Elon Musk and Tesla will raise the prices of all Model Y models in the United States by $1,000 starting April 1, according to the news agency Reuters.
On March 1, the company increased the prices of the rear-wheel drive Model Y and the Long Range model by $1,000 to $43,990 and $48,990, respectively. Tesla did not explicitly make it clear whether the increase in April would be in addition to the increase in March for the rear-wheel drive and Long Range models.
Tesla had temporarily cut the prices of some of its Model Y cars in the US in February.
In February, the company cut the prices of the Model Y and Model Y Long Range by $1,000.
“This is the essential challenge of manufacturing: factories need continuous output for efficiency, but demand is seasonal,” CEO Elon Musk wrote in February at X.
Drag help from Biden
Tesla has had a tough start to the year and the stock is down over 30 percent so far this year. From 248 dollars at the turn of the year to 163 dollars on Friday.
However, Elon Musk may seem to be getting help from President Joe Biden. according to Bloomberg the Biden administration is preparing to introduce the strictest regulations ever on fleet emissions in an effort to boost sales of electric vehicles.
The measure, which sets limits for, among other things, soot and CO2 emissions, is seen as one of the most significant climate regulations introduced by President Joe Biden, writes the news channel.
2024-03-16 15:08:30
#Turns #price #traction #Biden
