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 United States, 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 percent so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers.
Musk posted early Saturday on X, the social media platform known as Twitter before he acquired and renamed it, that the cost of an entry-level Tesla was as low as $29,490 once a federal tax credit and gas savings were factored in.
Read Full Article Here
Tesla Cuts US Prices for 3 of Its Electric Vehicle Models After a Difficult Week
- by: The Associated Press
- 04.21.24
- Source:
The Epoch Times
- 04/22/2024
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- by: Associated Press
- Source:
NY Post
- 04/17/2025
Puerto Rico hit with massive island-wide blackout ahead of Easter weekend
An island-wide blackout hit Puerto Rico on Wednesday as the largely Catholic residents of the U.S. territory prepared to celebrate the Easter weekend, officials said.
- by: Neil Munro
- Source:
Breitbart
- 04/17/2025
Democrat Van Hollen Travels to Deported Migrant in El Salvador
Democrats and their media allies are portraying a deported illegal migrant from El Salvador as a martyr of U.S. migration policy, so helping President Donald Trump’s deputies spotlight the Democrats’ sympathy for criminal illegals.
- by: Shane Croucher
- Source:
News Week
- 04/17/2025
China Faces 245% Trump Tariff
The White House said China is facing up to a 245 percent tariff on imports to the U.S. "as a result of its retaliatory actions," as the trade war between the world's two largest economies continues to heat up.
- by: Bethany Blankley
- Source:
The Center Square
- 04/16/2025
Illegal border crossings hit record low second month in row
Since President Donald Trump’s been in office, illegal border crossings reached record lows in March, reversing Biden administration illegal crossings, which were the highest in recorded U.S. history.