{"id":8153,"date":"2020-05-27T03:47:33","date_gmt":"2020-05-27T08:47:33","guid":{"rendered":"http:\/\/planesintheair.com\/?p=8153"},"modified":"2020-05-27T03:47:33","modified_gmt":"2020-05-27T08:47:33","slug":"tesla-cuts-prices-up-to-6-in-north-america-to-boost-demand","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=8153","title":{"rendered":"Tesla Cuts Prices up to 6% in North America to Boost Demand"},"content":{"rendered":"\n
\"\"
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York<\/figcaption><\/figure>\n\n\n\n

Tesla Inc <TSLA<\/a>> has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during weeks of lockdown that have now started to ease.<\/p>\n\n\n\n

Tesla also said its Supercharger quick-charging service will no longer be free to new customers of its Model S sedans and Model X sport utility vehicles (SUV’s).<\/p>\n\n\n\n

Auto retail sales in the United States likely halved in April from a year earlier, showed data from J.D. Power. However, sales in May are likely to improve due to pent-up demand and incentives offered by most carmakers, the analytics firm said.<\/p>\n\n\n\n

Automakers including General Motors Co <GM<\/a>>, Ford Motor Co <F<\/a>> and Fiat Chrysler Automobiles NV <FCAU<\/a>>, are offering 0% financing rates and deferred payment options for new purchases.<\/p>\n\n\n\n

Factories in the United States started to reopen earlier this month with suppliers gearing up to support an auto industry employing nearly 1 million people.<\/p>\n\n\n\n

Tesla was briefly forced to stop work at its Fremont, California, factory due to stay-at-home orders. It resumed production after resolving a dispute over safety measures with local authorities.<\/p>\n\n\n\n

On Wednesday, Tesla website’s showed the starting price for its Model S sedan is now $74,990, down from $79,990.<\/p>\n\n\n\n

Its Model X SUVs are now priced at $79,990, from $84,990, and the lowest-priced Model 3 sedan is $2,000 cheaper at $37,990.<\/p>\n\n\n\n

Tesla said it will also cut prices in China – as per usual after price adjustments in the United States – by around 4% for the Model X and Model S.<\/p>\n\n\n\n

Tesla China, which is delivering Model 3 sedans from its Shanghai factory, in a Weibo post said it has also cut prices for the Model S and Model X cars it imports, but will keep prices of locally made Model 3 cars unchanged.<\/p>\n\n\n\n

(Reporting by Yilei Sun and Brenda Goh; Editing by Tom Hogue and Christopher Cushing)<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Tesla Inc has cut prices of its electric vehicles by as much as 6% in North America following a decline in auto demand in the region during <\/p>\n","protected":false},"author":1,"featured_media":8155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7890,3794,10269,6470,5637,5877,6117,8222,10701,10700,10339,5992,8865,2303,5878,2203,4957,10194,4059,5676,10169,10176,1397,10195,10171,868,10182,1103],"tags":[914,5297,1830,3168,3255,5205,11708,1235,2310,5874,446,11709,5265,3796,5399,5258,11704,2493,11086,463,11706,2308,1236,5266,3030,1269,9667,2318,1234,11705,1239,1559,9399,5633,11133,1233,1237,1238,654,718,412,764,7999,4063,2497,4544,2467,8470,10481,8316,4799,4203,4845,7597,3666,1288,1249,8207,1055,727,5656,3076,11703,3324,953,542,11404,1691,1658,444,3027,1894,1939,11707,11110],"class_list":["post-8153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-news","category-auto-news","category-automotive","category-automotive-news","category-business-news","category-car-news","category-china-news","category-consumer-news","category-coronavirus","category-covid-19","category-e-commerce","category-economic-news","category-electric-car-news","category-electric-vehicle-news","category-environmental-news","category-finance-news","category-global-politics","category-green","category-green-energy-news","category-international-news","category-news","category-stock-news-2","category-stock-news","category-transport","category-transportation","category-transportation-news","category-travel","category-travel-news","tag-america","tag-analytics","tag-auto","tag-automobiles","tag-automotive","tag-boost","tag-brenda-goh","tag-california","tag-carmakers","tag-charging","tag-china","tag-christopher-cushing","tag-chrysler","tag-customers","tag-cuts","tag-decline","tag-deferred","tag-demand","tag-editing","tag-electric","tag-employing","tag-factories","tag-factory","tag-fiat","tag-financing","tag-firm","tag-following","tag-ford","tag-fremont","tag-gearing","tag-general-motors","tag-imports","tag-incentives","tag-j-d-power","tag-lockdown","tag-model-3","tag-model-s","tag-model-x","tag-motor","tag-new","tag-news","tag-north","tag-offered","tag-options","tag-payment","tag-people","tag-post","tag-prices","tag-purchases","tag-quick","tag-rates","tag-region","tag-reopen","tag-reporting","tag-retail","tag-reuters","tag-sales","tag-sedans","tag-service","tag-shanghai","tag-sport","tag-states","tag-supercharger","tag-suppliers","tag-suv","tag-tesla","tag-tom-hogue","tag-transport","tag-transportation","tag-united","tag-utility","tag-vehicles","tag-website","tag-weibo","tag-yilei-sun"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8153"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8153\/revisions"}],"predecessor-version":[{"id":8156,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8153\/revisions\/8156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/8155"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}