{"id":10292,"date":"2023-04-14T09:36:57","date_gmt":"2023-04-14T09:36:57","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/factbox-tesla-cuts-more-prices\/"},"modified":"2023-04-14T09:38:44","modified_gmt":"2023-04-14T09:38:44","slug":"factbox-tesla-cuts-more-prices","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/factbox-tesla-cuts-more-prices\/","title":{"rendered":"Factbox-Tesla cuts more prices in a bid to spur demand"},"content":{"rendered":"

(Reuters) – Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin.<\/p>\n

Following are details of the price cuts:<\/p>\n

CHINA<\/p>\n

Tesla reduced prices for all versions of its Model 3 and Model Y cars in China by between 6.0% and 13.5% in January, according to Reuters calculations.<\/p>\n

In February, however, the carmaker raised prices of the performance and long-range versions of its Model Y mid-size sport utility vehicles (SUV) in China.<\/p>\n

In the second such price increase, starting prices of the two versions of Model Y in China were increased by 2,000 yuan each to 311,900 yuan ($44,983.20) and 361,900 yuan.<\/p>\n

The performance Model Y remains 9% cheaper than before the price cuts, while the long-range version is 13% cheaper.<\/p>\n

JAPAN<\/p>\n

Tesla cut the prices of its Model 3 and Model Y cars by about 10% each in Japan for the first time since 2021. The price for the Model 3 rear-wheel drive version is now 5.369 million yen ($39,501.18), down from 5.964 million yen.<\/p>\n

SOUTH KOREA<\/p>\n

Tesla’s price cuts differed from model to model, but ranged from about 6 million won to 10 million won ($7,702.74), a Tesla sales official in South Korea said.<\/p>\n

The price of Tesla’s basic Model 3 rear-wheel drive vehicle was listed as 64.34 million won ($50,637) on the company’s website on Friday. Its Model Y Long Range sports utility vehicle was 84.999 million won.<\/p>\n

UNITED STATES<\/p>\n

On April 7, Tesla announced its fifth vehicle price reduction this year in the U.S. market, cutting prices by between 2% and nearly 6%.<\/p>\n

Tesla has cut the price of its base Model 3 by a cumulative 11% since the beginning of the year, with a 20% reduction on its base Model Y, according to Reuters calculations.<\/p>\n

GERMANY<\/p>\n

Tesla cut prices on the Model 3 and the Model Y by about 1% to almost 17%, depending on the configuration, in January.<\/p>\n

In April, it lowered the price of the Model 3 by 2,000 euros, or 4.5%, to 41,990 euros ($46,462), according to data on its website.<\/p>\n

The carmaker also cut the price for the Model 3 Performance version to 54,990 euros, a discount of 9.8% from the price previously.<\/p>\n

The price of its Model Y Performance version was slashed by 9.2% to 60,990 euros. The Model Y rear-wheel drive and long range prices remained the same.<\/p>\n

FRANCE<\/p>\n

Customers buying the Model 3 for 44,990 euros ($47,860.36) will now get a further price reduction through a government subsidy of 5,000 euros. The upper limit for the EV scheme is 47,000 euros.<\/p>\n

SINGAPORE<\/p>\n

Tesla cut prices of its Model 3 and Model Y vehicles by between 4.3% and 5% in April.<\/p>\n

Tesla cut prices on real-wheel drive version of both Model 3 and Model Y by S$4,000 ($3,020), and dual motor all-wheel drive version of the two models by S$5,000, its website showed.<\/p>\n

ISRAEL<\/p>\n

The price of the base rear-wheel drive Model 3 was 152,990 shekel ($41,953) as of April 14, down 25% from its price after an initial round of global price cuts in January.<\/p>\n

\n

(Compiled by Miyoung Kim, Victoria Waldersee, Anne Marie Roantree, Tiyashi Datta, Akash Sriram and Chavi Mehta; Editing by Robert Birsel)<\/p>\n

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(Reuters) – Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin. Following are details of the price cuts: CHINA Tesla reduced prices for all versions of its Model 3 and […]<\/p>\n","protected":false},"author":8,"featured_media":10293,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-10292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3D09T-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=10292"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10292\/revisions"}],"predecessor-version":[{"id":10294,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/10292\/revisions\/10294"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/10293"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=10292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=10292"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=10292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}