Last Update: May 20, 2023, 02:39 AM IST
The Model Y is the electric vehicle (EV) maker’s best-selling model globally (Photo: Tesla)
Tesla, which has aggressively cut vehicle prices in several regions this year, is resorting to the traditional automaker strategy of offering incentives.
Tesla is offering discounts of more than $1,300 on some Model 3 cars in its US inventory, according to a Reuters review of its website, following steep discounts in Europe as well, at a time when the electric carmaker makes up most of new orders. US prices on imported cars have been raised. this month.
Industry analysts say Tesla, which has aggressively cut vehicle prices in several regions this year, is resorting to traditional automakers’ strategy of offering incentives one at a time to clear inventory.
Tesla CEO Elon Musk told shareholders on Tuesday that the company will try advertising for the first time, a move analysts see as slowing demand.
Musk also warned that Tesla is not immune to the global economy, which he said would be a difficult next 12 months.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – reuters,
