[ad_1]

Tesla slashes prices of some model versions due to fall in delivery

Stellar Snippets

Tesla's Model 3 and Y versions' prices were slashed after their delivery rates fell in the third quarter, missing market expectations.

White Scribbled Underline

Tesla's Model 3 is now at $38,990 from $40,240. The long-range Model 3 is at $45,990 from $47,240. Model 3 Performance went from $53,240 to $50,990.

White Scribbled Underline

Tesla’s Model Y Performance sports utility vehicle is listed at $52,490 from $54,490.

White Scribbled Underline

Tesla slashed its car prices by the end of 2022 to encourage more sales as people had stopped buying a Tesla in its biggest markets which are the U.S. and China.

White Scribbled Underline

According to Tesla, this is because of factory upgrades causing downtime in manufacturing units.

White Scribbled Underline

Tesla's CEO, Elon Musk, has a focus on increasing volume over maximizing margins this year. This strategy has already yielded impressive results, with the stock surging over 100%.

White Scribbled Underline

Tesla aims to deliver 1.8 million vehicles this year.

White Scribbled Underline
[ad_2]