The company dropped prices nearly 20% in the United States on some versions of the Model Y SUV, its top seller. That cut will make more versions of the Model Y eligible for a $7,500 electric-vehicle tax credit that will be available through March. It also reduced the base price of the Model 3, its least expensive model, by about 6%.
Far from pleasing investors, the sharp price cuts sent Tesla shares down nearly 4% in midday trading Friday. Since the start of the year, the stock has plummeted more than 65%. Many investors fear that Tesla’s sales slowdown will persist and have grown concerned about the erratic behavior of CEO Elon Musk and the distractions caused by his $44 billion purchase of Twitter.
Itay Michaeli, an industry analyst at Citi, wrote in a note to investors that Tesla appears to be prioritizing sales volume over price — a strategy that could affect its profit margins, at least in the near term.
it’s not that Bitchin a car. They were idolized when they represented progressive living and rebellion but now that Elon is turning Twitter to the right to make it even teslas are no longer fashionable
in China TESLA is getting the mudness market, FSD is a nessesary of TESLA in China. due to TESLA have not charging station on highway of China. but NIO is more convince charging on highway. so TESLA will lose the game finally.
Teslas are amazing, but I still prefer the Chevrolet Bolt $26k . I rather rent a Tesla than buy one. Owning one has a certain taste, meh , not for me 🤷🏻♂️
Sitting at a charger for an hour sounds like fun
Ha! Liberal media trying to talk smack about Tesla to get back at Elon. Tesla sales were up 40% year over year and with the new lower prices & incentive they will probably be up another 50% this year.
Everything Trump touches dies 🤷🏼♂️
you think MAGAs would line up to buy one…
Yeah, sorry. EVs are produced using slaves. Regardless of brand.
I'd rather drive a Yugo with no heat in the winter in Minnesota.
Tunnels anyone?
Fake news
Cutting the price of a lump of shite still gets you a lump of shite. He can only blame himself as MAGA extremism is responsible for people wanting their petrol vehicles and he supports MAGA. But then the tax thief probably will gain from the theft being made legal eventually
So the sales rely on tax credit to make them attractive? I thought Elon was against gov subsidies and financial support.
I’m still not buying one.
lmao
👍😀
Who wants a Tesla now, their CEO is a complete clown and being associated with Elmo essentially makes you a clown too…
Demand dropped because Elon Musk is now the equivalent of a red MAGA hat.
Musk seems like a solid guy but I will never buy a electric shitbox.
There are too many choices that are way better than tired old Tesla designs.
I will never buy ⚡️ cars due to personal reasons but do you have an agenda against Tesla? you’re 100% anti-Tesla. Are you a news outlet or propaganda mouthpiece?
4 wheeled Maga hats
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Sales aren’t slowing. At all. Lies from the AP. Haven’t heard a word about garagegate, though…
Cannot pay me to buy a Tesla. Any other electric car is a yes!
I don't see a surplus of Tesla's sitting anywhere ready for sale
Cutting prices won’t ease the woes. You have a vehicle having safety/performance problems and you have a CEO who isn’t being transparent with investors. Last I checked, a cut in price doesn’t fix those issues.
“I think the real driver for all of this is falling demand for Teslas.” samabuelsamid WeAreGHInsights
Oh no, did Elon alienate all the Democrats who wanted an electric vehicle? Oh well...
There is no flagging demand!
Even billionaires like elonmusk sometimes think they are too smart and know everything. The free fall
It’s a FIRE sale 🔥
elonmusk — tesla isn’t the only quality electric car around; perhaps your time at fearwomen Twitter is distracting you
I still won’t buy one. When that time comes I’ll look elsewhere
It’s going to be even cheaper once the new EV from other companies come out this spring.
When the purchase price reflects its worth ($.01) I still won't buy one. Go to hell elon!
Better options on the market not associated with a fascist maga manbaby
Too bad MAGA red hatters don’t buy Tesla
Let that sink in.
For those that just paid the higher price, Mr. Musk thanks you, he needs it more than you do 🎂🍻
No thanks. Not anymore.
Over priced & ugly design! I’ll take a hard pass.
So...they were overpriced and hoping to trade on elmo's 'mystique,' which has now been stripped away. Is that what the mfr is saying?
I want to be a billionaire so I can get welfare too.
wait until you see how much a BYD, the world's most popular electric car, costs
I can almost scent corporate bailout in the winds. Tesla will give a little to get a lot from the public purse. As predictable as its plunging stock.
U. G. L. Y.
Not worth it
Lower prices doesn't change the fact that they're still poorly made vehicles that catch on fire and stop for no reason.
I'd buy one if they looked better. EVs look horrible, for the most part.
Cue the anti-school loan debt reliefers: Why should others get a discount on a car others paid full price for?
I still don't want to buy.
Animal feces accounts really need to step up and start buying more Teslas. Do it for your country.
And crazed tesla drivers don't help
销量上涨
I’ll just look to the established car companies. Don’t need my car to decide to stop in the middle of a busy highway.
Not Elon running for help to the government again.
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