By dint of discounts now the Tesla Y costs less than the average US car
Tesla's latest round of price cuts on the Model Y — which brought the base model crossover down to $46,990 — made the vehicle cheaper than the average new vehicle in the United States.
In fact , according to Bloomberg , the price is now about $759 lower than the average price of a car or truck. The Model Y was the top-selling EV in the U.S. last year, the report said, saying of Tesla's price cuts: " No automaker has made such a dramatic cut on a high-volume vehicle." in the modern age of the automobile”. This can be easily seen in the next image
Tesla is pursuing what appears to be a wholly schizophrenic pricing strategy, with reports breaking late last week that the automaker would be raising the price of its Model X and Model S vehicles just hours after missing margin estimates. of earnings in its earnings report.
The Model S Plaid and Model X Plaid now cost $107,490, up from $104,990 previously, Reuters reported last week. Additionally, the regular Model X is at $97,940, up about 2.6%, while the Model S is at $87,490, up about 2.9%.
Recall that shares of the EV maker tumbled last week after reporting gains that disappointed Wall Street. Among the topics of discussion were the company's low margins, due to the fact that Tesla has cut prices consistently since the beginning of 2023. The total margin for the quarter was 19.3%, missing estimates by 21.2% and down 977 percentage points from 29.1% a year ago.
Tesla closed the first quarter with record shipments, exceeding 423,000 units worldwide, but this is still a figure lower than that produced by the automaker. Tesla cut prices throughout the quarter, aiming to reach the mass market, and as Bloomberg calculated last week, the latest price cut makes the Tesla Model Y nearly a third cheaper than it started. of the year, thanks in part to the introduction of a new lower level trim.
The most recent price cuts for the Model X and Model S came on March 6, just over a month ago, when the company slashed the starting prices of the S and X in the U.S. by 5.3 percent, respectively. and 9.1%, bringing them to $89,990 and $99,990. In addition, the higher performance Plaid version of the Model S and X was lowered by 4.3% and 8.3%.
Just hours before reporting the results, the company made its sixth price cut of the year. Model Y prices were cut by $3,000 and the base Model 3 was cut 4.7 percent to under $40,000. Just a few days earlier we had written about a fifth round of price cuts Tesla had implemented this year.
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The article By dint of discounts now the Tesla Y costs less than the average US car comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/a-furia-di-sconti-ora-la-tesla-y-costa-meno-della-media-della-auto-usa/ on Sat, 29 Apr 2023 07:00:53 +0000.