Tesla

2023 - 1 - 13

Post cover — Image courtesy of "Reuters"

Tesla cuts prices in U.S., Germany in pivot to drive sales (Reuters)

Tesla has cut prices on its top-selling electric vehicles in the United States and Germany, the automaker's website showed, extending a new strategy of ...

Before the price cut, the five-seat version of the Model Y had been ineligible for that credit, a designation that Tesla Chief Executive Elon Musk had called "messed up." Tesla cut prices in China and other Asian markets last week. In addition, the Tesla move broadened the vehicles in its line-up eligible for the Biden administration tax credit. "This should really boost 2023 (Tesla) volumes," Gary Black, a Tesla investor who has remained bullish on the company and its prospects through the recent, sharp share price decline, said in a tweet. It also cut prices in Austria, Switzerland and France. time on the Model 3 sedan and Model Y crossover SUV, ranged between 6% and 20% compared with prices before the discount, according to Reuters calculations. output and sales. That is before accounting for an up to $7,500 federal tax credit that took effect for many electric vehicle models at the start of January. Along with a previous price cuts announced in October and recent incentives, the China price for a Model 3 or Model Y was down 13% to 24% from September after the recent move, Reuters calculations showed. buyer of the long-range Model Y, the new Tesla price combined with the U.S. In Germany, Tesla cut prices on the Model 3 and the Model Y - its global top-sellers - by between about 1% and almost 17% depending on the configuration. It also cut prices for its Model X luxury crossover SUV and Model S sedan in the United States.

Tesla cuts electric car prices across Europe and US to bolster demand (Financial Times)

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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Tesla owners' anger after missing out on price cuts worth thousands ... (Chard & Ilminster News)

Motorists who bought a Tesla in recent weeks expressed their anger after the car maker slashed prices by thousands of pounds on Friday.

“This will also have a big impact on used Tesla prices. Another described a period in late November and early December as the “worst three weeks to get a new Tesla in history” due to the subsequent price cut combined with other issues. What should I do?

Tesla cuts prices by up to a fifth in US and Europe as EV price war ... (The Guardian)

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.

Tesla slashes prices of Model 3 and Model Y by £7000 (Autocar)

American EV firm has cut prices to £42990 for entry-level Model 3 and £44990 for Model Y.

The largest reduction in the Model 3 line-up affects the Long Range model, its price cut by £6500 to £50,990. And the entry-level Model Y Rear-Wheel Drive had its price cut by £7000 to £44,990. The largest reduction has been applied to the Model Y Performance, which is now priced at £59,990, £8000 less than previously.

Tesla stock sinks on another round of vehicle price cuts; analysts ... (Proactive Investors USA & Canada)

Tesla Inc (NASDAQ:TSLA) shares fell more than 6% in pre-market trading on news that the electric vehicle maker has slashed the price of its...

“This is a clear shot across the bow at European automakers and US stalwarts (GM and Ford) that Tesla is not going to play nice in the sandbox with an EV price war now underway.” “We believe all together these price cuts could spur demand/deliveries by 12% to 15% globally in 2023 and shows Tesla and Musk are going on the ‘offensive’ to spur demand in a softening backdrop,” the analysts wrote. Wedbush analysts said it was no secret that demand for Tesla was starting to see some cracks in the global slowdown for 2023, with price cuts in China over the last week now being followed by eye-popping US and Europe reductions.

Tesla cuts prices by up to a fifth to boost demand (BBC News)

The firm faces a difficult global economic outlook and increased competition from other carmakers. The price cuts are in the range of 10% to 13% in the UK, but ...

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?

Tesla cuts prices by up to a fifth to boost demand (BBC News)

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

Tesla slashes prices globally by as much as 20 percent (Aljazeera.com)

Price cuts challenge electric carmaker's rivals and reverse its strategy of past two years when orders exceeded supply.

The best-selling Model Y will now go for 44,890 euros ($48,499), down by 9,100 euros ($9,850). A reduction in cost inflation was also a factor in reducing prices in its top European market, a spokesperson for Tesla Germany said without specifying which costs had fallen. Before the price cut, the five-seat version of the Model Y had been ineligible, which Musk called “messed-up”. In addition, the move broadened the vehicles in Tesla’s line-up eligible for a US federal tax credit of up to $7,500, which took effect on January 1. In Germany, it lopped from about 1 percent to almost 17 percent off prices on the Model 3 and the Model Y. For a US buyer of the long-range Model Y, the new Tesla price combined with the US subsidy amounts to a discount of 31 percent.

Tesla Service Says Sonic Is Returning After a 'Temporary Suspension' (Tesla Software Updates)

Tesla Service has confirmed that Sonic The Hedgehog will be returning to its vehicles after a temporary suspension.

Tesla appears to be adding a heating device to keep the B-pillar cameras clear and changing the shape of the opening. That could be due to the size of the new cameras or the field of view they require. Lin then explained, "The price adjustment of a product is actually a forecast of the company's cost changes in the next period of time. Still, he stated, "it's difficult to fully determine the eligibility criteria, but we believe Tesla is very well-positioned to capture a significant share of that for solar storage and also electric vehicles." All variations of the Model Y now qualify for the $7,500 tax credit in the US. Some customers in China who bought a Tesla just before the price cut were furious. By that wording, it sounds like the new housing will include a fan, likely to prevent condensation buildup. The housing size doesn’t appear to change, just what is in it. The newer cameras are expected to have a much higher resolution in addition to other improvements such as LED flicker mitigation. Twitter user @ChrisZheng001, who has ties with the Tesla supply chain in China, posted three images that appear to be camera configurations. The translation appears to state that Tesla will be reducing its three front-facing cameras down to two and all cameras, including the interior camera, will be upgraded to 'AP4' cameras. Sonic the Hedgehog is a platform video game that was released in 1991 by Sega for their Genesis gaming system.

Tesla slashes prices by up to 20% as EV residual values fall (Fleet Europe)

Tesla has dramatically reduced the price of its Model 3 and Model Y cars in key markets to bolster demand, in a move that will alarm leasing companies and ...

“Electric vehicles are clearly the most challenging to shift with much reduced trade interest compared to earlier in the second half of the year. However, it’s clear that the supply of used EVs from several OEMs will rise sharply over the next couple of years, raising questions about how ready secondhand car buyers are to buy a plug-in car. In the US, the combination of the price cut and a $7,500 federal subsidy will reduce the cost of a long-range Model Y by 31%. The longer term question for fleets is how the price cuts will impact Tesla residual values, especially of vehicles already out on lease. A statement from Tesla said: “Our focus on continuous product improvement through original engineering and manufacturing processes have further optimised our ability to make the best product for an industry-leading cost. This means buyers in France can access a subsidy of €5,000 on the Model 3, which will lower the acquisition cost of the entry level model to below €40,000.

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