Sunday 26th of May 2024
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Headlines : * Great danger signal no 10 for Mongla, Payra ports   * 7 babies killed after huge fire at Delhi children`s hospital   * 9 children among 27 killed in India games arcade fire   * `Remal` likely to hit Bangladesh by this evening   * Biman suspends all Cox`s Bazar bound flights   * Fire service opens monitoring cell to face cyclone Remal   * All set to face cyclone Remal: Mohibbur   * Metro rail service restored   * Gold mine collapse in northern Kenya kills five   * Cyclone Remal: Payra, Mongla ports asked to hoist danger signal 7  

   Business
Tesla cuts US prices of Models Y, X, S by $2,000
  Date : 26-05-2024

Reuters

Tesla cut the US prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world`s most valuable automaker missed market expectations.

Elon Musk`s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said, opens new tab it would end its referral programme benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.


Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.



  
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