Tesla cuts sedan and SUV prices to aid buyers in securing tax benefits.
Tesla Lowers Prices and Upgrades Model 3
Tesla made exciting changes to its lineup on Thursday, including a price reduction for two of its models in preparation for the highly anticipated revamped Model 3.
Model S Sedan: A More Affordable Luxury
- Previous Price: $104,990
- New Price: $74,990
Model X SUV: A More Accessible Option
- Previous Price: $120,990
- New Price: $79,990
With the Model X now priced under $80,000, it qualifies for the federal tax credit for electric SUVs under the Inflation Reduction Act.
But that’s not all! The Model 3 also received some exciting upgrades:
- Increased Mileage: The Model 3 now boasts an impressive 377-mile range on a single charge, a 9% improvement.
- Enhanced Interior: Tesla added a duplicate touchscreen system for the backseat of the Model 3, along with a new speaker system.
While these enhancements are remarkable, it’s important to note that the price of the Model 3 has also increased:
- New Price: $35,800
- Autopilot Option: Included for free with every model
- Full Self-Driving Mode: Available for an additional $12,000, a $3,000 increase
Despite the fluctuations in Tesla’s stock value, the company achieved record-breaking sales in 2022:
- Total Vehicles Sold: 1.3 million
- Sales Growth: 47% compared to the previous year
With over 13,000 Supercharger posts across 1,000 sites in 36 countries, Tesla owners have convenient access to charging stations worldwide.
As of 2:30 p.m. on Friday, Tesla’s stock experienced a 5% drop.
For more information, click here to read the full article from The Washington Examiner.
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