The American car company “Tesla”, which specializes in the manufacture of electric vehicles, has reduced the prices of its products in the United States and Europe, fearing a decline in sales due to the expansion of competition and fears of economic recession and high interest rates, which might lead to a blow to its sales.
The move came from “Tesla” following it recorded an “already lackluster season” at the end of the year 2022, as demand for electric vehicles manufactured by the company declined, which fueled fears that it would be a difficult year. Company sales awaiting.
A report published by the American network “CNBC”, and viewed by “Al Arabiya Net”, said that the company “Tesla” for the manufacture of electric cars has reduced prices in the United States and throughout Europe, according to what appeared on its websites, but the company refused to comment officially on the matter. This information.
The report says that this step may help Tesla in the United States qualify for more federal tax breaks for electric vehicles, which might increase its sales volume inside and outside the United States following increased competition and interest rates.
In Europe, Tesla reduced the prices of its Model 3 and Model Y cars in Austria, France, Germany, the Netherlands, Norway, Switzerland and Britain.
According to the “CNBC” network, in Germany, “Tesla” reduced prices by a rate ranging from 1% to regarding 17%, despite the fact that (Tesla 3) was the best-selling electric car in Germany in December 2022, as the company overtook Volkswagen. Wagen and its famous electric car (ID 4) in Germany.
According to independent researcher in the electric car industry, Troy Teslake, the price of the new Tesla Model 3 in the United States has decreased between 6% and 14%, depending on specifications, and the cost of the Model Y has decreased by regarding 17%.
In the fourth quarter of 2022, Tesla reported 405,278 vehicles delivered and 439,701 vehicles produced. The company told shareholders to expect 50% growth in annual vehicle delivery growth over a multi-year horizon, but fell short of that annual target and analysts’ expectations in the fourth quarter.
Tesla now operates the first car assembly plant in the United States in Fremont, California, its newest plant in Austin, Texas, and its first overseas factory in Shanghai, as well as a factory in Germany.
