Tesla cuts some US electric vehicle prices after difficult week
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
Children are evacuated from school 'during an exam' after threat made via email
Children have been evacuated from a school with Year 11 students told to leave mid-exam after a thre2024-05-21Palestinian death toll in Gaza Strip rises to 32,623: ministry
(Xinhua) 09:46, March 30, 2024Children are seen in front of a damaged building in the southern Gaza2024-05-21Xi: Accelerate upgrading of industries
By Mo Jingxi (Chinadaily.com.cn) 08:24, May 06, 2023Workers check machinery for export at a manufact2024-05-21Nick Lodolo stars in return as the Reds beat the light
CHICAGO (AP) — Nick Lodolo struck out 10 in 5 2/3 innings in his first big league start in almost a2024-05-21Nadal returns to Roland Garros to practice amid doubts over fitness and form
PARIS (AP) — Rafael Nadal returned to Roland Garros on Monday to practice and try and figure out whe2024-05-21Xi calls on Shaanxi to write new chapter in advancing Chinese modernization
(Xinhua) 08:05, May 18, 2023Chinese President Xi Jinping, also general secretary of the Communist Pa2024-05-21
atest comment