, Meghan…and my tips to make sure it doesn't
2.5944s , 5259.515625 kb
Copyright © 2024 Powered by Tesla cuts some US electric vehicle prices after difficult week ,International Imagery news portal