Tesla’s flagship Model S is one of the vehicles that are now thousands of dollars cheaper in a bid to encourage sales, after the pandemic cut demand for new cars.
Tesla has dropped the price of its cars in North America and China by up to 6% in a bid to boost sales, following a drop in demand for new cars in the midst of coronavirus lockdowns.Tesla’s flagship Model S sedan has had thousands knocked off, now starting from $74,990, down from $79,990.
Some $2,000 has been taken off its cheapest Model 3 Sedan, with a new starting price of $37,990, while its Model X SUV starts at $79,990, around $5,000 cheaper than before.last month compared with April 2019, according to automotive industry analysts J.D. Power. The pandemic and California's lockdown measures meant that Tesla's Fremont factory was shut down for nearly two months but reopened following a spat between Tesla CEO Elon Musk and county officials.
The electric carmaker is also adjusting prices in China to around 4% lower for its imported Model S and Model X vehicles, the company announced on its WeiboU.S. car makers are looking for ways to kickstart sales after reopening factories earlier this month. Fiat and General Motorshave offered 0% finance while Ford's"Built to lend a hand" plans offers to defer payments for up to 3 months in a bid to lure drivers back through the door of dealerships.
The reopening of America's largest manufacturing industry, which employs more than 600,000 people, should provide a boost to the economy but resuming production has not been a smooth ride. Manufacturers have faced challenges with supply chains, adapting factory floors for social distancing, and working with local health officials.’s Fremont plant, following a spat between billionaire CEO Elon Musk and Alameda County over reopening during lockdown.
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