Monthly Archive: January 2023

Tesla price cuts are the ‘right medicine at the right time,’ analyst says

With inventory reportedly piling up, Tesla analysts and investors predicted price cuts were coming — and they were right. Wedbush analyst Dan Ives said the the cuts are the “right medicine at the right time.” In a note to clients today, Ives argued that lowering prices is the correct strategic move as demand may be waning and competition is heating up.

Tesla cuts prices across the board up to 20%

2022 Tesla lineup  (Courtesy of Tesla, Inc.)Tesla has once again lowered prices. As of Thursday the automaker's online configurator shows price cuts for every model in its lineup. The Model Y received the biggest cut, of about 20% across the lineup. Including the new, higher $1,390 destination fee, the base Model Y Long Range now starts at $54,380, while the Model Y Performance now starts...