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The EV giant said that the labor and material costs of making vehicles, known as the cost of goods sold per vehicle, dropped to its lowest-ever level, about $35,100.
The company said the average cost per vehicle built came down to its lowest level ever at $35,100, down about $2,400, or 6%, from a year earlier. ... Tesla has been leading a price war in the ...
Bofa said the new, cheap EV will increase Tesla’s TAM, cost less than $30,000, and benefit from a lower cost due to reduced features and cost-cutting. BofA also said it was confident more models ...
Musk shaved the price of the Model Y Long Range, Tesla’s single most important nameplate, to $48,990, representing a decrease of $2,000 versus its previous sticker price.
Tesla’s price cuts have squeezed its profit margins and caused its stock to fall about 4% in trading Monday, ahead of its first quarter earnings report due out after the bell Tuesday.
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The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years ...
The latest in a series of price cuts that have wreaked cascading harm to the value of used Teslas now reduces the Model Y’s starting price to $42,990, before a federal tax credit that can cut up ...
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