I do not care how much elon musk cuts off price of a tesla ...... i will not buy one ....for free yes...... of course ....but i would not waste my dosh on a tesla ........i simply do not get them ......they are ugly as sin ....people buy them to think they are cool ........and tree huggers ....and stylish .........and save the planet ...... wt........NEWSFLASH!!!!!!.......planet is fucked and i guess when you were driving hands free .....you never thought of the children mining lithium .......dying from poising ....nope when you pick up your kids ...nope ....anyways ......ask me do i give a fuck .....you know the answer .....don't ya .........
Elon is fucking crazy ....... he selling shite cars .....flying penis shaped ..... vehicles to the moon and going to put a chip in your fucking head ......i am not sure is he is plain fucking crazy or really really smart or both ....or an alien?.......
Tesla cuts prices , China and Germany as competition heats up
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Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.
The latest round of price cuts adds to a series of price cuts that Tesla has made dating back to early last year to try to maintain demand in the face of increased competition from EV offerings by traditional automakers and higher interest rates driving up the cost of car purchases for many buyers. Tesla’s price cuts have squeezed its profit margins and caused its stock to fall about 4% in trading Monday, ahead of its first quarter earnings report due out after the bell Tuesday.
On Sunday, the EV giant slashed the starting prices of four models sold in mainland China, its largest overseas market, by 14,000 yuan ($1,932). The Model Y, the company’s bestselling car in the country, now starts at its lowest -ever price of 249,900 yuan ($34,502).
In Germany, Tesla’s biggest market in Europe, the price of its Model 3 rear-wheel drive was also lowered by 2,000 euros ($2,132) to 40,990 euros ($43,707), according to its official website.
The first cuts were announced on Friday in the US, when Tesla reduced the prices of three of its five models. The prices of the Model Y, Model X and Model S were cut by $2,000 each, while those for the Model 3 and the Cybertruck remained unchanged.
The flurry of cuts comes during a tough time for Tesla. Its stock has plunged more than 40% year-to-date, after it reported a drop in quarterly deliveries for the first time in nearly four years and announced job cuts equivalent to more than 10% of its global staff.
On Saturday, Tesla CEO Elon Musk said he had postponed his planned trip to India, citing “very heavy” obligations at the company. He was due to arrive in the country this week for a visit that was expected to include a meeting with Prime Minister Narendra Modi and confirmation that Tesla will build a factory in the world’s most populous country.
China gets tougher
In China, the largest EV market in the world, Tesla’s price cuts are expected to exacerbate an existing price war in a highly competitive sector.
On Monday, Chinese EV maker Li Auto (LI), led by billionaire entrepreneur Li Xiang, responded by announcing it was cutting the prices of all four of its models with immediate effect. Its Li Mega, which it says is the world’s largest passenger EV, now sells for 30,000 yuan ($4,142) cheaper.
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