Skip to content
Menu
AN AN

Automotive News

  • Automotive News
  • Used Cars
  • Automotive Deals
  • Automotive repair
  • Automotive Accessories
AN AN

Automotive News

Tesla cuts prices in Germany, France to boost demand

By on April 19, 2023

BERLIN — Tesla’s latest price reductions in Europe were made possible because of a scaling up and improvement in its production capacity, the company said.

Tesla cut prices in European markets including Germany and France on Friday, with all versions of the Model 3, Model S, and Model X selling for lower prices as well as the Model Y Performance.

“Our mission is to accelerate the transition to renewable energy. Our master plan has set a clear pathway to achieve that mission: the transformation of cost-intensive small-series products to cheaper mass-series vehicles,” Tesla said in a statement.

In Germany, Tesla has lowered the price of its Model 3 and Model Y vehicles by between 4.5 percent and 9.8 percent, data on its website showed on Friday, marking its second price reduction this year after price cuts of up to 17 percent in January.

In France, customers buying the Model 3 for 44,990 euros ($47,860.36) will now get a further price reduction through a government subsidy of 5,000 euros. The upper limit for the EV scheme is 47,000 euros.

On April 2, Tesla posted a record quarterly deliveries of 422,875 vehicles January to March after cutting prices of its cars globally, but quarter-on-quarter sales growth was modest because of rising competition and a bleach economic outlook.

CEO Elon Musk said Tesla would focus on bringing prices down to drive demand and that it had seen success in sparking orders with January’s discounts.

In the US, Tesla has cut the price of its base Model 3 by a cumulative 11 percent since the start of the year, with a 20 percent reduction on its base Model Y.

Category: Automotive News
Tags: auto current events, china automotive news

Post navigation

CARS Executive Outlook 2023: JF Champagne
Used-car dealer US Auto Sales temporarily closes

Related Posts

What if You Should Repair or Replace Your Windshield?

July 9, 2023
Read More

These Automakers Can’t Quite Hold Onto Their First-Time Buyers

March 17, 2023
Read More

5 Tips for Safe Driving as the Days Get Shorter

August 7, 2024
Read More

Recent Posts

  • Unique Shopping Experiences for Travelers
  • How to Personalize Your Home with Unique Decor
  • Exploring the Connection Between Emotions and Physical Health
  • Cultural Appropriation in the Art World
  • Understanding the Psychology Behind Discounts

Tags

automotive automotive news canada automotive news china automotive news data center automotive news europe automotive news ford automotive news jobs automotive news logo automotive news magazine automotive news subscription automotive news subscription discount automotive news uk auto news now best new car incentives breaking auto news business buying car industry news car news websites china automotive news current automotive news education estate fashion headlines health house information jewellery jewelry latest latest automotive news latest news on automobile industry latest news on automotive industry newest news in the automotive industry online pictures south gate used car dealers sport technology top automotive news travel updates us automotive industry news

About Us

  • Contact Us
  • Disclosure Policy
  • Sitemap
Seedbacklink

Patner links

©2025 AN | WordPress Theme by Superb WordPress Themes

WhatsApp us