Tesla has lowered its selling price in the United States, but analysts say demand is weak

Tech 2023-10-07 15:19:55 Source: Network

On Thursday local time, Tesla lowered the prices of its Model 3 and Model Y models in the United States.It is understood that the price of Tesla's entry-level Model 3 has been lowered from $40240 to $38990, the price of the Model 3 high-performance version in the United States has decreased from $53240 to $50990, and the price of the Model 3 long range version in the United States has decreased from $47240 to $45990

On Thursday local time, Tesla lowered the prices of its Model 3 and Model Y models in the United States.

It is understood that the price of Tesla's entry-level Model 3 has been lowered from $40240 to $38990, the price of the Model 3 high-performance version in the United States has decreased from $53240 to $50990, and the price of the Model 3 long range version in the United States has decreased from $47240 to $45990. The price of the ModelY Long Range Edition in the United States has decreased from $50490 to $48490, while the starting price of the ModelY High Performance Edition has been lowered to $52490.

Prior to the latest round of price cuts, Tesla had released a report stating that due to planned factory shutdowns, the delivery volume in the third quarter was lower than expected.

In response, some analysts referred to this price reduction as a midnight price reduction, believing that the company's lower than expected delivery in the third quarter was not due to factory closures, but mainly due to weak demand.

It is worth mentioning that Tesla CEO Elon Musk has previously stated that he is willing to prioritize sales and market share over profit margins in the short term. I think sacrificing profits to produce more vehicles is indeed meaningful

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