Tesla: The economic crisis has had an impact on all aspects of business, forcing corporations to make tough decisions.
Tesla is using a different strategy while the bulk of businesses have resorted to layoffs in order to reduce expenses.
Instead, the producer of electric vehicles is lowering costs in both the US and Europe.
The news
Tesla is a corporation that designs and produces solar goods, energy storage systems, and electric cars (EVs).
Elon Musk established the business in 2003 with the goal of hastening the global switch to renewable energy.
Tesla EVs are renowned for their high performance, long-range, and stylish designs.
The Model S, Model 3, Model X, and Model Y are some of the most well-known Tesla vehicles.
In addition to making consumer cars, Tesla also sells other manufacturers electric powertrain systems and parts.
The company’s website announced a price reduction on Thursday.
Sales
Sales of Tesla vehicles have been quite strong.
Profits have been steadily rising for the corporation, and recent years have witnessed strong growth.
Over 5 million Tesla automobiles were delivered worldwide in 2020.
Since 2018, the Model 3, Tesla’s most economical automobile, has been the most popular electric vehicle internationally.
Additionally, Tesla has had excellent sales in other regions, including China and Europe.
The company has also made plans for the foreseeable future to increase manufacturing and sales in other countries.
Overall, Tesla has performed well in terms of sales, solidifying its position as a major player in the electric car industry.
However, lowering pricing in the US might assist the business in being eligible for additional federal EV tax credits and boost both local and global sales...Read More
Meanwhile, the following nations in Europe are offering discounts on the Model 3 and Model Y:
- Austria
- France
- Germany
- The Netherlands
- Norway
- Switzerland
- The UK
Read also: Amazon announce plans to let 18,000 employees go
Source: The Wall Street Times