Tesla has recently made moves to boost sales and remain competitive in the electric vehicle market by lowering the prices of its electric cars in both China and the United States. In China, almost all Tesla models have seen price reductions, with the entry-level Model 3 now priced at just over 30,000 euros. Similarly, in the US, models like the Model Y and Model X are now more affordable than ever before. For example, the cheapest version of the Model Y now costs $42,990, or approximately 40,300 euros.
In addition to these price cuts, Tesla has also reduced the cost of its Full Self-Driving (FSD) software needed for autonomous driving in Tesla vehicles from $12,000 to $8,000 in the US. Customers in the US who purchase a new Tesla will have the option to try the software for a trial period of thirty days.
However, despite these efforts to increase sales and remain competitive, Tesla’s first quarter financial figures are set to be released soon following a disappointing quarter in which fewer than 387,000 cars were delivered to customers. This marks the worst quarter for Tesla in years and resulted in a significant drop in the company’s stock price on Wall Street.
Overall, it remains to be seen whether these price cuts and discounts will be enough to turn things around for Tesla and boost sales in both China and the US.
