Elon Musk and Tesla will raise prices for all Model Y models in the United States by $1,000 starting April 1, according to the news agency. Reuters.
On March 1, the company raised prices for the rear-wheel-drive Model Y and Long Range model by $1,000 to $43,990 and $48,990, respectively. Tesla did not explicitly clarify whether the increase in April would be in addition to the increase in March for rear-wheel drive and long-range models.
Tesla temporarily reduced the prices of some of its Model Y vehicles in the United States in February.
In February, the company reduced prices for the Model Y and Model Y Long Range by $1,000.
“This is the fundamental challenge of manufacturing: Factories need continuous production to achieve efficiency, but demand is seasonal,” CEO Elon Musk wrote in February at the X Conference.
Withdraw aid from Biden
Tesla has had a rocky start to the year and the stock price is down more than 30 percent so far this year. From $248 at the beginning of the year to $163 on Friday.
However, it may appear that Elon Musk is receiving help from President Joe Biden. according to Bloomberg The Biden administration is preparing to introduce the strictest regulations ever on fleet emissions in an effort to boost electric vehicle sales.
The measure, which sets limits on, among other things, soot and carbon dioxide emissions, is seen as one of the most important climate regulations introduced by President Joe Biden, the news channel reported.
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