May 28, 2023

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Tesla: Fifth price cut In the US, the Model 3 costs $1,000 less today

Its website shows Tesla cut prices in the US by about 2% to 6%, to widen a discount campaign on its electric cars that analysts say could hurt profitability.

It is the fifth such part in Tesla’s largest market since the beginning of the year United State They are preparing to adopt tougher rules this month that would limit tax breaks for electric cars.

Tesla has lowered prices for both versions of the sedan Form 3 The website shows the $1,000 and $2,000 Model Y crossovers. It also slashed the prices of both versions of the more expensive Model S and X by $5,000.

Some analysts who expected more price cuts have expressed concern that industry-leading Tesla’s profit margins could be at risk. Tesla this week reported first-quarter shipments of nearly 423,000 vehicles, up just 4 percent from the previous quarter, after price cuts in the United States, China and other markets aimed at spurring growth.

He drives the Palo Alto automaker Elon Musk It has set a target of 1.8 million births this year.

Since the beginning of the year, Tesla has cut the price of the base Model 3 by a cumulative 11%, with a 20% cut on the base Model Y.

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