SAN FRANCISCO - Tesla is offering discounts of more than US$1,300 (S$1,747) on some Model 3 cars in its US inventory following even heavier discounts in Europe, according to a Reuters’ review of its website, even as the electric carmaker has raised US prices on most newly ordered cars this month. Read more at straitstimes.com.
SAN FRANCISCO - Tesla is offering discounts of more than US$1,300 on some Model 3 cars in its US inventory following even heavier discounts in Europe, according to a Reuters’ review of its website, even as the electric carmaker has raised US prices on most newly ordered cars this month.
Tesla slightly raised prices of some new models twice this month in the US, although prices remain much lower than they were before the price cuts began this year. Tesla plans to launch a revamped version of its Model 3 sedan this year to refresh its aging product lineup. The price cuts to drive up sales volume reflect pressure Tesla faces from competition and an aging product lineup, rival Ford Motor Co CEO Jim Farley said last month.Tesla’s US discounts follow deep discounts in Europe this month as production from factories in China and Berlin outpaced demand.
Tesla researcher Troy Teslike tweeted on Friday that Tesla this year has aggressively cut vehicle prices in several regions a“The problem is that the cars that are exported end up in inventory in Europe which is close to an all-time high. Now Europe has an inventory problem but not China,” he said.
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