Tesla Cuts Prices On Select Variants Of Model 3 In Canada
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has reduced prices on select variants of its Model 3 in Canada by C$1000. The price cuts apply to the rear-wheel drive and Long-Range versions, while the Performance variant remains unchanged. The Model 3, along with the Model Y, constitutes a significant portion of Tesla's sales.
June 18, 2024 | 4:04 am
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Tesla has reduced prices on select Model 3 variants in Canada by C$1000. This move could boost sales in the region, potentially increasing revenue and market share.
The price reduction on the Model 3's RWD and Long-Range variants could make these models more attractive to Canadian consumers, potentially boosting sales. Given that the Model 3 and Model Y account for a significant portion of Tesla's sales, this move could positively impact Tesla's revenue and market share in the short term.
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