Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Tesla makes its fourth U.S. price change in two months.

Photo Credit: Victoria Klesty Photo Credit: Victoria Klesty
Photo Credit: Victoria Klesty Photo Credit: Victoria Klesty

Listen to the article now

Tesla makes its fourth U.S. price change in two months.

One Model 3 sedan and Model Y crossover from Tesla (TSLA.O) has been reduced in price.

The electric vehicle manufacturer has adjusted prices four times this year.

Tesla’s Model Y performance crossover now costs $58,990. Rear-wheel drive vehicles cost less.

The company’s most affordable Model 3 sedan dropped $500 to $42,990, according to its website.

Both vehicles receive $7,500 federal tax credits.

It cut prices across its product line and major markets in January.t

Furthermore, the company has changed prices online frequently for an industry that still uses “sticker prices” on vehicle inventory windows.

Also, the performance Model Y, with a higher top speed and lower suspension, is 16% cheaper for U.S. customers than in early January.

Rear-wheel drive Model 3s are 9% cheaper.

The remaining two US-sold Model 3 and Model Y versions had unchanged prices on Tuesday.

It raised the price of its Model Y Long Range in the U.S. earlier this month.

This was after the government raised the price cap for crossover electric vehicles eligible for the income tax credit.

Elon Musk, the company’s CEO, reported that vehicle orders were roughly double January’s output after the first price cuts.

Musk said the “first small Model Y price increase was prompted by strong demand.

The company would focus on price to drive demand as the economy heads toward a recession,”

Tesla’s buyers in China protested January’s price cuts.

It owners complained that the price cuts reduced their vehicles’ resale value.

It cut prices this year after nearly two years of raising prices and not meeting demand.

 

 


Comment Template

You May Also Like

Breaking News

Donald Trump’s executive order challenging birthright citizenship has sparked intense legal, political, and social debates. Critics argue it defies constitutional precedent, specifically the 14th...

Breaking News

Bitcoin hits $100K in early 2025, marking a new era of crypto mainstream adoption fueled by institutional interest, regulatory clarity, and optimism surrounding crypto-friendly...

Business

A routine day in Washington, D.C., turned chaotic when law enforcement thwarted an attempted stabbing inside a business. The swift arrest of the unidentified...

Breaking News

Can AI reshape finance? Christine Ji’s *Business Insider* article explores ChatGPT’s 2025 predictions—from a bullish S&P 500 at 6,500 points to Bitcoin soaring to...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok