[AUTO] Tesla lowers the prices of its models to revive consumption

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The Model 3, the brand's most po[CENSORED]r, will cost $ 2,000 less in the United States

 

 

Lack of demand has not been a problem so far for Tesla. Rather the complete opposite. However, the electric vehicle company has decided to lower the prices of all its models in the United States and China to revive consumption amid the Covid-19 pandemic. Its most po[CENSORED]r and affordable model, the Model 3, will be worth $ 2,000 less as of now in the US. It stays at $ 37,990 for the most basic option.

The reduction will put the vehicle within range of many middle-class families at the world's top power. Its $ 373 a month for those who opt for a lease - for 36 months and 10,000 miles a year - is well below the demands of many combustion models in an equivalent category, even with gasoline prices far from their heights. usual after the collapse of demand worldwide.

The discount on the Model S Long Range Plus, the brand's executive saloon, will be even greater: $ 5,000 less until 74,990, the same cut as the SUV in its two versions, the Model X. For $ 80,000, the elegant factory SUV.

The only one that has not yet been affected by the price reduction is the Model Y, a hybrid that has already begun to be delivered and that, according to Tesla, has contributed to the company's benefits from the beginning, something unpublished. "It is the first time in our history that a new product has been profitable in its first quarter," they explained in a shareholder report a few weeks ago.

The Y is also the only one that currently has accumulated orders since it began accepting reservations in March 2019 and the first ones were not delivered until a year later. Analysts believe that Tesla, like the rest of the automotive sector, has opted for the price reduction to fuel consumption at a time of serious crisis for the world economy.

The good news for the brand founded by Elon Musk is the return to normality of its factory in Fremont, California, after a confrontation with Alameda County authorities. Musk was demanding that he be allowed to open earlier after the green light by state governor Gavin Newsom, so that each county assumed its own de-escalation rate. He even threatened to leave California.