Tesla has cut prices on its top-selling electric vehicles in the United States and Germany, the automaker's website showed, extending a new strategy of aggressive discounting after missing Wall Street estimates for fourth quarter deliveries. The US price cuts, announced late Thursday (Jan 12) in US time on
Tesla has cut prices on its top-selling electric vehicles in the United States and Germany, the automaker's website showed, extending a new strategy of aggressive discounting after missing Wall Street estimates for fourth quarter deliveries.
That is before accounting for a US$7,500 federal tax credit that took effect for many electric vehicle models at the start of January. For a US buyer of the long-range Model Y, the new Tesla price combined with the US subsidy that took effect this month amounts to a discount of 31 per cent. The shift is the first major move by Tesla since appointing its lead executive for China and Asia, Tom Zhu, to oversee global output and sales after falling short of its 2022 delivery target.
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