Tesla cuts U.S. prices for sixth time this year — via drivingdotca autonews tesla
The company has cut U.S. prices of its base Model 3 by 11 per cent so far this year, and that of its base Model Y by 20 per cent – moves that come as the United States, its largest market, prepares to introduce tougher standards that will limit EV tax credits. It also recently lowered prices in Europe, Israel, and Singapore, as well as in Japan, Australia, and South Korea, expanding a discount drive it started in China in January.
Still, Tesla reported a sequential rise of just 4 per cent in its first-quarter deliveries, much less than the 17.8-per-cent sequential climb in the prior quarter. That has prompted several analysts to predict more price cuts as competition rises at home from rivals such as Ford; and as Tesla plays catch-up with BYD in China, its second-largest market.
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