HomeGreen LivingGreen VehiclesTesla is 'weaponising' its profits as electric car battle heats up –...

    Tesla is ‘weaponising’ its profits as electric car battle heats up – report

    Tesla has responded to increased competition in the electric-car segment by cutting into its large profit margins, sending ripples across the auto industry – and delivering customers big savings.

    US electric-car specialist Tesla has been accused using the huge profit margins on its vehicles to start a price war among its rivals – in the process delivering big savings for buyers.

    Tesla has cut the price of its electric cars across the globe by up to 20 per cent.

    The move saw sales spike by up to 500 per cent in one month in parts of China following a 13 per cent price reduction in that market, Car News China reports.

    While the price of the Tesla Model 3 sedan was lowered by ¥36,000 ($AU7530) in China, in the UK the Tesla Model Y SUV dropped by £8000 ($AU14,000).

    Germany saw the greatest price reduction, with Motor1 reporting the Tesla Model Y SUV was slashed by €9100…

    Read the full article originally published at

    Google News
    Google News
    Comprehensive up-to-date news coverage, aggregated from sources all over the world by Google News.


    Please enter your comment!
    Please enter your name here

    - Advertisment -

    Most Popular

    Recent Comments