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In the firm’s June 2023 report, the data shows that used EV prices have fallen by nearly 30% year over year, with price drops actually accelerating from 8.8% in January to 16.8% in March and to ...
Pricing on the Model S hatchback drops by around $5000, and the Model X SUV now costs roughly $10,000 less than before.
2023 Tesla Model 3 “Over the past couple of years, the supply of EVs has generally outstripped demand, causing many manufacturers to lower their prices,” Tunnacliffe said.
Cutting prices from 6% all the way to nearly 20% is cutting deep into Tesla’s profit margins, which prior to these cuts was the envy of the automotive world (Tesla’s automotive gross margin ...
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 ...
Tesla's fourth-quarter sales for 2024 topped 2023, but full-year sales fell short. Grzegorz Wajda/SOPA/Getty Images Tesla said on Thursday that it sold about 1.79 million cars in 2024.
The new shorter-range Model S and Model X start at $79,880 and $89,880, respectively.
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 missing Wall Street estimates for 2022 ...