Too bad the Milwaukee Road gave up their Western electrified miles out west.
In 1905, the board approved the Pacific Extension, now estimated at $60 million ($1.58 billion in 2023 dollars).
Posted on 04/21/2024 9:56:31 PM PDT by SeekAndFind
BEIJING/FRANKFURT (Reuters) -Tesla has cut prices in a number of its major markets, including China and Germany, following price cuts in the United States, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs), especially against Chinese EVs.
The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years.
"Tesla prices must change frequently in order to match production with demand," Musk posted on X on Sunday.
Tesla, the EV market leader, ignited an EV price war over a year ago by aggressively cutting prices at the expense of profit margins.
Tesla cut the starting price of the revamped Model 3 in China by 14,000 yuan ($1,930) to 231,900 yuan ($32,000), its official website showed on Sunday.
In Germany, the price of the Model 3 rear-wheel-drive was trimmed to 40,990 euros ($43,670.75) from 42,990 euros, where the price had been since February.
There were also price cuts in many other countries in Europe, the Middle East and Africa, a Tesla spokesperson said.
U.S. prices of the Model Y, Model X and Model S vehicles were cut by $2,000 on Friday. On Saturday Tesla slashed the price of its Full Self-Driving driver assistant software to $8,000 from $12,000 in the United States.
Tesla has been slow to refresh its ageing models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world's largest auto market, are rolling out cheaper models.
This weekend, Musk postponed a planned trip to India, where he was to have met Prime Minister Narendra Modi, citing obligations at Tesla.
(Excerpt) Read more at finance.yahoo.com ...
It’s over.
Cuts are temporary.
RE: Cuts are temporary
Are you saying that the price of Tesla Cars will rise again? If so, when do you anticipate this to happen?
It’s like BiXiden inflation?
TESLA keeps changing prices, per model, per sales zone. Feeling their way.
Where TESLA can raise prices, they will.
Example of ups and downs - 04/02/2024 article:
https://www.slashgear.com/1553388/could-tesla-survive-2024-price-cut-q1-supply-report/
Reuters story of 03/15/2024 - “Tesla had temporarily cut prices of some of its Model Y cars in the U.S.”
Overall EV sales growth has slowed, but still grows. IMHO TESLA (up to a couple weeks ago) underestimated the competition: specifically Ford Motor Co.
MarketWatch:
https://www.marketwatch.com/guides/insurance-services/electric-vehicle-statistics-2024/
Forbes - 03/24/2024
EV Sales Slow As Buyers Want 20-Minute Charging And 350-Mile Range
https://www.forbes.com/sites/peterlyon/2024/03/24/why-arent-evs-selling-as-experts-predicted/?sh=5e624fdc2d23
- - -
IMHO
EV charging logistics will be a mess. Theft of copper, being only one example of many failures-to-be. When your EV boggs down on I-80 in Pennsylvania with 1 - 2 ft of snow around you, at 2:00 AM in the morning . . . Or, when it is rush hour in wintertime, and you are stuck behind 40 vehicles before the next exit that is backed up all the way to the available charging stations.
EV Trucks - transporting between established charging/maintenance stations, will probably succeed as “sort of a new version of railroads, in effect.”
The Federal Reserve is a Big Real Estate Investment Tangle:
Functioning to ensure a 2% rate of real estate price increases.
Not very good at the rudder it (economists) like to imagine.
IMHO
Too bad the Milwaukee Road gave up their Western electrified miles out west.
In 1905, the board approved the Pacific Extension, now estimated at $60 million ($1.58 billion in 2023 dollars).
The FED target for Inflation should be 0.01%
Seer the investment numbers in post #10
See the investment numbers in post #10
bttt
2% is TOTAL kr@p.
I'm in 100% agreement with you, and I'm an EV owner. Not only should they be a free market decision, but anybody thinking about getting an EV should first look at his driving habits and conditions to make sure it's a good fit. And even then, don't get one unless you have a gas car too (i.e. married and need 2 cars anyway).
bttt
Governments will still try to FORCE everyone to buy an EV ,LOL
04/22/2024 Monday morning news, has TESLA under pressure to lower prices; and stock price also under pressure.
Reuters story from 04/19/2024
TESLA having trouble meeting deal with PepsiCo, wherein TESLA was supposed to provide 100 heavy electric-trucks, but TESLA has only been able to supply 36.
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