Tesla slashes Prices amidst delay in India Entry: check new rates

Mumbai :

While Tesla’s debut in the Indian market faces delays, the electric vehicle juggernaut has made significant price cuts in the United States and China, offering a boon to potential buyers.

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This strategic move comes ahead of the company’s quarterly results announcement,

marking a notable shift in pricing strategy.

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Price Reduction Across Models:

Tesla has announced substantial price cuts on three of its flagship models – Model Y, Model X, and Model S, in a bid to make its electric vehicles more accessible to consumers.

However, there have been no alterations in the prices of the Model 3 Sedan and the Tesla Cybertruck.

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Cutbacks on Full Self-Driving System:

In addition to price reductions on vehicles, Tesla has also announced markdowns on its full self-driving system, albeit with a caveat that the system requires driver alertness and intervention.

The reductions range from $8,000 to $12,000, as per information available on the company’s website.

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Elon Musk’s Vision and Challenges:

Tesla CEO Elon Musk’s ambitious promise of a fleet of robotaxis by 2020 remains unfulfilled, with the self-driving system still reliant on human oversight.

Despite initial projections, the system’s transition to full autonomy has encountered hurdles along the way.


Discounts in India:

Tesla’s price cuts extend to the Indian market as well, with discounts of up to ₹1.5 lakh announced on select models.

This decision comes amidst challenges and uncertainties surrounding the company’s entry into the Indian automotive landscape.


Strategic Response to Market Conditions:

The decision to reduce prices follows a significant decline in Tesla’s stock, with shares plummeting by $150, erasing gains made in the previous year.

This move reflects Tesla’s proactive approach in adjusting to market dynamics and maintaining competitiveness in the global automotive arena.

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