Tesla recently briefly lowered the prices of some models in the Model Y series, among which the Model Y entry-level single-motor rear-wheel drive RWD version and dual-motor four-wheel drive Long Range version were reduced by $1,000 to $42,990 and $47,990 respectively, respectively, but this wave of reductions is only applicable for a short period from February 11 to February 29, while the price of the Performance model remains unchanged.
Tesla's original factory previously revealed in the fourth quarter of 2023 earnings conference that Tesla CEO Elon Musk personally revealed that it will start production at the Texas factory in the United States by the end of 2025 with a price of about 250,000 affordable crossover electric SUV, the new car was revealed to be internally developed codenamed Redwood, and will be the first to use Tesla's third-generation vehicle platform to build a model, and will be built in the Mexican factory, as well as a new gigafactory that has not yet been built in the future, and the new model of the third-generation platform is expected to reduce the cost of the second-generation platform models such as Model Y by half in the early days.
And due to the strong competition from BYD and other brands, coupled with Tesla's focus on the development of the aforementioned new generation of electric vehicles codenamed Redwood, the outside world believes that Tesla's sales and production growth in 2024 will slow down compared with the past, and Tesla's profits will be affected under the fierce price cutting competition.
Therefore, except for the German Tesla Model Y series in January, they were adjusted for the entry-level single-motor rear-wheel drive RWD and dual-motor four-wheel drive Long Range models. After 1%, the price of the aforementioned car will come to 42,990 euros and 49,990 euros; The Tesla Model Y in the United States also followed up on February 11 with a price reduction adjustment.
However, unlike most of the previous normal price reductions, Tesla in the United States has adopted a short-term price reduction model, limiting American consumers to order entry-level RWD and mid-range Long Range models from February 11 to February 29, and enjoy a price reduction of $1,000, with a price reduction of %, and the price after the reduction will come to $42,990 and $47,990 respectively, with the highest performance Models are not included in this wave of price reductions.
Some outside analysts speculate that the most important thing for the Model Y is to offer price reduction measures, the most important is that the market demand has slowed down, and the original factory has also begun to launch the facelifted Model Y model, which is internally codenamed Highland, in the next few months.