Tesla cuts prices around the world as sales decline in a chaotic week
by The Guardian
The Guardian— Global vehicle deliveries fall for first time in four years amid growing competition, while Cybertruck faces recallTesla slashed prices of three of its five models in the US late on Friday, then went on to cut prices around the globe – including in China and Germany – as the company faces falling sales, a Cybertruck recall and an intensifying war for electric vehicles (EVs).On Friday, the company, led by the billionaire Elon Musk, cut the prices of the Model Y, a small SUV that is Tesla’s most...
Drudge Report—Tesla cuts prices in China, Germany and around globe after US cuts. BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs. The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years. "Tesla prices must...
BBC News—Tesla: EV giant cuts prices in major markets as sales fall. The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.
TechCrunch—Tesla earnings week spotlights EV price cuts, 'balls to the wall' autonomy push. Tesla investors, still digesting a 43% drop in share price since the beginning of the year, are gearing up for what will likely be unimpressive financial results for the first quarter and a shift in priorities for CEO Elon Musk, who is making more moves to go “balls to the wall for autonomy.” Tesla is expected to […] © 2024 TechCrunch. All rights reserved. For personal use only.