Tesla Offers As Much As $9,600 Off On Inventory Model S, X Vehicles In China
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has announced a nearly 7% discount on its inventory of Model S and X vehicles in China. This comes a day after Tesla introduced a 'standard range' version of Model S and Model X priced $10,000 less than the Long Range version. The lower-priced versions come with a lower driving range.
August 16, 2023 | 6:24 am
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Tesla's decision to offer a discount on its Model S and X vehicles in China could potentially boost sales in the short term. However, the introduction of lower-priced versions with a lower driving range may impact the company's profit margins.
The discount on Tesla's Model S and X vehicles in China is likely to attract more customers, potentially leading to an increase in sales. This could have a positive impact on the company's stock price in the short term. However, the introduction of lower-priced versions with a lower driving range may lead to a decrease in the company's profit margins, which could negatively impact the stock price in the long term.
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