{"id":986,"date":"2024-01-20T02:01:45","date_gmt":"2024-01-20T02:01:45","guid":{"rendered":"https:\/\/muskmarketalert.com\/?p=986"},"modified":"2024-01-20T02:01:45","modified_gmt":"2024-01-20T02:01:45","slug":"teslas-model-y-price-cut-in-europe-strategy-or-necessity","status":"publish","type":"post","link":"https:\/\/muskmarketalert.com\/teslas-model-y-price-cut-in-europe-strategy-or-necessity\/","title":{"rendered":"Tesla’s Model Y Price Cut in Europe: Strategy or Necessity?"},"content":{"rendered":"

Tesla<\/a> slashes Model Y<\/a> prices in Europe, reacting to increased competition and supply chain disruptions in Germany.<\/p>\n

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Price Reductions Across Key Markets<\/strong><\/h2>\n

Tesla has recently reduced the prices of its Model Y cars across several European countries. This move follows a week after announcing price cuts for its Model 3 and Model Y in China. The price reductions affect Germany, France, Norway, and the Netherlands, as seen on Tesla’s local websites. In Germany, the Model Y rear-wheel drive is now priced at 42,990 euros, a 4.2% discount.<\/p>\n

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The Long Range model sees an 8.1% price cut to 49,990 euros. In France, Tesla’s price cuts reach up to 6.7%, and in the Netherlands, reductions are as high as 7.7%. Norway sees cuts between 5.6% and 7.1%. Following these announcements, Tesla shares<\/a> fell by 1.6% in U.S. premarket trading.<\/p>\n

Background of Price Cuts in China<\/strong><\/h2>\n

Before these European reductions, Tesla had already cut prices for its Model 3 and Model Y cars in China. Over the past year, Tesla has aggressively reduced prices in China, competing against local rival BYD. There, the Model 3<\/a> saw a 6% price cut, and the Model Y dropped by 11%, as per JL Warren Capital.<\/p>\n

Challenges in German Operations<\/strong><\/h2>\n

Tesla’s German operations have encountered disruptions. Recent attacks in the Red Sea have affected global trade and Tesla’s supply chain. As a result, Tesla temporarily halted most car production at its Berlin-Brandenburg plant last week. The pause was due to component shortages caused by altered transport routes.<\/p>\n

Growing Competition in the EV Market<\/strong><\/h2>\n

The electric vehicle market is becoming increasingly competitive. In 2023, Chinese carmaker BYD<\/a>, backed by Warren Buffet, surpassed Tesla as the world’s largest EV maker. In Germany, Volkswagen overtook Tesla as the top EV seller, achieving a 13.5% market share compared to Tesla’s 12.1%, according to the German federal motor authority KBA.<\/p>\n

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