Overnight Tesla has been reducing prices in many countries.
In the uk for instance prices have dropped by up to 13,5% for model 3 and y.
See this video for instance:
Is this because they see a drop in new orders coming in, or did gain manufacturing cost reductions to be able to do this?
If the latter is true, then other manufacturers could be in trouble, because most of them will not be able to reduce prices this drastically.
Honestly, the wat Tesla has been scaling up, I wouldn’t be surprised if Tesla in the coming years will continue to lower prices and thereby keep pressure on the market to reduce the price of EV’s.
If you’re looking to buy an EV, then this is great news. If you just bought a Tesla, then you lost quite a bit of value on your car.
