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Tesla cuts prices in several countries

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Weaker sales lead to price cuts for Tesla in several countries. Frequent price adjustments are necessary to adapt production to demand, says CEO Elon Musk. Illustration photo: David Zalubowski / AP / NTB

Of NTB | 22.04.2024 03:40:24

Economy and business: Recently, the electric car company also lowered prices in the USA as a result of failing sales and a price war with other manufacturers. CEO Elon Musk announced this month that sales fell in the first quarter, for the first time in almost four years.

– Prices must change often, so that production matches demand, Musk wrote on Sunday X/Twitterwhich he also owns.

Tesla’s Model 3 will now be 2,000 euros cheaper in Germany, where the price will be 40,990 euros, corresponding to just over NOK 480,000. In China, the price is cut by 14,000 yuan to 231,900 yuan – just over NOK 352,000.

Prices are also being cut in other countries in Europe, the Middle East and Africa, says a Tesla spokesperson.

In the USA, the prices of the models X, Y and S were reduced by 2,000 dollars on Friday, a cut equivalent to 22,000 kroner.

(© NTB)

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