Tesla, an American carmaker that specializes in electric vehicles, has slashed prices for its products in the US and Europe, fearing lower sales due to increased competition and fears of an economic downturn and high interest. rates, which can lead to a blow to its sales.
The move came from Tesla after it recorded an “already cloudless season” at the end of 2022 as demand for the company’s electric vehicles dwindled, stoking fears that the year will be difficult in anticipation of the company’s sales.
A report published by US network CNBC and viewed by Al Arabiya Net says the electric vehicle company Tesla cut prices in the US and across Europe, according to what appeared on its websites, but the company refused to officially comment on this information.
The report says the move could help Tesla in the United States qualify for additional federal electric vehicle tax credits, which could boost sales inside and outside the United States after increased competition and interest rates.
In Europe, Tesla has cut prices for its Model 3 and Model Y vehicles in Austria, France, Germany, the Netherlands, Norway, Switzerland and the UK.
In Germany, Tesla has cut prices ranging from 1% to around 17%, despite being the top-selling electric car in Germany in December 2022, according to CNBC, as the company overtook the Volkswagen Wagen and his famous electric car (ID 4) in Germany.
According to independent electric vehicle industry researcher Troy Teslake, the price of the new Tesla Model 3 in the US has decreased by 6-14% depending on the specifications, and the cost of Model Y has decreased by about 17%. %.
In the fourth quarter of 2022, Tesla reported delivering 405,278 vehicles and producing 439,701 vehicles. The company told shareholders it expects a 50 percent annual increase in vehicle deliveries over several years, but fell short of that annual target and analysts’ expectations in the fourth quarter.
Tesla currently operates the United States’ first vehicle assembly plant in Fremont, California, the newest plant in Austin, Texas, and the first overseas plant in Shanghai, as well as a plant in Germany.
