Skip to main content

Tesla cuts prices after massive Cybertruck recall

Tesla EV electric vehicles on display. Tesla products include electric cars, battery energy storage and solar panels.

Tesla has announced significant price reductions across several of its models, including the Model Y, Model S, and Model X, each reduced by $2,000 in the US. This pricing adjustment comes amidst a series of setbacks for the company, including workforce reductions, executive departures, legal challenges concerning CEO Elon Musk's compensation, and paused projects, as reported by Electrek.com.

The decision to lower prices does not affect the Model 3 or the recently recalled Cybertruck. However, it aligns with a pattern observed last quarter when Tesla temporarily discounted its popular Model Y in response to disappointing delivery results and rising inventory levels. This price reduction returns the Model Y to its lowest recent price point, equivalent to the temporary discount offered earlier in February.

It also seems that Tesla is ending its referral program, starting on April 30. However, Musk has stated that the program would be relaunched in the future.

The new starting price for the Model Y RWD is now $42,990, down from $44,990. Other trims, including the Long Range and Performance models, have seen similar $2,000 reductions, bringing them to $47,990 and $51,490, respectively.

The more upscale Model S and Model X also enjoy the $2,000 discount, with the Model S now starting at $72,990 and the Model X at $77,990. This reduction marks the lowest price point for the Model X, which also qualifies for a federal tax credit, potentially reducing its upfront cost further.

Electrek notes that Tesla has not labeled these reductions as "temporary" — suggesting a potential strategic shift in pricing. These cuts come at a time when Tesla is also promoting a new lease offer for the Model 3 at a reduced rate of $299 per month, down from $329.

This series of price adjustments appears to be a response to various internal and external pressures facing Tesla, aiming to boost sales and address stock issues amidst ongoing challenges.



from Mashable https://ift.tt/EN8f5r7
via IFTTT

Comments

Popular posts from this blog

Instagram accidentally reinstated Pornhub’s banned account

After years of on-and-off temporary suspensions, Instagram permanently banned Pornhub’s account in September. Then, for a short period of time this weekend, the account was reinstated. By Tuesday, it was permanently banned again. “This was done in error,” an Instagram spokesperson told TechCrunch. “As we’ve said previously, we permanently disabled this Instagram account for repeatedly violating our policies.” Instagram’s content guidelines prohibit  nudity and sexual solicitation . A Pornhub spokesperson told TechCrunch, though, that they believe the adult streaming platform’s account did not violate any guidelines. Instagram has not commented on the exact reasoning for the ban, or which policies the account violated. It’s worrying from a moderation perspective if a permanently banned Instagram account can accidentally get switched back on. Pornhub told TechCrunch that its account even received a notice from Instagram, stating that its ban had been a mistake (that message itself w

Colorado police identified the serial killer who murdered 4 women 40 years ago after exhuming his body to analyze a DNA sample

A scientist examines computer images of DNA models. Getty Images Police in Colorado have cracked the cold cases of four women killed 40 years ago. Denver PD said genetic genealogy and DNA analysis helped them identify the serial killer. He had died by suicide in jail in 1981. DNA from his exhumed body matched evidence from the murders. Police in Colorado have cracked the code on four murder cases that went unsolved for 40 years, using DNA from the killer's exhumed body. The cases pertain to four women killed in the Denver metro area between 1978 and 1981. They were 33-year-old Madeleine Furey-Livaudais, 53-year-old Dolores Barajas, 27-year-old Gwendolyn Harris, and 17-year-old Antoinette Parks. The four women were stabbed to death. Denver Police Commander Matt Clark said in a press conference Friday that there was an "underlying sexual component" to the murders but didn't elaborate further. In 2009, a detective reviewed Parks' case and picked several p

Axeleo Capital raises $51 million fund

Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale , while the fund is called Axeleo Capital . And it’s important to mention both parts of the business as they work hand in hand. Axeleo picks up around 10 startups per year and help them reach the Series A stage. If they’re doing well over the 12 to 18 months of the program, Axeleo funds those startups using its VC fund. Limited partners behind the company’s first fund include Bpifrance through the French Tech Accélération program, the Auvergne-Rhône-Alpes region, Vinci Energies, Crédit Agricole, BNP Paribas, Caisse d’Épargne Rhône-Alpes as well as various business angels and family offices. The firm is also partnering with Hi Inov, the holding company of the Dentressangle family. Axeleo will take care of the early stage in