• 21
  • 3
  • Favorite

Tesla Cuts Prices Again: Shaves $1,000 Off On 7-Seater Model Y

Benzinga2023-04-28

Tesla Inc has cut the price on its 7-seat Model Y by $1,000 in the U.S.

What Happened: Tesla Model Y long range’s seven-seat interior option will now cost the U.S. consumer an additional $3000 on top of the base price, as per Tesla’s website. Previously, it cost $4000 more. A five-seat interior is already included in the mid-size SUV.

The Model Y’s base model is priced at $49,990 and qualifies for a $7,500 federal tax credit.

Why It Matters: Earlier this month, Tesla cut prices of some of its Model Y and Model 3 vehicles in the U.S. ahead of its first quarter results. The EV giant’s price cuts commenced in about January with price cuts of up to 19.7%.

The slew of price cuts enabled better first-quarter deliveries for the EV giant and added pressure on rival EV makers to cut costs to battle competition.

However, Tesla delivered only 10,695 units of its Model Y/3 vehicles in the first quarter as compared to the 17,147 units it sold in the previous quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment3

  • MIe
    ·2023-04-28
    Tesla aggressive on ramp up demand and sales $$$
    Reply
    Report
  • breAkdaWn
    ·2023-04-28
    Its only an electric motor! Not a solid IC engine. Should not cost more than 25k USD!
    Reply
    Report
    Fold Replies
  • Zepth
    ·2023-04-28
    It's a good time to buy Tesla......cars[LOL] 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial