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
Politically motivated crimes in Germany reached their highest level in 2023 since tracking began
BERLIN (AP) — Politically motivated crime in Germany last year reached its highest level since the g2024-05-22FIFA meets with women's soccer decisions, anti
FIFA’s gravest crisis erupted with police raids at its annual meeting in 2015 and nine years later i2024-05-22Champions League final between Real Madrid and Dortmund to be refereed by Slavko Vinčić of Slovenia
NYON, Switzerland (AP) — Slovenian referee Slavko Vinčić will officiate the Champions League final b2024-05-22Russian president Putin to make a state visit to China this week
BEIJING (AP) — Russian President Vladimir Putin will make a two-day state visit to China this week,2024-05-22Ecuador: Fire department honors five rescue dogs during retirement
QUITO, Ecuador (AP) — Five rescue dogs were honored by Ecuador’s Fire Department on Monday at a cere2024-05-22Police are still searching a suspect in the fatal shooting of a University of Arizona student
TUCSON, Ariz. (AP) — Tucson police said Tuesday that they’re still searching for any possible suspec2024-05-22
atest comment