Tesla Inc TSLA

Consumer Cyclical Auto Manufacturers

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty after-sales vehicle services, body shop and parts, paid supercharging, vehicle insurance and retail merchandise. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its lithium-ion battery energy storage products include Powerwall and Megapack.

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Tesla Inc > Prices to be Slashed on Vehicles

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Post by Bertandersonon Jan 06, 2023 9:55am

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Prices to be Slashed on Vehicles

Tesla (TSLA) stock fell early Friday after the company cut the price on two of its models in China, the automaker’s second cut in three months as it battles waning demand in the country.

Tesla cut prices on its China Model 3 by 13.5%, which now starts at $33,515, and its Model Y by 10%, which now starts at $37,899, according to calculations from Reuters.

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