Tesla cuts prices again in the U.S.
Prior to reporting its Q1 earnings, Tesla has once again reduced prices in the United States.
Tesla has lowered prices multiple times in recent years as it looks to make its electric vehicles more affordable and get more on the road. Today, Tesla is expected to share its earnings report for Q12023, giving audiences a better idea of how well it performed over the past few months. Ahead of this release, Tesla has once again cut prices on its cars in the United States.
Specifically, Tesla has lowered prices on Model Y and Model 3 electric vehicles, as reported by Reuters. The Model Y long range and performance EVs had their prices reduced by $3,000, and the rear-wheel drive Model 3’s price was reduced by $2,000. This is the sixth time that Tesla has lowered prices on its vehicles this calendar year, with the Model Y and Model 3 receiving 20 and 11 percent cost reductions, respectively.
Source: Tesla
The United States will soon introduce new rules for its EV tax credit program that makes them harder to earn. This is likely the cause of Tesla’s continued price reductions, as the company wants to increase demand for its EVs. Tesla (TSLA) stock was down roughly 2.5 percent on the news of its latest price cuts, falling to a value of $178.54 this morning.
The United States isn’t the only nation where Tesla has been slashing prices on its cars. China, Japan, South Korea, and Australia have also received significant price reductions on the EVs in recent months.
With yet another Tesla price cut in the books, it will be interesting to see if the company speaks to the decision in its Q1 2023 earnings report, which will be released later today. For any of the news out of that release, as well as everything else going on in the world of EVs, Shacknews has you covered.
-
Shacknews
replyDonovan Erskine posted a new article, Tesla cuts prices again in the U.S.
-
-
Didn’t a dude on here have a daughter named tesla.
-
Yeah it was the guy who took the shirtless selfies in Canadian cold. He and others have understandably gotten pissed about people making fun of their kids' names (imo)
-
-
-
With Model Y getting full $7500 credit plus no dealer friction, tough argument to purchase any other similar Ev at this point (I don’t own any EV)
-
-
Yeah I know Tesla isnt the most popular but cmon direct sales no BS is pretty admirable
-
-
Problem in a lot of cases is really the supply issues that other manufacturers have, if you’re interested in direct ordering and avoiding bullshit dealer markups.
-
-
Speaking of Tesla, I used a supercharger for the first time ever last weekend, after owning the car for 2+ years. It is expensive, nearly the same price as gas per km. It $19 for 250km where gas would be like $22 or so. Yet charging at home would have been around $3.
-
Damn, that’s fucked up! I assumed there would be some markup but didn’t realize it would be that extreme.
-
Are you in Canada? Canada has some stupid billing laws about EV charging that are fucking it up a bit.
-
-
Thanks! Will give it a read.
-
-
Yes I am. I assume this was everywhere.
-
[deleted]
-
-
wtf it's never cost me near that much. sorry canada
-
-
[deleted]
-
Sorry, you ordered at the higher price, so that's what you'll pay. But you do get a blue checkmark on Twitter, and this sweet 420.69 doge sticker for your car.
-
[deleted]
-
All hate is directed at Elon, and more importantly: I am bad at jokes.
-
[deleted]
-
-
-
-
-
so tempting to trade in my 2020 3 and get a new one
-
