For investors, Tesla’s price cuts are kinda like parallel parking in New York City — tough to watch, impressive when nailed.
Whether the automaker has nailed its latest cuts, which Elon Musk
Driving a hard bargain
Last week, Musk
- Already in 2023, the company’s Model Y has seen its price drop $20k+, or 30%, to ~$47k — $759 below that of the average US vehicle.
You’re unlikely to find anyone looking to buy a Model Y who’s going to complain about this — because that would be odd.
But head over to Wall Street, and you’ll find a whole bunch of folks questioning its impact on Tesla’s profit margins, which, while still strong at 19% in Q1, was the company’s lowest in 11 quarters.
- “We are trying to resist,” Luca de Meo, CEO of French carmaker Renault, recently said in regard to Tesla’s cuts.
Whatever the case: Remember, there’s always the option to get a
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