Tesla aggressively cuts prices of Model 3 and Model Y by £7k

The company explained its logic in a statement: ‘Our focus on continuous product improvement through original engineering and manufacturing processes have further optimised our ability to make the best product for an industry-leading cost. As we exit what has been a turbulent year of supply chain disruptions, we have observed a normalisation of some of the cost inflation, giving us the confidence to pass these through to our customers.

Is it a move to shore up its sales in an increasingly competitive market? Almost certainly. Chinese brands, such as Ora and MG, are arriving in Europe with attractively low prices and it’s likely that Tesla is moving defensively to protect its current market dominance. It was the largest EV brand in the UK in 2022 and sold more electric cars than Peugeot, Land Rover, Volvo or Skoda did of

Tesla M3 doesn't sell. Only MY often Is soldout. Game over Tesla canibalization

Tesla 감사합니다

Tesla Great news ! Who wants one 🤔 it’s way over priced. Far cheaper to buy & run & ICE car 👍 Hope the EV prices crash !

Tesla That’ll just about cover the insurance premium for the first year. 😃

Tesla They will be extremely worried about Kia I expect

Tesla 'Entry-level' - so the poverty-spec is now cheaper.

Tesla They didn't cut the cost, they cut the price.

Tesla the R&D is done. Should be much cheaper anyway.

Tesla Sill double what I paid for a new family car in 2017.

Tesla Great news re prices. The cost of EV’s must come down to make them viable for lower income families😊

Tesla Always nice you've paid the full price before this...

Tesla Been on the fence. Have a Model 3 and by far the best car I've ever owned but the prices were off-putting. Now I am definitely getting a Y. Fab cars. Still probably a little too expensive so I won't be surprised if goes down below 40k in a few years

Tesla This will do wonders for the already softening residuals.

StanphylCap Tesla “As we exit what has been a turbulent year of supply chain disruptions, we have observed a normalisation of some of the cost inflation, giving us the confidence to pass these through to our customers.” 🤡

Tesla Still hilariously overpriced

Tesla Be a bit miffed if you took delivery of one in December before the cuts

Tesla Not entirely unexpected ..

Tesla To be fair they they have cut most of the inflation they added to the price over the last year. They are still a couple of grand more than I payed in nov 21

Tesla Going to sting if you already own one. 😟

Tesla given that they cut the price elsewhere it's hardly a surprise !

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Tesla Model 3 Tops Toyota Camry Sales After Nearly 30 Years In OzWhile the Model Y is one of the best-selling cars in the world, the Model 3 is making waves in areas as well. Tesla is no longer a small, niche startup. I'm not surprised again. Was in Perth late last year. Saw a lot of model 3. Was surprised to know that they only had a few Tesla supercharger locations in WA. Imagine the demand once they increase the locations. This will increase demand much more for sure. Just a heads up: I liked and re-liked your tweet several times, but no matter what I did, it would not show in my Likes column Twitter, elonmusk
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