According to Tesla’s U.S. website, the company continues to reduce the price of some vehicles in the United States, the Model 3 car price in the U.S. from 40,240 U.S. dollars (currently about RMB294,000) to 38,990 U.S. dollars (currently about RMB 285,000), the Model Y long-distance-range version of the SUV in the U.S. from 50,490 U.S. dollars (currently about RMB 369,000) to RMB 48,490 (currently about RMB 355,000). 50,490 U.S. dollars (currently about RMB 369,000) to 48,490 U.S. dollars (currently about RMB 354,000) for the Model Y long-range SUV in the United States.
▲ Source: Tesla’s U.S. website
▲ Source: Tesla’s U.S. website
Tesla has also released its Q3 2023 production and delivery report, stating that it produced 430,500 electric vehicles and delivered 435,100 in the third quarter globally, representing year-on-year growth of 18% and 27%, and year-on-year declines of 10.3% and 6.7%, respectively. The market had previously estimated production and sales of 462,000 and 456,700 units in the third quarter, but the actual production and sales were lower than the market’s expectations.
▲ Source Tesla
In September this year, Goldman Sachs that Tesla will further reduce prices in the future, Goldman Sachs analyst Mark Delaney believed that Tesla may further reduce prices in the future, through the route of “going to the volume of profit”, to obtain higher sales, but this move will weaken the cost reduction of EPS (Earning Per Share), which is the most important factor in the development of the Tesla model. Home note: Earning Per Share (EPS) growth.
In the face of previous Tesla price cuts in the Chinese market, Tesla claimed at the time that “the price cut is for the consideration of giving consumers more benefits” and that “Tesla has always insisted on cost-based pricing, and on the basis of cost control, maximizing the benefits to consumers”. .
