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Wednesday 27 May 2020 , 8:00 am

Tesla to Cut Car Prices in North America, China

The price cut comes as states after lockdowns during which demand for cars waned.
By SIN Bureau
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Tesla Inc. said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.

The price cut comes as states after lockdowns during which demand for cars waned.

It was not immediately clear by how much Tesla was cutting its prices or when the cuts would take effect.

The company’s Model S sedans will now be priced from $79,990, and its Model X sport utility vehicles from $84,990, according to its website. The cheapest Model 3 sedan will be priced at $37,990, the website said.

Tesla said it will also cut prices in China, the company’s usual practice after price adjustments in the United States.

Tesla China said in a Weibo post it will cut prices for the Model S and Model X cars it imports, but keep prices of locally-made Model 3 cars unchanged.

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Neha Mule

Neha writes articles on sectors including medicine, food, materials, and science & technology. A qualified statistician, she has the ability to observe and analyze the trends in global markets and write compelling articles that help CXOs in decision making. She is a bookworm and loves to read fiction, lifestyle, science and technology. Neha comes with 6 years of experience in content writing and editing that involves blog writing, preparation of study materials and OERs.

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