Tesla Announces Price Hike
Late Friday, the renowned electric vehicle behemoth Tesla Inc (TSLA) dropped a proverbial bombshell, indicating a forthcoming surge in pricing for all variants of its Model Y series from the onset of April, a strategic move to spur consumers into placing their orders ahead of the quarter conclusion.
Start of Changes: Presently, the base iteration of the Model Y is valued at $43,990, with the Long Range and Performance versions commencing at $48,990 and $52,490 correspondingly.
Come April 1, the base Model Y trim, reigning supreme as the top-selling vehicle, will hit the markets with an elevated price tag of $44,990.
Eager potential owners peeking at Tesla’s website will discover that expeditious orders can secure delivery before this month lays to rest, potentially earning them 5000 miles of cost-free supercharging if their acquisition transpires before March 31.
During the preceding quarter of 2023, Tesla made a remarkable delivery achievement of 484,507 vehicles. The outcome of these incentives, coupled with the cautionary notes on imminent price escalations, on the first-quarter deliveries over the preceding quarter will only unfurl when Teslas publicizes the quarterly delivery segments next month.
Market Movement: The curtains closed on Friday showcasing Tesla shares flaunting a 0.66% upward shift, nestling at $163.57. However, on a year-to-date scale, the stock exhibits a 34.16% plunge, as confirmed by Benzinga Pro.
Discover more intriguing insights from Benzinga’s Future Of Mobility segment by accessing this link.
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