According to Tesla’s website, prices for the Model S sedan were cut by $5,000, with the basic version now costing $89,990, down from $94,990 previously, and the high-performance Plaid version starting at $109,990, down from $114,990. Prices for the Model X SUV were slashed by $10,000, with the basic version now costing $99,990, down from $109,990, and the Plaid version at $109,990, down from $119,990.
In January, Tesla, cut prices on its Model 3 and Model Y vehicles. While that raised some concerns on Wall Street of sagging demand and lower margins, Piper Sandler analysts said the move could succeed in boosting sales and increasing its market share. Last week, Tesla held its annual investor day and executives said the electric-vehicle maker was determined to cut manufacturing costs and prices for consumers. “The desire for people to own a Tesla is extremely high. The limiting factor is their ability to pay for a Tesla,” Chief Executive Elon Musk said, according to a FactSet transcript.
Tesla shares TSLA, +3.61% have surged 60% year to date, but are still down about 30% over the past 12 months, compared to the S&P 500’s SPX, +1.61% 5% gain in 2023 and 6.5% decline over the past year.
And it starts, race to bottom again in the car industry 😎
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Tesla cuts prices of Model S and Model X variants in US- websiteTesla Inc has cut prices of its Model S and Model X vehicles in the U.S., its website showed, days after its chief executive Elon Musk said that the recent price cuts of its other models had stoked demand. Still wont buy. 🙄
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Tesla recalls 3,470 Model Y vehicles over loose boltsTesla Inc said it is recalling 3,470 2022 through 2023 Model Y vehicles in the United States because bolts securing the second-row seatback frames may not have been securely tightened, according to a filing made public Saturday. I’m shocked Elon doesn’t have the algorithm shadow banning any negative Tesla news stories. I knew Elon had a screw loose.
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Tesla recalls almost 3,500 Model Y cars for loose boltsTesla is recalling 3,470 2022-2023 Model Y cars due to bolts in the second-row seat back frames not being secured properly. Juliet_notRomeo I’ve heard there’s a few loose screws with the company - if you catch my drift. Juliet_notRomeo Musk has some loose bolts!
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Tesla recalls almost 3,500 Model Y cars for loose bolts | CNN BusinessThe loose bolts could cause the seat belts to not work properly in a crash, “which may increase the risk of an injury for occupants seated in affected second-row seating positions,” the National Highway Traffic Administration said. elonmusk said the robots responsible for the loose bolts claimed their AI made them do it. My VW Polo had a recall for something very similar on the middle, rear seatbelt. I was advised not to use the middle seat for 4 Months until they had the part in. Didn't make the news funnily enough... Musk will want to tighten the bolts online.
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Almost 3,500 Tesla Model Y cars recalled for loose boltsOwners can tell if their car is affected by seeing if their second-row seat back frame folds improperly or if it's loose and rattles when driving.
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Almost 3,500 Tesla Model Y cars recalled for loose boltsOwners can tell if their car is affected by seeing if their second-row seat back frame folds improperly or if it's loose and rattles when driving. Insert screw loose joke here
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