Tesla (NASDAQ:TSLA) shares have seen a decline of over 2% intra-day today, following the company’s decision to reduce prices on its Model Y electric vehicle in Germany. This move is part of Tesla’s response to losing its position as the leading electric vehicle seller to Volkswagen in 2023.

In a specific breakdown of the price cuts, Tesla has reduced the cost of the Model Y Long Range and Model Y Performance versions by 5,000 euros each. The new prices are set at 49,990 euros (approximately $54,340) for the Model Y Long Range and 55,990 euros for the Model Y Performance, equating to discounts of 9% and 8.1%, respectively.

This recent price adjustment in Germany mirrors Tesla’s earlier price reductions for the Model 3 and Model Y in China, which occurred just a week prior. Additionally, Tesla’s official website indicates that the price for the Model Y rear-wheel-drive unit has also been lowered by 1,900 euros, or 4.2%, resulting in a new price of 42,990 euros. These strategic price reductions are part of Tesla’s broader efforts to maintain competitiveness in the increasingly crowded electric vehicle market.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

× ¿Cómo puedo ayudarte?