Tesla increases Model Y, cuts Model 3 prices in the U.S.

Tesla has increased prices on its Model Y all-electric crossover and cut prices on the Model 3 sedan. Tesla’s Model Y Long Range increased $1,500 from $53,490 to $54,990 last night, while Model Y Performance trims went up $1,000 from $56,990 to $57,990. Model 3 Rear-Wheel-Drive vehicles also felt a slight cut by just $500, […]

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Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Tesla stock (NASDAQ: TSLA) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The stock has risen over 77 percent so far this year after a broad market downturn that widely hurt the tech and automotive sectors in 2022. Tesla stock is up around 1 […]

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Tesla Model Y’s complete lineup now qualifies for EV tax credits through Inflation Reduction Act

Tesla’s complete lineup of Model Y trim levels now qualifies for electric vehicle tax credits through the Inflation Reduction Act, as the Internal Revenue Service (IRS) has increased the applicable MSRP limit to $80,000 across each of the all-electric crossover’s configurations. In December, the IRS released a list of vehicles that would qualify for the […]

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Tesla Model Y Long Range delivery estimate moved to March-May 2023

During the Q4 and FY 2022 earnings call, Elon Musk noted that Tesla is seeing so much demand for its vehicles in January that the company has started slightly raising the prices of some of its vehicles. Tesla’s delivery estimate for the Model Y Long Range suggests that Musk’s statement was accurate.  A look at […]

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EV price war! Ford responds to Tesla price cuts, boosts production of Mustang Mach-E


The greatest barrier to EV adoption is the steep price premium relative to legacy vehicles—and for the past couple of years, prices have been moving in the wrong direction, thanks to supply-chain constraints and general post-COVID inflation. When Tesla recently announced price cuts of up to 20 percent, the boo-birds crowed about softening demand, but… Read more »

Tesla price cuts in China drop competitor sales by as much as 60%

Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as […]

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Tesla Model 3, Model Y officially qualify for maximum subsidy in Germany

The Tesla Model 3 and Model Y officially qualify for the maximum subsidy across each trim level, qualifying the vehicles for up to €6,750 in discounts. Tesla vehicles had previously qualified for a reduced subsidy, but then its price increases essentially disqualified the vehicles from receiving any of the discounts, to begin with. However, Tesla […]

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Tesla interest skyrocketed on Edmunds’ site following price cuts

Tesla interest skyrocketed on Edmunds following the automaker’s decision to cut prices. In early January, Tesla cut prices across its vehicle lineup by as much as $13,000 in a move that has evidently skyrocketed consumer interest. With electric vehicles scaling back costs by over 5 percent last month on average, Tesla’s move to cut its […]

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Tesla garners new addressable market through price cuts, incentives

Tesla’s mass-market Model 3 and Model Y are the company’s two most affordable vehicles. With new price cuts the automaker has introduced, along with several of the models’ trims qualifying for new incentives through the qualification of the Inflation Reduction Act, both the Model 3 and Model Y are reaching new addressable markets. Over the […]

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Tesla Model 3 and Model Y will likely not get their stalks deleted

Teslas are not like other vehicles on the road. They’re all-electric, they’re very minimalist, and they have tech and features that one would likely expect from a smartphone, not a car. Yet Teslas like the Model 3 and Model Y have breached the mainstream auto market, with the latter likely on track to become the […]

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