Price of cheapest Model 3 saloon car dropped by £5,500 to £42,990 to combat slowing demand as carmaker shares drop
Tesla has cut the prices of its cars in the US and Europe by up to a fifth as it contends with slowing demand and increased competition.
The US carmaker expanded its sales by 40% during 2022 to 1.3m, making it the world’s largest manufacturer of pure battery electric cars, ahead of China’s BYD. However, investors have started to worry that sales growth will be limited by economic slowdowns in some of its key markets.
Price of cheapest Model 3 saloon car dropped by £5,500 to £42,990 to combat slowing demand as carmaker shares drop Tesla has cut the prices of its cars in the US and Europe by up to a fifth as it contends with slowing demand and increased competition.The US carmaker expanded its sales by 40% during 2022 to 1.3m, making it the world’s largest manufacturer of pure battery electric cars, ahead of China’s BYD. However, investors have started to worry that sales growth will be limited by economic slowdowns in some of its key markets. Continue reading…
