December 29, 2024

On April 15, 2024, Tesla cars were parked in the parking lot of a Tesla dealership in Austin, Texas.

Brandon Bell | Getty Images

Tesla The world’s most valuable automaker on Friday cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after first-quarter deliveries fell short of market expectations.

According to its website, Musk’s electric vehicle (EV) maker has lowered the price of the Model Y base model to $42,990, with the long-range and high-performance models currently priced at $47,990 and $51,490 respectively.

The base version of the Model S is priced at $72,990, while the plaid version is priced at $87,990. The base version of Model X is priced at $77,990, and the plaid version is priced at $92,900.

Tesla North America also posts on X explain It will end its referral program benefits in all markets after April 30.

Referral programs allow buyers to earn additional rewards for referrals from existing customers, a tactic that traditional automakers have long used to boost sales.

Musk has Delay He plans to travel to India to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday, Reuters reported, citing an internal memo, that the electric car maker layoffs More than 10% of its global workforce.

Earlier this month Reuters report The electric-car maker has canceled a long-promised budget car expected to sell for $25,000 that investors had been counting on to drive mass-market growth.

The electric vehicle maker reported this month that its Global vehicle deliveries GDP fell in the first quarter for the first time in nearly four years as price cuts failed to stimulate demand.

Tesla will report first-quarter earnings on Tuesday.

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *