Tesla announced on December 6 that they are offering reduced prices on all their electric vehicles for the sixth time this year, ahead of their next earnings report. Their Model 3 now starts at $39990 which is $2,000 cheaper than when customers bought one earlier in December; two weeks ago alone, their price had already been reduced by $1,000! Earlier in summer Tesla reduced all prices across their entire line-up by 20%!
Tesla announced on its website that rear-wheel drive models no longer qualify for the $3,750 tax credit as the US removed China as a trading partner; thus EVs using batteries from China no longer receive tax credits; Tesla Model Ys and other cars receiving price reductions will still receive full $7.500 credits.
Model Y base vehicles, Long Range vehicles and Performance vehicles have now been reduced by $3,000 since their original pricing. Model Y's base model now costs $46,990 while Long Range Performance vehicles and Long Range models now start from 49,990 and 53,990 respectively. Elon Musk revealed during his January announcement of Tesla earnings for 2022 that orders had exceeded production at almost twice their rate; Bloomberg reported that Tesla could no longer meet this level of demand. Reports indicate that Ford delivered its lowest number of deliveries since 2021 in the first quarter of 2018. Reportedly, reports showed they produced thousands more cars than they delivered to customers; consequently price reductions may have been implemented as an effort to move existing inventory or increase demand.
Tesla announced on its website that rear-wheel drive models no longer qualify for the $3,750 tax credit as the US removed China as a trading partner; thus EVs using batteries from China no longer receive tax credits; Tesla Model Ys and other cars receiving price reductions will still receive full $7.500 credits.
Model Y base vehicles, Long Range vehicles and Performance vehicles have now been reduced by $3,000 since their original pricing. Model Y's base model now costs $46,990 while Long Range Performance vehicles and Long Range models now start from 49,990 and 53,990 respectively. Elon Musk revealed during his January announcement of Tesla earnings for 2022 that orders had exceeded production at almost twice their rate; Bloomberg reported that Tesla could no longer meet this level of demand. Reports indicate that Ford delivered its lowest number of deliveries since 2021 in the first quarter of 2018. Reportedly, reports showed they produced thousands more cars than they delivered to customers; consequently price reductions may have been implemented as an effort to move existing inventory or increase demand.
