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Tesla Inc.

Tesla Inc.83 posts

Tesla Inc. is a California-based company that builds electric cars, batteries and powertrains. It was founded in 2003 and initially financed by Martin Eberhard and Marc Tarpenning. Elon Musk became its chairman a year later and, in 2008, its CEO. The company produces the Model S, Model X and Model Y. It has stores in North America, Europe, Asia and Australia.

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20 Apr, 2023

Tesla cuts Model Y, Model 3 prices

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Tesla cuts US prices for Model Y Long Range and Performance models by $3,000 each and the price of the Model 3 Rear-wheel Drive by $2,000 to $39,990, the sixth time it has lowered US prices this year. Tesla has cut prices of its base Model 3 by 11% so far this year and its base Model Y by 20% — moves that come as the United States, its largest market, prepares to introduce tougher standards that will limit EV tax credits.

26 Mar, 2023

Marked down Tesla vehicles spark China price war

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Tesla marks down its prices, causing a price war in China, by selling vehicles there for as much as 50% less than what they cost in Europe and the United States. The Tesla Model 3 sedan and the Model Y crossover are both manufactured at a plant just outside Shanghai. The massive markdown is forcing rival vehicle manufacturers to slash prices also, in an effort to maintain sales.