Tesla cuts prices in several markets internationally, Q1 2024 sees drop in sales for the first time in four yearsThe American electric vehicle maker announced reductions in prices for the US market, beginning with the Model Y that dropped to US$42,990 , while its larger models thewhich dropped to US$72,990 and US$77,990 , respectively. The Model S and Model X are no longer sold in right-hand-drive markets.
Tesla pricing in China followed suit, with the starting price of the updated Model 3 in China dropped by 14,000 yuan to 231,900 yuan , according to the report by The Guardian citing Tesla’s official website. Germany also saw price cuts for Tesla vehicles, where RWD Model 3 pricing dropped from 42,990 euros to 40,990 euros .
Price cuts have also taken place in Europe, the Middle East and Africa, The Guardian cited a Tesla spokesperson as saying. The price reductions across markets has come after the EV maker’s global vehicle deliveries in the first quarter of this year recorded a drop for the first time in four years, according to the news outlet.for a defect found with its accelerator pedal.
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