Skip to main content

New cut price for Tesla.

Tesla
Tesla has cut the prices of its most expens­ive mod­els in the US for a second time this year, fur­ther unrav­el­ling steep price increases that had con­trib­uted to a sharp fall in demand in 2022.

The start­ing price of the Model S has been reduced 5 per cent to $89,990, while the low­est-priced Model X has come down 9 per cent to $99,990, accord­ing to the com­pany’s web­site.

The start­ing price of its Model X jumped from about $99,000 to more than $120,000 last year, help­ing to sup­port Tesla’s industry-lead­ing profit mar­gins but con­trib­ut­ing to dis­ap­point­ing new vehicle deliv­er­ies in the final months of 2022.

Chief exec­ut­ive Elon Musk said last week that a round of price cuts in Janu­ary across all mar­kets and most of Tesla’s mod­els had an imme­di­ate impact in stok­ing higher sales. Speak­ing at Tesla’s first investor day, Musk claimed the demand for Tesla’s vehicles was «infin­ite» and the only thing hold­ing buy­ers back was afford­ab­il­ity, though he did not address the impact of price increases on damp­ing sales.

www.sba.tax

Labels:

Comments

  1. Fabian7 March 2023 at 15:49

    I think we saw this coming, no? I was thinking they would do this again but not this soon to be honest. I was thinking maybe April or May would come with another discount.

    ReplyDelete
    Replies
    1. Alex7 March 2023 at 16:02

      They've increased prices way too much when there was great demand for Tesla and now, of course they can offer discounts. I am going to wait even more because they will bring the prices down even further.

      Delete

Post a Comment

Cloud Bookkeeping

HS2 cost cuts new routes and add delays.

 Trans­port depart­ment offi­cials have begun work on «Project Sil­ver­light» sug­gest­ing the high­speed rail scheme might face four addi­tional years of delay. The planned High Speed 2 rail line faces fur­ther delays of up to four years and more cuts to the project under plans being drawn up by min­is­ters to rein in its bal­loon­ing costs. The extra delays to the coun­try’s biggest infra­struc­ture project would mean that it would not be com­pleted until as late as 2045 — 12 years after ori­gin­ally planned. «This is a func­tion of infla­tion; we are hav­ing to find huge sav­ings because the cost of everything the depart­ment is already doing will have become so much more expens­ive by then,» said one gov­ern­ment offi­cial. In Octo­ber, the FT repor­ted that the Treas­ury had asked HS2’s man­age­ment team to identify poten­tial cuts or «scope reduc­tions» to the high-speed line. Trans­port depart­ment offi­cials have sub­sequently begun work on Project Sil­ver­light aimed at fi...
4 comments
Read more

Small business will be excluded from fraud law.

  Min­is­ters are plan­ning to exclude small busi­nesses from anti-fraud legis­la­tion by nar­row­ing the scope of a crim­inal offence tar­get­ing com­pan­ies that fail to pre­vent eco­nomic crimes. MPs and anti-cor­rup­tion cam­paign­ers had hoped the gov­ern­ment would seek to amend the eco­nomic crime and cor­por­ate trans­par­ency bill to ensure the new offence covered all com­pan­ies. The plans to limit the scope of the amend­ments will also dis­ap­point those who had hoped the legis­la­tion would remove key hurdles to the pro­sec­u­tion of white-col­lar crime. A new «fail­ure to pre­vent» offence for fraud would bring it in line with exist­ing sim­ilar cor­por­ate offences for bribery and tax eva­sion. At present, pro­sec­utors need only prove that organ­isa­tions lacked «reas­on­able» or «adequate» con­trols to pur­sue the offence in bribery and tax eva­sion cases. «It would be much more sens­ible for the gov­ern­ment to provide strong guid­ance for SMEs on what these pro­ce...
3 comments
Read more

Doubt on CS's collateral.

  Credit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies that deny ever doing the business stated on the documents. The Swiss bank provided the loan in October 2020, less than five months before the collapse of Greensill, a supply chain finance firm that counted former British prime minister David Cameron as a senior adviser. Invoices issued by metals magnate Sanjeev Gupta’s Liberty Commodities and sold to Greensill formed part of the collateral for the loan, according to documents seen by the Financial Times and people familiar with the transaction. Yet several of the parties named on the invoices have told the FT they did no business with Liberty. GFG has consistently denied any wrongdoing. Credit Suisse’s loan had a clause dictating that the collateral value had to be equal to or greater than the $140mn borrowed. The terms of the debt agreement only allowed invoices on Green-sill’s balance sheet to count towards this tally if t...
2 comments
Read more