Tesla Cuts China, US Prices After Sales Slow, Inventories Rise
Written by Black Hot Fire Network on April 21, 2024
(Bloomberg) -- Tesla Inc. has cut prices in China and the US, its two key markets, after disappointing first-quarter sales contributed to swelling inventory.
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In China, Tesla lowered prices across its range, with the revamped Model 3 falling to 231,900 yuan ($32,000) from 245,900 previously. The Model Y was discounted to 249,900 yuan — or about $34,500 — from 263,900 yuan.
In the US, the cheapest version of the Model Y is now $42,990, returning the sport utility vehicle’s starting price to the . . .
