© Reuters. Tesla (TSLA) affords $1K February low cost on choose Mannequin Y’s, seeks “steady manufacturing for effectivity”
Tesla (NASDAQ:) introduced a $1,000 low cost on choose Mannequin Y variants bought in February 2024, because it pursues “steady manufacturing for effectivity.”
The corporate’s web site is now exhibiting a “Pricing Replace”, asserting “New Mannequin Y RWD and Lengthy Vary AWD costs lowered for deliveries now via February 29. Costs will enhance by $1,000 or extra on March 1.”
Tesla’s X (previously Twitter) web page additionally made a submit selling the most recent value cuts.
Commenting underneath the corporate’s announcement, TSLA’s head Elon Musk added that the present low cost seeks to deal with “the important quandary of producing: factories want steady manufacturing for effectivity, however shopper demand is seasonal.”
The brand new pricing brings the bottom Actual Wheel Drive Mannequin Y right down to $42,990, and the All Wheel Drive Mannequin Y to $47,990.
The transfer additionally alerts resumption of the ‘EV pricing struggle,’ that compelled Tesla and its largest opponents to supply quite a few value cuts throughout their mannequin lineups in 2023.
Shares of Tesla closed at $193.57 on Friday, and are down 22%+ YTD.