Tesla cuts prices for its vehicles by up to 20%

Tesla cuts prices for its vehicles by up to 20%

13. January 2023 0 By Horst Buchwald

Tesla cuts prices for its vehicles by up to 20%

San Francisco, 13.1. 2023

Tesla has cut prices by as much as 20% on some of its vehicles sold in the US and Europe. In some cases, the price cuts will allow U.S. buyers to qualify for a $7,500 federal tax credit for EV purchases.

 

The base-model Y-crossover, for example, was reduced nearly 20% to $52,990, below the $55,000 cap required for the U.S. tax credit.

Similarly, the US price of the Model 3 high-performance sedan was reduced 14% to $53,990. The Model Y Long Range is now $52,990, down 20% from $65,990.

In Europe, Tesla has reduced Model Y and Model 3 prices in Austria, France, Germany, the Netherlands, Norway, Switzerland and the United Kingdom.

In 2021 and 2022, Tesla raised prices several times in the face of rising inflation and ongoing supply chain disruptions.

The company is reportedly now facing increased competition. The competing car manufacturer Ford would ramp up the production of electric vehicles.

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