Tesla

Tesla has made significant cuts to the costs of new electric vehicle models in the U.S., according new prices listed on its website.

[Electrek noted](https://electrek.co/2023/01/12/amid-demand-concerns-tesla-cuts-prices-by-up-to-13k-in-us/). [a single important](https://www.axios.com/2022/12/23/elon-musk-tesla-stock)Tesla meeting" since taking over Twitter. [with Twitter](https://www.axios.com/2022/12/15/elon-musk-tesla-stock-twitter) taking more of his focus. [significant demand problem](https://www.axios.com/2023/01/03/teslas-stock-elon-musk-tom-zhu)." [stock plunge 65%](https://www.axios.com/2023/01/04/tesla-outlook-bullish-bearish)in 2022, marking its worst-ever annual drop. [Economy & Business](https://www.axios.com/economy-business)

Tesla Inc. drastically slashed the prices of its Model 3 sedan and Model Y SUV in the US late Thursday, a move that allows more models to qualify for a new ...

Tesla also made major reductions in countries including Germany, the UK and France a week after its second round of The carmaker lowered the cost of the cheapest Model Y by 20% and lopped as much as $21,000 off its most expensive vehicles in its home market.

Tesla said certain new models of its Model 3 and Model Y vehicles are eligible for a $7500 tax credit on new electric cars and plug-in hybrids.

tax credits](https://www.barrons.com/articles/ev-tax-credits-tesla-ford-gm-51672959883?mod=md_stockoverview_news&mod=article_inline). ](https://www.barrons.com/market-data/stocks/tsla) needed to [cut prices](https://www.barrons.com/articles/tesla-stock-ev-prices-tax-51673535925?mod=article_inline) of its cars in the U.S.

The price reductions in the United States will make more of the company's electric vehicles eligible for a federal tax credit.

The automaker now shows a high-end Model 3 Performance compact selling in the United States for just under $54,000, down from $63,000, a cut of 14 percent. In recent months, rising borrowing rates made its electric cars more expensive for people taking out loans. 1 under the Inflation Reduction Act.

Tesla has slashed prices on its electric vehicles in the United States and Europe by as much as 20%, extending a strategy of aggressive discounting after ...

Volkswagen recently raised the price of its entry-level ID.3, putting it at parity with the now-discounted Model 3. In France, customers buying the Model 3 for €44,990 ($48,773) will now get a further price reduction through a government subsidy of €5,000. Before the price cut, the five-seat version of the Model Y had been ineligible for that credit, a designation Musk called “messed up”. In addition, the Tesla move broadened the vehicles in its line-up eligible for the Biden administration tax credit. It also cut prices in Austria, Switzerland and France. Shares are down 65% since the start of 2022.

The price cuts will make Tesla more competitive and will also mean the base model of the Model Y, the best-selling electric vehicle in America, ...

That's well below the average price for a new vehicle in the U.S. And Tesla can move much faster to do that than its big rivals. stalwarts (GM and Ford) that Tesla is not going to play nice in the sandbox with an EV price war now underway," Ives wrote in a note. Tesla has cut the prices of its most popular models by up to 20% in the U.S. Analysts are watching to see which automakers respond by cutting prices and chasing market share. There is a caveat on those federal tax credits, though.

Electric vehicle company Tesla slashed the price of its cars across global markets as much as 20%, the automaker announced on Thursday night.

The company held a 65% market share of newly registered electric vehicles in the U.S. "That's the reason for my actions," he added. The price cuts mark the second such announcement by Tesla. Tesla's stock fell more than 2% in early trading on Friday in response to the price cut. customers will receive from a $7,500 federal tax credit that took hold for many electric vehicles at the outset of the year. The U.S.

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

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?

With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically on several versions of its electric vehicles, making some of its ...

It's an increasingly familiar headline: another day of plunging share prices for Tesla. TheDetrotiBureau.com examines why.

was the second-largest seller of EVs in the U.S. Tesla cars have been banned from Chinese military complexes and housing compounds since 2021 as the cars’ built-in cameras are suspected of recording sensitive data. Tesla also slashed the price 14% of the high-performance variant of its Model 3 sedan to $53,990, also allowing its buyers to benefit from the tax incentive. in 2022, according to Automotive News, up 30.5% from the 340,800 units sold in 2021. The cuts come as more electric vehicles are coming to the U.S. In Germany, where the Model 3 was the best-selling EV last month, Model 3 and Model Y prices have been reduced by as much as 17 percent. Tesla sold 491,000 vehicles in the U.S. In Italy, prices have fallen by as much as 22%, while in France, the Model 3 now sells for €44,990, well below the government’s €47,000 price cap for incentives, which reduced its price by €5,000. The company slashed the price of its base Model Y crossover to $52,990, a nearly 20% price cut. market last year, with EVs commanding 5.8% of the overall market. One of Wall Street’s growing concerns is that the price cuts come in response to consumers’ weakening appetite for the automaker’s vehicles. price cuts and the Chinese government’s refusal to allow Tesla to expand its Shanghai Gigafactory.

Tesla announced large price cuts for its U.S. vehicles today, with the biggest drop affecting the base Model Y. The entry-level EV costs $13,000 less today ...

The price cuts bring the Model 3 to roughly the same price as Given the global nature of the cuts, there should be plenty of interest in the EV automaker's delivery numbers when Tesla is scheduled to report its fourth-quarter 2022 results later this month. At the end of 2022, the price of new cars in the U.S. This brings us to another related tidbit: the Inflation Reduction Act (IRA) that changed the federal tax incentive structure for EVs has a new maximum price limit for passenger cars in order for them to qualify. The entry-level Model Y got a $13,000 (20 percent) price cut and now starts at $54,630. The entry-level EV costs $13,000 less today than it was yesterday (a 20 percent drop), and it should also now qualify for a $7500 federal tax credit.

Aunque las ganancias de Tesla siguen aumentando, las señales de menor demanda y más competencia tienen a los inversores preocupados. Y luego está la adquisición ...

Aun así, modelos de vehículos eléctricos de otros productores de autos comienzan a quitarle a Tesla el dominio del mercado de vehículos eléctricos estadounidense. Y luego está la adquisición de Twitter por parte de su director general, Elon Musk. En comparación, el índice de referencia ha caído aproximadamente 20%.

Tras desplomarse casi un 70% el año pasado, las acciones de Tesla están recuperando terreno a principios de 2023. Sin embargo, según una encuesta, ...

Sin embargo, su reciente informe que mide las opiniones de los adultos estadounidenses sobre los directores ejecutivos encontró que la preferencia neta hacia el multimillonario Musk cayó a 9 puntos en noviembre de 2022 de 16 puntos un año antes y de 22 puntos en febrero de 2021. Lo cual es digno de mención, dados los erráticos comentarios de Musk en Twitter y la frustración de algunos inversores de Tesla de que está demasiado centrado en la plataforma de medios sociales. Sólo el 3% de esos adultos ven favorablemente a la compañía de vehículos eléctricos de Musk, frente al 10,3% de diciembre de 2022.

Tesla sales were up more than 40% in 2022, but the company didn't quite meet its sales targets, in part due to weak demand in China. A Tesla Model 3 is seen ...

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 is slashing prices amid slowing demand for cars and the introduction of new electric vehicle tax credits that come with strict price caps.

The more expensive Model Y saw its price drop by roughly $13,000. The EV giant cut the price of some of its vehicles by up to 20 percent. Tesla dropped the price of its base Model 3 car by $3,000 and slashed the price of the performance model by $9,000. Tesla raised its prices several times in recent years amid huge demand and a limited supply of vehicles stemming from the shortage of semiconductors. Tesla’s price cuts also come after the automaker fell short of its delivery goal in the fourth quarter of 2022. Tesla is slashing prices amid slowing demand for cars and the introduction of new electric vehicle tax credits that come with strict price caps.

Tesla says price cuts are due to improved production costs. Rapidly increasing vehicle production may also be a key driver behind Tesla's move to lower prices.

So the company likely wants to ensure it has plenty of orders to support its continued growth. One model -- the base model of the company's Model Y vehicle -- saw its price get slashed by $13,000, or 20%. The company regularly tells investors it expects production and unit deliveries to increase at a rate of about 50% annually for the foreseeable future. If investors take Tesla at its word, demand is not the primary reason for the price cuts. While demand challenges may be one part of the story, this likely isn't the only reason for the price cuts. Starting with aggressive price reductions to its Model 3 and Model Y prices in China, the [electric car company](https://www.fool.com/investing/stock-market/market-sectors/consumer-discretionary/automotive-stocks/electric-car-stocks/) has now slashed prices in the U.S.

Many Tesla owners are voicing frustration after CEO Elon Musk announced significant price slashes to the massively popular electric cars.

[TESLA CUTS PRICES ON MODELS SOLD IN THE US: REPORT](https://www.foxbusiness.com/markets/tesla-cuts-prices-models-sold-us-report) "Anyone who bought a Tesla recently will feel an immediate impact wish they leased it." The Model 3 and Model Y are Tesla’s bestselling vehicles. That puts the vehicle below a $55,000 cap, making it eligible for the tax incentive. I feel like a got taken advantage of as a consumer," Marianne Simmons, a Tesla owner who purchased her latest vehicle from the company in September, told the outlet. [The electric automaker](https://www.foxbusiness.com/category/tesla) has reportedly cut prices on some models by nearly 20%, according to the Wall Street Journal.

Three people were injured in the accident, including both drivers and one passenger.

It is not known if the driver of the Model Y simply wasn’t paying close enough attention and ran into the curb, or if other factors (such as a driver assistance system) were involved. Photos of the aftermath of the accident show that the damage was pretty severe, with the airbags deployed, the hoods crumpled, and both front bumpers significantly broken. It’s hard to say with certainty what was going on inside the vehicle, but it appears that the Model Y actually accelerates into the opposing lane, suggesting that the driver may have mistakenly hit the accelerator pedal instead of the brake. A third car, meanwhile, that was following the silver Tesla also suffered damage after it was unable to stop in time. [a black Tesla Model Y](https://www.carscoops.com/tag/tesla-model-y/), which was entering the tunnel. An incident involving Tesla on Tesla violence was recently filmed inside a tunnel in Hong Kong.

The price cuts apply to vehicles sold in the United States and range from 6% to 20% for Model 3 and Model Y SUVs and some higher-end models.

"They're no longer the only game in town, it's a softer macro, and also they needed to cut prices to qualify Model Y for the tax credit." It also is expected to eventually produce Model 3 vehicles and batteries. Under the legislation, consumers can qualify for as much as a $7,500 tax credit on new EVs and plug-in hybrids, but the vehicles have to meet certain criteria: It must weigh less than 14,000 pounds, must be assembled in North America, and must use a battery with at least 7-kilowatt hours of capacity. The vehicle did not reach the weight minimum to be considered an SUV by the government standards, and as of last week cost too much to qualify as a smaller vehicle. Tesla is increasing production at its $1.1 billion manufacturing facility in Central Texas, called Giga Texas, which opened in April. [The price cuts apply to vehicles sold in the United States](https://www.statesman.com/story/business/technology/2023/01/13/tesla-price-drop-model-y-electric-vehicle-tax-credits-sales/69806073007/) and range from 6% to 20% reductions for Model 3 and Model Y SUVs and some higher-end models. [Tesla](https://www.usatoday.com/story/money/2022/12/28/tesla-stock-musk-shanghai-production/10958559002/) just got a lot cheaper, after the Austin-based electric automaker slashed prices by as much as 20% likely in an effort to increase demand. The company will issue its quarterly earnings report later this month, but has already announced that it sold a record 1.3 million vehicles last year. [web](https://www.tesla.com/compare)site shows the Model Y with the largest drop in sticker price, from $65,990 to $53,990, a 20% decrease. The most expensive vehicles on the market dropped as much as $21,000, including the company’s Model S Plaid, which had a 15% price drop. buyers, the drop means that certain Model 3 sedans and Model Y SUVs are now below the cap needed to qualify for electric vehicle tax credits under changes set in motion by the federal Inflation Reduction Act, which was signed into law last year. Looking to buy a Tesla?

Can Tesla remain the leader in the modern electric vehicle market it effectively created? That question has been on the mind of EV buyers, investors, ...

“We believe all together these price cuts could spur demand/deliveries by 12 percent to 15 percent globally in 2023 and shows Tesla and Musk are going on the ‘offensive’ to spur demand in a softening backdrop,” Ives said. stalwarts (GM and Ford) that Tesla is not going to play nice in the sandbox with an EV price war now underway.” And Tesla seems to have few known all-new products in the immediate pipeline besides the long-delayed Cybertruck and Roadster. While it’s unlikely that customers in the US and Europe will go that far, one group of people did find themselves quite happy with this decision: Tesla’s long-term investors. The price cuts come on the heels of a similar move in China last week. “Tesla’s latest price cuts reflect a major shift in the EV market,” said Jessica Caldwell, the executive director of insights at the car-buying website Edmunds. In the U.S., the move was also timed to coincide with EV tax credit changes under the Inflation Reduction Act. Some even said this could be the first shot in a looming EV “price war,” even as automakers struggle to source enough materials to put these cars on the road en masse. “But now, Tesla must be competitive in multiple areas including price, design, and performance,” she said. Many took to social media on Friday, including Twitter, the platform Musk personally owns, “The changes to take note of especially are for the Model Y, with some configurations seeing their MSRPs dropped by as much as $13,000, truly a staggering discount that’s rare to see happen in this industry,” said Robby DeGraff, an analyst with the automotive research firm AutoPacific. The Model Y Performance has gone down from nearly $70,000 to about $57,000, also before the tax credits.