Key Points
Tesla cut prices on its entire U.S. electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates...
The cuts that appeared Friday on Teslas website ranged from $5,000 per vehicle for Teslas slower-selling more expensive models, the S large sedan and the X big SUV...
The company lopped $2,000 off the price of the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990...
Guidehouse Research e-Mobility Analyst Sam Abuelsamid said the company needs to sell more vehicles to keep its factories running at full capacity...
Overhead of underutilised plant eats up (profit) margin extremely quickly, he said.. Tesla has added a huge plant near Austin to its U.S. factory footprint, in addition to its original plant in Fremont, California...
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