{"id":3239,"date":"2023-04-07T07:18:32","date_gmt":"2023-04-07T07:18:32","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/tesla-cuts-prices-in\/"},"modified":"2023-04-07T07:32:12","modified_gmt":"2023-04-07T07:32:12","slug":"tesla-cuts-us-prices","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/tesla-cuts-us-prices\/","title":{"rendered":"Tesla cuts US prices for fifth time since January"},"content":{"rendered":"<p>By Akriti Sharma and Abhirup Roy<\/p>\n<p>(Reuters) -Tesla cut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability.<\/p>\n<p>The fifth such cut in Tesla&#8217;s largest market since the start of the year comes as the United States prepares to adopt tougher standards this month that are expected to limit EV tax credits.<\/p>\n<p>Tesla cut prices on both versions of its Model 3 sedan by $1,000 and on its Model Y crossover by $2,000, the website showed. It also cut prices on both versions of its more expensive Model S and Model X by $5,000.<\/p>\n<p>The company has said the tougher U.S. standards would reduce the $7,500 tax credit available for its base, rear-wheel drive Model 3 since January. <\/p>\n<p>Some analysts who expected the further price cuts had flagged concern that Tesla&#8217;s industry-leading profit margins could be at risk. <\/p>\n<p>This week Tesla reported first-quarter deliveries of almost 423,000 vehicles, up just 4% from the prior quarter after price cuts in the United States, China and other markets aiming to spur demand.<\/p>\n<p>Tesla has set a target of 1.8 million deliveries this year.<\/p>\n<p>Tesla has cut the price of its base Model 3 by a cumulative 11% since the start of the year, with a 20% reduction on its base Model Y.<\/p>\n<p> (Reporting by Akriti Sharma in Bengaluru and Abhirup Roy in San Francisco; Editing by Kevin Krolicki and Clarence Fernandez)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/tesla-cuts-prices-in\/tesla-electric-vehicles-evs-fast-charge-using-tesla-superchargers-at-a\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ36033-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ36033-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Akriti Sharma and Abhirup Roy (Reuters) -Tesla cut prices in the United States between 2% and nearly 6%, its website showed on Thursday, as the company extends a discount drive on its electric vehicles that analysts caution could hurt profitability. The fifth such cut in Tesla&#8217;s largest market since the start of the year [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":3240,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-3239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ36033-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/3239","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=3239"}],"version-history":[{"count":5,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/3239\/revisions"}],"predecessor-version":[{"id":3304,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/3239\/revisions\/3304"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/3240"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=3239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=3239"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=3239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}