Tesla cuts some US electric vehicle prices after difficult week
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk.
The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. Prices for the Model 3 sedan and the Cybertruck stayed the same.
The cuts reduced the starting price for a Model Y to $42,990 and to $72,990 for a Model S and $77,990 for a Model X.
The move came the day after Tesla’s stock tumbled below $150 per share, eliminating all gains made over the past year. The Austin, Texas, company’s stock price has dropped about 40% so far this year amid falling sales and increased competition. Discounted sticker prices are a way to try to entice more car buyers.
Related articles
What's next for Iran after death of its president in crash?
JERUSALEM (AP) — The death of Iran’s president is unlikely to lead to any immediate changes in Iran’2024-05-21Airbnb, Topgolf Callaway fall; AppLovin, Cheesecake Factory rise, Thursday, 5/9/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Airbnb Inc.2024-05-21Braves make 2 deals with infielders, adding Short from Red Sox and sending Guillorme to Angels
ATLANTA (AP) — The Atlanta Braves acquired utility infielder Zack Short from the Boston Red Sox on T2024-05-21Türkiye's move to cut trade with Israel new blow to strained ties
ANKARA, May 6 (Xinhua) -- Türkiye's decision to freeze trade ties with Israel marks a decisive step2024-05-21Bella Hadid goes braless in a thigh
She is one of America's most recognisable fashion models.And Bella Hadid continued to show why she i2024-05-21AP Week in Pictures: Europe and Africa
May 3-9, 2024Crowds of people welcomed the Olympic torch on its arrival to France before the Summer2024-05-21
atest comment