Tesla cut prices of three electric vehicle models in the US

The reason for the price drop is that you can now buy the Model Y for $42,990, the Model S for $72,990, and the Model X for $77,990.

Tesla on Friday cut the price of three car models in the US by $2,000, a move that reflects Tesla’s current troubles under Elon Musk. The reduced prices include the Model Y, a small SUV that is Tesla’s bestseller and the most popular electric car in the US, as well as the older and more expensive Model X and S.

Tesla drops the price of FSD to $8,000

On Saturday, Tesla dropped the price of its fully self-driving service from $12,000 to $8,000. The price will increase further to $15,000 in September 2023.

Tesla Full Self-Driving is not fully autonomous. It is a Level 2 system, which requires a human driver to be alert and ready to take over control.

On April 12, Tesla also lowered the monthly subscription fee for FSD from $199 to $99 to encourage more people to use it. However, this has made it less expensive to buy FSD. With a $99 monthly fee, it would take more than 10 years to pay off $12,000, and about seven years to pay off $8,000.

These changes come at a time when Elon Musk is focusing more on autonomous driving for Tesla’s future growth, including plans to announce a robotaxi on August 8.

Model 3 Prices Cut In Europe – Tesla has cut prices of its Model 3 cars in Germany, France, Norway and the Netherlands by about 4% to 7%, bringing prices down by $2,000 to $3,200 compared to before.

Earlier, Tesla had started offering loans at low or zero interest rates in various European countries like Germany.

Tesla fans in Europe are growing concerned about delays in plans for affordable electric cars

Tesla fans in Europe will be forced to buy the current model, as there are rumors that Tesla cannot make affordable electric cars in Europe.

Elon Musk’s Tesla is in the news again. Shares are fluctuating after the company’s latest robotaxi announcement. They rose after falling due to lower-than-expected deliveries in the first quarter of 2024 announced in early April.

Talks of the electric vehicle company abandoning the idea of a cheap $25,000 (€23,027.75) car have disappointed Tesla fans around the world. Even though Musk tried to say it wasn’t true, investors and customers were not convinced and Tesla’s shares plummeted.

Why did Elon Musk postpone his India visit?

Musk said that he had to postpone his scheduled visit to India, where he was to meet Prime Minister Narendra Modi over the weekend. He also mentioned many important tasks related to Tesla. Musk expressed his desire to visit India later this year.

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