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Tesla cuts prices of Model Y, Model X, Model S vehicles in US

Economic Times

Economic Times · 1y ago

Tesla cuts prices of Model Y, Model X, Model S vehicles in US

Tesla has reduced the prices of its Model Y, Model X, and Model S vehicles by $2,000 in the U.S. The base variant of the Model Y is now priced at $42,990, with the long-range and performance variants costing $47,990 and $51,490 respectively. The starting price for the Model S is now $72,990, while its plaid version costs $87,990. As for the Model X, its base variant now costs $77,990, with the plaid variant priced at $92,900.

Related News

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD

Livemint

Livemint · 1y ago

Tesla knocks $2,000 off prices for 3 EVs after shares crash 39% YTD

Tesla has reduced the prices of three of its models in the US. The price cuts include the popular Model Y, as well as the Models X and S. The move comes after Tesla's stock price dropped and the company announced job cuts and a vehicle recall. Tesla hopes that the price reductions will entice more car buyers as it faces increased competition and falling sales. There is still anticipation for Tesla to introduce a smaller electric vehicle at a lower price point in the future.

Tesla to recall several cars due to air bag deployment issues

Livemint

Livemint · 1y ago

Tesla to recall several cars due to air bag deployment issues

Tesla will recall 159 Model S and Model X cars due to potential issues with the driver airbag deploying incorrectly, which could pose a risk of injury during a crash. In a separate update, Tesla has raised prices on its Model 3 and Model Y long-range vehicles in China. Union Commerce Minister Piyush Goyal is also scheduled to meet with Elon Musk to discuss Tesla's plan to enter the Indian market and establish a manufacturing facility.

Tesla Recalling Almost Every Car It's Sold In The US

Gizmodo

Gizmodo · 1y ago

Tesla Recalling Almost Every Car It's Sold In The US

Tesla has issued a recall for almost every car it sold in the U.S. due to illegible warning lights. The font on certain warning lights is too small, making critical safety information difficult to read and increasing the risk of a crash. The recall affects over 2 million vehicles, including various models like the Model S, Model X, Model 3, Model Y, and Cybertruck. Tesla will address the issue with a software update, which has already started rolling out to impacted vehicles. This is the first recall for the Tesla Cybertruck, and owners can check if their vehicle is affected through NHTSA's website or app.

Tesla slashes Model Y inventory prices by as much as $7,000

TechCrunch · 1y ago

Tesla slashes Model Y inventory prices by as much as $7,000

Tesla is reducing the prices of its unsold Model Y SUVs in the U.S. by several thousand dollars in an effort to clear out a large backlog of inventory. Discounts of up to $5,000 are being offered on long-range and performance models, while rear-wheel drive versions are seeing cuts of over $7,000. This comes as Tesla continues to produce more vehicles than it sells, resulting in an excess of inventory. The company built 433,371 vehicles in Q1 2023 but only shipped 386,810. Tesla has been implementing various strategies, including price reductions and promotions, to drive sales amid slower growth projections for 2024.

Tesla is recalling more than 1.6 million cars in China for a remote software fix

Economic Times

Economic Times · 11m ago

Tesla is recalling more than 1.6 million cars in China for a remote software fix

Tesla is recalling 1.68 million cars in China to address a potential issue with the trunk not being properly locked. The recall affects various models including the imported Model S and Model X, as well as domestically made Model 3 and Model Y vehicles manufactured between October 2020 and July 2024. The company will provide a remote software upgrade to address the problem. The recall comes amidst increasing competition from Chinese EV makers and a decline in Tesla's second-quarter net income.

Tesla to raise prices on Model Y electric vehicles in parts of Europe

Reuters · 1y ago

Tesla to raise prices on Model Y electric vehicles in parts of Europe

Tesla has announced that it will increase the prices of its Model Y electric vehicles in several European countries by approximately 2,000 euros starting from March 22. This follows the company's recent decision to raise prices for all Model Y cars in the US by $1,000 beginning April 1. Tesla's CEO, Elon Musk, commented on the challenges of manufacturing and the need for continuous production to maintain efficiency while consumer demand remains seasonal. The company has been affected by a price war with competitors and expects lower sales growth this year as it focuses on the production of its next-generation EV.

Tesla to recall nearly 55,000 Model X vehicles, auto regulator says

Economic Times

Economic Times · 1y ago

Tesla to recall nearly 55,000 Model X vehicles, auto regulator says

The U.S. auto regulator has announced that Tesla will recall 54,676 Model X vehicles due to a potential issue with the vehicle controller failing to detect low brake fluid and not displaying a warning light. Tesla has released a free over-the-air (OTA) software update to address the problem. The company is not aware of any incidents or injuries related to this issue. In August, the National Highway and Traffic Safety Administration (NHTSA) opened an investigation into steering control and power steering problems in 280,000 Tesla Model 3 and Model Y vehicles.

Tesla recalls 120,000 cars over faulty doors that could open during a crash, just a week after its largest-ever recall

Business Insider

Business Insider · 1y ago

Tesla recalls 120,000 cars over faulty doors that could open during a crash, just a week after its largest-ever recall

Tesla is recalling over 120,000 cars in the US due to a potential issue where doors could open during a crash. The recall affects certain Model S and Model X vehicles from 2021-2023. Tesla engineers discovered that the doors could unlatch after impact on the non-struck side. The company has issued a software update to rectify the problem and is offering it to affected vehicle owners for free. This recall comes shortly after Tesla's largest-ever recall involving around 2 million vehicles due to issues with the Autopilot feature.

Tesla recalling nearly 200,000 vehicles due to software glitch

Economic Times

Economic Times · 1y ago

Tesla recalling nearly 200,000 vehicles due to software glitch

Tesla is recalling almost 200,000 vehicles due to a software glitch that could impact the safety of the vehicles. The recall affects various models, including the Model S and Model X, and is being done to fix a problem related to the touchscreen display and backup cameras. Tesla is urging affected customers to schedule a service appointment to address the issue, and the recall will be done free of charge.

Tesla introduces lower-priced models with reduced range

Startup News FYI

Startup News FYI · 1y ago

Tesla introduces lower-priced models with reduced range

Tesla has reintroduced the "standard range" trim for Model S and Model X, offering a more affordable option tailored to reduced range preferences. The move results in a $10,000 price reduction and a range decrease of about 80 miles. The Model S now starts at $78,490 with a 320-mile range, and the Model X starts at $88,490 with a 269-mile range. This aligns with Tesla's strategy of adjusting prices to cater to a wider customer base while potentially offering post-purchase range unlocking options.

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