Tesla gives German driver 9% discount, but investors may not be convinced
Tesla's price cuts in China couldn't prevent the EV maker shedding 7% of its share price as BYD and Volkswagen turn up the heat.
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Tesla's price cuts in China couldn't prevent the EV maker shedding 7% of its share price as BYD and Volkswagen turn up the heat.
Elon Musk has said he's willing to sacrifice profit margins for market share. He may be losing both.
Tesla Inc has slashed prices of its Model Y cars in Germany, a week after the carmaker reduced its Model 3 and Model Y prices in China. Tesla reduced prices for Model Y Long Range and Model Y Performance by 5,000 euros to 49,990 euros ($54,340) and 55,990 euros respectively, representing a discount of 9% and 8.1% compared to the previous prices. The latest price cut comes after Tesla announced last week that it would suspend most of its car production at its factory near Berlin from Jan. 29 to Feb. 11.
Tesla Inc TSLA-Q has slashed prices of its Model Y cars in Germany, where it lost the spot as top electric vehicle seller to Volkswagen in 2023, a week after…
Tesla cut prices for its Model Y cars in markets across Europe, not long after announcing similar price cuts for its Model 3 and Model Y cars in China.