Tesla Inc (TSLA)

[Scumbag Fraudsters]

LOL what were you saying about margins?

Perhaps you meant margarine? 🤣

Engadget -- Oct. 6, 2023

Tesla cuts prices on Model 3 and Y after dwindling deliveries

The automaker already slashed prices on the Model S and X in September.

Tesla is cutting prices on some Model 3 and Model Y vehicles in the US, as spotted by CNBC. The automaker’s move, its second price drop in just over a month, comes after it fell short of market estimates for deliveries.

Tesla’s website now lists the Model 3 starting at $38,990, down from its previous $40,240. Meanwhile, the Model 3 Long Range is now $45,990 (down from $47,240), and the Model 3 Performance has a new price of $50,990 (from $53,240). In addition, the Model Y Performance SUV has fallen from $54,490 to $52,490.

These are minor cuts compared to the nearly 20 percent price drops it issued in September on Model S and Model X EVs. They also pale in comparison to the March price cuts that dropped Model X costs by up to $10,000. Tesla began toying with pricing in late 2022 when it lowered costs to face a consumer spending slowdown and increased EV competition. The automaker attributed its third-quarter slump to factory upgrades, leading to manufacturing downtime. Since January, Tesla has cut the cost of the Model 3 by about 17 percent and the Model Y by 26 percent.