Tesla Increases Certain Model Y Prices In US By $1000 And Rolls Out Incentives On New Purchases In China
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has increased the prices of certain Model Y variants in the U.S. by $1000 and is offering incentives on new vehicle purchases in China. In the U.S., the Model Y rear-wheel drive and Long Range prices have been raised, while the Performance variant's price remains unchanged. This follows a temporary price cut in February aimed at boosting winter sales. In China, Tesla is offering discounts on inventory Model 3 and Y vehicles to enhance competitiveness, especially against BYD, which recently surpassed Tesla in BEV sales.
March 01, 2024 | 10:14 am
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Tesla Inc has increased prices for certain Model Y variants in the U.S. and is offering purchase incentives in China, aiming to boost sales and maintain competitiveness.
The price increase in the U.S. could potentially offset some demand but reflects a strategy to manage profitability. The incentives in China are aimed at boosting sales in a highly competitive market. The net impact on TSLA stock is uncertain, balancing between increased revenue per unit in the U.S. and efforts to maintain market share in China.
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