Tesla has slashed prices on its electric vehicles in the United States and Europe, the automaker's website shows, extending a new strategy of aggressive discounting after missing Wall Street estimates for deliveries.
A new Tesla Model 3 is shown at a delivery center on the last day of the company's third quarter, in San Diego, California, September 30, 2019. REUTERS/Mike BlakeSome models now qualify for U.S. tax creditshas slashed prices on its electric vehicles in the United States and Europe, the automaker's website shows, extending a new strategy of aggressive discounting after missing Wall Street estimates for deliveries.
For a U.S. buyer of the long-range Model Y, the new Tesla price combined with the U.S. subsidy that took effect this month amounts to a discount of 31%. In addition, the Tesla move broadened the vehicles in its line-up eligible for the Biden administration tax credit. "This should really boost 2023 volumes," Gary Black, a Tesla investor who has remained bullish on the company and its prospects through the recent, sharp share price decline, said in a tweet. "It's the right move."
Before the price cut, Tesla inventory in the United States, as tracked by the models its website shows as immediately available, had been trending higher. Prices onNEW SALES LEADERSHIP , to follow suit in what could become a price war in the largest single market for electric vehicles.Tesla's Model 3 was the best-selling electric vehicle in Germany last month, followed by the Model Y, beating Volkswagen's
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