Tesla Inc has reduced prices for its Model Y vehicles in Germany, responding to increased competition from Volkswagen, which surpassed Tesla as the leading electric vehicle seller in the country in 2023. The price cuts include a 9% discount for Model Y Long Range and an 8.1% reduction for Model Y Performance, with the new prices set at 49,990 euros and 55,990 euros, respectively. Tesla also lowered the price of Model Y rear-wheel drive models by 4.2% to 42,990 euros. This move follows Tesla’s recent price reductions for Model 3 and Model Y in China. The price adjustments coincide with Tesla’s announcement of a temporary production suspension at its Berlin factory due to component shortages resulting from disruptions in transport routes. The German electric vehicle subsidy program ended prematurely last month, impacting local carmakers already struggling to compete with Chinese and U.S. rivals on pricing.
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Here is the current status of Trump's tariffs as new timber, cabinet, and furniture levies are implemented. -
As the "high-stakes game of chicken" between the United States and China commences, investors should prepare for increased trade war volatility. -
Cardi B and Nicki Minaj, two rappers who are at odds, do share one thing: Purchasing real estate
