{"id":6092,"date":"2024-01-18T20:06:17","date_gmt":"2024-01-18T14:36:17","guid":{"rendered":"https:\/\/bigbreakingwire.in\/tesla-initiates-major-price-cuts-for-model-y-in-europe-amidst-demand-concerns\/"},"modified":"2024-01-19T14:49:25","modified_gmt":"2024-01-19T09:19:25","slug":"tesla-initiates-major-price-cuts-for-model-y-in-europe-amidst-demand-concerns","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/tesla-initiates-major-price-cuts-for-model-y-in-europe-amidst-demand-concerns\/","title":{"rendered":"Tesla Initiates Major Price Cuts for Model Y in Europe Amidst Demand Concerns"},"content":{"rendered":"
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Image by Blomst from Pixabay<\/figcaption><\/figure>\n\n\n\n

In response to concerning demand, Tesla has implemented substantial price reductions for the Model Y across Europe, mirroring a strategy employed in China a week prior. Information from Tesla’s official website indicates that the company has initiated price cuts in European markets, including Germany and France.<\/p>\n\n\n\n

\u2022 Tesla, having reduced prices in China, is now extending substantial discounts in Europe.<\/p>\n\n\n\n

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\u2022 In Germany, Tesla cut Model Y Long Range and Model Y Performance prices by 5,000 euros each, representing discounts of 9% and 8.1%.<\/p>\n\n\n\n

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\u2022 The Model Y Rear-Wheel Drive also saw a 4.2% price reduction in Germany.<\/p>\n\n\n\n

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\u2022 France witnessed a 6.7% price cut for the Model Y, while Denmark enjoyed a significant 10.8% discount.<\/p>\n\n\n\n

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\u2022 In the Netherlands, Tesla decreased the Model Y price by 7.7%, and in Norway, prices dropped between 5.6% and 7.1%.<\/p>\n\n\n\n

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\u2022 Tesla is additionally offering 0% financing in these European countries, constituting another costly incentive.<\/p>\n\n\n\n

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\u2022 These price adjustments, combined with target price cuts from UBS Group and Wells Fargo, resulted in a 2% decline in Tesla’s stock on Wednesday.<\/p>\n\n\n\n

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\u2022 Tesla is facing a challenging start in 2024, with its stock already down more than 13% since the beginning of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to concerning demand, Tesla has implemented substantial price reductions for the Model Y across Europe, mirroring a strategy employed in China a week…<\/p>\n","protected":false},"author":1,"featured_media":6091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,31,29,1,39],"tags":[113,491,112],"class_list":["post-6092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-business","category-finance","category-tech","category-world","tag-electric-vehicles","tag-europe","tag-tesla","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/01\/tesla-1738969_1920.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-1Ag","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/6092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=6092"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/6092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/6091"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=6092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=6092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=6092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}