04/22/2024

Tesla Cuts its Car Prices Worldwide

This follows a week of turmoil for the company

Tesla has slashed prices for its electric vehicles in the United States, China and other countries, comparisons of its websites late Friday and over the weekend show.

In the U.S., the company reduced the starting prices of its Model X, Model Y and Model S by $2,000, which is a drop of less than 5 percent for the most affordable model. Prices for Model 3 and Cybertruck remained the same.

In China, Tesla dropped prices for all of its models on sale there for 14,000 yuan, or just over 5 percent for the most affordable model. China is Tesla's largest market outside of the United States and accounts for over a fifth of its revenue, according to the company's latest annual report.

Please select this link to read the complete article from NPR.