Tesla Warns Of Model 3 Price Hike In EU Due To Tariffs, Recommends Customers To Take Delivery In June To 'Secure Current Price'
Portfolio Pulse from Anan Ashraf
Tesla Inc. (NASDAQ:TSLA) has announced that it will increase the price of its Model 3 sedan in the European Union starting July 1, 2024, due to new import tariffs on cars made in China. The company is urging customers to take delivery in June to secure the current price.
June 13, 2024 | 11:46 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tesla has announced a price increase for its Model 3 sedan in the EU starting July 1, 2024, due to new import tariffs on cars made in China. The company is urging customers to take delivery in June to secure the current price.
The announcement of a price hike due to new tariffs is likely to create a short-term surge in demand as customers rush to secure the current price. This could positively impact Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100