Tesla Vehicles Now Priced To Compete With Traditional ICE Vehicles

📆 10/10/2023 5:04 PM
📰 OilandEnergy

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Tesla's most recent round of price cuts, putting their vehicle prices close to those of conventional ICE vehicles, is catching the eyes of not only customers, but company investors

Since the beginning of the year we have been closely monitoring Tesla's strategy of using price cuts to stoke demand. Through most of 2023, the strategy has worked, but . 'At $38,990, the base Model 3 sedan now costs $8,700 less than the average amount paid for a car or truck in the US,' Bloomberg pointed out this week.

Tesla uber-bull and genial human haircut Ross Gerber also commented to Bloomberg “Sadly Tesla continues to have to cut prices to sell cars. Piss off core demo and kill margins to unload inventory. The master plan” Recall, the latest round of price cuts came just days after Tesla missed its modest Q3 delivery estimates. In Q3, the company delivered 435,059 vehicles and produced 430,488 vehicles, missing consensus delivery estimates of 456,722.

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